JetBlue posted a third-quarter net loss of $257 million, wider than the $143 million loss a year earlier, as its fuel bill rose 61% to $868 million. CEO Joanna Geraghty said resilient demand and strong yields pushed revenue well above initial expectations, a momentum that has carried into the fourth quarter, while average fares rose more than 19% to $245.11. Shares jumped roughly 11% in after-hours trading Monday after falling to a new low, and the carrier ended the quarter with $2.2 billion in liquidity and $8.4 billion in total debt. The Wall Street Journal reported that a group of senior creditors is working with PJT Partners, while CFO Ursula Hurley said the company aims for at least $1 EPS and positive free cash flow in 2028. A judge blocked both the Spirit Airlines acquisition and the American Airlines partnership, and JetBlue now has a partnership with United Airlines.
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