JetBlue Airways Financials

JBLU Stock  USD 7.42  0.01  0.13%   
Based on the key indicators related to JetBlue Airways' liquidity, profitability, solvency, and operating efficiency, JetBlue Airways Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. At this time, JetBlue Airways' Short Term Investments are comparatively stable compared to the past year. Property Plant And Equipment Gross is likely to gain to about 15.8 B in 2024, whereas Net Debt is likely to drop slightly above 2.2 B in 2024. Key indicators impacting JetBlue Airways' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.671.6122
Sufficiently Up
Very volatile
Current Ratio0.980.5954
Way Up
Very volatile
The financial analysis of JetBlue Airways is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for JetBlue Airways includes many different criteria found on its balance sheet. For example, investors should never minimize JetBlue Airways' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor JetBlue Airways' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in JetBlue Airways.

Net Income

(294.5 Million)

With this module, you can analyze JetBlue financials for your investing period. You should be able to track the changes in JetBlue Airways individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past JetBlue Airways Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of JetBlue Airways' financial statements are interrelated, with each one affecting the others. For example, an increase in JetBlue Airways' assets may result in an increase in income on the income statement.
Evaluating JetBlue Airways' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of JetBlue Airways' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the JetBlue Airways' relative financial performance

Chance Of Distress

Less than 31

 
100  
 
Zero
Below Average
JetBlue Airways Corp has less than 31 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for JetBlue Airways stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, JetBlue Airways' odds of distress score SHOULD NOT be confused with the real chance of JetBlue Airways Corp filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as JetBlue is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include JetBlue Airways' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in JetBlue Airways' official financial statements usually reflect JetBlue Airways' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of JetBlue Airways Corp. For example, before you start analyzing numbers published by JetBlue accountants, it's critical to develop an understanding of what JetBlue Airways' liquidity, profitability, and earnings quality are in the context of the Passenger Airlines space in which it operates.
Please note, the presentation of JetBlue Airways' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, JetBlue Airways' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in JetBlue Airways' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of JetBlue Airways Corp. Please utilize our Beneish M Score to check the likelihood of JetBlue Airways' management manipulating its earnings.

JetBlue Airways Company Summary

JetBlue Airways competes with Canadian Pacific, Daseke, Marten Transport, Werner Enterprises, and Old Dominion. JetBlue Airways Corporation provides air passenger transportation services. The company was incorporated in 1998 and is based in Long Island City, New York. Jetblue Airways operates under Airlines classification in the United States and is traded on NASDAQ Exchange. It employs 20013 people.
Foreign Associate
  Mexico
Specialization
Industrials, Transportation
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001158463
ISINUS4771431016
CUSIP477143101
RegionNorth America
LocationNew York; U.S.A
Business Address27-01 Queens Plaza
SectorPassenger Airlines
IndustryIndustrials
BenchmarkNYSE Composite
Websitewww.jetblue.com
Phone718 286 7900
CurrencyUSD - US Dollar
You should never invest in JetBlue Airways without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of JetBlue Stock, because this is throwing your money away. Analyzing the key information contained in JetBlue Airways' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

JetBlue Airways Key Financial Ratios

Generally speaking, JetBlue Airways' financial ratios allow both analysts and investors to convert raw data from JetBlue Airways' financial statements into concise, actionable information that can be used to evaluate the performance of JetBlue Airways over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that JetBlue Airways Corp reports annually and quarterly.

JetBlue Airways Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets11.9B13.4B13.6B13.0B13.9B7.7B
Net Debt2.2B3.8B2.8B3.3B4.2B2.2B
Cash929M1.9B2.0B1.0B1.2B596.1M
Total Current Assets1.8B3.3B3.2B1.9B2.2B1.4B
Other Current Liab671M624M839M984M1.1B1.2B
Other Liab1.8B1.6B2.0B2.0B2.3B2.4B
Accounts Payable401M365M499M532M641M673.1M
Other Assets896M(53M)13.6B13.0B15.0B15.8B
Long Term Debt2.0B4.4B3.7B3.1B4.4B2.3B
Inventory81M71M74M87M109M114.5M
Other Current Assets146M123M124M120M148M104.7M
Total Liab7.1B9.4B9.8B9.5B10.5B5.5B
Retained Earnings4.3B3.0B2.8B2.4B2.1B1.5B
Net Receivables231M98M207M317M336M352.8M
Short Term Debt472M563M461M651M424M355.0M
Intangible Assets241M261M299M298M342.7M359.8M
Treasury Stock(1.3B)(1.8B)(2.0B)(2.0B)(1.8B)(1.7B)
Net Tangible Assets5.5B5.3B3.7B3.3B3.8B3.9B
Long Term Debt Total1.4B2.0B4.4B3.7B4.2B2.5B

JetBlue Airways Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what JetBlue Airways' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense65M179M227M166M210M135.3M
Ebitda847M(2.0B)(869M)(149M)685M719.3M
Income Before Tax768M(1.9B)(263M)(437M)(334M)(317.3M)
Net Income569M(1.4B)(182M)(362M)(310M)(294.5M)
Income Tax Expense199M(531M)(81M)(75M)(24M)(22.8M)
Total Revenue8.1B3.0B6.0B9.2B9.6B4.8B
Gross Profit2.2B(1.1B)350M1.5B1.8B1.4B
Cost Of Revenue5.9B4.1B5.7B7.7B7.8B8.2B
Tax Provision199M(531M)(81M)(75M)(24M)(22.8M)
Interest Income18M23M17M39M89M93.5M
Net Interest Income(47M)(179M)(227M)(127M)(121M)(127.1M)

JetBlue Airways Key Cash Accounts

Cash flow analysis captures how much money flows into and out of JetBlue Airways Corp. It measures of how well JetBlue is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money JetBlue Airways brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money JetBlue had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what JetBlue Airways has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash485M951M108M(889M)129M135.5M
Free Cash Flow293M(1.5B)647M(544M)(806M)(765.7M)
Depreciation525M535M540M585M621M316.8M
Other Non Cash Items(27M)379M1M64M112M117.6M
Capital Expenditures1.2B791M995M923M1.2B908.0M
Net Income569M(1.4B)(182M)(362M)(310M)(294.5M)
End Period Cash Flow1.0B2.0B2.1B1.2B1.3B1.4B
Change To Inventory188M52M138M201M67M70.4M
Investments40M(767M)296M(908M)(1.4B)(1.3B)
Change Receivables46M(3M)144M(46M)(52.9M)(50.3M)
Net Borrowings981M2.5B1.0B(369M)(424.4M)(403.1M)
Dividends Paid687M981M3.9B(1.4B)(1.6B)(1.5B)
Change To Netincome143M23M(61M)10M9M8.6M

JetBlue Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining JetBlue Airways's current stock value. Our valuation model uses many indicators to compare JetBlue Airways value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across JetBlue Airways competition to find correlations between indicators driving JetBlue Airways's intrinsic value. More Info.
JetBlue Airways Corp is rated second overall in total asset category among related companies. It is rated below average in operating margin category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value JetBlue Airways by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for JetBlue Airways' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the JetBlue Airways' earnings, one of the primary drivers of an investment's value.

JetBlue Airways Corp Systematic Risk

JetBlue Airways' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. JetBlue Airways volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on JetBlue Airways Corp correlated with the market. If Beta is less than 0 JetBlue Airways generally moves in the opposite direction as compared to the market. If JetBlue Airways Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one JetBlue Airways Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of JetBlue Airways is generally in the same direction as the market. If Beta > 1 JetBlue Airways moves generally in the same direction as, but more than the movement of the benchmark.

About JetBlue Airways Financials

What exactly are JetBlue Airways Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include JetBlue Airways' income statement, its balance sheet, and the statement of cash flows. Potential JetBlue Airways investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although JetBlue Airways investors may use each financial statement separately, they are all related. The changes in JetBlue Airways's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on JetBlue Airways's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze JetBlue Airways Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as JetBlue Airways is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of JetBlue has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if JetBlue Airways' financials are consistent with your investment objective using the following steps:
  • Review JetBlue Airways' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand JetBlue Airways' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare JetBlue Airways' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if JetBlue Airways' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

JetBlue Airways Thematic Clasifications

JetBlue Airways Corp is part of several thematic ideas from Airlines to Impulse. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in JetBlue Airways Stock are looking for potential investment opportunities by analyzing not only static indicators but also various JetBlue Airways' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of JetBlue Airways growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.33

At this time, JetBlue Airways' Price Earnings To Growth Ratio is comparatively stable compared to the past year.

JetBlue Airways March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of JetBlue Airways help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of JetBlue Airways Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of JetBlue Airways Corp based on widely used predictive technical indicators. In general, we focus on analyzing JetBlue Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build JetBlue Airways's daily price indicators and compare them against related drivers.
When determining whether JetBlue Airways Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if JetBlue Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Jetblue Airways Corp Stock. Highlighted below are key reports to facilitate an investment decision about Jetblue Airways Corp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JetBlue Airways Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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Is JetBlue Airways' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JetBlue Airways. If investors know JetBlue will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JetBlue Airways listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.56)
Earnings Share
(0.93)
Revenue Per Share
28.883
Quarterly Revenue Growth
(0.04)
Return On Assets
(0)
The market value of JetBlue Airways Corp is measured differently than its book value, which is the value of JetBlue that is recorded on the company's balance sheet. Investors also form their own opinion of JetBlue Airways' value that differs from its market value or its book value, called intrinsic value, which is JetBlue Airways' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JetBlue Airways' market value can be influenced by many factors that don't directly affect JetBlue Airways' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JetBlue Airways' value and its price as these two are different measures arrived at by different means. Investors typically determine if JetBlue Airways is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JetBlue Airways' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.