JetBlue Airways Corporation (NASDAQ: JBLU) updated its second quarter 2026 financial guidance, citing strong travel demand and operational performance, according to a company statement.

The airline reported a completion factor of 99.8% for the quarter to date. JetBlue raised its revenue per available seat mile (RASM) guidance to 9.0%-12.0% year-over-year growth, up from its previous guidance of 7.0%-11.0%.

The company narrowed its available seat miles growth forecast to 2.0%-4.0% from the prior range of 1.5%-4.5%. JetBlue noted that routes previously operated by Spirit Airlines have shown strong performance following Spirit's shutdown.

Fuel costs are expected to be higher than previously anticipated due to rising Brent crude prices. The airline now projects fuel prices of $4.26-$4.36 per gallon, compared to its earlier guidance of $4.13-$4.28. JetBlue expects to recapture 40% or more of the increased fuel costs during the quarter.

Cost per available seat mile excluding fuel remains unchanged at 3.0%-5.0% year-over-year growth. The company reduced its capital expenditure guidance to approximately $225 million from $275 million.

JetBlue maintained its estimated effective tax rate of 6% for the second quarter, primarily reflecting a non-cash impact from a valuation allowance. The company indicated that current booking trends may continue into the third quarter, though it noted it remains early in that booking cycle.