JetBlue cut its 2026 outlook and posted a wider third-quarter loss Monday, but said it remains on track to return to sustained profitability in 2027. Its beaten-down shares rose more than 10% in after-hours trading, recovering part of a weeklong slide driven by speculation that it could file for Chapter 11 bankruptcy.
The shares had closed Monday at $2.37, down more than 20% over the past week. JetBlue released its third-quarter results after the close, a day earlier than scheduled. It had been slated to report Tuesday morning before the market opened.
The carrier reaffirmed its long-term guidance of $1 in earnings per share and positive free cash flow by 2028. JetBlue said unit costs excluding fuel would experience a “meaningful step-down” in the fourth quarter.
“Together with continued JetForward execution, this reinforces our confidence in achieving sustained operating profitability in 2027 and delivering at least $1 EPS and positive fre