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JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A220, Airbus A320, Airbus A320 Restyled, Airbus A321, Airbus A321 with Mint, Airbus A321neo, Airbus A321neo with Mint, and Airbus A321neoLR with Mint aircraft. It also serves 100 destinations across the United States, the Caribbean, Latin America, Canada, and Europe. In addition, it operates airport lounges, as well as provides vacation services. JetBlue Airways Corporation was incorporated in 1998 and is based in Long Island City, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $9.1B | $493M | $-602M | $-1.2B | -28.4% | -2.3% | -24.3% |
| 2024 | $9.3B | $108M | $-795M | $-1.5B | -30.1% | -3.5% | 156.5% |
| 2023 | $9.6B | $478M | $-310M | $-806M | -9.3% | 5.0% | -14.4% |
| 2022 | $9.2B | $296M | $-362M | $-544M | -10.2% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,158 | 9,615 | 9,279 | 9,062 |
| Operating Revenue | - | 8,586 | 9,008 | 8,617 | 8,336 |
| Cost Of Revenue | - | 7,771 | 7,920 | 7,640 | 7,721 |
| Gross Profit | - | 1,387 | 1,695 | 1,639 | 1,341 |
| Operating Expense | - | 1,572 | 1,728 | 1,732 | 1,679 |
| Selling General And Administration | - | 289 | 316 | 328 | 305 |
| Total Expenses | - | 9,343 | 9,648 | 9,372 | 9,400 |
| Operating Income | - | -185 | -33 | -93 | -338 |
| Total Operating Income As Reported | - | -298 | -230 | -684 | -368 |
| EBITDA | - | 296 | 478 | 108 | 493 |
| Normalized EBITDA | - | 418 | 666 | 704 | 505 |
| EBIT | - | -289 | -143 | -547 | -195 |
| Interest Income | - | 21 | 70 | 111 | 127 |
| Interest Expense | - | 148 | 191 | 350 | 579 |
| Net Interest Income | - | -127 | -121 | -239 | -452 |
| Other Non Operating Income Expenses | - | -3 | 8 | 31 | 28 |
| Other Income Expense | - | -125 | -180 | -565 | 16 |
| Interest Income Non Operating | - | 21 | 70 | 111 | 127 |
| Interest Expense Non Operating | - | 148 | 191 | 350 | 579 |
| Net Non Operating Interest Income Expense | - | -127 | -121 | -239 | -452 |
| Pretax Income | - | -437 | -334 | -897 | -774 |
| Tax Provision | - | -75 | -24 | -102 | -172 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -20.94 | -13.51 | -67.77 | -2.67 |
| Net Income Continuous Operations | - | -362 | -310 | -795 | -602 |
| Net Income From Continuing And Discontinued Operation | - | -362 | -310 | -795 | -602 |
| Net Income From Continuing Operation Net Minority Interest | - | -362 | -310 | -795 | -602 |
| Net Income | - | -362 | -310 | -795 | -602 |
| Net Income Common Stockholders | - | -362 | -310 | -795 | -602 |
| Net Income Including Noncontrolling Interests | - | -362 | -310 | -795 | -602 |
| Normalized Income | - | -260.94 | -135.51 | -266.77 | -592.67 |
| Diluted NI Availto Com Stockholders | - | -362 | -310 | -795 | -602 |
| Basic Average Shares | - | 323.60 | 332.90 | 346 | 362.10 |
| Diluted Average Shares | - | 323.60 | 332.90 | 346 | 362.10 |
| Reconciled Depreciation | - | 585 | 621 | 655 | 688 |
| Reconciled Cost Of Revenue | - | 7,771 | 7,920 | 7,640 | 7,721 |
| Total Unusual Items | - | -122 | -188 | -596 | -12 |
| Total Unusual Items Excluding Goodwill | - | -122 | -188 | -596 | -12 |
| Special Income Charges | - | -113 | -197 | -569 | -30 |
| Other Special Charges | - | 61 | 197 | 537 | 2 |
| Impairment Of Capital Assets | - | 52 | 0 | 15 | 0 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 17 | 28 |
| Gain On Sale Of Security | - | -9 | 9 | -27 | 18 |
| Gain On Sale Of Ppe | 0 | 0 | - | - | - |
| Rent Expense Supplemental | - | 658 | 783 | 751 | 732 |
| Other Operating Expenses | - | 1,283 | 1,412 | 1,404 | 1,374 |
| Selling And Marketing Expense | - | 289 | 316 | 328 | 305 |
| Earnings From Equity Interest | 44 | -9 | - | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| JetBlue Airways Corporationthis co. | JBLU | $1.8B | -2.99 | 0.85 | -28.4% | 18.80 |
| Preformed Line Products Company | PLPC | $1.8B | 52.13 | 3.87 | 7.4% | 25.78 |
| Enovix Corporation | ENVX | $1.8B | - | 6.72 | -57.8% | - |
| CBIZ, Inc. | CBZ | $1.8B | 15.50 | 1.02 | 6.6% | 9.83 |
| Proto Labs, Inc. | PRLB | $1.8B | 83.79 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.64 |
| 3.2% |
| 27.86 |
| Enerpac Tool Group Corp. | EPAC | $1.8B | 18.89 | 4.04 | 21.4% | 12.23 |
| Vestis Corporation | VSTS | $1.7B | -43.48 | 2.02 | -4.6% | 16.43 |
| Huron Consulting Group Inc. | HURN | $1.7B | 16.54 | 3.29 | 19.9% | 10.27 |
| Ameresco, Inc. | AMRC | $1.7B | 39.14 | 1.60 | 4.1% | 15.21 |
| Peer Median | - | 18.89 | 2.96 | 5.3% | 15.21 | |