$JBLU
JETBLUE AIRWAYS CORP
CIK:0001158463|SEC Filings
Consolidated Statements of Operations - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues [Abstract] | ||||
| Total operating revenues | $ 2,697 | $ 2,356 | $ 4,937 | $ 4,496 |
| OPERATING EXPENSES | ||||
| Aircraft fuel | 911 | 504 | 1,484 | 1,015 |
| Salaries, wages and benefits | 875 | 852 | 1,771 | 1,714 |
| Landing fees and other rents | 183 | 171 | 352 | 330 |
| Depreciation and amortization | 183 | 171 | 362 | 339 |
| Aircraft rent | 15 | 20 | 30 | 39 |
| Sales and marketing | 88 | 76 | 160 | 147 |
| Maintenance, materials and repairs | 204 | 198 | 398 | 389 |
| Special items | 0 | 24 | 0 | 24 |
| Other operating expenses | 379 | 334 | 745 | 667 |
| Total operating expenses | 2,838 | 2,350 | 5,302 | 4,664 |
| OPERATING INCOME (LOSS) | (141) | 6 | (365) | (168) |
| OTHER INCOME (EXPENSE) | ||||
| Interest expense | (147) | (147) | (291) | (295) |
| Interest income | 17 | 33 | 40 | 71 |
| Capitalized interest | 1 | 3 | 2 | 6 |
| Gain on investments, net | 1 | 3 | 4 | 4 |
| Other | (2) | 8 | 3 | 17 |
| Total other expense | (130) | (100) | (242) | (197) |
| LOSS BEFORE INCOME TAXES | (271) | (94) | (607) | (365) |
| Income tax benefit | 24 | 20 | 41 | 83 |
| NET LOSS | $ (247) | $ (74) | $ (566) | $ (282) |
| LOSS PER COMMON SHARE | ||||
| Basic (in dollars per share) | $ (0.66) | $ (0.21) | $ (1.51) | $ (0.79) |
| Diluted (in dollars per share) | $ (0.66) | $ (0.21) | $ (1.51) | $ (0.79) |
| Passenger | ||||
| Revenues [Abstract] | ||||
| Total operating revenues | $ 2,487 | $ 2,179 | $ 4,535 | $ 4,149 |
| Other | ||||
| Revenues [Abstract] | ||||
| Total operating revenues | $ 210 | $ 177 | $ 402 | $ 347 |
Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 1,656 | $ 1,946 |
| Investment securities | 364 | 213 |
| Receivables, less allowance (2026 - $3; 2025 - $6) | 434 | 372 |
| Spare parts, aircraft fuel and supplies, less allowance (2026 - $43; 2025 - $37) | 304 | 193 |
| Restricted cash and cash equivalents | 12 | 100 |
| Prepaid expenses and other | 387 | 414 |
| Total current assets | 3,157 | 3,238 |
| PROPERTY AND EQUIPMENT | ||
| Flight equipment | 15,284 | 14,957 |
| Pre-delivery deposits for flight equipment | 158 | 177 |
| Total flight equipment and pre-delivery deposits, gross | 15,442 | 15,134 |
| Less accumulated depreciation | 4,686 | 4,436 |
| Total flight equipment and pre-delivery deposits, net | 10,756 | 10,698 |
| Other property and equipment, gross | 1,410 | 1,377 |
| Less accumulated depreciation | 914 | 884 |
| Total other property and equipment, net | 496 | 493 |
| Total property and equipment, net | 11,252 | 11,191 |
| OPERATING LEASE ASSETS | 850 | 868 |
| OTHER ASSETS | ||
| Investment securities | 148 | 318 |
| Restricted cash and cash equivalents | 251 | 249 |
| Intangible assets, net of accumulated amortization (2026 - $655; 2025 - $622) | 333 | 415 |
| Other | 380 | 291 |
| Total other assets | 1,112 | 1,273 |
| TOTAL ASSETS | 16,371 | 16,570 |
| CURRENT LIABILITIES | ||
| Accounts payable | 674 | 655 |
| Air traffic liability | 2,000 | 1,669 |
| Accrued salaries, wages and benefits | 661 | 680 |
| Other accrued liabilities | 625 | 550 |
| Current operating lease liabilities | 97 | 79 |
| Current maturities of long-term debt and finance lease obligations | 477 | 769 |
| Total current liabilities | 4,534 | 4,402 |
| LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS | 8,001 | 7,729 |
| LONG-TERM OPERATING LEASE LIABILITIES | 811 | 839 |
| DEFERRED TAXES AND OTHER LIABILITIES | ||
| Deferred income taxes | 399 | 447 |
| Air traffic liability - non-current | 737 | 704 |
| Other liabilities | 302 | 329 |
| Total deferred taxes and other liabilities | 1,438 | 1,480 |
| COMMITMENTS AND CONTINGENCIES (Note 7) | ||
| STOCKHOLDERS' EQUITY | ||
| Preferred stock, $0.01 par value; 25 shares authorized, none issued | 0 | 0 |
| Common stock, $0.01 par value; 900 shares authorized, 540 and 532 shares issued and 377 and 370 shares outstanding at June 30, 2026 and December 31, 2025, respectively | 5 | 5 |
| Treasury stock, at cost; 163 and 162 shares at June 30, 2026 and December 31, 2025, respectively | (2,021) | (2,013) |
| Additional paid-in capital | 3,451 | 3,412 |
| Retained earnings | 151 | 717 |
| Accumulated other comprehensive income (loss) | 1 | (1) |
| Total stockholders' equity | 1,587 | 2,120 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 16,371 | $ 16,570 |