A Business at a Glance
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JETBLUE AIRWAYS CORP
JBLU
$1.9B
Mkt Cap
$5.27
+5.61%
JETBLUE AIRWAYS CORP (JBLU) has a 5-year average return on invested capital (ROIC) of -5.2%. This is below average and may indicate limited pricing power.
JETBLUE AIRWAYS CORP (JBLU) has a market capitalization of $2.0B. It is classified as a small-cap stock.
JETBLUE AIRWAYS CORP (JBLU) does not currently pay a regular dividend.
JETBLUE AIRWAYS CORP (JBLU) operates in the Air Transportation, Scheduled industry, within the Industrials sector.
JETBLUE AIRWAYS CORP (JBLU) reported annual revenue of $9.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
JETBLUE AIRWAYS CORP (JBLU) has a net profit margin of -6.6%. The company is currently unprofitable.
JETBLUE AIRWAYS CORP (JBLU) generated $-1.2 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
JetBlue Airways Corporation is New York's Hometown Airline®. As of December 31, 2025, JetBlue served 112 destinations across the United States, the Caribbean and Latin America, Canada and Europe. JetBlue was incorporated in Delaware in August 1998 and commenced service on February 11, 2000. We believe our differentiated product and culture combined with our competitive cost structure enable us to compete effectively in the high-value geographies we serve. Looking to the future, we plan to continue to grow in our high-value geographies, invest in industry-leading products, and provide award-winning service by our 23,000 dedicated employees, whom we refer to as crewmembers. Going forward, we believe we will continue to differentiate ourselves from other airlines, enabling us to continue to attract a greater mix of customers, and to drive continued growth. We are focused on delivering solid results for our stockholders, our customers, and our crewmembers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 9.2B | 9.1B | 9.3B | 9.6B | 9.2B | 6.0B |
| Net Income | -713M | -602M | -795M | -310M | -362M | -182M |
| EPS | $-1.93 | $-1.66 | $-2.30 | $-0.93 | $-1.12 | $-0.57 |
| Free Cash Flow | -1.1B | -1.2B | -1.3B | -728M | -388M | 735M |
| ROIC | -4.1% | -5.8% | -8.6% | -4.3% | -5.1% | -2.3% |
| Gross Margin | - | 77.3% | 74.7% | 70.8% | 65.2% | 76.2% |
| Debt/Equity | 4.66 | 4.44 | 3.46 | 1.61 | 1.23 | 1.25 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -418M | -368M | -684M | -230M | -298M | -80M |
| Operating Margin | -4.6% | -4.1% | -7.4% | -2.4% | -3.3% | -1.3% |
| ROE | -39.4% | -25.3% | -26.6% | -9.0% | -9.8% | -4.7% |
| Shares Outstanding | 372M | 363M | 346M | 333M | 323M | 319M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 5.8B | 6.4B | 6.6B | 7.0B | 7.7B | 8.1B | 3.0B | 6.0B | 9.2B | 9.6B | 9.3B | 9.1B | 9.2B |
| Gross Margin | 67.1% | 79.0% | 30.0% | 23.9% | 75.2% | 77.2% | 78.7% | 76.2% | 65.2% | 70.8% | 74.7% | 77.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 231M | 264M | 263M | 271M | 294M | 290M | 110M | 183M | 289M | 316M | 328M | 305M | 307M |
| EBIT | 515M | 1.2B | 1.3B | 973M | 266M | 800M | -1.7B | -80M | -298M | -230M | -684M | -368M | -418M |
| Op. Margin | 8.9% | 19.0% | 19.0% | 13.9% | 3.5% | 9.9% | -58.0% | -1.3% | -3.3% | -2.4% | -7.4% | -4.1% | -4.6% |
| Net Income | 401M | 677M | 727M | 1.1B | 189M | 569M | -1.4B | -182M | -362M | -310M | -795M | -602M | -713M |
| Net Margin | 6.9% | 10.6% | 11.0% | 16.3% | 2.5% | 7.0% | -45.8% | -3.0% | -4.0% | -3.2% | -8.6% | -6.6% | -7.8% |
| Non-Recurring | 241M | 0 | 0 | 0 | 319M | 0 | 273M | 0 | 0 | 0 | 34M | 127M | 127M |
| Returns on Capital | |||||||||||||
| ROIC | 8.0% | 18.3% | 18.3% | 20.1% | 4.3% | 9.8% | -17.9% | -2.3% | -5.1% | -4.3% | -8.6% | -5.8% | -4.1% |
| ROE | 17.2% | 23.6% | 20.1% | 26.1% | 4.0% | 12.0% | -30.9% | -4.7% | -9.8% | -9.0% | -26.6% | -25.3% | -39.4% |
| ROA | 5.3% | 8.2% | 8.1% | 11.9% | 1.8% | 5.0% | -10.7% | -1.3% | -2.7% | -2.3% | -5.2% | -3.6% | -4.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 912M | 1.6B | 1.6B | 1.4B | 1.2B | 1.4B | -683M | 1.6B | 379M | 400M | 144M | -94M | -88M |
| Free Cash Flow | 182M | 761M | 782M | 305M | 292M | 517M | -1.4B | 735M | -388M | -728M | -1.3B | -1.2B | -1.1B |
| Owner Earnings | 572M | 1.2B | 1.2B | 926M | 703M | 893M | -1.2B | 1.1B | -236M | -260M | -550M | -822M | -828M |
| CapEx | 730M | 837M | 850M | 1.1B | 908M | 932M | 715M | 907M | 767M | 1.1B | 1.5B | 1.1B | 1.0B |
| Maint. CapEx | 320M | 345M | 393M | 424M | 469M | 525M | 535M | 540M | 585M | 621M | 655M | 688M | 699M |
| Growth CapEx | 410M | 492M | 457M | 650M | 439M | 407M | 180M | 367M | 182M | 507M | 823M | 390M | 329M |
| D&A | 320M | 345M | 393M | 424M | 469M | 525M | 535M | 540M | 585M | 621M | 655M | 688M | 699M |
| CapEx/OCF | 80.0% | 52.4% | 52.1% | 76.9% | 75.7% | 64.3% | N/A | 55.2% | 202.4% | 282.0% | 1026.4% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 13M | 227M | 120M | 380M | 375M | 535M | 160M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 20M | 20M | 23M | 29M | 28M | 31M | 28M | 28M | 30M | 39M | 39M | 40M | 41M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 1.0B | 1.9B | 369M | 347M | 748M | 461M | 461M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.5B | 951M | 413M | 506M | 783M | 1.8B | 3.7B | 2.0B | 3.0B | 3.8B | 5.5B | 7.3B | 6.3B |
| Cash & Equiv. | 341M | 318M | 433M | 303M | 474M | 959M | 1.9B | 2.0B | 1.0B | 1.2B | 1.9B | 1.9B | 2.2B |
| Long-Term Debt | 2.0B | 1.4B | 1.2B | 1.0B | 1.4B | 2.0B | 4.4B | 3.7B | 3.1B | 4.4B | 8.1B | 7.7B | 7.7B |
| Debt/Equity | 0.88 | 0.57 | 0.34 | 0.25 | 0.36 | 0.66 | 1.70 | 1.25 | 1.23 | 1.61 | 3.46 | 4.44 | 4.66 |
| Interest Coverage | 19.8 | 48.6 | 50.4 | 243.3 | 88.7 | 266.7 | -857.0 | -13.3 | -42.6 | -32.9 | -1.9 | -0.6 | -0.6 |
| Equity | 2.5B | 3.2B | 4.0B | 4.7B | 4.7B | 4.8B | 4.0B | 3.8B | 3.6B | 3.3B | 2.6B | 2.1B | 1.8B |
| Total Assets | 7.8B | 8.6B | 9.3B | 9.8B | 11.0B | 11.9B | 13.4B | 13.6B | 13.0B | 13.9B | 16.8B | 16.6B | 16.6B |
| Total Liabilities | 5.3B | 5.4B | 5.4B | 5.0B | 6.3B | 7.1B | 9.5B | 9.8B | 9.5B | 10.5B | 14.2B | 14.4B | 427M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 241M | 261M | 299M | 298M | 349M | 399M | 415M | 333M |
| Retained Earnings | 1.0B | 1.7B | 2.4B | 3.5B | 3.8B | 4.3B | 3.0B | 2.8B | 2.4B | 2.1B | 1.3B | 717M | 398M |
| Working Capital | -736M | -902M | -811M | -940M | -1.1B | -877M | 671M | -172M | -1.8B | -1.5B | 377M | -1.2B | -1.4B |
| Current Assets | 1.2B | 1.4B | 1.4B | 1.2B | 1.4B | 1.8B | 3.3B | 3.2B | 1.9B | 2.2B | 4.3B | 3.2B | 3.4B |
| Current Liabilities | 1.9B | 2.3B | 2.2B | 2.1B | 2.5B | 2.7B | 2.7B | 3.4B | 3.7B | 3.6B | 3.9B | 4.4B | 4.8B |
| Per Share Data | |||||||||||||
| EPS | 1.19 | 1.98 | 2.13 | 3.45 | 0.60 | 1.91 | -4.88 | -0.57 | -1.12 | -0.93 | -2.30 | -1.66 | -1.93 |
| Owner EPS | 1.70 | 3.61 | 3.56 | 2.80 | 2.23 | 3.00 | -4.49 | 3.36 | -0.73 | -0.78 | -1.59 | -2.27 | -2.23 |
| Book Value | 7.51 | 9.39 | 11.76 | 14.32 | 14.87 | 16.11 | 14.24 | 12.05 | 11.02 | 10.01 | 7.64 | 5.85 | 4.87 |
| Cash Flow/Share | 2.71 | 4.67 | 4.78 | 4.17 | 3.81 | 4.86 | -2.46 | 5.14 | 1.17 | 1.20 | 0.42 | -0.26 | -0.04 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 337.0M | 341.9M | 341.3M | 330.4M | 315.0M | 297.9M | 277.5M | 319.3M | 323.2M | 333.3M | 345.7M | 362.7M | 372.0M |
| Valuation | |||||||||||||
| P/E Ratio | 13.2 | 11.8 | 9.9 | 6.6 | 26.7 | 9.9 | N/A | N/A | N/A | N/A | N/A | N/A | -2.7 |
| P/FCF | 29.0 | 10.5 | 9.6 | 24.4 | 17.3 | 10.9 | N/A | 6.4 | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 13.7 | 7.7 | 6.2 | 8.2 | 23.1 | 8.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.1 | 2.5 | 1.9 | 1.6 | 1.1 | 1.2 | 1.0 | 1.2 | 0.6 | 0.6 | 1.0 | 0.8 | 1.1 |
| Price/Sales | 0.6 | 1.1 | 1.0 | 1.0 | 0.8 | 0.7 | 1.2 | 0.9 | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 |
| FCF Yield | 3.4% | 9.6% | 10.4% | 4.1% | 5.8% | 9.2% | -34.0% | 15.7% | -19.4% | -37.8% | -49.5% | -68.9% | -56.9% |
| Market Cap | 5.3B | 8.0B | 7.5B | 7.4B | 5.0B | 5.6B | 4.1B | 4.7B | 2.0B | 1.9B | 2.7B | 1.7B | 2.0B |
| Avg. Price | 10.55 | 21.41 | 19.11 | 20.95 | 19.25 | 17.92 | 12.85 | 16.67 | 10.22 | 6.60 | 6.14 | 5.11 | 5.27 |
| Year-End Price | 15.68 | 23.29 | 22.03 | 22.54 | 16.00 | 18.89 | 14.81 | 14.68 | 6.19 | 5.78 | 7.80 | 4.69 | 5.27 |
JETBLUE AIRWAYS CORP passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 72.8%. At current prices, the estimated annualized return to fair value is +6.2%.
JETBLUE AIRWAYS CORP (JBLU) has a debt-to-equity ratio of 4.44. This indicates higher leverage, which may increase financial risk.
JETBLUE AIRWAYS CORP (JBLU) reported earnings per share (EPS) of $-1.66 in its most recent fiscal year.
JETBLUE AIRWAYS CORP (JBLU) has a return on equity (ROE) of -25.3%. A negative ROE may indicate losses or negative equity.
JETBLUE AIRWAYS CORP (JBLU) has a 5-year average gross margin of 72.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for JETBLUE AIRWAYS CORP (JBLU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
JETBLUE AIRWAYS CORP (JBLU) has a book value per share of $5.85, based on its most recent annual SEC filing.