JetBlue Airways Corp (JBLU) - Net Assets
Based on the latest financial reports, JetBlue Airways Corp (JBLU) has net assets worth $1.81 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.61 Billion) and total liabilities ($14.80 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how large is JetBlue Airways Corp's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.81 Billion |
| % of Total Assets | 10.9% |
| Annual Growth Rate | 12.59% |
| 5-Year Change | -44.92% |
| 10-Year Change | -47.17% |
| Growth Volatility | 31.21 |
JetBlue Airways Corp - Net Assets Trend (2000–2025)
This chart illustrates how JetBlue Airways Corp's net assets have evolved over time, based on quarterly financial data. Check JetBlue Airways Corp (JBLU) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for JetBlue Airways Corp (2000–2025)
The table below shows the annual net assets of JetBlue Airways Corp from 2000 to 2025. For live valuation and market cap data, see market cap of JetBlue Airways Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.12 Billion | -19.73% |
| 2024-12-31 | $2.64 Billion | -20.86% |
| 2023-12-31 | $3.34 Billion | -6.34% |
| 2022-12-31 | $3.56 Billion | -7.43% |
| 2021-12-31 | $3.85 Billion | -2.58% |
| 2020-12-31 | $3.95 Billion | -17.67% |
| 2019-12-31 | $4.80 Billion | +4.08% |
| 2018-12-31 | $4.61 Billion | -4.61% |
| 2017-12-31 | $4.83 Billion | +20.46% |
| 2016-12-31 | $4.01 Billion | +25.02% |
| 2015-12-31 | $3.21 Billion | +26.93% |
| 2014-12-31 | $2.53 Billion | +18.51% |
| 2013-12-31 | $2.13 Billion | +13.03% |
| 2012-12-31 | $1.89 Billion | +7.46% |
| 2011-12-31 | $1.76 Billion | +6.23% |
| 2010-12-31 | $1.65 Billion | +7.47% |
| 2009-12-31 | $1.54 Billion | +22.05% |
| 2008-12-31 | $1.26 Billion | +21.72% |
| 2007-12-31 | $1.04 Billion | +8.82% |
| 2006-12-31 | $952.00 Million | +4.50% |
| 2005-12-31 | $911.00 Million | +20.47% |
| 2004-12-31 | $756.20 Million | +12.67% |
| 2003-12-31 | $671.14 Million | +61.85% |
| 2002-12-31 | $414.67 Million | +132.31% |
| 2001-12-31 | $178.50 Million | +63.17% |
| 2000-12-31 | $109.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to JetBlue Airways Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 71700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $717.00 Million | 33.82% |
| Common Stock | $5.00 Million | 0.24% |
| Other Comprehensive Income | $-1.00 Million | -0.05% |
| Other Components | $1.40 Billion | 65.99% |
| Total Equity | $2.12 Billion | 100.00% |
JetBlue Airways Corp Competitors by Market Cap
The table below lists competitors of JetBlue Airways Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Originwater Technology
SHE:300070
|
$1.85 Billion |
|
Carabao Group Public Company Limited
BK:CBG-R
|
$1.85 Billion |
|
City Union Bank Limited
NSE:CUB
|
$1.85 Billion |
|
Costamare Inc
NYSE:CMRE
|
$1.85 Billion |
|
Generate Biomedicines, Inc. Common Stock
NASDAQ:GENB
|
$1.84 Billion |
|
Medco Energi Internasional Tbk
JK:MEDC
|
$1.84 Billion |
|
Alsea S.A.B. de C.V
MX:ALSEA
|
$1.84 Billion |
|
OFG Bancorp
NYSE:OFG
|
$1.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JetBlue Airways Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,641,000,000 to 2,120,000,000, a change of -521,000,000 (-19.7%).
- Net loss of 602,000,000 reduced equity.
- Share repurchases of 8,000,000 reduced equity.
- New share issuances of 52,000,000 increased equity.
- Other comprehensive income decreased equity by 3,000,000.
- Other factors increased equity by 40,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-602.00 Million | -28.4% |
| Share Repurchases | $8.00 Million | -0.38% |
| Share Issuances | $52.00 Million | +2.45% |
| Other Comprehensive Income | $-3.00 Million | -0.14% |
| Other Changes | $40.00 Million | +1.89% |
| Total Change | $- | -19.73% |
Book Value vs Market Value Analysis
This analysis compares JetBlue Airways Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.93x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $-0.16 | $5.35 | x |
| 2000-12-31 | $-0.47 | $5.35 | x |
| 2001-12-31 | $-0.28 | $5.35 | x |
| 2002-12-31 | $2.79 | $5.35 | x |
| 2003-12-31 | $4.17 | $5.35 | x |
| 2004-12-31 | $4.60 | $5.35 | x |
| 2005-12-31 | $5.92 | $5.35 | x |
| 2006-12-31 | $5.82 | $5.35 | x |
| 2007-12-31 | $5.62 | $5.35 | x |
| 2008-12-31 | $5.52 | $5.35 | x |
| 2009-12-31 | $4.63 | $5.35 | x |
| 2010-12-31 | $4.77 | $5.35 | x |
| 2011-12-31 | $5.07 | $5.35 | x |
| 2012-12-31 | $5.49 | $5.35 | x |
| 2013-12-31 | $6.21 | $5.35 | x |
| 2014-12-31 | $7.37 | $5.35 | x |
| 2015-12-31 | $9.31 | $5.35 | x |
| 2016-12-31 | $11.73 | $5.35 | x |
| 2017-12-31 | $14.67 | $5.35 | x |
| 2018-12-31 | $14.66 | $5.35 | x |
| 2019-12-31 | $16.08 | $5.35 | x |
| 2020-12-31 | $14.24 | $5.35 | x |
| 2021-12-31 | $12.10 | $5.35 | x |
| 2022-12-31 | $11.01 | $5.35 | x |
| 2023-12-31 | $10.02 | $5.35 | x |
| 2024-12-31 | $7.61 | $5.35 | x |
| 2025-12-31 | $5.75 | $5.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JetBlue Airways Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.64%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 8.79x
- Recent ROE (-28.40%) is below the historical average (1.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.87 Million |
| 2000 | 0.00% | -20.39% | 0.30x | 0.00x | $-15.91 Million |
| 2001 | 0.00% | 12.15% | 0.48x | 0.00x | $42.20 Million |
| 2002 | 13.24% | 8.64% | 0.46x | 3.33x | $13.44 Million |
| 2003 | 15.48% | 10.41% | 0.46x | 3.26x | $36.78 Million |
| 2004 | 6.28% | 3.75% | 0.45x | 3.70x | $-28.15 Million |
| 2005 | -2.20% | -1.18% | 0.44x | 4.27x | $-111.10 Million |
| 2006 | -0.11% | -0.04% | 0.49x | 5.09x | $-96.20 Million |
| 2007 | 1.74% | 0.63% | 0.51x | 5.40x | $-85.60 Million |
| 2008 | -6.03% | -2.24% | 0.56x | 4.78x | $-202.10 Million |
| 2009 | 3.77% | 1.77% | 0.50x | 4.26x | $-95.90 Million |
| 2010 | 5.86% | 2.57% | 0.57x | 3.99x | $-68.40 Million |
| 2011 | 4.89% | 1.91% | 0.64x | 4.02x | $-89.70 Million |
| 2012 | 6.78% | 2.57% | 0.70x | 3.74x | $-60.80 Million |
| 2013 | 7.87% | 3.09% | 0.74x | 3.44x | $-45.40 Million |
| 2014 | 15.86% | 6.89% | 0.74x | 3.10x | $148.10 Million |
| 2015 | 21.09% | 10.55% | 0.74x | 2.70x | $356.00 Million |
| 2016 | 18.12% | 10.96% | 0.70x | 2.36x | $325.70 Million |
| 2017 | 23.58% | 16.26% | 0.72x | 2.02x | $656.60 Million |
| 2018 | 4.10% | 2.47% | 0.73x | 2.26x | $-272.10 Million |
| 2019 | 11.86% | 7.03% | 0.68x | 2.48x | $89.10 Million |
| 2020 | -34.27% | -45.79% | 0.22x | 3.39x | $-1.75 Billion |
| 2021 | -4.73% | -3.01% | 0.41x | 3.86x | $-566.90 Million |
| 2022 | -10.16% | -3.95% | 0.63x | 4.05x | $-718.30 Million |
| 2023 | -9.29% | -3.22% | 0.63x | 4.59x | $-643.70 Million |
| 2024 | -30.10% | -8.57% | 0.55x | 6.38x | $-1.06 Billion |
| 2025 | -28.40% | -6.64% | 0.49x | 8.79x | $-814.00 Million |
Industry Comparison
This section compares JetBlue Airways Corp's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $1,387,372,147
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JetBlue Airways Corp (JBLU) | $1.81 Billion | 0.00% | 8.18x | $1.85 Billion |
| American Airlines Group (AAL) | $6.86 Billion | 14.36% | 2.55x | $9.91 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-2.66 Billion | 0.00% | 0.00x | $207.64 Million |
| Allegiant Travel Company (ALGT) | $1.22 Billion | 0.20% | 2.70x | $2.31 Billion |
| Alaska Air Group Inc (ALK) | $1.42 Billion | 22.24% | 2.87x | $4.35 Billion |
| Copa Holdings SA (CPA) | $2.78 Billion | 24.20% | 1.37x | $4.25 Billion |
| Delta Air Lines Inc (DAL) | $3.77 Billion | -32.26% | 5.26x | $48.18 Billion |
| flyExclusive, Inc. (FLYX) | $49.69 Million | 16.27% | 5.17x | $51.37 Million |
| flyExclusive, Inc. (FLYX) | $-11.67 Million | 0.00% | 0.00x | $112.53 Million |
| Gol Linhas Aéreas Inteligentes S.A (GOLLQ) | $-932.52 Million | 0.00% | 0.00x | $33.88 Million |
About JetBlue Airways Corp
JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A220, Airbus A320, Airbus A320 Restyled, Airbus A321, Airbus A321 with Mint, Airbus A321neo, Airbus A321neo with Mint, and Airbus A321neoLR with Mint aircraft. It also serves 100 destinations across the United States, the Caribbean, Latin America, Canada, and Europe. In addition, it operates a… Read more