JetBlue Airways Corp. (NASDAQ: JBLU) reported better-than-expected second-quarter 2025 results with a modest operating profit, beating analyst estimates. The company posted an adjusted net loss of $58 million, or 16 cents per share, and revenue of $2.36 billion. CEO Joanna Geraghty highlighted progress on the JetForward plan, showing a return to profitability. Operating expenses decreased, while operating margin improved to 1.3%.

The airline’s capacity in the second quarter declined by 1.5% from the year-ago period, with total operating expenses falling by 0.9% to $2.4 billion. Operating expense per available seat mile, excluding fuel, increased by 6.0% year over year. JetBlue reported delivering $90 million in incremental EBIT from JetForward in the first half of 2025.

JetBlue launched a new interline partnership with United Airlines called “Blue Sky,” providing expanded routes and loyalty point access. The company also sold remaining Embraer E190 aircraft and divested select assets to reduce costs. CFO Ursula Hurley reinstated full-year unit cost guidance despite lower capacity and improved the outlook for grounded aircraft due to engine issues.

The airline expects capacity for the third quarter to range from a 1% decline to a 2% increase year over year, with unit revenue forecasted to fall between 2% and 6%. For the full year 2025, JetBlue anticipates capacity to decline between 0.5% and 2.5% and an increase in CASM ex-fuel between 5.0% and 7.0%. The company remains optimistic about improving demand for air travel.

JetBlue and United Airlines completed the U.S. Department of Transportation’s review of their Blue Sky collaboration, enabling customers to earn and redeem points across both carriers. Initial customer benefits will roll out this fall, with expanded service at JFK and Newark. Shares of JBLU were trading higher by 4.69% at $4.564.

Read more at Yahoo Finance: JetBlue Posts Smaller-Than-Expected Loss As JetForward Strategy Gains Traction