JetBlue Raises Revenue Outlook, Cuts Capacity Growth

JetBlue cut its third-quarter 2026 capacity-growth forecast to 1.5%–3.5%, from 3%–6%, after severe weather and air-traffic-control disruptions in the Northeast caused elevated cancellations and higher operating costs. Despite those challenges, the airline said demand remains strong, with healthy peak and off-peak bookings extending into September and early fourth-quarter trends, while raising its revenue-per-available-seat-mile growth outlook to 17%–20%. JetBlue also increased its expected third-quarter fuel cost to $3.96 per gallon from $3.49, adding pressure to a turnaround effort already burdened by losses, leverage and negative free cash flow. The carrier slightly reduced planned capital expenditures but expressed continued confidence in demand and its longer-term profitability plan.