JetBlue Airways (JBLU)
NASDAQ:JBLU
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JetBlue Airways
(NASDAQ:JBLU)
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Rating:46Neutral
Price Target:
$5.00
▼(-14.82% Downside)
Action:ReiteratedDate:04/28/26
The score is driven primarily by weak financial performance—ongoing losses, rising leverage, and deteriorating cash generation. Technicals are neutral with only modest positive momentum, while valuation support is limited due to negative earnings and no dividend. Earnings-call commentary adds some offset via improving revenue/unit trends and liquidity, but suspended guidance and fuel-cost risk keep the outlook uncertain.
Positive Factors
RASM / unit revenue strength
Sustained RASM gains indicate durable pricing power and demand resilience. Higher unit revenue supports margin recovery even with volatile costs, enabling management to use fares and ancillary levers to restore profitability over the next 2–6 months as capacity is optimized.
Negative Factors
Deteriorating cash generation
Persistent negative operating and free cash flow constrain reinvestment and debt reduction. Over months, weak cash generation increases reliance on external funding, limits flexibility for fleet or network investment, and amplifies refinancing and liquidity risk in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
RASM / unit revenue strength
Sustained RASM gains indicate durable pricing power and demand resilience. Higher unit revenue supports margin recovery even with volatile costs, enabling management to use fares and ancillary levers to restore profitability over the next 2–6 months as capacity is optimized.
Read all positive factors
JetBlue Airways (JBLU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.81B
Dividend YieldN/A
Average Volume (3M)30.04M
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth-0.52%
EPS Growth-138.22%
CountryUS
Employees23,000
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.87
Shares Outstanding372,018,900
10 Day Avg. Volume27,840,623
30 Day Avg. Volume30,038,328
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.79
Price to Sales (P/S)0.19
P/FCF Ratio-1.83
Enterprise Value/Market Cap5.08
Enterprise Value/Revenue1.00
Enterprise Value/Gross Profit2.52
Enterprise Value/Ebitda20.97
Forecast
1Y Price Target
$5.07Price Target Upside-13.59% Downside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)-2.53
Revenue Forecast (FY)$10.07B
JetBlue Airways Business Overview & Revenue Model
Company Description
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 Embr...
How the Company Makes Money
JetBlue primarily makes money by selling air travel to customers, generating passenger revenue from base fares across its route network. Beyond the ticket price, it earns substantial ancillary revenue from optional products and services tied to tr...
JetBlue Airways Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Neutral
The call conveys a balanced picture: JetBlue is delivering clear operational progress—strong RASM, loyalty and Fort Lauderdale growth, Jet Forward traction, disciplined capital spending, and ample near-term liquidity—yet faces a material macro headwind from sharply higher fuel prices that has prompted suspension of full-year guidance, planned capacity reductions, and potential incremental funding. Management emphasizes demand resilience and active mitigation (fares, capacity, cost), but near-term financial uncertainty remains tied to the fuel trajectory.Positive Updates
Strong RASM Performance
First-quarter RASM grew +6.5% year over year, in line with revised guidance and 4.5 points above the midpoint of the initial RASM range; management expects Q2 RASM growth of 7%–11% year over year on 1.5%–4.5% more capacity.
Negative Updates
Suspension of Full-Year Guidance
Due to a sharp fuel price spike driven by conflict in the Middle East, JetBlue suspended its full-year guidance, citing the move as a response to external macro headwinds rather than internal strategy changes.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong RASM Performance
First-quarter RASM grew +6.5% year over year, in line with revised guidance and 4.5 points above the midpoint of the initial RASM range; management expects Q2 RASM growth of 7%–11% year over year on 1.5%–4.5% more capacity.
Read all positive updates
Company Guidance
JetBlue suspended full‑year guidance after a sharp fuel spike and gave detailed near‑term targets: Q2 RASM guidance is +7% to +11% year‑over‑year on capacity up 1.5%–4.5%, with management saying Q2 will recapture roughly 30%–40% of the recent fuel cost increase (100% recapture targeted by early 2027); Q2 fuel is modeled at $4.13–$4.28/gal (Q1 avg $2.96, ~26% above the prior midpoint) and every $0.10 change equals ~ $85M of annual expense. They expect CASM ex‑fuel to rise 3%–5% in Q2, with >2 points less unit‑cost growth in 2H vs 1H, and noted Q1 CASM ex‑fuel was +6.6% (adjusted to +2.5% ex‑disruptions). Capacity actions include ~1 point pull vs. close‑in expectations in Q2 and plans to cut 2–3 points in the back half, and management expects to continue cost, fare and ancillary moves to offset fuel. CapEx is ~$275M in Q2 and ~$800M for 2026 (12 aircraft deliveries this year, down from 14), with a sub‑$1B annual CapEx target through the decade. Liquidity finished the quarter at $2.4B (26% of TTM revenue; target 17%–20%), a $600M undrawn revolver, $500M recently raised secured (accordion to $750M), >$6B unencumbered asset base, and Jet Forward targets of $310M incremental EBIT in 2026 and $850M–$950M in 2027.JetBlue Airways Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.16B | 9.06B | 9.28B | 9.62B | 9.16B | 6.04B |
| Gross Profit | 3.64B | 3.07B | 2.29B | 2.32B | 1.97B | 890.00M |
| EBITDA | 438.00M | 494.00M | 490.00M | 526.00M | 349.00M | -418.00M |
| Net Income | -713.00M | -602.00M | -795.00M | -310.00M | -362.00M | -182.00M |
Balance Sheet | ||||||
| Total Assets | 16.61B | 18.63B | 16.84B | 15.33B | 14.45B | 14.85B |
| Cash, Cash Equivalents and Short-Term Investments | 2.27B | 2.26B | 3.61B | 1.57B | 1.39B | 2.84B |
| Total Debt | 9.33B | 10.26B | 9.14B | 5.93B | 4.38B | 4.80B |
| Total Liabilities | 14.80B | 16.51B | 14.20B | 11.99B | 10.88B | 11.00B |
| Stockholders Equity | 1.81B | 2.12B | 2.64B | 3.34B | 3.56B | 3.85B |
Cash Flow | ||||||
| Free Cash Flow | -950.00M | -915.00M | -1.35B | -806.00M | -544.00M | 647.00M |
| Operating Cash Flow | -88.00M | -94.00M | 144.00M | 400.00M | 379.00M | 1.64B |
| Investing Cash Flow | 209.00M | 658.00M | -3.08B | -1.38B | -908.00M | -704.00M |
| Financing Cash Flow | -448.00M | -417.00M | 3.77B | 1.11B | -360.00M | -830.00M |
JetBlue Airways Technical Analysis
Positive
5.87
Price Trends
5.05
Positive
4.97
Positive
4.82
Positive
Market Momentum
0.23
Negative
67.66
Neutral
80.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBLU, the sentiment is Positive. The current price of 5.87 is above the 20-day moving average (MA) of 4.74, above the 50-day MA of 5.05, and above the 200-day MA of 4.82, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 67.66 is Neutral, neither overbought nor oversold. The STOCH value of 80.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JBLU.
JetBlue Airways Risk Analysis
JetBlue Airways disclosed 39 risk factors in its most recent earnings report. JetBlue Airways reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JetBlue Airways Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $855.69M | 9.24 | 8.62% | ― | 4.36% | -25.89% | |
51 Neutral | $18.94B | 20.61 | 10.67% | 1.73% | 4.72% | 72.71% | |
50 Neutral | $7.83B | -4.65 | -5.17% | ― | 3.33% | -70.60% | |
49 Neutral | $918.93M | -7.87 | -27.39% | ― | -1.35% | -261.43% | |
47 Neutral | $4.37B | -5.45 | 1.85% | ― | 13.94% | -79.71% | |
46 Neutral | $1.81B | -1.28 | -33.13% | ― | -0.52% | -138.22% |
* Industrials Sector Average
JBLU
JetBlue Airways
4.86
0.19
4.07%
ALK
Alaska Air
38.55
-10.10
-20.76%
LUV
Southwest Airlines
38.76
9.28
31.46%
AAL
American Airlines
11.84
1.18
11.07%
SNCY
Sun Country Airlines Holdings
15.79
4.79
43.55%
ULCC
Frontier Group Holdings
4.00
0.48
13.80%
JetBlue Airways Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
JetBlue Reports Q1 Revenue Growth Amid Rising Costs
Neutral
Apr 28, 2026
On April 28, 2026, JetBlue Airways reported first-quarter 2026 results that showed operating revenue rising 4.7% year over year to $2.2 billion and a 6.5% increase in RASM, supported by resilient demand, particularly strong premium-cabin and loyal...
Business Operations and StrategyPrivate Placements and Financing
JetBlue Secures $500 Million Aircraft-Backed Financing Facility
Positive
Apr 17, 2026
JetBlue Airways entered into a Framework Agreement on April 14, 2026 with affiliates of SKY Leasing and UMB Bank to secure $500 million in committed debt financing backed by up to 22 of its owned A320 and A220 aircraft. Each borrowing will be a se...
Business Operations and StrategyFinancial Disclosures
JetBlue Updates Q1 Outlook, Highlights JetForward Strategy Plans
Neutral
Mar 17, 2026
JetBlue reported that first-quarter 2026 travel demand was stronger than previously expected across both premium and core cabins, partially offsetting higher fuel costs and expenses from operational disruptions. Two major winter storms in January ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.