JetBlue Airways Corporation (JBLU) 10-Year Financial Performance & Capital Metrics

JBLU • • Industrial / General

IndustrialsAirlines & AirportsLow-Cost & Ultra-Low-Cost CarriersUS Low-Cost Carriers

AboutJetBlue 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 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.Show more

Revenue $9.28B -3.5%
EBITDA -$101M -130.7%
Net Income -$795M -156.5%
EPS (Diluted) -2.29 -146.2%
Gross Margin 24.72% +2.6%
EBITDA Margin -1.09% -131.8%
Operating Margin -7.37% -208.2%
Net Margin -8.57% -165.7%
ROE -26.6% -196.0%
ROIC -5.89% -146.9%
Debt/Equity 3.46 +114.7%
Interest Coverage -1.95 -78.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.6x book value

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.78%

5Y2.77%

3Y15.41%

TTM-2.49%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM45.08%

EPS CAGR

10Y-

5Y-

3Y-

TTM47.78%

ROCE

10Y Avg3.61%

5Y Avg-5.63%

3Y Avg-3.43%

Latest-5.55%

Peer Comparison

US Low-Cost Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LUVSouthwest Airlines Co.	22.34B	43.20	57.60	5.34%	1.38%	4.87%		0.78
SNCYSun Country Airlines Holdings, Inc.	899.31M	17.06	17.77	2.49%	5.25%	9.52%	13.07%	1.09
ULCCFrontier Group Holdings, Inc.	1.16B	5.07	13.34	5.18%	-3.65%	-31.34%		7.40
FLYYSpirit Aviation Holdings, Inc.		0.38	-0.03	-8.38%	-28.55%	-277.97%
JBLUJetBlue Airways Corporation	1.76B	4.84	-2.11	-3.49%	-5.16%	-20.66%		3.46
ALGTAllegiant Travel Company	1.58B	86.07	-6.38	0.11%	-11.36%	-28.84%	2.43%	1.97

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.42B	6.63B	7.01B	7.66B	8.09B	2.96B	6.04B	9.16B	9.62B	9.28B
Revenue Growth %	0.1%	0.03%	0.06%	0.09%	0.06%	-0.63%	1.04%	0.52%	0.05%	-0.03%
Cost of Goods Sold+	3.84B	3.8B	4.41B	5.13B	5.36B	3.55B	5.15B	7.19B	7.3B	6.99B
COGS % of Revenue	0.6%	0.57%	0.63%	0.67%	0.66%	1.2%	0.85%	0.78%	0.76%	0.75%
Gross Profit+	2.57B	2.78B	2.6B	2.52B	2.73B	-590M	890M	1.97B	2.32B	2.29B
Gross Margin %	0.4%	0.42%	0.37%	0.33%	0.34%	-0.2%	0.15%	0.22%	0.24%	0.25%
Gross Profit Growth %	0.47%	0.08%	-0.07%	-0.03%	0.08%	-1.22%	2.51%	1.22%	0.17%	-0.01%
Operating Expenses+	1.36B	1.52B	1.63B	2.26B	1.94B	1.12B	970M	2.27B	2.55B	2.98B
OpEx % of Revenue	0.21%	0.23%	0.23%	0.29%	0.24%	0.38%	0.16%	0.25%	0.26%	0.32%
Selling, General & Admin	264M	259M	271M	294M	290M	110M	183M	289M	316M	328M
SG&A % of Revenue	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.09B	1.26B	1.36B	1.96B	1.65B	1.01B	787M	1.98B	2.23B	2.65B
Operating Income+	1.22B	1.26B	973M	266M	800M	-1.71B	-80M	-298M	-230M	-684M
Operating Margin %	0.19%	0.19%	0.14%	0.03%	0.1%	-0.58%	-0.01%	-0.03%	-0.02%	-0.07%
Operating Income Growth %	1.36%	0.04%	-0.23%	-0.73%	2.01%	-3.14%	0.95%	-2.73%	0.23%	-1.97%
EBITDA+	1.53B	1.62B	1.36B	689M	1.27B	-1.22B	415M	236M	329M	-101M
EBITDA Margin %	0.24%	0.24%	0.19%	0.09%	0.16%	-0.41%	0.07%	0.03%	0.03%	-0.01%
EBITDA Growth %	0.91%	0.06%	-0.16%	-0.49%	0.85%	-1.96%	1.34%	-0.43%	0.39%	-1.31%
D&A (Non-Cash Add-back)	311M	361M	383M	423M	473M	491M	495M	534M	559M	583M
EBIT	1.2B	1.26B	973M	701M	814M	-2B	-913M	-185M	-33M	-93M
Net Interest Income+	-119M	-96M	-55M	-47M	-47M	-156M	-175M	-127M	-121M	-239M
Interest Income	1M	7M	6M	13M	18M	23M	17M	39M	89M	111M
Interest Expense	120M	103M	61M	82M	65M	179M	192M	166M	210M	350M
Other Income/Expense	-119M	-44M	-75M	-47M	-32M	-179M	-183M	-139M	-104M	-213M
Pretax Income+	1.1B	1.22B	914M	219M	768M	-1.89B	-263M	-437M	-334M	-897M
Pretax Margin %	0.17%	0.18%	0.13%	0.03%	0.09%	-0.64%	-0.04%	-0.05%	-0.03%	-0.1%
Income Tax+	420M	437M	-222M	30M	199M	-539M	-81M	-75M	-24M	-102M
Effective Tax Rate %	0.62%	0.6%	1.25%	0.86%	0.74%	0.72%	0.69%	0.83%	0.93%	0.89%
Net Income+	677M	727M	1.14B	189M	569M	-1.35B	-182M	-362M	-310M	-795M
Net Margin %	0.11%	0.11%	0.16%	0.02%	0.07%	-0.46%	-0.03%	-0.04%	-0.03%	-0.09%
Net Income Growth %	0.69%	0.07%	0.57%	-0.83%	2.01%	-3.38%	0.87%	-0.99%	0.14%	-1.56%
Net Income (Continuing)	677M	759M	1.14B	189M	569M	-1.35B	-182M	-362M	-310M	-795M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.98	2.22	3.41	0.60	1.91	-4.91	-0.57	-1.12	-0.93	-2.29
EPS Growth %	0.66%	0.12%	0.54%	-0.82%	2.18%	-3.57%	0.88%	-0.96%	0.17%	-1.46%
EPS (Basic)	2.15	2.32	3.42	0.60	1.92	-4.91	-0.57	-1.12	-0.93	-2.30
Diluted Shares Outstanding	344.82M	342.2M	329.62M	314.5M	298.4M	277.5M	318M	323.6M	332.9M	346.9M
Basic Shares Outstanding	315.1M	326.5M	328.65M	312.9M	296.6M	277.5M	318M	323.6M	332.9M	346M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.37B	1.57B	1.21B	1.47B	1.79B	3.35B	3.25B	1.92B	2.16B	4.26B
Cash & Short-Term Investments	318M	433M	693M	474M	1.33B	3.05B	2.84B	1.39B	1.57B	3.61B
Cash Only	318M	433M	303M	474M	959M	1.92B	2.02B	1.04B	1.17B	1.92B
Short-Term Investments	0	0	390M	0	369M	1.14B	824M	350M	401M	1.69B
Accounts Receivable	136M	172M	245M	211M	231M	98M	207M	317M	336M	348M
Days Sales Outstanding	7.74	9.47	12.75	10.06	10.42	12.1	12.52	12.63	12.76	13.69
Inventory	44M	47M	55M	78M	81M	71M	74M	87M	109M	158M
Days Inventory Outstanding	4.18	4.51	4.55	5.55	5.52	7.31	5.25	4.42	5.45	8.26
Other Current Assets	145M	0	0	0	0	0	124M	120M	148M	142M
Total Non-Current Assets+	7.29B	7.92B	8.57B	8.95B	10.13B	10.06B	11.6B	12.53B	13.17B	12.58B
Property, Plant & Equipment	6.65B	7.27B	8.05B	8.31B	9.53B	9.2B	9.54B	9.81B	10.27B	11.21B
Fixed Asset Turnover	0.96x	0.91x	0.87x	0.92x	0.85x	0.32x	0.63x	0.93x	0.94x	0.83x
Goodwill	-1.31B	-1.61B	-1.13B	-1.18B	0	0	0	0	0	0
Intangible Assets	93M	97M	92M	96M	241M	261M	284M	298M	349M	399M
Long-Term Investments	49M	90M	2M	3M	3M	2M	130M	356M	357M	336M
Other Non-Current Assets	586M	559M	524M	634M	362M	595M	438M	668M	719M	-1.05B
Total Assets+	8.66B	9.49B	9.78B	10.43B	11.92B	13.41B	14.85B	14.45B	15.33B	16.84B
Asset Turnover	0.74x	0.70x	0.72x	0.73x	0.68x	0.22x	0.41x	0.63x	0.63x	0.55x
Asset Growth %	0.11%	0.1%	0.03%	0.07%	0.14%	0.12%	0.11%	-0.03%	0.06%	0.1%
Total Current Liabilities+	2.27B	2.22B	2.4B	2.42B	2.66B	2.67B	3.42B	3.75B	3.63B	3.88B
Accounts Payable	205M	242M	378M	437M	401M	365M	499M	532M	641M	619M
Days Payables Outstanding	19.48	23.23	31.27	31.07	27.31	37.56	35.39	27.02	32.05	32.35
Short-Term Debt	448M	189M	196M	309M	344M	450M	461M	651M	424M	392M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	5M	1.12B	966M	1.03B	0	0	359M	486M	509M	2.11B
Current Ratio	0.60x	0.70x	0.50x	0.61x	0.67x	1.25x	0.95x	0.51x	0.60x	1.10x
Quick Ratio	0.58x	0.68x	0.48x	0.58x	0.64x	1.22x	0.93x	0.49x	0.57x	1.06x
Cash Conversion Cycle	-7.56	-9.25	-13.97	-15.47	-11.38	-18.16	-17.62	-9.97	-13.85	-10.4
Total Non-Current Liabilities+	3.17B	3.25B	2.55B	3.4B	4.46B	6.78B	7.58B	7.13B	8.37B	10.32B
Long-Term Debt	1.4B	1.2B	1B	1.36B	1.99B	4.41B	3.65B	3.09B	4.41B	8.15B
Capital Lease Obligations	0	0	0	798M	690M	752M	692M	639M	547M	510M
Deferred Tax Liabilities	1.22B	1.51B	1.03B	1.09B	1.25B	922M	2.05B	2.17B	2.22B	633M
Other Non-Current Liabilities	546M	1.9B	792M	1.59B	44M	78M	552M	494M	449M	376M
Total Liabilities	5.45B	5.47B	4.95B	5.82B	7.12B	9.46B	11B	10.88B	11.99B	14.2B
Total Debt+	1.84B	1.38B	1.2B	1.67B	3.15B	5.73B	4.8B	4.38B	5.38B	9.14B
Net Debt	1.52B	951M	896M	1.2B	2.19B	3.81B	2.78B	3.34B	4.21B	7.22B
Debt / Equity	0.57x	0.34x	0.25x	0.36x	0.66x	1.45x	1.25x	1.23x	1.61x	3.46x
Debt / EBITDA	1.21x	0.85x	0.88x	2.42x	2.48x	-	11.57x	18.57x	16.35x	-
Net Debt / EBITDA	1.00x	0.59x	0.66x	1.74x	1.72x	-	6.71x	14.16x	12.81x	-
Interest Coverage	10.13x	12.23x	15.95x	3.24x	12.31x	-9.58x	-0.42x	-1.80x	-1.10x	-1.95x
Total Equity+	3.21B	4.01B	4.83B	4.61B	4.8B	3.95B	3.85B	3.56B	3.34B	2.64B
Equity Growth %	0.27%	0.25%	0.2%	-0.05%	0.04%	-0.18%	-0.03%	-0.07%	-0.06%	-0.21%
Book Value per Share	9.31	11.73	14.67	14.66	16.08	14.24	12.10	11.01	10.02	7.61
Total Shareholders' Equity	3.21B	4.01B	4.83B	4.61B	4.8B	3.95B	3.85B	3.56B	3.34B	2.64B
Common Stock	4M	4M	4M	4M	4M	5M	5M	5M	5M	5M
Retained Earnings	1.68B	2.45B	3.59B	3.68B	4.32B	2.97B	2.79B	2.42B	2.11B	1.32B
Treasury Stock	-366M	-500M	-890M	-1.27B	-1.78B	-1.98B	-1.99B	-2B	-2B	-2B
Accumulated OCI	-3M	13M	0	-3M	2M	0	0	0	-4M	2M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.6B	1.63B	1.4B	1.22B	1.45B	-683M	1.64B	379M	400M	144M
Operating CF Margin %	0.25%	0.25%	0.2%	0.16%	0.18%	-0.23%	0.27%	0.04%	0.04%	0.02%
Operating CF Growth %	0.75%	0.02%	-0.14%	-0.13%	0.19%	-1.47%	3.4%	-0.77%	0.06%	-0.64%
Net Income	677M	759M	1.15B	188M	569M	-1.35B	-182M	-362M	-310M	-795M
Depreciation & Amortization	345M	393M	446M	491M	525M	535M	540M	585M	621M	655M
Stock-Based Compensation	20M	23M	29M	28M	31M	28M	28M	30M	39M	39M
Deferred Taxes	377M	270M	-313M	90M	139M	-329M	-88M	-73M	-27M	-110M
Other Non-Cash Items	29M	-17M	-24M	321M	-27M	379M	1M	64M	0	432M
Working Capital Changes	150M	204M	113M	99M	212M	58M	1.34B	135M	77M	-77M
Change in Receivables	11M	-21M	-50M	46M	91M	255M	-806M	-111M	0	4M
Change in Inventory	-5M	1M	15M	-174M	188M	52M	138M	201M	67M	2M
Change in Payables	64M	157M	53M	96M	-91M	-255M	806M	26M	0	0
Cash from Investing+	-1.13B	-1.04B	-975M	-1.16B	-1.13B	-1.35B	-704M	-908M	-1.38B	-3.08B
Capital Expenditures	-941M	-1.01B	-1.2B	-1.11B	-1.16B	-791M	-995M	-923M	-1.21B	-1.5B
CapEx % of Revenue	0.15%	0.15%	0.17%	0.15%	0.14%	0.27%	0.16%	0.1%	0.13%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	831M	839M	1.06B	-922M	919M	-506M	902M	-9M	1M	460M
Cash from Financing+	-487M	-472M	-553M	113M	165M	2.98B	-830M	-360M	1.11B	3.77B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2M	-15M	-17M	0	-2M	646M	14M	-37M	-4M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	657M	621M	196M	103M	293M	-1.47B	647M	-544M	-806M	-1.35B
FCF Margin %	0.1%	0.09%	0.03%	0.01%	0.04%	-0.5%	0.11%	-0.06%	-0.08%	-0.15%
FCF Growth %	10.95%	-0.05%	-0.68%	-0.47%	1.84%	-6.03%	1.44%	-1.84%	-0.48%	-0.68%
FCF per Share	1.91	1.81	0.59	0.33	0.98	-5.31	2.03	-1.68	-2.42	-3.90
FCF Conversion (FCF/Net Income)	2.36x	2.24x	1.23x	6.44x	2.55x	0.50x	-9.02x	-1.05x	-1.29x	-0.18x
Interest Paid	0	0	60M	59M	0	139M	180M	0	0	230M
Taxes Paid	0	0	139M	11M	0	5M	3M	0	0	2M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.59%	20.13%	25.77%	4%	12.09%	-30.95%	-4.67%	-9.77%	-8.99%	-26.6%
Return on Invested Capital (ROIC)	19.92%	19.49%	13.65%	3.46%	9.38%	-17.43%	-0.83%	-3.3%	-2.39%	-5.89%
Gross Margin	40.12%	41.95%	37.08%	32.96%	33.79%	-19.95%	14.74%	21.53%	24.09%	24.72%
Net Margin	10.55%	10.96%	16.26%	2.47%	7.03%	-45.79%	-3.01%	-3.95%	-3.22%	-8.57%
Debt / Equity	0.57x	0.34x	0.25x	0.36x	0.66x	1.45x	1.25x	1.23x	1.61x	3.46x
Interest Coverage	10.13x	12.23x	15.95x	3.24x	12.31x	-9.58x	-0.42x	-1.80x	-1.10x	-1.95x
FCF Conversion	2.36x	2.24x	1.23x	6.44x	2.55x	0.50x	-9.02x	-1.05x	-1.29x	-0.18x
Revenue Growth	10.3%	3.37%	5.73%	9.21%	5.69%	-63.47%	104.16%	51.7%	4.99%	-3.49%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Passenger	-	-	-	7.38B	7.79B	2.73B	5.61B	8.59B	9.01B	8.62B
Passenger Growth	-	-	-	-	5.49%	-64.90%	105.23%	53.08%	4.91%	-4.34%
Product and Service, Other	-	-	-	277M	308M	224M	428M	572M	607M	662M
Product and Service, Other Growth	-	-	-	-	11.19%	-27.27%	91.07%	33.64%	6.12%	9.06%
Domestic Destination	4.52B	4.75B	5B	-	-	-	-	-	-	-
Domestic Destination Growth	-	5.09%	5.26%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Domestic & Canada	-	-	-	-	-	-	-	6.07B	6.07B	5.64B
Domestic & Canada Growth	-	-	-	-	-	-	-	-	0.08%	-7.11%
Caribbean and Latin America	-	-	-	-	-	1.07B	2.15B	2.97B	3.28B	3.17B
Caribbean and Latin America Growth	-	-	-	-	-	-	101.50%	38.05%	10.58%	-3.44%
Atlantic	-	-	-	-	-	-	18M	123M	261M	470M
Atlantic Growth	-	-	-	-	-	-	-	583.33%	112.20%	80.08%
UNITED STATES	-	-	-	-	-	1.89B	3.87B	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	104.71%	-	-	-
Latin America	1.9B	1.88B	2.01B	2.27B	2.46B	-	-	-	-	-
Latin America Growth	-	-0.74%	7.07%	12.81%	8.32%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

JetBlue Airways Corporation (JBLU) reported $9.10B in revenue for fiscal year 2024. This represents a 102% increase from $4.50B in 2011.

JetBlue Airways Corporation (JBLU) saw revenue decline by 3.5% over the past year.

JetBlue Airways Corporation (JBLU) reported a net loss of $469.0M for fiscal year 2024.

Dividend & Returns

JetBlue Airways Corporation (JBLU) has a return on equity (ROE) of -26.6%. Negative ROE indicates the company is unprofitable.

JetBlue Airways Corporation (JBLU) had negative free cash flow of $1.15B in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...

JetBlue Airways Corporation (JBLU) 10-Year Financial Performance & Capital Metrics

JBLU • • Industrial / General

IndustrialsAirlines & AirportsLow-Cost & Ultra-Low-Cost CarriersUS Low-Cost Carriers

Revenue $9.28B -3.5%
EBITDA -$101M -130.7%
Net Income -$795M -156.5%
EPS (Diluted) -2.29 -146.2%
Gross Margin 24.72% +2.6%
EBITDA Margin -1.09% -131.8%
Operating Margin -7.37% -208.2%
Net Margin -8.57% -165.7%
ROE -26.6% -196.0%
ROIC -5.89% -146.9%
Debt/Equity 3.46 +114.7%
Interest Coverage -1.95 -78.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.6x book value

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.78%

5Y2.77%

3Y15.41%

TTM-2.49%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM45.08%

EPS CAGR

10Y-

5Y-

3Y-

TTM47.78%

ROCE

10Y Avg3.61%

5Y Avg-5.63%

3Y Avg-3.43%

Latest-5.55%

Peer Comparison

US Low-Cost Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LUVSouthwest Airlines Co.	22.34B	43.20	57.60	5.34%	1.38%	4.87%		0.78
SNCYSun Country Airlines Holdings, Inc.	899.31M	17.06	17.77	2.49%	5.25%	9.52%	13.07%	1.09
ULCCFrontier Group Holdings, Inc.	1.16B	5.07	13.34	5.18%	-3.65%	-31.34%		7.40
FLYYSpirit Aviation Holdings, Inc.		0.38	-0.03	-8.38%	-28.55%	-277.97%
JBLUJetBlue Airways Corporation	1.76B	4.84	-2.11	-3.49%	-5.16%	-20.66%		3.46
ALGTAllegiant Travel Company	1.58B	86.07	-6.38	0.11%	-11.36%	-28.84%	2.43%	1.97

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.42B	6.63B	7.01B	7.66B	8.09B	2.96B	6.04B	9.16B	9.62B	9.28B
Revenue Growth %	0.1%	0.03%	0.06%	0.09%	0.06%	-0.63%	1.04%	0.52%	0.05%	-0.03%
Cost of Goods Sold+	3.84B	3.8B	4.41B	5.13B	5.36B	3.55B	5.15B	7.19B	7.3B	6.99B
COGS % of Revenue	0.6%	0.57%	0.63%	0.67%	0.66%	1.2%	0.85%	0.78%	0.76%	0.75%
Gross Profit+	2.57B	2.78B	2.6B	2.52B	2.73B	-590M	890M	1.97B	2.32B	2.29B
Gross Margin %	0.4%	0.42%	0.37%	0.33%	0.34%	-0.2%	0.15%	0.22%	0.24%	0.25%
Gross Profit Growth %	0.47%	0.08%	-0.07%	-0.03%	0.08%	-1.22%	2.51%	1.22%	0.17%	-0.01%
Operating Expenses+	1.36B	1.52B	1.63B	2.26B	1.94B	1.12B	970M	2.27B	2.55B	2.98B
OpEx % of Revenue	0.21%	0.23%	0.23%	0.29%	0.24%	0.38%	0.16%	0.25%	0.26%	0.32%
Selling, General & Admin	264M	259M	271M	294M	290M	110M	183M	289M	316M	328M
SG&A % of Revenue	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.09B	1.26B	1.36B	1.96B	1.65B	1.01B	787M	1.98B	2.23B	2.65B
Operating Income+	1.22B	1.26B	973M	266M	800M	-1.71B	-80M	-298M	-230M	-684M
Operating Margin %	0.19%	0.19%	0.14%	0.03%	0.1%	-0.58%	-0.01%	-0.03%	-0.02%	-0.07%
Operating Income Growth %	1.36%	0.04%	-0.23%	-0.73%	2.01%	-3.14%	0.95%	-2.73%	0.23%	-1.97%
EBITDA+	1.53B	1.62B	1.36B	689M	1.27B	-1.22B	415M	236M	329M	-101M
EBITDA Margin %	0.24%	0.24%	0.19%	0.09%	0.16%	-0.41%	0.07%	0.03%	0.03%	-0.01%
EBITDA Growth %	0.91%	0.06%	-0.16%	-0.49%	0.85%	-1.96%	1.34%	-0.43%	0.39%	-1.31%
D&A (Non-Cash Add-back)	311M	361M	383M	423M	473M	491M	495M	534M	559M	583M
EBIT	1.2B	1.26B	973M	701M	814M	-2B	-913M	-185M	-33M	-93M
Net Interest Income+	-119M	-96M	-55M	-47M	-47M	-156M	-175M	-127M	-121M	-239M
Interest Income	1M	7M	6M	13M	18M	23M	17M	39M	89M	111M
Interest Expense	120M	103M	61M	82M	65M	179M	192M	166M	210M	350M
Other Income/Expense	-119M	-44M	-75M	-47M	-32M	-179M	-183M	-139M	-104M	-213M
Pretax Income+	1.1B	1.22B	914M	219M	768M	-1.89B	-263M	-437M	-334M	-897M
Pretax Margin %	0.17%	0.18%	0.13%	0.03%	0.09%	-0.64%	-0.04%	-0.05%	-0.03%	-0.1%
Income Tax+	420M	437M	-222M	30M	199M	-539M	-81M	-75M	-24M	-102M
Effective Tax Rate %	0.62%	0.6%	1.25%	0.86%	0.74%	0.72%	0.69%	0.83%	0.93%	0.89%
Net Income+	677M	727M	1.14B	189M	569M	-1.35B	-182M	-362M	-310M	-795M
Net Margin %	0.11%	0.11%	0.16%	0.02%	0.07%	-0.46%	-0.03%	-0.04%	-0.03%	-0.09%
Net Income Growth %	0.69%	0.07%	0.57%	-0.83%	2.01%	-3.38%	0.87%	-0.99%	0.14%	-1.56%
Net Income (Continuing)	677M	759M	1.14B	189M	569M	-1.35B	-182M	-362M	-310M	-795M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.98	2.22	3.41	0.60	1.91	-4.91	-0.57	-1.12	-0.93	-2.29
EPS Growth %	0.66%	0.12%	0.54%	-0.82%	2.18%	-3.57%	0.88%	-0.96%	0.17%	-1.46%
EPS (Basic)	2.15	2.32	3.42	0.60	1.92	-4.91	-0.57	-1.12	-0.93	-2.30
Diluted Shares Outstanding	344.82M	342.2M	329.62M	314.5M	298.4M	277.5M	318M	323.6M	332.9M	346.9M
Basic Shares Outstanding	315.1M	326.5M	328.65M	312.9M	296.6M	277.5M	318M	323.6M	332.9M	346M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.37B	1.57B	1.21B	1.47B	1.79B	3.35B	3.25B	1.92B	2.16B	4.26B
Cash & Short-Term Investments	318M	433M	693M	474M	1.33B	3.05B	2.84B	1.39B	1.57B	3.61B
Cash Only	318M	433M	303M	474M	959M	1.92B	2.02B	1.04B	1.17B	1.92B
Short-Term Investments	0	0	390M	0	369M	1.14B	824M	350M	401M	1.69B
Accounts Receivable	136M	172M	245M	211M	231M	98M	207M	317M	336M	348M
Days Sales Outstanding	7.74	9.47	12.75	10.06	10.42	12.1	12.52	12.63	12.76	13.69
Inventory	44M	47M	55M	78M	81M	71M	74M	87M	109M	158M
Days Inventory Outstanding	4.18	4.51	4.55	5.55	5.52	7.31	5.25	4.42	5.45	8.26
Other Current Assets	145M	0	0	0	0	0	124M	120M	148M	142M
Total Non-Current Assets+	7.29B	7.92B	8.57B	8.95B	10.13B	10.06B	11.6B	12.53B	13.17B	12.58B
Property, Plant & Equipment	6.65B	7.27B	8.05B	8.31B	9.53B	9.2B	9.54B	9.81B	10.27B	11.21B
Fixed Asset Turnover	0.96x	0.91x	0.87x	0.92x	0.85x	0.32x	0.63x	0.93x	0.94x	0.83x
Goodwill	-1.31B	-1.61B	-1.13B	-1.18B	0	0	0	0	0	0
Intangible Assets	93M	97M	92M	96M	241M	261M	284M	298M	349M	399M
Long-Term Investments	49M	90M	2M	3M	3M	2M	130M	356M	357M	336M
Other Non-Current Assets	586M	559M	524M	634M	362M	595M	438M	668M	719M	-1.05B
Total Assets+	8.66B	9.49B	9.78B	10.43B	11.92B	13.41B	14.85B	14.45B	15.33B	16.84B
Asset Turnover	0.74x	0.70x	0.72x	0.73x	0.68x	0.22x	0.41x	0.63x	0.63x	0.55x
Asset Growth %	0.11%	0.1%	0.03%	0.07%	0.14%	0.12%	0.11%	-0.03%	0.06%	0.1%
Total Current Liabilities+	2.27B	2.22B	2.4B	2.42B	2.66B	2.67B	3.42B	3.75B	3.63B	3.88B
Accounts Payable	205M	242M	378M	437M	401M	365M	499M	532M	641M	619M
Days Payables Outstanding	19.48	23.23	31.27	31.07	27.31	37.56	35.39	27.02	32.05	32.35
Short-Term Debt	448M	189M	196M	309M	344M	450M	461M	651M	424M	392M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	5M	1.12B	966M	1.03B	0	0	359M	486M	509M	2.11B
Current Ratio	0.60x	0.70x	0.50x	0.61x	0.67x	1.25x	0.95x	0.51x	0.60x	1.10x
Quick Ratio	0.58x	0.68x	0.48x	0.58x	0.64x	1.22x	0.93x	0.49x	0.57x	1.06x
Cash Conversion Cycle	-7.56	-9.25	-13.97	-15.47	-11.38	-18.16	-17.62	-9.97	-13.85	-10.4
Total Non-Current Liabilities+	3.17B	3.25B	2.55B	3.4B	4.46B	6.78B	7.58B	7.13B	8.37B	10.32B
Long-Term Debt	1.4B	1.2B	1B	1.36B	1.99B	4.41B	3.65B	3.09B	4.41B	8.15B
Capital Lease Obligations	0	0	0	798M	690M	752M	692M	639M	547M	510M
Deferred Tax Liabilities	1.22B	1.51B	1.03B	1.09B	1.25B	922M	2.05B	2.17B	2.22B	633M
Other Non-Current Liabilities	546M	1.9B	792M	1.59B	44M	78M	552M	494M	449M	376M
Total Liabilities	5.45B	5.47B	4.95B	5.82B	7.12B	9.46B	11B	10.88B	11.99B	14.2B
Total Debt+	1.84B	1.38B	1.2B	1.67B	3.15B	5.73B	4.8B	4.38B	5.38B	9.14B
Net Debt	1.52B	951M	896M	1.2B	2.19B	3.81B	2.78B	3.34B	4.21B	7.22B
Debt / Equity	0.57x	0.34x	0.25x	0.36x	0.66x	1.45x	1.25x	1.23x	1.61x	3.46x
Debt / EBITDA	1.21x	0.85x	0.88x	2.42x	2.48x	-	11.57x	18.57x	16.35x	-
Net Debt / EBITDA	1.00x	0.59x	0.66x	1.74x	1.72x	-	6.71x	14.16x	12.81x	-
Interest Coverage	10.13x	12.23x	15.95x	3.24x	12.31x	-9.58x	-0.42x	-1.80x	-1.10x	-1.95x
Total Equity+	3.21B	4.01B	4.83B	4.61B	4.8B	3.95B	3.85B	3.56B	3.34B	2.64B
Equity Growth %	0.27%	0.25%	0.2%	-0.05%	0.04%	-0.18%	-0.03%	-0.07%	-0.06%	-0.21%
Book Value per Share	9.31	11.73	14.67	14.66	16.08	14.24	12.10	11.01	10.02	7.61
Total Shareholders' Equity	3.21B	4.01B	4.83B	4.61B	4.8B	3.95B	3.85B	3.56B	3.34B	2.64B
Common Stock	4M	4M	4M	4M	4M	5M	5M	5M	5M	5M
Retained Earnings	1.68B	2.45B	3.59B	3.68B	4.32B	2.97B	2.79B	2.42B	2.11B	1.32B
Treasury Stock	-366M	-500M	-890M	-1.27B	-1.78B	-1.98B	-1.99B	-2B	-2B	-2B
Accumulated OCI	-3M	13M	0	-3M	2M	0	0	0	-4M	2M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.6B	1.63B	1.4B	1.22B	1.45B	-683M	1.64B	379M	400M	144M
Operating CF Margin %	0.25%	0.25%	0.2%	0.16%	0.18%	-0.23%	0.27%	0.04%	0.04%	0.02%
Operating CF Growth %	0.75%	0.02%	-0.14%	-0.13%	0.19%	-1.47%	3.4%	-0.77%	0.06%	-0.64%
Net Income	677M	759M	1.15B	188M	569M	-1.35B	-182M	-362M	-310M	-795M
Depreciation & Amortization	345M	393M	446M	491M	525M	535M	540M	585M	621M	655M
Stock-Based Compensation	20M	23M	29M	28M	31M	28M	28M	30M	39M	39M
Deferred Taxes	377M	270M	-313M	90M	139M	-329M	-88M	-73M	-27M	-110M
Other Non-Cash Items	29M	-17M	-24M	321M	-27M	379M	1M	64M	0	432M
Working Capital Changes	150M	204M	113M	99M	212M	58M	1.34B	135M	77M	-77M
Change in Receivables	11M	-21M	-50M	46M	91M	255M	-806M	-111M	0	4M
Change in Inventory	-5M	1M	15M	-174M	188M	52M	138M	201M	67M	2M
Change in Payables	64M	157M	53M	96M	-91M	-255M	806M	26M	0	0
Cash from Investing+	-1.13B	-1.04B	-975M	-1.16B	-1.13B	-1.35B	-704M	-908M	-1.38B	-3.08B
Capital Expenditures	-941M	-1.01B	-1.2B	-1.11B	-1.16B	-791M	-995M	-923M	-1.21B	-1.5B
CapEx % of Revenue	0.15%	0.15%	0.17%	0.15%	0.14%	0.27%	0.16%	0.1%	0.13%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	831M	839M	1.06B	-922M	919M	-506M	902M	-9M	1M	460M
Cash from Financing+	-487M	-472M	-553M	113M	165M	2.98B	-830M	-360M	1.11B	3.77B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2M	-15M	-17M	0	-2M	646M	14M	-37M	-4M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	657M	621M	196M	103M	293M	-1.47B	647M	-544M	-806M	-1.35B
FCF Margin %	0.1%	0.09%	0.03%	0.01%	0.04%	-0.5%	0.11%	-0.06%	-0.08%	-0.15%
FCF Growth %	10.95%	-0.05%	-0.68%	-0.47%	1.84%	-6.03%	1.44%	-1.84%	-0.48%	-0.68%
FCF per Share	1.91	1.81	0.59	0.33	0.98	-5.31	2.03	-1.68	-2.42	-3.90
FCF Conversion (FCF/Net Income)	2.36x	2.24x	1.23x	6.44x	2.55x	0.50x	-9.02x	-1.05x	-1.29x	-0.18x
Interest Paid	0	0	60M	59M	0	139M	180M	0	0	230M
Taxes Paid	0	0	139M	11M	0	5M	3M	0	0	2M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.59%	20.13%	25.77%	4%	12.09%	-30.95%	-4.67%	-9.77%	-8.99%	-26.6%
Return on Invested Capital (ROIC)	19.92%	19.49%	13.65%	3.46%	9.38%	-17.43%	-0.83%	-3.3%	-2.39%	-5.89%
Gross Margin	40.12%	41.95%	37.08%	32.96%	33.79%	-19.95%	14.74%	21.53%	24.09%	24.72%
Net Margin	10.55%	10.96%	16.26%	2.47%	7.03%	-45.79%	-3.01%	-3.95%	-3.22%	-8.57%
Debt / Equity	0.57x	0.34x	0.25x	0.36x	0.66x	1.45x	1.25x	1.23x	1.61x	3.46x
Interest Coverage	10.13x	12.23x	15.95x	3.24x	12.31x	-9.58x	-0.42x	-1.80x	-1.10x	-1.95x
FCF Conversion	2.36x	2.24x	1.23x	6.44x	2.55x	0.50x	-9.02x	-1.05x	-1.29x	-0.18x
Revenue Growth	10.3%	3.37%	5.73%	9.21%	5.69%	-63.47%	104.16%	51.7%	4.99%	-3.49%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Passenger	-	-	-	7.38B	7.79B	2.73B	5.61B	8.59B	9.01B	8.62B
Passenger Growth	-	-	-	-	5.49%	-64.90%	105.23%	53.08%	4.91%	-4.34%
Product and Service, Other	-	-	-	277M	308M	224M	428M	572M	607M	662M
Product and Service, Other Growth	-	-	-	-	11.19%	-27.27%	91.07%	33.64%	6.12%	9.06%
Domestic Destination	4.52B	4.75B	5B	-	-	-	-	-	-	-
Domestic Destination Growth	-	5.09%	5.26%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Domestic & Canada	-	-	-	-	-	-	-	6.07B	6.07B	5.64B
Domestic & Canada Growth	-	-	-	-	-	-	-	-	0.08%	-7.11%
Caribbean and Latin America	-	-	-	-	-	1.07B	2.15B	2.97B	3.28B	3.17B
Caribbean and Latin America Growth	-	-	-	-	-	-	101.50%	38.05%	10.58%	-3.44%
Atlantic	-	-	-	-	-	-	18M	123M	261M	470M
Atlantic Growth	-	-	-	-	-	-	-	583.33%	112.20%	80.08%
UNITED STATES	-	-	-	-	-	1.89B	3.87B	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	104.71%	-	-	-
Latin America	1.9B	1.88B	2.01B	2.27B	2.46B	-	-	-	-	-
Latin America Growth	-	-0.74%	7.07%	12.81%	8.32%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

JetBlue Airways Corporation (JBLU) reported $9.10B in revenue for fiscal year 2024. This represents a 102% increase from $4.50B in 2011.

JetBlue Airways Corporation (JBLU) saw revenue decline by 3.5% over the past year.

JetBlue Airways Corporation (JBLU) reported a net loss of $469.0M for fiscal year 2024.

Dividend & Returns

JetBlue Airways Corporation (JBLU) has a return on equity (ROE) of -26.6%. Negative ROE indicates the company is unprofitable.

JetBlue Airways Corporation (JBLU) had negative free cash flow of $1.15B in fiscal year 2024, likely due to heavy capital investments.