JBLU

MKT CAP:$2B

JetBlue Airways Corporation

Market Cap

$2B

Industrials·Airlines, Airports & Air Services·🇺🇸 United States·NASDAQ

Industrials·Airlines,·🇺🇸·NASDAQ

Stock Price

$5.08+$0.49 (+10.68%)

Apr 22, 2026

Company Details

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and ...

CEO

Joanna L. Geraghty

IPO Date

Apr 12, 2002

Website

www.jetblue.com

Key Metrics TTM

Revenue

$9.1B

-2.3% YoY

Net Income

-$602M

EPS (Diluted)

-$1.66

Free Cash Flow

-$1.0B

Revenue / Share

$24.59

Gross Margin

33.9%

Operating Margin

-4.1%

Net Margin

-6.6%

FCF Margin

-11.2%

P/S

0.2x

P/E

—

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 12, 2026

$9.1B-2.3%EPS -$1.66

Q4 2025

Feb 12, 2026

$2.2B-1.4%EPS -$0.48

Q3 2025

Oct 28, 2025

$2.3B-1.8%EPS -$0.39

Q2 2025

Jul 29, 2025

$2.4B-3.0%EPS -$0.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.7B	$167M	-$367M
Q2 22	$2.4B	$502M	-$113M
Q3 22	$2.6B	$723M	$139M
Q4 22	$2.4B	$664M	$43M
Q1 23	$2.3B	$434M	-$242M
Q2 23	$2.6B	$850M	$235M
Q3 23	$2.4B	$485M	-$156M
Q4 23	$2.3B	$548M	-$67M
Q1 24	$2.2B	$437M	-$719M
Q2 24	$2.4B	$666M	$57M
Q3 24	$2.4B	$597M	-$38M
Q4 24	$2.3B	$594M	$16M
Q1 25	$2.1B	$397M	-$174M
Q2 25	$2.4B	$611M	$6M
Q3 25	$2.3B	$1.0B	-$100M
Q4 25	$2.2B	$1.0B	-$100M

Valuation

Quarter	P/S	P/E
Q1 22	0.3x	—
Q2 22	0.2x	—
Q3 22	0.2x	—
Q4 22	0.2x	—
Q1 23	0.2x	—
Q2 23	0.2x	72.5x
Q3 23	0.2x	—
Q4 23	0.2x	—
Q1 24	0.2x	—
Q2 24	0.2x	—
Q3 24	0.2x	—
Q4 24	0.2x	—
Q1 25	0.2x	—
Q2 25	0.2x	—
Q3 25	0.2x	—
Q4 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$247M	$113M
Q2 22	$52M	-$153M
Q3 22	$22M	-$238M
Q4 22	$58M	-$266M
Q1 23	$405M	$233M
Q2 23	$258M	-$27M
Q3 23	-$177M	-$493M
Q4 23	-$86M	-$519M
Q1 24	$204M	-$262M
Q2 24	-$14M	-$465M
Q3 24	-$29M	-$314M
Q4 24	-$17M	-$434M
Q1 25	$114M	-$63M
Q2 25	-$115M	-$234M
Q3 25	-$142M	-$423M
Q4 25	$49M	-$296M

Capital Expenditures

Quarter	CapEx
Q1 22	$134M
Q2 22	$205M
Q3 22	$260M
Q4 22	$324M
Q1 23	$172M
Q2 23	$285M
Q3 23	$316M
Q4 23	$433M
Q1 24	$466M
Q2 24	$451M
Q3 24	$285M
Q4 24	$417M
Q1 25	$177M
Q2 25	$119M
Q3 25	$281M
Q4 25	$345M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+136.8%	+104.8%
Q2 22	+63.1%	+89.2%
Q3 22	+29.9%	+35.7%
Q4 22	+31.7%	+21.5%
Q1 23	+34.1%	+22.2%
Q2 23	+6.7%	-7.2%
Q3 23	-8.2%	+3.5%
Q4 23	-3.7%	+0.8%
Q1 24	-5.1%	+13.9%
Q2 24	-7.0%	-0.2%
Q3 24	+0.5%	-4.2%
Q4 24	-2.1%	-5.5%
Q1 25	-3.1%	-21.0%
Q2 25	-3.0%	-0.9%
Q3 25	-1.8%	+0.8%
Q4 25	-1.4%	+3.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$11M	0.6%
Q2 22	$7M	0.3%
Q3 22	$7M	0.3%
Q4 22	$5M	0.2%
Q1 23	$10M	0.4%
Q2 23	$12M	0.5%
Q3 23	$9M	0.4%
Q4 23	$8M	0.3%
Q1 24	$12M	0.5%
Q2 24	$9M	0.4%
Q3 24	$9M	0.4%
Q4 24	$9M	0.4%
Q1 25	$12M	0.6%
Q2 25	$10M	0.4%
Q3 25	$10M	0.4%
Q4 25	$8M	0.4%

OpEx Breakdown

Quarter	S&M
Q1 22	$57M
Q2 22	$78M
Q3 22	$81M
Q4 22	$73M
Q1 23	$76M
Q2 23	$82M
Q3 23	$80M
Q4 23	$79M
Q1 24	$77M
Q2 24	$87M
Q3 24	$81M
Q4 24	$83M
Q1 25	$70M
Q2 25	$76M
Q3 25	$78M
Q4 25	$80M

Revenue Segments

Quarter	Passenger	Product and Service, Other
Q1 22	$1.6B	$133M
Q2 22	$2.3B	$143M
Q3 22	$2.4B	$147M
Q4 22	$2.3B	$148M
Q1 23	$2.2B	$146M
Q2 23	$2.5B	$150M
Q3 23	$2.2B	$152M
Q4 23	$2.2B	$159M
Q1 24	$2.1B	$154M
Q2 24	$2.3B	$163M
Q3 24	$2.2B	$167M
Q1 25	$2.0B	$171M
Q2 25	$2.2B	$177M
Q3 25	$2.1B	$187M
Q4 25	$2.1B	$191M

Revenue by Geography

Quarter	Atlantic	Caribbean and Latin America	Domestic & Canada
Q1 25	$64M	$796M	$1.3B
Q2 25	$141M	$772M	$1.4B
Q3 25	$167M	$870M	$1.3B
Q4 25	$99M	$701M	$1.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.8B	$950M	$2.8B
Q2 22	$1.6B	$873M	$2.5B
Q3 22	$1.4B	$692M	$2.1B
Q4 22	$1.0B	$350M	$1.4B
Q1 23	$1.3B	$204M	$1.5B
Q2 23	$1.5B	$205M	$1.7B
Q3 23	$973M	$409M	$1.4B
Q4 23	$1.2B	$401M	$1.6B
Q1 24	$1.2B	$326M	$1.6B
Q2 24	$1.3B	$184M	$1.5B
Q3 24	$2.6B	$1.4B	$4.0B
Q4 24	$1.9B	$1.7B	$3.6B
Q1 25	$2.3B	$1.2B	$3.5B
Q2 25	$2.1B	$929M	$3.1B
Q3 25	$2.4B	$211M	$2.6B
Q4 25	$2.0B	$213M	$2.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	321M	+0.3%	+1.3%
Q2 22	323M	+0.8%	+0.5%
Q3 22	325M	+0.6%	+1.2%
Q4 22	328M	+0.9%	+2.6%
Q1 23	328M	-0.1%	+2.2%
Q2 23	334M	+1.8%	+3.2%
Q3 23	333M	-0.1%	+2.6%
Q4 23	338M	+1.4%	+3.1%
Q1 24	340M	+0.6%	+3.7%
Q2 24	349M	+2.7%	+4.6%
Q3 24	347M	-0.6%	+4.1%
Q4 24	347M	0.0%	+2.7%
Q1 25	354M	+2.0%	+4.1%
Q2 25	361M	+2.1%	+3.6%
Q3 25	364M	+0.7%	+4.8%
Q4 25	369M	+1.3%	+6.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$157.5K	11K
Q2 22	$221.8K	11K
Q3 22	$232.5K	11K
Q4 22	$219.1K	11K
Q1 23	$211.2K	11K
Q2 23	$236.8K	11K
Q3 23	$213.5K	11K
Q4 23	$211.0K	11K
Q1 24	$200.4K	11K
Q2 24	$220.3K	11K
Q3 24	$214.6K	11K
Q4 24	$206.6K	11K
Q1 25	$194.2K	11K
Q2 25	$213.8K	11K
Q3 25	$210.7K	11K
Q4 25	$203.6K	11K

Revenue / Employee