JetBlue
JBLU Nasdaq· Passenger Airlines
Last close · Oct 26, 2026
$2.37
KIRA · Stoqly’s AI analyst, in plain words
- JetBlue had $9.1B of revenue in fiscal 2025, down 2.3% on the year before. Over five years, revenue changed +25.1% a year on average.
- Its operating margin was −4.1%, up 3.3 pts: of every 100 in sales, about −4 is left after running the business.
- JetBlue lost $602M in fiscal 2025.
- Free cash flow was −$1.2B in fiscal 2025, −12.9% of revenue.
- JetBlue returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 4.7%.
- JetBlue owes $6.3B more than it holds in cash, about 19.8 years of operating profit.
Market cap
$891M
P/E
—
Revenue
$9.1B
Net income
−$602M
Free cash flow
−$1.2B
Operating margin
−4.1%
JetBlue in 30 seconds · fiscal 2025
Are sales growing?
−2.3%
No. Sales fell 2.3% last year.
Does it make a profit?
−6.6%
No. It lost money last year.
Does profit turn into cash?
−12.9%
No. It spent more cash than it brought in.
Is debt under control?
19.8x
Heavy. Repaying its debt would take 19.8 years of operating profit.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
What JetBlue does
JetBlue is an airline. As of December 31, 2025, it served 112 destinations across the United States, the Caribbean and Latin America, Canada and Europe. Customers choose among three experiences: the core experience; EvenMore, which adds extra legroom, early boarding and other perks; and Mint, a lie-flat premium service on select coast-to-coast, Caribbean and Latin American routes and all transatlantic flights. All fares include a free carry-on bag, seatback entertainment, high-speed Wi-Fi and snacks. JetBlue mostly flies point to point, with 95% of its routes touching at least one of six focus cities: the New York metropolitan area, Boston, Fort Lauderdale-Hollywood, Orlando, Los Angeles and San Juan. It sells most tickets on its own website, which it calls its lowest-cost channel, and also through travel agents and the booking systems they use.
Biggest risks, in its own words
- Its heavy dependence on the New York market, where more competition, congestion, weaker demand or government cuts to its capacity at JFK could hurt...
- Keeping its planes in the air for long hours holds costs down but leaves it exposed to delays and cancellations.
- Swings in the price and supply of fuel, which is one of its largest expenses.
- Its reliance on a limited number of suppliers for its aircraft, engines and Fly-Fi internet service.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- JETBLUE AIRWAYS CORP
- CIK
- 0001158463
JetBlue · JBLU
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $6.0B | $9.2B | $9.6B | $9.3B | $9.1B |
| Revenue growth | 104.2% | 51.7% | 5.0% | −3.5% | −2.3% |
| Operating margin | −1.3% | −3.3% | −2.4% | −7.4% | −4.1% |
| Net income | −$182M | −$362M | −$310M | −$795M | −$602M |
| Net margin | −3.0% | −4.0% | −3.2% | −8.6% | −6.6% |
| Diluted EPS | −$0.57 | −$1.12 | −$0.93 | −$2.30 | −$1.66 |
| Cash | |||||
| Cash from operations | $1.6B | $379M | $400M | $144M | −$94.0M |
| Capital expenditure | $907M | $767M | $1.1B | $1.5B | $1.1B |
| Free cash flow | $735M | −$388M | −$728M | −$1.3B | −$1.2B |
| FCF margin | 12.2% | −4.2% | −7.6% | −14.4% | −12.9% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 14.6% | 1.8% | 2.9% | 3.9% | 4.7% |
| Debt and strength | |||||
| Cash and short-term investments | $2.8B | $1.4B | $1.6B | $3.6B | $2.2B |
| Debt incl. finance leases | $4.0B | $3.6B | $4.7B | $8.5B | $8.5B |
| Shareholders' equity | $3.8B | $3.6B | $3.3B | $2.6B | $2.1B |
| Net debt / EBITDA | 2.5x | 7.9x | 8.1x | — | 19.8x |
| Current ratio | 1.0x | 0.5x | 0.6x | 1.1x | 0.7x |
| Interest coverage | −13.3x | −1.8x | −1.1x | −1.9x | −0.6x |
| Returns and quality | |||||
| Return on capital | −1.2% | −4.4% | −3.0% | −7.7% | −3.6% |
| Return on equity | −4.7% | −9.8% | −9.0% | −26.6% | −25.3% |
| Piotroski F-score | 5 | 4 | 5 | 3 | 3 |
| Altman Z'' | 1.0 | −0.1 | 0.0 | 0.3 | −0.3 |
Insiders bought, 12 months
$0.2M
1 insider
Insiders sold, 12 months
$0.9M
6 insiders
Of sales under plans
53%
$0.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
JetBlue · JBLU
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| JetBlue JBLU | $891M | −2.3% | −4.1% | −12.9% | −3.6% | — | 3 |
| Alaska Air Group ALK | $3.9B | 21.3% | 2.1% | 6.6% | 2.9% | — | 5 |
| Southwest Airlines LUV | $21.2B | 2.1% | 1.5% | −3.0% | 3.7% | 20.9x | 7 |
| American Airlines Group AAL | $8.1B | 0.8% | 2.7% | −1.2% | 5.7% | — | 5 |
| United Airlines UAL | $33.0B | 3.5% | 8.0% | 4.3% | 15.3% | 9.2x | 6 |
KIRA
At $2.37 a share, the company is worth $891M.
JetBlue grew sales faster than 0 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001158463). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.