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 | $1.9B | $3.5B | $545.5M | $1.8B | $1.9B | |
| Revenue Growth (YoY) | -- | 89.79% | -84.54% | 232.13% | 6.94% | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -$290.7M | -$331.2M | -$849.5M | -$294.5M | -$273.8M | |
| Operating Income | $290.7M | $331.2M | $849.5M | $294.5M | $273.8M | |
| Net Interest Expenses | $14.1M | $16.3M | $10.1M | $12.5M | $17.3M | |
| EBT. Incl. Unusual Items | $175.4M | $291.4M | $716M | $229.4M | $221.2M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $42.1M | $60M | $146M | $53.9M | $41.1M | |
| Net Income to Company | -- | -- | $718.6M | $227.8M | $219.6M | |
| Minority Interest in Earnings | -- | $118.2K | -$210.2K | -$216.2K | -- | |
| Net Income to Common Excl Extra Items | $133.4M | $232M | $570.2M | $173.5M | $178.4M | |
| Basic EPS (Cont. Ops) | $0.27 | $0.46 | $1.14 | $0.35 | $0.36 | |
| Diluted EPS (Cont. Ops) | $0.27 | $0.46 | $1.14 | $0.35 | $0.36 | |
| Weighted Average Basic Share | $501.8M | $501.8M | $501.8M | $501.8M | $502.1M | |
| Weighted Average Diluted Share | $501.8M | $501.8M | $501.8M | $501.8M | $502.1M | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | $175.4M | $291.4M | $716M | $229.4M | $221.2M | |
| Revenue (Reported) | $1.9B | $3.5B | $545.5M | $1.8B | $1.9B | |
| Operating Income (Reported) | $290.7M | $331.2M | $849.5M | $294.5M | $273.8M | |
| Operating Income (Adjusted) | $175.4M | $291.4M | $716M | $229.4M | $221.2M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $231.1M | $204.2M | $453.9M | $554.9M | |
| Revenue Growth (YoY) | -- | -- | -11.66% | 122.31% | 22.26% | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -$161M | -$102.4M | -$63.8M | -$73.6M | |
| Operating Income | -- | $161M | $102.4M | $63.8M | $73.6M | |
| Net Interest Expenses | -- | $2.4M | $3.5M | $5.6M | $6.8M | |
| EBT. Incl. Unusual Items | -- | $159.7M | $91.9M | $50.2M | $65M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $31.7M | $17.2M | $9.6M | $10.5M | |
| Net Income to Company | -- | -- | $91.2M | $52.4M | -- | |
| Minority Interest in Earnings | -- | -- | -$108.8K | $109.9K | -- | |
| Net Income to Common Excl Extra Items | -- | $128M | $74.2M | $40.1M | $54.7M | |
| Basic EPS (Cont. Ops) | -- | $0.26 | $0.15 | $0.08 | $0.11 | |
| Diluted EPS (Cont. Ops) | -- | $0.26 | $0.15 | $0.08 | $0.11 | |
| Weighted Average Basic Share | -- | $501.8M | $501.8M | $502.7M | $502.7M | |
| Weighted Average Diluted Share | -- | $501.8M | $501.8M | $502.7M | $502.7M | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | $159.7M | $91.9M | $50.2M | $65M | |
| Revenue (Reported) | -- | $231.1M | $204.2M | $453.9M | $554.9M | |
| Operating Income (Reported) | -- | $161M | $102.4M | $63.8M | $73.6M | |
| Operating Income (Adjusted) | -- | $159.7M | $91.9M | $50.2M | $65M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | $1.3B | $2.2B | $1.6B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | $6.6M | $8.6M | -- | |
| Operating Expenses | -- | -- | -$272.5M | -$280.9M | -$265.8M | |
| Operating Income | -- | -- | $272.5M | $280.9M | $265.8M | |
| Net Interest Expenses | -- | $2.4M | $12.9M | $13.3M | $25.3M | |
| EBT. Incl. Unusual Items | -- | $159.7M | $187.1M | $234.2M | $207M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | $40.7M | $57.1M | $31.5M | |
| Net Income to Company | -- | -- | -- | $233.7M | -- | |
| Minority Interest in Earnings | -- | -- | -$324.9K | $1.3K | -- | |
| Net Income to Common Excl Extra Items | -- | -- | $145.6M | $174.7M | $175M | |
| Basic EPS (Cont. Ops) | -- | -- | $0.29 | $0.35 | $0.35 | |
| Diluted EPS (Cont. Ops) | -- | $0.26 | $0.29 | $0.35 | $0.35 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | -- | $187.1M | $234.2M | $207M | |
| Revenue (Reported) | -- | -- | $1.3B | $2.2B | $1.6B | |
| Operating Income (Reported) | -- | -- | $272.5M | $280.9M | $265.8M | |
| Operating Income (Adjusted) | -- | -- | $187.1M | $234.2M | $207M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $231.1M | $1.1B | $1.5B | $1.1B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | $6.6M | $8.6M | $5.2M | |
| Operating Expenses | -- | -$161M | -$225.4M | -$217.5M | -$209.9M | |
| Operating Income | -- | $161M | $225.4M | $217.5M | $209.9M | |
| Net Interest Expenses | -- | $2.4M | $10.5M | $11.2M | $19.3M | |
| EBT. Incl. Unusual Items | -- | $159.7M | $179M | $183.6M | $169.2M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $31.7M | $35.7M | $38.7M | $29.2M | |
| Net Income to Company | -- | -- | $178.7M | $184.5M | $65.2M | |
| Minority Interest in Earnings | -- | -- | -$324.9K | $1.4K | -- | |
| Net Income to Common Excl Extra Items | -- | $128M | $142.5M | $143.3M | $139.9M | |
| Basic EPS (Cont. Ops) | -- | $0.26 | $0.28 | $0.29 | $0.28 | |
| Diluted EPS (Cont. Ops) | -- | $0.26 | $0.28 | $0.29 | $0.28 | |
| Weighted Average Basic Share | -- | $501.8M | $1.5B | $1.5B | $1.5B | |
| Weighted Average Diluted Share | -- | $501.8M | $1.5B | $1.5B | $1.5B | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | $159.7M | $179M | $183.6M | $169.2M | |
| Revenue (Reported) | -- | $231.1M | $1.1B | $1.5B | $1.1B | |
| Operating Income (Reported) | -- | $161M | $225.4M | $217.5M | $209.9M | |
| Operating Income (Adjusted) | -- | $159.7M | $179M | $183.6M | $169.2M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $835M | $1B | $773.3M | $815.7M | $922M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | $3.1M | $1.8M | $3M | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | $24.5M | $24.9M | $22.1M | $23M | $22.7M | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $943.4M | $1.4B | $919.8M | $954.3M | $1B | |
| Property Plant And Equipment | $36.2M | $31.4M | $27.3M | $30.3M | $26M | |
| Long-Term Investments | $5.9B | $5B | $4.8B | $4.5B | $4B | |
| Goodwill | -- | -- | $44.2M | $45.5M | $42.9M | |
| Other Intangibles | -- | $61.5M | $14.9M | $14.3M | $13.4M | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $17.9B | $18.7B | $15.8B | $18.1B | $18.7B | |
| Accounts Payable | -- | -- | $6.5M | $4.3M | $5.4M | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $4.3B | $3.9B | $151.3M | $163.2M | $117.1M | |
| Long-Term Debt | $427.3M | $393.1M | $375.9M | $390.4M | $660.2M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $15.9B | $16.8B | $14B | $16.3B | $17B | |
| Common Stock | $49.4M | $5.7M | $5.3M | $110.5K | $103.6K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | $1.9B | $2B | $1.8B | $1.8B | $1.7B | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -$106.7K | -$331.4K | $207.1K | |
| Total Equity | $1.9B | $2B | $1.8B | $1.8B | $1.7B | |
| Total Liabilities and Equity | $17.9B | $18.7B | $15.8B | $18.1B | $18.7B | |
| Cash and Short Terms | -- | $1B | $777.1M | $816.2M | $926.5M | |
| Total Debt | $427.3M | $393.1M | $375.9M | $390.4M | $663.4M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | -- | $674M | $1.3B | $742.7M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | -- | -- | $685.1M | $1.3B | $742.7M | |
| Property Plant And Equipment | -- | -- | $25.5M | $28.1M | $26.8M | |
| Long-Term Investments | -- | -- | $3M | $1.1M | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | $60.2M | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | -- | -- | $16.5B | $20B | $21.7B | |
| Accounts Payable | -- | -- | -- | -- | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | -- | -- | -- | -- | -- | |
| Long-Term Debt | -- | -- | $287.7M | $958M | $698.2M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | -- | $14.7B | $18.3B | $20.1B | |
| Common Stock | -- | -- | $5.3M | $111.6K | $117.5K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -$317.6K | $223.2K | $235K | |
| Total Equity | -- | -- | $1.8B | $1.7B | $1.6B | |
| Total Liabilities and Equity | -- | -- | $16.5B | $20B | $21.7B | |
| Cash and Short Terms | -- | -- | -- | $1.3B | -- | |
| Total Debt | -- | -- | $287.7M | $958M | $698.2M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | $718.6M | $227.8M | $219.6M | |
| Depreciation & Amoritzation | $8.5M | $5.6M | $9M | $5.2M | $5M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$322.8M | $470.3M | -$16.5M | $302.9M | $78M | |
| Capital Expenditures | $1.6M | -- | $4.4M | $5.9M | $2.5M | |
| Cash Acquisitions | -- | -- | $7.5M | -- | -- | |
| Cash From Investing | -$1.6M | -$14.5M | -$11.9M | $15.4M | -$5.2M | |
| Dividends Paid (Ex Special Dividend) | -- | $236.4M | $157.6M | $162.2M | $179.1M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | $539.6M | |
| Long-Term Debt Repaid | -- | -- | -- | -$108.3M | -$270.4M | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -$15.8M | -$31.4M | $757.7K | |
| Cash From Financing | $17M | -$177.2M | -$175M | -$303.4M | $91.5M | |
| Beginning Cash (CF) | $835M | $1B | $773.3M | $815.7M | $922M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$307.5M | $278.6M | -$203.4M | $14.9M | $164.3M | |
| Ending Cash (CF) | $527.5M | $1.3B | $570M | $830.6M | $1.1B | |
| Levered Free Cash Flow | -$324.4M | $470.3M | -$20.9M | $297M | $75.5M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | $91.2M | $52.4M | -- | |
| Depreciation & Amoritzation | -- | -- | -$326.4K | $1.3M | $1.5M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -$128.1M | $36.6M | $8.4M | |
| Capital Expenditures | -- | -- | -$217.6K | $549.3K | $632.2K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | $543.9K | -$2M | -$505.6K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | $11.4M | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | $702.1K | -$292.7M | -- | |
| Cash From Financing | -- | -- | -$109.2M | $331.1M | -$12.6M | |
| Beginning Cash (CF) | -- | -- | $674M | $1.3B | $742.7M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -$236.8M | $365.8M | -$4.8M | |
| Ending Cash (CF) | -- | -- | $437.2M | $1.6B | $738M | |
| Levered Free Cash Flow | -- | -- | -$127.9M | $36M | $7.7M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | $233.7M | -- | |
| Depreciation & Amoritzation | -- | -- | $6.5M | $5M | $5.4M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | $298.2M | $389.1M | -$101.2M | |
| Capital Expenditures | -- | -- | $2.9M | $7.1M | $3.5M | |
| Cash Acquisitions | -- | -- | $1M | -- | -- | |
| Cash From Investing | -- | -- | $17.6M | -$9.8M | $938K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | $162.9M | $178.3M | $382.3M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | -$304.7M | $151.2M | -$460.9M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | $11.1M | $530.6M | -$561.2M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | $295.3M | $382M | -$104.6M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | $178.7M | $184.5M | $65.2M | |
| Depreciation & Amoritzation | -- | -- | $3.9M | $3.7M | $4.2M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | $184.2M | $273.4M | $99.2M | |
| Capital Expenditures | -- | -- | -$3K | $1.2M | $2.2M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | $21.4M | -$3.9M | $2.1M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | $160.9M | $178.3M | $387.6M | |
| Special Dividend Paid | -- | -- | -- | -- | $366.2K | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -$31.6M | -$292.7M | -- | |
| Cash From Financing | -- | -- | -$302.1M | $151.6M | -$403.1M | |
| Beginning Cash (CF) | -- | -- | $674M | $3B | $2.4B | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -$96.5M | $421.2M | -$301.8M | |
| Ending Cash (CF) | -- | -- | $437.2M | $3.4B | $2.1B | |
| Levered Free Cash Flow | -- | -- | $184.2M | $272.2M | $97M | |
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