Want to see JBLU full AI Analyst Report?
Top Page
JetBlue Airways
(NASDAQ:JBLU)
Select Model
Select Model
Rating:45Neutral
Price Target:
$2.50
▼(-48.88% Downside)
Action:Reiterated
Date:10/28/26
The score is held down primarily by weak financial performance (ongoing losses, cash burn, and high leverage) and bearish technicals (price below all key moving averages with negative MACD). These are partially offset by a more constructive earnings call outlook driven by strong unit revenue trends and improving margins, but the path to profitability and positive free cash flow remains forward-dated.
Positive Factors
Strong unit revenue growth and resilient demand
Strong RASM growth combined with resilient customer volumes indicates improved pricing power and demand quality across peak and off-peak periods. If sustained, this supports revenue expansion, helps absorb cost inflation, and strengthens JetBlue’s earnings recovery over coming quarters.
Negative Factors
Persistent losses and negative cash generation
JetBlue is not currently converting substantial revenue into operating profit or internally generated cash. Continued losses and cash burn can consume liquidity, increase financing dependence, and limit investment capacity until management’s targeted 2027–2028 turnaround is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong unit revenue growth and resilient demand
Strong RASM growth combined with resilient customer volumes indicates improved pricing power and demand quality across peak and off-peak periods. If sustained, this supports revenue expansion, helps absorb cost inflation, and strengthens JetBlue’s earnings recovery over coming quarters.
Read all positive factors
JetBlue Airways (JBLU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.08B
Dividend YieldN/A
Average Volume (3M)27.79M
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue Growth9.87%
EPS Growth-104.29%
CountryUS
Employees19,647
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-2.70
Shares Outstanding377,351,870
10 Day Avg. Volume44,330,566
30 Day Avg. Volume27,792,764
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.79
Price to Sales (P/S)0.19
P/FCF Ratio-1.38
Enterprise Value/Market Cap8.76
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit2.37
Enterprise Value/Ebitda42.84
Forecast
1Y Price Target
$4.37Price Target Upside-10.67% Downside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)-2.69
Revenue Forecast (FY)$10.50B
JetBlue Airways Business Overview & Revenue Model
Company Description
JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A220, Airbus A320, Airbus A320 Restyled, Airbus A321, Airbus A321 with Mint, Airbus A321neo, Airbus A321neo with Mint, and Airbus A321neoLR wi...
How the Company Makes Money
JetBlue primarily makes money by selling air transportation to customers, with revenue generated from passenger fares and related charges for travel on its network. Its revenue model combines (1) base ticket sales and fare products (the core of pa...
JetBlue Airways Earnings Call Summary
Earnings Call Date:Oct 27, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 28, 2027
Earnings Call Sentiment Positive
The call was predominantly positive. JetBlue reported strong and accelerating revenue performance, resilient demand, progress from JetForward initiatives, margin expansion despite substantially higher fuel prices, strong liquidity, and multiple paths toward operating profitability in 2027 and positive free cash flow and at least $1 of EPS in 2028. The main negatives were severe fuel headwinds, summer weather and air traffic control disruptions, a negative full-year adjusted operating margin outlook, ongoing balance-sheet repair needs, and a supply chain constraint affecting BlueFirst installation.Positive Updates
Strong Third-Quarter Unit Revenue Growth
Third-quarter RASM increased 18.4% year-over-year, roughly 4 points better than the midpoint of initial guidance, placing JetBlue among the industry leaders in total and unit revenue growth. Higher yields, supported in part by investments in revenue management technology, drove a majority of the outperformance.
Negative Updates
Significant Fuel Cost Headwinds
Third-quarter fuel prices were $3.91 per gallon, up 57% year-over-year. Fourth-quarter fuel prices are expected to be approximately $4.64 per gallon, or 85% higher than last year. Management identified elevated fuel prices as a continuing challenge and said they created 3.5 points of pressure relative to the July adjusted operating margin outlook.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Unit Revenue Growth
Third-quarter RASM increased 18.4% year-over-year, roughly 4 points better than the midpoint of initial guidance, placing JetBlue among the industry leaders in total and unit revenue growth. Higher yields, supported in part by investments in revenue management technology, drove a majority of the outperformance.
Read all positive updates
Company Guidance
JetBlue expects fourth quarter RASM to increase 18% to 22% year-over-year and full-year RASM to increase 13.5% to 14.5%; fourth quarter capacity growth is expected at 3% to 4% and full-year growth at 1.5% to 6.5% year-over-year. Fourth quarter CASM-ex fuel is expected between negative 1% and positive 1% year-over-year, with full-year CASM-ex fuel growth of 3.5% to 4.5%, fuel prices of approximately $4.64 per gallon, and 1 to 2 points of year-over-year adjusted operating margin expansion; full-year adjusted operating margin is expected at negative 4.5% to 6.5%. The company expects operating profitability in 2027 and positive free cash flow and at least $1 of earnings per share in 2028, with annual CapEx approximately $850 million and below $1 billion through the end of the decade; if growing mid single digits in 2027, it expects low-single-digit controllable cost growth. BlueFirst is expected to deliver nearly 5 points of RASM improvement with revenue and margin contributions building through 2028 and beyond, Paisly is on track to deliver nearly $100 million in operating income this year with that contribution expected to nearly double by 2028, and the company expects to draw the incremental $250 million available under its aircraft backed financing accordion in the fourth quarter.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 | 9.99B | 9.06B | 9.28B | 9.62B | 9.16B | 6.04B |
| Gross Profit | 3.98B | 3.07B | 2.29B | 2.32B | 1.97B | 890.00M |
| EBITDA | 220.00M | 494.00M | 562.00M | 588.00M | 400.00M | -373.00M |
| Net Income | -1.00B | -602.00M | -795.00M | -310.00M | -362.00M | -182.00M |
Balance Sheet | ||||||
| Total Assets | 15.97B | 18.63B | 16.84B | 15.33B | 14.45B | 14.85B |
| Cash, Cash Equivalents and Short-Term Investments | 1.51B | 2.26B | 3.61B | 1.57B | 1.39B | 2.84B |
| Total Debt | 9.35B | 10.26B | 9.14B | 5.93B | 4.38B | 4.80B |
| Total Liabilities | 14.63B | 16.51B | 14.20B | 11.99B | 10.88B | 11.00B |
| Stockholders Equity | 1.34B | 2.12B | 2.64B | 3.34B | 3.56B | 3.85B |
Cash Flow | ||||||
| Free Cash Flow | -1.17B | -1.22B | -1.48B | -806.00M | -544.00M | 647.00M |
| Operating Cash Flow | -224.00M | -94.00M | 144.00M | 400.00M | 379.00M | 1.64B |
| Investing Cash Flow | -651.00M | 658.00M | -3.08B | -1.38B | -908.00M | -704.00M |
| Financing Cash Flow | -252.00M | -417.00M | 3.77B | 1.11B | -360.00M | -830.00M |
JetBlue Airways Technical Analysis
Negative
4.89
Price Trends
4.06
Negative
4.83
Negative
4.94
Negative
Market Momentum
-0.45
Positive
33.78
Neutral
51.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBLU, the sentiment is Negative. The current price of 4.89 is above the 20-day moving average (MA) of 3.31, above the 50-day MA of 4.06, and below the 200-day MA of 4.94, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 33.78 is Neutral, neither overbought nor oversold. The STOCH value of 51.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JBLU.
JetBlue Airways Risk Analysis
JetBlue Airways disclosed 40 risk factors in its most recent earnings report. JetBlue Airways reported the most risks in the "Legal & Regulatory" 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $52.86B | 15.94 | 15.40% | 1.00% | 14.11% | -29.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $33.60B | 9.46 | 21.81% | ― | 12.31% | 9.08% | |
59 Neutral | $21.28B | 20.60 | 14.39% | 1.66% | 14.49% | 205.66% | |
50 Neutral | $1.42B | -3.43 | -186.46% | ― | 23.97% | -200.15% | |
45 Neutral | $1.08B | -1.06 | -58.36% | ― | 9.87% | -104.29% | |
43 Neutral | $8.34B | -17.23 | 12.03% | 1.41% | 12.32% | -179.51% |
* Industrials Sector Average
JBLU
JetBlue Airways
2.85
-1.28
-30.99%
DAL
Delta Air Lines
80.35
23.83
42.17%
LUV
Southwest Airlines
43.47
13.91
47.05%
UAL
United Airlines Holdings
103.43
10.05
10.76%
AAL
American Airlines
12.58
-0.20
-1.56%
ULCC
Frontier Group Holdings
6.17
2.49
67.66%
JetBlue Airways Corporate Events
Business Operations and StrategyFinancial Disclosures
JetBlue posts strong Q3 results, boosts Fort Lauderdale
Positive
Oct 26, 2026
On October 26, 2026, JetBlue reported strong third-quarter 2026 results, with operating revenue up 21.1% year over year and RASM rising 18.4%, materially above expectations, despite a 57% jump in fuel prices. The airline recaptured about 87% of hi...
Business Operations and StrategyFinancial Disclosures
JetBlue Raises Revenue Outlook Despite Cost Headwinds
Positive
Sep 10, 2026
JetBlue reported that travel demand remained strong throughout the third quarter of 2026, with healthy bookings across peak and off-peak periods and no meaningful signs of price elasticity. Early fourth-quarter booking trends were also encouraging...
Executive/Board ChangesRegulatory Filings and Compliance
JetBlue Airways Announces Icahn Group Board Resignations
Neutral
Aug 27, 2026
On August 21, 2026, JetBlue Airways was informed by a representative of the Icahn Group that the Group’s ownership had fallen below the threshold granting it the right to appoint two directors under a February 16, 2024 Director Appointment a...
Business Operations and StrategyFinancial Disclosures
JetBlue Highlights Strong Q2 Results and JetForward Progress
Positive
Jul 28, 2026
On July 28, 2026, JetBlue reported second-quarter 2026 results showing a 14.5% year-over-year rise in operating revenue to $2.7 billion and a 10.9% increase in RASM, aided by strong demand and commercial initiatives under its JetForward transforma...
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.