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JetBlue Airways Corporation

JBLU Industrials Airlines

JetBlue Airways Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.1 billion, down 2.34% from fiscal 2024.

Revenue
+14.5%
EPS
−214.3%
Free cash flow
−4.95%
Total debt
+0.32%

Quarter to June 2026, against a year earlier

2.85 0.20 −6.56%
Market cap
$1.2B
P/E
0.0×
Fwd P/E
−1.1×
Dividend yield
—
F-score
4/9
Altman Z
0.52
Beneish M
−2.53
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.92
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 4 — 2 1 1 — —
Insider Ownership 13.41%

Capital & Financial Ratios $m

Size
Market Cap 1,150.00
Revenue ttm 9,503.00
Net income ttm (886.00)
Free cash flow ttm (1,179.00)
Net debt Q 6,446.00
Valuation
P/E 0.00
Forward P/E (1.07) (negative: loss-making)
Price / sales 0.11
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.68
Financial health
Current ratio Q 0.70 (below 1: weak)
Debt / equity Q 5.34 (above 2: weak)
Interest coverage Q (0.96)
Growth
Revenue growth Q +14.47% (above 0%: growing)
Operating income growth Q −2,450.00% (below 0%: shrinking)
EPS, this year −62.15% (below 0%: weak)
EPS, next year A +54.63% (at or above 15%: strong)
Revenue, next year A +16.21% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +86.90% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.8×; over the ten years it ranged from 0.4× in 2023 to 3.9× in 2021.
P/S against its own 10 years 0.22%
10-year low 10-year high
P/B against its own 10 years 13.88%
10-year low 10-year high
EV/Sales against its own 10 years 43.08%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,567 3,610 2,259 2,032
Receivables 336 348 372 434
Inventory 109 158 193 304
Other — — — —
2,160 4,258 3,238 3,157
2023 2024 2025 Q'26
Payables 641 619 655 674
ST’ Debt 307 392 769 477
Other — — — —
3,628 3,881 4,402 4,534

Compound Annual Growth %

10y 5y 3y
Sales 3.51% 25.10% (0.35%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (4.06%) (11.71%) (15.89%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate −0.55 Actual −0.60

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.45 −0.49 Miss by 0.04
Q1 FY26 −0.72 −0.87 Miss by 0.15
Q2 FY26 −0.70 −0.66 Beat by 0.04
Q3 FY26 −0.55 −0.60 Miss by 0.05
Q4 FY26 −0.62 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.86) (0.66) — — —
’25 (0.59) (0.21) (0.39) (0.48) (1.66)
’24 (2.11) 0.07 (0.17) (0.13) (2.30)
’23 (0.58) 0.41 (0.46) (0.31) (0.93)
’22 (0.79) (0.58) 0.18 0.07 (1.12)
’21 (0.78) 0.20 0.40 (0.40) (0.57)
’20 (0.97) (1.18) (1.44) (1.34) (4.91)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,240 2,697 — — —
’25 2,140 2,356 2,322 2,244 9,062
’24 2,209 2,428 2,365 2,277 9,279
’23 2,328 2,610 2,353 2,324 9,615
’22 1,736 2,445 2,562 2,415 9,158
’21 733 1,499 1,972 1,833 6,037
’20 1,588 215 492 662 2,957
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 120 (155) — — —
’25 114 (115) (142) 49 (94)
’24 204 (14) (29) (17) 144
’23 405 258 (177) (86) 400
’22 247 52 22 58 379
’21 177 1,481 97 (113) 1,642
’20 124 99 (446) (460) (683)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (21) (318) — — —
’25 (73) (303) (354) (486) (1,216)
’24 (262) (465) (306) (442) (1,475)
’23 233 (27) (493) (519) (806)
’22 113 (153) (238) (266) (544)
’21 (40) 1,158 (166) (305) 647
’20 (243) 32 (608) (655) (1,474)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 6,584 7,012 7,658 8,094 2,957 6,037 9,158 9,615 9,279 9,062 9,503 +3.6% 10,531 11,492 12,163 +10.3%
Gross margin, % 68.04 63.99 59.65 62.45 48.77 53.80 51.53 55.86 59.89 60.49 57.16 (7.6) pt
EBT 1,164 918 219 768 (1,893) (263) (437) (334) (897) (774) (1,016) n/m
EBT margin, % 17.68 13.09 2.86 9.49 (64.02) (4.36) (4.77) (3.47) (9.67) (8.54) (10.69) (26.2) pt
Net income 727 1,140 189 569 (1,354) (182) (362) (310) (795) (602) (886) n/m
Per share, $
Per share, $ Revenue 20.17 21.33 24.47 27.29 10.66 18.98 28.30 28.88 26.82 25.03 25.28 +2.4%
Earnings 2.32 3.49 0.60 1.92 (4.91) (0.57) (1.12) (0.93) (2.30) (1.66) (2.39) n/m
Cash flow 5.00 4.20 3.84 4.89 (2.46) 5.16 1.17 1.20 0.42 (0.26) (0.34) n/m
Capex (3.10) (3.66) (3.56) (3.90) (2.85) (3.13) (2.85) (3.62) (4.68) (3.10) (2.80) 0.0%
Free cash flow 1.90 0.54 0.27 0.99 (5.31) 2.03 (1.68) (2.42) (4.26) (3.36) (3.14) n/m
Book value 12.29 14.40 14.97 16.18 14.24 12.10 11.01 10.02 7.63 5.85 4.22 (7.9%)
Shares, m 327 329 313 297 278 318 324 333 346 362 368 +1.2%
Valuation, ×
Valuation, × P/E 9.73 6.34 26.33 9.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.2
P/S 1.11 1.05 0.66 0.69 1.36 0.75 0.23 0.18 0.29 0.18 0.11 0.7
P/B 1.82 1.55 1.07 1.16 1.02 1.18 0.59 0.53 1.03 0.78 0.68 1.1
EV/Sales 1.17 1.12 0.76 0.81 1.98 0.94 0.48 0.51 0.82 0.87 0.79 0.9
EV/FCF 12.44 44.42 67.54 22.38 (3.97) 8.80 (8.01) (6.08) (5.19) (6.49) (6.38) 12.6
Cash, $m
Cash, $m Operating cash flow 1,632 1,379 1,200 1,449 (683) 1,642 379 400 144 (94) (128) n/m
Capex (1,011) (1,202) (1,114) (1,156) (791) (995) (923) (1,206) (1,619) (1,122) (1,051) +1.2%
Free cash flow 621 177 86 293 (1,474) 647 (544) (806) (1,475) (1,216) (1,179) n/m
Balance, $m
Balance, $m Working capital (811) (940) (1,137) (877) 671 (172) (1,832) (1,468) 377 (1,164) (1,377) +4.1%
Net debt 413 506 783 1,006 1,810 1,164 2,255 3,149 4,929 6,239 6,446 +35.2%
Shareholders’ equity 4,013 4,732 4,685 4,799 3,951 3,849 3,563 3,337 2,641 2,120 1,587 (6.8%)
Returns, %
Returns, % ROA 8.09 11.93 1.82 4.97 (10.69) (1.35) (2.71) (2.31) (5.18) (3.60) (5.33) (11.7) pt
ROIC 17.79 11.61 3.04 8.61 (18.59) (1.00) (3.20) (2.22) (5.65) (2.75) (4.40) (20.5) pt
ROE 20.13 26.07 4.01 12.00 (30.95) (4.67) (9.77) (8.99) (26.60) (25.29) (44.36) (45.4) pt
People
People Employees 18,406 19,978 20,892 21,569 20,742 19,466 20,901 23,388 22,793 22,087 — +2.0%
Revenue/emp, $m 0.36 0.35 0.37 0.38 0.14 0.31 0.44 0.41 0.41 0.41 — +1.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

JetBlue Airways Corporation vs peers in Airlines (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ALK Alaska Air Group, Inc. $4.0B — (loss-making) — (loss-making) +9.75% (above 0%: growing) n/m −14.61% (below 0%: shrinking) 100.00% (4.13%) Compare
SKYW SkyWest, Inc. $3.8B 8.0× 7.7× +6.52% (above 0%: growing) −14.43% (below 0%: shrinking) +122.47% (above 0%: growing) 69.52% 14.13% Compare
AERO Grupo Aeromexico SAB DE CV - Sponsored ADR $2.1B 7.8× 71.2× +6.26% (above 0%: growing) n/m +81.61% (above 0%: growing) 66.60% 4.53% Compare
ALGT Allegiant Travel Company $2.0B 50.1× 47.8× +36.86% (above 0%: growing) n/m −610.56% (below 0%: shrinking) 24.77% 2.24% Compare
ULCC Frontier Group Holdings, Inc. $1.5B — (loss-making) — (loss-making) +37.67% (above 0%: growing) n/m +183.13% (above 0%: growing) 24.71% (7.58%) Compare
JBLU JetBlue Airways Corporation $1.2B — (loss-making) — (loss-making) +14.47% (above 0%: growing) n/m −4.95% (below 0%: shrinking) 51.32% (5.23%)
RJET Republic Airways Holdings Inc. $935.0M — (loss-making) 1.3× +44.66% (above 0%: growing) −1.89% (below 0%: shrinking) +184.09% (above 0%: growing) 76.12% 10.28% Compare
AZUL Azul S.A. - Sponsored ADR $773.6M — (loss-making) — +23.24% (above 0%: growing) n/m −179.01% (below 0%: shrinking) 41.18% (3.19%) Compare
VLRS Controladora Vuela Compania de Aviacion, S.A.B. de C.V. $712.7M — (loss-making) — +23.95% (above 0%: growing) n/m +100.00% (above 0%: growing) 59.60% (11.53%) Compare
Median of peers $1.7B 8.0× 27.8× +23.60% — +90.81% 63.10% (0.47%)

All 19 Airlines stocks →

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.19m 971.22k 31.00

Ownership

Directors and executive officers, together 2.41%
BlackRock Inc. 11.53%
Vladimir Galkin and Angelica Galkin 9.30%
Icahn Capital LP 9.04%
The Vanguard Group 8.59%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

JetBlue Airways Corporation (JBLU) Latest News

30 Oct

Impact 3 · · Simply Wall St.

28 Oct

Impact 4 · · Proactive Investors
Impact 4 · · TheStreet
Impact 4 · · Zacks
Impact 4 · · customerexperiencedive.com
Impact 3 · · Trefis
Impact 3 · · Simply Wall St.

27 Oct

Impact 4 · · The Motley Fool
Impact 4 · · Stocktwits
Impact 4 · · Bloomberg
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 4 ·
Impact 4 · · The Motley Fool
Impact 4 · · 24/7 Wall St.
Impact 4 ·
Impact 4 · · InvestorsHub

26 Oct

Impact 4 · · The Motley Fool
Impact 4 · · Investing.com
Impact 4 · · Business Wire earnings
Impact 4 · · Investing.com
Impact 4 · · 24/7 Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press

25 Oct

Impact 4 · · TheStreet
Impact 3 · · Moneywise

24 Oct

Impact 3 · · TheStreet
stockrow.com/JBLU · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com