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捷蓝航空（JBLU）与Frontier Group Holdings, Inc.（ULCC）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Frontier Group Holdings, Inc.的2.3倍（$2.2B vs $997.0M）。Frontier Group Holdings, Inc.净利率更高（5.3% vs -7.9%，领先13.2%）。Frontier Group Holdings, Inc.同比增速更快（-0.5% vs -1.4%）。Frontier Group Holdings, Inc.自由现金流更多（$-113.0M vs $-287.0M）。过去两年Frontier Group Holdings, Inc.的营收复合增速更高（7.4% 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。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
JBLU vs ULCC — 直观对比
营收规模更大
JBLU
是对方的2.3倍
$997.0M
营收增速更快
ULCC
高出1.0%
-1.4%
净利率更高
ULCC
高出13.2%
-7.9%
自由现金流更多
ULCC
多$174.0M
$-287.0M
两年增速更快
ULCC
近两年复合增速
0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $997.0M |
| 净利润 | $-177.0M | $53.0M |
| 毛利率 | — | — |
| 营业利润率 | -4.5% | 4.9% |
| 净利率 | -7.9% | 5.3% |
| 营收同比 | -1.4% | -0.5% |
| 净利润同比 | -302.3% | -1.9% |
| 每股收益（稀释后） | $-0.47 | $0.24 |
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JBLUULCC
| Q4 25 | $2.2B | $997.0M | ||
| Q3 25 | $2.3B | $886.0M | ||
| Q2 25 | $2.4B | $929.0M | ||
| Q1 25 | $2.1B | $912.0M | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.4B | $935.0M | ||
| Q2 24 | $2.4B | $973.0M | ||
| Q1 24 | $2.2B | $865.0M |
净利润JBLUULCC
| Q4 25 | $-177.0M | $53.0M | ||
| Q3 25 | $-143.0M | $-77.0M | ||
| Q2 25 | $-74.0M | $-70.0M | ||
| Q1 25 | $-208.0M | $-43.0M | ||
| Q4 24 | $-44.0M | $54.0M | ||
| Q3 24 | $-60.0M | $26.0M | ||
| Q2 24 | $25.0M | $31.0M | ||
| Q1 24 | $-716.0M | $-26.0M |
营业利润率JBLUULCC
| Q4 25 | -4.5% | 4.9% | ||
| Q3 25 | -4.3% | -8.7% | ||
| Q2 25 | 0.3% | -8.1% | ||
| Q1 25 | -8.1% | -5.0% | ||
| Q4 24 | 0.7% | 4.5% | ||
| Q3 24 | -1.6% | 2.0% | ||
| Q2 24 | 2.3% | 2.6% | ||
| Q1 24 | -32.5% | -3.6% |
净利率JBLUULCC
| Q4 25 | -7.9% | 5.3% | ||
| Q3 25 | -6.2% | -8.7% | ||
| Q2 25 | -3.1% | -7.5% | ||
| Q1 25 | -9.7% | -4.7% | ||
| Q4 24 | -1.9% | 5.4% | ||
| Q3 24 | -2.5% | 2.8% | ||
| Q2 24 | 1.0% | 3.2% | ||
| Q1 24 | -32.4% | -3.0% |
每股收益（稀释后）JBLUULCC
| Q4 25 | $-0.47 | $0.24 | ||
| Q3 25 | $-0.39 | $-0.34 | ||
| Q2 25 | $-0.21 | $-0.31 | ||
| Q1 25 | $-0.59 | $-0.19 | ||
| Q4 24 | $-0.09 | $0.24 | ||
| Q3 24 | $-0.17 | $0.11 | ||
| Q2 24 | $0.07 | $0.14 | ||
| Q1 24 | $-2.11 | $-0.12 |
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 | $671.0M |
| 总债务越低越好 | $7.7B | $620.0M |
| 股东权益账面价值 | $2.1B | $491.0M |
| 总资产 | $16.6B | $7.2B |
| 负债/权益比越低杠杆越低 | 3.65× | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资JBLUULCC
| Q4 25 | $2.2B | $671.0M | ||
| Q3 25 | $2.6B | $566.0M | ||
| Q2 25 | $3.1B | $563.0M | ||
| Q1 25 | $3.5B | $686.0M | ||
| Q4 24 | $3.6B | $740.0M | ||
| Q3 24 | $4.0B | $576.0M | ||
| Q2 24 | $1.5B | $658.0M | ||
| Q1 24 | $1.6B | $622.0M |
总债务JBLUULCC
| Q4 25 | $7.7B | $620.0M | ||
| Q3 25 | $7.8B | $673.0M | ||
| Q2 25 | $7.7B | $565.0M | ||
| Q1 25 | $8.1B | $512.0M | ||
| Q4 24 | $8.1B | $507.0M | ||
| Q3 24 | $7.9B | $474.0M | ||
| Q2 24 | $5.0B | $455.0M | ||
| Q1 24 | $4.7B | $469.0M |
股东权益JBLUULCC
| Q4 25 | $2.1B | $491.0M | ||
| Q3 25 | $2.3B | $434.0M | ||
| Q2 25 | $2.4B | $506.0M | ||
| Q1 25 | $2.4B | $570.0M | ||
| Q4 24 | $2.6B | $604.0M | ||
| Q3 24 | $2.6B | $549.0M | ||
| Q2 24 | $2.7B | $520.0M | ||
| Q1 24 | $2.6B | $484.0M |
总资产JBLUULCC
| Q4 25 | $16.6B | $7.2B | ||
| Q3 25 | $16.6B | $6.7B | ||
| Q2 25 | $16.9B | $6.5B | ||
| Q1 25 | $17.1B | $6.5B | ||
| Q4 24 | $16.8B | $6.2B | ||
| Q3 24 | $16.6B | $5.8B | ||
| Q2 24 | $14.0B | $5.7B | ||
| Q1 24 | $13.7B | $5.2B |
负债/权益比JBLUULCC
| Q4 25 | 3.65× | 1.26× | ||
| Q3 25 | 3.42× | 1.55× | ||
| Q2 25 | 3.21× | 1.12× | ||
| Q1 25 | 3.31× | 0.90× | ||
| Q4 24 | 3.08× | 0.84× | ||
| Q3 24 | 2.98× | 0.86× | ||
| Q2 24 | 1.86× | 0.88× | ||
| Q1 24 | 1.78× | 0.97× |
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 | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | $-287.0M | $-113.0M |
| 自由现金流率自由现金流/营收 | -12.8% | -11.3% |
| 资本支出强度资本支出/营收 | 15.0% | 2.2% |
| 现金转化率经营现金流/净利润 | — | -1.72× |
| 过去12个月自由现金流最近4个季度 | $-1.2B | $-600.0M |
8季度趋势，按日历期对齐
经营现金流JBLUULCC
| Q4 25 | $49.0M | $-91.0M | ||
| Q3 25 | $-142.0M | $-215.0M | ||
| Q2 25 | $-115.0M | $-133.0M | ||
| Q1 25 | $114.0M | $-86.0M | ||
| Q4 24 | $-17.0M | $87.0M | ||
| Q3 24 | $-29.0M | $-156.0M | ||
| Q2 24 | $-14.0M | $9.0M | ||
| Q1 24 | $204.0M | $-22.0M |
自由现金流JBLUULCC
| Q4 25 | $-287.0M | $-113.0M | ||
| Q3 25 | $-411.0M | $-217.0M | ||
| Q2 25 | $-412.0M | $-166.0M | ||
| Q1 25 | $-62.0M | $-104.0M | ||
| Q4 24 | $-368.0M | $73.0M | ||
| Q3 24 | $-302.0M | $-170.0M | ||
| Q2 24 | $-441.0M | $-22.0M | ||
| Q1 24 | $-223.0M | $-39.0M |
自由现金流率JBLUULCC
| Q4 25 | -12.8% | -11.3% | ||
| Q3 25 | -17.7% | -24.5% | ||
| Q2 25 | -17.5% | -17.9% | ||
| Q1 25 | -2.9% | -11.4% | ||
| Q4 24 | -16.2% | 7.3% | ||
| Q3 24 | -12.8% | -18.2% | ||
| Q2 24 | -18.2% | -2.3% | ||
| Q1 24 | -10.1% | -4.5% |
资本支出强度JBLUULCC
| Q4 25 | 15.0% | 2.2% | ||
| Q3 25 | 11.6% | 0.2% | ||
| Q2 25 | 12.6% | 3.6% | ||
| Q1 25 | 8.2% | 2.0% | ||
| Q4 24 | 15.4% | 1.4% | ||
| Q3 24 | 11.5% | 1.5% | ||
| Q2 24 | 17.6% | 3.2% | ||
| Q1 24 | 19.3% | 2.0% |
现金转化率JBLUULCC
| Q4 25 | — | -1.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | -6.00× | ||
| Q2 24 | -0.56× | 0.29× | ||
| Q1 24 | — | — |
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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
