JetBlue Airways (JBLU) Financials

$5.12 +0.18 (+3.64%)

As of 04:00 PM Eastern

Annual Income Statements for JetBlue Airways

This table shows JetBlue Airways' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-795	-310	-362	-182	-1,354	569	189	1,140	727	677	401
Consolidated Net Income / (Loss)	-795	-310	-362	-182	-1,354	569	189	1,140	727	677	401
Net Income / (Loss) Continuing Operations	-795	-310	-362	-182	-1,354	569	189	1,140	727	677	401
Total Pre-Tax Income	-897	-334	-437	-263	-1,893	768	219	918	1,164	1,097	623
Total Operating Income	-684	-230	-298	-80	-1,714	800	266	973	1,260	1,216	515
Total Gross Profit	2,294	2,316	1,972	890	-590	2,735	2,524	2,600	2,782	2,574	1,748
Total Revenue	9,279	9,615	9,158	6,037	2,957	8,094	7,658	7,012	6,584	6,416	5,817
Operating Revenue	9,279	9,615	9,158	6,037	2,957	8,094	7,658	7,012	6,584	5,893	5,343
Total Cost of Revenue	6,985	7,299	7,186	5,147	3,547	5,359	5,134	4,412	3,802	3,842	4,069
Operating Cost of Revenue	6,985	7,299	7,186	5,147	3,547	5,359	5,134	4,412	3,802	3,842	4,069
Total Operating Expenses	2,978	2,546	2,270	970	1,124	1,935	2,258	1,627	1,522	1,358	1,233
Selling, General & Admin Expense	1,404	1,412	1,283	1,080	762	1,106	1,060	932	866	749	682
Marketing Expense	328	316	289	183	110	290	294	271	263	264	231
Depreciation Expense	655	621	585	540	535	525	469	424	393	345	320
Other Special Charges / (Income)	591	197	113	-833	-283	14	435	0.00	0.00	-	-
Total Other Income / (Expense), net	-213	-104	-139	-183	-179	-32	-47	-55	-96	-119	108
Interest Expense	328	191	148	175	156	47	60	61	103	120	134
Interest & Investment Income	84	79	12	47	0.00	-	13	6.00	7.00	1.00	1.00
Other Income / (Expense), net	31	8.00	-3.00	-55	-23	15	0.00	0.00	-	-	241
Income Tax Expense	-102	-24	-75	-81	-539	199	30	-222	437	420	222
Basic Earnings per Share	($2.30)	($0.93)	($1.12)	($0.57)	($4.88)	$1.92	$0.60	$3.47	$2.23	$2.15	$1.36
Weighted Average Basic Shares Outstanding	353.00M	339.28M	327.27M	320.19M	632.06M	282.20M	312.90M	328.70M	326.50M	315.10M	294.70M
Diluted Earnings per Share	($2.30)	($0.93)	($1.12)	($0.57)	($4.88)	$1.91	$0.60	$3.45	$2.13	$1.98	$1.19
Weighted Average Diluted Shares Outstanding	353.00M	339.28M	327.27M	320.19M	632.06M	282.20M	312.90M	328.70M	326.50M	315.10M	294.70M
Weighted Average Basic & Diluted Shares Outstanding	353.00M	339.28M	327.27M	320.19M	632.06M	282.20M	312.90M	328.70M	326.50M	315.10M	294.70M

This table shows JetBlue Airways' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-208	-44	-60	25	-716	-103	-153	138	-192	24	57
Consolidated Net Income / (Loss)	-208	-44	-60	25	-716	-103	-153	138	-192	24	57
Net Income / (Loss) Continuing Operations	-208	-44	-60	25	-716	-103	-153	138	-192	24	57
Total Pre-Tax Income	-271	-83	-78	31	-767	-110	-174	216	-266	7.00	105
Total Operating Income	-174	16	-38	57	-719	-67	-156	235	-242	43	139
Total Gross Profit	397	594	597	666	437	547	485	850	434	580	723
Total Revenue	2,140	2,277	2,365	2,428	2,209	2,324	2,353	2,610	2,328	2,415	2,562
Operating Revenue	2,140	2,277	2,365	2,428	2,209	2,324	2,353	2,610	2,328	2,415	2,562
Total Cost of Revenue	1,743	1,683	1,768	1,762	1,772	1,777	1,868	1,760	1,894	1,835	1,839
Operating Cost of Revenue	1,743	1,683	1,768	1,762	1,772	1,777	1,868	1,760	1,894	1,835	1,839
Total Operating Expenses	571	578	635	609	1,156	614	641	615	676	537	584
Selling, General & Admin Expense	333	325	362	358	359	348	373	354	337	258	343
Marketing Expense	70	83	81	87	77	78	80	82	76	73	81
Depreciation Expense	168	169	165	163	158	160	155	155	151	150	147
Other Operating Expenses / (Income)	0.00	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-97	-99	-40	-26	-48	-43	-18	-19	-24	-36	-34
Interest Expense	145	145	75	59	49	60	48	42	41	50	33
Interest & Investment Income	39	43	28	16	-3.00	23	19	22	15	15	0.00
Other Income / (Expense), net	9.00	3.00	7.00	17	4.00	-6.00	11	1.00	2.00	-1.00	-1.00
Income Tax Expense	-63	-39	-18	6.00	-51	-7.00	-21	78	-74	-17	48
Basic Earnings per Share	($0.59)	($0.09)	($0.17)	$0.07	($2.11)	($0.30)	($0.46)	$0.41	($0.58)	$0.07	$0.18
Weighted Average Basic Shares Outstanding	354.34M	353.00M	346.88M	346.83M	340.14M	339.28M	333.29M	333.25M	327.90M	327.27M	323.88M
Diluted Earnings per Share	($0.59)	($0.09)	($0.17)	$0.07	($2.11)	($0.30)	($0.46)	$0.41	($0.58)	$0.07	$0.18
Weighted Average Diluted Shares Outstanding	354.34M	353.00M	346.88M	346.83M	340.14M	339.28M	333.29M	333.25M	327.90M	327.27M	323.88M
Weighted Average Basic & Diluted Shares Outstanding	354.34M	353.00M	346.88M	346.83M	340.14M	339.28M	333.29M	333.25M	327.90M	327.27M	323.88M

This table details how cash moves in and out of JetBlue Airways' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	831	129	-889	108	951	485	174	-136	114	-23	116
Net Cash From Operating Activities	144	400	379	1,642	-683	1,449	1,200	1,379	1,632	1,598	912
Net Cash From Continuing Operating Activities	144	400	379	1,642	-683	1,449	1,200	1,379	1,632	1,598	912
Net Income / (Loss) Continuing Operations	-795	-310	-362	-182	-1,354	569	189	1,140	727	677	401
Consolidated Net Income / (Loss)	-795	-310	-362	-182	-1,354	569	189	1,140	727	677	401
Depreciation Expense	655	621	585	540	535	525	469	383	337	288	263
Non-Cash Adjustments To Reconcile Net Income	471	39	94	29	418	10	347	29	23	20	-221
Changes in Operating Assets and Liabilities, net	-187	50	62	1,255	-282	345	195	-214	489	556	407
Net Cash From Investing Activities	-3,080	-1,378	-908	-704	-1,349	-1,129	-1,157	-979	-1,046	-1,134	-379
Net Cash From Continuing Investing Activities	-3,080	-1,378	-908	-704	-1,349	-1,129	-1,157	-979	-1,046	-1,134	-379
Purchase of Property, Plant & Equipment	-1,619	-1,206	-923	-995	-791	-1,156	-1,114	-1,202	-1,011	-941	-857
Acquisitions	-22	-131	-297	0.00	0.00	-	-	-	-	-	-
Purchase of Investments	-2,530	-543	-615	-1,614	-1,962	-1,374	-1,408	-452	-873	-742	-696
Sale of Property, Plant & Equipment	30	12	0.00	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	1,069	501	936	1,910	1,195	1,414	1,380	688	850	555	777
Other Investing Activities, net	-8.00	-11	-9.00	-5.00	209	-13	-15	-13	-12	-6.00	397
Net Cash From Financing Activities	3,767	1,107	-360	-830	2,983	165	131	-536	-472	-487	-417
Net Cash From Continuing Financing Activities	3,767	1,107	-360	-830	2,983	165	131	-536	-472	-487	-417
Repayment of Debt	-748	-351	-406	-1,892	-1,373	-325	-222	-194	-383	-330	-718
Issuance of Debt	3,793	78	0.00	1,010	3,522	981	687	0.00	0.00	-	342
Issuance of Common Equity	60	53	52	60	647	51	48	48	45	84	41
Other Financing Activities, net	662	1,327	-6.00	-8.00	187	-542	-382	-390	-134	-241	-82
Cash Interest Paid	230	80	124	180	139	62	59	60	-	-	-
Cash Income Taxes Paid	-2.00	49	45	-3.00	5.00	-52	11	139	-	-	-

This table details how cash moves in and out of JetBlue Airways' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	385	-653	1,355	53	76	195	-488	131	291	-296	-206
Net Cash From Operating Activities	114	-17	-29	-14	204	-86	-177	258	405	58	22
Net Cash From Continuing Operating Activities	114	-17	-29	-14	204	-86	-177	258	405	58	22
Net Income / (Loss) Continuing Operations	-208	-44	-60	25	-716	-103	-153	138	-192	24	57
Consolidated Net Income / (Loss)	-208	-44	-60	25	-716	-103	-153	138	-192	24	57
Depreciation Expense	168	168	165	164	158	159	156	155	151	189	134
Non-Cash Adjustments To Reconcile Net Income	-11	13	-13	9.00	462	8.00	9.00	12	10	64	7.00
Changes in Operating Assets and Liabilities, net	165	-154	-121	-212	300	-150	-189	-47	436	-180	-189
Net Cash From Investing Activities	357	-915	-1,497	-269	-399	-451	-552	-335	-40	-261	-162
Net Cash From Continuing Investing Activities	357	-915	-1,497	-269	-399	-451	-552	-335	-40	-261	-162
Purchase of Property, Plant & Equipment	-187	-417	-285	-451	-466	-433	-316	-285	-172	-324	-260
Acquisitions	0.00	-	-	-	-22	-33	-32	-33	-33	-272	-25
Purchase of Investments	-50	-720	-1,809	-	-1.00	-44	-307	-86	-106	-3.00	-66
Sale of Property, Plant & Equipment	44	22	-	-	-	12	-	-	-	-	-
Sale and/or Maturity of Investments	550	201	590	184	94	55	106	69	271	345	184
Other Investing Activities, net	0.00	-1.00	-1.00	-2.00	-4.00	-8.00	-3.00	-	0.00	-7.00	5.00
Net Cash From Financing Activities	-86	279	2,881	336	271	732	241	208	-74	-93	-66
Net Cash From Continuing Financing Activities	-86	279	2,881	336	271	732	241	208	-74	-93	-66
Repayment of Debt	-81	-117	-461	-112	-58	-97	-54	-91	-109	-116	-66
Other Financing Activities, net	-5.00	60	137	136	329	807	295	190	35	-	-
Cash Interest Paid	97	145	1.00	60	24	41	7.00	26	6.00	38	26
Cash Income Taxes Paid	2.00	4.00	-2.00	2.00	-6.00	99	-102	52	0.00	140	-

This table presents JetBlue Airways' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	16,841	13,853	13,045	13,642	13,406	11,918	10,959	9,781	9,323	8,644	7,839
Total Current Assets	4,258	2,160	1,916	3,245	3,345	1,786	1,388	1,206	1,403	1,373	1,200
Cash & Equivalents	1,921	1,166	1,042	2,018	1,918	959	474	303	433	318	341
Short-Term Investments	1,689	401	350	824	1,135	369	413	390	538	558	367
Accounts Receivable	348	336	317	207	98	231	211	245	172	136	136
Inventories, net	158	109	87	74	71	81	78	55	47	44	46
Prepaid Expenses	142	148	120	122	123	146	212	213	213	172	136
Plant, Property, & Equipment, net	10,656	9,675	9,147	8,814	8,399	8,614	7,983	8,049	7,271	6,652	6,072
Plant, Property & Equipment, gross	15,760	14,499	13,456	12,703	11,878	11,910	10,892	10,786	9,624	8,679	7,817
Accumulated Depreciation	5,104	4,824	4,309	3,889	3,479	3,296	2,909	2,737	2,353	2,027	1,745
Total Noncurrent Assets	1,927	2,018	1,982	1,583	1,662	1,518	1,588	526	649	619	567
Long-Term Investments	336	163	172	39	2.00	3.00	3.00	2.00	90	49	60
Intangible Assets	399	349	298	299	261	241	-	-	-	-	-
Other Noncurrent Operating Assets	965	1,355	1,366	1,186	1,348	1,215	1,526	468	497	507	446
Other Noncurrent Nonoperating Assets	227	151	146	59	51	59	59	56	62	63	61
Total Liabilities & Shareholders' Equity	16,841	13,853	13,045	13,642	13,406	11,918	10,959	9,781	9,323	8,644	7,839
Total Liabilities	14,200	10,516	9,482	9,793	9,455	7,119	6,274	5,049	5,310	5,434	5,310
Total Current Liabilities	3,881	3,628	3,748	3,417	2,674	2,663	2,525	2,146	2,214	2,275	1,936
Short-Term Debt	392	307	554	355	450	344	309	196	189	448	265
Accounts Payable	619	641	532	499	365	401	437	378	242	205	208
Accrued Expenses	542	509	486	359	215	295	298	293	321	267	287
Current Deferred Revenue	1,572	1,463	1,581	1,618	1,122	1,119	1,035	966	1,120	1,053	973
Current Employee Benefit Liabilities	663	591	498	480	409	376	313	313	342	302	203
Other Current Liabilities	93	117	97	106	113	128	133	-	-	-	-
Total Noncurrent Liabilities	10,319	6,888	5,734	6,376	6,781	4,456	3,749	2,903	3,096	3,159	3,374
Long-Term Debt	8,147	4,409	3,093	3,651	4,413	1,990	1,361	1,003	1,195	1,379	1,968
Noncurrent Deferred Revenue	653	740	738	640	616	481	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	633	743	770	843	922	1,251	1,112	999	1,354	1,218	832
Other Noncurrent Operating Liabilities	886	996	1,133	1,242	830	734	1,276	901	547	562	574
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,641	3,337	3,563	3,849	3,951	4,799	4,685	4,732	4,013	3,210	2,529
Total Preferred & Common Equity	2,641	3,337	3,563	3,849	3,951	4,799	4,685	4,732	4,013	3,210	2,529
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,641	3,337	3,563	3,849	3,951	4,799	4,685	4,732	4,013	3,210	2,529
Common Stock	3,325	3,226	3,134	3,052	2,964	2,257	2,207	2,131	2,054	1,900	1,715
Retained Earnings	1,319	2,114	2,424	2,786	2,968	4,322	3,753	3,491	2,446	1,679	1,002
Treasury Stock	-2,005	-1,999	-1,995	-1,989	-1,981	-1,782	-1,272	-890	-500	-366	-125
Accumulated Other Comprehensive Income / (Loss)	2.00	-4.00	0.00	0.00	0.00	2.00	-3.00	0.00	13	-3.00	-63

This table presents JetBlue Airways' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	17,101	16,627	13,993	13,721	13,412	13,481	13,227	13,330
Total Current Assets	4,191	4,555	2,084	2,164	1,970	2,230	2,098	2,611
Cash & Equivalents	2,297	2,594	1,312	1,237	973	1,462	1,333	1,401
Short-Term Investments	1,205	1,414	184	326	409	205	204	692
Accounts Receivable	361	282	336	362	329	309	331	298
Inventories, net	163	140	130	111	97	89	76	79
Prepaid Expenses	165	125	122	128	162	165	154	141
Plant, Property, & Equipment, net	10,672	10,396	10,296	9,944	9,439	9,292	9,158	9,037
Plant, Property & Equipment, gross	15,874	15,419	15,200	14,739	14,134	13,857	13,596	13,280
Accumulated Depreciation	5,202	5,023	4,904	4,795	4,695	4,565	4,438	4,243
Total Noncurrent Assets	2,238	1,676	1,613	1,613	2,003	1,959	1,971	1,682
Long-Term Investments	322	94	104	145	166	169	153	175
Intangible Assets	399	394	388	383	346	333	310	258
Other Noncurrent Operating Assets	1,281	981	987	929	1,342	1,309	1,362	1,166
Other Noncurrent Nonoperating Assets	236	207	134	156	149	148	146	83
Total Liabilities & Shareholders' Equity	17,101	16,627	13,993	13,721	13,412	13,481	13,227	13,330
Total Liabilities	14,656	13,983	11,296	11,088	9,992	9,927	9,854	9,823
Total Current Liabilities	4,140	3,755	3,894	4,022	3,723	3,890	4,010	3,903
Short-Term Debt	384	363	354	330	272	271	263	524
Accounts Payable	648	612	660	647	691	699	626	600
Accrued Expenses	585	528	577	613	479	526	554	421
Current Deferred Revenue	1,773	1,503	1,614	1,723	1,592	1,751	1,926	1,745
Current Employee Benefit Liabilities	648	650	586	597	574	530	543	510
Other Current Liabilities	102	99	103	112	115	113	98	103
Total Noncurrent Liabilities	10,516	10,228	7,402	7,066	6,269	6,037	5,844	5,920
Long-Term Debt	8,090	7,868	5,016	4,682	3,729	3,486	3,316	3,235
Noncurrent Deferred Revenue	654	760	740	743	766	726	731	702
Noncurrent Deferred & Payable Income Tax Liabilities	566	674	694	689	750	774	692	790
Other Noncurrent Operating Liabilities	1,206	926	952	952	1,024	1,051	1,105	1,193
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,445	2,644	2,697	2,633	3,420	3,554	3,373	3,507
Total Preferred & Common Equity	2,445	2,644	2,697	2,633	3,420	3,554	3,373	3,507
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,445	2,644	2,697	2,633	3,420	3,554	3,373	3,507
Common Stock	3,337	3,288	3,279	3,238	3,197	3,188	3,144	3,107
Retained Earnings	1,111	1,363	1,423	1,398	2,217	2,370	2,232	2,400
Treasury Stock	-2,010	-2,004	-2,004	-2,002	-1,998	-1,998	-1,998	-1,995
Accumulated Other Comprehensive Income / (Loss)	7.00	-3.00	-1.00	-1.00	4.00	-6.00	-5.00	-5.00

This table displays calculated financial ratios and metrics derived from JetBlue Airways' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.49%	4.99%	51.70%	104.16%	-63.47%	5.69%	9.21%	6.50%	2.62%	10.30%	6.91%
EBITDA Growth	-99.50%	40.49%	-29.88%	133.69%	-189.70%	82.31%	-47.39%	-15.49%	5.89%	44.40%	47.28%
EBIT Growth	-194.14%	26.25%	-122.96%	92.23%	-313.13%	206.39%	-72.66%	-22.78%	3.62%	60.85%	76.64%
NOPAT Growth	-197.39%	22.82%	-272.50%	95.33%	-302.43%	158.19%	-81.00%	53.54%	4.87%	126.39%	28.62%
Net Income Growth	-156.45%	14.36%	-98.90%	86.56%	-337.96%	201.06%	-83.42%	56.81%	7.39%	68.83%	138.69%
EPS Growth	-147.31%	16.96%	-96.49%	88.32%	-355.50%	218.33%	-82.61%	61.97%	7.58%	66.39%	128.85%
Operating Cash Flow Growth	-64.00%	5.54%	-76.92%	340.41%	-147.14%	20.75%	-12.98%	-15.50%	2.13%	75.22%	20.32%
Free Cash Flow Firm Growth	-57.72%	-4.96%	-207.68%	163.27%	-555.52%	7,079.50%	-98.82%	-46.21%	-11.42%	98.58%	102.56%
Invested Capital Growth	13.53%	12.22%	11.90%	-13.89%	-0.61%	6.23%	4.36%	21.20%	5.56%	2.95%	0.31%
Revenue Q/Q Growth	-0.50%	-0.94%	20.03%	3.87%	-31.66%	0.80%	2.82%	2.41%	-0.02%	2.36%	1.41%
EBITDA Q/Q Growth	102.02%	-26.65%	-13.94%	371.81%	-148.86%	3.47%	11.03%	-5.54%	-4.34%	12.14%	37.88%
EBIT Q/Q Growth	12.35%	-107.48%	-24.90%	80.00%	-68.15%	3.43%	20.36%	-7.07%	-6.39%	15.26%	63.99%
NOPAT Q/Q Growth	10.82%	-91.67%	-49.00%	88.15%	-65.92%	-2.66%	-70.75%	82.57%	-6.32%	15.54%	11.85%
Net Income Q/Q Growth	6.91%	-69.40%	-37.64%	73.16%	-65.12%	-1.56%	-72.57%	86.89%	-6.44%	17.74%	11.39%
EPS Q/Q Growth	8.37%	-66.07%	-40.00%	74.67%	-60.53%	0.00%	-71.29%	89.56%	-6.58%	17.86%	10.19%
Operating Cash Flow Q/Q Growth	92.00%	-26.47%	82.21%	26.80%	-2,539.29%	-1.70%	-2.99%	-0.14%	0.68%	7.83%	-0.55%
Free Cash Flow Firm Q/Q Growth	4.72%	6.72%	90.71%	-91.33%	-34.49%	0.31%	-98.89%	202.80%	-11.65%	-11.33%	31.28%
Invested Capital Q/Q Growth	6.72%	7.83%	11.90%	240.75%	4.12%	7.57%	8.45%	14.60%	7.98%	7.86%	2.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.72%	24.09%	21.53%	14.74%	-19.95%	33.79%	32.96%	37.08%	42.25%	40.12%	30.05%
EBITDA Margin	0.02%	4.15%	3.10%	6.71%	-40.65%	16.56%	9.60%	19.92%	25.11%	24.33%	18.58%
Operating Margin	-7.37%	-2.39%	-3.25%	-1.33%	-57.96%	9.88%	3.47%	13.88%	19.14%	18.95%	8.85%
EBIT Margin	-7.04%	-2.31%	-3.29%	-2.24%	-58.74%	10.07%	3.47%	13.88%	19.14%	18.95%	13.00%
Profit (Net Income) Margin	-8.57%	-3.22%	-3.95%	-3.01%	-45.79%	7.03%	2.47%	16.26%	11.04%	10.55%	6.89%
Tax Burden Percent	88.63%	92.81%	82.84%	69.20%	71.53%	74.09%	86.30%	124.18%	62.46%	61.71%	64.37%
Interest Burden Percent	137.37%	150.45%	145.18%	194.81%	108.98%	94.23%	82.33%	94.35%	92.38%	90.21%	82.41%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	25.91%	13.70%	-24.18%	37.54%	38.29%	35.63%
Return on Invested Capital (ROIC)	-7.27%	-2.76%	-4.01%	-1.05%	-20.96%	10.63%	4.34%	25.56%	18.91%	18.80%	8.44%
ROIC Less NNEP Spread (ROIC-NNEP)	-16.05%	-9.00%	-14.22%	-9.98%	-32.37%	7.78%	-2.60%	6.29%	8.01%	12.26%	12.80%
Return on Net Nonoperating Assets (RNNOA)	-19.33%	-6.23%	-5.76%	-3.61%	-9.99%	1.37%	-0.32%	0.51%	1.22%	4.79%	8.76%
Return on Equity (ROE)	-26.60%	-8.99%	-9.77%	-4.67%	-30.95%	12.00%	4.01%	26.07%	20.13%	23.59%	17.20%
Cash Return on Invested Capital (CROIC)	-19.94%	-14.27%	-15.24%	13.88%	-20.34%	4.59%	0.07%	6.40%	13.50%	15.90%	8.14%
Operating Return on Assets (OROA)	-4.25%	-1.65%	-2.26%	-1.00%	-13.72%	7.13%	2.57%	10.19%	14.03%	14.75%	9.95%
Return on Assets (ROA)	-5.18%	-2.31%	-2.71%	-1.35%	-10.69%	4.97%	1.82%	11.93%	8.09%	8.21%	5.28%
Return on Common Equity (ROCE)	-26.60%	-8.99%	-9.77%	-4.67%	-30.95%	12.00%	4.01%	26.07%	20.13%	23.59%	17.20%
Return on Equity Simple (ROE_SIMPLE)	-30.10%	-9.29%	-10.16%	-4.73%	-34.27%	11.86%	4.03%	24.09%	18.12%	21.09%	15.86%
Net Operating Profit after Tax (NOPAT)	-479	-161	-209	-56	-1,200	593	230	1,208	787	750	331
NOPAT Margin	-5.16%	-1.67%	-2.28%	-0.93%	-40.57%	7.32%	3.00%	17.23%	11.95%	11.70%	5.70%
Net Nonoperating Expense Percent (NNEP)	8.78%	6.24%	10.22%	8.93%	11.42%	2.85%	6.94%	19.27%	10.90%	6.55%	-4.36%
Return On Investment Capital (ROIC_SIMPLE)	-4.28%	-2.00%	-2.89%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	75.28%	75.91%	78.47%	85.26%	119.95%	66.21%	67.04%	62.92%	57.75%	59.88%	69.95%
SG&A Expenses to Revenue	15.13%	14.69%	14.01%	17.89%	25.77%	13.66%	13.84%	13.29%	13.15%	11.67%	11.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.09%	26.48%	24.79%	16.07%	38.01%	23.91%	29.49%	23.20%	23.12%	21.17%	21.20%
Earnings before Interest and Taxes (EBIT)	-653	-222	-301	-135	-1,737	815	266	973	1,260	1,216	756
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.00	399	284	405	-1,202	1,340	735	1,397	1,653	1,561	1,081
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	0.55	0.59	1.18	1.00	1.13	1.04	1.51	1.81	2.22	1.83
Price to Tangible Book Value (P/TBV)	1.22	0.62	0.64	1.28	1.07	1.19	1.04	1.51	1.81	2.22	1.83
Price to Revenue (P/Rev)	0.29	0.19	0.23	0.75	1.34	0.67	0.64	1.02	1.10	1.11	0.80
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	9.50	25.90	6.28	9.98	10.54	11.54
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	10.53%	3.86%	15.91%	10.02%	9.49%	8.66%
Enterprise Value to Invested Capital (EV/IC)	1.04	0.78	0.76	1.15	1.01	1.12	1.05	1.48	1.77	1.99	1.55
Enterprise Value to Revenue (EV/Rev)	0.79	0.50	0.46	0.94	1.95	0.79	0.74	1.09	1.15	1.25	1.05
Enterprise Value to EBITDA (EV/EBITDA)	3,659.73	12.12	14.72	13.96	0.00	4.78	7.72	5.49	4.59	5.15	5.64
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	7.86	21.33	7.88	6.02	6.61	8.06
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	10.81	24.72	6.35	9.63	10.71	18.38
Enterprise Value to Operating Cash Flow (EV/OCF)	50.83	12.09	11.03	3.44	0.00	4.42	4.73	5.56	4.65	5.03	6.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	7.67	0.00	25.06	1,593.33	25.36	13.49	12.67	19.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.23	1.41	1.02	1.04	1.23	0.49	0.36	0.25	0.34	0.57	0.88
Long-Term Debt to Equity	3.08	1.32	0.87	0.95	1.12	0.41	0.29	0.21	0.30	0.43	0.78
Financial Leverage	1.20	0.69	0.41	0.36	0.31	0.18	0.12	0.08	0.15	0.39	0.68
Leverage Ratio	5.13	3.90	3.60	3.47	2.89	2.41	2.20	2.18	2.49	2.87	3.26
Compound Leverage Factor	7.05	5.87	5.23	6.76	3.15	2.27	1.81	2.06	2.30	2.59	2.68
Debt to Total Capital	76.38%	58.56%	50.58%	51.00%	55.17%	32.72%	26.28%	20.22%	25.64%	36.27%	46.89%
Short-Term Debt to Total Capital	3.51%	3.81%	7.68%	4.52%	5.11%	4.82%	4.86%	3.30%	3.50%	8.89%	5.56%
Long-Term Debt to Total Capital	72.87%	54.75%	42.90%	46.48%	50.07%	27.90%	21.42%	16.91%	22.14%	27.38%	41.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	23.62%	41.44%	49.42%	49.00%	44.83%	67.28%	73.72%	79.78%	74.36%	63.73%	53.11%
Debt to EBITDA	4,269.50	11.82	12.84	9.89	-4.05	1.74	2.27	0.86	0.84	1.17	2.07
Net Debt to EBITDA	2,296.50	7.48	7.33	2.78	-1.50	0.75	1.06	0.36	0.20	0.58	1.36
Long-Term Debt to EBITDA	4,073.50	11.05	10.89	9.01	-3.67	1.49	1.85	0.72	0.72	0.88	1.82
Debt to NOPAT	-17.83	-29.29	-17.48	-71.54	-4.05	3.94	7.27	0.99	1.76	2.43	6.74
Net Debt to NOPAT	-9.59	-18.55	-9.99	-20.09	-1.51	1.69	3.40	0.42	0.41	1.20	4.42
Long-Term Debt to NOPAT	-17.02	-27.39	-14.83	-65.20	-3.68	3.36	5.93	0.83	1.52	1.84	5.94
Altman Z-Score	0.67	0.83	0.85	0.96	0.41	1.78	1.60	2.28	2.24	2.14	1.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.10	0.60	0.51	0.95	1.25	0.67	0.55	0.56	0.63	0.60	0.62
Quick Ratio	1.02	0.52	0.46	0.89	1.18	0.59	0.43	0.44	0.52	0.44	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,314	-833	-794	737	-1,165	256	3.56	302	562	634	319
Operating Cash Flow to CapEx	9.06%	33.50%	41.06%	165.03%	-86.35%	125.35%	107.72%	114.73%	161.42%	169.82%	106.42%
Free Cash Flow to Firm to Interest Expense	-4.01	-4.36	-5.36	4.21	-7.47	5.44	0.06	4.96	5.46	5.29	2.38
Operating Cash Flow to Interest Expense	0.44	2.09	2.56	9.38	-4.38	30.83	20.00	22.61	15.84	13.32	6.81
Operating Cash Flow Less CapEx to Interest Expense	-4.41	-4.16	-3.68	3.70	-9.45	6.23	1.43	2.90	6.03	5.48	0.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.71	0.69	0.45	0.23	0.71	0.74	0.73	0.73	0.78	0.77
Accounts Receivable Turnover	27.13	29.45	34.95	39.59	17.98	36.62	33.59	33.63	42.75	47.18	43.90
Inventory Turnover	52.32	74.48	89.27	70.99	46.67	67.41	77.20	86.51	83.56	85.38	86.57
Fixed Asset Turnover	0.91	1.02	1.02	0.70	0.35	0.98	0.96	0.92	0.95	1.01	0.99
Accounts Payable Turnover	11.09	12.45	13.94	11.91	9.26	12.79	12.60	14.23	17.01	18.61	20.97
Days Sales Outstanding (DSO)	13.45	12.39	10.44	9.22	20.31	9.97	10.87	10.85	8.54	7.74	8.31
Days Inventory Outstanding (DIO)	6.98	4.90	4.09	5.14	7.82	5.41	4.73	4.22	4.37	4.28	4.22
Days Payable Outstanding (DPO)	32.92	29.33	26.18	30.64	39.41	28.54	28.97	25.65	21.46	19.62	17.40
Cash Conversion Cycle (CCC)	-12.49	-12.03	-11.65	-16.27	-11.29	-13.16	-13.38	-10.57	-8.55	-7.61	-4.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,007	6,172	5,500	4,915	5,708	5,743	5,406	5,180	4,274	4,049	3,933
Invested Capital Turnover	1.41	1.65	1.76	1.14	0.52	1.45	1.45	1.48	1.58	1.61	1.48
Increase / (Decrease) in Invested Capital	835	672	585	-793	-35	337	226	906	225	116	12
Enterprise Value (EV)	7,319	4,836	4,182	5,654	5,770	6,407	5,675	7,667	7,581	8,038	6,093
Market Capitalization	2,726	1,850	2,099	4,529	3,962	5,404	4,895	7,163	7,258	7,136	4,628
Book Value per Share	$7.61	$10.01	$11.00	$12.10	$14.50	$16.62	$15.37	$14.76	$12.40	$10.19	$8.67
Tangible Book Value per Share	$6.46	$8.97	$10.08	$11.16	$13.54	$15.79	$15.37	$14.76	$12.40	$10.19	$8.67
Total Capital	11,180	8,053	7,210	7,855	8,814	7,133	6,355	5,931	5,397	5,037	4,762
Total Debt	8,539	4,716	3,647	4,006	4,863	2,334	1,670	1,199	1,384	1,827	2,233
Total Long-Term Debt	8,147	4,409	3,093	3,651	4,413	1,990	1,361	1,003	1,195	1,379	1,968
Net Debt	4,593	2,986	2,083	1,125	1,808	1,003	780	504	323	902	1,465
Capital Expenditures (CapEx)	1,589	1,194	923	995	791	1,156	1,114	1,202	1,011	941	857
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,841	-2,728	-2,670	-2,659	-1,932	-1,861	-1,715	-1,437	-1,593	-1,330	-1,179
Debt-free Net Working Capital (DFNWC)	769	-1,161	-1,278	183	1,121	-533	-828	-744	-622	-454	-471
Net Working Capital (NWC)	377	-1,468	-1,832	-172	671	-877	-1,137	-940	-811	-902	-736
Net Nonoperating Expense (NNE)	316	149	153	126	154	24	41	68	60	73	-70
Net Nonoperating Obligations (NNO)	4,366	2,835	1,937	1,066	1,757	944	721	448	261	839	1,404
Total Depreciation and Amortization (D&A)	655	621	585	540	535	525	469	424	393	345	325
Debt-free, Cash-free Net Working Capital to Revenue	-30.62%	-28.37%	-29.15%	-44.05%	-65.34%	-22.99%	-22.39%	-20.49%	-24.20%	-20.73%	-20.27%
Debt-free Net Working Capital to Revenue	8.29%	-12.07%	-13.96%	3.03%	37.91%	-6.59%	-10.81%	-10.61%	-9.45%	-7.08%	-8.10%
Net Working Capital to Revenue	4.06%	-15.27%	-20.00%	-2.85%	22.69%	-10.84%	-14.85%	-13.41%	-12.32%	-14.06%	-12.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.30)	($0.93)	($1.12)	($0.57)	($4.88)	$1.92	$0.60	$3.49	$2.32	$2.15	$1.36
Adjusted Weighted Average Basic Shares Outstanding	353.00M	339.28M	327.27M	320.19M	632.06M	282.20M	306.53M	321.86M	337.04M	321.08M	310.86M
Adjusted Diluted Earnings per Share	($2.30)	($0.93)	($1.12)	($0.57)	($4.88)	$1.91	$0.60	$3.47	$2.22	$1.98	$1.19
Adjusted Weighted Average Diluted Shares Outstanding	353.00M	339.28M	327.27M	320.19M	632.06M	282.20M	306.53M	321.86M	337.04M	321.08M	310.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	353.00M	339.28M	327.27M	320.19M	632.06M	282.20M	306.53M	321.86M	337.04M	321.08M	310.86M
Normalized Net Operating Profit after Tax (NOPAT)	-65	-23	-130	-639	-1,398	603	605	681	787	750	331
Normalized NOPAT Margin	-0.70%	-0.24%	-1.41%	-10.59%	-47.27%	7.45%	7.90%	9.71%	11.95%	11.70%	5.70%
Pre Tax Income Margin	-9.67%	-3.47%	-4.77%	-4.36%	-64.02%	9.49%	2.86%	13.09%	17.68%	17.10%	10.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.99	-1.16	-2.03	-0.77	-11.13	17.34	4.43	15.95	12.23	10.13	5.64
NOPAT to Interest Expense	-1.46	-0.84	-1.41	-0.32	-7.69	12.61	3.83	19.81	7.64	6.25	2.47
EBIT Less CapEx to Interest Expense	-6.84	-7.41	-8.27	-6.46	-16.21	-7.26	-14.13	-3.75	2.42	2.29	-0.75
NOPAT Less CapEx to Interest Expense	-6.30	-7.09	-7.65	-6.01	-12.76	-11.98	-14.74	0.10	-2.18	-1.59	-3.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from JetBlue Airways' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.12%	-2.02%	0.51%	-6.97%	-5.11%	-3.77%	-8.16%	6.75%	34.10%	172.27%	29.92%
EBITDA Growth	100.54%	117.44%	1,118.18%	-39.13%	-525.84%	-62.77%	-96.14%	1,161.29%	60.27%	-16.61%	-9.24%
EBIT Growth	76.92%	126.03%	78.62%	-68.64%	-197.92%	-273.81%	-205.07%	307.02%	34.60%	-58.82%	-20.69%
NOPAT Growth	75.80%	123.88%	75.64%	-69.38%	-197.11%	-131.81%	-244.72%	289.81%	34.06%	-61.75%	-40.71%
Net Income Growth	70.95%	57.28%	60.78%	-81.88%	-272.92%	-529.17%	-368.42%	173.40%	24.71%	-80.49%	-56.15%
EPS Growth	72.04%	70.00%	63.04%	-82.93%	-263.79%	-528.57%	-355.56%	170.69%	26.58%	-82.05%	-55.00%
Operating Cash Flow Growth	-44.12%	80.23%	83.62%	-105.43%	-49.63%	-248.28%	-904.55%	396.15%	63.97%	151.33%	-77.32%
Free Cash Flow Firm Growth	-2.70%	-14.59%	5.40%	81.46%	-32,552.78%	-64.29%	88.98%	-214.89%	113.38%	-137.13%	-191.54%
Invested Capital Growth	18.65%	13.53%	14.71%	18.88%	13.00%	12.22%	16.46%	0.00%	-3.27%	11.90%	240.75%
Revenue Q/Q Growth	-6.02%	-3.72%	-2.59%	9.91%	-4.95%	-1.23%	-9.85%	12.11%	-3.60%	-5.74%	4.79%
EBITDA Q/Q Growth	-98.40%	39.55%	-43.70%	142.73%	-515.67%	681.82%	-97.19%	539.33%	-138.53%	-18.95%	819.35%
EBIT Q/Q Growth	-968.42%	161.29%	-141.89%	110.35%	-879.45%	49.66%	-161.44%	198.33%	-671.43%	-69.57%	221.05%
NOPAT Q/Q Growth	-1,187.50%	142.11%	-157.87%	109.13%	-973.13%	57.05%	-172.73%	188.63%	-214.90%	95.38%	195.39%
Net Income Q/Q Growth	-372.73%	26.67%	-340.00%	103.49%	-595.15%	32.68%	-210.87%	171.88%	-900.00%	-57.89%	130.32%
EPS Q/Q Growth	-555.56%	47.06%	-342.86%	103.32%	-603.33%	34.78%	-212.20%	170.69%	-928.57%	-61.11%	131.03%
Operating Cash Flow Q/Q Growth	770.59%	41.38%	-107.14%	-106.86%	337.21%	51.41%	-168.60%	-36.30%	598.28%	163.64%	-57.69%
Free Cash Flow Firm Q/Q Growth	-45.64%	5.16%	9.52%	17.83%	-62.51%	21.71%	82.26%	-143,901.70%	100.82%	94.75%	-284.90%
Invested Capital Q/Q Growth	-2.11%	6.72%	3.68%	9.55%	-6.34%	7.83%	7.45%	4.12%	-6.98%	11.90%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.55%	26.09%	25.24%	27.43%	19.78%	23.54%	20.61%	32.57%	18.64%	24.02%	28.22%
EBITDA Margin	0.14%	8.21%	5.67%	9.80%	-25.22%	3.70%	0.47%	14.98%	-3.82%	9.57%	11.12%
Operating Margin	-8.13%	0.70%	-1.61%	2.35%	-32.55%	-2.88%	-6.63%	9.00%	-10.40%	1.78%	5.43%
EBIT Margin	-7.71%	0.83%	-1.31%	3.05%	-32.37%	-3.14%	-6.16%	9.04%	-10.31%	1.74%	5.39%
Profit (Net Income) Margin	-9.72%	-1.93%	-2.54%	1.03%	-32.41%	-4.43%	-6.50%	5.29%	-8.25%	0.99%	2.22%
Tax Burden Percent	76.75%	53.01%	76.92%	80.65%	93.35%	93.64%	87.93%	63.89%	72.18%	342.86%	54.29%
Interest Burden Percent	164.24%	-436.84%	251.61%	41.89%	107.27%	150.68%	120.00%	91.53%	110.83%	16.67%	76.09%
Effective Tax Rate	0.00%	0.00%	0.00%	19.35%	0.00%	0.00%	0.00%	36.11%	0.00%	-242.86%	45.71%
Return on Invested Capital (ROIC)	-8.29%	0.69%	-1.71%	3.02%	-39.71%	-3.32%	-8.47%	21.41%	-13.64%	10.74%	31.58%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.57%	-0.84%	-2.78%	2.25%	-48.41%	-5.68%	-10.83%	20.04%	-14.95%	2.52%	32.20%
Return on Net Nonoperating Assets (RNNOA)	-15.75%	-1.01%	-2.85%	1.95%	-39.42%	-3.93%	-5.80%	10.00%	-7.37%	1.02%	-26.05%
Return on Equity (ROE)	-24.04%	-0.32%	-4.56%	4.97%	-79.13%	-7.25%	-14.27%	31.41%	-21.00%	11.76%	5.53%
Cash Return on Invested Capital (CROIC)	-18.60%	-19.94%	-22.44%	-27.88%	-21.29%	-14.27%	-16.79%	-197.14%	1.00%	-15.24%	-173.90%
Operating Return on Assets (OROA)	-4.61%	0.50%	-0.81%	2.07%	-22.81%	-2.25%	-4.47%	6.65%	-7.44%	1.19%	3.00%
Return on Assets (ROA)	-5.81%	-1.17%	-1.58%	0.70%	-22.84%	-3.17%	-4.72%	3.89%	-5.95%	0.68%	1.24%
Return on Common Equity (ROCE)	-24.04%	-0.32%	-4.56%	4.97%	-79.13%	-7.25%	-14.27%	31.41%	-21.00%	11.76%	5.53%
Return on Equity Simple (ROE_SIMPLE)	-11.74%	0.00%	-32.30%	-35.11%	-31.67%	0.00%	-5.35%	0.76%	-8.86%	0.00%	-7.50%
Net Operating Profit after Tax (NOPAT)	-122	11	-27	46	-503	-47	-109	150	-169	147	75
NOPAT Margin	-5.69%	0.49%	-1.12%	1.89%	-22.78%	-2.02%	-4.64%	5.75%	-7.28%	6.10%	2.95%
Net Nonoperating Expense Percent (NNEP)	2.28%	1.53%	1.07%	0.78%	8.70%	2.35%	2.36%	1.37%	1.32%	8.22%	-0.61%
Return On Investment Capital (ROIC_SIMPLE)	-1.12%	0.10%	-	-	-	-0.58%	-	-	-	2.04%	-
Cost of Revenue to Revenue	81.45%	73.91%	74.76%	72.57%	80.22%	76.46%	79.39%	67.43%	81.36%	75.98%	71.78%
SG&A Expenses to Revenue	15.56%	14.27%	15.31%	14.74%	16.25%	14.97%	15.85%	13.56%	14.48%	10.68%	13.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.68%	25.38%	26.85%	25.08%	52.33%	26.42%	27.24%	23.56%	29.04%	22.24%	22.79%
Earnings before Interest and Taxes (EBIT)	-165	19	-31	74	-715	-73	-145	236	-240	42	138
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.00	187	134	238	-557	86	11	391	-89	231	285
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.70	1.03	0.86	0.77	0.94	0.55	0.45	0.82	0.71	0.59	0.61
Price to Tangible Book Value (P/TBV)	0.83	1.22	1.01	0.90	1.10	0.62	0.50	0.90	0.78	0.64	0.66
Price to Revenue (P/Rev)	0.18	0.29	0.24	0.22	0.26	0.19	0.16	0.29	0.24	0.23	0.28
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	107.60	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.93%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.93	1.04	0.98	0.92	1.00	0.78	0.70	0.91	0.83	0.76	0.74
Enterprise Value to Revenue (EV/Rev)	0.69	0.79	0.69	0.63	0.61	0.50	0.41	0.49	0.44	0.46	0.48
Enterprise Value to EBITDA (EV/EBITDA)	11.30	3,659.73	0.00	0.00	0.00	12.12	7.33	6.00	9.89	14.72	11.02
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.42	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	63.33	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	117.62	50.83	85.39	0.00	29.03	12.09	7.33	6.50	7.95	11.03	17.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	82.30	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.47	3.23	3.11	1.99	1.90	1.41	1.17	1.06	1.06	1.02	1.07
Long-Term Debt to Equity	3.31	3.08	2.98	1.86	1.78	1.32	1.09	0.98	0.98	0.87	0.92
Financial Leverage	1.49	1.20	1.03	0.87	0.81	0.69	0.54	0.50	0.49	0.41	-0.81
Leverage Ratio	6.07	5.13	4.95	4.40	4.49	3.90	3.86	3.79	3.88	3.60	3.67
Compound Leverage Factor	9.97	-22.43	12.46	1.84	4.81	5.87	4.63	3.47	4.30	0.60	2.80
Debt to Total Capital	77.61%	76.38%	75.69%	66.57%	65.56%	58.56%	53.91%	51.39%	51.48%	50.58%	51.73%
Short-Term Debt to Total Capital	3.52%	3.51%	3.34%	4.39%	4.32%	3.81%	3.67%	3.71%	3.78%	7.68%	7.21%
Long-Term Debt to Total Capital	74.09%	72.87%	72.35%	62.18%	61.24%	54.75%	50.25%	47.68%	47.70%	42.90%	44.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	22.39%	23.62%	24.31%	33.43%	34.44%	41.44%	46.09%	48.61%	48.52%	49.42%	48.27%
Debt to EBITDA	15.08	4,269.50	-83.14	-24.19	-72.64	11.82	7.35	4.67	8.28	12.84	11.39
Net Debt to EBITDA	8.27	2,296.50	-41.71	-16.98	-47.88	7.48	4.51	2.39	4.37	7.33	4.52
Long-Term Debt to EBITDA	14.40	4,073.50	-79.47	-22.59	-67.86	11.05	6.85	4.33	7.68	10.89	9.80
Debt to NOPAT	-87.09	-17.83	-15.33	-8.67	-10.13	-29.29	-47.63	49.30	-29.55	-17.48	-26.85
Net Debt to NOPAT	-47.79	-9.59	-7.69	-6.09	-6.68	-18.55	-29.20	25.21	-15.60	-9.99	-10.65
Long-Term Debt to NOPAT	-83.14	-17.02	-14.65	-8.10	-9.46	-27.39	-44.39	45.74	-27.38	-14.83	-23.11
Altman Z-Score	0.67	0.81	0.82	0.78	0.63	0.87	0.85	1.07	0.89	0.94	0.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	1.10	1.21	0.54	0.54	0.60	0.53	0.57	0.52	0.51	0.67
Quick Ratio	0.93	1.02	1.14	0.47	0.48	0.52	0.46	0.51	0.47	0.46	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,200	-824	-869	-960	-1,168	-719	-918	-5,177	3.60	-438	-8,332
Operating Cash Flow to CapEx	79.72%	-4.30%	-10.18%	-3.10%	43.78%	-20.43%	-56.01%	90.53%	235.47%	17.90%	8.46%
Free Cash Flow to Firm to Interest Expense	-8.27	-5.68	-11.58	-16.27	-23.84	-11.98	-19.13	-123.26	0.09	-8.75	-252.47
Operating Cash Flow to Interest Expense	0.79	-0.12	-0.39	-0.24	4.16	-1.43	-3.69	6.14	9.88	1.16	0.67
Operating Cash Flow Less CapEx to Interest Expense	-0.20	-2.84	-4.19	-7.88	-5.35	-8.45	-10.27	-0.64	5.68	-5.32	-7.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.60	0.62	0.68	0.70	0.71	0.73	0.74	0.72	0.69	0.56
Accounts Receivable Turnover	25.48	27.13	30.53	28.88	27.41	29.45	30.96	32.09	33.68	34.95	30.04
Inventory Turnover	50.77	52.32	59.00	64.77	75.83	74.48	82.64	81.38	103.14	89.27	85.62
Fixed Asset Turnover	0.89	0.91	0.94	0.95	0.99	1.02	1.05	1.07	1.08	1.02	1.59
Accounts Payable Turnover	10.74	11.09	10.73	10.44	11.14	12.45	11.27	10.36	11.88	13.94	10.42
Days Sales Outstanding (DSO)	14.33	13.45	11.96	12.64	13.32	12.39	11.79	11.38	10.84	10.44	12.15
Days Inventory Outstanding (DIO)	7.19	6.98	6.19	5.64	4.81	4.90	4.42	4.49	3.54	4.09	4.26
Days Payable Outstanding (DPO)	33.98	32.92	34.01	34.97	32.77	29.33	32.40	35.23	30.72	26.18	35.03
Cash Conversion Cycle (CCC)	-12.46	-12.49	-15.87	-16.70	-14.64	-12.03	-16.19	-19.36	-16.34	-11.65	-18.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,859	7,007	6,566	6,333	5,781	6,172	5,724	5,327	5,116	5,500	4,915
Invested Capital Turnover	1.46	1.41	1.52	1.60	1.74	1.65	1.82	3.72	1.87	1.76	10.72
Increase / (Decrease) in Invested Capital	1,078	835	842	1,006	665	672	809	5,327	-173	585	8,407
Enterprise Value (EV)	6,351	7,319	6,404	5,841	5,777	4,836	3,986	4,826	4,271	4,182	3,638
Market Capitalization	1,701	2,726	2,275	2,071	2,473	1,850	1,533	2,905	2,382	2,099	2,147
Book Value per Share	$6.93	$7.61	$7.62	$7.93	$7.74	$10.01	$10.26	$10.84	$10.31	$11.00	$10.83
Tangible Book Value per Share	$5.80	$6.46	$6.49	$6.79	$6.62	$8.97	$9.22	$9.82	$9.36	$10.08	$10.03
Total Capital	10,919	11,180	10,875	8,067	7,645	8,053	7,421	7,311	6,952	7,210	7,266
Total Debt	8,474	8,539	8,231	5,370	5,012	4,716	4,001	3,757	3,579	3,647	3,759
Total Long-Term Debt	8,090	8,147	7,868	5,016	4,682	4,409	3,729	3,486	3,316	3,093	3,235
Net Debt	4,650	4,593	4,129	3,770	3,304	2,986	2,453	1,921	1,889	2,083	1,491
Capital Expenditures (CapEx)	143	395	285	451	466	421	316	285	172	324	260
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,067	-2,841	-2,845	-2,952	-3,091	-2,728	-2,863	-3,056	-3,186	-2,670	-2,861
Debt-free Net Working Capital (DFNWC)	435	769	1,163	-1,456	-1,528	-1,161	-1,481	-1,389	-1,649	-1,278	-768
Net Working Capital (NWC)	51	377	800	-1,810	-1,858	-1,468	-1,753	-1,660	-1,912	-1,832	-1,292
Net Nonoperating Expense (NNE)	86	55	33	21	213	56	44	12	23	123	18
Net Nonoperating Obligations (NNO)	4,414	4,366	3,922	3,636	3,148	2,835	2,304	1,773	1,743	1,937	1,408
Total Depreciation and Amortization (D&A)	168	168	165	164	158	159	156	155	151	189	147
Debt-free, Cash-free Net Working Capital to Revenue	-33.30%	-30.62%	-30.51%	-31.69%	-32.55%	-28.37%	-29.50%	-30.82%	-32.68%	-29.15%	-37.50%
Debt-free Net Working Capital to Revenue	4.72%	8.29%	12.47%	-15.63%	-16.09%	-12.07%	-15.26%	-14.01%	-16.91%	-13.96%	-10.07%
Net Working Capital to Revenue	0.55%	4.06%	8.58%	-19.43%	-19.57%	-15.27%	-18.06%	-16.74%	-19.61%	-20.00%	-16.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.59)	($0.09)	($0.17)	$0.07	($2.11)	($0.30)	($0.46)	$0.41	($0.58)	$0.07	$0.18
Adjusted Weighted Average Basic Shares Outstanding	354.34M	353.00M	346.88M	346.83M	340.14M	339.28M	333.29M	333.25M	327.90M	327.27M	323.88M
Adjusted Diluted Earnings per Share	($0.59)	($0.09)	($0.17)	$0.07	($2.11)	($0.30)	($0.46)	$0.41	($0.58)	$0.07	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	354.34M	353.00M	346.88M	346.83M	340.14M	339.28M	333.29M	333.25M	327.90M	327.27M	323.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	354.34M	353.00M	346.88M	346.83M	340.14M	339.28M	333.29M	333.25M	327.90M	327.27M	323.88M
Normalized Net Operating Profit after Tax (NOPAT)	-122	12	-7.70	47	-110	-27	-86	165	-91	69	83
Normalized NOPAT Margin	-5.69%	0.52%	-0.33%	1.93%	-4.98%	-1.17%	-3.66%	6.34%	-3.91%	2.87%	3.22%
Pre Tax Income Margin	-12.66%	-3.65%	-3.30%	1.28%	-34.72%	-4.73%	-7.39%	8.28%	-11.43%	0.29%	4.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.14	0.13	-0.41	1.25	-14.59	-1.22	-3.02	5.62	-5.85	0.84	4.18
NOPAT to Interest Expense	-0.84	0.08	-0.35	0.78	-10.27	-0.78	-2.28	3.57	-4.13	2.95	2.29
EBIT Less CapEx to Interest Expense	-2.12	-2.59	-4.21	-6.39	-24.10	-8.23	-9.60	-1.17	-10.05	-5.64	-3.70
NOPAT Less CapEx to Interest Expense	-1.83	-2.65	-4.15	-6.87	-19.78	-7.80	-8.86	-3.21	-8.33	-3.53	-5.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About JetBlue Airways' Financials

When does JetBlue Airways's financial year end?

According to the most recent income statement we have on file, JetBlue Airways' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has JetBlue Airways' net income changed over the last 10 years?

JetBlue Airways' net income appears to be on a downward trend, with a most recent value of -$795 million in 2024, falling from $401 million in 2014. The previous period was -$310 million in 2023. Find out what analysts predict for JetBlue Airways in the coming months.

What is JetBlue Airways's operating income?

JetBlue Airways's total operating income in 2024 was -$684 million, based on the following breakdown:

Total Gross Profit: $2.29 billion
Total Operating Expenses: $2.98 billion

How has JetBlue Airways revenue changed over the last 10 years?

Over the last 10 years, JetBlue Airways' total revenue changed from $5.82 billion in 2014 to $9.28 billion in 2024, a change of 59.5%.

How much debt does JetBlue Airways have?

JetBlue Airways' total liabilities were at $14.20 billion at the end of 2024, a 35.0% increase from 2023, and a 167.4% increase since 2014.

How much cash does JetBlue Airways have?

In the past 10 years, JetBlue Airways' cash and equivalents has ranged from $303 million in 2017 to $2.02 billion in 2021, and is currently $1.92 billion as of their latest financial filing in 2024.

How has JetBlue Airways' book value per share changed over the last 10 years?

Over the last 10 years, JetBlue Airways' book value per share changed from 8.67 in 2014 to 7.61 in 2024, a change of -12.1%.

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This page (NASDAQ:JBLU) was last updated on 5/20/2025 by MarketBeat.com Staff

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JetBlue Airways (JBLU) Financials

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JetBlue Airways (JBLU) Financials

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