Forensic Analysis · General / Diversified · as of Jun 27, 2026
JETBLUE AIRWAYS CORP (JBLU)
A forensic read on JETBLUE AIRWAYS CORP built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-0.3
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-33.1%
ROE
$2.2B
Market cap
JETBLUE AIRWAYS CORP earns a F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is -0.3, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-3%Return on invested capital.Return on invested capital is -3% and steady — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+4.0%/yrShare-count dilution.Diluted share count changed +12% over the last 3 years to FY2025 (+4.0%/yr). The count is GROWING — existing holders are being diluted. That's ~4.0% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~12%.
Key fundamentals
Net Margin-6.6%
Debt / Equity4.01x
Free Cash Flow$-1.17B
Latest Revenue$9.06B
Return on Equity-28.4%
Revenue Growth YoY-2.3%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on JETBLUE AIRWAYS CORP:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about JBLU's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown