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what it is
JetBlue sells flights, mainly in the U.S., Caribbean, Latin America, and London, with a bigger focus on New York and Boston.
how it gets paid
Last year Jetblue Airways made $9.1B in revenue. passenger tickets was the main engine at $7.7B, or 85% of sales.
why growth slowed
Revenue fell 2.3% last year. Fuel costs declined amid lower energy prices, while salaries and wages increased under labor agreements with pilots.
what just happened
JetBlue's last quarter was a miss, with EPS of -$0.49 versus a -$0.20 estimate.
At a glance
C++ balance sheet — some cracks in the foundation
15/100 earnings predictability — expect surprises
5.5% return on capital — nothing to write home about
xvary composite: 24/100 — weak
-$0.10 fy2027 eps est
What they do
JetBlue sells flights, mainly in the U.S., Caribbean, Latin America, and London, with a bigger focus on New York and Boston.
JetBlue wins when your other option is paying up in New York or Boston. It serves 100+ destinations from JFK and Boston Logan, where airport space is tight. Point-to-point route system → more direct flights instead of forcing connections → so what: if your time matters, JetBlue has a reason to stay on your shortlist.
How they make money
$9.1B
annual revenue · their business grew -2.3% last year
passenger tickets
$7.7B
ancillary fees
$0.8B
vacation packages
$0.3B
loyalty and other partner revenue
$0.3B
The products that matter
flies paying passengers
Passenger air travel
$9.1B · 100% of disclosed revenue
It's the entire disclosed business at $9.1B, and that revenue fell 2.3% from last year. If you want the equity case to work, this line has to stabilize first.
core
Key numbers
80%
debt of capital
Long-term debt makes up 80% of capital. Plain English: creditors have a far bigger claim on the business than you do. So what: equity gets squeezed first when the turnaround slips.
$7
18-month target
The 18-month target sits 33% above $5.27, but the stated range is $3 to $10. Plain English: the upside case exists, but the spread is wide because the business is unstable.
4.1%
operating margin
Operating margin → money left after running flights → so what: JetBlue is still losing money on the core airline.
-$1.64
2025 EPS
EPS → profit per share → so what: 2025 got worse, not better, which is a bad look for a turnaround story.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 4 — safer than 20% of stocks
- price stability 15 / 100
- long-term debt $7.8B (80% of capital)
- net profit margin 5.0% — keeps 5 cents of every dollar in revenue
- return on equity 10% — $0.10 profit for every $1 investors have put in
C++ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
You invested $10,000 in JBLU 3 years ago → it's now worth $5,720.
The index would have given you $13,880.
source: institutional data · total return
What just happened
missed estimates
JetBlue's last quarter was a miss, with EPS of -$0.49 versus a -$0.20 estimate.
Fourth-quarter 2025 revenue was $2.244B, but the loss still widened. Fuel costs eased, yet salary and interest costs kept pressure on the model.
$2.244B
revenue
$0.49
eps
4.1%
operating margin
the number that mattered
The 145% EPS miss mattered most because it shows JetBlue is still far away from stable earnings, even after fuel got cheaper.
-
jetblue showed some improvement in its fourth-quarter results.revenues were $2.244 billion, as the airline refocused on its core northeast u.s. and caribbean markets.
-
premium cabin offerings outpaced core revenue, with premium revenue per average seat mile rising.
-
fuel costs declined amid lower energy prices, while salaries and wages increased under labor agreements with pilots.
-
interest expenses expanded.
-
these factors resulted in an adjusted loss of $0.49 per share in the december quarter.
source: company earnings report, 2026
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What could go wrong
the top risk is balance-sheet strain from $7.8B of long-term debt.
high
balance-sheet strain
Long-term debt is $7.8B, or 80% of capital, against a market value of about $2B. That's the kind of gap that leaves equity holders with very little room for error.
If operations wobble, debt absorbs the attention before shareholders do.
med
revenue softness
Revenue declined 2.3% to $9.1B from last year. In a business with a 5.0% net margin, small top-line misses can do outsized damage to earnings.
A thin-margin airline does not need a collapse to have a problem. It just needs a soft quarter.
med
low earnings visibility
Earnings predictability is 15/100 and the FY2027 EPS estimate is still -$0.10. You are not buying stable compounding here. You are buying a hoped-for fix.
That makes valuation harder and downside easier.
med
waning institutional support
Institutions have been net sellers for three consecutive quarters, including 148 buyers versus 154 sellers in 3Q2025. When sponsorship fades, weak stocks usually do not get the benefit of the doubt.
Less support can turn bad updates into sharper moves.
Between $7.8B of debt, a 5.0% net margin, and revenue already down 2.3%, JBLU does not have much room for an operational miss.
source: institutional data · regulatory filings · risk analysis
Pay attention to
balance sheet
$7.8B of long-term debt against a ~$2B equity value
That contrast tells you where the risk sits. If you remember one number on this page, make it the debt load.
institutional flow
three straight quarters of net selling
148 buyers versus 154 sellers in 3Q2025 and total institutional holdings of 0.3B shares. Sponsorship is not improving yet.
calendar
jan. 30, 2026 reset after the quarter
The stock dropped 7.8% after fourth-quarter 2025 results and 2026 commentary. The next update needs to look more like proof than promise.
profitability
analysts still see -$0.10 in FY2027 EPS
No trailing P/E, no dividend, and no clean earnings base. Until that changes, this remains a repair job.
Analyst rankings
earnings predictability
15 / 100
Low score. In human-speak, analysts do not trust the earnings path to stay smooth.
risk rank
4
Risk rank measures overall stock risk. A 4 means this is only safer than 20% of stocks.
price stability
15 / 100
Low stability means the stock tends to move hard. This is not a bunker stock.
source: institutional data
Institutional activity
institutions have been net selling for 3 consecutive quarters — 148 buyers vs. 154 sellers in 3q2025. total institutional holdings: 0.3B shares. net selling for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$3
$10
$5
current price
$7
target midpoint · +33% from current · 3-5yr high: $14 (+165% · 28% ann'l return)
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