JetBlue Airways Corporation
- Open
- 5.48
- Day high
- 5.59
- Day low
- 5.36
- Prev close
- 5.64
- Volume
- 31.4M
- Mkt cap
- $2.0B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.1
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$443K over the last 3 months (0 open-market buys, 7 sales)
- 🏛Institutions mixed (13F)
JetBlue Airways Corporation (JBLU) is a Industrials company listed on NASDAQ. The stock is up 23% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 7 sales (SEC Form 4). Drillr has 3 published research articles covering JBLU.
JetBlue Airways Corporation (JBLU) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
JBLU earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $-0.72 | $-0.87 | -20.8% | $2.2B | +0.0% |
| Jan 27, 2026 | $-0.45 | $-0.49 | -8.9% | $2.2B | +1.6% |
| Oct 28, 2025 | $-0.43 | $-0.40 | +8.0% | $2.3B | +0.1% |
| Jul 29, 2025 | $-0.31 | $-0.16 | +48.4% | $2.4B | +1.3% |
| Jan 28, 2025 | $-0.42 | $-0.21 | +50.0% | $2.3B | +1.8% |
| Jan 30, 2024 | $-0.28 | $-0.19 | +32.1% | $2.3B | +1.8% |
| Oct 31, 2023 | $-0.27 | $-0.39 | -44.4% | $2.4B | -1.2% |
| Aug 1, 2023 | $0.44 | $0.45 | +2.3% | $2.6B | +0.1% |
| Jan 26, 2023 | $0.19 | $0.22 | +15.8% | $2.4B | +0.4% |
| Aug 2, 2022 | $-0.11 | $-0.47 | -327.3% | $2.4B | -0.2% |
| Jan 27, 2022 | $-0.40 | $-0.36 | +10.0% | $1.8B | +0.5% |
| Jul 27, 2021 | $-0.73 | $-0.64 | +12.3% | $1.5B | -23.4% |
JBLU insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 1, 2026 | Geraghty Joannadirector, officer: CEO | Tax | 135,873 | $5.38 |
| Jun 1, 2026 | Sharma Vivekdirector | Sell | 585 | $5.42 |
| Jun 1, 2026 | Sharma Vivekdirector | Sell | 5,000 | $5.40 |
| Jun 1, 2026 | Sharma Vivekdirector | Sell | 26,415 | $5.41 |
| Jun 1, 2026 | Geraghty Joannadirector, officer: CEO | Option | 245,700 | — |
| May 5, 2026 | Hurley Ursula Lofficer: Chief Financial Officer | Grant | 2,546 | $4.11 |
| May 5, 2026 | St George Martin Jofficer: President | Grant | 2,074 | $4.11 |
| May 5, 2026 | McCarthy Eileen Pofficer: General Counsel Corp Sec | Grant | 411 | $4.11 |
| May 5, 2026 | Christie Warrenofficer: Chief Operating Officer | Grant | 2,680 | $4.11 |
| May 5, 2026 | Southerton Dawnofficer: Principal Accounting Officer | Sell | 18,193 | $5.00 |
| May 5, 2026 | Winkelmann Thomasdirector | Sell | 22,094 | $4.70 |
| May 5, 2026 | Christie Warrenofficer: Chief Operating Officer | Sell | 2,680 | $4.65 |
| May 5, 2026 | Winkelmann Thomasdirector | Sell | 13,379 | $4.71 |
| Apr 23, 2026 | St George Martin Jofficer: President | Grant | 274,725 | — |
| Apr 23, 2026 | McCarthy Eileen Pofficer: General Counsel Corp Sec | Grant | 91,575 | — |
Source: JBLU SEC Form 4 filings, latest Jun 1, 2026. For informational purposes only — not investment advice.
See the full JBLU insider & 13F page →JBLU research & analysis
Southwest's Fuel Warning Dwarfs Delta's $100 Per Long-Haul Flight
Southwest's fuel cost warning has been mispriced as sector-wide pain. The $100 per long-haul flight cost surge hits Delta, American and United 3-14x harder than domestic-focused Southwest and Alaska due to international route exposure. Short long-haul carriers against domestic operators targets 5-10% relative return over 90 days as Q2 earnings reveal the gap.
DALAALUALAirlines and the Oil Spike: JBLU and AAL Most Exposed as Fuel Hedge Gap Widens
US airlines' lack of fuel hedges exposes them to the April 12 Hormuz blockade-driven oil spike; JBLU and AAL most vulnerable due to losses/debt, while Delta's refinery offers protection. Ranked analysis of six carriers with financials shows clear hierarchy of pain.
AALALKUALAirline M&A: DAL and UAL Lead as DOT Greenlights More Consolidation — JBLU at Risk
DOT Secretary Duffy's endorsement of more airline M&A highlights consolidation opportunities as weaker carriers falter. Delta and United lead winners with strong balance sheets and premium strategies, while JetBlue and Allegiant face risks. Ranked picks favor low-leverage majors for market share gains.
DALAALUAL
JetBlue Airways Corporation company profile
Overview
JetBlue Airways Corporation (NASDAQ:JBLU) is a major American low-cost airline founded in 1998 and based in Long Island City, New York. The company went public in 2002 and has established itself as a significant player in the domestic and international aviation market, operating a fleet of over 280 aircraft serving more than 100 destinations across the United States, Caribbean, and Latin America. JetBlue is known for its customer-focused approach, offering amenities like free Wi-Fi, live television, and extra legroom while maintaining competitive pricing. The airline has faced significant financial challenges in recent years, reporting losses in most quarters while implementing a comprehensive restructuring strategy called "JetForward" to return to profitability.
Business
JetBlue operates in the commercial aviation industry, providing scheduled passenger air transportation services. The airline industry is highly capital-intensive, requiring substantial investments in aircraft, maintenance facilities, and operational infrastructure, while being subject to intense price competition and regulatory oversight. The company's core business revolves around operating scheduled flights using a fleet of approximately 282 aircraft, primarily consisting of Airbus A320 family aircraft (A320, A321, A321neo) and Airbus A220s, along with some Embraer E190s. These aircraft transport passengers between destinations across a network that spans 31 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue differentiates itself through several service segments. The company operates traditional economy class seating alongside premium offerings including Mint, its business class product featuring lie-flat seats on transcontinental and transatlantic routes, and Even More Space, which provides additional legroom and priority boarding. The airline also generates revenue through its TrueBlue loyalty program, which has grown to represent approximately 12% of total revenue, and ancillary services such as preferred seating, baggage fees, and partnerships with credit card companies. Geographically, JetBlue focuses heavily on East Coast markets, with major hubs and focus cities including New York (JFK and LaGuardia), Boston, Fort Lauderdale, and San Juan, Puerto Rico. The airline has strategic partnerships, most notably the Northeast Alliance with American Airlines, which allows for coordinated scheduling and code-sharing in northeastern U.S. markets.
Revenue model
JetBlue generates revenue primarily through passenger ticket sales, operating on a point-to-point network model rather than the traditional hub-and-spoke system used by legacy carriers. The company's revenue streams include base airfare, premium cabin upgrades (Mint and Even More Space), ancillary fees for services like baggage and seat selection, and loyalty program partnerships. The airline's business model targets price-sensitive leisure travelers and visiting friends and relatives (VFR) customers, while also competing for premium travelers through its Mint business class product. JetBlue's customer base consists primarily of individual consumers booking directly through the airline's website or through travel agents and online travel agencies. Several factors significantly impact JetBlue's profitability margins. Fuel costs represent one of the largest variable expenses, with jet fuel price volatility directly affecting operating margins. Aircraft utilization rates are critical, as fixed costs like aircraft lease payments and crew salaries must be spread across flight hours. Load factors (percentage of seats filled) and yield management (pricing optimization) directly influence revenue per available seat mile (RASM), a key industry metric. External factors include economic conditions affecting travel demand, competitive capacity in key markets, regulatory changes, and operational disruptions from weather or air traffic control issues. The company has been particularly impacted by Pratt & Whitney engine reliability issues, which have forced aircraft groundings and reduced available capacity. Seasonal demand patterns also create margin pressure, with summer peak periods generating higher yields while off-peak periods require aggressive capacity management to maintain profitability. JetBlue's cost structure includes both fixed costs (aircraft leases, maintenance, personnel) and variable costs (fuel, airport fees, distribution costs). The airline has implemented cost reduction programs targeting $200 million in annual savings while maintaining service quality standards.
Competitive moat
JetBlue's competitive moat is relatively narrow compared to legacy carriers, reflecting the challenging nature of the airline industry where differentiation is difficult to maintain. The company's primary competitive advantages include its strong brand recognition for customer service and amenities, strategic airport slots in capacity-constrained markets like New York and Boston, and its operational focus on East Coast leisure markets where it has established market presence. The airline's TrueBlue loyalty program provides some customer retention benefits, though it lacks the extensive partnership network of larger carriers. JetBlue's fleet commonality with Airbus aircraft creates operational efficiencies in maintenance, training, and crew scheduling, while its point-to-point network model offers flexibility in route optimization. However, JetBlue faces significant competitive pressures that limit its moat strength. The airline industry is characterized by intense price competition, particularly from ultra-low-cost carriers like Spirit and Frontier, as well as legacy carriers that can leverage their scale and hub networks. Barrier to entry remains relatively low for well-capitalized competitors, and customer switching costs are minimal, as travelers often prioritize price over brand loyalty. The company's limited international presence compared to global carriers restricts its ability to diversify revenue streams and capture higher-yielding business travelers. Additionally, JetBlue's smaller scale relative to the "Big Four" U.S. carriers (American, Delta, United, Southwest) limits its negotiating power with suppliers, airports, and corporate customers. Potential disruption comes from continued consolidation in the airline industry, new entrants with innovative business models, and technological changes in travel booking and customer service. The failed Spirit Airlines merger highlighted JetBlue's challenges in achieving the scale necessary to compete more effectively with larger carriers.
Risks & safety
JetBlue's margin of safety appears concerning based on current financial metrics, with the company facing significant liquidity and profitability challenges. • Cash and Liquidity: $1.9 billion in cash and short-term investments as of Q1 2025, representing strong liquidity at 42% of trailing twelve-month revenue, with total available liquidity of $3.9 billion including credit facilities • Debt Burden: High debt-to-equity ratio of 3.85, with total liabilities of $14.7 billion against total assets, indicating significant leverage and financial risk • Cash Flow: Negative free cash flow of -$63 million in Q1 2025, with the company burning cash operationally, though management expects improvement through cost reduction initiatives • Profitability: Operating at losses with negative net income of -$208 million in Q1 2025, though EBITDA positive at $42 million, indicating some operational cash generation capability • Valuation: Trading at low price-to-book ratio of 0.70, suggesting potential undervaluation, though negative earnings make traditional P/E ratios less meaningful • Other Considerations: Substantial unencumbered assets provide financing flexibility, deferred $3 billion in capital expenditures to preserve cash, and Pratt & Whitney engine issues creating near-term operational constraints but potentially temporary headwinds
Recent development
Over the past few years, JetBlue has undergone significant strategic transformation through its comprehensive JetForward restructuring program launched in 2024. This initiative represents the airline's most ambitious operational overhaul, targeting $800-900 million in incremental EBIT improvements by 2027 through four key priorities: delivering reliable service, building the best East Coast leisure network, offering valued products and perks, and securing financial stability. The most dramatic network changes involved closing 15 underperforming Blue Cities and redeploying over 20% of the airline's capacity to focus on proven East Coast leisure markets and key destinations in Florida and the Caribbean. This included shutting down operations in cities like Burbank, Charlotte, Minneapolis, and San Antonio while strengthening presence in markets like Providence, Hartford, and new additions like Manchester, New Hampshire. JetBlue has significantly enhanced its premium product offerings, launching preferred seating options, revising its Blue Basic fare structure to include carry-on restrictions, and introducing Enhanced EvenMore domestic first-class service. The airline also announced plans for premium lounges at JFK and Boston Logan airports and launched a premium co-branded credit card to capture higher-value customers. Operational reliability has become a central focus, with on-time performance improving by 6 points in 2024 and Net Promoter Scores increasing by nearly 10 points, helping JetBlue rise from last place to 6th in the Wall Street Journal's airline rankings. The company has also been exploring domestic airline partnerships, with management indicating an announcement expected in Q2 2025 to expand TrueBlue earning opportunities and network connectivity. Financial discipline has been paramount, with JetBlue deferring $3 billion in aircraft capital expenditures and implementing aggressive cost reduction programs targeting $200 million in annual savings. The company has also been managing challenges from Pratt & Whitney engine reliability issues, which have required aircraft groundings and capacity adjustments throughout the restructuring period.
JBLU company profile · for informational purposes only — not investment advice.
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