Deep Value: cash covers more than 100% of the stock price

This company holds roughly $2.17B in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Stock

JetBlue Airways Corporation

JBLU

Airlines, Airports & Air Services · Industrials

Also trades as: 0JOT.L GBP 0.03 (-4.41%)

Price

$2.63

-0.03 (-0.94%)

Market Cap

$990.4M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Oct 24, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Weak

6/30

Growth

Weak

4/20

Cash Flow

Weak

0/10

Stability

Weak

0/10

Valuation

Data not available

0/10

Ownership

Good

10/15

Dividends

Not counted

n/a

20 of 95 counted points = Winston Score 21. Pillars marked n/a do not apply to this company and are left out of the total.

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Share count rising — dilution

+15.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 318.0M (2021) → 368.5M (2025)

§Winston Score History

The full picture

JetBlue Airways is a passenger airline based in the United States. It flies people to destinations across the US, the Caribbean, Latin America, and a handful of cities in Europe, mainly the UK and Ireland. JetBlue is known for offering more legroom than most budget carriers and free in-flight Wi-Fi, positioning itself between low-cost and full-service airlines.

JetBlue makes money by selling plane tickets, charging fees for checked bags and seat upgrades, and running a loyalty program called TrueBlue. It operates primarily out of busy East Coast hubs like New York's JFK and Boston, with a market cap of roughly $2.3 billion. The airline faces stiff competition from larger carriers like Delta, American, and Southwest, and its negative operating margin shows it is currently spending more than it earns. The key challenge ahead is returning to consistent profitability by cutting costs and filling more seats, especially as fuel prices and labor costs remain unpredictable.

Politician Trades

2 trades / 12mo

0 Congressional buys and 2 sells on JBLU in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.5% YoY

YoY Growth Rate

Steady revenue growth

Reported EPS Growth

-235.0% YoY

Quarterly reporting periods ended:

30 Jun 2025: $-0.20

30 Jun 2026: $-0.67

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS decreased year over year

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

10.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~17 months

$2.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Growth context

JetBlue Airways Corporation is growing revenue at 14% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

52.7%

Healthy — 52.7% gross margin

Profit after running costs

Operating Margin

-5.2%

Losing money on operations — -5.2%

Return on the money invested

ROCE

-5.1%

Weak — -5.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+4.0%

Slow sales growth (+4.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-11.9%

Burning cash (-11.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

5.91

Heavy debt load (5.91)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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