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 | $30.4M | $58.7M | $70M | $79.1M | $82.6M | |
| Revenue Growth (YoY) | 11.58% | 73.8% | 19.16% | 13.01% | 4.45% | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $10.1M | -- | -- | -- | -- | |
| Other Inc / (Exp) | $743K | -- | $404K | $254K | -$4K | |
| Operating Expenses | $9.1M | -$19.3M | -$28.4M | -$23.3M | -$20M | |
| Operating Income | -- | $19.3M | $28.4M | $23.3M | $20M | |
| Net Interest Expenses | -- | $132K | $200K | $2.2M | $2M | |
| EBT. Incl. Unusual Items | $10M | $11.9M | $28.5M | $23.3M | $20.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $2.1M | $1.8M | $5.1M | $4M | $3.9M | |
| Net Income to Company | $8M | $10.1M | $23.4M | $19.3M | $17M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $8M | $10.1M | $23.4M | $19.3M | $17M | |
| Basic EPS (Cont. Ops) | $2.95 | $2.16 | $4.40 | $3.60 | $3.16 | |
| Diluted EPS (Cont. Ops) | $2.95 | $2.14 | $4.38 | $3.59 | $3.15 | |
| Weighted Average Basic Share | $2.7M | $4.7M | $5.3M | $5.4M | $5.4M | |
| Weighted Average Diluted Share | $2.7M | $4.7M | $5.4M | $5.4M | $5.4M | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | $13.4M | $15.2M | $31.7M | $44.3M | $50.5M | |
| Revenue (Reported) | $30.4M | $58.7M | $70M | $79.1M | $82.6M | |
| Operating Income (Reported) | -- | $19.3M | $28.4M | $23.3M | $20M | |
| Operating Income (Adjusted) | $13.4M | $15.2M | $31.7M | $44.3M | $50.5M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $17.6M | $17.2M | $19.9M | $20.9M | $20.8M | |
| Revenue Growth (YoY) | 114.89% | -2.08% | 15.15% | 5.04% | -0.17% | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -$6.9M | -$7M | -$5.5M | -$5.6M | -$5.7M | |
| Operating Income | $6.9M | $7M | $5.5M | $5.6M | $5.7M | |
| Net Interest Expenses | $325K | $51K | $107K | $402K | $591K | |
| EBT. Incl. Unusual Items | $3.9M | $7M | $5.5M | $5.6M | $5.7M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $753K | $1.3M | $824K | $1M | $1.1M | |
| Net Income to Company | $3.1M | $5.8M | $4.7M | $4.6M | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $3.1M | $5.8M | $4.7M | $4.6M | $4.6M | |
| Basic EPS (Cont. Ops) | $0.59 | $1.08 | $0.87 | $0.86 | $0.85 | |
| Diluted EPS (Cont. Ops) | $0.59 | $1.08 | $0.86 | $0.85 | $0.84 | |
| Weighted Average Basic Share | $5.3M | $5.3M | $5.4M | $5.4M | $5.4M | |
| Weighted Average Diluted Share | $5.3M | $5.3M | $5.4M | $5.4M | $5.4M | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | $4.5M | $7.7M | $11.6M | $13M | $12.1M | |
| Revenue (Reported) | $17.6M | $17.2M | $19.9M | $20.9M | $20.8M | |
| Operating Income (Reported) | $6.9M | $7M | $5.5M | $5.6M | $5.7M | |
| Operating Income (Adjusted) | $4.5M | $7.7M | $11.6M | $13M | $12.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $51.6M | $67.6M | $77.7M | $81.8M | $83.1M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | $9K | -- | $254K | -$4K | -- | |
| Operating Expenses | -$18.4M | -$26.5M | -$27.7M | -$18.5M | -$21.8M | |
| Operating Income | $18.4M | $26.5M | $27.7M | $18.5M | $21.8M | |
| Net Interest Expenses | $143K | $197K | $1.1M | $2.2M | $2.4M | |
| EBT. Incl. Unusual Items | $9.4M | $25.8M | $28.1M | $18.8M | $22.3M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $2M | $4.2M | $5M | $3.3M | $4.5M | |
| Net Income to Company | $7.4M | $21.7M | $23.2M | $15.6M | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $7.4M | $21.6M | $23.2M | $15.6M | $17.9M | |
| Basic EPS (Cont. Ops) | $2.14 | $4.06 | $4.33 | $2.90 | $3.32 | |
| Diluted EPS (Cont. Ops) | $2.13 | $4.04 | $4.31 | $2.89 | $3.30 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | $12.4M | $29.1M | $42.7M | $48.7M | $48.9M | |
| Revenue (Reported) | $51.6M | $67.6M | $77.7M | $81.8M | $83.1M | |
| Operating Income (Reported) | $18.4M | $26.5M | $27.7M | $18.5M | $21.8M | |
| Operating Income (Adjusted) | $12.4M | $29.1M | $42.7M | $48.7M | $48.9M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $40.7M | $51.2M | $58.9M | $61.6M | $62M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $7.8M | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | $254K | -$4K | -- | |
| Operating Expenses | -$4.9M | -$21.3M | -$19.5M | -$14.7M | -$16.5M | |
| Operating Income | $6.9M | $21.3M | $19.5M | $14.7M | $16.5M | |
| Net Interest Expenses | $325K | $148K | $1.1M | $1.4M | $1.8M | |
| EBT. Incl. Unusual Items | $6M | $19.9M | $19.5M | $15.1M | $16.5M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $1.2M | $3.5M | $3.4M | $2.6M | $3.2M | |
| Net Income to Company | $4.8M | $16.4M | $16.1M | $12.4M | $4.5M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $4.8M | $16.4M | $16.1M | $12.4M | $13.3M | |
| Basic EPS (Cont. Ops) | $1.17 | $3.08 | $3.01 | $2.31 | $2.47 | |
| Diluted EPS (Cont. Ops) | $1.17 | $3.06 | $2.99 | $2.30 | $2.46 | |
| Weighted Average Basic Share | $13.3M | $16M | $16.1M | $16.1M | $16.2M | |
| Weighted Average Diluted Share | $13.4M | $16M | $16.1M | $16.2M | $16.2M | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | $8.3M | $22.2M | $33.2M | $37.5M | $36M | |
| Revenue (Reported) | $40.7M | $51.2M | $58.9M | $61.6M | $62M | |
| Operating Income (Reported) | $6.9M | $21.3M | $19.5M | $14.7M | $16.5M | |
| Operating Income (Adjusted) | $8.3M | $22.2M | $33.2M | $37.5M | $36M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $8.1M | $20.3M | $21M | $18.1M | $5.3M | |
| Short Term Investments | $174.1M | $303.8M | $538.2M | $420.6M | $12M | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $208.8M | $513.2M | $46M | $34.6M | $23.5M | |
| Property Plant And Equipment | $8.8M | $32.7M | $24.3M | $22.9M | $20.9M | |
| Long-Term Investments | $174.1M | $343.9M | $26.7M | $21.1M | $18M | |
| Goodwill | $372K | $8.1M | $7.8M | $7.8M | $7.8M | |
| Other Intangibles | $341K | $8.5M | $6.6M | $5.1M | $3.8M | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $848.4M | $2B | $1.6B | $1.6B | $1.6B | |
| Accounts Payable | -- | -- | -- | -- | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | -- | $1.2B | $965M | $791.5M | $814.7M | |
| Long-Term Debt | $30M | $8.9M | $8M | $75.6M | $28M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $765.8M | $1.8B | $1.5B | $1.5B | $1.5B | |
| Common Stock | $6.7M | $13.2M | $13.2M | $13.3M | $13.3M | |
| Other Common Equity Adj | $1.5M | -$2.2M | -$48.6M | -$40M | -$41.9M | |
| Common Equity | $82.6M | $162M | $133.4M | $153M | $160.3M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $82.6M | $162M | $133.4M | $153M | $160.3M | |
| Total Liabilities and Equity | $848.4M | $2B | $1.6B | $1.6B | $1.6B | |
| Cash and Short Terms | $182.2M | $660.2M | $578.3M | $449M | $29.1M | |
| Total Debt | $30M | $8.9M | $8M | $75.6M | $28M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $18.9M | $15.8M | $7.4M | $10.2M | $6.2M | |
| Short Term Investments | $277M | $538.5M | $390.8M | $279.3M | -- | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $429.8M | $149.4M | $23.8M | $25.3M | $29.4M | |
| Property Plant And Equipment | $33.2M | $25.8M | $23.4M | $21.5M | $18.4M | |
| Long-Term Investments | $256.8M | $81.3M | $17.2M | $16.7M | $15.6M | |
| Goodwill | $8.9M | $8.1M | $7.8M | $7.8M | -- | |
| Other Intangibles | $8.1M | $7.2M | $5.4M | $4.1M | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $1.9B | $1.7B | $1.6B | $1.6B | $1.6B | |
| Accounts Payable | -- | -- | -- | -- | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | $43M | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $1.1B | $1B | $850.3M | $849.7M | $823.7M | |
| Long-Term Debt | $10.4M | $9.5M | $9.9M | $8.8M | $39.7M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $1.8B | $1.6B | $1.4B | $1.4B | $1.4B | |
| Common Stock | $13.2M | $13.2M | $13.3M | $13.3M | $13.3M | |
| Other Common Equity Adj | -$460K | -$50.4M | -$55.8M | -$34.3M | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $159.9M | $126M | $135.7M | $165.9M | $177.4M | |
| Total Liabilities and Equity | $1.9B | $1.7B | $1.6B | $1.6B | $1.6B | |
| Cash and Short Terms | $550.2M | $630.4M | $408.2M | $298.5M | -- | |
| Total Debt | $10.8M | $9.5M | $9.9M | $8.8M | $39.7M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $8M | $10.1M | $23.4M | $19.3M | $17M | |
| Depreciation & Amoritzation | $2M | $4.4M | $5.1M | $4.8M | $4.3M | |
| Stock-Based Compensation | $264K | $521K | $687K | $727K | $968K | |
| Change in Accounts Receivable | -$946K | -$2.6M | -$828K | $52K | -$1.4M | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $9.3M | $13.1M | $22.7M | $13.9M | $15.3M | |
| Capital Expenditures | $199K | $1.3M | $6.9M | $1.2M | $733K | |
| Cash Acquisitions | -$50K | -- | -- | -- | -- | |
| Cash From Investing | -$129.9M | $262.2M | -$167.2M | -$19.8M | $15.8M | |
| Dividends Paid (Ex Special Dividend) | -$3.2M | $6.4M | $6.4M | $7.1M | $7.1M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | $66.5M | -- | |
| Long-Term Debt Repaid | -- | -$42.6M | -- | -- | -$45.9M | |
| Repurchase of Common Stock | -- | -- | -- | -- | $559K | |
| Other Financing Activities | -- | -- | -- | $460K | -- | |
| Cash From Financing | $136.3M | $198.9M | -$324.2M | -$5.9M | -$42.3M | |
| Beginning Cash (CF) | $19.1M | $34.7M | $508.8M | $40.1M | $28.4M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $15.6M | $474.1M | -$468.7M | -$11.7M | -$11.3M | |
| Ending Cash (CF) | $34.7M | $508.8M | $40.1M | $28.4M | $17.1M | |
| Levered Free Cash Flow | $9.1M | $11.8M | $15.8M | $12.7M | $14.6M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $3.1M | $5.8M | $4.7M | $4.6M | -- | |
| Depreciation & Amoritzation | $1.2M | -- | -- | -- | -- | |
| Stock-Based Compensation | $88K | $226K | $198K | $232K | $242K | |
| Change in Accounts Receivable | $362K | $1.4M | -$292K | $10.6M | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $2.6M | $7.8M | $580K | $15.2M | $6M | |
| Capital Expenditures | $237K | $175K | $369K | $122K | -$67K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | $45.3M | -$74.6M | $4.6M | -$40.8M | $15.7M | |
| Dividends Paid (Ex Special Dividend) | $1.6M | $1.6M | $1.8M | $1.8M | $1.9M | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -$42.6M | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -$19K | -- | -- | |
| Cash From Financing | $63.6M | -$3.8M | -$16.8M | $27.5M | -$37.1M | |
| Beginning Cash (CF) | $314M | $215.7M | $29.9M | $17.3M | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $111.6M | -$70.6M | -$11.5M | $1.9M | -$15.4M | |
| Ending Cash (CF) | $425.5M | $145.1M | $18.4M | $19.2M | -- | |
| Levered Free Cash Flow | $2.4M | $7.6M | $211K | $15.1M | $6M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $7.4M | $21.7M | $23.2M | $15.6M | -- | |
| Depreciation & Amoritzation | $3.6M | $5.5M | $4.5M | $4.3M | -- | |
| Stock-Based Compensation | $459K | $665K | $703K | $867K | $1M | |
| Change in Accounts Receivable | -$1.4M | $456K | -$2.3M | -$240K | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $9.7M | $23.4M | $15.9M | $15.2M | $18.2M | |
| Capital Expenditures | $1.1M | $7.1M | $907K | $851K | $401K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | $237.3M | -$157M | $47.2M | -$28.9M | $13.2M | |
| Dividends Paid (Ex Special Dividend) | $5.6M | $6.4M | $6.9M | $7.1M | $7.4M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | $559K | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | $166.9M | -$146.8M | -$189.8M | $14.6M | -$27.5M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $413.9M | -$280.4M | -$126.7M | $826K | $3.9M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | $8.6M | $16.3M | $15M | $14.3M | $17.8M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $4.8M | $16.4M | $16.1M | $12.4M | $4.5M | |
| Depreciation & Amoritzation | $3.1M | $1.4M | $1.3M | $1.1M | $1.1M | |
| Stock-Based Compensation | $379K | $523K | $539K | $679K | $737K | |
| Change in Accounts Receivable | -$1.6M | $1.5M | $52K | -$240K | -$2.9M | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $7.1M | $17.5M | $10.7M | $12M | $14.8M | |
| Capital Expenditures | $1.1M | $6.9M | $870K | $550K | $218K | |
| Cash Acquisitions | $153.3M | -- | -- | -- | -- | |
| Cash From Investing | $242.3M | -$177M | $37.4M | $28.3M | $25.7M | |
| Dividends Paid (Ex Special Dividend) | -$1.6M | $4.8M | $5.3M | $5.3M | $5.7M | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -$42.6M | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | $559K | -- | |
| Other Financing Activities | -- | -- | $460K | -- | -- | |
| Cash From Financing | $141.5M | -$204.2M | -$69.9M | -$49.4M | -$34.6M | |
| Beginning Cash (CF) | $443.2M | $1.2B | $105.8M | $91.2M | $17.1M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $390.8M | -$363.8M | -$21.7M | -$9.2M | $6M | |
| Ending Cash (CF) | $834M | $841.4M | $84M | $82M | $29.6M | |
| Levered Free Cash Flow | $6M | $10.6M | $9.8M | $11.4M | $14.6M | |
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