Short answer
JETBLUE AIRWAYS CORP (JBLU) filed its fiscal 2025 10-K annual report with the SEC on Feb 12, 2026. It reported revenue of $9.1B (−2.3% year over year) and net income of −$602M.
- Top risk flagged: Regulatory risk from DOT on-time performance metric 74.3% in 2025, slightly improved from 74.1% in 2024
FY2025 key financial metrics · XBRL
- Revenue
- $9.1B
- −2.3% YoY
- Net income
- −$602M
- +24.3% YoY
- Operating margin
- -4.1%
- +3.3 pp YoY
- EPS (diluted)
- −$1.66
- +27.8% YoY
- ROE
- -28.4%
- +1.7 pp YoY
- Operating cash flow
- −$94M
- −165.3% YoY
Source: XBRL data from the JETBLUE AIRWAYS CORP (JBLU) FY2025 10-K on SEC EDGAR. USD.
JETBLUE AIRWAYS CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Low-cost airline serving 112 destinations across U.S., Caribbean, Latin America, Canada, and Europe
- New strategic framework "JetForward" launched July 2024 focusing on service reliability, east coast leisure network growth, valued products, and financial security
- Emphasis on differentiating customer experience via award-winning service and competitive fares targeting underserved travelers
- Employee count 23,000 as of December 31, 2025, reflecting scale of operations and workforce stability
- Highlight on industry's vulnerability to fuel costs, economic conditions, and external disruptions impacting competitive dynamics
Management Discussion & Analysis
- Revenue $9.1B, down $217M (2.3%) YoY due to softening demand
- Operating expenses $9.4B, down 5.3% YoY, adjusted operating expense (ex-fuel/special items) up 4.4% to $7.3B
- Operating margin negative; net loss $602M in 2025 vs $795M loss in 2024, $193M improvement primarily from prior Spirit write-off
- Best segment: East Coast leisure network growth with Fort Lauderdale position regained; no explicit worst segment identified
Risk Factors
- Regulatory risk from DOT on-time performance metric 74.3% in 2025, slightly improved from 74.1% in 2024
- Geopolitical risk from expanded transatlantic routes to Madrid, Edinburgh, Barcelona, Milan exposing JetBlue to Europe market uncertainties
- Operational risk in launching Amazon Leo satellite Wi-Fi in 2027 tied to technology adoption on fleet
- Competitive risk from United Airlines partnership enabling reciprocal loyalty benefits and non-air ancillary sales by end 2026
- Financial risk with $2.5B liquidity including $600M credit line but $461M debt repayment in 2025 indicating high leverage management
Generated from the filing text; verify against the original. How to read a 10-K
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