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 | $580.5M | $787.7M | $822.6M | $856.1M | $891.9M | |
| Revenue Growth (YoY) | 24.86% | 31.25% | 4.42% | 4.07% | 4.19% | |
| Cost of Revenues | $495.5M | $644.9M | $682.4M | $715M | $740.5M | |
| Gross Profit | $85M | $142.8M | $140.1M | $141.1M | $151.4M | |
| Gross Profit Margin | 14.64% | 18.13% | 17.03% | 16.48% | 16.97% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $65.8M | $80.8M | $83.3M | $89.1M | $89.7M | |
| Other Inc / (Exp) | $31.3M | $45.9M | $38.4M | $41.1M | $44.5M | |
| Operating Expenses | $109.7M | $80.8M | $83.3M | $89.1M | $89.7M | |
| Operating Income | -$24.7M | $62M | $56.8M | $52M | $61.6M | |
| Net Interest Expenses | $19.7M | $25.6M | $28.2M | $34.5M | $34.5M | |
| EBT. Incl. Unusual Items | $29.3M | $46.5M | $26.7M | $13.8M | $22.3M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $9.1M | $9.8M | $6.4M | $3.8M | $6.2M | |
| Net Income to Company | -- | $36.7M | $20.3M | $10M | $16M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $20.1M | $36.7M | $20.3M | $10M | $16M | |
| Basic EPS (Cont. Ops) | $0.16 | $0.29 | $0.16 | $0.08 | $0.13 | |
| Diluted EPS (Cont. Ops) | $0.16 | $0.29 | $0.16 | $0.08 | $0.13 | |
| Weighted Average Basic Share | $124.8M | $124.8M | $124.8M | $124.8M | $124.8M | |
| Weighted Average Diluted Share | $124.8M | $124.8M | $124.8M | $124.8M | $124.8M | |
| EBITDA | $77.7M | $122.2M | $117.2M | $113M | $124.2M | |
| EBIT | $33.5M | $62M | $56.8M | $52M | $61.6M | |
| Revenue (Reported) | $580.5M | $787.7M | $822.6M | $856.1M | $891.9M | |
| Operating Income (Reported) | -$24.7M | $62M | $56.8M | $52M | $61.6M | |
| Operating Income (Adjusted) | $33.5M | $62M | $56.8M | $52M | $61.6M | |
| Period Ending | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -- | -- | -- | -- | |
| Operating Income | -- | -- | -- | -- | -- | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -- | -- | -- | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -- | -- | -$1.4B | -$1.4B | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | -- | -- | -- | |
| Basic EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Diluted EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Weighted Average Basic Share | -- | -- | -- | -- | -- | |
| Weighted Average Diluted Share | -- | -- | -- | -- | -- | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | -- | -- | -- | -- | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Adjusted) | -- | -- | -- | -- | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $735.3M | $789.5M | $836.9M | $877.2M | $882.1M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $615M | $654.8M | $702.8M | $725.5M | $735.7M | |
| Gross Profit | $120.4M | $134.6M | $134.1M | $151.7M | $146.4M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $78.7M | $80.6M | $85.7M | $90.6M | $88.6M | |
| Other Inc / (Exp) | $28M | $46.6M | $38.9M | $42.5M | -- | |
| Operating Expenses | $99.4M | $80.6M | $85.7M | $90.6M | $88.6M | |
| Operating Income | $20.9M | $54M | $48.4M | $61.1M | $57.8M | |
| Net Interest Expenses | $23.6M | $26.1M | $32M | $34.9M | $33.2M | |
| EBT. Incl. Unusual Items | $51.6M | $28.8M | $15M | $21.7M | $21.8M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $13.6M | $6.6M | $3.5M | $5.5M | $6.5M | |
| Net Income to Company | -- | $22.2M | $11.6M | $16.2M | $15.2M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $38M | $22.2M | $11.6M | $16.2M | $15.3M | |
| Basic EPS (Cont. Ops) | $0.31 | $0.18 | $0.09 | $0.13 | $0.12 | |
| Diluted EPS (Cont. Ops) | $0.31 | $0.18 | $0.09 | $0.13 | $0.12 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | $86.9M | $115.5M | $108.8M | $122.7M | $119.7M | |
| EBIT | $58.9M | $54M | $48.4M | $61.1M | $57.8M | |
| Revenue (Reported) | $735.3M | $789.5M | $836.9M | $877.2M | $882.1M | |
| Operating Income (Reported) | $20.9M | $54M | $48.4M | $61.1M | $57.8M | |
| Operating Income (Adjusted) | $58.9M | $54M | $48.4M | $61.1M | $57.8M | |
| Period Ending | 2021-12-11 | 2022-12-11 | 2023-12-11 | 2024-12-11 | ||
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -- | -- | -- | -- | |
| Operating Income | -- | -- | -- | -- | -- | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -- | -- | -- | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | -- | -- | -- | |
| Basic EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Diluted EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Weighted Average Basic Share | -- | -- | -- | -- | -- | |
| Weighted Average Diluted Share | -- | -- | -- | -- | -- | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | -- | -- | -- | -- | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Adjusted) | -- | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $25.7M | $30.9M | $18.9M | $20M | $17.3M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $2.7M | $2.5M | $3.8M | $7.7M | $6.5M | |
| Inventory | $12M | $15.2M | $15.9M | $12.5M | $10.7M | |
| Prepaid Expenses | $4.4M | $4.1M | $3.9M | $5.2M | $5.8M | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $52.7M | $60.2M | $50.7M | $50.5M | $45.7M | |
| Property Plant And Equipment | $531.9M | $584.2M | $590.8M | $596.3M | $546.1M | |
| Long-Term Investments | -- | $1.2M | $608.4K | $555.9K | $1.7M | |
| Goodwill | $179.3M | $186.6M | $181.2M | $181.2M | $174.9M | |
| Other Intangibles | $53M | $51.2M | $46.2M | $39.6M | $33M | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $846.3M | $910.5M | $896.4M | $902.8M | $835.6M | |
| Accounts Payable | $29.8M | $31.1M | $34.2M | $35M | $33.1M | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | $5.8M | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $17.2M | $17.5M | $18.8M | $20.2M | $19.4M | |
| Other Current Liabilities | $1.4M | -- | -- | -- | -- | |
| Total Current Liabilities | $104.1M | $98.8M | $96.6M | $105.3M | $99.8M | |
| Long-Term Debt | $164.7M | $609.3M | $610.7M | $609.9M | $556.2M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $680M | $712.1M | $710.9M | $718.9M | $659.5M | |
| Common Stock | $111.5M | $105.8M | $97.8M | $97.9M | $86.6M | |
| Other Common Equity Adj | -$1.7M | -$595.4K | -- | -- | -- | |
| Common Equity | $166.3M | $198.4M | $185.4M | $183.9M | $176.1M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $166.3M | $198.4M | $185.4M | $183.9M | $176.1M | |
| Total Liabilities and Equity | $846.3M | $910.5M | $896.4M | $902.8M | $835.6M | |
| Cash and Short Terms | $25.7M | $30.9M | $18.9M | $20M | $17.3M | |
| Total Debt | $170.6M | $626.8M | $629.4M | $630.1M | $575.5M | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $19M | $20.6M | $10.4M | $13.4M | -- | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $6.9M | $11M | $11.7M | $14.6M | -- | |
| Inventory | $11.7M | $12.6M | $11.5M | $11M | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | -- | $2M | -- | |
| Total Current Assets | $42.9M | $50M | $39.7M | $42.7M | -- | |
| Property Plant And Equipment | $545.6M | $192M | $581.1M | $581.1M | -- | |
| Long-Term Investments | $742.1K | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | $241.6M | $230.6M | $220.9M | $215.8M | -- | |
| Other Long-Term Assets | -- | $388.3M | -- | $509.5K | -- | |
| Total Assets | $857.3M | $888.2M | $871.2M | $877.8M | -- | |
| Accounts Payable | $67.8M | $74.6M | $72M | $77.8M | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | $17.5M | $140.1M | $18.6M | $20.2M | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | $1.6M | $1.1M | $1.3M | $1.1M | -- | |
| Total Current Liabilities | $90.6M | $217.5M | $93M | $101.5M | -- | |
| Long-Term Debt | $573.7M | $492.1M | $603.4M | $584M | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $668.6M | $712.9M | $700.3M | $689.1M | -- | |
| Common Stock | $108M | $96.2M | $93.7M | $94.1M | -- | |
| Other Common Equity Adj | -$3.3M | $8.8M | $9.3M | $10.3M | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $188.7M | $175.3M | $170.9M | $188.7M | -- | |
| Total Liabilities and Equity | $857.3M | $888.2M | $871.2M | $877.8M | -- | |
| Cash and Short Terms | $19M | $20.6M | $10.4M | $13.4M | -- | |
| Total Debt | $591.2M | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | $36.7M | $20.3M | $10M | $16M | |
| Depreciation & Amoritzation | -- | $60.2M | $60.4M | $61M | $62.6M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | $773.3K | $801.5K | -$4.4M | -$861.2K | |
| Change in Inventories | -- | -$3.9M | -$1.7M | $3.3M | $627.8K | |
| Cash From Operations | -- | $89.3M | $77M | $78.4M | $80.2M | |
| Capital Expenditures | $39.4M | $60.4M | $58.3M | $52.9M | $34.8M | |
| Cash Acquisitions | -$79.4M | $19.8M | $688.7K | -- | -- | |
| Cash From Investing | -$115.8M | -$77.4M | -$58M | -$52M | -$32.3M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | $25.3M | $12.2M | $13.6M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $462M | $261.5M | $335.4M | $272.7M | $109.8M | |
| Long-Term Debt Repaid | -$400.3M | -$251.3M | -$321.8M | -$268M | -$126.4M | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$13.8M | -$17.3M | -$17.2M | -$18.1M | -$19.3M | |
| Cash From Financing | $47.9M | -$7.1M | -$28.8M | -$25.6M | -$49.5M | |
| Beginning Cash (CF) | $22.8M | $30.9M | $18.9M | $20M | $17.3M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $4.9M | $5.8M | -$9.7M | $1.1M | -$453.6K | |
| Ending Cash (CF) | $23.2M | $37.8M | $9.3M | $21.3M | $18M | |
| Levered Free Cash Flow | -- | $28.9M | $18.7M | $25.5M | $45.4M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | $481.2M | $446.4M | -- | -- | |
| Depreciation & Amoritzation | -- | $19.3M | $19.5M | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$224.4M | $1.5B | -- | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$69.6M | -$940.2M | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -$335.5M | -$372.4M | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | $284.4M | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -$285M | $5.1M | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -$340.9M | -$371.9M | -- | -- | |
| Beginning Cash (CF) | -- | $3.6B | $2B | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | $85.7M | -$4.1M | -- | -- | |
| Additions / Reductions | -- | -$634.9M | $175.4M | -- | -- | |
| Ending Cash (CF) | -- | $3B | $2.1B | -- | -- | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | $22.2M | $11.6M | $16.2M | $15.2M | |
| Depreciation & Amoritzation | -- | $61.4M | $60.5M | $61.6M | $61.5M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -$3.8M | $391K | -$1.8M | -$644.6K | |
| Change in Inventories | -- | -$2.3M | $945.4K | $511.4K | -$67.8K | |
| Cash From Operations | -- | $76.7M | $75.5M | $84.2M | $78.3M | |
| Capital Expenditures | $46.4M | $60.3M | $57.3M | $51M | $25.3M | |
| Cash Acquisitions | -$18.1M | $2.6M | $40.1K | -- | -- | |
| Cash From Investing | -$143.4M | -$61.9M | -$55.8M | -$50.7M | -$20.2M | |
| Dividends Paid (Ex Special Dividend) | -- | $26.4M | $12.4M | -- | $13.5M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $366.8M | $166.1M | $377.6M | $244.7M | -- | |
| Long-Term Debt Repaid | -$311.6M | -$134.3M | -$377.4M | -$256.6M | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$16.3M | -$17.3M | -$17.1M | -$18.8M | -- | |
| Cash From Financing | $38.8M | -$11.8M | -$29.4M | -$30.7M | -$53.1M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$23M | $4.6M | -$9.9M | $2.9M | $4.9M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | $16.4M | $18.2M | $33.2M | $53.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | $1.4B | $1.4B | -- | -- | |
| Depreciation & Amoritzation | -- | $61.6M | $60.3M | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | $1.2B | $202.9M | -- | -- | |
| Capital Expenditures | -- | $18.1M | $9.8M | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$861.9M | -$1.4B | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -$681.1M | -$588M | -- | -- | |
| Special Dividend Paid | -- | $39K | $17.8K | -- | -- | |
| Long-Term Debt Issued | -- | $1.2B | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -$1.2B | -$218.1M | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -$698.1M | -$820.2M | -- | -- | |
| Beginning Cash (CF) | -- | $11.3B | $10B | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | $184.9M | $84.3M | -- | -- | |
| Additions / Reductions | -- | -$314.3M | -$2.1B | -- | -- | |
| Ending Cash (CF) | -- | $11B | $7.8B | -- | -- | |
| Levered Free Cash Flow | -- | $588.5M | -$1.2B | -- | -- | |
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