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JetBlue (JBLU) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended March 2025, JetBlue Airways (JBLU) reported revenue of $2.14 billion, down 3.1% over the same period last year. EPS came in at -$0.59, compared to -$0.43 in the year-ago quarter.

The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $2.15 billion. With the consensus EPS estimate being -$0.61, the EPS surprise was +3.28%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how JetBlue performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Load factor: 80.7% versus the five-analyst average estimate of 82.4%.

  • Average fuel cost per gallon, including fuel taxes: $2.57 versus the four-analyst average estimate of $2.59.

  • Operating revenue per ASM: 13.71 cents versus the four-analyst average estimate of 13.74 cents.

  • Available seat miles (ASMs): 15.61 billion compared to the 15.62 billion average estimate based on four analysts.

  • Operating expense per ASM, excluding fuel: 11.45 cents versus the four-analyst average estimate of 11.46 cents.

  • Passenger revenue per ASM: 12.62 cents versus 12.74 cents estimated by four analysts on average.

  • Revenue passenger miles (RPMs): 12.6 billion versus the four-analyst average estimate of 12.95 billion.

  • Fuel gallons consumed: 199 Mgal versus 202.01 Mgal estimated by three analysts on average.

  • Yield per passenger mile: 15.63 cents compared to the 15.24 cents average estimate based on three analysts.

  • Operating expense per ASM: 14.83 cents versus the two-analyst average estimate of 14.87 cents.

  • Operating Revenues- Passenger: $1.97 billion compared to the $2 billion average estimate based on five analysts. The reported number represents a change of -4.2% year over year.

  • Operating Revenues- Other: $171 million compared to the $157.86 million average estimate based on five analysts. The reported number represents a change of +11% year over year.

View all Key Company Metrics for JetBlue here>>>

Shares of JetBlue have returned -15.6% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.