Alaska Air Group vs JetBlue
Alaska Air Group reported revenue of $14.2 billion in fiscal 2025, 1.6 times JetBlue's $9.1 billion in fiscal 2025. Alaska Air Group's revenue grew 21.3% in its latest year, and JetBlue's fell 2.3%. Alaska Air Group had an operating margin of 2.1%, against -4.1% at JetBlue. Free cash flow was $940 million at Alaska Air Group and −$1.2 billion at JetBlue.
Side by side
| Alaska Air Group | JetBlue | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $14.2B | $9.1B |
| Revenue growth | 21.3% | −2.3% |
| Revenue growth a year, last 5 years | 31.9% | 25.1% |
| Gross margin | — | — |
| Operating margin | 2.1% | −4.1% |
| Net margin | 0.7% | −6.6% |
| Free cash flow | $940M | −$1.2B |
| Free cash flow margin | 6.6% | −12.9% |
| Return on capital | 2.9% | −3.6% |
| Net debt to EBITDA | 3.1x | 19.8x |
| Dividends and buybacks | $570M | $0M |
| Change in diluted share count | −6.6% | 4.7% |
| Last close | $34.95 | $2.37 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $1.0 million, sold $3.5 million | bought $206,000, sold $911,466 |
| Piotroski F-score | 5 of 8 | 3 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Alaska Air GroupJetBlue
Operating margin
Percent of revenue
Alaska Air GroupJetBlue
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Alaska Air GroupJetBlue
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Alaska Air Group and JetBlue pages.