JetBlue Airways Corp
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
The brand is strong and demand is proven — that is not the issue. The rating is driven by the balance sheet: operations have not covered interest in any year since 2022 (interest coverage of about −0.6 in 2025), equity has shrunk 67 percent since 2019, and about two-thirds of owned property, equipment and intangible assets are already tied up as collateral. The 10-Q contains no going-concern warning, and according to the company, $2.2 billion of liquidity covers at least twelve months. What the next reports need to show:does the full-year margin guidance hold, do fuel prices fall, and does JetForward show up in earnings? The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
JetBlue is a textbook example of how the bargain trap works: the stock traded below $3 in mid-October 2026, the planes are full, and Spirit’s exit opens growth in Fort Lauderdale. Behind that, however, stand six loss years, $8.48 billion of debt with $588 million of interest expense in 2025, and shareholders’ equity that has shrunk by two-thirds since 2019. Not investment advice.
Demand & brand
Second-quarter 2026 revenue +14.5 percent to $2.70 billion, unit revenue +10.9 percent, load factor 82.7 percent. In Fort Lauderdale, capacity grew nearly 40 percent after Spirit’s exit, with 11 percent higher unit revenue.
Profitability
Losses every year since 2020, $3.6 billion in total through 2025; another $566 million in the first half of 2026. In the second quarter of 2026, fuel expense rose by $407 million, more than revenue.
Debt & interest
$8.48 billion of debt as of June 30, 2026; interest expense of $588 million in 2025 against an operating loss of $368 million — interest coverage of about −0.6. About 67 percent of owned property, equipment and intangible assets are pledged or committed.
Equity & liquidity
Equity fell from $4.80 billion (2019) to $1.59 billion (June 30, 2026), −$533 million in the first half of 2026 alone. Liquidity of $2.2 billion plus an undrawn $600 million credit line; sufficient for at least twelve months, according to the company.
JetForward turnaround
By the company’s estimate, $470 million of cumulative incremental operating income through June 2026, targeting $850 million to $950 million a year by the end of 2027; 2028 target of at least $1.00 of EPS assuming jet fuel at $3.00 per gallon.
Worth Noting
JetBlue made our research list through the Reddit hype scan of Oct. 17, 2026. The latest periodic report is the 10-Q for June 30, 2026 (filed July 28, 2026, together with the earnings release and guidance); all filings through Oct. 17, 2026, were reviewed (8-Ks of Aug. 27 and Sept. 10, 2026, Schedule 13D/A of Aug. 20, 2026, S-8 of July 31, 2026, Form 4 through Oct. 2, 2026). The 10-Q for Sept. 30, 2026, had not been filed as of Oct. 17, 2026.
Market value (about $1.1 billion) calculated from 377,312,181 shares (10-Q, as of June 30, 2026) and the Oct. 16, 2026 close ($2.93). Cross-check with the sale price in the insider filing (Form 4) of Sept. 30, 2026 ($4.29): about $1.6 billion. An older market value from the fundamental data (as of July 2026, about $2.2 billion) was not used because it predates the price decline.
Interest coverage, enterprise value (market value plus debt of $8.48 billion minus cash and investment securities of $2.17 billion), book equity per share and the sum of losses 2020–2025 are our calculations. Multi-year figures 2019–2023 come from the XBRL data of the respective annual reports; 2019 debt ($2.35 billion) includes finance lease obligations.
Adjusted operating margin and unit costs excluding fuel are company metrics without a U.S. GAAP definition. JetForward contributions ($470 million cumulative) are management estimates, not audited figures.
Stock Watch
This analysis is as of October 17, 2026. Stock Watch will tell you what's changed at JBLU since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 2.40 $ to 6.50 $ · Last price: 2.90 $ (As of: October 30, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 10/30/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Airlines
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| JetBlue Airways Corp JBLU | 1.1 | – | 30.2 | 20.2 | -10.0 | -2.3 | -25.4 |
| Delta Air Lines Inc DAL | 52.3 | 11.9 | 13.2 | 17.9 | 3.2 | 2.8 | 41.8 |
| United Airlines Holdings Inc UAL | 33.0 | 9.3 | 9.1 | 30.9 | 4.4 | 3.5 | 11.6 |
| Southwest Airlines Company LUV | 20.7 | 28.7 | 7.6 | 22.1 | 4.6 | 2.1 | 43.5 |
| LATAM Airlines Group S.A. LTM | 12.4 | 7.8 | 8.3 | 27.0 | 5.3 | 11.2 | -3.7 |
| American Airlines Group AAL | 8.3 | 41.3 | 33.5 | 20.8 | -0.1 | 0.8 | -1.5 |
| Copa Holdings SA CPA | 5.3 | 8.5 | 8.0 | 37.7 | 8.6 | 5.0 | 9.4 |
| Alaska Air Group Inc ALK | 4.0 | 77.0 | 12.8 | 16.7 | -7.6 | 21.3 | -13.5 |
| SkyWest Inc SKYW | 3.3 | 7.9 | 8.7 | 30.9 | 12.2 | 15.0 | -0.1 |
| Median of companies shown | 8.3 | 10.6 | 9.1 | 22.1 | 4.4 | 3.5 | -0.1 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 6,632 | 1,260 | 727 | 2.12 | 1,632 | 4,013 | 9,487 |
| 2017 | 7,012 | 973 | 1,140 | 3.46 | 1,398 | 4,834 | 9,781 |
| 2018 | 7,658 | 266 | 189 | 0.60 | 1,217 | 4,611 | 10,426 |
| 2019 | 8,094 | 800 | 569 | 1.91 | 1,449 | 4,799 | 11,918 |
| 2020 | 2,957 | -1,714 | -1,354 | -4.88 | -683 | 3,951 | 13,406 |
| 2021 | 6,037 | -80 | -182 | -0.57 | 1,642 | 3,849 | 14,846 |
| 2022 | 9,158 | -298 | -362 | -1.12 | 379 | 3,563 | 14,445 |
| 2023 | 9,615 | -230 | -310 | -0.93 | 400 | 3,337 | 15,331 |
| 2024 | 9,279 | -684 | -795 | -2.29 | 144 | 2,641 | 16,841 |
| 2025 | 9,062 | -368 | -602 | -1.63 | -94 | 2,120 | 18,626 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.13 | – | 2,277 | -2.10 | -1.90 | -17 | -434 |
| 2025: Q1 | -0.59 | – | 2,140 | -3.10 | -9.70 | 114 | -63 |
| 2025: Q2 | -0.20 | -385.80 | 2,356 | -3.00 | -3.10 | -115 | -234 |
| 2025: Q3 | -0.39 | – | 2,322 | -1.80 | -6.20 | -142 | -423 |
| 2025: Q4 | -0.48 | – | 2,244 | -1.40 | -7.90 | 49 | -296 |
| 2026: Q1 | -0.87 | – | 2,240 | 4.70 | -14.20 | 120 | 3 |
| 2026: Q2 | -0.66 | -230.00 | 2,697 | 14.50 | -9.20 | -155 | -155 |
| 2026: Q3 | -0.68 | -74.40 | 2,812 | 21.10 | -9.10 | -238 | -238 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 13 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- High ADR (≥5%)
- Mark Minervini: Trend Criteria — 1 Month
- Power Trend
- Stan Weinstein: Stage 2
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -2.76 | -2.90 – -2.70 | 10,519 | -68.0% | 7 |
| 12/31/2027 | -1.18 | -2.25 – -0.30 | 11,368 | 57.2% | 16 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Geprüft am 17.10.2026 gegen die Geschäftsberichte (10-K) für 2025 (eingereicht 12.02.2026) und 2024 (14.02.2025) sowie die Quartalsberichte (10-Q) zum 30.06.2026, 31.03.2026, 30.09.2025 und 30.06.2025: JetBlue setzt nach eigener Darstellung vorhersagende und generative KI im Betrieb ein — für Echtzeit-Entscheidungen im Flugbetrieb, zugeschnittene Kundenansprache, Nachfrageprognosen und Planung — und nennt den Ausbau KI- und datengestützter Fähigkeiten im Quartalsbericht zum 30.06.2026 ausdrücklich als Teil der Kostensenkung im Umbauplan JetForward. KI ist keine Umsatzquelle der Fluggesellschaft; die KI-Risikofaktoren in Item 1A sind allgemeine Rechts-, Daten- und Modellrisiken und kein Beleg für eine geschäftsspezifische Bedrohung. Ergebnis nach Vorrang-Regel: „nutzt“.
View the full file — quotes, sources, reviewed filings
„We leverage automated technologies and systems, including predictive and generative AI solutions, to enable more efficient operation of our business."
Wir nutzen automatisierte Technologien und Systeme, darunter vorhersagende und generative KI-Lösungen, um unser Geschäft effizienter zu betreiben.
10-K · 2026-02-12 · View SEC filing
„These capabilities are applied across a range of business areas, including providing support for real-time operational decisions, enabling tailored customer interactions, and informing demand forecasting and commercial strategies."
Diese Fähigkeiten werden in einer Reihe von Geschäftsbereichen eingesetzt, unter anderem zur Unterstützung operativer Entscheidungen in Echtzeit, für zugeschnittene Kundenkontakte sowie als Grundlage für Nachfrageprognosen und kommerzielle Strategien.
10-K · 2026-02-12 · View SEC filing
„JetForward continued to support profitability through cost initiatives, including enhanced digital tools and technology modernization to improve crewmember productivity, improved fuel efficiency through advanced flight planning and routing, real-time data, and predictive analytics, and expanded AI- and data science-enabled capabilities to improve planning, automate decision-making, and better manage disruptions."
JetForward stützte die Ertragskraft weiter durch Kosteninitiativen, darunter bessere digitale Werkzeuge und eine modernisierte Technik für eine höhere Produktivität der Mitarbeiter, eine bessere Treibstoffeffizienz durch fortschrittliche Flugplanung und Streckenführung, Echtzeitdaten und vorausschauende Analysen sowie erweiterte KI- und datenwissenschaftliche Fähigkeiten, um die Planung zu verbessern, Entscheidungen zu automatisieren und Störungen besser zu bewältigen.
10-Q · 2026-07-28 · View SEC filing
Filings Reviewed: 10-Q 2026-07-28 · 10-Q 2026-04-28 · 10-K 2026-02-12 · 10-Q 2025-10-28 · 10-Q 2025-07-29 · 10-K 2025-02-14
Rated on October 17, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -0.4%
- More than 10% revenue growth is expected for the coming year 7.3%
- Share count grows by less than 3% a year 4.4%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -15.8%
- Gross margin at 40% or higher and without meaningful erosion 33.9%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 16.2 x EBITDA
- Operating cash flow covers the profits of the last three years 2,157 m
- Return on capital at 15% or higher, or up versus two years ago -2.6%
- Insiders hold at least 10% or are net buyers 10.7%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
2/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 3.5%
- Exp. sales growth 3Y > 5% 12.0%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 12.0%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 4
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% -35.3%
- ROCE > 15% -2.6%
- Expected return > 10% -113.9%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Oct 22, 2026 | McCarthy Eileen P | General Counsel Corp Sec | Other | 11,195 | 2.93 | 32,801 |
| Oct 22, 2026 | McCarthy Eileen P | General Counsel Corp Sec | Other | 27,777 | – | – |
| Sep 30, 2026 | Clements Carol Ann | Chief Digital & Tech Officer | Sell | 2,000 | 4.29 | 8,580 |
| Aug 31, 2026 | Clements Carol Ann | Chief Digital & Tech Officer | Sell | 2,000 | 4.71 | 9,420 |
| Jul 30, 2026 | Hurley Ursula L | Chief Financial Officer | Sell | 74,276 | 5.75 | 427,087 |
| Jul 30, 2026 | Hurley Ursula L | Chief Financial Officer | Sell | 2,977 | 6.00 | 17,862 |
| Jul 30, 2026 | Clements Carol Ann | Chief Digital & Tech Officer | Sell | 2,000 | 5.75 | 11,500 |
The company
About the Company
JetBlue Airways Corporation bietet Lufttransportdienste an. Das Unternehmen betreibt eine Flotte aus Airbus A220, Airbus A320, Airbus A320 Restyled, Airbus A321, Airbus A321 mit Mint, Airbus A321neo, Airbus A321neo mit Mint und Airbus A321neoLR mit Mint.
- Employees
- 19,647
- Headquarters
- Long Island City, NY
- Address
- 27-01 Queens Plaza North, 11101 Long Island City, United States
- Phone
- 718 286 7900
- Website
- jetblue.com
- IPO Date
- 04/12/2002
- ISIN
- US4771431016
- Stock Split
- 3:2 on 12/27/2005
- Stock Split
- 3:2 on 11/21/2003
- Stock Split
- 3:2 on 12/13/2002
Management
| Name | Title | Birth Year |
|---|---|---|
| Joanna L. Geraghty | CEO & Director | 1973 |
| Martin J. St. George | President | 1964 |
| Ursula L. Hurley | Chief Financial Officer | 1982 |
| Warren Christie | Chief Operating Officer | 1967 |
| Carol Ann Clements | Chief Digital & Technology Officer | 1976 |
| Dawn Southerton | VP, Controller, Principal Accounting Officer & Chief Accounting Officer | 1968 |
| Koosh Rohit Patel | Director of Investor Relations | – |
| Eileen P. McCarthy | General Counsel & Corporate Secretary | 1967 |
| Doug McGraw | Chief Communications Officer | – |
| Stephanie Evans Greene | Senior VP of Marketing & Brand | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 10/26/2026 JETBLUE AIRWAYS CORP (JBLU): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 09/10/2026 JETBLUE AIRWAYS CORP (JBLU): Regulation FD Disclosure SEC ↗
- 08/27/2026 JETBLUE AIRWAYS CORP (JBLU): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 07/28/2026 JETBLUE AIRWAYS CORP (JBLU): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: October 30, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.