JBLUNasdaqAir Transportation, ScheduledFiscal year ends December 31
JETBLUE AIRWAYS CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026
$2.91−0.02 (-0.68%)
Close on Oct 19, 2026
- Market cap
- $1.09B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
-4.1%+53.9 pts over 5 years
Net margin
-6.6%+39.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.3% | -0.4% | +25.1% | +3.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 20.1% | -30.9% | -25.3% | |
| Return on assets | 8.1% | -10.7% | -3.6% | |
| Current ratio | 0.63 | 1.25 | 0.74 | |
| Debt to equity | 0.34 | 1.23 | 4.01 | |
| Net debt to EBITDA | 0.54× | -2.45× | 20.48× | |
| Interest coverage | – | – | -0.6× | |
| Capex to revenue | 12.9% | 24.2% | 11.9% | |
| Diluted shares | 342M | 278M | 362M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Jetblue Airways generated $2.66B from operations and spent $5.36B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$2.66B
Used
$5.36B
Capital expenditure$5.36B100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.6%
×Asset turnover0.54×
×Equity multiplier7.02×
=Return on equity, FY2025-25.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.6% | 0.54× | 7.02× | -25.3% |
| FY2024 | -8.6% | 0.60× | 5.13× | -26.6% |
| FY2023 | -3.2% | 0.71× | 3.90× | -9.0% |
| FY2022 | -4.0% | 0.69× | 3.60× | -9.8% |
| FY2021 | -3.0% | 0.45× | 3.47× | -4.7% |
| FY2020 | -45.8% | 0.23× | 2.89× | -30.9% |
| FY2019 | 7.0% | 0.71× | 2.41× | 12.0% |
| FY2018 | 2.5% | 0.74× | 2.20× | 4.0% |
| FY2017 | 16.3% | 0.73× | 2.18× | 26.1% |
| FY2016 | 11.0% | 0.73× | 2.49× | 20.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$602.00M
- Cash generatingOperating cash flow above zero-$94.00M
- Return on assets improvedROA up on the prior year-5.7% → -3.6%
- Earnings backed by cashOperating cash flow above net income-$94.00M vs -$602.00M
- Less leverageLong-term debt to assets fell48.4% → 46.6%
- Better liquidityCurrent ratio rose1.10 → 0.74
- No dilutionShare count did not rise346M → 362M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.67 → 0.54