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捷蓝航空（JBLU）与SKYWEST INC（SKYW）财务数据对比。点击上方公司名可切换其他公司
捷蓝航空的季度营收约是SKYWEST INC的2.2倍（$2.2B vs $1.0B）。SKYWEST INC净利率更高（10.0% vs -7.9%，领先17.9%）。SKYWEST INC同比增速更快（6.8% vs -1.4%）。过去两年SKYWEST INC的营收复合增速更高（8.1% vs 0.8%）
捷蓝航空是美国低成本航空公司，总部设于纽约市皇后区长岛市。运营以点对点航线为主，拥有包括纽约肯尼迪国际机场主枢纽在内的六大重点城市航点网络，航线覆盖美洲及欧洲多地。虽未加入任何全球航空联盟，但与寰宇一家、天合联盟、星空联盟的多家航司均有代码共享合作。
天西航空（SkyWest Inc.）是总部位于美国犹他州圣乔治的控股企业，旗下主营北美支线航空公司天西航空，同时运营飞机租赁业务，是北美区域航空运营领域的重要参与者。
JBLU vs SKYW — 直观对比
营收规模更大
JBLU
是对方的2.2倍
$1.0B
营收增速更快
SKYW
高出8.3%
-1.4%
净利率更高
SKYW
高出17.9%
-7.9%
两年增速更快
SKYW
近两年复合增速
0.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.0B |
| 净利润 | $-177.0M | $101.7M |
| 毛利率 | — | — |
| 营业利润率 | -4.5% | 12.2% |
| 净利率 | -7.9% | 10.0% |
| 营收同比 | -1.4% | 6.8% |
| 净利润同比 | -302.3% | 1.1% |
| 每股收益（稀释后） | $-0.47 | $2.50 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收JBLUSKYW
| 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 |
净利润JBLUSKYW
| 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 |
营业利润率JBLUSKYW
| 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% |
净利率JBLUSKYW
| 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% |
每股收益（稀释后）JBLUSKYW
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.2B | — |
| 总债务越低越好 | $7.7B | $1.8B |
| 股东权益账面价值 | $2.1B | $2.7B |
| 总资产 | $16.6B | $7.3B |
| 负债/权益比越低杠杆越低 | 3.65× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资JBLUSKYW
| 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 |
总债务JBLUSKYW
| 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 |
股东权益JBLUSKYW
| 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 |
总资产JBLUSKYW
| 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 |
负债/权益比JBLUSKYW
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $49.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-287.0M | — |
| 自由现金流率自由现金流/营收 | -12.8% | — |
| 资本支出强度资本支出/营收 | 15.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.2B | — |
8季度趋势，按日历期对齐
经营现金流JBLUSKYW
| 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 |
自由现金流JBLUSKYW
| 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 |
自由现金流率JBLUSKYW
| 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% |
资本支出强度JBLUSKYW
| 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% |
现金转化率JBLUSKYW
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
JBLU
| Passenger | $2.1B | 91% |
| Other | $191.0M | 9% |
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
