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Jetblue Airways (JBLU) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 26, 2026 · Jetblue Airways (JBLU) Q3 2026 earnings results →

Q3 2026 Revenue up 21% year over year to $2.8B · 9¢ of every $1 of revenue lost · operating margin -5.1%

Jetblue Airways made $2.8B in Q3 2026 (+21% Y/Y): Passenger $2.6B, Other $212M. Operating margin -5.1%, net loss $257M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 26, 2026.

Revenue$2.8B
Year over year+21%
Operating margin-5.1%
Net earnings−$257M
Operating cash flow−$238M

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Jetblue Airways Q3 2026 revenue breakdown: Sankey diagram of revenue (Passenger, Other), costs, profit and cash flow
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What changed this quarter

Revenue was $2.8B in Q3 2026, up 21% year over year and up 4% from the previous quarter. Passenger was the largest line at 92% of revenue. Passenger added $0.47B year over year (up 22%), 95% of the total change.

Operating costs exceeded revenue by $0.14B, an operating margin of -5.1%. Total costs grew 22% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+22%). The quarter ended with a net loss of $0.26B, wider than the previous quarter's $0.25B loss.

Operating cash flow was −$0.24B. Non-cash charges added back $0.19B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.17B. Capital expenditures of $0.23B exceeded it, leaving free cash flow of −$0.47B.

Quarterly history

Jetblue Airways revenue by quarterJetblue Airways revenue by quarter$2.1BQ1 2025$2.4BQ2 2025$2.3BQ3 2025$2.2BQ4 2025$2.2BQ1 2026$2.7BQ2 2026$2.8BQ3 2026
Jetblue Airways net earnings by quarterJetblue Airways net earnings by quarter−$208MQ1 2025−$74.0MQ2 2025−$143MQ3 2025−$177MQ4 2025−$319MQ1 2026−$247MQ2 2026−$257MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 26, 2026$2.8B+21%-5.1%−$257M−$238M
Q2 202610-QJul 28, 2026$2.7B+14%-5.2%−$247M−$155M
Q1 202610-QApr 28, 2026$2.2B+5%-10.0%−$319M$120M
Q4 202510-KFeb 12, 2026$2.2B-1%-4.5%−$177M$49.0M
Q3 202510-QOct 28, 2025$2.3B-2%-4.3%−$143M−$142M
Q2 202510-QJul 29, 2025$2.4B-3%0.3%−$74.0M−$115M
Q1 202510-QApr 29, 2025$2.1B-3%-8.1%−$208M$114M

Charts

Jetblue Airways: revenue growth, year over year and quarter over quarterJetblue Airways: revenue growth, year over year and quarter over quarterY/YQ/Q-3%Q1 2025-3%+10%Q2 2025-2%-1%Q3 2025-1%-3%Q4 2025+5%0%Q1 2026+14%+20%Q2 2026+21%+4%Q3 2026
Latest (Q3 2026): Y/Y +21%, Q/Q +4%.
Jetblue Airways: where the cash came from (+) and went (−), TTM to Q3 2026Jetblue Airways: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)$1.1BCapital spending−$911MNet borrowing (+) / repaid (−)−$285MOther investing$260MOperating cash flow−$224MShares issued$41.0MOther financing−$8.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Jetblue Airways: profit against cash, quarter by quarterJetblue Airways: profit against cash, quarter by quarterNet incomeOperating cash flow−$44.0M−$17.0MQ4 2024−$208M$114MQ1 2025−$74.0M−$115MQ2 2025−$143M−$142MQ3 2025−$177M$49.0MQ4 2025−$319M$120MQ1 2026−$247M−$155MQ2 2026−$257M−$238MQ3 2026
Latest (Q3 2026): Net income −$257M, Operating cash flow −$238M.
Jetblue Airways: diluted shares by fiscal yearJetblue Airways: diluted shares by fiscal year278MFY2020318MFY2021324MFY2022333MFY2023346MFY2024362MFY2025
+30.5% since FY2020: more shares outstanding (issuance, stock pay).
Jetblue Airways: long-term debt falling due (FY2025)Jetblue Airways: long-term debt falling due (FY2025)$755M2026$411M2027$516M2028$1.8B2029$589M2030$4.5BLater
Cash $1.9B, short-term investments $213M, long-term debt $8.5B at 2025-12-31.
Jetblue Airways in its industry: growth against margin (13 companies, SIC 4512)Jetblue Airways in its industry: growth against margin (13 companies, SIC 4512)revenue growth, year over year →↑ operating marginmedian +21%median 2%DALUnited Airlines, Inc.AALAmerican Airlines, Inc.LUVALKULCCSKYWALGTRJETJETMFHarbor Diversified, Inc.JBLU (+21%, -5%)
Air Transportation, Scheduled; dot size is quarterly revenue; dashed lines are the industry's medians.

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About Jetblue Airways

JetBlue Airways Corporation is New York's Hometo wn Airline ® . As of December 31, 2025, JetBlue served 112 destinations across the United States, the Caribbean and Latin America, Canada and Europe. JetBlue was incorporated in Delaware in August 1998 and commenced service on February 11, 2000. We believe our differentiated product and culture combined with our competitive cost structure enable us to compete effectively in the high-value geographies we serve. Looking to the future, we plan to continue to grow in our high-value geographies, invest in industry-leading products, and provide award-winning service by our 23,000 dedicated employees, whom we refer to as crewmembers. Going forward, we believe we will continue to differentiate ourselves from other airlines, enabling us to continue to attract a greater mix of customers, and to drive continued growth.

In its own words, from its 10-K, filed Feb 12, 2026.

Jetblue Airways against its Air Transportation, Scheduled peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +21% against the peers' median +19%. Operating margin: -5.1% against the peers' median 1.9%.

CompanyQuarterRevenueY/YOp. margin
JBLU Jetblue AirwaysQ3 2026$2.8B+21%-5.1%
DAL Delta Air LinesQ3 2026$20.2B+21%7.2%
United AirlinesQ3 2026$17.9B+17%8.1%
AAL American Airlines GroupQ3 2026$16.3B+19%0.7%
American AirlinesQ1 2025$12.6B-0.2%-2.2%
LUV Southwest AirlinesQ3 2026$8.4B+21%4.5%
ALK Alaska Air GroupQ3 2026$4.3B+14%1.9%
ULCC Frontier Group HoldingsQ3 2026$1.4B+53%-8.0%
SKYW SkywestQ3 2026$1.1B+6%15.8%

Source: Jetblue Airways 10-Q on SEC EDGAR · CIK 1158463 · Air Transportation, Scheduled

13F: who owns JBLU and who is buying

Largest holders of JBLU (13F)Largest holders of JBLU (13F)BlackRock$283MVanguard Group$142MIcahn Carl C$118MVanguard Portfolio Management LLC$105MTwo Sigma Investments, LP$99.5MVanguard Capital Management LLC$79.5MState Street$79.1MDimensional Fund Advisors LP$75.5MAmeriprise Financial$71.5MGeode Capital Management, LLC$48.9M
Funds' net buying of JBLU by quarter (13F)Funds' net buying of JBLU by quarter (13F)$23.3M2024-09$210M2024-12$23.2M2025-03−$126M2025-06$25.7M2025-09$130M2025-12−$63.1M2026-03$196M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on JBLU

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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