Jetblue Airways Debt-to-Equity Ratio Growth & History (JBLU)
Jetblue Airways's debt-to-equity ratio was 4.47 for fiscal 2025.
View full Jetblue Airways company overviewJetblue Airways annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.47 | 0.98 | +28.05% |
| 2024 | 2024-12-31 | 3.49 | 1.87 | +115.60% |
| 2023 | 2023-12-31 | 1.62 | 0.38 | +30.78% |
| 2022 | 2022-12-31 | 1.24 | −0.02 | −1.49% |
| 2021 | 2021-12-31 | 1.26 | −0.20 | −13.96% |
| 2020 | 2020-12-31 | 1.46 | 0.80 | +121.16% |
| 2019 | 2019-12-31 | 0.66 | 0.10 | +18.53% |
| 2018 | 2018-12-31 | 0.56 | 0.30 | +118.49% |
| 2017 | 2017-12-31 | 0.26 | −0.09 | −26.62% |
| 2016 | 2016-12-31 | 0.35 | −0.23 | −39.45% |
| 2015 | 2015-12-31 | 0.57 | −0.31 | −34.97% |
| 2014 | 2014-12-31 | 0.88 | −0.33 | −27.11% |
| 2013 | 2013-12-31 | 1.21 | −0.30 | −19.78% |
| 2012 | 2012-12-31 | 1.51 | −0.22 | −12.95% |
| 2011 | 2011-12-31 | 1.73 | −0.10 | −5.40% |
| 2010 | 2010-12-31 | 1.83 | −0.06 | −2.91% |
| 2009 | 2009-12-31 | 1.89 | — | — |
Jetblue Airways quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.95 | 2.01 | +51.09% |
| Q1 2026 | 2026-03-31 | 5.19 | 1.31 | +33.73% |
| Q4 2025 | 2025-12-31 | 4.47 | 0.98 | +28.05% |
| Q3 2025 | 2025-09-30 | 4.18 | 0.84 | +25.01% |
| Q2 2025 | 2025-06-30 | 3.94 | 1.71 | +76.91% |
| Q1 2025 | 2025-03-31 | 3.88 | 1.73 | +80.78% |
| Q4 2024 | 2024-12-31 | 3.49 | 1.87 | +115.60% |
| Q3 2024 | 2024-09-30 | 3.34 | 1.98 | +144.56% |
| Q2 2024 | 2024-06-30 | 2.23 | 0.98 | +77.90% |
| Q1 2024 | 2024-03-31 | 2.15 | 0.87 | +68.66% |
| Q4 2023 | 2023-12-31 | 1.62 | 0.38 | +30.78% |
| Q3 2023 | 2023-09-30 | 1.37 | 0.22 | +19.16% |
| Q2 2023 | 2023-06-30 | 1.25 | 0.03 | +2.52% |
| Q1 2023 | 2023-03-31 | 1.27 | 0.06 | +4.58% |
| Q4 2022 | 2022-12-31 | 1.24 | −0.02 | −1.49% |
| Q3 2022 | 2022-09-30 | 1.15 | −0.01 | −1.07% |
| Q2 2022 | 2022-06-30 | 1.22 | −0.04 | −3.16% |
| Q1 2022 | 2022-03-31 | 1.22 | −0.25 | −17.15% |
| Q4 2021 | 2021-12-31 | 1.26 | −0.20 | −13.96% |
| Q3 2021 | 2021-09-30 | 1.16 | −0.28 | −19.18% |
| Q2 2021 | 2021-06-30 | 1.26 | −0.01 | −0.63% |
| Q1 2021 | 2021-03-31 | 1.47 | 0.62 | +73.77% |
| Q4 2020 | 2020-12-31 | 1.46 | 0.80 | +121.16% |
| Q3 2020 | 2020-09-30 | 1.44 | 0.97 | +211.88% |
| Q2 2020 | 2020-06-30 | 1.27 | 0.82 | +183.36% |
| Q1 2020 | 2020-03-31 | 0.85 | 0.37 | +78.74% |
| Q4 2019 | 2019-12-31 | 0.66 | 0.10 | +18.53% |
| Q3 2019 | 2019-09-30 | 0.46 | 0.17 | +57.44% |
| Q2 2019 | 2019-06-30 | 0.45 | 0.20 | +77.86% |
| Q1 2019 | 2019-03-31 | 0.47 | 0.28 | +148.22% |
| Q4 2018 | 2018-12-31 | 0.56 | 0.30 | +118.49% |
| Q3 2018 | 2018-09-30 | 0.29 | 0.04 | +17.33% |
| Q2 2018 | 2018-06-30 | 0.25 | −0.01 | −4.64% |
| Q1 2018 | 2018-03-31 | 0.19 | −0.10 | −33.28% |
| Q4 2017 | 2017-12-31 | 0.26 | −0.09 | −26.62% |
| Q3 2017 | 2017-09-30 | 0.25 | −0.08 | −23.36% |
| Q2 2017 | 2017-06-30 | 0.26 | −0.09 | −26.01% |
| Q1 2017 | 2017-03-31 | 0.29 | −0.10 | −26.81% |
| Q4 2016 | 2016-12-31 | 0.35 | −0.23 | −39.45% |
| Q3 2016 | 2016-09-30 | 0.33 | −0.25 | −43.77% |
| Q2 2016 | 2016-06-30 | 0.36 | −0.29 | −44.74% |
| Q1 2016 | 2016-03-31 | 0.39 | −0.32 | −44.86% |
| Q4 2015 | 2015-12-31 | 0.57 | −0.31 | −34.97% |
| Q3 2015 | 2015-09-30 | 0.58 | −0.30 | −33.94% |
| Q2 2015 | 2015-06-30 | 0.65 | −0.27 | −29.11% |
| Q1 2015 | 2015-03-31 | 0.71 | −0.38 | −35.18% |
| Q4 2014 | 2014-12-31 | 0.88 | −0.33 | −27.11% |
| Q3 2014 | 2014-09-30 | 0.88 | −0.22 | −19.95% |
| Q2 2014 | 2014-06-30 | 0.91 | −0.21 | −19.04% |
| Q1 2014 | 2014-03-31 | 1.09 | −0.09 | −7.99% |
| Q4 2013 | 2013-12-31 | 1.21 | −0.30 | −19.78% |
| Q3 2013 | 2013-09-30 | 1.09 | −0.30 | −21.65% |
| Q2 2013 | 2013-06-30 | 1.12 | −0.30 | −21.21% |
| Q1 2013 | 2013-03-31 | 1.19 | −0.37 | −23.62% |
| Q4 2012 | 2012-12-31 | 1.51 | −0.22 | −12.95% |
| Q3 2012 | 2012-09-30 | 1.40 | −0.28 | −16.85% |
| Q2 2012 | 2012-06-30 | 1.43 | −0.28 | −16.61% |
| Q1 2012 | 2012-03-31 | 1.55 | −0.17 | −9.85% |
| Q4 2011 | 2011-12-31 | 1.73 | −0.10 | −5.40% |
| Q3 2011 | 2011-09-30 | 1.68 | −0.09 | −5.10% |
| Q2 2011 | 2011-06-30 | 1.71 | −0.14 | −7.67% |
| Q1 2011 | 2011-03-31 | 1.72 | — | — |
| Q4 2010 | 2010-12-31 | 1.83 | −0.06 | −2.91% |
| Q3 2010 | 2010-09-30 | 1.77 | — | — |
| Q2 2010 | 2010-06-30 | 1.85 | — | — |
| Q4 2009 | 2009-12-31 | 1.89 | — | — |
Jetblue Airways debt-to-equity ratio trends
Over the last five fiscal years, Jetblue Airways's debt-to-equity ratio increased from 1.46 to 4.47, a change of 3.01. The latest reported quarter, Q2 2026, shows 5.95.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Jetblue Airways source filings ↗