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Jetblue Airways vs United Airlines: revenue, profit, margins and growth compared

Jetblue Airways brought in $9.1B of revenue in fiscal 2025, United Airlines $59.1B in fiscal 2025. Revenue changed by -2.3% at Jetblue Airways and +3.5% at United Airlines on the year before, so United Airlines grew faster. Jetblue Airways kept -6.6% of its revenue as net profit, United Airlines 5.7%. Free cash flow was -$1.2B at Jetblue Airways and $2.6B at United Airlines.

Side by side, latest fiscal year

JBLUUAL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.1B$59.1B
Revenue growth-2.3%+3.5%
Net income-$602M$3.4B
Net margin-6.6%5.7%
Free cash flow-$1.2B$2.6B
Free cash flow margin-12.9%4.3%
Earnings per share (diluted)-$1.66$10.20
Cash$1.9B$5.9B
Debt$8.5B$21.3B
Price to earningsn/a11.2
Market value$1.7B$37B
Dividend yieldn/an/a
Rank by revenue in sector#124 of 778 · Consumer discretionary#16 of 778 · Consumer discretionary

Over the years

Revenue
JBLU FY2018: $7.7BJBLU FY2019: $8.1BJBLU FY2020: $3BJBLU FY2021: $6BJBLU FY2022: $9.2BJBLU FY2023: $9.6BJBLU FY2024: $9.3BJBLU FY2025: $9.1BUAL FY2018: $41.3BUAL FY2019: $43.3BUAL FY2020: $15.4BUAL FY2021: $24.6BUAL FY2022: $45BUAL FY2023: $53.7BUAL FY2024: $57.1BUAL FY2025: $59.1BFY18FY19FY20FY21FY22FY23FY24FY25
JBLU $9.1BUAL $59.1B
Net income
JBLU FY2018: $189MJBLU FY2019: $569MJBLU FY2020: -$1.4BJBLU FY2021: -$182MJBLU FY2022: -$362MJBLU FY2023: -$310MJBLU FY2024: -$795MJBLU FY2025: -$602MUAL FY2018: $2.1BUAL FY2019: $3BUAL FY2020: -$7.1BUAL FY2021: -$2BUAL FY2022: $737MUAL FY2023: $2.6BUAL FY2024: $3.1BUAL FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
JBLU -$602MUAL $3.4B
Net margin
JBLU FY2018: 2.5%JBLU FY2019: 7.0%JBLU FY2020: -45.8%JBLU FY2021: -3.0%JBLU FY2022: -4.0%JBLU FY2023: -3.2%JBLU FY2024: -8.6%JBLU FY2025: -6.6%UAL FY2018: 5.1%UAL FY2019: 7.0%UAL FY2020: -46.0%UAL FY2021: -8.0%UAL FY2022: 1.6%UAL FY2023: 4.9%UAL FY2024: 5.5%UAL FY2025: 5.7%FY18FY19FY20FY21FY22FY23FY24FY25
JBLU -6.6%UAL 5.7%
Revenue growth
JBLU FY2019: +5.7%JBLU FY2020: -63.5%JBLU FY2021: +104.2%JBLU FY2022: +51.7%JBLU FY2023: +5.0%JBLU FY2024: -3.5%JBLU FY2025: -2.3%UAL FY2019: +4.7%UAL FY2020: -64.5%UAL FY2021: +60.4%UAL FY2022: +82.5%UAL FY2023: +19.5%UAL FY2024: +6.2%UAL FY2025: +3.5%FY19FY20FY21FY22FY23FY24FY25
JBLU -2.3%UAL +3.5%
Free cash flow
JBLU FY2018: $292MJBLU FY2019: $517MJBLU FY2020: -$1.4BJBLU FY2021: $735MJBLU FY2022: -$388MJBLU FY2023: -$728MJBLU FY2024: -$1.3BJBLU FY2025: -$1.2BUAL FY2018: $2.1BUAL FY2019: $2.4BUAL FY2020: -$5.9BUAL FY2021: -$40MUAL FY2022: $1.2BUAL FY2023: -$260MUAL FY2024: $3.8BUAL FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
JBLU -$1.2BUAL $2.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Jetblue Airways and United Airlines

Which is bigger by revenue, Jetblue Airways or United Airlines?

United Airlines is bigger by revenue: $59.1B in fiscal 2025, against $9.1B for Jetblue Airways in fiscal 2025.

Which keeps more of its revenue as profit, Jetblue Airways or United Airlines?

Jetblue Airways had a net margin of -6.6% in fiscal 2025; United Airlines had 5.7% in fiscal 2025.

Which grew revenue faster, Jetblue Airways or United Airlines?

In their latest fiscal years revenue changed by -2.3% at Jetblue Airways and +3.5% at United Airlines.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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