(JBLU) JetBlue Airways - Overview
Sector: Industrials | Industry: Airlines | Exchange: NASDAQ (USA) | Market Cap: 1.864m USD | Total Return: 3.1% in 12m
Avg Turnover: 125M
Qual. Beats: -1
Rev. Trend: -93.7%
Qual. Beats: 0
Warnings
High Debt/EBITDA (18.2) with thin interest coverage (-0.5)
High Debt while negative Cash Flow
Interest Coverage Ratio -0.5 is critical
Altman Z'' -0.57 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
JetBlue Airways Corporation (JBLU) is a Long Island City-based passenger airline providing air transportation across approximately 100 destinations in North America, the Caribbean, and Europe. The company utilizes a diverse fleet consisting primarily of Airbus A220, A320, and A321 variants, including specialized configurations for its premium Mint service. Beyond flight operations, the business model integrates ancillary services such as airport lounges and vacation packages to diversify revenue streams.
Operating within the Passenger Airlines sub-industry, JetBlue functions as a low-cost carrier that emphasizes a differentiated customer experience compared to legacy airlines. The sector is characterized by high capital intensity and significant sensitivity to fuel price fluctuations and seasonal travel demand. To better understand how these market dynamics impact the companys valuation, consider reviewing the detailed metrics on ValueRay.
The companys strategic focus includes the expansion of its transatlantic routes and the modernization of its fleet with more fuel-efficient neo aircraft models. Since its incorporation in 1998, JetBlue has positioned itself as a major competitor in the United States aviation market by targeting high-traffic corridors and leisure destinations.
- Elevated fuel and labor expenses compress operating margins and free cash flow
- Mint premium cabin expansion drives unit revenue growth in transatlantic markets
- Regulatory rejection of Spirit merger forces standalone strategic pivot and restructuring
- Northeast Alliance termination impacts market share and slot utilization at key hubs
- Aircraft availability constrained by Pratt & Whitney engine inspections and delivery delays
| Net Income: -713.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA 1.74 > 1.0 |
| NWC/Revenue: -15.79% < 20% (prev 0.55%; Δ -16.35% < -1%) |
| CFO/TA -0.01 > 3% & CFO -88.0m > Net Income -713.0m |
| Net Debt (7.96b) to EBITDA (438.0m): 18.18 < 3 |
| Current Ratio: 0.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (368.5m) vs 12m ago 4.18% < -2% |
| Gross Margin: 39.71% > 18% (prev 0.24%; Δ 3.95k% > 0.5%) |
| Asset Turnover: 54.35% > 50% (prev 53.86%; Δ 0.50% > 0%) |
| Interest Coverage Ratio: -0.45 > 6 (EBITDA TTM 438.0m / Interest Expense TTM 578.0m) |
| A: -0.09 (Total Current Assets 3.37b - Total Current Liabilities 4.82b) / Total Assets 16.6b |
| B: 0.02 (Retained Earnings 398.0m / Total Assets 16.6b) |
| C: -0.02 (EBIT TTM -261.0m / Avg Total Assets 16.9b) |
| D: 0.03 (Book Value of Equity 403.0m / Total Liabilities 14.8b) |
| Altman-Z'' = -0.57 = B |
| DSRI: 1.11 (Receivables 399.0m/361.0m, Revenue 9.16b/9.21b) |
| GMI: 0.62 (GM 39.71% / 24.47%) |
| AQI: 0.89 (AQ_t 0.07 / AQ_t-1 0.08) |
| SGI: 0.99 (Revenue 9.16b / 9.21b) |
| TATA: -0.04 (NI -713.0m - CFO -88.0m) / TA 16.6b) |
| Beneish M = -3.39 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at USD 5.38 with a total of 19,903,356 shares traded.
Over the past week, the price has changed by +13.74%,
over one month by +7.60%,
over three months by -2.89% and
over the past year by +3.07%.
JetBlue Airways has received a consensus analysts rating of 2.50. Therefore, it is recommended to sell JBLU.
- StrongBuy: 0
- Buy: 0
- Hold: 11
- Sell: 2
- StrongSell: 3
| Analysts Target Price | 4.8 | -10.4% |
P/E Forward = 56.1798
P/S = 0.2034
P/B = 0.9722
P/EG = 0.8797
Revenue TTM = 9.16b USD
EBIT TTM = -261.0m USD
EBITDA TTM = 438.0m USD
Long Term Debt = 7.70b USD (from longTermDebt, last quarter)
Short Term Debt = 810.0m USD (from shortTermDebt, last quarter)
Debt = 10.2b USD (from shortLongTermDebtTotal, last quarter) + Leases 899.0m
Net Debt = 7.96b USD (calculated: Debt 10.2b - CCE 2.27b)
Enterprise Value = 9.83b USD (1.86b + Debt 10.2b - CCE 2.27b)
Interest Coverage Ratio = -0.45 (Ebit TTM -261.0m / Interest Expense TTM 578.0m)
EV/FCF = -10.34x (Enterprise Value 9.83b / FCF TTM -950.0m)
FCF Yield = -9.67% (FCF TTM -950.0m / Enterprise Value 9.83b)
FCF Margin = -10.37% (FCF TTM -950.0m / Revenue TTM 9.16b)
Net Margin = -7.78% (Net Income TTM -713.0m / Revenue TTM 9.16b)
Gross Margin = 39.71% ((Revenue TTM 9.16b - Cost of Revenue TTM 5.52b) / Revenue TTM)
Gross Margin QoQ = 43.12% (prev 45.19%)
Tobins Q-Ratio = 0.59 (Enterprise Value 9.83b / Total Assets 16.6b)
Interest Expense / Debt = 5.65% (Interest Expense 578.0m / Debt 10.2b)
Taxrate = 21.0% (US default 21%)
NOPAT = -206.2m (EBIT -261.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.70 (Total Current Assets 3.37b / Total Current Liabilities 4.82b)
Debt / Equity = 5.65 (Debt 10.2b / totalStockholderEquity, last quarter 1.81b)
Debt / EBITDA = 18.18 (Net Debt 7.96b / EBITDA 438.0m)
Debt / FCF = -8.38 (negative FCF - burning cash) (Net Debt 7.96b / FCF TTM -950.0m)
Total Stockholder Equity = 2.15b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.23% (Net Income -713.0m / Total Assets 16.6b)
RoE = -33.13% (Net Income TTM -713.0m / Total Stockholder Equity 2.15b)
RoCE = -2.65% (EBIT -261.0m / Capital Employed (Equity 2.15b + L.T.Debt 7.70b))
RoIC = -1.88% (negative operating profit) (NOPAT -206.2m / Invested Capital 11.0b)
WACC = 5.67% (E(1.86b)/V(12.1b) * Re(12.32%) + D(10.2b)/V(12.1b) * Rd(5.65%) * (1-Tc(0.21)))
Discount Rate = 12.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.66 | Cagr: 3.94%
[DCF] Fair Price = unknown (Cash Flow -950.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.06 | # QB: -1
Revenue Correlation: -93.71 | Revenue CAGR: -2.91% | SUE: -0.06 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.76 | Chg30d=-21.10% | Revisions=-65% | Analysts=16
EPS next Quarter (2026-09-30): EPS=-0.61 | Chg30d=-29.62% | Revisions=-62% | Analysts=15
EPS current Year (2026-12-31): EPS=-2.72 | Chg30d=-24.30% | Revisions=-78% | GrowthEPS=-65.8% | GrowthRev=+11.2%
EPS next Year (2027-12-31): EPS=-0.76 | Chg30d=-40.57% | Revisions=-56% | GrowthEPS=+72.1% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: -78%