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← CockpitCompetitor Analysis › JBLU JetBlue Airways CorporationOpen in the cockpit ↗

JetBlue Airways CorporationJBLUCompetitor analysis, valuation and peers

United States · USD·Industrials›Airlines

US low-cost/hybrid airline offering domestic and international flights with an emphasis on customer amenities.

Momentum laggard 16
Mkt cap
$1.38B
US dollars, full cap
Free float
86%
of shares outstanding
$/day
$107M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-11.5 pp
WACC 6.6%
Hurdle
n/a
no reverse DCF
Official | Implied
B+ / —
agencies · bond market
Next earnings
83 days
28 Jan 2027
Close · USD$3.67
1D+5.2%
1W+28.8%
1M-6.4%
3M-34.9%
6M-28.2%
YTD-19.3%
1Y-14.4%
ATR %7.8%
Beta2.24
52w lowhigh44.6% off high

What JetBlue Airways does

US low-cost/hybrid airline offering domestic and international flights with an emphasis on customer amenities.

Earns from ticket sales, extras like seat upgrades and bags, and fees from its co-branded credit card and loyalty program, with premium cabins on New York and Boston transcontinental routes aimed at higher fares. A court blocked its planned purchase of Spirit Airlines in 2024, and it has since reworked its network around its strongest cities.

Products and services

  • Domestic US flights
  • Caribbean/Latin America & transatlantic flights
  • TrueBlue loyalty program

Customers

  • Leisure and business travelers, concentrated in No

Where it sits in the supply chain

  • Industrials
  • Airlines
  • Low-cost/hybrid domestic…

What could go right

  • Northeast Alliance-style partnerships
  • Premium cabin/loyalty monetization

What could go wrong

  • Persistent profitability challenges
  • Fuel and labor cost inflation

Moat: narrow (brand, installed base). Strong Northeast US and leisure-route positions, though margins trail larger network carriers.

Headquarters: Long Island City, New York, US · Founded: 1998

Named competitors

JetBlue Airways at a glance

Size JetBlue Airways (JBLU) is a United States Industrials company (Airlines) with a market value of $1.38B, the 2047th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.67 on 6 Nov 2026.

Performance Over six months the shares fell 28.2%, against +8.0% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 9.9% over the last twelve months (peer median +10.1%); the operating margin is -5.8% (peer median 7.2%).

Valuation It trades at 0.9× enterprise value to sales against a peer median of 1.1× (6th cheapest of 21).

Capital Return on invested capital runs 11.5 points below its cost of capital (6.6% WACC).

Credit JetBlue Airways has 5 bonds outstanding ($460M), rated B+ by the agencies.

Short interest Short interest is 28.4% of the free float (15 Oct 2026).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026Peer median 107JBLU 74
Six months, rebased to 100: JetBlue Airways against the median of its 20 peers (local-currency closes).

JetBlue Airways financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$9.99B$9.06B$9.28B$9.62B$9.16B
Revenue growth—-2%-3%+5%—
Gross profit$1.26B$1.34B$1.65B$1.77B$1.48B
EBITDA$149M$350M$572M$581M$407M
Net income-$1.00B-$602M-$795M-$310M-$362M
Free cash flow-$1.19B-$1.22B-$1.48B-$806M-$544M
Capital expenditure$969M$1.12B$1.62B$1.21B$923M
Total debt$9.35B$9.42B$9.14B$5.38B$4.38B

Quarterly statements and history in the cockpit →

JetBlue Airways competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-20%0%+20%000099002928NASWIZZVGN020560FIA1SULCC2646603713RJETAZULVLRSAEROALGT6757SKYW603885CHR2610JBLU6-month return →1-month return →
Up and to the right = strong over both horizons. JetBlue Airways is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%1×2×3×000099002928NASWIZZVGN020560FIA1SULCC2646603713RJETAZULVLRSAEROALGTSKYW603885CHR2610JBLURevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. JetBlue Airways is the large dot.

JetBlue Airways competitors and peer comparison

Head to head with its named competitors (JBLU vs LUV vs DAL)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
JetBlue Airways JBLU$1.38B-28%+10%-6%0.9×n/a
Southwest Airlines LUV$21.8B+8%+14%5%0.8×n/a
Delta Air Lines DAL$57.4B+19%+14%7%1.0×9.9%

How JetBlue Airways compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

JetBlue Airways against its 20 peers (data as of 6 Nov 2026)
MeasureJBLUPeer medianRank in peer set
1-month return-6.4%+6.4%3rd lowest of 21
6-month return-28.2%+8.0%2nd lowest of 21
Distance from 52-week high-44.6%-25.7%3rd lowest of 21
Revenue growth (TTM)+9.9%+10.1%11th highest of 21
Operating margin-5.8%7.2%4th lowest of 21
EV / Sales0.9×1.1×6th cheapest of 21
ROIC minus cost of capital-11.5 pp-0.0 pp4th lowest of 21
Net debt / EBITDA52.5×2.2×most indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
JetBlue Airways JBLUUnited States$1.38B-28%+10%-6%0.9×n/an/a
CITIC Offshore Helicopter 000099.SZChina$1.41B-31%-9%12%4.1×1.8%+7.5%
China Express Airlines 002928.SZChina$1.34B-12%+4%-17%3.4×n/an/a
Norwegian Air Shuttle NAS.OLNorway$1.47B-11%+3%6%0.5×-16.5%+35.8%
Wizz Air WIZZ.LUnited Kingdom$1.48B+8%+11%-2%1.1×3.4%+49.5%
Virgin Australia VGN.AXAustralia$1.48B+18%+9%11%0.5×-13.4%+4.9%
Asiana Airlines 020560.KSSouth Korea$1.21B+13%-17%-12%1.1×n/an/a
Finnair FIA1S.HEFinland$1.14B+38%+11%4%0.4×-9.6%+30.2%
Frontier ULCCUnited States$1.71B+40%+24%-15%1.2×31.6%+24.4%
Starlux Airlines 2646.TWTaiwan$1.76B-6%+23%1%2.1×n/an/a
Milkyway Intelligent Supply Chain Service 603713.SSChina$1.90B+29%+15%8%1.2×n/an/a
Republic Airways RJETUnited States$942M-12%+438%11%0.8×2.8%+25.2%
Azul S.A. Sponsored ADR AZULUnited States$915M+86%+12%14%1.2×n/an/a
Controladora Vuela Compania de Aviacion SAB de CV Sponsored ADR VLRSUnited States$850M+3%+19%-5%1.1×-13.7%+23.8%
Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR AEROUnited States$2.32B+1%+10%11%0.9×-6.6%+32.3%
Allegiant Travel ALGTUnited States$2.51B+11%+12%9%1.6×n/an/a
Tigerair Taiwan 6757.TWTaiwan$753M+8%+13%19%1.1×-20.2%+55.1%
SkyWest SKYWUnited States$3.02B-10%+7%14%1.1×2.2%+13.8%
Juneyao Airlines 603885.SSChina$3.42B-8%+8%1%2.5×0.4%+17.4%
Chorus Aviation CHR.TOCanada$505M+30%-4%7%0.8×2.2%+6.8%
China Airlines 2610.TWTaiwan$3.94B+17%+8%8%0.9×n/an/a

JetBlue Airways bonds and credit

JetBlue Airways has 5 bonds outstanding with $460M face value. The agencies rate it B+.

Every bond, yield and spread in the cockpit →

Questions

Who are JetBlue Airways's main competitors?
Named competitors: Southwest Airlines (LUV), Spirit Airlines (private or unlisted), Delta Air Lines (DAL). The cockpit's measured peer set (industry) also includes CITIC Offshore Helicopter (000099.SZ), China Express Airlines (002928.SZ), Norwegian Air Shuttle (NAS.OL), Wizz Air (WIZZ.L), Virgin Australia (VGN.AX), Asiana Airlines (020560.KS).
Is JetBlue Airways expensive compared with its peers?
On ev / sales it trades at 0.9× against a peer median of 1.1×, 6th cheapest of 21 in its peer set.
How has JetBlue Airways stock performed?
Over six months to 6 Nov 2026 the shares returned -28.2% against +8.0% for the median peer; over one year -14.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.