🔴 JBLU is trading 4.8% down today after wider-than-expected Q1 loss and fuel price spikes

JBLU is trading 4.8% down at $4.76 following a Q1 earnings report that revealed a wider-than-expected loss driven by historic fuel price volatility.

• The airline reported a diluted loss per share of ($0.86), missing analyst estimates of ($0.72), as fuel costs averaged $4.88 per gallon and offset a 6.5% year-over-year increase in unit revenue.
• Management attributed the earnings miss to cost pressures that delayed profitability under its JetForward turnaround initiative, though the company reaffirmed its 2026 EBI target of $310 million.