JBLU vs UAL
JetBlue Airways Corp. and United Airlines Holdings, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | JBLU | UAL |
|---|---|---|
| Revenue | $9.1B | $59.1B |
| Net income | $-602.0M | $3.4B |
| Gross margin | · | · |
| Net margin | −6.6% | 5.7% |
| Return on equity | −25.3% | 24.0% |
| Diluted EPS | −$1.66 | $10.20 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $-1.2B | $2.6B |
| Equity | $2.1B | $15.3B |
| Net debt / equity | 2.73× | 1.00× |
| Current ratio | 0.74× | 0.65× |
| Revenue CAGR 5y | 25.1% | 30.9% |
| Profit CAGR 5y | · | · |
UAL bills 6.5× the revenue of JBLU, and JBLU closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | JBLU | UAL |
|---|---|---|
| FY2025 | $9.1B | $59.1B |
| FY2024 | $9.3B | $57.1B |
| FY2023 | $9.6B | $53.7B |
| FY2022 | $9.2B | $45.0B |
| FY2021 | $6.0B | $24.6B |
| FY2020 | $3.0B | $15.4B |
| FY2019 | $8.1B | $43.3B |
| FY2018 | $7.7B | $41.3B |
| FY2017 | $7.0B | $37.8B |
| FY2016 | $6.6B | $36.6B |
Bottom line
| Fiscal year | JBLU | UAL |
|---|---|---|
| FY2025 | $-602.0M | $3.4B |
| FY2024 | $-795.0M | $3.1B |
| FY2023 | $-310.0M | $2.6B |
| FY2022 | $-362.0M | $737.0M |
| FY2021 | $-182.0M | $-2.0B |
| FY2020 | $-1.4B | $-7.1B |
| FY2019 | $569.0M | $3.0B |
| FY2018 | $189.0M | $2.1B |
| FY2017 | $1.1B | $2.1B |
| FY2016 | $727.0M | $2.2B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$50,008,000,000 | UAL |
| FY2024 | −$47,784,000,000 | UAL |
| FY2023 | −$44,102,000,000 | UAL |
| FY2022 | −$35,797,000,000 | UAL |
| FY2021 | −$18,597,000,000 | UAL |
| FY2020 | −$12,398,000,000 | UAL |
| FY2019 | −$35,165,000,000 | UAL |
| FY2018 | −$33,645,000,000 | UAL |
| FY2017 | −$30,772,000,000 | UAL |
| FY2016 | −$29,974,000,000 | UAL |
| FY2015 | −$31,448,000,000 | UAL |
| FY2014 | −$33,084,000,000 | UAL |
| FY2013 | −$32,838,000,000 | UAL |
| FY2012 | −$32,170,000,000 | UAL |
| FY2011 | −$32,606,000,000 | UAL |
| FY2010 | −$19,546,000,000 | UAL |
| FY2009 | −$13,043,000,000 | UAL |
| FY2008 | −$16,802,000,000 | UAL |
UAL has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −12.3 pp | UAL |
| FY2024 | −14.1 pp | UAL |
| FY2023 | −8.1 pp | UAL |
| FY2022 | −5.6 pp | UAL |
| FY2021 | +5.0 pp | JBLU |
| FY2020 | +0.2 pp | JBLU |
| FY2019 | +0.1 pp | JBLU |
| FY2018 | −2.7 pp | UAL |
| FY2017 | +10.6 pp | JBLU |
| FY2016 | +4.9 pp | JBLU |
| FY2015 | −8.8 pp | UAL |
| FY2014 | +4.0 pp | JBLU |
| FY2013 | +1.6 pp | JBLU |
| FY2012 | +4.5 pp | JBLU |
| FY2011 | −0.4 pp | UAL |
| FY2010 | +1.5 pp | JBLU |
| FY2009 | +5.8 pp | JBLU |
| FY2008 | +24.2 pp | JBLU |
The higher net margin has changed hands between JBLU and UAL over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UAL's net margin has been more volatile than JBLU's over the 18 comparable fiscal years — 14.0 percentage points of standard deviation against 12.7.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between JBLU and UAL over these 18 fiscal years — JBLU led in 11 and UAL in 7.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UAL's return on equity has been more volatile than JBLU's over the 15 comparable fiscal years — 47.5 percentage points of standard deviation against 17.7.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between JBLU and UAL over these 15 fiscal years — JBLU led in 4 and UAL in 11.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.