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Side-by-side financial comparison of JETBLUE AIRWAYS CORP (JBLU) and SKYWEST INC (SKYW). Click either name above to swap in a different company.
JETBLUE AIRWAYS CORP is the larger business by last-quarter revenue ($2.2B vs $1.0B, roughly 2.2× SKYWEST INC). SKYWEST INC runs the higher net margin — 10.0% vs -7.9%, a 17.9% gap on every dollar of revenue. On growth, SKYWEST INC posted the faster year-over-year revenue change (6.8% vs -1.4%). Over the past eight quarters, SKYWEST INC's revenue compounded faster (8.1% CAGR vs 0.8%).
JetBlue Airways Corporation, stylized as jetBlue, is an American low-cost airline headquartered in Long Island City, in Queens, New York City. Primarily a point-to-point carrier, JetBlue's network features six focus cities including its main hub at New York City's John F. Kennedy International Airport, with destinations across the Americas and Europe. Although not a member of any global airline alliances, JetBlue has codeshare agreements with airlines from Oneworld, SkyTeam, and Star Alliance.
SkyWest, Inc. is the holding company for SkyWest Airlines, a North American regional airline, as well as an aircraft leasing company. It is headquartered in St. George, Utah, United States.
JBLU vs SKYW — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.0B |
| Net Profit | $-177.0M | $101.7M |
| Gross Margin | — | — |
| Operating Margin | -4.5% | 12.2% |
| Net Margin | -7.9% | 10.0% |
| Revenue YoY | -1.4% | 6.8% |
| Net Profit YoY | -302.3% | 1.1% |
| EPS (diluted) | $-0.47 | $2.50 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.2B | $1.0B | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.4B | $1.0B | ||
| Q1 25 | $2.1B | $948.5M | ||
| Q4 24 | $2.3B | $944.4M | ||
| Q3 24 | $2.4B | $912.8M | ||
| Q2 24 | $2.4B | $867.1M |
| Q1 26 | — | $101.7M | ||
| Q4 25 | $-177.0M | $91.2M | ||
| Q3 25 | $-143.0M | $116.4M | ||
| Q2 25 | $-74.0M | $120.3M | ||
| Q1 25 | $-208.0M | $100.6M | ||
| Q4 24 | $-44.0M | $97.4M | ||
| Q3 24 | $-60.0M | $89.7M | ||
| Q2 24 | $25.0M | $75.6M |
| Q1 26 | — | 12.2% | ||
| Q4 25 | -4.5% | 13.1% | ||
| Q3 25 | -4.3% | 16.6% | ||
| Q2 25 | 0.3% | 16.4% | ||
| Q1 25 | -8.1% | 14.7% | ||
| Q4 24 | 0.7% | 15.3% | ||
| Q3 24 | -1.6% | 14.4% | ||
| Q2 24 | 2.3% | 13.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | -7.9% | 8.9% | ||
| Q3 25 | -6.2% | 11.1% | ||
| Q2 25 | -3.1% | 11.6% | ||
| Q1 25 | -9.7% | 10.6% | ||
| Q4 24 | -1.9% | 10.3% | ||
| Q3 24 | -2.5% | 9.8% | ||
| Q2 24 | 1.0% | 8.7% |
| Q1 26 | — | $2.50 | ||
| Q4 25 | $-0.47 | $2.21 | ||
| Q3 25 | $-0.39 | $2.81 | ||
| Q2 25 | $-0.21 | $2.91 | ||
| Q1 25 | $-0.59 | $2.42 | ||
| Q4 24 | $-0.09 | $2.34 | ||
| Q3 24 | $-0.17 | $2.16 | ||
| Q2 24 | $0.07 | $1.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.2B | — |
| Total DebtLower is stronger | $7.7B | $1.8B |
| Stockholders' EquityBook value | $2.1B | $2.7B |
| Total Assets | $16.6B | $7.3B |
| Debt / EquityLower = less leverage | 3.65× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $122.7M | ||
| Q3 25 | $2.6B | $44.5M | ||
| Q2 25 | $3.1B | $48.3M | ||
| Q1 25 | $3.5B | $179.0M | ||
| Q4 24 | $3.6B | $227.4M | ||
| Q3 24 | $4.0B | $177.6M | ||
| Q2 24 | $1.5B | $141.8M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $7.7B | — | ||
| Q3 25 | $7.8B | $2.4B | ||
| Q2 25 | $7.7B | $2.5B | ||
| Q1 25 | $8.1B | $2.6B | ||
| Q4 24 | $8.1B | $2.7B | ||
| Q3 24 | $7.9B | $2.7B | ||
| Q2 24 | $5.0B | $2.8B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.3B | $2.7B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.4B | $2.5B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.7B | $2.2B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | $16.6B | $7.4B | ||
| Q3 25 | $16.6B | $7.2B | ||
| Q2 25 | $16.9B | $7.2B | ||
| Q1 25 | $17.1B | $7.1B | ||
| Q4 24 | $16.8B | $7.1B | ||
| Q3 24 | $16.6B | $7.0B | ||
| Q2 24 | $14.0B | $7.0B |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 3.65× | — | ||
| Q3 25 | 3.42× | 0.89× | ||
| Q2 25 | 3.21× | 0.97× | ||
| Q1 25 | 3.31× | 1.03× | ||
| Q4 24 | 3.08× | 1.11× | ||
| Q3 24 | 2.98× | 1.17× | ||
| Q2 24 | 1.86× | 1.25× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $49.0M | — |
| Free Cash FlowOCF − Capex | $-287.0M | — |
| FCF MarginFCF / Revenue | -12.8% | — |
| Capex IntensityCapex / Revenue | 15.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $49.0M | $231.5M | ||
| Q3 25 | $-142.0M | $280.8M | ||
| Q2 25 | $-115.0M | $257.1M | ||
| Q1 25 | $114.0M | $171.0M | ||
| Q4 24 | $-17.0M | $185.9M | ||
| Q3 24 | $-29.0M | $183.6M | ||
| Q2 24 | $-14.0M | $165.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-287.0M | $224.3M | ||
| Q3 25 | $-411.0M | $269.9M | ||
| Q2 25 | $-412.0M | $251.5M | ||
| Q1 25 | $-62.0M | $162.6M | ||
| Q4 24 | $-368.0M | $162.7M | ||
| Q3 24 | $-302.0M | $172.1M | ||
| Q2 24 | $-441.0M | $159.4M |
| Q1 26 | — | — | ||
| Q4 25 | -12.8% | 21.9% | ||
| Q3 25 | -17.7% | 25.7% | ||
| Q2 25 | -17.5% | 24.3% | ||
| Q1 25 | -2.9% | 17.1% | ||
| Q4 24 | -16.2% | 17.2% | ||
| Q3 24 | -12.8% | 18.9% | ||
| Q2 24 | -18.2% | 18.4% |
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | 0.7% | ||
| Q3 25 | 11.6% | 1.0% | ||
| Q2 25 | 12.6% | 0.5% | ||
| Q1 25 | 8.2% | 0.9% | ||
| Q4 24 | 15.4% | 2.5% | ||
| Q3 24 | 11.5% | 1.3% | ||
| Q2 24 | 17.6% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.54× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | -0.56× | 2.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBLU
| Passenger | $2.1B | 91% |
| Other | $191.0M | 9% |
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
