JetBlue Stock Is Up 22.2% in Three Months. Can the Rally Continue?

JetBlue Airways shares (JBLU) gained 22.2% over the past three months, supported by improving revenue trends and higher earnings estimates, but the stock’s rebound still faces constraints. The article cites a 3.4% rise over the past four weeks and notes a Momentum Score of A within Zacks Style Scores. In results, JetBlue’s second-quarter RASM increased 10.9% year over year while capacity rose 3.2%, indicating unit revenues advanced faster than seat miles. Earnings estimate revisions rose 7.7% over four weeks and 21.9% over 12 weeks, after a second-quarter earnings surprise, though JetBlue still reported a loss of 66 cents per share. The company forecasts third-quarter RASM up 12.5% to 16.5% with capacity up 3% to 6%, but fuel costs surged 80.7% to $911 million and leverage remains high, with a projected negative adjusted operating margin of 2% to 5% for 2026.