JetBlue raises fuel cost forecast; shares fall

JetBlue Airways

01/06/2026 14:43

Updates
** Shares of U.S. carrier JetBlue JBLU.O down nearly 9% at $5 in early trading
** Co lifts Q2 fuel costs forecast amid disruptions triggered by the Strait of Hormuz closure that are driving up jet fuel prices across the global aviation industry
** It now expects fuel to cost between $4.26 and $4.36 per gallon, compared with its earlier forecast of $4.13 to $4.28
     ** The airline raises forecast for revenue growth per available seat mile to between 9% and 12%, versus the 7% to 11% range forecast earlier
** Jefferies says the outlook reflects mounting cost pressures from higher fuel prices, which could weigh on margins despite strong demand
** JetBlue reports "outperformance" on routes formerly run by Spirit Airlines following the budget carrier's shutdown last month
** Including session's moves, shares up 11.1% YTD

(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))