JetBlue Airways (JBLU) financial statements
JetBlue Airways reported revenue of $9.1B in fiscal 2025, up 3.6% a year over 9 years.
Net income was -$602M and the operating margin -4.1%, against 19.1% in 2016.
Free cash flow was -$1.2B.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from JetBlue Airways's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6B | $7.0B | $7.7B | $8.1B | $3.0B | $6.0B | $9.2B | $9.6B | $9.3B | $9.1B |
| Operating income | $1.3B | $973M | $266M | $800M | -$1.7B | -$80M | -$298M | -$230M | -$684M | -$368M |
| Interest expense | — | — | — | — | — | $6M | $166M | $210M | $365M | $588M |
| Pre-tax income | $1.2B | $918M | $219M | $768M | -$1.9B | -$263M | -$437M | -$334M | -$897M | -$774M |
| Income tax | $437M | -$222M | $30M | $199M | -$539M | -$81M | -$75M | -$24M | -$102M | -$172M |
| Net income | $727M | $1.1B | $189M | $569M | -$1.4B | -$182M | -$362M | -$310M | -$795M | -$602M |
| EPS (diluted) | $2.13 | $3.45 | $0.60 | $1.91 | -$4.88 | -$0.57 | -$1.12 | -$0.93 | -$2.30 | -$1.66 |
| Diluted shares | 342M | 330M | 314M | 298M | 278M | 318M | 324M | 333M | 346M | 362M |
| Operating margin | 19.1% | 13.9% | 3.5% | 9.9% | -58.0% | -1.3% | -3.3% | -2.4% | -7.4% | -4.1% |
| Net margin | 11.0% | 16.3% | 2.5% | 7.0% | -45.8% | -3.0% | -4.0% | -3.2% | -8.6% | -6.6% |
Balance sheet
Fiscal years, from JetBlue Airways's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $971M | $693M | $887M | $1.3B | $3.1B | $2.8B | $1.4B | $1.6B | $3.6B | $2.2B |
| Receivables | $172M | $245M | $211M | $231M | $98M | $207M | $317M | $336M | $348M | $372M |
| Inventory | $47M | $55M | $78M | $81M | $71M | $74M | $87M | $109M | $158M | $193M |
| Total current assets | $1.4B | $1.2B | $1.4B | $1.8B | $3.3B | $3.2B | $1.9B | $2.2B | $4.3B | $3.2B |
| Property, plant and equipment | $7.3B | $8.0B | $8.0B | $8.6B | $8.4B | $8.8B | $9.1B | $9.7B | $10.7B | $11.2B |
| Total assets | $9.3B | $9.8B | $11.0B | $11.9B | $13.4B | $13.6B | $13.0B | $13.9B | $16.8B | $16.6B |
| Total current liabilities | $2.2B | $2.1B | $2.5B | $2.7B | $2.7B | $3.4B | $3.7B | $3.6B | $3.9B | $4.4B |
| Long-term debt | $1.2B | $1.0B | $1.4B | $2.0B | $4.4B | $3.7B | $3.1B | $4.4B | $8.1B | $7.7B |
| Total liabilities | $5.4B | $5.0B | $6.3B | $7.1B | $9.5B | $9.8B | $9.5B | $10.5B | $14.2B | $14.4B |
| Shareholders' equity | $4.0B | $4.7B | $4.7B | $4.8B | $4.0B | $3.8B | $3.6B | $3.3B | $2.6B | $2.1B |
| Net debt | $762M | $700M | $887M | $1.0B | $2.5B | $1.6B | $2.1B | $3.2B | $6.2B | $5.8B |
Cash flow
Fiscal years, from JetBlue Airways's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.6B | $1.4B | $1.2B | $1.4B | -$683M | $1.6B | $379M | $400M | $144M | -$94M |
| Capital spending | $850M | $1.1B | $908M | $932M | $715M | $907M | $767M | $1.1B | $1.5B | $1.1B |
| Free cash flow | $782M | $305M | $292M | $517M | -$1.4B | $735M | -$388M | -$728M | -$1.3B | -$1.2B |
| Stock-based compensation | $23M | $29M | $28M | $31M | $28M | $28M | $30M | $39M | $39M | $40M |
| Share buybacks (net) | -$120M | -$380M | -$375M | -$535M | -$160M | — | — | — | — | — |
| Net borrowing | $0 | $0 | $687M | $981M | $2.5B | $1.0B | $0 | $78M | $3.8B | $0 |
| Free cash flow margin | 11.9% | 4.3% | 3.8% | 6.4% | -47.3% | 12.2% | -4.2% | -7.6% | -14.4% | -12.9% |
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Open JBLU in InvestinglyQuestions
What was JetBlue Airways's revenue in 2025?
$9.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does JetBlue Airways generate?
-$1.2B in fiscal 2025 (operating cash flow minus capital spending).
From JetBlue Airways's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.