JetBlue Airways (JBLU)
Market Price (3/28/2026): $4.21 | Market Cap: $1.6 BilSector: Industrials | Industry: Passenger Airlines
JetBlue Airways (JBLU)
Market Price (3/28/2026): $4.21Market Cap: $1.6 BilSector: IndustrialsIndustry: Passenger Airlines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Direct-to-Consumer Brands. | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -99% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -338 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 466% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%, Rev Chg QQuarterly Revenue Change % is -1.4% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.0%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -43% | ||
| Key risksJBLU key risks include [1] significant operational challenges and capacity constraints stemming from aircraft groundings due to Pratt & Whitney engine availability issues. |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Direct-to-Consumer Brands. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -99% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -338 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 466% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%, Rev Chg QQuarterly Revenue Change % is -1.4% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.0%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -43% |
| Key risksJBLU key risks include [1] significant operational challenges and capacity constraints stemming from aircraft groundings due to Pratt & Whitney engine availability issues. |
Qualitative Assessment
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JetBlue Airways (JBLU) stock has lost about 10% since 11/30/2025 because of the following key factors:
1. Continued Unprofitability and Missed Earnings Guidance: JetBlue reported a fourth-quarter 2025 loss of $0.49 per share, missing the consensus estimate of a $0.46 loss per share, and a full-year 2025 net loss of $602 million or a GAAP loss per share of $1.66. Despite the "JetForward" strategy delivering $305 million in incremental EBIT in 2025, the company's ongoing unprofitability likely dampened investor sentiment, with management targeting only breakeven or better operating profitability for full-year 2026.
2. Deteriorating Q1 2026 Outlook and Increased Costs: In March 2026, JetBlue updated its first-quarter 2026 outlook, citing significant financial headwinds and operational disruptions from two major winter weather events in January and February. These events were expected to reduce Q1 capacity by approximately 3.5 percentage points year-over-year and increase unit costs (CASM ex-fuel) by a similar amount, with CASM ex-fuel projected to rise 6.5% to 7.5% year-over-year, up from previous guidance of 3.5% to 5.5%. Additionally, fuel prices were projected to be higher, ranging from $3.01 to $3.06 per gallon.
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1. Continued Unprofitability and Missed Earnings Guidance: JetBlue reported a fourth-quarter 2025 loss of $0.49 per share, missing the consensus estimate of a $0.46 loss per share, and a full-year 2025 net loss of $602 million or a GAAP loss per share of $1.66. Despite the "JetForward" strategy delivering $305 million in incremental EBIT in 2025, the company's ongoing unprofitability likely dampened investor sentiment, with management targeting only breakeven or better operating profitability for full-year 2026.
2. Deteriorating Q1 2026 Outlook and Increased Costs: In March 2026, JetBlue updated its first-quarter 2026 outlook, citing significant financial headwinds and operational disruptions from two major winter weather events in January and February. These events were expected to reduce Q1 capacity by approximately 3.5 percentage points year-over-year and increase unit costs (CASM ex-fuel) by a similar amount, with CASM ex-fuel projected to rise 6.5% to 7.5% year-over-year, up from previous guidance of 3.5% to 5.5%. Additionally, fuel prices were projected to be higher, ranging from $3.01 to $3.06 per gallon.
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Stock Movement Drivers
Fundamental Drivers
The -7.7% change in JBLU stock from 11/30/2025 to 3/27/2026 was primarily driven by a -5.9% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.57 | 4.22 | -7.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,095 | 9,062 | -0.4% |
| P/S Multiple | 0.2 | 0.2 | -5.9% |
| Shares Outstanding (Mil) | 364 | 369 | -1.5% |
| Cumulative Contribution | -7.7% |
Market Drivers
11/30/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| JBLU | -7.7% | |
| Market (SPY) | -5.3% | 37.5% |
| Sector (XLI) | 3.9% | 48.3% |
Fundamental Drivers
The -21.1% change in JBLU stock from 8/31/2025 to 3/27/2026 was primarily driven by a -18.7% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.35 | 4.22 | -21.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,138 | 9,062 | -0.8% |
| P/S Multiple | 0.2 | 0.2 | -18.7% |
| Shares Outstanding (Mil) | 361 | 369 | -2.2% |
| Cumulative Contribution | -21.1% |
Market Drivers
8/31/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| JBLU | -21.1% | |
| Market (SPY) | 0.6% | 31.9% |
| Sector (XLI) | 5.5% | 47.2% |
Fundamental Drivers
The -35.3% change in JBLU stock from 2/28/2025 to 3/27/2026 was primarily driven by a -30.5% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.52 | 4.22 | -35.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,279 | 9,062 | -2.3% |
| P/S Multiple | 0.2 | 0.2 | -30.5% |
| Shares Outstanding (Mil) | 352 | 369 | -4.7% |
| Cumulative Contribution | -35.3% |
Market Drivers
2/28/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| JBLU | -35.3% | |
| Market (SPY) | 9.8% | 56.7% |
| Sector (XLI) | 18.4% | 59.4% |
Fundamental Drivers
The -49.2% change in JBLU stock from 2/28/2023 to 3/27/2026 was primarily driven by a -42.0% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.30 | 4.22 | -49.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,158 | 9,062 | -1.0% |
| P/S Multiple | 0.3 | 0.2 | -42.0% |
| Shares Outstanding (Mil) | 327 | 369 | -11.5% |
| Cumulative Contribution | -49.2% |
Market Drivers
2/28/2023 to 3/27/2026| Return | Correlation | |
|---|---|---|
| JBLU | -49.2% | |
| Market (SPY) | 69.4% | 37.1% |
| Sector (XLI) | 65.1% | 42.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JBLU Return | -2% | -54% | -14% | 42% | -42% | -1% | -69% |
| Peers Return | 1% | -20% | 4% | 60% | 4% | -15% | 19% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| JBLU Win Rate | 50% | 33% | 42% | 58% | 33% | 67% | |
| Peers Win Rate | 43% | 50% | 43% | 63% | 55% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| JBLU Max Drawdown | -12% | -57% | -43% | -18% | -56% | -11% | |
| Peers Max Drawdown | -12% | -29% | -18% | -16% | -40% | -21% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LUV, DAL, AAL, UAL, ALK. See JBLU Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | JBLU | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -82.9% | -25.4% |
| % Gain to Breakeven | 486.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -68.2% | -33.9% |
| % Gain to Breakeven | 214.3% | 51.3% |
| Time to Breakeven | 357 days | 148 days |
| 2018 Correction | ||
| % Loss | -36.0% | -19.8% |
| % Gain to Breakeven | 56.4% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -82.9% | -56.8% |
| % Gain to Breakeven | 485.2% | 131.3% |
| Time to Breakeven | 2,156 days | 1,480 days |
Compare to LUV, DAL, AAL, UAL, ALK
In The Past
JetBlue Airways's stock fell -82.9% during the 2022 Inflation Shock from a high on 3/15/2021. A -82.9% loss requires a 486.4% gain to breakeven.
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About JetBlue Airways (JBLU)
JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.
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JetBlue is like Southwest Airlines, but with a more premium cabin experience, including personal seat-back entertainment and assigned seating.
Think of JetBlue as the Trader Joe's of airlines – offering a unique, higher-quality flying experience at competitive prices.
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- Air Passenger Transportation Services: Provides scheduled flights for passengers to various destinations across the United States, Caribbean, and Latin America.
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```htmlJetBlue Airways (JBLU) primarily sells air passenger transportation services directly to individuals rather than to other companies. Its major customer categories include:
- Leisure Travelers: Individuals and families traveling for vacations, holidays, personal events, or other recreational purposes.
- Business Travelers: Individuals traveling for work-related purposes, such as meetings, conferences, corporate events, or client visits.
- Visiting Friends and Relatives (VFR) Travelers: Individuals traveling to visit family or friends, often utilizing JetBlue's routes within the United States, to the Caribbean, or Latin America.
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- Airbus SE (AIR.PA)
- Embraer S.A. (ERJ)
- General Electric Company (GE)
- RTX Corporation (RTX)
- Safran S.A. (SAF.PA)
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Joanna Geraghty, Chief Executive OfficerJoanna Geraghty was appointed CEO of JetBlue Airways in February 2024, becoming the first woman to lead a major U.S. airline. She joined JetBlue in 2005 and has held several senior leadership positions, including President & Chief Operating Officer from 2018 to 2024, Executive Vice President, Customer Experience, and Executive Vice President, Chief People Officer from 2010 to 2014. Before her career at JetBlue, Geraghty was a partner at the law firm Holland & Knight, focusing on aviation litigation. She also serves on the board of directors for the JetBlue Foundation, Airlines for America (A4A), L3Harris Technologies, and is chairperson of the board of Concern Worldwide.
Ursula Hurley, Chief Financial Officer
Ursula Hurley was appointed Chief Financial Officer of JetBlue Airways in September 2021, after serving as acting CFO since June 2021. She began her career at JetBlue in 2004 as an analyst and has spent her entire professional career with the company. Prior to her CFO role, Hurley was the Head of Treasury and Investor Relations, where she was responsible for managing the company's $13 billion balance sheet. She played a crucial role in navigating the company through the financial challenges of the COVID-19 pandemic. Hurley also serves as President of the JetBlue Foundation.
Marty St. George, President
Marty St. George was appointed President of JetBlue in February 2024, marking his return to the airline. He previously held various leadership roles at JetBlue from 2006 to 2019, including Executive Vice President and Chief Commercial Officer, where he was instrumental in developing the airline's focus city strategy and launching airline partnerships. Before rejoining JetBlue, St. George served as Chief Commercial Officer at LATAM Airlines Group from 2020 to 2024. His experience also includes operating an airline strategy consulting practice and serving as interim Chief Commercial Officer at Norwegian Air Shuttle ASA, as well as nearly two decades at United and US Airways.
Warren Christie, Chief Operating Officer
Warren Christie became Chief Operating Officer of JetBlue in February 2024. He joined JetBlue in 2003 and has held a variety of roles with increasing responsibility, including head of safety, security, fleet operations, airports, and JetBlue University prior to his COO appointment. Christie has over 30 years of aviation experience, including serving as a Naval Aviator in the United States Navy, where he piloted the F/A-18 Hornet and instructed at the Navy Fighter Weapons School (TOPGUN).
Dave Clark, SVP Finance and Strategy
Dave Clark was named SVP Finance and Strategy in April 2024. In this role, he is responsible for financial planning and analysis, strategy and business development, and investor relations. Clark joined JetBlue in May 2009 and has led various teams across the commercial organization. He previously served as Head of Revenue and Planning from January 2022 to April 2024 and as Vice President, Sales and Revenue Management from February 2017 to December 2021. Before joining JetBlue, he was a project leader in the Boston Consulting Group's Travel & Tourism practice.
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```htmlKey Risks to JetBlue Airways (JBLU)
- Persistent Financial Losses and Challenges to Profitability: JetBlue Airways has faced ongoing financial struggles, reporting net losses since 2019/2024 and consistently missing profitability targets. Analysts continue to project negative earnings for the company through at least 2026. This prolonged period of unprofitability raises fundamental questions about the company's ability to execute its strategic plans effectively and achieve sustained financial recovery. The company's management has repeatedly shifted its timeline for achieving breakeven or better EBIT (Earnings Before Interest and Taxes) margins, leading to skepticism among market observers regarding its execution capabilities.
- High Operating Costs and Intense Competition: JetBlue operates in a fiercely competitive airline industry characterized by high fixed costs and susceptibility to external factors. The company faces significant pressure from rising operational expenses, particularly fluctuating fuel prices and increasing labor costs. Additionally, JetBlue competes with both major legacy carriers and aggressive low-cost and ultra-low-cost providers, which intensifies pricing pressure and makes it challenging to achieve and maintain sustainable cost advantages. The company's concentration in coastal markets has also contributed to revenue pressures and potential market share losses.
- Significant Leverage and Liquidity Concerns: JetBlue carries a substantial amount of debt and operates with a high debt-to-equity ratio, indicating a significant level of leverage. This heavy debt burden makes the company vulnerable to market fluctuations, economic downturns, and rising interest expenses. Furthermore, there are ongoing concerns about JetBlue's liquidity, with potential risks such as credit card processors imposing holdbacks if specific liquidity thresholds are not met, which could further constrain the airline's cash flow.
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The addressable markets for JetBlue Airways' main products and services, which are air passenger transportation services, are identified by region as follows:
- The United States airline industry, encompassing air passenger transportation services, had an estimated total revenue of $254.5 billion in 2023.
- The Latin America Aviation Market, which includes the transportation of passengers and cargo across Mexico, Central America, South America, and the Caribbean, was valued at USD 65.3 billion in 2024.
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Expected Drivers of Future Revenue Growth for JetBlue Airways (JBLU)
Over the next 2-3 years, JetBlue Airways (JBLU) is expected to drive future revenue growth through several strategic initiatives, primarily under its "JetForward" transformation plan aimed at improving profitability.
- Expansion of Premium Product Offerings: JetBlue is focusing on increasing revenue from its premium services. This includes the continued strong performance of its Mint lie-flat transcontinental and transatlantic offerings, the planned launch of a new "Mini Mint" recliner-style premium cabin on shorter-haul routes starting in August 2026, and the introduction of a domestic first-class option in 2026. Additionally, the opening of new airport lounges, such as the "BlueHouse" at JFK Terminal 5 in December 2025 and another in Boston in 2026, aims to attract and retain higher-value premium travelers.
- Enhanced Loyalty Program and Strategic Partnerships: The "Blue Sky" collaboration with United Airlines is a significant driver, expected to accelerate the "JetForward" plan by enhancing customer choice and loyalty program retention. This partnership, which began rolling out initial benefits in late 2025 and will include mutual elite customer loyalty benefits and cross-selling interline flights throughout 2026, is anticipated to boost loyalty program engagement and associated revenue. Loyalty revenue already showed an 8% year-over-year increase in 2025, and JetBlue expects to grow loyalty revenue as a percentage of total revenue by about one point to 14% in 2026.
- Targeted Network Expansion and Fort Lauderdale Focus: JetBlue is strategically expanding its network, particularly in high-demand leisure markets. Fort Lauderdale is a top growth priority, with significant capacity additions made in mid-to-late 2025 and further expansion planned as facilities become available. This expansion includes new routes and increased frequencies in core markets such as Florida, Latin America, and the Caribbean, aiming to capture high-yield leisure traffic and strengthen market dominance. International expansion also includes new European routes from Boston to Madrid and Edinburgh, which commenced in May 2025, complementing existing transatlantic services.
- Fleet Modernization for Improved Customer Experience and Efficiency: The ongoing fleet modernization, specifically the expansion of the Airbus A220 fleet to replace older Embraer E190 aircraft, is a key driver. While primarily aimed at improving fuel efficiency (a 20% improvement in fuel burn per seat is expected) and reducing unit costs, the A220s also offer improved premium seating. This enhancement in the customer experience on newer, more efficient aircraft can contribute to revenue growth by making JetBlue's offerings more attractive and potentially allowing for higher yields. JetBlue plans to double its A220 fleet by 2029.
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Share Repurchases
- JetBlue Airways did not report significant share repurchases during the last 3-5 years (2021-2025).
Share Issuance
- The company reported stock issuances of approximately $60 million in 2023, $53 million in 2024, and $52 million in 2025.
- JetBlue's shares outstanding increased from approximately 318 million at the end of 2021 to 369 million at the end of 2025.
Capital Expenditures
- Capital expenditures, including pre-delivery deposits for flight equipment, amounted to approximately $1.1 billion in 2025.
- Over the last five fiscal years, capital expenditures were $995 million in 2021, $923 million in 2022, $1.206 billion in 2023, and peaked at $1.619 billion in 2024.
- JetBlue strategically reduced its projected capital expenditures for 2026-2029 by roughly $3 billion since 2023, with anticipated capital expenditures of approximately $900 million for 2026. These expenditures primarily focus on flight equipment and associated pre-delivery deposits.
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| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.76 |
| Mkt Cap | 14.8 |
| Rev LTM | 41,348 |
| Op Inc LTM | 1,090 |
| FCF LTM | -584 |
| FCF 3Y Avg | -73 |
| CFO LTM | 1,886 |
| CFO 3Y Avg | 2,419 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.5% |
| Rev Chg 3Y Avg | 6.8% |
| Rev Chg Q | 2.8% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 3.4% |
| Op Mgn 3Y Avg | 6.0% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 7.7% |
| CFO/Rev 3Y Avg | 8.6% |
| FCF/Rev LTM | -2.7% |
| FCF/Rev 3Y Avg | -0.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.8 |
| P/S | 0.4 |
| P/EBIT | 5.7 |
| P/E | 25.2 |
| P/CFO | 3.5 |
| Total Yield | 3.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -1.7% |
| D/E | 1.4 |
| Net D/E | 0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -23.5% |
| 3M Rtn | -16.2% |
| 6M Rtn | -9.3% |
| 12M Rtn | 2.4% |
| 3Y Rtn | 10.6% |
| 1M Excs Rtn | -18.4% |
| 3M Excs Rtn | -8.8% |
| 6M Excs Rtn | -6.6% |
| 12M Excs Rtn | -11.1% |
| 3Y Excs Rtn | -49.5% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $4.22 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 04/12/2002 | |
| Distance from 52W High | -34.7% | |
| 50 Days | 200 Days | |
| DMA Price | $5.13 | $4.79 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -17.8% | -11.8% |
| 3M | 1YR | |
| Volatility | 72.2% | 66.1% |
| Downside Capture | 1.27 | 1.52 |
| Upside Capture | 221.29 | 156.25 |
| Correlation (SPY) | 39.4% | 55.4% |
JBLU Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.23 | 1.60 | 1.51 | 1.11 | 1.89 | 1.55 |
| Up Beta | 0.03 | 3.20 | 2.98 | 2.09 | 1.80 | 1.62 |
| Down Beta | -1.87 | 1.66 | 1.49 | 1.48 | 2.24 | 1.70 |
| Up Capture | 367% | 212% | 184% | 61% | 198% | 149% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 21 | 32 | 60 | 117 | 367 |
| Down Capture | 145% | 18% | 53% | 71% | 143% | 110% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 19 | 28 | 59 | 126 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JBLU | |
|---|---|---|---|---|
| JBLU | -19.1% | 66.0% | -0.06 | - |
| Sector ETF (XLI) | 20.5% | 19.2% | 0.84 | 58.9% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 55.4% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 6.0% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 12.3% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 49.9% |
| Bitcoin (BTCUSD) | -21.0% | 44.0% | -0.41 | 26.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JBLU | |
|---|---|---|---|---|
| JBLU | -25.6% | 58.6% | -0.27 | - |
| Sector ETF (XLI) | 12.3% | 17.2% | 0.56 | 47.6% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 44.3% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 3.1% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 4.5% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 37.8% |
| Bitcoin (BTCUSD) | 4.7% | 56.6% | 0.30 | 22.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JBLU | |
|---|---|---|---|---|
| JBLU | -14.2% | 53.5% | -0.07 | - |
| Sector ETF (XLI) | 13.0% | 19.8% | 0.58 | 53.0% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 44.9% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | -0.9% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 11.6% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 41.1% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/27/2026 | -6.9% | 3.7% | 9.6% |
| 10/28/2025 | -11.9% | -11.4% | -7.4% |
| 7/29/2025 | 6.7% | -0.5% | 22.0% |
| 4/29/2025 | 2.7% | 14.7% | 28.3% |
| 1/28/2025 | -25.7% | -25.3% | -17.3% |
| 10/29/2024 | -17.1% | -22.0% | -19.3% |
| 7/30/2024 | 12.3% | -9.8% | -18.0% |
| 4/23/2024 | -18.8% | -21.4% | -24.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 9 | 12 |
| # Negative | 18 | 15 | 12 |
| Median Positive | 2.7% | 3.4% | 15.8% |
| Median Negative | -6.6% | -8.6% | -12.4% |
| Max Positive | 12.3% | 14.7% | 70.7% |
| Max Negative | -25.7% | -25.3% | -24.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 1/27/2026 | Prior: Q3 2025 Earnings Reported 10/28/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Available Seat Miles (ASMs) Year-Over-Year | 0.01 | 0.02 | 0.04 | 166.7% | 1.2% | Raised | Guidance: 0.01 for Q4 2025 |
| Q1 2026 RASM Year-Over-Year | 0 | 0.02 | 0.04 | -200.0% | 4.0% | Raised | Guidance: -0.02 for Q4 2025 |
| Q1 2026 CASM Ex-Fuel Year-Over-Year | 0.04 | 0.04 | 0.06 | 12.5% | 0.5% | Raised | Guidance: 0.04 for Q4 2025 |
| Q1 2026 Fuel Price per Gallon | 2.27 | 2.35 | 2.42 | -2.5% | Lowered | Guidance: 2.4 for Q4 2025 | |
| Q1 2026 Capital Expenditures | 200.00 Mil | -33.3% | Lowered | Guidance: 300.00 Mil for Q4 2025 | |||
| 2026 Incremental EBIT | 310.00 Mil | Higher New | |||||
| 2026 Available Seat Miles (ASMs) Year-Over-Year | 0.03 | 0.04 | 0.04 | -450.0% | 4.5% | Raised | Guidance: -0.01 for 2025 |
| 2026 RASM Year-Over-Year | 0.02 | 0.04 | 0.05 | Higher New | |||
| 2026 CASM Ex-Fuel Year-Over-Year | 0.01 | 0.02 | 0.03 | -63.6% | -3.5% | Lowered | Guidance: 0.06 for 2025 |
| 2026 Fuel Price per Gallon | 2.17 | 2.27 | 2.37 | Higher New | |||
| 2026 Interest Expense | 580.00 Mil | -1.7% | Lowered | Guidance: 590.00 Mil for 2025 | |||
| 2026 Capital Expenditures | 900.00 Mil | -18.2% | Lowered | Guidance: 1.10 Bil for 2025 | |||
| 2027 Incremental EBIT | 850.00 Mil | 900.00 Mil | 950.00 Mil | Higher New | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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