JetBlue Airways Corporation (JBLU) Stock

JetBlue Airways Corporation (JBLU) is a Industrials stock trading at $4.95 (as of 2026-08-24), with a market capitalization of $1.87B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

JetBlue Airways Corporation provides air passenger transportation services. It operates a fleet of Airbus and Embraer aircraft and serves 107 destinations across the United States, Puerto Rico, the U.S. Virgin Islands, and countries in the Caribbean and Latin America, with connectivity supported by a strategic partnership with American Airlines Group for the Northeast.

Understand JetBlue Airways Corporation: how it makes money

JetBlue Airways provides air passenger transportation, earning revenue primarily from passenger fares (Passenger Revenue) plus smaller Other Revenue from its operations and route network.

JetBlue’s profit engine is tied to how much it can generate Passenger Revenue from its network and fleet, with company-specific emphasis on the 2024 Revenue Initiative Progress and the related Incremental Top-Line Benefit (Revenue Initiative), alongside a smaller contribution from Other Revenue.

Revenue by segment (latest quarter)
Passenger	$2.0B
Other	$0.2B

Business quality (Weak): The available operating drivers map directly to revenue categories (Operating Revenue and Passenger Revenue), but reported profitability is negative (operating margin -10.0) and the dataset does not show clear cost or volume metrics to explain the margin trend.

Bull case

Route and fleet scale: As of December 31, 2021, JetBlue operated a fleet including Airbus A321, Airbus A220, Airbus A321neo, Airbus A320, and Embraer E190 aircraft, and served 107 destinations across the United States and additional markets in the Caribbean and Latin America.
Connectivity partnership: JetBlue has a strategic partnership with American Airlines Group to create connectivity for travelers, which can support demand across connected itineraries.
Revenue initiatives: The company reports 2024 Revenue Initiative Progress of 0.28 and an Incremental Top-Line Benefit (Revenue Initiative) of 0.14, indicating active efforts to lift top-line results.

Bear case

Negative operating profitability: For the latest period shown (2026-03-31), operating margin is -10.0, which suggests operating performance is not currently translating into positive margins.
Revenue initiative execution risk: JetBlue reports an Incremental Top-Line Benefit (Revenue Initiative) of 0.14, but also shows JetBlue 2024 revenue initiatives ramp at 0.0, which may point to uneven rollout or limited near-term impact within the snapshot provided.
Limited diversification from smaller revenue categories: Other Revenue is 0.19 versus Passenger Revenue of 2.05 in the provided segment candidates, so total results may remain sensitive to passenger fare performance.

Valuation — source: SEC EDGAR (first-party)
Price	$4.95
Market Cap	$1.87B
EV / EBITDA	57.7
Price / Book	1.18
Price / Sales	0.20
FCF Yield	-57.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$9.06B
Net Margin	-6.6%
Revenue Growth (YoY)	14.5%
EPS Growth (YoY)	214.3%
FCF Growth (YoY)	-8.5%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.53 (distress)

Valuation vs Sector & Industry
Sector P/E (Industrials)	26.0
Industry P/E (Transportation)	17.0

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock Fund Advisors ($302.02M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Transportation
CEO	Joanna L. Geraghty
Employees	23,000
Country	US
IPO Date	2002-04-12

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.