Is JetBlue The Best Airline Stock?
Following a general trend of improvement among airline stocks, shares…
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | $11.1M | $170K | $8K | |
| Revenue Growth (YoY) | -- | -- | -- | -98.46% | -95.29% | |
| Cost of Revenues | $658K | $895K | $968K | $1M | $903K | |
| Gross Profit | -$658K | -$895K | $10.1M | -$848K | -$895K | |
| Gross Profit Margin | -- | -- | 91.25% | -498.82% | -11187.5% | |
| R&D Expenses | $6.2M | $6.3M | $9.1M | $12.8M | $19M | |
| Selling, General & Admin | $6.2M | $8.3M | $5M | $11.6M | $12.7M | |
| Other Inc / (Exp) | -- | $50K | $314K | -$402K | $370K | |
| Operating Expenses | $11.8M | $13.7M | $13.1M | $23.3M | $30.8M | |
| Operating Income | -$12.4M | -$14.6M | -$3M | -$24.2M | -$31.7M | |
| Net Interest Expenses | $1.2M | $1.8M | $1.4M | $4M | -- | |
| EBT. Incl. Unusual Items | -$13.6M | -$16.4M | -$4.1M | -$28.3M | -$29.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | $1.1M | -- | -- | |
| Net Income to Company | -$13.6M | -$16.4M | -$5.2M | -$28.3M | -$29.9M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$13.6M | -$16.4M | -$5.2M | -$28.3M | -$29.9M | |
| Basic EPS (Cont. Ops) | -$0.58 | -$0.69 | -$0.21 | -$1.16 | -$0.95 | |
| Diluted EPS (Cont. Ops) | -$0.58 | -$0.69 | -$0.21 | -$1.16 | -$0.95 | |
| Weighted Average Basic Share | $23.6M | $23.6M | $24.6M | $24.4M | $31.5M | |
| Weighted Average Diluted Share | $23.6M | $23.6M | $24.6M | $24.4M | $31.5M | |
| EBITDA | -$11.8M | -$13.7M | -$2M | -$23.1M | -$30.8M | |
| EBIT | -$12.4M | -$14.6M | -$3M | -$24.2M | -$31.7M | |
| Revenue (Reported) | -- | -- | $11.1M | $170K | $8K | |
| Operating Income (Reported) | -$12.4M | -$14.6M | -$3M | -$24.2M | -$31.7M | |
| Operating Income (Adjusted) | -$12.4M | -$14.6M | -$3M | -$24.2M | -$31.7M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $11M | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -100% | -- | -- | |
| Cost of Revenues | $230K | $242K | $272K | $224K | $144K | |
| Gross Profit | -$230K | $10.8M | -$272K | -$224K | -$144K | |
| Gross Profit Margin | -- | 97.8% | -- | -- | -- | |
| R&D Expenses | $1.4M | $2.4M | $2.8M | $4.1M | $4.7M | |
| Selling, General & Admin | $1.2M | $2.2M | $2.5M | $2.9M | $3.5M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $2.4M | $4.4M | $5M | $6.7M | $8.1M | |
| Operating Income | -$2.6M | $6.3M | -$5.3M | -$6.9M | -$8.2M | |
| Net Interest Expenses | $338K | $335K | $42K | -- | -- | |
| EBT. Incl. Unusual Items | -$2.9M | $6M | -$5.3M | -$6.5M | -$8M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $1.1M | -- | -- | -- | |
| Net Income to Company | -$2.9M | $4.9M | -$5.3M | -$6.5M | -$8M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$2.9M | $4.9M | -$5.3M | -$6.5M | -$8M | |
| Basic EPS (Cont. Ops) | -$0.12 | $0.21 | -$0.20 | -$0.19 | -$0.21 | |
| Diluted EPS (Cont. Ops) | -$0.12 | $0.21 | -$0.20 | -$0.19 | -$0.21 | |
| Weighted Average Basic Share | $23.6M | $23.6M | $26.7M | $34.5M | $37.9M | |
| Weighted Average Diluted Share | $23.6M | $23.6M | $26.7M | $34.5M | $37.9M | |
| EBITDA | -$2.4M | $6.6M | -$5M | -$6.7M | -$8.1M | |
| EBIT | -$2.6M | $6.3M | -$5.3M | -$6.9M | -$8.2M | |
| Revenue (Reported) | -- | $11M | -- | -- | -- | |
| Operating Income (Reported) | -$2.6M | $6.3M | -$5.3M | -$6.9M | -$8.2M | |
| Operating Income (Adjusted) | -$2.6M | $6.3M | -$5.3M | -$6.9M | -$8.2M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $11M | $238K | $8K | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $820K | $954K | $1.1M | $877K | $653K | |
| Gross Profit | -$820K | $10M | -$823K | -$869K | -$653K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | $6.2M | $8.1M | $11.1M | $16.6M | $20.7M | |
| Selling, General & Admin | $8.4M | $5.5M | $9.4M | $12.3M | $12.8M | |
| Other Inc / (Exp) | $50K | $314K | -$402K | -- | -- | |
| Operating Expenses | $13.8M | $12.6M | $19.4M | $28.1M | $32.9M | |
| Operating Income | -$14.6M | -$2.5M | -$20.3M | -$28.9M | -$33.6M | |
| Net Interest Expenses | $1.9M | $1.3M | $4.4M | $6K | -- | |
| EBT. Incl. Unusual Items | -$16.4M | -$3.6M | -$25M | -$27.7M | -$31.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $1.1M | -- | -- | -- | |
| Net Income to Company | -- | -$5.5M | -$25M | -$27.7M | -$31.9M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$16.4M | -$4.7M | -$25M | -$27.7M | -$31.9M | |
| Basic EPS (Cont. Ops) | -$0.69 | -$0.20 | -$0.99 | -$0.95 | -$0.88 | |
| Diluted EPS (Cont. Ops) | -$0.69 | -$0.20 | -$0.99 | -$0.95 | -$0.88 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$13.8M | -$1.6M | -$19.2M | -$28.1M | -$32.9M | |
| EBIT | -$14.6M | -$2.5M | -$20.3M | -$28.9M | -$33.6M | |
| Revenue (Reported) | -- | $11M | $238K | $8K | -- | |
| Operating Income (Reported) | -$14.6M | -$2.5M | -$20.3M | -$28.9M | -$33.6M | |
| Operating Income (Adjusted) | -$14.6M | -$2.5M | -$20.3M | -$28.9M | -$33.6M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $11M | $170K | $8K | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $656K | $724K | $817K | $676K | $426K | |
| Gross Profit | -$656K | $10.3M | -$647K | -$668K | -$426K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | $4.7M | $6.6M | $8.6M | $12.5M | $14.2M | |
| Selling, General & Admin | $6.6M | $4.3M | $8.7M | $9.5M | $9.6M | |
| Other Inc / (Exp) | $50K | $314K | -$402K | -- | -- | |
| Operating Expenses | $10.6M | $10.2M | $16.5M | $21.3M | $23.4M | |
| Operating Income | -$11.2M | $81K | -$17.2M | -$21.9M | -$23.8M | |
| Net Interest Expenses | $1.5M | $1M | $4M | -- | -- | |
| EBT. Incl. Unusual Items | -$12.6M | -$612K | -$21.5M | -$20.9M | -$22.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $1.1M | -- | -- | -- | |
| Net Income to Company | -$12.6M | -$1.7M | -$21.5M | -$20.9M | -$22.9M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$12.6M | -$1.7M | -$21.5M | -$20.9M | -$22.9M | |
| Basic EPS (Cont. Ops) | -$0.54 | -$0.07 | -$0.85 | -$0.70 | -$0.62 | |
| Diluted EPS (Cont. Ops) | -$0.54 | -$0.07 | -$0.85 | -$0.70 | -$0.62 | |
| Weighted Average Basic Share | $70.8M | $70.8M | $77.1M | $91.1M | $110.8M | |
| Weighted Average Diluted Share | $70.8M | $70.8M | $77.1M | $91.1M | $110.8M | |
| EBITDA | -$10.6M | $805K | -$16.3M | -$21.3M | -$23.4M | |
| EBIT | -$11.2M | $81K | -$17.2M | -$21.9M | -$23.8M | |
| Revenue (Reported) | -- | $11M | $170K | $8K | -- | |
| Operating Income (Reported) | -$11.2M | $81K | -$17.2M | -$21.9M | -$23.8M | |
| Operating Income (Adjusted) | -$11.2M | $81K | -$17.2M | -$21.9M | -$23.8M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $11.4M | $4.5M | $397K | $23.2M | $30.9M | |
| Short Term Investments | -- | -- | -- | $13.8M | $22.3M | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | $127K | -- | -- | -- | -- | |
| Other Current Assets | -- | $1.3M | $1.5M | $1M | $653K | |
| Total Current Assets | $11.5M | $5.8M | $1.9M | $24.2M | $31.5M | |
| Property Plant And Equipment | $2.5M | $2.2M | $2M | $3.6M | $3.1M | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | $80K | $92K | $92K | $92K | $92K | |
| Total Assets | $14M | $8.1M | $5.5M | $27.9M | $34.7M | |
| Accounts Payable | -- | -- | $6.8M | $3.8M | $5.6M | |
| Accrued Expenses | $4.1M | $4.1M | $7.8M | $2.1M | $1M | |
| Current Portion Of Long-Term Debt | $3.6M | $6.2M | $15.4M | -- | -- | |
| Current Portion Of Capital Lease Obligations | $285K | $402K | $266K | $653K | $329K | |
| Other Current Liabilities | -- | -- | $169K | -- | -- | |
| Total Current Liabilities | $14.5M | $22.5M | $31.6M | $6.6M | $6.9M | |
| Long-Term Debt | $22.2M | $18.8M | $9.7M | $1.9M | $1.5M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $36.7M | $41.2M | $41.3M | $8.4M | $8.4M | |
| Common Stock | $27K | $27K | $9K | $27K | $35K | |
| Other Common Equity Adj | $2K | $2K | $2K | $14K | $64K | |
| Common Equity | -$22.7M | -$33.1M | -$35.8M | $19.5M | $26.3M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -$22.7M | -$33.1M | -$35.8M | $19.5M | $26.3M | |
| Total Liabilities and Equity | $14M | $8.1M | $5.5M | $27.9M | $34.7M | |
| Cash and Short Terms | $11.4M | $4.5M | $397K | $23.2M | $30.9M | |
| Total Debt | $25.8M | $24.9M | $25.1M | $1.9M | $1.5M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | $1.4M | $29.9M | $34.1M | $20.9M | |
| Short Term Investments | -- | -- | -- | $28M | -- | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | $1.5M | -- | -- | -- | |
| Other Current Assets | -- | -- | $1.3M | $1.9M | -- | |
| Total Current Assets | -- | $2.9M | $31.2M | $36M | $21.6M | |
| Property Plant And Equipment | -- | $2.2M | $2.8M | $3.2M | $3.3M | |
| Long-Term Investments | -- | -- | -- | $1M | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | $92K | $92K | $92K | -- | |
| Total Assets | -- | $6.2M | $34.1M | $40.3M | $25M | |
| Accounts Payable | -- | -- | $4M | $4.5M | $4M | |
| Accrued Expenses | -- | $4.7M | $4.1M | $686K | -- | |
| Current Portion Of Long-Term Debt | -- | $8M | $40K | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | $313K | $567K | $415K | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | -- | $21.4M | $8.8M | $5.6M | $5.1M | |
| Long-Term Debt | -- | $17.1M | $1.3M | $1.6M | $1.3M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | $38.5M | $10M | $7.2M | $6.4M | |
| Common Stock | -- | $9K | $27K | $35K | $38K | |
| Other Common Equity Adj | -- | $2K | $2K | $124K | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -- | -$32.3M | $24M | $33.1M | $18.6M | |
| Total Liabilities and Equity | -- | $6.2M | $34.1M | $40.3M | $25M | |
| Cash and Short Terms | -- | $1.4M | $29.9M | $34.1M | $20.9M | |
| Total Debt | -- | $25.1M | $1.3M | $1.6M | $1.3M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$13.6M | -$16.4M | -$5.2M | -$28.3M | -$29.9M | |
| Depreciation & Amoritzation | $658K | $895K | $968K | $1M | $903K | |
| Stock-Based Compensation | $5.3M | $1.7M | $2.4M | $2.5M | $5.7M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$7.2M | -$6.6M | -$3.6M | -$20.3M | -$21.2M | |
| Capital Expenditures | $20K | -- | $49K | $1M | $381K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$20K | -- | -$49K | -$14.7M | -$8.1M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $12.1M | $937K | $1.1M | $900K | -- | |
| Long-Term Debt Repaid | -$2.9M | -$1.5M | -$130K | -$685K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -$1.6M | -$303K | -- | |
| Cash From Financing | $18.2M | -$270K | -$478K | $44M | $28.5M | |
| Beginning Cash (CF) | $11.4M | $4.5M | $397K | $9.4M | $8.6M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $10.9M | -$6.9M | -$4.1M | $9M | -$853K | |
| Ending Cash (CF) | $22.3M | -$2.4M | -$3.7M | $18.4M | $7.7M | |
| Levered Free Cash Flow | -$7.2M | -$6.6M | -$3.6M | -$21.3M | -$21.6M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$2.9M | $4.9M | -$5.3M | -$6.5M | -$8M | |
| Depreciation & Amoritzation | $128K | $81K | $272K | $224K | $144K | |
| Stock-Based Compensation | $442K | $1.7M | $515K | $1.5M | $1.6M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$2.4M | -$2.5M | -$3.4M | -$5.7M | -$6.6M | |
| Capital Expenditures | -- | $33K | $277K | $27K | $517K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$33K | -$277K | $4M | $4.7M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -$25K | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -$449K | -- | -- | -- | |
| Cash From Financing | -- | -$329K | $6.4M | -- | -- | |
| Beginning Cash (CF) | -- | $1.4M | $29.9M | $6.1M | $4.7M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$2.4M | -$2.8M | $2.7M | -$1.8M | -$1.9M | |
| Ending Cash (CF) | -- | -$1.5M | $32.6M | $4.3M | $2.8M | |
| Levered Free Cash Flow | -$2.4M | -$2.5M | -$3.6M | -$5.8M | -$7.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -$5.5M | -$25M | -$27.7M | -$31.9M | |
| Depreciation & Amoritzation | -- | $963K | $1.2M | $877K | $653K | |
| Stock-Based Compensation | $4M | $2.7M | $1M | $5.8M | $5.8M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$1M | -$14.9M | -$23.8M | -$23.4M | |
| Capital Expenditures | $20K | $49K | $782K | $528K | $758K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$49K | -$782K | -$28.7M | $12.3M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | $2M | -- | -- | |
| Long-Term Debt Repaid | -- | -$130K | -$685K | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -$858K | -- | -- | |
| Cash From Financing | -- | -$1M | $44.2M | $28.8M | $9.7M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -$2.1M | $28.5M | -$23.8M | -$1.4M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -$1M | -$15.7M | -$24.4M | -$24.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$12.6M | -$1.7M | -$21.5M | -$20.9M | -$22.9M | |
| Depreciation & Amoritzation | $554K | $563K | $817K | $676K | $426K | |
| Stock-Based Compensation | $1.4M | $2.4M | $982K | $4.3M | $4.3M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$7.6M | -$2.1M | -$13.4M | -$16.9M | -$19.1M | |
| Capital Expenditures | -- | $49K | $782K | $285K | $662K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$49K | -$782K | -$14.8M | $5.6M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $937K | -- | $900K | -- | -- | |
| Long-Term Debt Repaid | -$1.5M | -$130K | -$685K | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -$1M | -$303K | -- | -- | |
| Cash From Financing | -$271K | -$1M | $43.6M | $28.4M | $9.6M | |
| Beginning Cash (CF) | $8.1M | $12.7M | $67.3M | $18M | $27.4M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$7.9M | -$3.1M | $29.5M | -$3.3M | -$3.9M | |
| Ending Cash (CF) | $4.9M | $9.6M | $96.8M | $14.7M | $23.6M | |
| Levered Free Cash Flow | -$7.6M | -$2.1M | -$14.1M | -$17.2M | -$19.7M | |
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