JETBLUE AIRWAYS CORP
JBLU · Air Transportation, Scheduled · 372.0M shares · +3%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $496M (gross $535M, SBC $39M)
Reference price $5.40 · est. market cap ~$2.0B — last insider sale, 2026-05-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Airline posting another sizable net loss with negative margins and returns despite an adequate cash position.
Strengths
- $2.37B cash (75th pct) and a clear strategic plan (JetForward) with narrowing operating loss vs. 2024
- Growing premium/loyalty revenue (other revenue +9.6%) and lower fuel costs aiding the cost line
Risks
- Net loss $602M; net margin -6.6% (9th pct), operating margin -4.1% (18th), ROE -28% and ROA -3.6% (both 15th pct)
- Revenue -2.3%, rising interest expense (+61%), maintenance cost inflation, and intense low-cost competition
Notable findings
- Net lossNet loss (net margin -6.6%)
- Weak liquidityCurrent ratio 0.74 (<1)
- Strong balance sheetStrong balance sheet — $2.4B cash & investments
- Insider sellingInsider selling — 7 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$443,357, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-4.1%
Net margin
-6.6%
Return on equity
-28.4%
Return on assets
-3.6%
Revenue growth (QoQ)
-0.2%
Current ratio
0.7×
EBITDA
$320M
Tangible book value
$1.7B
Cash & investments
$2.4B
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-29 | Geraghty Joanna | Tax withheld | 136K | $5.38 |
| 2026-05-29 | Geraghty Joanna | Option exercise | 246K | — |
| 2026-05-28 | Sharma Vivek | Sell | 585 | $5.42 |
| 2026-05-28 | Sharma Vivek | Sell | 5.0K | $5.40 |
| 2026-05-28 | Sharma Vivek | Sell | 26K | $5.41 |
| 2026-05-04 | Southerton Dawn | Sell | 18K | $5.00 |
| 2026-05-01 | Christie Warren | Sell | 2.7K | $4.65 |
| 2026-05-01 | Winkelmann Thomas | Sell | 22K | $4.70 |
| 2026-05-01 | Winkelmann Thomas | Sell | 13K | $4.71 |
| 2026-04-30 | St George Martin J | Grant | 2.1K | $4.11 |
| 2026-04-30 | Christie Warren | Grant | 2.7K | $4.11 |
| 2026-04-30 | McCarthy Eileen P | Grant | 411 | $4.11 |
| 2026-04-30 | Hurley Ursula L | Grant | 2.5K | $4.11 |
| 2026-04-22 | St George Martin J | Tax withheld | 24K | $5.46 |
| 2026-04-22 | St George Martin J | Option exercise | 47K | — |
| 2026-04-10 | Geraghty Joanna | Tax withheld | 34K | $4.93 |
| 2026-04-10 | Hurley Ursula L | Option exercise | 47K | — |
| 2026-04-10 | Clements Carol Ann | Option exercise | 35K | — |
| 2026-04-10 | Clements Carol Ann | Tax withheld | 20K | $4.93 |
| 2026-04-10 | Clements Carol Ann | Option exercise | 25K | — |
| 2026-04-10 | Clements Carol Ann | Tax withheld | 14K | $4.93 |
| 2026-04-10 | Hurley Ursula L | Option exercise | 61K | — |
| 2026-04-10 | Hurley Ursula L | Tax withheld | 31K | $4.93 |
| 2026-04-10 | Hurley Ursula L | Tax withheld | 24K | $4.93 |
| 2026-04-10 | Christie Warren | Option exercise | 18K | — |
| 2026-04-10 | Christie Warren | Tax withheld | 7.4K | $4.93 |
| 2026-04-10 | Christie Warren | Option exercise | 15K | — |
| 2026-04-10 | Christie Warren | Tax withheld | 6.4K | $4.93 |
| 2026-04-10 | Geraghty Joanna | Option exercise | 71K | — |
| 2026-04-10 | Geraghty Joanna | Tax withheld | 39K | $4.93 |
| 2026-04-10 | Geraghty Joanna | Option exercise | 62K | — |
| 2026-03-10 | LYNN JESSE | Option exercise | 22K | — |
| 2026-03-10 | LEDUC ROBERT F | Option exercise | 22K | — |
| 2026-03-10 | Geraghty Joanna | Option exercise | 89K | — |
| 2026-03-10 | Geraghty Joanna | Tax withheld | 49K | $4.52 |
| 2026-03-10 | Jewett Ellen | Option exercise | 22K | — |
| 2026-03-10 | McClure Teri P | Option exercise | 22K | — |
| 2026-03-10 | Southerton Dawn | Option exercise | 10K | — |
| 2026-03-10 | Southerton Dawn | Tax withheld | 3.7K | $4.52 |
| 2026-03-10 | Robb O'Hagan Sarah | Option exercise | 22K | — |
| 2026-03-10 | FORD MONTE E | Option exercise | 22K | — |
| 2026-03-10 | Clements Carol Ann | Option exercise | 37K | — |
| 2026-03-10 | Clements Carol Ann | Tax withheld | 15K | $4.52 |
| 2026-03-10 | Christie Warren | Option exercise | 47K | — |
| 2026-03-10 | Christie Warren | Tax withheld | 12K | $4.52 |
| 2026-03-10 | Hurley Ursula L | Option exercise | 63K | — |
| 2026-03-10 | Hurley Ursula L | Tax withheld | 32K | $4.52 |
| 2026-03-10 | Miller Steven D | Option exercise | 22K | — |
| 2026-03-10 | Mittal Nik | Option exercise | 22K | — |
| 2026-03-10 | Sharma Vivek | Option exercise | 22K | — |
| 2026-03-10 | Winkelmann Thomas | Option exercise | 22K | — |
| 2026-03-10 | St George Martin J | Option exercise | 63K | — |
| 2026-03-10 | St George Martin J | Tax withheld | 32K | $4.52 |
| 2026-03-10 | BONEPARTH PETER | Option exercise | 22K | — |
| 2026-03-10 | MENKE SEAN E | Option exercise | 22K | — |
| 2026-03-10 | McCarthy Eileen P | Option exercise | 27K | — |
| 2026-03-10 | McCarthy Eileen P | Tax withheld | 11K | $4.52 |
| 2026-02-20 | Hurley Ursula L | Option exercise | 57K | — |
| 2026-02-20 | Christie Warren | Option exercise | 33K | — |
| 2026-02-20 | Christie Warren | Tax withheld | 8.5K | $5.91 |
| 2026-02-20 | Southerton Dawn | Option exercise | 9.9K | — |
| 2026-02-20 | Southerton Dawn | Tax withheld | 4.1K | $5.91 |
| 2026-02-20 | Hurley Ursula L | Tax withheld | 21K | $5.91 |
| 2026-02-20 | Clements Carol Ann | Option exercise | 31K | — |
| 2026-02-20 | Clements Carol Ann | Tax withheld | 13K | $5.91 |
| 2026-02-20 | Geraghty Joanna | Option exercise | 93K | — |
| 2026-02-20 | Geraghty Joanna | Tax withheld | 38K | $5.91 |
| 2025-11-11 | Christie Warren | Option exercise | 5.5K | — |
| 2025-11-11 | Christie Warren | Tax withheld | 5.5K | $4.41 |
| 2025-11-11 | Christie Warren | Sell | 505 | $4.43 |
| 2025-11-04 | BONEPARTH PETER | Buy | 50K | $4.12 |
| 2025-10-31 | McCarthy Eileen P | Grant | 712 | $3.51 |
| 2025-10-31 | Hurley Ursula L | Grant | 505 | $3.51 |
| 2025-10-31 | Christie Warren | Grant | 505 | $3.51 |
| 2025-10-31 | St George Martin J | Grant | 2.0K | $3.51 |
| 2025-10-22 | McCarthy Eileen P | Option exercise | 28K | — |
| 2025-10-22 | McCarthy Eileen P | Tax withheld | 11K | $4.66 |
| 2025-04-30 | St George Martin J | Grant | 4.0K | $3.55 |
| 2025-04-30 | Hurley Ursula L | Grant | 4.0K | $3.55 |
| 2025-04-30 | McCarthy Eileen P | Grant | 1.1K | $3.55 |
| 2025-04-30 | Christie Warren | Grant | 4.0K | $3.55 |
| 2025-04-25 | Hurley Ursula L | Option exercise | 109K | — |
| 2025-04-25 | Hurley Ursula L | Tax withheld | 56K | $3.94 |
| 2025-04-25 | Geraghty Joanna | Option exercise | 80K | — |
| 2025-04-25 | Geraghty Joanna | Tax withheld | 44K | $3.94 |
| 2025-04-25 | Clements Carol Ann | Option exercise | 51K | — |
| 2025-04-25 | Clements Carol Ann | Tax withheld | 28K | $3.94 |
| 2025-04-22 | St George Martin J | Option exercise | 47K | — |
| 2025-04-22 | St George Martin J | Tax withheld | 24K | $3.59 |
| 2025-04-11 | Christie Warren | Option exercise | 18K | — |
| 2025-04-11 | Hurley Ursula L | Option exercise | 61K | — |
| 2025-04-11 | Hurley Ursula L | Tax withheld | 31K | $3.69 |
| 2025-04-11 | Geraghty Joanna | Option exercise | 71K | — |
| 2025-04-11 | Geraghty Joanna | Tax withheld | 39K | $3.69 |
| 2025-04-11 | Clements Carol Ann | Option exercise | 35K | — |
| 2025-04-11 | Clements Carol Ann | Tax withheld | 20K | $3.69 |
| 2025-04-11 | Christie Warren | Tax withheld | 7.4K | $3.69 |
| 2025-04-11 | Christie Warren | Option exercise | 46K | — |
| 2025-04-11 | Christie Warren | Tax withheld | 19K | $3.69 |
| 2025-02-21 | Southerton Dawn | Option exercise | 9.9K | — |
| 2025-02-21 | Southerton Dawn | Tax withheld | 4.1K | $7.24 |
| 2025-02-21 | Clements Carol Ann | Option exercise | 13K | — |
| 2025-02-21 | Clements Carol Ann | Tax withheld | 5.3K | $7.24 |
| 2025-02-21 | Clements Carol Ann | Option exercise | 31K | — |
| 2025-02-21 | Clements Carol Ann | Tax withheld | 13K | $7.24 |
| 2025-02-21 | Geraghty Joanna | Option exercise | 93K | — |
| 2025-02-21 | Geraghty Joanna | Tax withheld | 37K | $7.24 |
| 2025-02-21 | Geraghty Joanna | Option exercise | 19K | — |
| 2025-02-21 | Geraghty Joanna | Tax withheld | 7.5K | $7.24 |
| 2025-02-21 | Hurley Ursula L | Option exercise | 57K | — |
| 2025-02-21 | Hurley Ursula L | Tax withheld | 21K | $7.24 |
| 2025-02-21 | Christie Warren | Option exercise | 5.4K | — |
| 2025-02-21 | Christie Warren | Tax withheld | 1.4K | $7.24 |
| 2025-02-21 | Christie Warren | Option exercise | 33K | — |
| 2025-02-21 | Christie Warren | Tax withheld | 8.5K | $7.24 |
| 2025-02-21 | BONEPARTH PETER | Option exercise | 20K | — |
| 2025-02-21 | Sharma Vivek | Option exercise | 20K | — |
| 2025-02-21 | FORD MONTE E | Option exercise | 20K | — |
| 2025-02-21 | Jewett Ellen | Option exercise | 20K | — |
| 2025-02-21 | McClure Teri P | Option exercise | 20K | — |
| 2025-02-18 | Hurley Ursula L | Sell | 15K | $7.50 |
| 2025-02-04 | Mittal Nik | Buy | 86K | $6.14 |
| 2025-02-04 | Mittal Nik | Buy | 14K | $6.17 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (5)
- Airbus
- Embraer
- Amazon (Amazon Leo)
- AVANT
- Tuft & Needle
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-06-01 | 0001158463-26-000068 ↗ |
| 8-K | 2026-05-20 | 2026-05-14 | 0001158463-26-000065 ↗ |
| 10-Q | 2026-04-28 | 2026-03-31 | 0001158463-26-000061 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001158463-26-000060 ↗ |
| 8-K | 2026-04-17 | 2026-04-14 | 0001158463-26-000054 ↗ |
| 8-K | 2026-03-17 | 2026-03-17 | 0001158463-26-000030 ↗ |
| 10-K | 2026-02-12 | 2025-12-31 | 0001158463-26-000007 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001158463-26-000004 ↗ |
| 8-K | 2025-12-12 | 2025-12-09 | 0001158463-25-000119 ↗ |
| 8-K | 2025-12-02 | 2025-12-02 | 0001158463-25-000116 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0001158463-25-000107 ↗ |
| 10-Q | 2025-10-28 | 2025-09-30 | 0001158463-25-000109 ↗ |