What is JetBlue's updated second-quarter fuel cost forecast, and how does it compare to its previous estimate?

JetBlue now expects fuel to cost $4.26 to $4.36 per gallon in the second quarter, up from its earlier forecast of $4.13 to $4.28 per gallon — a revision driven by sustained shipping disruptions in the Strait of Hormuz following U.S.-Israeli strikes on Iran in February, which pushed jet fuel prices near $142 per barrel by late May, up from $85–$90 per barrel before the strikes.

How is JetBlue planning to offset rising fuel costs, and what financial indicators show its response is working?

JetBlue expects to 'recapture 40% or more of increased fuel costs in the quarter' through consistent operational performance, and it has raised its revenue growth forecast per available seat mile (a key pricing power metric) to 9%–12%, up from 7%–11%, reflecting stronger fare recovery; the airline also implemented fare hikes, baggage fee increases, capacity cuts, hiring slowdowns, and suspended its full-year outlook in April to manage financial pressure.

JetBlue flags higher fuel costs as disruptions from Iran conflict linger

Jun 1, 2026

JetBlue raised its Q2 fuel cost forecast as Strait of Hormuz disruptions drive jet fuel prices near $142 per barrel. The airline intends to recapture over 40% of these costs through fare adjustments.

reuters

2026-06-01

JetBlue flags higher fuel costs as disruptions from Iran conflict linger

JetBlue flags higher fuel costs as disruptions from Iran conflict linger

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