NASDAQ : JBLU
JetBlue Airways Corporation — Financial statements
Industrials · Airlines · United States
Last price 3.05 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.15B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
JetBlue Airways Corporation (JBLU) reported revenue of 9.99B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 9.19B | 8.34B | 8.62B | 9.01B | 8.59B | 5.61B |
| Other Revenue | 806.00M | 726.00M | 662.00M | 607.00M | 572.00M | 428.00M |
| Revenue | 9.99B | 9.06B | 9.28B | 9.62B | 9.16B | 6.04B |
| Cost of Revenue | 8.00B | 7.03B | 6.99B | 7.30B | 7.19B | 5.15B |
| Gross Profit | 1.99B | 2.03B | 2.29B | 2.32B | 1.97B | 890.00M |
| Selling, General & Admin | 332.00M | 305.00M | 328.00M | 316.00M | 289.00M | 183.00M |
| Other Operating Expenses | 1.51B | 1.37B | 1.40B | 1.41B | 1.28B | 1.08B |
| Operating Expenses | 2.56B | 2.37B | 2.39B | 2.35B | 2.16B | 1.80B |
| Operating Income | -575.00M | -338.00M | -93.00M | -33.00M | -185.00M | -913.00M |
| Interest Expense | -583.00M | -579.00M | -350.00M | -191.00M | -148.00M | -192.00M |
| Interest & Investment Income | 83.00M | 127.00M | 111.00M | 70.00M | 21.00M | 17.00M |
| Other Non Operating Income (Expenses) | 9.00M | 28.00M | 31.00M | 8.00M | -3.00M | -55.00M |
| EBT Excluding Unusual Items | -1.07B | -762.00M | -301.00M | -146.00M | -315.00M | -1.14B |
| Merger & Restructuring Charges | -1.00M | -28.00M | -549.00M | -92.00M | -28.00M | |
| Gain (Loss) on Sale of Investments | 10.00M | 18.00M | -27.00M | 9.00M | -9.00M | 47.00M |
| Asset Writedown | -15.00M | -52.00M | ||||
| Legal Settlements | -33.00M | |||||
| Other Unusual Items | -2.00M | -5.00M | -105.00M | -33.00M | 833.00M | |
| Pretax Income | -1.09B | -774.00M | -897.00M | -334.00M | -437.00M | -263.00M |
| Income Tax Expense | -90.00M | -172.00M | -102.00M | -24.00M | -75.00M | -81.00M |
| Net Income | -1.00B | -602.00M | -795.00M | -310.00M | -362.00M | -182.00M |
| Net Income to Common | -1.00B | -602.00M | -795.00M | -310.00M | -362.00M | -182.00M |
| Shares Outstanding (Basic) | 373.35M | 362.10M | 346.00M | 332.90M | 323.60M | 318.00M |
| Shares Outstanding (Diluted) | 373.35M | 362.10M | 346.00M | 332.90M | 323.60M | 318.00M |
| EPS (Basic) | -2.68 | -1.66 | -2.30 | -0.93 | -1.12 | -0.57 |
| EPS (Diluted) | -2.68 | -1.66 | -2.30 | -0.93 | -1.12 | -0.57 |
| Free Cash Flow | -1.19B | -1.22B | -1.48B | -806.00M | -544.00M | 647.00M |
| Free Cash Flow Per Share | -3.19 | -3.36 | -4.26 | -2.42 | -1.68 | 2.04 |
| Gross Margin | 19.90% | 22.39% | 24.72% | 24.09% | 21.53% | 14.74% |
| Operating Margin | -5.75% | -3.73% | -1.00% | -0.34% | -2.02% | -15.12% |
| Profit Margin | -10.01% | -6.64% | -8.57% | -3.22% | -3.95% | -3.02% |
| Free Cash Flow Margin | -11.94% | -13.42% | -15.90% | -8.38% | -5.94% | 10.72% |
| EBITDA | 83.00M | 284.00M | 490.00M | 526.00M | 349.00M | -418.00M |
| EBITDA Margin | 0.83% | 3.13% | 5.28% | 5.47% | 3.81% | -6.92% |
| D&A For EBITDA | 658.00M | 622.00M | 583.00M | 559.00M | 534.00M | 495.00M |
| EBIT | -575.00M | -338.00M | -93.00M | -33.00M | -185.00M | -913.00M |
| EBIT Margin | -5.75% | -3.73% | -1.00% | -0.34% | -2.02% | -15.12% |
| Revenue as Reported | 9.99B | 9.06B | 9.28B | 9.62B | 9.16B | 6.04B |
| Advertising Expenses | 76.00M | 79.00M | 66.00M | 59.00M | 45.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.26B | 1.95B | 1.92B | 1.17B | 1.04B | 2.02B |
| Short-Term Investments | 251.00M | 213.00M | 1.69B | 401.00M | 350.00M | 824.00M |
| Cash & Short-Term Investments | 1.51B | 2.16B | 3.61B | 1.57B | 1.39B | 2.84B |
| Receivables | 403.00M | 372.00M | 348.00M | 336.00M | 317.00M | 207.00M |
| Inventory | 356.00M | 193.00M | 158.00M | 109.00M | 87.00M | 74.00M |
| Prepaid Expenses | 351.00M | 276.00M | 109.00M | 144.00M | 117.00M | 122.00M |
| Restricted Cash | 9.00M | 100.00M | ||||
| Other Current Assets | 165.00M | 138.00M | 33.00M | 4.00M | 3.00M | |
| Total Current Assets | 2.79B | 3.24B | 4.26B | 2.16B | 1.92B | 3.25B |
| Property, Plant & Equipment | 11.97B | 11.88B | 10.89B | 9.88B | 9.39B | 9.21B |
| Long-Term Investments | 337.00M | 529.00M | 510.00M | 316.00M | 210.00M | 71.00M |
| Other Intangible Assets | 335.00M | 415.00M | 399.00M | 349.00M | 298.00M | 299.00M |
| Other Long-Term Assets | 535.00M | 506.00M | 783.00M | 1.15B | 1.23B | 821.00M |
| Total Assets | 15.97B | 16.57B | 16.84B | 13.85B | 13.04B | 13.64B |
| Accounts Payable | 633.00M | 655.00M | 619.00M | 641.00M | 532.00M | 499.00M |
| Accrued Expenses | 1.28B | 1.23B | 1.21B | 1.10B | 984.00M | 839.00M |
| Current Portion of Long-Term Debt | 482.00M | 690.00M | 377.00M | 307.00M | 552.00M | 354.00M |
| Current Portion of Leases | 101.00M | 158.00M | 108.00M | 117.00M | 99.00M | 107.00M |
| Current Unearned Revenue | 1.93B | 1.67B | 1.57B | 1.46B | 1.58B | 1.62B |
| Total Current Liabilities | 4.42B | 4.40B | 3.88B | 3.63B | 3.75B | 3.42B |
| Long-Term Debt | 5.48B | 5.26B | 5.83B | 2.76B | 2.75B | 3.30B |
| Long-Term Leases | 3.28B | 3.31B | 2.83B | 2.20B | 980.00M | 1.04B |
| Long-Term Unearned Revenue | 773.00M | 704.00M | 653.00M | 740.00M | 738.00M | 640.00M |
| Long-Term Deferred Tax Liabilities | 386.00M | 447.00M | 633.00M | 743.00M | 770.00M | 843.00M |
| Other Long-Term Liabilities | 283.00M | 329.00M | 376.00M | 449.00M | 494.00M | 552.00M |
| Total Liabilities | 14.63B | 14.45B | 14.20B | 10.52B | 9.48B | 9.79B |
| Common Stock | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M |
| Additional Paid-In Capital | 3.46B | 3.41B | 3.32B | 3.22B | 3.13B | 3.05B |
| Retained Earnings | -106.00M | 717.00M | 1.32B | 2.11B | 2.42B | 2.79B |
| Treasury Stock | -2.02B | -2.01B | -2.00B | -2.00B | -2.00B | -1.99B |
| Comprehensive Income & Other | 1.00M | -1.00M | 2.00M | -4.00M | ||
| Shareholders' Equity | 1.34B | 2.12B | 2.64B | 3.34B | 3.56B | 3.85B |
| Total Liabilities & Equity | 15.97B | 16.57B | 16.84B | 13.85B | 13.04B | 13.64B |
| Total Debt | 9.35B | 9.42B | 9.14B | 5.38B | 4.38B | 4.80B |
| Net Cash (Debt) | -7.84B | -7.26B | -5.53B | -3.81B | -2.99B | -1.96B |
| Net Cash Per Share | -20.99 | -20.04 | -15.99 | -11.45 | -9.24 | -6.16 |
| Filing Date Shares Outstanding | 377.35M | 370.12M | 353.00M | 339.28M | 327.27M | 320.19M |
| Total Common Shares Outstanding | 377.35M | 370.00M | 353.00M | 340.00M | 327.00M | 320.00M |
| Working Capital | -1.63B | -1.16B | 377.00M | -1.47B | -1.83B | -172.00M |
| Book Value Per Share | 3.54 | 5.73 | 7.48 | 9.81 | 10.90 | 12.03 |
| Tangible Book Value | 1.00B | 1.71B | 2.24B | 2.99B | 3.27B | 3.55B |
| Tangible Book Value Per Share | 2.66 | 4.61 | 6.35 | 8.79 | 9.98 | 11.09 |
| Machinery | 15.38B | 14.96B | 14.10B | 12.80B | 11.73B | 11.16B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.00B | -602.00M | -795.00M | -310.00M | -362.00M | -182.00M |
| Depreciation & Amortization | 658.00M | 622.00M | 583.00M | 559.00M | 534.00M | 495.00M |
| Other Amortization | 66.00M | 66.00M | 72.00M | 62.00M | 51.00M | 45.00M |
| Loss (Gain) From Sale of Assets | -62.00M | -99.00M | -17.00M | |||
| Loss (Gain) From Sale of Investments | -2.00M | -2.00M | 21.00M | 12.00M | -49.00M | |
| Stock-Based Compensation | 35.00M | 40.00M | 39.00M | 39.00M | 30.00M | 28.00M |
| Other Operating Activities | -101.00M | -183.00M | 318.00M | -27.00M | -21.00M | -38.00M |
| Change in Accounts Receivable | -22.00M | -22.00M | 4.00M | -3.00M | -111.00M | -46.00M |
| Change in Inventory | -63.00M | -63.00M | 2.00M | 67.00M | 201.00M | 138.00M |
| Change in Accounts Payable | 36.00M | 36.00M | -28.00M | 141.00M | 26.00M | 806.00M |
| Change in Unearned Revenue | 116.00M | 116.00M | -10.00M | -145.00M | 30.00M | 447.00M |
| Change in Other Net Operating Assets | 115.00M | -3.00M | -45.00M | 17.00M | -11.00M | -2.00M |
| Operating Cash Flow | -224.00M | -94.00M | 144.00M | 400.00M | 379.00M | 1.64B |
| Capital Expenditures | -969.00M | -1.12B | -1.62B | -1.21B | -923.00M | -995.00M |
| Cash Acquisitions | -22.00M | -131.00M | -297.00M | |||
| Investment in Securities | 119.00M | 1.50B | -1.46B | -42.00M | 321.00M | 296.00M |
| Other Investing Activities | 286.00M | 277.00M | 22.00M | 1.00M | -9.00M | -5.00M |
| Investing Cash Flow | -651.00M | 658.00M | -3.08B | -1.38B | -908.00M | -704.00M |
| Long-Term Debt Issued | 4.46B | 1.41B | 1.01B | |||
| Total Debt Issued | 495.00M | 4.46B | 1.41B | 1.01B | ||
| Long-Term Debt Repaid | -461.00M | -748.00M | -347.00M | -369.00M | -1.89B | |
| Total Debt Repaid | -780.00M | -461.00M | -748.00M | -347.00M | -369.00M | -1.89B |
| Net Debt Issued (Repaid) | -285.00M | -461.00M | 3.71B | 1.06B | -369.00M | -882.00M |
| Issuance of Common Stock | 41.00M | 52.00M | 60.00M | 53.00M | 52.00M | 46.00M |
| Repurchase of Common Stock | -8.00M | -8.00M | -6.00M | -4.00M | -6.00M | -8.00M |
| Other Financing Activities | -4.00M | -37.00M | 14.00M | |||
| Financing Cash Flow | -252.00M | -417.00M | 3.77B | 1.11B | -360.00M | -830.00M |
| Net Cash Flow | -1.13B | 147.00M | 831.00M | 129.00M | -889.00M | 108.00M |
| Free Cash Flow | -1.19B | -1.22B | -1.48B | -806.00M | -544.00M | 647.00M |
| Free Cash Flow Margin | -11.94% | -13.42% | -15.90% | -8.38% | -5.94% | 10.72% |
| Free Cash Flow Per Share | -3.19 | -3.36 | -4.26 | -2.42 | -1.68 | 2.04 |
| Levered Free Cash Flow | -985.75M | -1.24B | -1.06B | -648.00M | -496.12M | -383.62M |
| Unlevered Free Cash Flow | -621.38M | -878.25M | -846.12M | -528.62M | -403.62M | -263.62M |
| Cash Interest Paid | 180.00M | |||||
| Cash Income Tax Paid | -2.00M | 2.00M | -49.00M | -45.00M | 3.00M | |
| Change in Working Capital | 182.00M | 64.00M | -77.00M | 77.00M | 135.00M | 1.34B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.08B | 1.65B | 2.73B | 1.85B | 2.10B | 4.53B |
| Enterprise Value | 8.91B | 8.46B | 7.56B | 5.14B | 4.55B | 6.21B |
| Last Close Price | 2.85 | 4.55 | 7.86 | 5.55 | 6.48 | 14.24 |
| Forward PE | 152.84 | 152.84 | 152.84 | 7.26 | 5.57 | |
| PS Ratio | 0.11 | 0.18 | 0.29 | 0.19 | 0.23 | 0.75 |
| PB Ratio | 0.80 | 0.78 | 1.03 | 0.55 | 0.59 | 1.18 |
| P/TBV Ratio | 1.07 | 0.97 | 1.22 | 0.62 | 0.64 | 1.28 |
| P/FCF Ratio | 7.00 | |||||
| P/OCF Ratio | 18.93 | 4.62 | 5.54 | 2.76 | ||
| PEG Ratio | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | |
| EV/Sales Ratio | 0.89 | 0.93 | 0.81 | 0.54 | 0.50 | 1.03 |
| EV/EBITDA Ratio | 107.38 | 29.78 | 15.43 | 9.78 | 13.05 | |
| EV/FCF Ratio | 9.59 | |||||
| Debt / Equity Ratio | 6.99 | 4.44 | 3.46 | 1.61 | 1.23 | 1.25 |
| Debt / EBITDA Ratio | 11.31 | 9.45 | 7.51 | 4.17 | 4.44 | 16.01 |
| Debt / FCF Ratio | 7.42 | |||||
| Net Debt / Equity Ratio | 5.86 | 3.42 | 2.10 | 1.14 | 0.84 | 0.51 |
| Net Debt / EBITDA Ratio | 94.42 | 25.55 | 11.29 | 7.25 | 8.57 | -4.69 |
| Net Debt / FCF Ratio | -6.57 | -5.97 | -3.75 | -4.73 | -5.50 | 3.03 |
| Asset Turnover | 0.61 | 0.54 | 0.60 | 0.71 | 0.69 | 0.45 |
| Inventory Turnover | 29.70 | 40.07 | 52.32 | 74.48 | 89.27 | 70.99 |
| Quick Ratio | 0.43 | 0.57 | 1.02 | 0.53 | 0.46 | 0.89 |
| Current Ratio | 0.63 | 0.74 | 1.10 | 0.59 | 0.51 | 0.95 |
| Return on Equity (ROE) | -55.45% | -25.29% | -26.60% | -8.98% | -9.77% | -4.67% |
| Return on Assets (ROA) | -2.21% | -1.26% | -0.38% | -0.15% | -0.87% | -4.22% |
| Return on Invested Capital (ROIC) | -6.34% | -3.85% | -1.21% | -0.48% | -2.99% | -14.68% |
| Return on Capital Employed (ROCE) | -5.00% | -2.80% | -0.70% | -0.30% | -2.00% | -8.90% |
| Earnings Yield | -94.07% | -36.38% | -29.16% | -16.76% | -17.25% | -4.02% |
| FCF Yield | -110.93% | -73.48% | -54.10% | -43.57% | -25.92% | 14.29% |
| Buyback Yield / Dilution | -4.35% | -4.65% | -3.94% | -2.87% | -1.76% | -14.59% |