JETBLUE AIRWAYS CORP, 10-K filed on 2/12/2026
Annual Report
v3.25.4
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2025
Jan. 31, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 000-49728    
Entity Registrant Name JETBLUE AIRWAYS CORP    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 87-0617894    
Entity Address, Address Line One 27-01 Queens Plaza North    
Entity Address, City or Town Long Island City    
Entity Address, State or Province NY    
Entity Address, Postal Zip Code 11101    
City Area Code 718    
Local Phone Number 286-7900    
Title of 12(b) Security Common Stock, $0.01 par value    
Trading Symbol JBLU    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 1.5
Entity Common Stock, Shares Outstanding   370,119,668  
Documents Incorporated by Reference
Designated portions of the Registrant's Proxy Statement for its 2026 Annual Meeting of Stockholders, which is to be filed within 120 days after the end of the fiscal year ended December 31, 2025, are incorporated by reference into Part III of this Annual Report on Form 10-K, or the Report, to the extent described therein.
    
Entity Central Index Key 0001158463    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Auditor Information [Abstract]  
Auditor Name Ernst & Young LLP
Auditor Location New York, New York
Auditor Firm ID 42
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 1,946 $ 1,921
Investment securities 213 1,689
Receivables, less allowance (2025 - $6; 2024 - $6) 372 348
Spare parts, aircraft fuel and supplies, less allowance (2025 - $37; 2024 - $43) 193 158
Restricted cash and cash equivalents 100 0
Prepaid expenses and other 414 142
Total current assets 3,238 4,258
PROPERTY AND EQUIPMENT    
Flight equipment 14,957 14,103
Pre-delivery deposits for flight equipment 177 315
Total flight equipment and pre-delivery deposits, gross 15,134 14,418
Less accumulated depreciation 4,436 4,243
Total flight equipment and pre-delivery deposits, net 10,698 10,175
Other property and equipment, gross 1,377 1,342
Less accumulated depreciation 884 861
Total other property and equipment, net 493 481
Total property and equipment, net 11,191 10,656
OPERATING LEASE ASSETS 868 550
OTHER ASSETS    
Investment securities 318 336
Restricted cash and cash equivalents [1] 249 227
Intangible assets, net of accumulated amortization (2025 - $622; 2024 - $579976593) 415 399
Other 291 415
Total other assets 1,273 1,377
TOTAL ASSETS 16,570 16,841
CURRENT LIABILITIES    
Accounts payable 655 619
Air traffic liability 1,669 1,572
Accrued salaries, wages and benefits 680 663
Other accrued liabilities 550 542
Current operating lease liabilities 79 93
Current maturities of long-term debt and finance lease obligations 769 392
Total current liabilities 4,402 3,881
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 7,729 8,147
LONG-TERM OPERATING LEASE LIABILITIES 839 510
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 447 633
Air traffic liability - non-current 704 653
Other 329 376
Total deferred taxes and other liabilities 1,480 1,662
COMMITMENTS AND CONTINGENCIES (Notes 10 & 11)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 532 and 513 shares issued and, 370 and 353 shares outstanding at 2025 and 2024, respectively 5 5
Treasury stock, at cost; 162 and 160 shares at 2025 and 2024, respectively (2,013) (2,005)
Additional paid-in capital 3,412 3,320
Retained earnings 717 1,319
Accumulated other comprehensive income (loss) (1) 2
Total stockholders' equity 2,120 2,641
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 16,570 $ 16,841
[1] Restricted cash and restricted cash equivalents primarily consists of principal and interest payments held as a reserve associated with the financing of the TrueBlue® program, funds held in escrow for principal repayment of 0.50% convertible senior notes pursuant to the Citibank Line of Credit agreement, funds held for workers compensation obligations and various letters of credit.
v3.25.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Allowance for receivables $ 6 $ 6
Allowance for inventories 37 43
Accumulated amortization $ 622 $ 580
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 25,000,000 25,000,000
Preferred stock, shares issued (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 900,000,000 900,000,000
Common stock shares issued (in shares) 532,000,000 513,000,000
Common stock, shares outstanding (in shares) 370,000,000 353,000,000
Treasury stock, shares (in shares) 161,800,000 160,000,000
v3.25.4
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING REVENUES      
Total operating revenue $ 9,062,000,000 $ 9,279,000,000 $ 9,615,000,000
OPERATING EXPENSES      
Aircraft fuel 2,057,000,000 2,343,000,000 2,807,000,000
Salaries, wages and benefits 3,453,000,000 3,263,000,000 3,055,000,000
Landing fees and other rents 658,000,000 659,000,000 657,000,000
Depreciation and amortization 688,000,000 655,000,000 621,000,000
Aircraft rent 74,000,000 92,000,000 126,000,000
Sales and marketing 305,000,000 328,000,000 316,000,000
Maintenance, materials and repairs 791,000,000 628,000,000 654,000,000
Special items 30,000,000 591,000,000 197,000,000
Other operating expenses 1,374,000,000 1,404,000,000 1,412,000,000
Total operating expenses 9,430,000,000 9,963,000,000 9,845,000,000
OPERATING LOSS (368,000,000) (684,000,000) (230,000,000)
OTHER INCOME (EXPENSE)      
Interest expense (588,000,000) (365,000,000) (210,000,000)
Interest income 127,000,000 111,000,000 70,000,000
Capitalized interest 9,000,000 15,000,000 19,000,000
Gain (loss) on investments, net 18,000,000 (27,000,000) 9,000,000
Gain on debt extinguishments 0 22,000,000 0
Other 28,000,000 31,000,000 8,000,000
Total other expense (406,000,000) (213,000,000) (104,000,000)
LOSS BEFORE INCOME TAXES (774,000,000) (897,000,000) (334,000,000)
Income tax benefit 172,000,000 102,000,000 24,000,000
NET LOSS $ (602,000,000) $ (795,000,000) $ (310,000,000)
LOSS PER COMMON SHARE      
Basic (in dollars per share) $ (1.66) $ (2.30) $ (0.93)
Diluted (in dollars per share) $ (1.66) $ (2.30) $ (0.93)
Passenger      
OPERATING REVENUES      
Total operating revenue $ 8,336,000,000 $ 8,617,000,000 $ 9,008,000,000
Other      
OPERATING REVENUES      
Total operating revenue $ 726,000,000 $ 662,000,000 $ 607,000,000
v3.25.4
Consolidated Statements of Comprehensive Loss - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
NET LOSS $ (602) $ (795) $ (310)
Changes in fair value of available-for-sale investment securities and derivative instruments, net of reclassifications into earnings, net of taxes of $1, $1, and $2 in 2025, 2024, and 2023, respectively (3) 6 (4)
Total other comprehensive income (loss) (3) 6 (4)
COMPREHENSIVE LOSS $ (605) $ (789) $ (314)
v3.25.4
Consolidated Statements of Comprehensive Loss (Parentheticals) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Other comprehensive income (loss), tax $ 1 $ 1 $ 2
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (602,000,000) $ (795,000,000) $ (310,000,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Deferred income taxes (183,000,000) (110,000,000) (27,000,000)
Depreciation and amortization 688,000,000 655,000,000 621,000,000
Spirit special items, non-cash 0 450,000,000 0
Gain on debt extinguishments 0 (22,000,000) 0
Stock-based compensation 40,000,000 39,000,000 39,000,000
Gain on flight equipment transactions, net (99,000,000) (17,000,000) 0
Unrealized (gains) losses on investments (2,000,000) 21,000,000 0
Changes in certain operating assets and liabilities:      
(Increase) decrease in receivables (22,000,000) 4,000,000 (3,000,000)
(Increase) decrease in inventories, prepaid and other (63,000,000) 2,000,000 67,000,000
Increase (decrease) in air traffic liability 116,000,000 (10,000,000) (145,000,000)
Increase (decrease) in accounts payable and other accrued liabilities 36,000,000 (28,000,000) 141,000,000
Other, net (3,000,000) (45,000,000) 17,000,000
Net cash (used in) provided by operating activities (94,000,000) 144,000,000 400,000,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (1,078,000,000) (1,478,000,000) (1,128,000,000)
Pre-delivery deposits for flight equipment (44,000,000) (141,000,000) (78,000,000)
Purchase of held-to-maturity investments (142,000,000) (752,000,000) (69,000,000)
Proceeds from the maturities of held-to-maturity investments 84,000,000 582,000,000 12,000,000
Purchase of available-for-sale securities (480,000,000) (1,778,000,000) (474,000,000)
Proceeds from the sale of available-for-sale securities 2,041,000,000 487,000,000 489,000,000
Payment for Spirit Airlines acquisition 0 (22,000,000) (131,000,000)
Proceeds from the sale of assets and sale-leaseback transactions 279,000,000 30,000,000 12,000,000
Other, net (2,000,000) (8,000,000) (11,000,000)
Net cash provided by (used in) investing activities 658,000,000 (3,080,000,000) (1,378,000,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt, net of issuance costs 0 3,793,000,000 78,000,000
Proceeds from failed sale-leaseback transactions 0 668,000,000 1,331,000,000
Proceeds from issuance of common stock 52,000,000 60,000,000 53,000,000
Repayment of long-term debt and finance lease obligations (461,000,000) (748,000,000) (347,000,000)
Acquisition of treasury stock (8,000,000) (6,000,000) (4,000,000)
Other, net 0 0 (4,000,000)
Net cash (used in) provided by financing activities (417,000,000) 3,767,000,000 1,107,000,000
INCREASE IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS 147,000,000 831,000,000 129,000,000
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 2,148,000,000 [1] 1,317,000,000 [1] 1,188,000,000
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period [1] 2,295,000,000 2,148,000,000 1,317,000,000
SUPPLEMENTAL CASH FLOW INFORMATION      
Cash payments for interest, net (427,000,000) (230,000,000) (80,000,000)
Cash proceeds (payments) for income taxes, net 2,000,000 (2,000,000) 49,000,000
NON-CASH TRANSACTIONS      
Operating lease assets acquired under operating leases 417,000,000 58,000,000 46,000,000
Flight equipment acquired under finance leases 400,000,000 122,000,000 0
Cash and cash equivalents 1,946,000,000 1,921,000,000 1,166,000,000
Restricted cash and cash equivalents [2] 349,000,000 227,000,000 151,000,000
Total cash, cash equivalents, restricted cash, and restricted cash equivalents [1] $ 2,295,000,000 $ 2,148,000,000 $ 1,317,000,000
[1]
(1) Refer to the table below for a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents.
[2] Restricted cash and restricted cash equivalents primarily consists of principal and interest payments held as a reserve associated with the financing of the TrueBlue® program, funds held in escrow for principal repayment of 0.50% convertible senior notes pursuant to the Citibank Line of Credit agreement, funds held for workers compensation obligations and various letters of credit.
v3.25.4
Consolidated Statements of Cash Flows (Parentheticals)
Dec. 31, 2025
Dec. 31, 2024
Jul. 29, 2024
Dec. 31, 2023
0.50% convertible senior notes, due through 2026        
Debt instrument, interest rate, stated percentage 0.50% 0.50% 0.50% 0.50%
v3.25.4
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Issued
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2022   486.0        
Beginning balance at Dec. 31, 2022 $ 3,563 $ 5 $ (1,995) $ 3,129 $ 2,424 $ 0
Beginning balance (in shares) at Dec. 31, 2022     159.0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (310)       (310)  
Other comprehensive (loss) income (4)         (4)
Vesting of restricted stock units (in shares)   2.0        
Vesting of restricted stock units (4)   $ (4)      
Stock compensation expense 39     39    
Stock issued under Crewmember Stock Purchase Plan (in shares)   11.0        
Stock issued under Crewmember Stock Purchase Plan 53     53    
Ending balance (in shares) at Dec. 31, 2023   499.0        
Ending balance at Dec. 31, 2023 3,337 $ 5 $ (1,999) 3,221 2,114 (4)
Ending balance (in shares) at Dec. 31, 2023     159.0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (795)       (795)  
Other comprehensive (loss) income 6         6
Vesting of restricted stock units (in shares)   2.0 1.0      
Vesting of restricted stock units (6)   $ (6)      
Stock compensation expense 39     39    
Stock issued under Crewmember Stock Purchase Plan (in shares)   12.0        
Stock issued under Crewmember Stock Purchase Plan $ 60     60    
Ending balance (in shares) at Dec. 31, 2024 353.0 513.0        
Ending balance at Dec. 31, 2024 $ 2,641 $ 5 $ (2,005) 3,320 1,319 2
Ending balance (in shares) at Dec. 31, 2024 160.0   160.0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss $ (602)       (602)  
Other comprehensive (loss) income (3)         (3)
Vesting of restricted stock units (in shares)   4.0 2.0      
Vesting of restricted stock units (8)   $ (8)      
Stock compensation expense 40     40    
Stock issued under Crewmember Stock Purchase Plan (in shares)   15.0        
Stock issued under Crewmember Stock Purchase Plan $ 52     52    
Ending balance (in shares) at Dec. 31, 2025 370.0 532.0        
Ending balance at Dec. 31, 2025 $ 2,120 $ 5 $ (2,013) $ 3,412 $ 717 $ (1)
Ending balance (in shares) at Dec. 31, 2025 161.8   162.0      
v3.25.4
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
JetBlue provides air transportation services across the United States, Latin America, the Caribbean, Canada, and Europe. Our consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"), and include the accounts of JetBlue and our subsidiaries. All majority-owned subsidiaries are consolidated with all intercompany transactions and balances being eliminated.
Unless otherwise noted, all amounts disclosed are stated before consideration of income taxes.
Use of Estimates
The preparation of our consolidated financial statements and accompanying notes in conformity with GAAP requires us to make certain estimates and assumptions. Actual results could differ from those estimates.
Fair Value
The Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board (the "FASB") Accounting Standards Codification® ("ASC" or the "Codification") establishes a framework for measuring fair value and requires enhanced disclosures about fair value measurements. This topic clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The topic also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs. Refer to Note 13 for more information.
Cash and Cash Equivalents
Our cash and cash equivalents include short-term, highly liquid investments which are readily convertible into cash. These investments include money market securities, commercial paper, and time deposits with maturities of three months or less when purchased.
Restricted Cash and Cash Equivalents   
Restricted cash and cash equivalents primarily consists of money held as a reserve for principal and interest payments associated with the financing of the TrueBlue® program, cash held in escrow related to the Citibank revolving credit facility, and letters of credit. The letters of credit relate to a certain number of leases, which will expire at the end of the related lease terms as well as a $65 million letter of credit relating to our 5% ownership in JFK Millennium Partners ("JMP"), a private entity that will finance, develop, and operate JFK Terminal 6. Additionally, we had cash pledged related to funds held for workers compensation obligations and other business partner agreements, which will expire according to the terms of the related agreements.
Accounts Receivable    
Accounts receivable are carried at cost, which primarily consist of amounts due from credit card companies related to sales of tickets for future travel and amounts due from our co-branded credit card partners. We estimate an allowance for expected credit losses based on known troubled accounts, if any, and historical experience of losses incurred, as well as current and expected conditions.
Investment Securities     
Investment in Debt Securities     
Investments in debt securities consist of available-for-sale investment securities and held-to-maturity investment securities. Realized gains and losses are recorded using the specific identification method in gain (loss) investments, net on the consolidated statements of operations. Unrealized gains and losses on available-for-sale securities are reflected in accumulated other comprehensive income (loss) on the consolidated balance sheets. Refer to Note 13 for an explanation of the fair value hierarchy structure and Note 14 for more information.
Investment in Equity Securities 
Equity method investments. Investments in which we can exercise significant influence are accounted for using the equity method in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures of the Codification.
Equity investment securities. Our equity investment securities include investments in common stocks of publicly traded companies which are stated at fair value.
Equity investments. Our wholly owned subsidiary, JetBlue Technology Ventures LLC, has equity investments in emerging companies which do not have readily determinable fair values and are accounted for using a measurement alternative.
TWA Hotel. We have an approximate 10% ownership interest in the TWA Flight Center Hotel at JFK, and it is accounted for under the measurement alternative in other assets section of the consolidated balance sheets.
Refer to Note 14 for more information.
Derivative Instruments
As part of our risk management strategy, we periodically purchase energy derivatives. Our derivative instruments include fuel hedge contracts, such as jet fuel call options and call option spreads, which are stated at fair value, net of any collateral postings. Derivative instruments are included in other current assets on our consolidated balance sheets. As of December 31, 2025, we did not have any outstanding fuel hedging contracts. Refer to Note 12 for more information.
Spare Parts, Aircraft Fuel and Supplies
Expendable aircraft spare parts and supplies are stated at average cost, while aircraft fuel is accounted for on a first-in, first-out basis. These items are expensed when used or consumed. An allowance for obsolescence on aircraft spare parts and supplies is provided over the remaining useful life of the related aircraft fleet.
Property and Equipment    
We record property and equipment at cost and depreciate to an estimated residual value on a straight-line basis over the asset's estimated useful life. We capitalize additions, asset modifications which extend the useful life or enhance performance, as well as interest related to pre-delivery deposits used to acquire new aircraft and the construction of our facilities.
Estimated useful lives and residual values for property and equipment are summarized as follows:
Property and Equipment TypeEstimated Useful LifeResidual Value
Aircraft (1)
25 years20 %
Aircraft equipment
5-12 years
0 %
Aircraft partsFleet life10 %
Flight equipment leasehold improvementsLower of lease term or economic life0 %
Ground property and equipment
2-10 years
0 %
Leasehold improvements - otherLower of lease term or economic life0 %
Buildings on leased landLower of lease term or economic life0 %
(1) The Company is pursuing capital-light growth and as a result the estimated useful lives of certain Airbus A320 airframes were extended beyond 25 years.
Property under finance leases is initially recorded at an amount equal to the present value of future minimum lease payments which is computed on the basis of our incremental borrowing rate or, when known, the interest rate implicit in the lease. Amortization of property under finance leases is on a straight-line basis over the expected useful life to their estimated residual values and is included in depreciation and amortization expense on our consolidated statements of operations.
We record impairment losses on long-lived assets used in operations when events and circumstances indicate the asset groups may be impaired and the undiscounted future cash flows estimated to be generated by the asset groups are less than the asset groups' net book value. If impairment occurs, the loss is measured by comparing the fair value of the asset to its carrying amount.
For property and equipment classified as held for sale, we discontinue depreciation and record impairment losses if the fair value less cost to sell is lower than the carrying amount of those assets. For the year ended December 31, 2025, we recorded a $13 million impairment loss related to assets classified as held for sale, which is included in other operating expenses on our consolidated statement of operations. We did not record any impairment losses for the years ended December 31, 2024 and 2023. Refer to Note 13 for additional information.
As of December 31, 2025 and 2024, we had $138 million and $33 million, respectively, classified as held for sale within prepaid expenses and other in current assets on the consolidated balance sheets. Refer to Note 10 for additional information.
Software   
We capitalize certain costs related to the acquisition and development of computer software. We amortize these costs using the straight-line method over the estimated useful life of the software, which is generally five years. The net book value of computer software, which is included in intangible assets on our consolidated balance sheets, was $152 million and $138 million as of December 31, 2025 and 2024, respectively. Amortization expense related to computer software was $66 million, $72 million, and $62 million for the years ended December 31, 2025, 2024, and 2023, respectively. As of December 31, 2025, amortization expense related to computer software is expected to be as follows (in millions):
Amortization Expense
2026$55 
202746 
202831 
202915 
20305 
Indefinite-Lived Intangible Assets
Our indefinite-lived intangible assets consist primarily of acquired slots at certain high density airports which results in no amortization of expense. Slots are the rights to take-off or land at a specific airport during a specified time of day and are a means by which airport capacity and congestion can be managed. We evaluate our indefinite-lived intangible assets for impairment on an annual basis, or more frequently as needed when events and circumstances indicate an impairment may exist. Impairment indicators include operating or cash flow losses as well as various market factors to determine if events and circumstances could reasonably have affected the fair value. As of December 31, 2025 and 2024, our indefinite-lived intangible assets, which are included in intangible assets on our consolidated balance sheets, were $139 million. We performed an impairment assessment as of December 31, 2025 and determined our indefinite-lived intangible assets were not impaired.
Passenger Revenue    
Ticket sales and related ancillary fees are initially deferred in air traffic liability. Air traffic liability represents tickets sold but not yet flown, credits which can be used for future travel, and a portion of the liability related to our TrueBlue® loyalty program. The transaction price is allocated to each performance obligation identified in a passenger ticket based on relative standalone selling price. Passenger revenue, including certain ancillary fees directly related to passenger tickets, is recognized when transportation is provided. Taxes that we are required to collect from our customers, including foreign and U.S. federal transportation taxes, security taxes, and airport facility charges, are excluded from passenger revenue. Those taxes and fees are recorded as a liability upon collection and are relieved from the liability upon remittance to the applicable governmental agency.
The majority of passenger tickets sold are non-refundable. Non-refundable fares may be canceled prior to the scheduled departure date for a credit for future travel. Refundable fares may be canceled at any time prior to the scheduled departure date. Failure to cancel a refundable fare prior to departure will result in the cancellation of the original ticket and an issuance of a credit for future travel. Most passenger credits can be used for future travel up to one year from the date of booking. Passenger breakage revenue from unused tickets and passenger credits will be recognized in proportion to flown revenue based on estimates of expected expiration when the likelihood of the customer exercising his or her remaining rights becomes remote. Breakage revenue consists of tickets that remain unused past the departure date, have continued validity, and are expected to ultimately expire unused, as well as passenger credits that are not expected to be redeemed prior to expiration. JetBlue uses estimates based on historical experience of expired tickets and credits and considers other factors that could impact future expiration patterns of tickets and credits. Tickets which do not have continued validity past the departure date are recognized as revenue after the scheduled departure date has lapsed.
Passenger ticket costs primarily include credit card fees, commissions paid, and global distribution systems booking fees. Costs are allocated entirely to the purchased travel services and are capitalized until recognized when travel services are provided to the customer.
Loyalty Program   
Customers may earn points under our customer loyalty program, TrueBlue®, based on the fare paid and fare product purchased for a flight. Customers can also earn points through business partners such as credit card companies, hotels, car rental companies, and our participating airline partners.
Points Earned From a Ticket Purchase. When a TrueBlue® member travels, we recognize a portion of the fare as revenue and defer in air traffic liability the portion that represents the value of the points net of spoilage, or breakage. The transaction price is allocated to each performance obligation on a relative standalone selling price basis. We determine the standalone selling price of TrueBlue® points issued using the redemption value approach. To maximize the use of observable inputs, we utilize the actual ticket value of the tickets purchased with TrueBlue® points. The liability is relieved and passenger revenue is recognized when points are redeemed and free travel is provided.
Points Sold to TrueBlue® Partners. Our most significant contract to sell TrueBlue® points is with our co-branded credit card partner. Co-branded credit card partnerships have the following identified performance obligations: air transportation; use of the JetBlue brand name and access to our frequent flyer customer lists; advertising; and other airline benefits. In determining the standalone selling price for co-brand credit card arrangements, JetBlue considered multiple inputs, methods and assumptions, including: discounted cash flows; estimated redemption value, net of fulfillment discount; points expected to be awarded and redeemed; estimated annual spending by cardholders; estimated annual royalty for use of JetBlue's frequent flyer customer lists; and estimated utilization of other airline benefits. Payments are typically due monthly based on the volume of points sold during the period, and the terms of our contracts are generally from one to ten years. The overall consideration received is allocated to each performance obligation based on its relative standalone selling price. The air transportation element is deferred and recognized as passenger revenue when the points are redeemed. The other elements are recognized as other revenue when the performance obligations related to those services are satisfied, which is generally the same period as when consideration is received from the participating company.
Amounts allocated to the air transportation element which are initially deferred include a portion that are expected to be redeemed during the following twelve months (included within air traffic liability on our consolidated balance sheets), and a portion that are not expected to be redeemed during the following twelve months (included within air traffic liability - non-current on our consolidated balance sheets). We periodically update this analysis and adjust the split between current and non-current liabilities as appropriate.
Points earned by TrueBlue® members never expire. TrueBlue® members can pool points between small groups of people, branded as Points Pooling™. Breakage is estimated using historical redemption patterns to determine a breakage rate. Breakage rates used to estimate breakage revenue are evaluated annually. Changes to breakage estimates impact revenue recognition prospectively.
Aircraft Fuel
Aircraft fuel consists of the cost of jet fuel, related taxes, into-plane, transportation, airport fuel flowage, and storage fees. It also includes realized gains and losses arising from fuel derivatives.
Airframe and Engine Maintenance and Repairs   
Regular airframe maintenance for owned and leased flight equipment is expensed as incurred unless covered by a third-party long-term flight hour service agreement. We have separate service agreements in place covering scheduled and unscheduled repairs of certain airframe line replacement unit components as well as engines in our fleet. Certain of these agreements are under a power-by-the-hour agreement, which requires monthly payments at rates based on either the number of operating aircraft cycles or engine flight hours each month in exchange for a predetermined maintenance program. These power-by-the-hour agreements, if they meet certain criteria, transfer risk to the third-party service provider and therefore, are expensed based on actual flight hours or aircraft cycles occurring each period.
Advertising Costs
Advertising costs, which are included in sales and marketing on our consolidated statements of operations, are expensed as incurred. Advertising expense was $76 million in 2025, $79 million in 2024, and $66 million in 2023.
Share-Based Compensation
We record compensation expense for share-based awards based on the grant date fair value of those awards. Share-based compensation expense includes an estimate for pre-vesting forfeitures. Each vesting portion of an award is recognized over the requisite service periods of the awards on a straight-line basis. Refer to Note 7 for more information.
Income Taxes
We account for income taxes utilizing the liability method. Deferred income taxes are recognized for the tax consequences of temporary differences between the tax and financial statement reporting bases of assets and liabilities. A valuation allowance for deferred tax assets is provided unless realization of the asset is judged by us to be more likely than not. Our policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. Refer to Note 8 for more information.
Recently Issued Accounting Pronouncements
Recently Adopted Standards
Accounting Standards Update 2023-09—Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09)
ASU 2023-09 requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. ASU 2023-09 requires disaggregation of the effective tax rate reconciliation at a threshold of 5% of our federal rate of 21%. Income taxes paid (net of refunds received) is required to be disaggregated by federal, state and foreign jurisdictions. The disaggregation is based on a quantitative threshold of 5% of total income taxes paid, net of refunds received. Income (loss) before income tax benefit (expense) is also required to be disaggregated between domestic and foreign jurisdictions. ASU 2023-09 eliminates the requirement to disclose details of tax positions for which the amount of unrecognized tax benefits may significantly increase or decrease in the next 12 months. The Company has adopted the standard effective December 31, 2025 on a prospective basis, and it did not have a material impact on the Company's consolidated financial statements.
Standards Effective in Future Years
Accounting Standards Update 2024-03 — Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (ASU 2024-03)
ASU 2024-03 requires entities to disclose disaggregated information regarding specific expense categories in the notes to the financial statements for both interim and annual periods. The standard is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027. The standard will be applied prospectively, with the option to apply on a retrospective basis. Early adoption is permitted. The Company is evaluating the new standard but does not expect it to have a material impact on the Company's consolidated financial statements.
Accounting Standards Update 2025-06—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06)
ASU 2025-06 updates the accounting guidance for internal-use software costs. The standard removes references to development stages and requires capitalization of software costs when management has authorized and committed to funding the software project, it is probable that the project will be completed, and the software will be used to perform the function intended. The standard is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The standard may be applied prospectively, retrospectively, or using a modified transition method. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements.
v3.25.4
Revenue Recognition
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company categorizes revenue recognized from contracts with its customers by revenue source as we believe it best depicts the nature, amount, timing, and uncertainty of our revenue and cash flow. The following table provides revenue recognized by revenue source for the years ended December 31, 2025, 2024, and 2023 (in millions):
Twelve Months Ended December 31,
202520242023
Passenger revenue
Passenger travel$7,667 $7,983 $8,403 
Loyalty revenue - air transportation669 634 605 
Other revenue
Loyalty revenue521 464 422 
Other revenue205 198 185 
Total operating revenue$9,062 $9,279 $9,615 
TrueBlue® is our customer loyalty program designed to reward and recognize our customers. TrueBlue® points earned from ticket purchases are recorded as a reduction to Passenger travel within passenger revenue. Amounts presented in Loyalty revenue - air transportation represent revenue recognized when TrueBlue® points have been redeemed and travel has occurred. Loyalty revenue within other revenue primarily consists of the non-air transportation elements from the sale of TrueBlue® points.

Contract Liabilities
Our contract liabilities primarily consist of ticket sales for which transportation has not yet been provided, unused credits available to customers, and outstanding loyalty points available for redemption (in millions):
December 31, 2025December 31, 2024
Air traffic liability - passenger travel (1)
$1,123 $1,073 
Air traffic liability - loyalty program (air transportation)1,227 1,125 
Deferred revenue - passenger travel and loyalty program travel (2)
334 389 
Deferred revenue - other (3)
25 27 
Total $2,709 $2,614 
(1) The balance as of December 31, 2025 includes a $2 million travel bank liability recognized within other liabilities on our consolidated balance sheets.
(2) Included within other accrued liabilities and other liabilities on our consolidated balance sheets.
(3) Included within air traffic liability on our consolidated balance sheets.
During each of the years ended December 31, 2025 and 2024, we recognized passenger revenue of $1.1 billion, which was included in passenger travel liability at the beginning of the respective periods.
The Company elected the practical expedient that allows entities to not disclose the amount of the remaining transaction price and its expected timing of recognition for passenger tickets if the contract has an original expected duration of one year or less or if certain other conditions are met. We elected to apply this practical expedient to our contract liabilities relating to passenger travel and ancillary services as our tickets or any related passenger credits expire generally one year from the date of booking.
TrueBlue® points are combined into one homogeneous pool and are not separately identifiable. As such, the revenue is comprised of points that were part of the air traffic liability balance at the beginning of the period as well as points that were issued during the period.
The table below presents the activity of the current and non-current air traffic liability for our loyalty program, and includes points earned and sold to participating companies for the years ended December 31, 2025 and 2024 (in millions):
Balance at December 31, 2023$1,072 
TrueBlue® points redeemed passenger
(634)
TrueBlue® points redeemed other
(26)
TrueBlue® points earned and sold
713 
Balance at December 31, 20241,125 
TrueBlue® points redeemed passenger
(669)
TrueBlue® points redeemed other
(40)
TrueBlue® points earned and sold
811 
Balance at December 31, 2025$1,227 
The timing of our TrueBlue® point redemptions can vary; however, the majority of points are redeemed within approximately two years of the date of issuance.
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Long-term Debt, Short-term Borrowings and Finance Lease Obligations Long-term Debt, Short-term Borrowings, and Finance Lease Obligations
Long-term debt and finance lease obligations and the related weighted average contractual interest rate at December 31, 2025 and 2024 consisted of the following (in millions):
 December 31, 2025December 31, 2024
Secured Debt
Fixed rate special facility bonds, due through 2036$43 5.0 %$43 5.0 %
Fixed rate enhanced equipment notes:
2019-1 Series AA, due through 2032424 2.8 %452 2.8 %
2019-1 Series A, due through 2028132 3.0 %141 3.0 %
2019-1 Series B, due through 202745 8.1 %58 8.1 %
2020-1 Series A, due through 2032428 4.1 %469 4.1 %
2020-1 Series B, due through 202882 7.8 %100 7.8 %
Fixed rate equipment notes, due through 2028127 4.0 %219 4.3 %
Floating rate equipment notes, due through 2036 (1)
673 6.7 %742 7.4 %
Aircraft failed sale-leaseback transactions, due through 2036 (1)
2,103 6.9 %2,221 7.0 %
TrueBlue® senior secured notes, due through 2031
1,990 9.9 %1,988 9.9 %
TrueBlue® senior secured term loan facility, due through 2029 (1)
744 8.8 %749 9.9 %
Finance leases449 6.3 %116 5.8 %
Unsecured Debt
Unsecured CARES Act Payroll Support Program loan, due through 2030259 2.0 %259 2.0 %
Unsecured Consolidated Appropriations Act Payroll Support Program Extension loan, due through 2031144 2.0 %144 2.0 %
Unsecured American Rescue Plan Act of 2021 Payroll Support loan, due through 2031132 2.0 %132 2.0 %
0.50% convertible senior notes, due through 2026
325 0.5 %325 0.5 %
2.50% convertible senior notes, due through 2029
460 2.5 %460 2.5 %
Total debt and finance lease obligations$8,560 $8,618 
Less: Debt issuance costs(62)(79)
Less: Current maturities(769)(392)
Long-term debt and finance lease obligations$7,729 $8,147 
(1) Certain debt bears interest at a floating rate equal to Secured Overnight Financing Rate ("SOFR"), plus a margin.
Fixed Rate Specialty Bonds, Due Through 2036
In November 2005, the Greater Orlando Aviation Authority ("GOAA") issued special purpose airport facilities revenue bonds to JetBlue as reimbursement for certain airport facility construction and other costs. In April 2013, GOAA issued $42 million in special purpose airport facility revenue bonds to refund the bonds issued in 2005. The proceeds from the refunded bonds were loaned to us and we recorded the issuance of $43 million, net of $1 million premium, as long-term debt on our consolidated balance sheets.
Fixed Rate Enhanced Equipment Notes
We have financed certain aircraft with Enhanced Equipment Trust Certificates ("EETCs"). One of the benefits of this structure is being able to finance several aircraft at one time, rather than individually. The structure of EETC financing is that we create pass-through trusts in order to issue pass-through certificates. The proceeds from the issuance of these certificates are then used to purchase equipment notes which are issued by us and are secured by our aircraft. These trusts meet the definition of a variable interest entity ("VIE"), as defined in Topic 810, Consolidation of the FASB Codification, and must be considered for consolidation in our financial statements. Our assessment of our EETCs considers both quantitative and qualitative factors including the purpose for which these trusts were established and the nature of the risks in each. The main purpose of the trust
structure is to enhance the credit worthiness of our debt obligation through certain bankruptcy protection provisions and liquidity facilities, and also to lower our total borrowing cost. We concluded that we are not the primary beneficiary in these trusts because our involvement in them is limited to principal and interest payments on the related notes, the trusts were not set up to pass along variability created by credit risk to us and the likelihood of our defaulting on the notes. Therefore, we have not consolidated these trusts in our financial statements.
2019-1 Equipment Notes
In November 2019, we completed a public placement of equipment notes in an aggregate principal amount of $772 million secured by 25 Airbus A321 aircraft. The equipment notes were issued in two series: (i) Series AA, bearing interest at the rate of 2.75% per annum in the aggregate principal amount equal to $589 million, and (ii) Series A, bearing interest at the rate of 2.95% per annum in the aggregate principal amount equal to $183 million. Principal and interest are payable semi-annually.
In August 2020, we completed a public placement of equipment notes in an aggregate principal amount of $115 million bearing interest at a rate of 8.00% per annum. These equipment notes are secured by the 25 Airbus A321 aircraft included in the collateral pool of our 2019-1 Series AA and Series A offerings completed in November 2019. Principal and interest are payable semi-annually.
2020-1 Equipment Notes
In August 2020, we completed a public placement of equipment notes in an aggregate principal amount of $808 million secured by 24 Airbus A321 aircraft. The equipment notes were issued in two series: (i) Series A, bearing interest at the rate of 4.00% per annum in the aggregate principal amount equal to $636 million, and (ii) Series B, bearing interest at the rate of 7.75% per annum in the aggregate principal amount equal to $172 million. Principal and interest are payable semi-annually.
Fixed Rate Equipment Notes, Due Through 2028
In 2018 and 2019, we issued fixed rate equipment notes of $567 million and $219 million, respectively. In 2022, we prepaid approximately $11 million of debt on fixed rate equipment notes. These notes mature on an aircraft-by-aircraft basis from September 2022 through December 2028 and as of December 31, 2025 are secured by 12 Airbus aircraft.
Floating Rate Equipment Notes, Issued in 2024
In 2024, we issued $662 million in floating rate equipment notes. Debt incurred matures on an aircraft-by-aircraft basis from December 2027 through November 2036, with principal and interest payable quarterly in arrears.
Aircraft Failed Sale-Leaseback Transactions, Issued in 2024
In 2024, we entered into $668 million of aircraft failed sale-leaseback transactions. Debt incurred under these failed sale-leasebacks matures on an aircraft-by-aircraft basis from January 2034 through December 2036. These sale-leasebacks did not qualify as sales for accounting purposes. The assets associated with these transactions remain on our consolidated balance sheets within property and equipment and the related liabilities under the lease are classified within debt and finance lease obligations. These transactions are treated as cash from financing activities on our consolidated statements of cash flows.
TrueBlue® Financings
TrueBlue® Senior Secured Notes
In August 2024, JetBlue and JetBlue Loyalty, LP ("Loyalty LP" and, together with the Company, the "TrueBlue® Issuers") co-issued $2.0 billion aggregate principal amount of senior secured notes due 2031 (the "TrueBlue® Notes"). The TrueBlue® Notes bear interest at a rate of 9.875% per annum, in each case payable quarterly in arrears beginning in December 2024. The TrueBlue® Notes are scheduled to mature in September 2031, unless earlier redeemed or repurchased by the TrueBlue® Issuers.
The TrueBlue® Notes were issued under an indenture (the "TrueBlue® Indenture"), dated as of August 27, 2024, by and among the TrueBlue® Issuers, the guarantors party thereto (the "Guarantors") and Wilmington Trust, National Association, as trustee. The TrueBlue® Notes were sold pursuant to a purchase agreement, dated August 13, 2024, by and among the TrueBlue® Issuers, the Guarantors and Goldman Sachs & Co. LLC and Barclays Capital Inc., as representatives of the several initial purchasers identified therein.
The TrueBlue® Notes are fully and unconditionally guaranteed on a senior secured basis, jointly and severally, by each of the Guarantors. The TrueBlue® Notes and the TrueBlue® Note guarantees are secured, together with all outstanding obligations
under the TrueBlue® Term Loan Facility (as defined below), by a first lien on certain collateral in connection with the Company's customer loyalty program, TrueBlue® (the "Collateral").
At any time prior to August 27, 2027, the TrueBlue® Issuers may redeem the TrueBlue® Notes, in whole or in part, at a price equal to 100% of the principal amount thereof, plus an applicable "make-whole" premium. On or after August 27, 2027, the TrueBlue® Issuers may redeem the TrueBlue® Notes, in whole or in part, at the applicable redemption prices described in the Indenture. No sinking fund is provided for the TrueBlue® Notes, which means the TrueBlue® Issuers are not required to set aside funds periodically for redemption or retirement of the TrueBlue® Notes. Upon the occurrence of certain circumstances, the TrueBlue® Issuers will prepay a pro rata portion of the TrueBlue® Notes.
The TrueBlue® Indenture contains customary affirmative, negative and financial covenants including compliance with certain debt service coverage ratios and minimum liquidity requirements as well as events of default. In the case of an event of default with respect to the TrueBlue® Issuers and/or the Guarantors arising from specified events of bankruptcy or insolvency, all outstanding TrueBlue® Notes will become due and payable immediately without further action or notice.
TrueBlue® Senior Secured Term Loan Facility
As previously disclosed, in August 2024, the Company and Loyalty LP entered into a senior secured term loan credit and guaranty agreement among the Company and Loyalty LP, as co-borrowers, the Guarantors, the lenders party thereto, Barclays Bank PLC, as administrative agent, and Wilmington Trust, National Association, as collateral administrator, for a $765 million senior secured term loan facility (the "TrueBlue® Term Loan Facility") due 2029. The TrueBlue® Term Loan Facility is guaranteed by the Guarantors and secured, on a pari passu basis with the TrueBlue® Notes, by the Collateral. The loans under the TrueBlue® Term Loan Facility bear interest at a variable rate equal to Term SOFR plus an applicable margin (subject to a Term SOFR floor), or another index rate plus an applicable margin.
On February 28, 2025, the Company entered into the First Amendment to the TrueBlue® Term Loan Facility, which amended the interest rate to SOFR plus an applicable margin of 4.75%.
The TrueBlue® Term Loan Facility also contains mandatory prepayment provisions, which may require the co-borrowers, in certain instances, to prepay obligations owed under the TrueBlue® Term Loan Facility or other priority lien debt in connection with, among other things, dispositions of collateral or a change of control. Any prepayment of the loans under the TrueBlue® Term Loan Facility prior to the maturity date (other than as a result of an early amortization event, an event of default or certain other mandatory prepayment events thereunder) may require the TrueBlue® Issuers to pay a prepayment premium.
The TrueBlue® Term Loan Facility contains covenants and events of default substantially similar to those applicable to the TrueBlue® Notes, including a cross-default to other material indebtedness including the TrueBlue® Notes.
Federal Payroll Support Programs, Due Through 2031
As a result of the adverse economic impact of COVID-19, in 2020 and 2021 we received assistance under various payroll support programs provided by the federal government.
CARES Act – Payroll Support Program
On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). Under the CARES Act, assistance was made available to the aviation industry in the form of direct payroll support (the "Payroll Support Program") and secured loans (the "Loan Program").
On April 23, 2020, we entered into a Payroll Support Program Agreement (the "PSP Agreement") under the CARES Act with the United States Department of the Treasury ("Treasury") governing our participation in the Payroll Support Program. Under the Payroll Support Program, Treasury provided us with a total of approximately $963 million (the "Payroll Support Payments") consisting of $704 million in grants and $259 million in unsecured term loans. The loans have a 10-year term and bear interest on the principal amount outstanding at an annual rate of 1.00% until April 23, 2025, and the applicable SOFR plus 2.00% thereafter until April 23, 2030. The principal amount may be repaid at any time prior to maturity at par. As part of the agreement, JetBlue issued to Treasury warrants to acquire more than 2.7 million shares of our common stock under the program at an exercise price of $9.50 per share.
Consolidated Appropriations Act – Payroll Support Program 2
On January 15, 2021, we entered into a Payroll Support Program Extension Agreement (the "PSP Extension Agreement") with Treasury governing our participation in the federal Payroll Support Program for passenger air carriers under the United
States Consolidated Appropriations Act, 2021 (the "Payroll Support Program 2"). Treasury provided us with a total of approximately $580 million (the "Payroll Support 2 Payments") under the program, consisting of $436 million in grants and $144 million in unsecured term loans, with funding received on January 15, 2021, March 5, 2021 and April 29, 2021. The loans have a 10-year term and bear interest on the principal amount outstanding at an annual rate of 1.00% until January 15, 2026, and the applicable SOFR plus 2.00% thereafter until January 15, 2031. In consideration for the Payroll Support 2 Payments, we issued warrants to purchase approximately 1.0 million shares of our common stock to Treasury at an exercise price of $14.43 per share.
American Rescue Plan Act – Payroll Support Program 3
On May 6, 2021, we entered into a Payroll Support 3 Agreement (the "PSP3 Agreement") with Treasury governing our participation in the federal payroll support program for passenger air carriers under Section 7301 of the American Rescue Plan Act of 2021 (the "Payroll Support Program 3"). Treasury provided us with a total of approximately $541 million (the "Payroll Support 3 Payments") under the program, consisting of $409 million in grants and $132 million in unsecured term loans. The loans have a 10-year term and bear interest on the principal amount outstanding at an annual rate of 1.00% until May 6, 2026, and the applicable SOFR plus 2.00% thereafter until May 6, 2031. In consideration for the Payroll Support 3 Payments, we issued warrants to purchase approximately 0.7 million shares of our common stock to Treasury at an exercise price of $19.90 per share.
The warrants associated with each of the payroll support programs described above will expire 5 years after issuance and will be exercisable either through net cash settlement or net share settlement, at our option, in whole or in part at any time.
Our funding from all payroll support grants were fully utilized as of December 31, 2021.
0.50% Convertible Senior Notes, Due Through 2026
In March 2021, we completed a private offering for $750 million of 0.50% convertible notes due 2026. The notes are general senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all of our indebtedness and other liabilities. The net proceeds from this offering were approximately $734 million.
Holders of the notes may convert them into shares of our common stock subsequent to June 30, 2021 but prior to January 1, 2026 only under certain circumstances (such as upon the satisfaction of the sale price condition, the satisfaction of the trading price condition, notice of redemption, or specified corporate events) and thereafter at any time at a rate of 38.5802 shares of common stock per $1,000 principal amount of notes, which corresponds to an initial conversion price of approximately $25.92 per share. The conversion rate is subject to adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of certain stock dividends on common stock, the issuance of certain rights or warrants, subdivisions, combinations, distributions of capital stock, indebtedness or assets, cash dividends, and certain issuer tender or exchange offers.
On or after January 1, 2026 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert their notes at any time, regardless of the foregoing circumstances.
Upon conversion, the notes will be settled in cash up to the aggregate principal amount of the notes to be converted and, at our election, in shares of our common stock, cash or a combination of cash and shares of our common stock in respect of the remainder, if any, of our conversion obligation.
We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100% of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders.
We evaluated the conversion feature of this note offering for embedded derivatives in accordance with ASC 815, Derivatives and Hedging, and the substantial premium model in accordance with ASC 470, Debt. Based on our assessment, separate accounting for the conversion feature of this note offering is not required.
A portion of the net proceeds from the issuance of the 2.50% convertible senior notes, described in the section below, were used to retire $425 million of our existing 0.50% convertible senior notes, due 2026. As a result of this retirement, we
recognized a gain on debt extinguishment of $22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations.
For 2025, the effective interest rate of the 0.50% convertible senior notes was 0.50%. Interest expense recognized in 2025 was $3 million, of which $2 million was related to the amortization of debt issuance costs and $1 million was due to contractual interest expense. Interest expense recognized in 2024 was $6 million, of which $3 million was related to the amortization of debt issuance costs and $3 million was due to contractual interest expense. Interest expense recognized in 2023 was $7 million, of which $3 million was related to the amortization of debt issuance costs and $4 million was due to contractual interest expense.
The following table provides information relating to the principal amount and unamortized debt issuance costs of the 0.50% Convertible Senior Notes (in millions):
December 31, 2025December 31, 2024
Principal amount$325 $325 
Less: Unamortized debt issuance costs— 2 
Net carrying amount $325 $323 
2.50% Convertible Senior Notes, Due through 2029
In August 2024, we issued $460 million of 2.50% convertible senior notes due in September 2029, consisting of an initial $400 million offering and a subsequent $60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries.
Holders of the notes may convert them into shares of our common stock subsequent to December 31, 2024 but prior to June 1, 2029 only under certain enumerated circumstances, such as upon the satisfaction of the sale price condition, the satisfaction of the trading price condition, notice of redemption, or specified corporate events. The initial conversion rate of 163.3987 shares of common stock per $1,000 principal amount of notes, corresponds to an initial conversion price of approximately $6.12 per share. The conversion rate is subject to adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of certain stock dividends on common stock, the issuance of certain rights or warrants, subdivisions, combinations, distributions of capital stock, indebtedness or assets, cash dividends and certain issuer tender or exchange offers.
On or after June 1, 2029 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert their notes at any time, regardless of the foregoing circumstances.
Upon conversion, the notes will be settled in cash up to the aggregate principal amount of the notes to be converted and, at our election, in shares of our common stock, cash or a combination of cash and shares of our common stock in respect of the remainder, if any, of our conversion obligation.
We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100% of their principal amount, plus accrued and unpaid interest at any time on or after September 1, 2027 until the 45th scheduled trading day before the maturity date, under certain circumstances. Additionally, holders may under specified conditions, have the right to require the Company to repurchase all or a portion of the notes for a cash price equal to 100% of the principal amount of the notes to be repurchased plus accrued and unpaid interest, if any.
We have evaluated the conversion feature of this note offering for embedded derivatives in accordance with ASC 815, Derivatives and Hedging, and ASC 470, Debt. Based on our assessment, separate accounting for the conversion feature of this note offering is not required.
For 2025, the effective interest rate of the $460 million 2.50% convertible senior notes was 2.54%. With respect to these notes, for the year ended December 31, 2025, we recognized interest expense of $14 million, of which $2 million was due to the amortization of debt issuance costs and $12 million was due to contractual interest expense. Interest expense recognized in 2024 was $5 million, of which $1 million was related to the amortization of debt issuance costs and $4 million was due to contractual interest expense.
The following table provides information relating to the principal amount and unamortized debt issuance costs of the 2.50% Convertible Senior Notes (in millions):
December 31, 2025December 31, 2024
Principal amount$460 $460 
     Less: Unamortized debt issuance costs8 10 
Net carrying amount $452 $450 
General Debt Matters
In 2025, we made principal payments of $461 million on our outstanding debt and finance lease obligations.
As of December 31, 2025, we were in compliance with the covenants of our debt and lease agreements.
We did not record any gain or loss on debt extinguishments in 2025. In 2024, we recognized a $22 million gain on the early extinguishment of debt. In 2023, debt payoffs resulted in immaterial extinguishment expense.
Maturities of our debt and finance leases, net of debt issuance costs, for the next five years are as follows (in millions):
Maturities
2026$755 
2027411 
2028516 
20291,768 
2030589 
Thereafter4,459 
As of December 31, 2025, aircraft, engines, intangible assets, other equipment, and facilities with a net book value of $7.3 billion were pledged as security under various financing arrangements. Cash payments for interest related to debt and finance lease obligations, less interest income cash receipts, were $427 million, $230 million, and $80 million in 2025, 2024, and 2023, respectively.
Fair Value of Debt
The carrying amounts and estimated fair values of our long-term debt, net of debt issuance costs, at December 31, 2025 and 2024 were as follows (in millions):
December 31, 2025
December 31, 2024
Carrying Value
Estimated Fair Value (1)
Carrying Value
Estimated Fair Value (1)
Total Debt$8,498 $7,829 $8,539 $8,337 
(1) The estimated fair values of our publicly held long-term debt are classified as Level 2 in the fair value hierarchy. The fair values of our non-public debt are estimated using a discounted cash flow analysis based on our borrowing rates for instruments with similar terms and therefore classified as Level 3 in the fair value hierarchy. Refer to Note 13 for an explanation of the fair value hierarchy structure.
Short-term Borrowings
Citibank Line of Credit
As previously disclosed, on October 21, 2022, JetBlue entered into the $600 million Second Amended and Restated Credit and Guaranty Agreement (the "Facility"), among JetBlue, Citibank N.A., as administrative agent, and the lenders party thereto. This line of credit bears interest at a rate equal to the Alternate Base Rate ("ABR") plus a margin, or SOFR plus a margin.
On July 29, 2024, the Company entered into the Second Amendment to the Second Amended and Restated Credit and Guaranty Agreement, which modifies the Facility to, among other things, (i) extend the final maturity of the Facility to October 21, 2029; provided that if the Company's 0.50% convertible senior notes due 2026 were not extended, refinanced or paid off, subject to a specified minimum outstanding principal amount thereof, then the Facility expiration will be automatically shortened to December 31, 2025; (ii) adjust the margin and the minimum liquidity requirements of the Company; (iii) replace the sustainability adjustment mechanism; (iv) allow for certain additions of eligible collateral; and (v) remove provisions relating to the terminated merger agreement with Spirit Airlines, Inc. ("Spirit").
On October 27, 2025, we entered into an agreement with Citibank, N.A. to hold funds required to meet the specified minimum outstanding principal amount in escrow in order to maintain the Facility expiration date of October 21, 2029. The escrow account was funded with the required amount of $100 million prior to December 31, 2025, satisfying the requirements under the amended Facility.
As of and for the years ended December 31, 2025 and 2024, we did not have a balance outstanding or any borrowings under the Facility.
Morgan Stanley Line of Credit
We have a revolving line of credit with Morgan Stanley for up to approximately $200 million. This line of credit is secured by a portion of our investment securities held by Morgan Stanley and the amount available to us under this line of credit may vary accordingly. This line of credit bears interest at a floating rate based upon LIBOR (or such replacement index as the bank shall determine from time to time in accordance with the terms of the agreement), plus a margin. As of and for the years ended December 31, 2025 and 2024, we did not have a balance outstanding or any borrowings under this line of credit.
v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
Operating lease assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. When available, we use the rate implicit in the lease to discount lease payments to present value. For leases that do not provide a readily determinable implicit rate, we estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement.
Leases with a term of 12 months or less are not recorded on the balance sheet. Our lease agreements do not contain any residual value guarantees. For facility leases, we account for the lease and non-lease components as a single lease component.
The table below presents the lease-related assets and liabilities recorded on our consolidated balance sheets as of December 31, 2025 and 2024 (in millions):
As of December 31,
20252024
AssetsClassification on Balance Sheet
Operating lease assetsOperating lease assets$868 $550 
Finance lease assetsProperty and equipment, net444 115 
Total lease assets$1,312 $665 
LiabilitiesClassification on Balance Sheet
Current:
Operating lease liabilitiesCurrent operating lease liabilities$79 $93 
Finance lease liabilitiesCurrent maturities of long-term debt and finance lease obligations79 15 
Long-term:
Operating lease liabilitiesLong-term operating lease liabilities839 510 
Finance lease liabilitiesLong-term debt and finance lease obligations370 101 
Total lease liabilities$1,367 $719 
As of December 31,
20252024
Weighted average remaining lease term (in years)
Operating leases148
Finance leases67
Weighted average discount rate
Operating leases7.0 %7.1 %
Finance leases6.3 %5.8 %
Flight Equipment Leases
We operated a fleet of 288 aircraft as of December 31, 2025. Of our fleet, 10 aircraft were accounted for as operating leases and three were accounted for as finance leases. These aircraft leases generally have long durations. The remaining terms on these leases as of December 31, 2025 are one month to three years. As of December 31, 2025, we had 34 and 41 spare engines accounted for as finance leases and operating leases, respectively.
The Company completed eight and two engine sale-leaseback transactions for the years ended December 31, 2025 and 2024, respectively, which resulted in a gain of $84 million and $17 million, which is included within other operating expenses on our consolidated statements of operations. These sale-leasebacks are accounted for as operating leases and are included in operating lease assets and operating lease liabilities on our consolidated balance sheets. There were no sale-leaseback transactions for the year ended December 31, 2023.
Facility Leases
Our facility leases are primarily for space at the airports we serve. These leases are classified as operating leases and reflect our use of passenger terminal service facilities consisting of ticket counters, gate space, operations support area, and baggage service offices. We lease space directly or indirectly from the local airport authority on varying terms dependent on prevailing practices at each airport. The remaining terms of our airport leases vary from two months to 17 years. Our leases at certain airports contain provisions for periodic adjustments of rental rates based on the operating costs of the airports or the frequency of use of the facilities. Some of these leases also include renewal options and/or termination options that are factored into our determination of lease payments when appropriate. Because of the variable nature of the rates, these leases are not recorded as operating lease assets and operating lease liabilities on our consolidated balance sheets.
We also have leases for our corporate offices, training center, and various hangars and airport support facilities at our focus cities.
Other Ground and Property Equipment
We lease certain IT assets, ground support equipment, and various other pieces of equipment. The lease terms of our ground support equipment are less than 12 months. The amount of other equipment we have is not significant.
Lease Costs
The table below presents certain information related to our lease costs during the years ended December 31, 2025, 2024, and 2023 (in millions):
202520242023
Operating lease cost$133 $139 $167 
Short-term lease cost5 5 2 
Finance lease cost:
Amortization of assets27 7 — 
Interest on lease liabilities16 3 — 
Variable lease cost594 607 614 
Sublease income(20)(23)(20)
Total net lease cost$755 $738 $763 
Other Information
The table below presents supplemental cash flow information related to leases during the years ended December 31, 2025, 2024, and 2023 (in millions):
202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$155 $162 $168 
Operating cash flows for finance leases16 3 — 
Financing cash flows for finance leases67 6 2 
Lease Commitments
The table below presents scheduled future minimum lease payments for operating and finance leases recorded on our consolidated balance sheets, as of December 31, 2025 (in millions):
As of December 31, 2025
Operating LeasesFinance Leases
2026$139 $105 
2027128 60 
2028110 60 
202989 60 
203084 60 
Thereafter938 219 
Total minimum lease payments$1,488 $564 
Less: amount of lease payment representing interest(570)(115)
Present value of future minimum lease payment$918 $449 
Less: current obligations under leases(79)(79)
Long-term lease obligations$839 $370 
Leases Leases
Operating lease assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. When available, we use the rate implicit in the lease to discount lease payments to present value. For leases that do not provide a readily determinable implicit rate, we estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement.
Leases with a term of 12 months or less are not recorded on the balance sheet. Our lease agreements do not contain any residual value guarantees. For facility leases, we account for the lease and non-lease components as a single lease component.
The table below presents the lease-related assets and liabilities recorded on our consolidated balance sheets as of December 31, 2025 and 2024 (in millions):
As of December 31,
20252024
AssetsClassification on Balance Sheet
Operating lease assetsOperating lease assets$868 $550 
Finance lease assetsProperty and equipment, net444 115 
Total lease assets$1,312 $665 
LiabilitiesClassification on Balance Sheet
Current:
Operating lease liabilitiesCurrent operating lease liabilities$79 $93 
Finance lease liabilitiesCurrent maturities of long-term debt and finance lease obligations79 15 
Long-term:
Operating lease liabilitiesLong-term operating lease liabilities839 510 
Finance lease liabilitiesLong-term debt and finance lease obligations370 101 
Total lease liabilities$1,367 $719 
As of December 31,
20252024
Weighted average remaining lease term (in years)
Operating leases148
Finance leases67
Weighted average discount rate
Operating leases7.0 %7.1 %
Finance leases6.3 %5.8 %
Flight Equipment Leases
We operated a fleet of 288 aircraft as of December 31, 2025. Of our fleet, 10 aircraft were accounted for as operating leases and three were accounted for as finance leases. These aircraft leases generally have long durations. The remaining terms on these leases as of December 31, 2025 are one month to three years. As of December 31, 2025, we had 34 and 41 spare engines accounted for as finance leases and operating leases, respectively.
The Company completed eight and two engine sale-leaseback transactions for the years ended December 31, 2025 and 2024, respectively, which resulted in a gain of $84 million and $17 million, which is included within other operating expenses on our consolidated statements of operations. These sale-leasebacks are accounted for as operating leases and are included in operating lease assets and operating lease liabilities on our consolidated balance sheets. There were no sale-leaseback transactions for the year ended December 31, 2023.
Facility Leases
Our facility leases are primarily for space at the airports we serve. These leases are classified as operating leases and reflect our use of passenger terminal service facilities consisting of ticket counters, gate space, operations support area, and baggage service offices. We lease space directly or indirectly from the local airport authority on varying terms dependent on prevailing practices at each airport. The remaining terms of our airport leases vary from two months to 17 years. Our leases at certain airports contain provisions for periodic adjustments of rental rates based on the operating costs of the airports or the frequency of use of the facilities. Some of these leases also include renewal options and/or termination options that are factored into our determination of lease payments when appropriate. Because of the variable nature of the rates, these leases are not recorded as operating lease assets and operating lease liabilities on our consolidated balance sheets.
We also have leases for our corporate offices, training center, and various hangars and airport support facilities at our focus cities.
Other Ground and Property Equipment
We lease certain IT assets, ground support equipment, and various other pieces of equipment. The lease terms of our ground support equipment are less than 12 months. The amount of other equipment we have is not significant.
Lease Costs
The table below presents certain information related to our lease costs during the years ended December 31, 2025, 2024, and 2023 (in millions):
202520242023
Operating lease cost$133 $139 $167 
Short-term lease cost5 5 2 
Finance lease cost:
Amortization of assets27 7 — 
Interest on lease liabilities16 3 — 
Variable lease cost594 607 614 
Sublease income(20)(23)(20)
Total net lease cost$755 $738 $763 
Other Information
The table below presents supplemental cash flow information related to leases during the years ended December 31, 2025, 2024, and 2023 (in millions):
202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$155 $162 $168 
Operating cash flows for finance leases16 3 — 
Financing cash flows for finance leases67 6 2 
Lease Commitments
The table below presents scheduled future minimum lease payments for operating and finance leases recorded on our consolidated balance sheets, as of December 31, 2025 (in millions):
As of December 31, 2025
Operating LeasesFinance Leases
2026$139 $105 
2027128 60 
2028110 60 
202989 60 
203084 60 
Thereafter938 219 
Total minimum lease payments$1,488 $564 
Less: amount of lease payment representing interest(570)(115)
Present value of future minimum lease payment$918 $449 
Less: current obligations under leases(79)(79)
Long-term lease obligations$839 $370 
v3.25.4
Stockholders' Equity
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
As of December 31, 2025, we had a total of 19.2 million shares of common stock reserved for issuance. These shares are primarily related to our equity incentive plans. Refer to Note 7 for further details on our share-based compensation.
As of December 31, 2025, we had a total of 161.8 million shares of treasury stock.
The treasury stock reflected on our consolidated statement of cash flows and consolidated statement of stockholders' equity for the year ended December 31, 2025 represents the return of shares to satisfy tax payments associated with crewmember stock compensation that vested during the period.
v3.25.4
Loss Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Loss Per Share Loss Per Share
Basic income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares outstanding. Diluted income per share is calculated similarly but includes potential dilution from restricted stock units, the crewmember stock purchase plan, convertible notes, warrants issued under various federal payroll support programs, and any other potentially dilutive instruments using the treasury stock and if converted method.
Anti-dilutive common stock equivalents excluded from the computation of diluted loss per share amounts were 7.4 million, 4.4 million, and 2.0 million for the years ended December 31, 2025, 2024, and 2023, respectively.
The following table shows how we computed basic and diluted loss per common share for the years ended December 31 (dollars and share data in millions):
202520242023
Net loss$(602)$(795)$(310)
Weighted average basic shares362.1 346.0 332.9 
Effect of dilutive securities— — — 
Weighted average diluted shares362.1 346.0 332.9 
Loss per common share
Basic $(1.66)$(2.30)$(0.93)
Diluted$(1.66)$(2.30)$(0.93)
v3.25.4
Share-Based Compensation
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
We have various equity incentive plans under which we have granted stock awards to our eligible crewmembers and members of our Board of Directors ("Board"). For the years ended 2025, 2024, and 2023, stock awards were granted under the JetBlue Airways Corporation 2020 Omnibus Equity Incentive Plan, ("2020 Plan").
Unrecognized stock-based compensation expense was approximately $37 million as of December 31, 2025. This amount relates to a total of 10.7 million in unvested restricted stock units ("RSUs"), performance stock units ("PSUs"), and deferred stock units ("DSUs") that were outstanding under our 2020 Plan. We expect to recognize this stock-based compensation expense over a weighted average period of approximately 20 months.
The total stock-based compensation expense, which is included within salaries, wages and benefits on our consolidated statements of operations, for the years ended December 31, 2025, 2024, and 2023 was $40 million, $39 million, and $39 million, respectively.
2020 Omnibus Equity Incentive Plan
On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team.
The following is a summary of RSU activity under the 2020 Plan for the year ended December 31, 2025 (in millions except per share data):
Shares Weighted Average Grant Date Fair Value
Nonvested at beginning of year7 $7.41 
Granted6 5.94 
Vested(4)7.81 
Forfeited(1)6.48 
Nonvested at end of year8 $6.37 
The total intrinsic value, determined as of the date of vesting, for all RSUs under the 2020 Plan that vested during the year ended December 31, 2025 was $22 million.
No DSUs were granted during the year ended December 31, 2025. During the years ended December 31, 2024, and 2023, we granted a nominal amount of DSUs. The vesting period for DSUs under the 2020 Plan is either one or three years of service. Once vested, shares are issued six months and one day following a Director's departure from the Board. 
In 2025, 2024, and 2023, we granted 2.5 million, 1.5 million, and 1.8 million, respectively, of PSUs to certain members of our leadership team, payment of which is based upon achievements of certain performance criteria.
Crewmember Stock Purchase Plans
Additionally, we have our JetBlue Airways Corporation Crewmember Stock Purchase Plan ("CSPP"), which our stockholders approved in May 2020, that is available to all eligible crewmembers.
At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030.
Our CSPP has a series of six-month offering periods, with a new offering period beginning on the first business day of May and November each year. Crewmembers can enroll in the CSPP nearly year-round, with the exception of specific blackout dates. Enrollment is effective at the start of the next offering period. Crewmembers may contribute up to 10% of their pay towards the purchase of common stock via payroll deductions. Purchase dates occur on the last business day of April and October each year. The purchase price is the closing stock price on the day before the purchase date, less a 15% discount. The compensation cost relating to the discount is recognized over the offering period. The total expense recognized relating to our CSPP for the years ended December 31, 2025, 2024, and 2023, respectively, was approximately $9 million, $11 million, and $9 million. Under the plan, crewmembers purchased 14.8 million, 12.2 million, and 11.2 million new shares for the years ended December 31, 2025, 2024, and 2023, respectively, at weighted average prices of $3.54, $4.90, and $4.67 per share, respectively.
Under the CSPP, should we be acquired by merger or sale of substantially all of our assets, or by sale of more than 50% of our outstanding voting securities, all outstanding purchase rights will automatically be exercised immediately prior to the effective date of the acquisition at a price equal to 85% of the fair market value per share immediately prior to the acquisition.
Taxation
The Compensation-Stock Compensation topic of the FASB Codification requires deferred taxes be recognized on temporary differences that arise with respect to stock-based compensation attributable to nonqualified stock options and awards. However, no tax benefit is recognized for stock-based compensation attributable to incentive stock options, or CSPP shares until there is a disqualifying disposition, if any, for income tax purposes. A portion of our historical stock-based compensation was attributable to CSPP shares; therefore, our effective tax rate was subject to fluctuation.
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our income tax benefit (expense) consisted of the following for the years ended December 31 (in millions):
202520242023
Deferred:
Federal$158 $93 $43 
State25 28 6 
Foreign— (11)(22)
Deferred income tax benefit183 110 27 
Current:
Federal— — 1 
State(3)— 1 
Foreign(8)(8)(5)
Current income tax expense(11)(8)(3)
Total income tax benefit$172 $102 $24 
On March 27, 2020, the CARES Act was enacted in response to the COVID-19 pandemic. The CARES Act permits net operating loss ("NOL") carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. As of December 31, 2025, the Company has filed an application for refund.
Our income tax benefit reconciles to the amount computed below by applying the U.S. federal statutory income tax rate to our loss before income taxes for the years ended December 31 as follows (in millions):
202520242023
Income tax benefit at statutory rate$163 21.0 %$188 21.0 %$70 21.0 %
State income tax, net of federal benefit (a)
          New York City12 1.6 %13 1.5 %4 1.2 %
          Other states11 1.4 %15 1.7 %3 0.9 %
Foreign income tax effects
     Puerto Rico
          Changes in valuation allowance105 13.6 %(15)(1.7)%(4)(1.2)%
          Tax holiday(61)(7.9)%— — %— — %
          Other— — %11 1.2 %(4)(1.2)%
     Other Foreign Countries(8)(1.0)%(20)(2.2)%(37)(11.1)%
Tax Credits
     Tax holiday(44)(5.7)%— — %— — %
     Other(1)(0.1)%3 0.3 %22 6.6 %
Changes in valuation allowances11 1.4 %(87)(9.7)%(15)(4.2)%
Nontaxable or nondeductible items(12)(1.6)%(13)(1.5)%(14)(4.5)%
Other, net(4)(0.4)%7 0.7 %(1)(0.3)%
Total income tax benefit$172 22.3 %$102 11.3 %$24 7.2 %
(a) The majority (greater than 50%) of state and local income tax impact relates to New York City and New York State.
During 2025 the government of Puerto Rico granted a tax holiday that exempts the Company from income tax in Puerto Rico for a period of 15 years. The tax holiday is renewable indefinitely based on a simple administrative procedure, and management intends to renew the tax holiday for the foreseeable future. As a result, we have removed the deferred tax attributes and valuation allowance related to Puerto Rico from the Company's income tax reporting.
The components of our deferred tax assets and liabilities as of December 31 are as follows (in millions):
20252024
Deferred tax assets:
Deferred revenue/gains$262 $242 
Employee benefits105 106 
Foreign tax credit— 44 
Other credits14 13 
Net operating loss carryforward1,218 1,082 
Interest expense limitation carryforward181 110 
Operating lease liabilities240 145 
Rent expense4 12 
Capital loss carryforward110 125 
Sec. 174 research activities38 34 
Other17 18 
Total deferred tax assets2,189 1,931 
Valuation allowance(133)(238)
Deferred tax assets, net2,056 1,693 
Deferred tax liabilities:
Property and equipment(2,233)(2,168)
Operating lease assets(227)(131)
Other(43)(27)
Total deferred tax liabilities(2,503)(2,326)
Net deferred tax liability$(447)$(633)
As of December 31, 2025, we have total tax effected NOL carryforwards of $1.2 billion. The federal NOLs of $1 billion have an indefinite life. We also have state and foreign NOLs of $183 million and $9 million, respectively, from various taxing jurisdictions which, if go unused will start to expire in 2026 through 2045. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods.
In evaluating the realizability of the deferred tax assets, we assess whether it is more likely than not that some portion, or all, of the deferred tax assets, will be realized. We consider, among other things, the generation of future taxable income (including reversals of deferred tax liabilities) during the periods in which the related temporary differences will become deductible. At December 31, 2025, we provided a $133 million valuation allowance to reduce the deferred tax assets to an amount that we consider is more likely than not to be realized. Of the total valuation allowance, $9 million relates to foreign NOL carryforward that begins to expire in 2026, $14 million relates to state NOL carryforward that begins to expire in 2026, and $110 million relates to capital loss carryforwards.
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
202520242023
Unrecognized tax benefits at January 1, 2025$31 $25 $26 
Increases for tax positions taken during the period1 8 — 
Decreases for tax positions taken during the period(2)(1)(5)
Increases for tax positions taken during a prior period— — 5 
Decreases for tax positions taken during a prior period(1)(1)(1)
Unrecognized tax benefits December 31, 2025$29 $31 $25 
Interest and penalties accrued on unrecognized tax benefits were not significant. If recognized, $9 million of the unrecognized tax benefits as of December 31, 2025 would impact our effective tax rate. We do not expect any significant change in the amount of the unrecognized tax benefits within the next 12 months. As a result of net operating losses and statute of limitations in our major tax jurisdictions, years 2016 through 2020 remain subject to examination by the relevant tax authorities.
A reconciliation of the income taxes paid (net of refunds) is as follows (in millions) for the year ended December 31, 2025:
JurisdictionIncome Taxes Paid (net of refunds)
     U.S. Federal$(1)
     NYC(5)
     Other State— 
     Dominican Republic7 
     Haiti1 
     Puerto Rico(4)
     Other Foreign— 
Total$(2)
v3.25.4
Crewmember Retirement Plan
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Crewmember Retirement Plan Crewmember Retirement Plan
We sponsor a retirement savings 401(k) defined contribution plan, covering our U.S. and Puerto Rico crewmembers, where we match 100% of our eligible crewmember's contributions up to 5% of their eligible wages. Employer contributions vest after three years of service and are measured from a crewmember's hire date. Crewmembers are vested immediately in their voluntary contributions.
In 2022 and 2023, certain Federal Aviation Administration ("FAA") licensed crewmembers received a discretionary contribution of 3% of eligible compensation, which we refer to as Retirement Advantage. As of January 2024, the Retirement Advantage program ended and these licensed Crewmembers now receive a discretionary contribution of 8% of eligible compensation, which we refer to as Retirement Non-elective Licensed Crewmember contributions. System controllers also receive a Company discretionary contribution of 5% of eligible compensation, referred to as Retirement Non-elective Crewmember contributions. The Company's non-elective contributions vest after three years of service.
Our Pilots receive a non-elective Company contribution of 17% of eligible compensation, referred to as Pilot Non-elective contributions, per the terms of the finalized collective bargaining agreement between JetBlue and the Air Line Pilots Association ("ALPA"), in lieu of the above 401(k) Company matching contribution and non-elective contributions. The Company's Pilot Non-elective contributions vest after three years of service.
Total 401(k) company match and non-elective crewmember contributions expense for the years ended December 31, 2025, 2024, and 2023 were $300 million, $264 million, and $271 million, respectively.
v3.25.4
Commitments
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments Commitments
Flight Equipment Commitments
Our committed expenditures for aircraft and related flight equipment as of December 31, 2025, including estimated amounts for contractual price escalations and pre-delivery deposits, are set forth in the table below (in millions):
Flight Equipment Commitments
YearTotal
2026 (1)
$641 
2027302 
2028519 
2029444 
2030398 
Thereafter3,375 
Total$5,679 
(1) Includes obligations for one Airbus A321neo XLR variant aircraft which has been contracted to sell following delivery of the aircraft. The aircraft is anticipated to deliver in the second quarter of 2026.
Our firm aircraft orders include the following aircraft:
Flight Equipment Deliveries
YearAirbus A220
Airbus A321neo (1)
Total
202614 1 15 
20275 — 5 
202811 — 11 
202910 — 10 
20301 3 4 
Thereafter— 41 41 
Total (2)
41 45 86 
(1) Includes one Airbus A321neo XLR variant aircraft which has been contracted to sell following delivery of the aircraft. Refer to the footnote in the Flight Equipment Commitments table above for additional information.
(2) In addition, we have options to purchase 20 A220-300 aircraft in 2027 and 2028.
Embraer E190 Fleet Transition
In 2025, as part of the Company's fleet transition plan, we retired our remaining Embraer E190 aircraft - marking nearly two decades of service and completing our transition to a more cost efficient and customer focused all-Airbus fleet. The Company entered into definitive agreements to sell our remaining owned Embraer E190 fleet, which included 25 airframes and 60 engines. These aircraft sales began in July 2025 and are expected to continue through the second quarter of 2026. In 2025, we sold Embraer E190 airframes, engines, as well as full flight simulators, and recorded a net gain of $32 million related to the E190 fleet transactions, which is included in other operating expenses on our consolidated statements of operations. As of December 31, 2025, we had 11 permanently parked Embraer E190 aircraft, of which eight are owned and three are awaiting lease return.
Held for Sale
As of December 31, 2025 and 2024, we had $138 million and $33 million, respectively, classified as held for sale within prepaid expenses and other in current assets on the consolidated balance sheets. The amounts included in held for sale are primarily related to eight permanently parked Embraer E190 airframes, engines, and related spare parts, as well as Airbus A321neo XLR variant aircraft which are expected to sell within one year.
Refer to Note 13 for information on an impairment recorded in the year ended December 31, 2025 related to assets classified as held for sale.
Other Commitments
We utilize several credit card processors to process our ticket sales. Our agreements with these processors do not contain covenants, but do generally allow the processor to withhold cash reserves to protect the processor from potential liability for tickets purchased, but not yet used for travel. While we currently do not have any collateral requirements related to our credit card processors, we may be required to issue collateral to our credit card processors, or other key business partners, in the future.
As of December 31, 2025, we had $72 million in restricted cash and cash equivalents held as a reserve for principal and interest payments associated with the financing of the TrueBlue® program. We had $100 million in restricted cash and cash equivalents held in escrow related to the Citibank revolving credit facility. We also had $60 million for letters of credit relating to a certain number of our leases, which will expire at the end of the related lease terms as well as a $65 million letter of credit relating to our 5% ownership in JFK Millennium Partners ("JMP"), a private entity that is financing, developing, and operating JFK Terminal 6. The letters of credit are included in restricted cash and cash equivalents on the consolidated balance sheets. Additionally, we had $52 million cash pledged primarily related to funds held for workers compensation obligations and other business partner agreements, which will expire according to the terms of the related agreements.
We have a long-term lease for our primary corporate office in Long Island City until 2039. We have a one-time option to terminate the lease in 2034. At the end of the initial lease term, we have the option to renew the lease for either one renewal term of 10 years, or two renewal terms of five years each. Our lease commitments are $5 million in 2026, $5 million in 2027, $5 million in 2028, and an anticipated lease expenditure of $61 million over the remainder of the term.
Labor Unions and Non-Unionized Crewmembers
As of December 31, 2025, 49% of our active full-time equivalent crewmembers were represented by labor unions. The pilot group, which represents 22% of our active full-time equivalent crewmembers, is covered by a collective bargaining agreement ("CBA"). Negotiations for an amended pilot CBA began in May 2024 and are ongoing.
Our pilots are represented by ALPA. Our inflight crewmembers and flight instructors are represented by the Transport Workers Union ("TWU"); our other frontline crewmembers do not have third party representation.
TWU
On July 14, 2022, TWU filed a representation application with the National Mediation Board ("NMB") seeking an election among the 35 pilot instructors ("Flight Instructors"). JetBlue disputed TWU's application alleging that Flight Instructors do not constitute a craft or class. On October 26, 2023, the NMB notified the participants that it rejected JetBlue's argument and ordered an election. The Flight Instructors voted for TWU representation. Contract negotiations for an initial CBA began in April 2024 and are ongoing.
JetBlue's inflight crewmembers are represented by TWU, with a contract amendable date of December 13, 2026. The option for TWU to initiate negotiations began on January 1, 2025 and is ongoing until the contract amendable date.
In November 2025, TWU filed a petition with the NMB seeking to represent the Company's dispatchers, air traffic system controllers, and system controllers. The NMB has authorized an election which will run from January 15, 2026 through February 26, 2026. The vote is scheduled to be counted on or around February 26, 2026.
IAM
In November 2025, the International Association of Machinists & Aerospace Workers ("IAM") filed a petition with the NMB seeking to represent the Company's ground operations class of employees. The NMB reviewed IAM's submission and determined IAM failed to show it had the required amount of authorization cards to hold an election.
ALPA
In January 2023, JetBlue pilots ratified a two-year contract extension effective March 1, 2023, which included a ratification payment and adjustments to paid-time-off accruals resulting from pay rate increases of $95 million. JetBlue pilots received an additional pay rate increase in August 2024 from this ratification, which resulted in an adjustment to paid time-off accruals of $26 million. These expenses are included within special items on our consolidated statements of operations. In February 2025, the contract became amendable. Contract negotiations formally began in May 2024 and are ongoing.
Non-Unionized Crewmembers
We enter into individual employment agreements with each of our non-unionized FAA-licensed crewmembers which include dispatchers, technicians, inspectors, and air traffic controllers. Each employment agreement is for a term of five years and automatically renews for an additional five years unless either the crewmember or we elect not to renew it by giving at least 90 days' notice before the end of the relevant term. Pursuant to these agreements, these crewmembers can only be terminated for cause. In the event of a downturn in our business that would require a reduction in work hours, we are obligated to pay these crewmembers a guaranteed level of income and to continue their benefits if they do not obtain other aviation employment.
v3.25.4
Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Contingencies Contingencies
We self-insure a portion of our losses from claims related to workers' compensation, environmental issues, property damage, medical insurance for crewmembers, and general liability. Losses are accrued based on an estimate of the ultimate aggregate liability for claims incurred, using standard industry practices and our actual experience.
We are a party to many routine contracts under which we indemnify third parties for various risks. These indemnities consist of the following:
All of our bank loans, including our aircraft mortgages, obligate us to reimburse the bank for any increased costs arising from regulatory changes, including changes in reserve requirements and bank capital requirements; these obligations are standard terms present in loans of this type. These indemnities would increase the interest rate on our debt if they were to be triggered. In all cases, we have the option to repay the loan and avoid the increased costs. These terms match the length of the related loan up to 12 years.
Under both aircraft leases with foreign lessors and aircraft mortgages with foreign lenders, we have agreed to customary indemnities concerning withholding tax law changes. Under these contracts, we are responsible, should withholding taxes be imposed, for paying such amount of additional rent or interest as is necessary so that the lessor or lender still receives, after taxes, the rent stipulated in the lease or the interest stipulated under the loan. The term of these indemnities matches the length of the related lease or loan up to 25 years.
We have various airport leases for our operations as well as various other agreements among airlines relating to fuel consortia or fuel farms at airports. Under these contracts we have agreed to standard language indemnifying the lessor against environmental liabilities associated with the operations described under the agreement, even if we are not the party responsible for the initial event that caused the damage. In the case of fuel consortia at airports, these indemnities are generally joint and several among the participating airlines. We have purchased a standalone environmental liability insurance policy to help mitigate this exposure. Our existing aviation hull and liability policy includes some limited environmental coverage when a cleanup is part of an associated single identifiable covered loss.
Under certain contracts, we indemnify specified parties against legal liability arising out of actions by other parties. The terms of these contracts range up to 25 years. Generally, we have liability insurance protecting ourselves for the obligations we have undertaken relative to these indemnities.
We are unable to estimate the potential amount of future payments under the foregoing indemnities and agreements.
Under a certain number of our operating lease agreements, we are required to restore certain property or equipment to its original form upon expiration of the related agreement. We have recorded the estimated fair value of these retirement obligations of approximately $3 million and $10 million as of December 31, 2025 and 2024, respectively. For leases expiring within one year, the retirement obligation is recorded in other accrued liabilities within current liabilities on the consolidated balance sheets. For leases expiring beyond one year, the retirement obligation is recorded in other within deferred taxes and other liabilities on our consolidated balance sheets.
Legal Matters
Occasionally, we are involved in various claims, lawsuits, regulatory examinations, investigations, and other legal matters involving suppliers, crewmembers, customers, and governmental agencies, arising, for the most part, in the ordinary course of business. The outcome of litigation and other legal matters is always uncertain. The Company believes it has valid defenses to the legal matters currently pending against it, is defending itself vigorously, and has recorded accruals determined in accordance with GAAP, where appropriate. In making a determination regarding accruals, using available information, we evaluate the likelihood of an unfavorable outcome in legal or regulatory proceedings to which we are a party and record a loss contingency when it is probable a liability has been incurred and the amount of the loss can be reasonably estimated. These subjective determinations are based on the status of such legal or regulatory proceedings, the merits of our defenses, and consultation with legal counsel. Actual outcomes of these legal and regulatory proceedings may materially differ from our current estimates. It is possible that resolution of one or more of the legal matters currently pending or threatened could result in losses material to our consolidated results of operations, liquidity, or financial condition.
To date, none of these types of litigation matters, most of which are typically covered by insurance, has had a material impact on our operations or financial condition. We have insured and continue to insure against most of these types of claims. A judgment on any claim not covered by, or in excess of, our insurance coverage could materially adversely affect our consolidated results of operations, liquidity, or financial condition.
In July 2020, JetBlue and American Airlines Group, Inc. ("American") entered into the Northeast Alliance ("NEA"), which was permanently enjoined effective August 18, 2023 following an antitrust action. The wind down of the NEA is substantially complete. The matters described below arise out of, or relate to, the NEA. Both of the matters below, and the matter as disclosed in Note 18 remain subject to uncertainties inherent in litigation.
In December 2022 and February 2023, four putative class actions lawsuits were filed in the United States District Court for the Eastern District of New York ("EDNY") and the United States District Court for the District of Massachusetts, alleging that JetBlue and American violated U.S. antitrust law in connection with the NEA. These cases were consolidated in the EDNY. Among other things, plaintiffs seek injunctive relief and monetary damages on behalf of a claimed putative class of direct purchasers of airline tickets from JetBlue and American and, in certain cases, other airlines on flights to or from NEA airports from July 16, 2020 through the period the NEA was in effect and also to the alleged anticompetitive effects of the defendants' conduct ceases. Fact discovery has commenced and is nearing completion, and plaintiffs must petition the EDNY to certify the putative class they allege was damaged. The Company intends to oppose that class certification, defend the matter vigorously, and continue to believe these lawsuits are without merit. As of December 31, 2025, the potential outcomes of these claims cannot be determined and an estimate of the reasonably possible loss or range of loss, if any, cannot be made.
On April 28, 2025, American filed a lawsuit in the Business Court of Tarrant County, Texas, alleging breach of contract under a revenue-sharing agreement related to the NEA and seeking monetary damages American claims are owed for operations between April 1, 2022 to July 18, 2023. The Company disputes the allegations, believes it has strong defenses to the claims alleged and intends to defend the matter vigorously. As of December 31, 2025, the potential outcomes of these claims cannot be determined and an estimate of the reasonably possible loss or range of loss, if any, cannot be made.
For information on legal proceedings related to our previously planned acquisition of Spirit, see Note 18.
v3.25.4
Financial Derivative Instruments and Risk Management
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Derivative Instruments and Risk Management Financial Derivative Instruments and Risk Management
As part of our risk management strategy, we periodically purchase over the counter energy derivative instruments to manage our exposure to the effect of changes in the price of aircraft fuel. Prices for the underlying commodities have historically been highly correlated to aircraft fuel, making derivatives of them effective at providing short-term protection against sharp increases in average fuel prices. We do not hold or issue any derivative financial instruments for trading purposes.
Aircraft fuel derivatives
We attempt to obtain cash flow hedge accounting treatment for each fuel derivative that we enter into. This treatment is provided for under the Derivatives and Hedging topic of the FASB Codification which allows for gains and losses on the effective portion of qualifying hedges to be deferred until the underlying planned aircraft fuel consumption occurs, rather than recognizing the gains and losses on these instruments into earnings during each period they are outstanding.
For the effective portion of hedges, when aircraft fuel is consumed and the related derivative contract settles, any gain or loss previously recorded in other comprehensive income (loss) is recognized in aircraft fuel expense. All cash flows related to our fuel hedging derivatives are classified as operating cash flows.
Ineffectiveness occurs, in certain circumstances, when the change in the total fair value of the derivative instrument differs from the change in the value of our expected future cash outlays for the purchase of aircraft fuel. If a hedge does not qualify for hedge accounting, the periodic changes in its fair value are recognized in other income (expense).
Our current approach to fuel hedging is to enter into hedges on a discretionary basis. We structure our hedge portfolio to help mitigate the impact of price volatility and protect us against severe spikes in oil prices, when possible.
As of December 31, 2025 and 2024, we did not have any outstanding fuel hedging contracts.
The table below reflects quantitative information related to our derivative instruments and where these amounts are recorded in our financial statements (dollar amounts in millions):
Year Ended December 31,
 202520242023
Fuel derivatives
Hedge effectiveness gains (losses) recognized in aircraft fuel expense
$— $(10)$7 
Hedge (gains) losses on derivatives recognized in comprehensive income (loss)— 6 (1)
Percentage of actual consumption economically hedged— %24 %25 %
Any outstanding derivative instrument exposes us to credit loss in connection with our fuel contracts in the event of nonperformance by the counterparties to our agreements; however, we do not expect that any of our counterparties will fail to meet their obligations. The amount of such credit exposure is generally the fair value of our outstanding contracts for which we are in a receivable position. To manage credit risks, we select counterparties based on credit assessments, limit our overall exposure to any single counterparty, and monitor the market position with each counterparty. Some of our agreements require cash deposits from either JetBlue or our counterparty if market risk exposure exceeds a specified threshold amount.
We have master netting arrangements with our counterparties allowing us the right of offset to mitigate credit risk in derivative transactions. The financial derivative instrument agreements we have with our counterparties may require us to fund all, or a portion of, outstanding loss positions related to these contracts prior to their scheduled maturities. The amount of collateral posted, if any, is periodically adjusted based on the fair value of the hedge contracts. Our policy is to offset the liabilities represented by these contracts with any cash collateral paid to the counterparties.
There were no offsetting derivative instruments as of December 31, 2025 and 2024.
v3.25.4
Fair Value
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
Under Topic 820, Fair Value Measurement of the FASB Codification, disclosures are required about how fair value is determined for assets and liabilities and a hierarchy for which these assets and liabilities must be grouped is established, based on significant levels of inputs as follows:
Level 1 - observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities;
Level 2 - quoted prices in active markets for similar assets and liabilities, and other inputs that are observable directly or indirectly for the asset or liability; or
Level 3 - unobservable inputs for the asset or liability, such as discounted cash flow models or valuations.
The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
The following is a listing of our assets required to be measured at fair value on a recurring basis and where they are classified within the fair value hierarchy as of December 31, 2025 and 2024 (in millions):
As of December 31, 2025
Level 1Level 2Level 3Total
Assets
Cash equivalents$1,628 $18 $— $1,646 
Restricted cash equivalents72 — — 72 
Available-for-sale investment securities— 60 7 67 

As of December 31, 2024
Level 1Level 2Level 3Total
Assets
Cash equivalents$1,921 $— $— $1,921 
Restricted cash equivalents89 — — 89 
Available-for-sale investment securities— 1,609 12 1,621 
Refer to Note 3 for fair value information related to our outstanding debt obligations as of December 31, 2025 and 2024.
Cash equivalents and restricted cash equivalents
Our cash equivalents include money market securities, commercial paper, and time deposits which are readily convertible into cash, have maturities of three months or less when purchased, and are considered to be highly liquid and easily tradable. The money market securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within our fair value hierarchy. The fair value of time deposits and commercial paper is based on observable inputs in non-active markets, which are therefore classified as Level 2 in the hierarchy. Restricted cash equivalents are composed of money market securities held as a reserve for principal and interest payments associated with the financing of the TrueBlue® program.
Available-for-sale investment securities
Our available-for-sale investment securities include investments such as time deposits, commercial paper, and convertible debt securities. The fair value of time deposits and commercial paper is based on observable inputs in non-active markets, which are therefore classified as Level 2 in the hierarchy. The fair value of convertible debt securities is based on unobservable inputs and is classified as Level 3 in the hierarchy.
Held-to-maturity investment securities
Our held-to-maturity investment securities consist of corporate bonds, which are stated at amortized cost. If the corporate bonds were measured at fair value, they would be classified as Level 2 in the fair value hierarchy, based on quoted prices in active markets for similar securities.
We do not intend to sell these investment securities prior to maturity.
The carrying value and estimated fair value of our held-to-maturity investment securities were as follows (in millions):
December 31, 2025December 31, 2024
Carrying ValueFair ValueCarrying ValueFair Value
Held-to-maturity investment securities$464 $464 $404 $400 
Long-Lived Assets Impairment
For the year ended December 31, 2025, we recorded a $13 million impairment loss related to the sale of 20 IAE V2500 spare engines, the sale of one Embraer E190 spare engine and remaining Embraer E190 spare parts classified as held for sale. The fair value of these assets is based on observable inputs in non-active markets and are therefore classified as Level 2 in the fair value hierarchy. The impairment loss was recorded within other operating expenses on our consolidated statements of operations. We did not record any impairment losses for the years ended December 31, 2024 and 2023.
Refer to Note 10 for additional information on our held for sale classification.
v3.25.4
Investments
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Investments in Debt Securities
Investments in debt securities consist of available-for-sale and held-to-maturity investment securities. The carrying amount is recorded within investment securities in the current assets section of our consolidated balance sheets if the remaining maturity is less than twelve months. Maturities greater than twelve months are recorded within investment securities in the other assets section of our consolidated balance sheets. The aggregate carrying values of our short-term and long-term debt investment securities consisted of the following at December 31, 2025 and 2024 (in millions):
December 31, 2025December 31, 2024
Available-for-sale investment securities 
Time deposits$— $1,148 
Commercial paper60 461 
Debt securities7 12 
Total available-for-sale investment securities67 1,621 
Held-to-maturity investment securities
Corporate bonds464 404 
Total held-to-maturity investment securities464 404 
Total investment in debt securities$531 $2,025 
We use the specific identification method to determine the cost of our available-for-sale securities. Refer to Note 13 for an explanation of the fair value hierarchy structure.
Available-for-sale investment securities. We recognized a net unrealized gain of $12 million and $4 million in accumulated other comprehensive income (loss) on the consolidated balance sheets as of December 31, 2025 and 2024, respectively. We recognized a net realized gain of $15 million for the period ending December 31, 2025, and $1 million for periods ending December 31, 2024 and 2023 in gain (loss), net on our consolidated statements of operations.
Held-to-maturity investment securities. We did not record any material gains or losses on these securities during the years ended December 31, 2025, 2024, or 2023.
Equity Investments
The aggregate carrying values of our equity investments are recorded in other assets on the consolidated balance sheets and consist of the following at December 31, 2025 and 2024 (in millions):
December 31, 2025December 31, 2024
Equity method investments (1)
$109 $77 
JetBlue Ventures equity investments (2)
89 84 
TWA Flight Center (3)
13 13 
Total equity investments (4)
$211 $174 
    
(1) We have the ability to exercise significant influence over these investments and therefore they are accounted for using the equity method in accordance with Topic 323, Investments - Equity Method and Joint Ventures of the FASB Codification. Our share of our equity method investees' financial results is included in other income on our consolidated statements of operations.
(2) Our wholly owned subsidiary JetBlue Technology Ventures, LLC ("JBV") has equity investments in emerging companies which do not have readily determinable fair values. In accordance with Topic 321, Investments - Equity Securities of the FASB Codification, we account for these investments using a measurement alternative which allows entities to measure these investments at cost, less any impairment, adjusted for changes from observable price changes in orderly transactions for identifiable or similar investments of the same issuer. Refer to the table below for investment gain (loss) activity during the twelve months ended December 31, 2025, 2024, or 2023.
(3) We have an approximate 10% ownership interest in the TWA Flight Center Hotel at JFK, which is accounted for under the measurement alternative described above. We did not record any material gains or losses on our TWA Flight Center Hotel during the twelve months ended December 31, 2025, 2024, or 2023.
(4) As of December 31, 2025 and 2024, we had an immaterial amount of equity securities recorded within investment securities in the current asset section of our consolidated balance sheets. Our equity securities include investments in common stocks of publicly traded companies which are stated at fair value. Refer to the table below for investment gain (loss) activity during the twelve months ended December 31, 2025, 2024, and 2023 (in millions):
Twelve Months Ended
December 31,
202520242023
JBV Equity Investments
Realized gain (loss) recognized in gain (loss) on investments, net $(4)$(7)$2 
Unrealized gain (loss) recognized in gain (loss) on investments, net (1)
2 (21)— 
Equity Securities
Realized gain recognized in gain (loss) on investments, net— — 4 
Unrealized gain recognized in gain (loss) on investments, net— — 2 
(1) The net unrealized loss in 2024 primarily relates to a mark-to-market adjustment on our preferred shares of one of our JBV equity investments.
v3.25.4
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
Comprehensive income (loss) includes changes in fair value of our aircraft fuel derivatives which qualify for hedge accounting and unrealized gain (loss) on available-for-sale securities. A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the years ended December 31, 2025, 2024, and 2023 is as follows (in millions):
Aircraft Fuel Derivatives (1)
Available-for-sale securitiesTotal
Balance of accumulated income (loss), at December 31, 2022$1 $(1)$— 
Reclassifications into earnings, net of taxes of $2
(5)(1)(6)
Change in fair value, net of taxes of $0
1 1 2 
Balance of accumulated loss, at December 31, 2023$(3)$(1)$(4)
Reclassifications into earnings, net of taxes of $2
8 (1)7 
Change in fair value, net of taxes of $(1)
(5)4 (1)
Balance of accumulated income, at December 31, 2024$— $2 $2 
Reclassifications into earnings, net of taxes of $5
— (15)(15)
Change in fair value, net of taxes of $(4)
— 12 12 
Balance of accumulated loss, at December 31, 2025$— $(1)$(1)
(1) Reclassified to aircraft fuel expense for the years ended December 31, 2024 and 2023. As of December 31, 2025 and 2024, we did not have any outstanding fuel hedging contracts.
v3.25.4
Operating Segments and Geographic Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Operating Segments and Geographic Information Operating Segments and Geographic Information
Operating Segments
JetBlue has one reportable operating segment, air transportation services. Air transportation services accounted for substantially all of the Company's operations in 2025, 2024, and 2023. We provide air transportation services across the United States, the Caribbean, Latin America, Canada, and Europe and manage the business activities on a consolidated basis. The accounting policies of the air transportation services segment are described in Note 1 - Summary of Significant Accounting Policies.
JetBlue's chief operating decision maker ("CODM") is our executive leadership team, which includes our Chief Executive Officer, President, Chief Financial Officer, and Chief Operating Officer. The CODM assesses performance for the air transportation segment which includes our loyalty program, and decides how to allocate resources based on net income (loss), which is reported on the consolidated statements of operations. The measure of segment assets is reported on the consolidated balance sheets as total assets.
Our tangible assets primarily consist of our fleet of aircraft. The CODM reviews flight profitability data, which incorporates aircraft type and route economics in making resource allocation decisions. Our fleet is deployed systemwide and substantially all of our aircraft may be deployed across any of our geographic regions, without giving weight on geographic results and therefore, our assets do not require an allocation by geographic region.
Geographic Region Information
Substantially all of our long-lived assets (primarily aircraft) are located within the United States and can be deployed across any of our geographic regions.
Operating revenues are allocated to geographic regions, as defined by the Department of Transportation ("DOT"), based upon the origination and destination of each flight segment. As of December 31, 2025, we served 33 locations in the Caribbean and Latin American region, or Latin America as defined by the DOT. We also served seven destinations in Europe, or Atlantic as defined by the DOT. We include the three destinations in Puerto Rico and two destinations in the U.S. Virgin Islands in our Caribbean and Latin America allocation of revenues. We have reflected these locations within the Caribbean and Latin America region in the table below. Operating revenues by geographic regions for the years ended December 31 are summarized below (in millions):
202520242023
Domestic & Canada$5,452 $5,640 $6,072 
Caribbean & Latin America3,139 3,169 3,282 
Atlantic471 470 261 
Total operating revenue$9,062 $9,279 $9,615 
v3.25.4
Special Items
 12 Months Ended
Dec. 31, 2025
Unusual or Infrequent Items, or Both [Abstract]  
Special Items Special Items
The following is a listing of special items presented on our consolidated statements of operations (in millions):
Year Ended December 31,
202520242023
Special Items
Severance expenses (1)
$28 $17 $— 
Spirit-related costs (2)
— 532 92 
Union contract costs (3)
— 26 105 
Embraer E190 fleet transition (4)
— 15 — 
Other special items2 1 — 
Total special items$30 $591 $197 
(1) Severance expenses for 2025 relate to severance and benefit costs associated with the Company's pilot early retirement program and restructuring of certain workgroups. Severance expenses in 2024 relate to severance and benefit costs associated with the Company's voluntary opt-out program for eligible crewmembers in operations and support center workgroups.
(2) As a result of the termination of the Merger Agreement in March 2024, we wrote off the Spirit prepayment and breakup fee discussed in Note 18. These costs also include Spirit-related consulting, professional, and legal fees. Spirit-related costs in 2023 primarily relate to consulting, professional and legal fees.
(3) Union contract costs primarily relate to pilot ratification payments and adjustments to paid-time-off accruals resulting from pay rate increases. See Note 10 for further discussion.
(4) Embraer E190 fleet transition costs in 2024 relate to the early termination of a flight-hour engine services agreement.
v3.25.4
Termination of Merger Agreement with Spirit
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Termination of Merger Agreement with Spirit Termination of Merger Agreement with Spirit
The Merger Agreement
On March 1, 2024, JetBlue and Spirit and Merger Sub entered into a termination agreement with respect to their merger agreement (the "Termination Agreement"), subject to limited exceptions related to JetBlue's previously agreed indemnification obligations. Pursuant to the Termination Agreement, JetBlue agreed to pay the $69 million breakup fee on March 5, 2024, which was recorded in special items on the consolidated statements of operations. The parties also agreed to release each other from claims, demands, damages, actions, causes of action and liability relating to or arising out of the Merger Agreement and the transactions contemplated therein or thereby.
In accordance with the terms of the Merger Agreement, on a monthly basis between January 2023 and February 2024, JetBlue paid to the holders of record of outstanding Spirit shares an amount in cash equal to $0.10 per Spirit share (such amount, the "Additional Prepayment Amount", and each such monthly payment, an "Additional Prepayment"). In 2024, JetBlue made an aggregate of $22 million in Additional Prepayments to Spirit shareholders resulting in a total prepayment of $425 million. These Additional Prepayments were written off in March 2024, in addition to the $25 million reimbursement payment to Spirit in connection with the Frontier transaction costs as a result of the termination of the Merger Agreement. The write off is recorded in special items on the consolidated statements of operations.
The Company recorded a valuation allowance of $123 million related to the tax impact of the Spirit transaction costs, of which $105 million was recorded in 2024 and $18 million was recorded in 2023.
Legal Proceedings Related to the Merger
As also previously disclosed, on November 3, 2022, 25 individual consumers filed suit in the U.S. District Court for the Northern District of California against JetBlue and Spirit seeking to enjoin the Merger, alleging that it violates Section 7 of the Clayton Act (the "Private Merger Lawsuit"). Following the execution of the Termination Agreement, all proceedings in the Private Merger lawsuit were dismissed by the United States Court of Appeals for the First Circuit and the U.S. District Court for the District of Massachusetts on April 29, 2024 and June 18, 2024, respectively. Plaintiffs subsequent motion for recovery of attorneys' fees was denied on September 5, 2024 by the Court, and plaintiffs appealed that denial on September 13, 2024. That appeal is currently stayed as a result of Spirit's bankruptcy filings and JetBlue intends to vigorously oppose the appeal.
v3.25.4
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
(in millions)
Balance at
beginning of
period		Additions Charged to
Costs and
Expenses		Deductions Balance at
end of
period
Year Ended December 31, 2025
Valuation allowance for deferred tax assets$238 $14 $119 $133 
Allowance for obsolete spare parts43 9 15 37 
Allowance for credit losses6 7 7 
(1)
6 
Total$287 $30 $141 $176 
Year Ended December 31, 2024
Valuation allowance for deferred tax assets$153 $126 $41 $238 
Allowance for obsolete spare parts35 8 — 43 
Allowance for credit losses3 3 — 
(1)
6 
Total$191 $137 $41 $287 
Year Ended December 31, 2023
Valuation allowance for deferred tax assets$90 $69 $6 $153 
Allowance for obsolete spare parts29 6 — 35 
Allowance for credit losses4 19 20 
(1)
3 
Total$123 $94 $26 $191 
 
(1)Uncollectible accounts written off, net of recoveries.
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Warren Christie [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On August 13, 2025, Warren Christie, our Chief Operating Officer, adopted a trading plan intended to satisfy the affirmative defense conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Christie's plan is for the sale of an indeterminable number of shares purchased through the Company's crewmember stock purchase plan. The 10b5-1 trading plan terminates on November 20, 2026, unless terminated earlier in accordance with its terms.
Name Warren Christie
Title Chief Operating Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 13, 2025
Expiration Date November 20, 2026
Arrangement Duration 464 days
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
JetBlue places great importance on safety including cybersecurity, to protect against various threats. The Company's cybersecurity strategy prioritizes detection, analysis and response to cyber threats, effective management of cyber risks, and resilience against cyber incidents. Safety is the Company's #1 value, and the strength of our safety is supported by exercising vigilance in security, including cybersecurity.
We maintain a formal cybersecurity program with guidance drawn from the National Institute of Standards and Technology Cybersecurity Framework ("NIST CSF") and other industry standards. This does not imply that we meet any particular technical standards, specifications, or requirements, but rather that we use the NIST CSF as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business.
Our program is designed to protect the confidentiality, integrity, and availability of information technology systems and data. The state of our program maturity and regulatory compliance is regularly reviewed by third-party cybersecurity auditors and assessors. Among the key features of our cybersecurity risk management processes are the following:
•policies and procedures designed to comply with data security and privacy obligations;
•security technology and tools deployed in our IT environment that help us to identify and manage critical cybersecurity risks, as well as to detect and respond to incidents;
•security awareness training offered to our workforce, and specialized incident response training for our cybersecurity team;
•a Security Operations Center that monitors and responds to incidents; and
•a third-party risk management program that includes diligence and contracting processes for business partners and service providers based on their respective function and risk profile.
These processes help us manage cybersecurity risks but cannot eliminate them. JetBlue has overall responsibility for assessing and managing risks from cybersecurity threats to the Company and has an established cyber risk committee that consists of the Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Information Officer and Chief Information Security Officer ("CISO"). Our CISO has primary responsibility for the design and execution of our cybersecurity risk management program, and helps the committee stay informed about and monitor the prevention, detection, mitigation, and remediation of cybersecurity risks and incidents through various means, including but not limited to briefings with internal security team members, threat intelligence obtained from public and private sources, and alerts and reports produced by security tools deployed in the IT environment. Our current CISO has nearly two decades of experience in IT risk and program management, threat intelligence, and cybersecurity governance; he also has several cybersecurity industry certifications and specialized training in cybersecurity. However, experience and governance cannot eliminate the cybersecurity risks described in Item 1A.
The CISO regularly briefs management's cyber risk governance committee to review and evaluate cybersecurity threats and risks to the Company. The Audit Committee, which has been delegated cybersecurity risk oversight responsibility by the Board, receives an update on cybersecurity matters at least twice annually, and the full Board receives cybersecurity updates on an annual basis. The Audit Committee Chair and the Board received additional updates, as appropriate, in connection with evolving risk, emerging threats, or significant developments. The Audit Committee also receives periodic cybersecurity reporting, including metrics and key risk indicators, through regular meeting materials and supplements.
For 2025, we reported no material cybersecurity incidents affecting the confidentiality, integrity, or availability of data or information technology systems. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. We face certain ongoing risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. We are also subject to evolving legal and regulatory requirements regarding the reporting and disclosure of cybersecurity incidents, including SEC rules, which may increase our compliance obligations. For further information, see the risk factors under Item 1A titled "Cybersecurity and Information Security Risks" and "Data Privacy and Security Compliance Risks.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
We maintain a formal cybersecurity program with guidance drawn from the National Institute of Standards and Technology Cybersecurity Framework ("NIST CSF") and other industry standards. This does not imply that we meet any particular technical standards, specifications, or requirements, but rather that we use the NIST CSF as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
These processes help us manage cybersecurity risks but cannot eliminate them. JetBlue has overall responsibility for assessing and managing risks from cybersecurity threats to the Company and has an established cyber risk committee that consists of the Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Information Officer and Chief Information Security Officer ("CISO"). Our CISO has primary responsibility for the design and execution of our cybersecurity risk management program, and helps the committee stay informed about and monitor the prevention, detection, mitigation, and remediation of cybersecurity risks and incidents through various means, including but not limited to briefings with internal security team members, threat intelligence obtained from public and private sources, and alerts and reports produced by security tools deployed in the IT environment. Our current CISO has nearly two decades of experience in IT risk and program management, threat intelligence, and cybersecurity governance; he also has several cybersecurity industry certifications and specialized training in cybersecurity. However, experience and governance cannot eliminate the cybersecurity risks described in Item 1A.
The CISO regularly briefs management's cyber risk governance committee to review and evaluate cybersecurity threats and risks to the Company. The Audit Committee, which has been delegated cybersecurity risk oversight responsibility by the Board, receives an update on cybersecurity matters at least twice annually, and the full Board receives cybersecurity updates on an annual basis. The Audit Committee Chair and the Board received additional updates, as appropriate, in connection with evolving risk, emerging threats, or significant developments. The Audit Committee also receives periodic cybersecurity reporting, including metrics and key risk indicators, through regular meeting materials and supplements.
For 2025, we reported no material cybersecurity incidents affecting the confidentiality, integrity, or availability of data or information technology systems. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. We face certain ongoing risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. We are also subject to evolving legal and regulatory requirements regarding the reporting and disclosure of cybersecurity incidents, including SEC rules, which may increase our compliance obligations. For further information, see the risk factors under Item 1A titled "Cybersecurity and Information Security Risks" and "Data Privacy and Security Compliance Risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
These processes help us manage cybersecurity risks but cannot eliminate them. JetBlue has overall responsibility for assessing and managing risks from cybersecurity threats to the Company and has an established cyber risk committee that consists of the Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Information Officer and Chief Information Security Officer ("CISO"). Our CISO has primary responsibility for the design and execution of our cybersecurity risk management program, and helps the committee stay informed about and monitor the prevention, detection, mitigation, and remediation of cybersecurity risks and incidents through various means, including but not limited to briefings with internal security team members, threat intelligence obtained from public and private sources, and alerts and reports produced by security tools deployed in the IT environment. Our current CISO has nearly two decades of experience in IT risk and program management, threat intelligence, and cybersecurity governance; he also has several cybersecurity industry certifications and specialized training in cybersecurity. However, experience and governance cannot eliminate the cybersecurity risks described in Item 1A.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
The CISO regularly briefs management's cyber risk governance committee to review and evaluate cybersecurity threats and risks to the Company. The Audit Committee, which has been delegated cybersecurity risk oversight responsibility by the Board, receives an update on cybersecurity matters at least twice annually, and the full Board receives cybersecurity updates on an annual basis. The Audit Committee Chair and the Board received additional updates, as appropriate, in connection with evolving risk, emerging threats, or significant developments. The Audit Committee also receives periodic cybersecurity reporting, including metrics and key risk indicators, through regular meeting materials and supplements.
Cybersecurity Risk Role of Management [Text Block]
These processes help us manage cybersecurity risks but cannot eliminate them. JetBlue has overall responsibility for assessing and managing risks from cybersecurity threats to the Company and has an established cyber risk committee that consists of the Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Information Officer and Chief Information Security Officer ("CISO"). Our CISO has primary responsibility for the design and execution of our cybersecurity risk management program, and helps the committee stay informed about and monitor the prevention, detection, mitigation, and remediation of cybersecurity risks and incidents through various means, including but not limited to briefings with internal security team members, threat intelligence obtained from public and private sources, and alerts and reports produced by security tools deployed in the IT environment. Our current CISO has nearly two decades of experience in IT risk and program management, threat intelligence, and cybersecurity governance; he also has several cybersecurity industry certifications and specialized training in cybersecurity. However, experience and governance cannot eliminate the cybersecurity risks described in Item 1A.
The CISO regularly briefs management's cyber risk governance committee to review and evaluate cybersecurity threats and risks to the Company. The Audit Committee, which has been delegated cybersecurity risk oversight responsibility by the Board, receives an update on cybersecurity matters at least twice annually, and the full Board receives cybersecurity updates on an annual basis. The Audit Committee Chair and the Board received additional updates, as appropriate, in connection with evolving risk, emerging threats, or significant developments. The Audit Committee also receives periodic cybersecurity reporting, including metrics and key risk indicators, through regular meeting materials and supplements.
For 2025, we reported no material cybersecurity incidents affecting the confidentiality, integrity, or availability of data or information technology systems. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. We face certain ongoing risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. We are also subject to evolving legal and regulatory requirements regarding the reporting and disclosure of cybersecurity incidents, including SEC rules, which may increase our compliance obligations. For further information, see the risk factors under Item 1A titled "Cybersecurity and Information Security Risks" and "Data Privacy and Security Compliance Risks.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] JetBlue has overall responsibility for assessing and managing risks from cybersecurity threats to the Company and has an established cyber risk committee that consists of the Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Information Officer and Chief Information Security Officer ("CISO").
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our CISO has primary responsibility for the design and execution of our cybersecurity risk management program, and helps the committee stay informed about and monitor the prevention, detection, mitigation, and remediation of cybersecurity risks and incidents through various means, including but not limited to briefings with internal security team members, threat intelligence obtained from public and private sources, and alerts and reports produced by security tools deployed in the IT environment. Our current CISO has nearly two decades of experience in IT risk and program management, threat intelligence, and cybersecurity governance; he also has several cybersecurity industry certifications and specialized training in cybersecurity. However, experience and governance cannot eliminate the cybersecurity risks described in Item 1A.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
The CISO regularly briefs management's cyber risk governance committee to review and evaluate cybersecurity threats and risks to the Company. The Audit Committee, which has been delegated cybersecurity risk oversight responsibility by the Board, receives an update on cybersecurity matters at least twice annually, and the full Board receives cybersecurity updates on an annual basis. The Audit Committee Chair and the Board received additional updates, as appropriate, in connection with evolving risk, emerging threats, or significant developments. The Audit Committee also receives periodic cybersecurity reporting, including metrics and key risk indicators, through regular meeting materials and supplements.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
JetBlue provides air transportation services across the United States, Latin America, the Caribbean, Canada, and Europe. Our consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"), and include the accounts of JetBlue and our subsidiaries. All majority-owned subsidiaries are consolidated with all intercompany transactions and balances being eliminated.
Unless otherwise noted, all amounts disclosed are stated before consideration of income taxes.
Use of Estimates
Use of Estimates
The preparation of our consolidated financial statements and accompanying notes in conformity with GAAP requires us to make certain estimates and assumptions. Actual results could differ from those estimates.
Fair Value
Fair Value
The Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board (the "FASB") Accounting Standards Codification® ("ASC" or the "Codification") establishes a framework for measuring fair value and requires enhanced disclosures about fair value measurements. This topic clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The topic also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs. Refer to Note 13 for more information.
Cash and Cash Equivalents
Cash and Cash Equivalents
Our cash and cash equivalents include short-term, highly liquid investments which are readily convertible into cash. These investments include money market securities, commercial paper, and time deposits with maturities of three months or less when purchased.
Cash equivalents and restricted cash equivalents
Our cash equivalents include money market securities, commercial paper, and time deposits which are readily convertible into cash, have maturities of three months or less when purchased, and are considered to be highly liquid and easily tradable. The money market securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within our fair value hierarchy.
Restricted Cash and Cash Equivalents
Restricted Cash and Cash Equivalents   
Restricted cash and cash equivalents primarily consists of money held as a reserve for principal and interest payments associated with the financing of the TrueBlue® program, cash held in escrow related to the Citibank revolving credit facility, and letters of credit. The letters of credit relate to a certain number of leases, which will expire at the end of the related lease terms as well as a $65 million letter of credit relating to our 5% ownership in JFK Millennium Partners ("JMP"), a private entity that will finance, develop, and operate JFK Terminal 6. Additionally, we had cash pledged related to funds held for workers compensation obligations and other business partner agreements, which will expire according to the terms of the related agreements.
Restricted cash equivalents are composed of money market securities held as a reserve for principal and interest payments associated with the financing of the TrueBlue® program.
Accounts Receivable
Accounts Receivable    
Accounts receivable are carried at cost, which primarily consist of amounts due from credit card companies related to sales of tickets for future travel and amounts due from our co-branded credit card partners. We estimate an allowance for expected credit losses based on known troubled accounts, if any, and historical experience of losses incurred, as well as current and expected conditions.
Investment Securities
Investment Securities     
Investment in Debt Securities     
Investments in debt securities consist of available-for-sale investment securities and held-to-maturity investment securities. Realized gains and losses are recorded using the specific identification method in gain (loss) investments, net on the consolidated statements of operations. Unrealized gains and losses on available-for-sale securities are reflected in accumulated other comprehensive income (loss) on the consolidated balance sheets. Refer to Note 13 for an explanation of the fair value hierarchy structure and Note 14 for more information.
Investment in Equity Securities 
Equity method investments. Investments in which we can exercise significant influence are accounted for using the equity method in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures of the Codification.
Equity investment securities. Our equity investment securities include investments in common stocks of publicly traded companies which are stated at fair value.
Equity investments. Our wholly owned subsidiary, JetBlue Technology Ventures LLC, has equity investments in emerging companies which do not have readily determinable fair values and are accounted for using a measurement alternative.
TWA Hotel. We have an approximate 10% ownership interest in the TWA Flight Center Hotel at JFK, and it is accounted for under the measurement alternative in other assets section of the consolidated balance sheets.
Refer to Note 14 for more information.
Available-for-sale investment securities
Our available-for-sale investment securities include investments such as time deposits, commercial paper, and convertible debt securities. The fair value of time deposits and commercial paper is based on observable inputs in non-active markets, which are therefore classified as Level 2 in the hierarchy. The fair value of convertible debt securities is based on unobservable inputs and is classified as Level 3 in the hierarchy.
Held-to-maturity investment securities
Our held-to-maturity investment securities consist of corporate bonds, which are stated at amortized cost. If the corporate bonds were measured at fair value, they would be classified as Level 2 in the fair value hierarchy, based on quoted prices in active markets for similar securities.
We do not intend to sell these investment securities prior to maturity.
Investments in Debt Securities
Investments in debt securities consist of available-for-sale and held-to-maturity investment securities. The carrying amount is recorded within investment securities in the current assets section of our consolidated balance sheets if the remaining maturity is less than twelve months. Maturities greater than twelve months are recorded within investment securities in the other assets section of our consolidated balance sheets.
Derivative Instruments
Derivative Instruments
As part of our risk management strategy, we periodically purchase energy derivatives. Our derivative instruments include fuel hedge contracts, such as jet fuel call options and call option spreads, which are stated at fair value, net of any collateral postings. Derivative instruments are included in other current assets on our consolidated balance sheets. As of December 31, 2025, we did not have any outstanding fuel hedging contracts. Refer to Note 12 for more information.
Spare parts, aircraft fuel and supplies
Spare Parts, Aircraft Fuel and Supplies
Expendable aircraft spare parts and supplies are stated at average cost, while aircraft fuel is accounted for on a first-in, first-out basis. These items are expensed when used or consumed. An allowance for obsolescence on aircraft spare parts and supplies is provided over the remaining useful life of the related aircraft fleet.
Property and Equipment
Property and Equipment    
We record property and equipment at cost and depreciate to an estimated residual value on a straight-line basis over the asset's estimated useful life. We capitalize additions, asset modifications which extend the useful life or enhance performance, as well as interest related to pre-delivery deposits used to acquire new aircraft and the construction of our facilities.
Estimated useful lives and residual values for property and equipment are summarized as follows:
Property and Equipment TypeEstimated Useful LifeResidual Value
Aircraft (1)
25 years20 %
Aircraft equipment
5-12 years
0 %
Aircraft partsFleet life10 %
Flight equipment leasehold improvementsLower of lease term or economic life0 %
Ground property and equipment
2-10 years
0 %
Leasehold improvements - otherLower of lease term or economic life0 %
Buildings on leased landLower of lease term or economic life0 %
(1) The Company is pursuing capital-light growth and as a result the estimated useful lives of certain Airbus A320 airframes were extended beyond 25 years.
Property under finance leases is initially recorded at an amount equal to the present value of future minimum lease payments which is computed on the basis of our incremental borrowing rate or, when known, the interest rate implicit in the lease. Amortization of property under finance leases is on a straight-line basis over the expected useful life to their estimated residual values and is included in depreciation and amortization expense on our consolidated statements of operations.
We record impairment losses on long-lived assets used in operations when events and circumstances indicate the asset groups may be impaired and the undiscounted future cash flows estimated to be generated by the asset groups are less than the asset groups' net book value. If impairment occurs, the loss is measured by comparing the fair value of the asset to its carrying amount.
For property and equipment classified as held for sale, we discontinue depreciation and record impairment losses if the fair value less cost to sell is lower than the carrying amount of those assets. For the year ended December 31, 2025, we recorded a $13 million impairment loss related to assets classified as held for sale, which is included in other operating expenses on our consolidated statement of operations. We did not record any impairment losses for the years ended December 31, 2024 and 2023. Refer to Note 13 for additional information.
As of December 31, 2025 and 2024, we had $138 million and $33 million, respectively, classified as held for sale within prepaid expenses and other in current assets on the consolidated balance sheets. Refer to Note 10 for additional information.
Software
Software   
We capitalize certain costs related to the acquisition and development of computer software. We amortize these costs using the straight-line method over the estimated useful life of the software, which is generally five years.
Indefinite-Lived Intangible Assets
Indefinite-Lived Intangible Assets
Our indefinite-lived intangible assets consist primarily of acquired slots at certain high density airports which results in no amortization of expense. Slots are the rights to take-off or land at a specific airport during a specified time of day and are a means by which airport capacity and congestion can be managed. We evaluate our indefinite-lived intangible assets for impairment on an annual basis, or more frequently as needed when events and circumstances indicate an impairment may exist. Impairment indicators include operating or cash flow losses as well as various market factors to determine if events and circumstances could reasonably have affected the fair value.
Passenger Revenue
Passenger Revenue    
Ticket sales and related ancillary fees are initially deferred in air traffic liability. Air traffic liability represents tickets sold but not yet flown, credits which can be used for future travel, and a portion of the liability related to our TrueBlue® loyalty program. The transaction price is allocated to each performance obligation identified in a passenger ticket based on relative standalone selling price. Passenger revenue, including certain ancillary fees directly related to passenger tickets, is recognized when transportation is provided. Taxes that we are required to collect from our customers, including foreign and U.S. federal transportation taxes, security taxes, and airport facility charges, are excluded from passenger revenue. Those taxes and fees are recorded as a liability upon collection and are relieved from the liability upon remittance to the applicable governmental agency.
The majority of passenger tickets sold are non-refundable. Non-refundable fares may be canceled prior to the scheduled departure date for a credit for future travel. Refundable fares may be canceled at any time prior to the scheduled departure date. Failure to cancel a refundable fare prior to departure will result in the cancellation of the original ticket and an issuance of a credit for future travel. Most passenger credits can be used for future travel up to one year from the date of booking. Passenger breakage revenue from unused tickets and passenger credits will be recognized in proportion to flown revenue based on estimates of expected expiration when the likelihood of the customer exercising his or her remaining rights becomes remote. Breakage revenue consists of tickets that remain unused past the departure date, have continued validity, and are expected to ultimately expire unused, as well as passenger credits that are not expected to be redeemed prior to expiration. JetBlue uses estimates based on historical experience of expired tickets and credits and considers other factors that could impact future expiration patterns of tickets and credits. Tickets which do not have continued validity past the departure date are recognized as revenue after the scheduled departure date has lapsed.
Passenger ticket costs primarily include credit card fees, commissions paid, and global distribution systems booking fees. Costs are allocated entirely to the purchased travel services and are capitalized until recognized when travel services are provided to the customer.
Loyalty Program
Loyalty Program   
Customers may earn points under our customer loyalty program, TrueBlue®, based on the fare paid and fare product purchased for a flight. Customers can also earn points through business partners such as credit card companies, hotels, car rental companies, and our participating airline partners.
Points Earned From a Ticket Purchase. When a TrueBlue® member travels, we recognize a portion of the fare as revenue and defer in air traffic liability the portion that represents the value of the points net of spoilage, or breakage. The transaction price is allocated to each performance obligation on a relative standalone selling price basis. We determine the standalone selling price of TrueBlue® points issued using the redemption value approach. To maximize the use of observable inputs, we utilize the actual ticket value of the tickets purchased with TrueBlue® points. The liability is relieved and passenger revenue is recognized when points are redeemed and free travel is provided.
Points Sold to TrueBlue® Partners. Our most significant contract to sell TrueBlue® points is with our co-branded credit card partner. Co-branded credit card partnerships have the following identified performance obligations: air transportation; use of the JetBlue brand name and access to our frequent flyer customer lists; advertising; and other airline benefits. In determining the standalone selling price for co-brand credit card arrangements, JetBlue considered multiple inputs, methods and assumptions, including: discounted cash flows; estimated redemption value, net of fulfillment discount; points expected to be awarded and redeemed; estimated annual spending by cardholders; estimated annual royalty for use of JetBlue's frequent flyer customer lists; and estimated utilization of other airline benefits. Payments are typically due monthly based on the volume of points sold during the period, and the terms of our contracts are generally from one to ten years. The overall consideration received is allocated to each performance obligation based on its relative standalone selling price. The air transportation element is deferred and recognized as passenger revenue when the points are redeemed. The other elements are recognized as other revenue when the performance obligations related to those services are satisfied, which is generally the same period as when consideration is received from the participating company.
Amounts allocated to the air transportation element which are initially deferred include a portion that are expected to be redeemed during the following twelve months (included within air traffic liability on our consolidated balance sheets), and a portion that are not expected to be redeemed during the following twelve months (included within air traffic liability - non-current on our consolidated balance sheets). We periodically update this analysis and adjust the split between current and non-current liabilities as appropriate.
Points earned by TrueBlue® members never expire. TrueBlue® members can pool points between small groups of people, branded as Points Pooling™. Breakage is estimated using historical redemption patterns to determine a breakage rate. Breakage rates used to estimate breakage revenue are evaluated annually. Changes to breakage estimates impact revenue recognition prospectively.
Aircraft Fuel
Aircraft Fuel
Aircraft fuel consists of the cost of jet fuel, related taxes, into-plane, transportation, airport fuel flowage, and storage fees. It also includes realized gains and losses arising from fuel derivatives.
Airframe and Engine Maintenance and Repair
Airframe and Engine Maintenance and Repairs   
Regular airframe maintenance for owned and leased flight equipment is expensed as incurred unless covered by a third-party long-term flight hour service agreement. We have separate service agreements in place covering scheduled and unscheduled repairs of certain airframe line replacement unit components as well as engines in our fleet. Certain of these agreements are under a power-by-the-hour agreement, which requires monthly payments at rates based on either the number of operating aircraft cycles or engine flight hours each month in exchange for a predetermined maintenance program. These power-by-the-hour agreements, if they meet certain criteria, transfer risk to the third-party service provider and therefore, are expensed based on actual flight hours or aircraft cycles occurring each period.
Advertising Costs
Advertising Costs
Advertising costs, which are included in sales and marketing on our consolidated statements of operations, are expensed as incurred.
Share-Based Compensation
Share-Based Compensation
We record compensation expense for share-based awards based on the grant date fair value of those awards. Share-based compensation expense includes an estimate for pre-vesting forfeitures. Each vesting portion of an award is recognized over the requisite service periods of the awards on a straight-line basis. Refer to Note 7 for more information.
Income Taxes
Income Taxes
We account for income taxes utilizing the liability method. Deferred income taxes are recognized for the tax consequences of temporary differences between the tax and financial statement reporting bases of assets and liabilities. A valuation allowance for deferred tax assets is provided unless realization of the asset is judged by us to be more likely than not. Our policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
Recently Adopted Standards
Accounting Standards Update 2023-09—Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09)
ASU 2023-09 requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. ASU 2023-09 requires disaggregation of the effective tax rate reconciliation at a threshold of 5% of our federal rate of 21%. Income taxes paid (net of refunds received) is required to be disaggregated by federal, state and foreign jurisdictions. The disaggregation is based on a quantitative threshold of 5% of total income taxes paid, net of refunds received. Income (loss) before income tax benefit (expense) is also required to be disaggregated between domestic and foreign jurisdictions. ASU 2023-09 eliminates the requirement to disclose details of tax positions for which the amount of unrecognized tax benefits may significantly increase or decrease in the next 12 months. The Company has adopted the standard effective December 31, 2025 on a prospective basis, and it did not have a material impact on the Company's consolidated financial statements.
Standards Effective in Future Years
Accounting Standards Update 2024-03 — Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (ASU 2024-03)
ASU 2024-03 requires entities to disclose disaggregated information regarding specific expense categories in the notes to the financial statements for both interim and annual periods. The standard is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027. The standard will be applied prospectively, with the option to apply on a retrospective basis. Early adoption is permitted. The Company is evaluating the new standard but does not expect it to have a material impact on the Company's consolidated financial statements.
Accounting Standards Update 2025-06—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06)
ASU 2025-06 updates the accounting guidance for internal-use software costs. The standard removes references to development stages and requires capitalization of software costs when management has authorized and committed to funding the software project, it is probable that the project will be completed, and the software will be used to perform the function intended. The standard is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The standard may be applied prospectively, retrospectively, or using a modified transition method. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements.
v3.25.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of property, plant and equipment
Estimated useful lives and residual values for property and equipment are summarized as follows:
Property and Equipment TypeEstimated Useful LifeResidual Value
Aircraft (1)
25 years20 %
Aircraft equipment
5-12 years
0 %
Aircraft partsFleet life10 %
Flight equipment leasehold improvementsLower of lease term or economic life0 %
Ground property and equipment
2-10 years
0 %
Leasehold improvements - otherLower of lease term or economic life0 %
Buildings on leased landLower of lease term or economic life0 %
(1) The Company is pursuing capital-light growth and as a result the estimated useful lives of certain Airbus A320 airframes were extended beyond 25 years.
Schedule of Amortization Expense As of December 31, 2025, amortization expense related to computer software is expected to be as follows (in millions):
Amortization Expense
2026$55 
202746 
202831 
202915 
20305 
v3.25.4
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of revenue The following table provides revenue recognized by revenue source for the years ended December 31, 2025, 2024, and 2023 (in millions):
Twelve Months Ended December 31,
202520242023
Passenger revenue
Passenger travel$7,667 $7,983 $8,403 
Loyalty revenue - air transportation669 634 605 
Other revenue
Loyalty revenue521 464 422 
Other revenue205 198 185 
Total operating revenue$9,062 $9,279 $9,615 
Schedule of Contract with customer, contract asset, contract liability, and receivable
Our contract liabilities primarily consist of ticket sales for which transportation has not yet been provided, unused credits available to customers, and outstanding loyalty points available for redemption (in millions):
December 31, 2025December 31, 2024
Air traffic liability - passenger travel (1)
$1,123 $1,073 
Air traffic liability - loyalty program (air transportation)1,227 1,125 
Deferred revenue - passenger travel and loyalty program travel (2)
334 389 
Deferred revenue - other (3)
25 27 
Total $2,709 $2,614 
(1) The balance as of December 31, 2025 includes a $2 million travel bank liability recognized within other liabilities on our consolidated balance sheets.
(2) Included within other accrued liabilities and other liabilities on our consolidated balance sheets.
(3) Included within air traffic liability on our consolidated balance sheets.
The table below presents the activity of the current and non-current air traffic liability for our loyalty program, and includes points earned and sold to participating companies for the years ended December 31, 2025 and 2024 (in millions):
Balance at December 31, 2023$1,072 
TrueBlue® points redeemed passenger
(634)
TrueBlue® points redeemed other
(26)
TrueBlue® points earned and sold
713 
Balance at December 31, 20241,125 
TrueBlue® points redeemed passenger
(669)
TrueBlue® points redeemed other
(40)
TrueBlue® points earned and sold
811 
Balance at December 31, 2025$1,227 
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of long term debt
Long-term debt and finance lease obligations and the related weighted average contractual interest rate at December 31, 2025 and 2024 consisted of the following (in millions):
 December 31, 2025December 31, 2024
Secured Debt
Fixed rate special facility bonds, due through 2036$43 5.0 %$43 5.0 %
Fixed rate enhanced equipment notes:
2019-1 Series AA, due through 2032424 2.8 %452 2.8 %
2019-1 Series A, due through 2028132 3.0 %141 3.0 %
2019-1 Series B, due through 202745 8.1 %58 8.1 %
2020-1 Series A, due through 2032428 4.1 %469 4.1 %
2020-1 Series B, due through 202882 7.8 %100 7.8 %
Fixed rate equipment notes, due through 2028127 4.0 %219 4.3 %
Floating rate equipment notes, due through 2036 (1)
673 6.7 %742 7.4 %
Aircraft failed sale-leaseback transactions, due through 2036 (1)
2,103 6.9 %2,221 7.0 %
TrueBlue® senior secured notes, due through 2031
1,990 9.9 %1,988 9.9 %
TrueBlue® senior secured term loan facility, due through 2029 (1)
744 8.8 %749 9.9 %
Finance leases449 6.3 %116 5.8 %
Unsecured Debt
Unsecured CARES Act Payroll Support Program loan, due through 2030259 2.0 %259 2.0 %
Unsecured Consolidated Appropriations Act Payroll Support Program Extension loan, due through 2031144 2.0 %144 2.0 %
Unsecured American Rescue Plan Act of 2021 Payroll Support loan, due through 2031132 2.0 %132 2.0 %
0.50% convertible senior notes, due through 2026
325 0.5 %325 0.5 %
2.50% convertible senior notes, due through 2029
460 2.5 %460 2.5 %
Total debt and finance lease obligations$8,560 $8,618 
Less: Debt issuance costs(62)(79)
Less: Current maturities(769)(392)
Long-term debt and finance lease obligations$7,729 $8,147 
(1) Certain debt bears interest at a floating rate equal to Secured Overnight Financing Rate ("SOFR"), plus a margin.
Schedule of Convertible Debt
The following table provides information relating to the principal amount and unamortized debt issuance costs of the 0.50% Convertible Senior Notes (in millions):
December 31, 2025December 31, 2024
Principal amount$325 $325 
Less: Unamortized debt issuance costs— 2 
Net carrying amount $325 $323 
The following table provides information relating to the principal amount and unamortized debt issuance costs of the 2.50% Convertible Senior Notes (in millions):
December 31, 2025December 31, 2024
Principal amount$460 $460 
     Less: Unamortized debt issuance costs8 10 
Net carrying amount $452 $450 
Schedule of maturities of long-term debt
Maturities of our debt and finance leases, net of debt issuance costs, for the next five years are as follows (in millions):
Maturities
2026$755 
2027411 
2028516 
20291,768 
2030589 
Thereafter4,459 
Schedule of carrying amounts and estimated fair values of long-term debt
The carrying amounts and estimated fair values of our long-term debt, net of debt issuance costs, at December 31, 2025 and 2024 were as follows (in millions):
December 31, 2025
December 31, 2024
Carrying Value
Estimated Fair Value (1)
Carrying Value
Estimated Fair Value (1)
Total Debt$8,498 $7,829 $8,539 $8,337 
(1) The estimated fair values of our publicly held long-term debt are classified as Level 2 in the fair value hierarchy. The fair values of our non-public debt are estimated using a discounted cash flow analysis based on our borrowing rates for instruments with similar terms and therefore classified as Level 3 in the fair value hierarchy. Refer to Note 13 for an explanation of the fair value hierarchy structure.
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of lease assets and liabilities
The table below presents the lease-related assets and liabilities recorded on our consolidated balance sheets as of December 31, 2025 and 2024 (in millions):
As of December 31,
20252024
AssetsClassification on Balance Sheet
Operating lease assetsOperating lease assets$868 $550 
Finance lease assetsProperty and equipment, net444 115 
Total lease assets$1,312 $665 
LiabilitiesClassification on Balance Sheet
Current:
Operating lease liabilitiesCurrent operating lease liabilities$79 $93 
Finance lease liabilitiesCurrent maturities of long-term debt and finance lease obligations79 15 
Long-term:
Operating lease liabilitiesLong-term operating lease liabilities839 510 
Finance lease liabilitiesLong-term debt and finance lease obligations370 101 
Total lease liabilities$1,367 $719 
As of December 31,
20252024
Weighted average remaining lease term (in years)
Operating leases148
Finance leases67
Weighted average discount rate
Operating leases7.0 %7.1 %
Finance leases6.3 %5.8 %
Schedule of Lease, cost
The table below presents certain information related to our lease costs during the years ended December 31, 2025, 2024, and 2023 (in millions):
202520242023
Operating lease cost$133 $139 $167 
Short-term lease cost5 5 2 
Finance lease cost:
Amortization of assets27 7 — 
Interest on lease liabilities16 3 — 
Variable lease cost594 607 614 
Sublease income(20)(23)(20)
Total net lease cost$755 $738 $763 
Schedule of leases, supplemental cash flows
The table below presents supplemental cash flow information related to leases during the years ended December 31, 2025, 2024, and 2023 (in millions):
202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$155 $162 $168 
Operating cash flows for finance leases16 3 — 
Financing cash flows for finance leases67 6 2 
Schedule of Lessee, operating lease, liability, maturity
The table below presents scheduled future minimum lease payments for operating and finance leases recorded on our consolidated balance sheets, as of December 31, 2025 (in millions):
As of December 31, 2025
Operating LeasesFinance Leases
2026$139 $105 
2027128 60 
2028110 60 
202989 60 
203084 60 
Thereafter938 219 
Total minimum lease payments$1,488 $564 
Less: amount of lease payment representing interest(570)(115)
Present value of future minimum lease payment$918 $449 
Less: current obligations under leases(79)(79)
Long-term lease obligations$839 $370 
Schedule of Lessee, finance lease, liability, maturity
The table below presents scheduled future minimum lease payments for operating and finance leases recorded on our consolidated balance sheets, as of December 31, 2025 (in millions):
As of December 31, 2025
Operating LeasesFinance Leases
2026$139 $105 
2027128 60 
2028110 60 
202989 60 
203084 60 
Thereafter938 219 
Total minimum lease payments$1,488 $564 
Less: amount of lease payment representing interest(570)(115)
Present value of future minimum lease payment$918 $449 
Less: current obligations under leases(79)(79)
Long-term lease obligations$839 $370 
v3.25.4
Loss Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of loss per share, basic and diluted
The following table shows how we computed basic and diluted loss per common share for the years ended December 31 (dollars and share data in millions):
202520242023
Net loss$(602)$(795)$(310)
Weighted average basic shares362.1 346.0 332.9 
Effect of dilutive securities— — — 
Weighted average diluted shares362.1 346.0 332.9 
Loss per common share
Basic $(1.66)$(2.30)$(0.93)
Diluted$(1.66)$(2.30)$(0.93)
v3.25.4
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of restricted stock unit activity
The following is a summary of RSU activity under the 2020 Plan for the year ended December 31, 2025 (in millions except per share data):
Shares Weighted Average Grant Date Fair Value
Nonvested at beginning of year7 $7.41 
Granted6 5.94 
Vested(4)7.81 
Forfeited(1)6.48 
Nonvested at end of year8 $6.37 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of provision for income tax benefit (expense)
Our income tax benefit (expense) consisted of the following for the years ended December 31 (in millions):
202520242023
Deferred:
Federal$158 $93 $43 
State25 28 6 
Foreign— (11)(22)
Deferred income tax benefit183 110 27 
Current:
Federal— — 1 
State(3)— 1 
Foreign(8)(8)(5)
Current income tax expense(11)(8)(3)
Total income tax benefit$172 $102 $24 
Schedule of income taxes differed from the federal income tax statutory rate
Our income tax benefit reconciles to the amount computed below by applying the U.S. federal statutory income tax rate to our loss before income taxes for the years ended December 31 as follows (in millions):
202520242023
Income tax benefit at statutory rate$163 21.0 %$188 21.0 %$70 21.0 %
State income tax, net of federal benefit (a)
          New York City12 1.6 %13 1.5 %4 1.2 %
          Other states11 1.4 %15 1.7 %3 0.9 %
Foreign income tax effects
     Puerto Rico
          Changes in valuation allowance105 13.6 %(15)(1.7)%(4)(1.2)%
          Tax holiday(61)(7.9)%— — %— — %
          Other— — %11 1.2 %(4)(1.2)%
     Other Foreign Countries(8)(1.0)%(20)(2.2)%(37)(11.1)%
Tax Credits
     Tax holiday(44)(5.7)%— — %— — %
     Other(1)(0.1)%3 0.3 %22 6.6 %
Changes in valuation allowances11 1.4 %(87)(9.7)%(15)(4.2)%
Nontaxable or nondeductible items(12)(1.6)%(13)(1.5)%(14)(4.5)%
Other, net(4)(0.4)%7 0.7 %(1)(0.3)%
Total income tax benefit$172 22.3 %$102 11.3 %$24 7.2 %
(a) The majority (greater than 50%) of state and local income tax impact relates to New York City and New York State.
Schedule of deferred tax assets and deferred liabilities
The components of our deferred tax assets and liabilities as of December 31 are as follows (in millions):
20252024
Deferred tax assets:
Deferred revenue/gains$262 $242 
Employee benefits105 106 
Foreign tax credit— 44 
Other credits14 13 
Net operating loss carryforward1,218 1,082 
Interest expense limitation carryforward181 110 
Operating lease liabilities240 145 
Rent expense4 12 
Capital loss carryforward110 125 
Sec. 174 research activities38 34 
Other17 18 
Total deferred tax assets2,189 1,931 
Valuation allowance(133)(238)
Deferred tax assets, net2,056 1,693 
Deferred tax liabilities:
Property and equipment(2,233)(2,168)
Operating lease assets(227)(131)
Other(43)(27)
Total deferred tax liabilities(2,503)(2,326)
Net deferred tax liability$(447)$(633)
Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
202520242023
Unrecognized tax benefits at January 1, 2025$31 $25 $26 
Increases for tax positions taken during the period1 8 — 
Decreases for tax positions taken during the period(2)(1)(5)
Increases for tax positions taken during a prior period— — 5 
Decreases for tax positions taken during a prior period(1)(1)(1)
Unrecognized tax benefits December 31, 2025$29 $31 $25 
Schedule of Cash Flow, Supplemental Disclosures
A reconciliation of the income taxes paid (net of refunds) is as follows (in millions) for the year ended December 31, 2025:
JurisdictionIncome Taxes Paid (net of refunds)
     U.S. Federal$(1)
     NYC(5)
     Other State— 
     Dominican Republic7 
     Haiti1 
     Puerto Rico(4)
     Other Foreign— 
Total$(2)
v3.25.4
Commitments (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of flight equipment commitments
Our committed expenditures for aircraft and related flight equipment as of December 31, 2025, including estimated amounts for contractual price escalations and pre-delivery deposits, are set forth in the table below (in millions):
Flight Equipment Commitments
YearTotal
2026 (1)
$641 
2027302 
2028519 
2029444 
2030398 
Thereafter3,375 
Total$5,679 
(1) Includes obligations for one Airbus A321neo XLR variant aircraft which has been contracted to sell following delivery of the aircraft. The aircraft is anticipated to deliver in the second quarter of 2026.
Our firm aircraft orders include the following aircraft:
Flight Equipment Deliveries
YearAirbus A220
Airbus A321neo (1)
Total
202614 1 15 
20275 — 5 
202811 — 11 
202910 — 10 
20301 3 4 
Thereafter— 41 41 
Total (2)
41 45 86 
(1) Includes one Airbus A321neo XLR variant aircraft which has been contracted to sell following delivery of the aircraft. Refer to the footnote in the Flight Equipment Commitments table above for additional information.
(2) In addition, we have options to purchase 20 A220-300 aircraft in 2027 and 2028.
v3.25.4
Financial Derivative Instruments and Risk Management (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative instrument in statement of financial position and financial performance
The table below reflects quantitative information related to our derivative instruments and where these amounts are recorded in our financial statements (dollar amounts in millions):
Year Ended December 31,
 202520242023
Fuel derivatives
Hedge effectiveness gains (losses) recognized in aircraft fuel expense
$— $(10)$7 
Hedge (gains) losses on derivatives recognized in comprehensive income (loss)— 6 (1)
Percentage of actual consumption economically hedged— %24 %25 %
v3.25.4
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair value, by balance sheet grouping
The following is a listing of our assets required to be measured at fair value on a recurring basis and where they are classified within the fair value hierarchy as of December 31, 2025 and 2024 (in millions):
As of December 31, 2025
Level 1Level 2Level 3Total
Assets
Cash equivalents$1,628 $18 $— $1,646 
Restricted cash equivalents72 — — 72 
Available-for-sale investment securities— 60 7 67 

As of December 31, 2024
Level 1Level 2Level 3Total
Assets
Cash equivalents$1,921 $— $— $1,921 
Restricted cash equivalents89 — — 89 
Available-for-sale investment securities— 1,609 12 1,621 
Schedule of Debt securities, held-to-maturity
The carrying value and estimated fair value of our held-to-maturity investment securities were as follows (in millions):
December 31, 2025December 31, 2024
Carrying ValueFair ValueCarrying ValueFair Value
Held-to-maturity investment securities$464 $464 $404 $400 
v3.25.4
Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of marketable securities The aggregate carrying values of our short-term and long-term debt investment securities consisted of the following at December 31, 2025 and 2024 (in millions):
December 31, 2025December 31, 2024
Available-for-sale investment securities 
Time deposits$— $1,148 
Commercial paper60 461 
Debt securities7 12 
Total available-for-sale investment securities67 1,621 
Held-to-maturity investment securities
Corporate bonds464 404 
Total held-to-maturity investment securities464 404 
Total investment in debt securities$531 $2,025 
Schedule of Equity Method Investments
The aggregate carrying values of our equity investments are recorded in other assets on the consolidated balance sheets and consist of the following at December 31, 2025 and 2024 (in millions):
December 31, 2025December 31, 2024
Equity method investments (1)
$109 $77 
JetBlue Ventures equity investments (2)
89 84 
TWA Flight Center (3)
13 13 
Total equity investments (4)
$211 $174 
    
(1) We have the ability to exercise significant influence over these investments and therefore they are accounted for using the equity method in accordance with Topic 323, Investments - Equity Method and Joint Ventures of the FASB Codification. Our share of our equity method investees' financial results is included in other income on our consolidated statements of operations.
(2) Our wholly owned subsidiary JetBlue Technology Ventures, LLC ("JBV") has equity investments in emerging companies which do not have readily determinable fair values. In accordance with Topic 321, Investments - Equity Securities of the FASB Codification, we account for these investments using a measurement alternative which allows entities to measure these investments at cost, less any impairment, adjusted for changes from observable price changes in orderly transactions for identifiable or similar investments of the same issuer. Refer to the table below for investment gain (loss) activity during the twelve months ended December 31, 2025, 2024, or 2023.
(3) We have an approximate 10% ownership interest in the TWA Flight Center Hotel at JFK, which is accounted for under the measurement alternative described above. We did not record any material gains or losses on our TWA Flight Center Hotel during the twelve months ended December 31, 2025, 2024, or 2023.
(4) As of December 31, 2025 and 2024, we had an immaterial amount of equity securities recorded within investment securities in the current asset section of our consolidated balance sheets. Our equity securities include investments in common stocks of publicly traded companies which are stated at fair value. Refer to the table below for investment gain (loss) activity during the twelve months ended December 31, 2025, 2024, and 2023 (in millions):
Twelve Months Ended
December 31,
202520242023
JBV Equity Investments
Realized gain (loss) recognized in gain (loss) on investments, net $(4)$(7)$2 
Unrealized gain (loss) recognized in gain (loss) on investments, net (1)
2 (21)— 
Equity Securities
Realized gain recognized in gain (loss) on investments, net— — 4 
Unrealized gain recognized in gain (loss) on investments, net— — 2 
(1) The net unrealized loss in 2024 primarily relates to a mark-to-market adjustment on our preferred shares of one of our JBV equity investments.
v3.25.4
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Accumulated other comprehensive income (loss), net of taxes A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the years ended December 31, 2025, 2024, and 2023 is as follows (in millions):
Aircraft Fuel Derivatives (1)
Available-for-sale securitiesTotal
Balance of accumulated income (loss), at December 31, 2022$1 $(1)$— 
Reclassifications into earnings, net of taxes of $2
(5)(1)(6)
Change in fair value, net of taxes of $0
1 1 2 
Balance of accumulated loss, at December 31, 2023$(3)$(1)$(4)
Reclassifications into earnings, net of taxes of $2
8 (1)7 
Change in fair value, net of taxes of $(1)
(5)4 (1)
Balance of accumulated income, at December 31, 2024$— $2 $2 
Reclassifications into earnings, net of taxes of $5
— (15)(15)
Change in fair value, net of taxes of $(4)
— 12 12 
Balance of accumulated loss, at December 31, 2025$— $(1)$(1)
(1) Reclassified to aircraft fuel expense for the years ended December 31, 2024 and 2023. As of December 31, 2025 and 2024, we did not have any outstanding fuel hedging contracts.
v3.25.4
Operating Segments and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of operating revenues by geographic regions
Operating revenues are allocated to geographic regions, as defined by the Department of Transportation ("DOT"), based upon the origination and destination of each flight segment. As of December 31, 2025, we served 33 locations in the Caribbean and Latin American region, or Latin America as defined by the DOT. We also served seven destinations in Europe, or Atlantic as defined by the DOT. We include the three destinations in Puerto Rico and two destinations in the U.S. Virgin Islands in our Caribbean and Latin America allocation of revenues. We have reflected these locations within the Caribbean and Latin America region in the table below. Operating revenues by geographic regions for the years ended December 31 are summarized below (in millions):
202520242023
Domestic & Canada$5,452 $5,640 $6,072 
Caribbean & Latin America3,139 3,169 3,282 
Atlantic471 470 261 
Total operating revenue$9,062 $9,279 $9,615 
v3.25.4
Special Items (Tables)
 12 Months Ended
Dec. 31, 2025
Unusual or Infrequent Items, or Both [Abstract]  
Schedule of unusual or infrequent items, or both
The following is a listing of special items presented on our consolidated statements of operations (in millions):
Year Ended December 31,
202520242023
Special Items
Severance expenses (1)
$28 $17 $— 
Spirit-related costs (2)
— 532 92 
Union contract costs (3)
— 26 105 
Embraer E190 fleet transition (4)
— 15 — 
Other special items2 1 — 
Total special items$30 $591 $197 
(1) Severance expenses for 2025 relate to severance and benefit costs associated with the Company's pilot early retirement program and restructuring of certain workgroups. Severance expenses in 2024 relate to severance and benefit costs associated with the Company's voluntary opt-out program for eligible crewmembers in operations and support center workgroups.
(2) As a result of the termination of the Merger Agreement in March 2024, we wrote off the Spirit prepayment and breakup fee discussed in Note 18. These costs also include Spirit-related consulting, professional, and legal fees. Spirit-related costs in 2023 primarily relate to consulting, professional and legal fees.
(3) Union contract costs primarily relate to pilot ratification payments and adjustments to paid-time-off accruals resulting from pay rate increases. See Note 10 for further discussion.
(4) Embraer E190 fleet transition costs in 2024 relate to the early termination of a flight-hour engine services agreement.
v3.25.4
Summary of Significant Accounting Policies - Schedule of Amortization Expense (Details) - Computer software, intangible asset
$ in Millions
Dec. 31, 2025
USD ($)
Finite-Lived Intangible Assets [Line Items]  
2026 $ 55
2027 46
2028 31
2029 15
2030 $ 5
v3.25.4
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]      
Impairment of long lived assets held for sale $ 13 $ 0 $ 0
Advertising expense $ 76 79 66
Minimum      
Finite-Lived Intangible Assets [Line Items]      
Term of contract under loyalty program 1 year    
Maximum      
Finite-Lived Intangible Assets [Line Items]      
Term of contract under loyalty program 10 years    
Computer software, intangible asset      
Finite-Lived Intangible Assets [Line Items]      
Useful life of software 5 years    
Capitalized computer software, net $ 152 138  
Amortization expense 66 72 $ 62
High density airports, take-off and landing slots      
Finite-Lived Intangible Assets [Line Items]      
Intangible assets, net (excluding goodwill) 139 $ 139  
JMP Holdings, LLC      
Finite-Lived Intangible Assets [Line Items]      
Restricted cash $ 65    
Ownership percentage, noncontrolling interest 5.00%    
TWA Flight Center Hotel      
Finite-Lived Intangible Assets [Line Items]      
Ownership percentage, noncontrolling interest 10.00%    
v3.25.4
Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives and Residual Values (Details)
Dec. 31, 2025
Aircraft  
Property, Plant and Equipment [Line Items]  
Estimated Useful Life 25 years
Residual Value 20.00%
Aircraft equipment  
Property, Plant and Equipment [Line Items]  
Residual Value 0.00%
Aircraft parts  
Property, Plant and Equipment [Line Items]  
Residual Value 10.00%
Flight equipment leasehold improvements  
Property, Plant and Equipment [Line Items]  
Residual Value 0.00%
Ground property and equipment  
Property, Plant and Equipment [Line Items]  
Residual Value 0.00%
Leasehold improvements - other  
Property, Plant and Equipment [Line Items]  
Residual Value 0.00%
Buildings on leased land  
Property, Plant and Equipment [Line Items]  
Residual Value 0.00%
Airbus A320  
Property, Plant and Equipment [Line Items]  
Estimated Useful Life 25 years
Minimum | Aircraft equipment  
Property, Plant and Equipment [Line Items]  
Estimated Useful Life 5 years
Minimum | Ground property and equipment  
Property, Plant and Equipment [Line Items]  
Estimated Useful Life 2 years
Maximum | Aircraft equipment  
Property, Plant and Equipment [Line Items]  
Estimated Useful Life 12 years
Maximum | Ground property and equipment  
Property, Plant and Equipment [Line Items]  
Estimated Useful Life 10 years
v3.25.4
Revenue Recognition - Schedule of Revenue Recognized By Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Passenger revenue      
Passenger travel $ 7,667 $ 7,983 $ 8,403
Loyalty revenue - air transportation 669 634 605
Other revenue      
Loyalty revenue 521 464 422
Other revenue 205 198 185
Total operating revenue $ 9,062 $ 9,279 $ 9,615
v3.25.4
Revenue Recognition - Schedule of Contract Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Air traffic liability - passenger travel $ 1,123 $ 1,073
Air traffic liability - loyalty program (air transportation) 1,227 1,125
Deferred revenue - passenger travel and loyalty program travel 334 389
Deferred revenue - other 25 27
Total 2,709 $ 2,614
Travel bank liabilities $ 2  
v3.25.4
Revenue Recognition - Narrative (Details) - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disaggregation of Revenue [Line Items]    
Contract with customer, liability, revenue recognized $ 1.1 $ 1.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01    
Disaggregation of Revenue [Line Items]    
Revenue, remaining performance obligation, expected timing of satisfaction, period 2 years  
v3.25.4
Revenue Recognition - Schedule of Current And Non-Current Air Traffic Liability (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue From Contract With Customer [Roll Forward]    
Beginning balance $ 1,125 $ 1,072
TrueBlue® points redeemed passenger (669) (634)
TrueBlue® points redeemed other (40) (26)
TrueBlue® points earned and sold 811 713
Ending balance $ 1,227 $ 1,125
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Finance Lease Obligations And The Related Weighted Average Interest Rate (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Jul. 29, 2024
Dec. 31, 2023
Debt Instrument [Line Items]        
Present value of future minimum lease payment $ 449 $ 116    
Finance leases 6.30% 5.80%    
Total debt and capital lease obligations $ 8,560 $ 8,618    
Less: Debt issuance costs (62) (79)    
Less: Current maturities (769) (392)    
Long-term debt and finance lease obligations 7,729 8,147    
Fixed rate special facility bonds, due through 2036        
Debt Instrument [Line Items]        
Secured debt $ 43 $ 43    
Weighted average interest rate 5.00% 5.00%    
2019-1 Series AA, due through 2032        
Debt Instrument [Line Items]        
Secured debt $ 424 $ 452    
Weighted average interest rate 2.80% 2.80%    
2019-1 Series A, due through 2028        
Debt Instrument [Line Items]        
Secured debt $ 132 $ 141    
Weighted average interest rate 3.00% 3.00%    
2019-1 Series B, due through 2027        
Debt Instrument [Line Items]        
Secured debt $ 45 $ 58    
Weighted average interest rate 8.10% 8.10%    
2020-1 Series A, due through 2032        
Debt Instrument [Line Items]        
Secured debt $ 428 $ 469    
Weighted average interest rate 4.10% 4.10%    
2020-1 Series B, due through 2028        
Debt Instrument [Line Items]        
Secured debt $ 82 $ 100    
Weighted average interest rate 7.80% 7.80%    
Fixed rate equipment notes, due through 2028        
Debt Instrument [Line Items]        
Secured debt $ 127 $ 219    
Weighted average interest rate 4.00% 4.30%    
Floating rate equipment notes, due through 2036        
Debt Instrument [Line Items]        
Secured debt $ 673 $ 742    
Weighted average interest rate 6.70% 7.40%    
Aircraft failed sale-leaseback transactions, due through 2036        
Debt Instrument [Line Items]        
Secured debt $ 2,103 $ 2,221    
Weighted average interest rate 6.90% 7.00%    
TrueBlue® senior secured notes, due through 2031        
Debt Instrument [Line Items]        
Weighted average interest rate 9.90% 9.90%    
Carrying Value $ 1,990 $ 1,988    
TrueBlue® senior secured term loan facility, due through 2029        
Debt Instrument [Line Items]        
Weighted average interest rate 8.80% 9.90%    
Carrying Value $ 744 $ 749    
Unsecured CARES Act Payroll Support Program loan, due through 2030        
Debt Instrument [Line Items]        
Weighted average interest rate 2.00% 2.00%    
Unsecured debt $ 259 $ 259    
Unsecured Consolidated Appropriations Act Payroll Support Program Extension loan, due through 2031        
Debt Instrument [Line Items]        
Weighted average interest rate 2.00% 2.00%    
Unsecured debt $ 144 $ 144    
Unsecured American Rescue Plan Act of 2021 Payroll Support loan, due through 2031        
Debt Instrument [Line Items]        
Weighted average interest rate 2.00% 2.00%    
Unsecured debt $ 132 $ 132    
0.50% convertible senior notes, due through 2026        
Debt Instrument [Line Items]        
Weighted average interest rate 0.50% 0.50%    
Carrying Value $ 325 $ 325    
Debt instrument, interest rate, stated percentage 0.50% 0.50% 0.50% 0.50%
2.50% convertible senior notes, due through 2029        
Debt Instrument [Line Items]        
Weighted average interest rate 2.50% 2.50%    
Carrying Value $ 460 $ 460    
Debt instrument, interest rate, stated percentage 2.50%      
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Fixed Rate Notes (Details)
Dec. 31, 2025
aircraft
Dec. 31, 2024
USD ($)
Dec. 31, 2022
USD ($)
Aug. 31, 2020
USD ($)
aircraft
Dec. 31, 2019
USD ($)
Nov. 30, 2019
USD ($)
aircraft
Dec. 31, 2018
USD ($)
Apr. 30, 2013
USD ($)
Fixed rate special facility bonds, due through 2036                
Debt Instrument [Line Items]                
Principal amount               $ 42,000,000
Debt instrument, net amount               43,000,000
Debt instrument, unamortized premium               $ 1,000,000
Fixed Rate Enhanced Equipment Notes, 2019-1 Equipment Notes | Long-term Debt                
Debt Instrument [Line Items]                
Principal amount           $ 772,000,000    
Fixed Rate Enhanced Equipment Notes, 2019-1 Equipment Notes | Long-term Debt | Airbus A321                
Debt Instrument [Line Items]                
Number of aircraft, secured debt transactions | aircraft           25    
2019-1 Series AA, due through 2032 | Long-term Debt                
Debt Instrument [Line Items]                
Principal amount           $ 589,000,000    
Debt instrument, interest rate, stated percentage           2.75%    
2019-1 Series A, due through 2028 | Long-term Debt                
Debt Instrument [Line Items]                
Principal amount           $ 183,000,000    
Debt instrument, interest rate, stated percentage           2.95%    
2019-1 Series B, due through 2027 | Long-term Debt                
Debt Instrument [Line Items]                
Principal amount       $ 115,000,000        
Debt instrument, interest rate, stated percentage       8.00%        
Fixed rate enhanced equipment notes, 2020-1A and B | Long-term Debt                
Debt Instrument [Line Items]                
Principal amount       $ 808,000,000        
Fixed rate enhanced equipment notes, 2020-1A and B | Long-term Debt | Airbus A321                
Debt Instrument [Line Items]                
Number of aircraft, secured debt transactions | aircraft       24        
2020-1 Series A, due through 2032 | Long-term Debt                
Debt Instrument [Line Items]                
Principal amount       $ 636,000,000        
Debt instrument, interest rate, stated percentage       4.00%        
2020-1 Series B, due through 2028 | Long-term Debt                
Debt Instrument [Line Items]                
Principal amount       $ 172,000,000        
Debt instrument, interest rate, stated percentage       7.75%        
Fixed rate equipment notes, due through 2028                
Debt Instrument [Line Items]                
Principal amount     $ 11,000,000   $ 219,000,000   $ 567,000,000  
Fixed rate equipment notes, due through 2028 | Long-term Debt | Airbus A321                
Debt Instrument [Line Items]                
Number of new aircraft held as security | aircraft 12              
2024 Floating Rate Equipment Notes                
Debt Instrument [Line Items]                
Principal amount   $ 662,000,000            
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Aircraft Failed Sale-Leaseback Transactions (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Disclosure [Abstract]      
Proceeds from failed sale-leaseback transactions $ 0 $ 668 $ 1,331
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - TrueBlue Financings (Details) - USD ($)
$ in Millions
 1 Months Ended
Feb. 28, 2025
Aug. 31, 2024
TrueBlue® senior secured notes, due through 2031 | Senior Notes    
Debt Instrument [Line Items]    
Principal amount   $ 2,000
Debt instrument, interest rate, stated percentage   9.875%
Debt instrument, redemption price, percentage   100.00%
TrueBlue® senior secured term loan facility, due through 2029 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, maximum borrowing capacity   $ 765
Debt instrument, basis spread on variable rate 4.75%  
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Payroll Loans (Details) - USD ($)
$ / shares in Units, shares in Millions
May 06, 2021
Jan. 15, 2021
Apr. 23, 2020
Sep. 29, 2020
Debt Instrument [Line Items]        
CARES act, payroll support program, total payment     $ 963,000,000  
CARES act, payroll support program, grant     $ 704,000,000  
Debt instrument term     10 years  
Class of warrant or right, outstanding (in shares)     2.7  
Class of warrant or right, exercise price of warrants or rights (in dollars per share)     $ 9.50  
Warrants and rights outstanding, term       5 years
Payroll Support 2 Payments        
Debt Instrument [Line Items]        
CARES act, payroll support program, grant   $ 436,000,000    
Debt instrument term   10 years    
Class of warrant or right, outstanding (in shares)   1.0    
Class of warrant or right, exercise price of warrants or rights (in dollars per share)   $ 14.43    
CARES Act, Payroll support program 2, total payment   $ 580,000,000    
Payroll Support 3 Payments        
Debt Instrument [Line Items]        
CARES act, payroll support program, total payment $ 541,000,000      
CARES act, payroll support program, grant $ 409,000,000      
Debt instrument term 10 years      
Class of warrant or right, outstanding (in shares) 0.7      
Class of warrant or right, exercise price of warrants or rights (in dollars per share) $ 19.90      
US Department of Treasury | Unsecured Debt        
Debt Instrument [Line Items]        
Principal amount     $ 259,000,000  
Debt instrument, interest rate, stated percentage     1.00%  
Debt instrument, basis spread on variable rate     2.00%  
US Department of Treasury | Unsecured Debt | Payroll Support 2 Payments        
Debt Instrument [Line Items]        
Principal amount   $ 144,000,000    
Debt instrument, interest rate, stated percentage   1.00%    
Debt instrument, basis spread on variable rate   2.00%    
US Department of Treasury | Unsecured Debt | Payroll Support 3 Payments        
Debt Instrument [Line Items]        
Principal amount $ 132,000,000      
Debt instrument, interest rate, stated percentage 1.00%      
Debt instrument, basis spread on variable rate 2.00%      
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Convertible Notes (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Convertible Senior Notes Due 2026 | Convertible Debt    
Debt Instrument [Line Items]    
Principal amount $ 325 $ 325
Less: Unamortized debt issuance costs 0 2
Carrying Value 325 323
2.50% convertible senior notes, due through 2029    
Debt Instrument [Line Items]    
Carrying Value 460 460
2.50% convertible senior notes, due through 2029 | Convertible Debt    
Debt Instrument [Line Items]    
Principal amount 460 460
Less: Unamortized debt issuance costs 8 10
Carrying Value $ 452 $ 450
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Senior Notes and General Debt (Details)
 1 Months Ended 12 Months Ended
Aug. 31, 2024
USD ($)
$ / shares
Mar. 31, 2021
USD ($)
day
$ / shares
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Aug. 16, 2024
USD ($)
Debt Instrument [Line Items]            
Gain on debt extinguishments     $ 0 $ 22,000,000 $ 0  
Repayment of long-term debt     461,000,000 748,000,000 347,000,000  
Pledged assets not separately reported flight equipment     7,300,000,000      
Interest paid, including capitalized interest, operating and investing activities     $ 427,000,000 230,000,000 80,000,000  
Convertible Senior Notes Due 2026 | Convertible Debt            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage   0.50% 0.50%      
Principal amount   $ 750,000,000        
Proceeds from offering   $ 734,000,000        
Debt instrument, conversion ratio   0.0385802        
Debt instrument, convertible ratio (in dollars per share) | $ / shares   $ 25.92        
Debt extinguishment expense     $ 425,000,000      
Gain on debt extinguishments       22,000,000    
Effective percentage     0.50%      
Interest expense     $ 3,000,000 6,000,000 7,000,000  
Debt issuance costs amortization     2,000,000 3,000,000 3,000,000  
Carrying Value     325,000,000 323,000,000    
Contractual interest expense     $ 1,000,000 3,000,000 $ 4,000,000  
Convertible Senior Notes Due 2026 | Convertible Debt | Debt Instrument, Redemption, Period One            
Debt Instrument [Line Items]            
Debt instrument, redemption price, percentage   100.00%        
Trading days | day   20        
Convertible Senior Notes Due 2026 | Convertible Debt | Debt Instrument, Redemption, Period Two            
Debt Instrument [Line Items]            
Debt instrument, redemption price, percentage   130.00%        
Trading days | day   30        
2.50% convertible senior notes, due through 2029            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage     2.50%      
Carrying Value     $ 460,000,000 460,000,000    
2.50% convertible senior notes, due through 2029 | Convertible Debt            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage 2.50%   2.50%      
Principal amount $ 460,000,000         $ 400,000,000
Debt instrument, conversion ratio 0.1633987          
Debt instrument, convertible ratio (in dollars per share) | $ / shares $ 6.12          
Debt instrument, redemption price, percentage 100.00%          
Effective percentage     2.54%      
Interest expense     $ 14,000,000 5,000,000    
Debt issuance costs amortization     2,000,000 1,000,000    
Carrying Value     452,000,000 450,000,000    
Contractual interest expense     $ 12,000,000 $ 4,000,000    
2.50% convertible notes, due through 2029, additional option | Convertible Debt            
Debt Instrument [Line Items]            
Principal amount           $ 60,000,000
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Maturities Of Our Debt and Finance Leases (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Debt Disclosure [Abstract]  
2026 $ 755
2027 411
2028 516
2029 1,768
2030 589
Thereafter $ 4,459
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Schedule of Carrying Amounts and Estimated Fair Value of Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Carrying Value    
Debt Instrument [Line Items]    
Carrying Value $ 8,498 $ 8,539
Estimated Fair Value    
Debt Instrument [Line Items]    
Estimated Fair Value $ 7,829 $ 8,337
v3.25.4
Long-term Debt, Short-term Borrowings and Finance Lease Obligations - Short Term Debt Borrowings (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Jul. 29, 2024
Dec. 31, 2023
Oct. 21, 2022
Morgan Stanley | Line of Credit | Revolving Credit Facility and Letter of Credit Facility          
Debt Instrument [Line Items]          
Long-term line of credit $ 0 $ 0      
Line of credit facility, current borrowing capacity 200,000,000        
Second Amended And Restated Agreement | Citibank | Line of Credit          
Debt Instrument [Line Items]          
Line of credit facility, maximum borrowing capacity         $ 600,000,000
Long-term line of credit $ 0 $ 0      
0.50% convertible senior notes, due through 2026          
Debt Instrument [Line Items]          
Debt instrument, interest rate, stated percentage 0.50% 0.50% 0.50% 0.50%  
v3.25.4
Leases - Lease - Schedule of Related Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Operating lease assets $ 868 $ 550
Finance lease assets $ 444 $ 115
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Total lease assets $ 1,312 $ 665
Current:    
Operating lease liabilities 79 93
Less: current obligations under leases $ 79 $ 15
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List] Long-Term Debt and Lease Obligation, Current Long-Term Debt and Lease Obligation, Current
Long-term:    
Operating lease liabilities $ 839 $ 510
Long-term lease obligations $ 370 $ 101
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Long-term debt and finance lease obligations Long-term debt and finance lease obligations
Total lease liabilities $ 1,367 $ 719
Weighted average remaining lease term (in years)    
Operating leases 14 years 8 years
Finance leases 6 years 7 years
Weighted average discount rate    
Operating leases 7.00% 7.10%
Finance leases 6.30% 5.80%
v3.25.4
Leases - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
aircraft
transaction
engine
Dec. 31, 2024
USD ($)
transaction
Lessee, Lease, Description [Line Items]    
Operating aircraft leases, minimum remaining lease term 1 month  
Operating aircraft leases, maximum remaining lease term 3 years  
Finance leases, number of spare engines | engine 34  
Operating leases, number of spare engines | engine 41  
Number of transactions | transaction 8 2
Gain on sale leaseback transactions | $ $ 84 $ 17
Facility leases, minimum lease term remaining 2 months  
Facility leases, maximum lease term remaining 17 years  
Aircraft    
Lessee, Lease, Description [Line Items]    
Number of aircraft operated 288  
Number of aircraft accounted for under operating leases 10  
Finance lease, number of aircraft leases 3  
v3.25.4
Leases - Schedule of Lease Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease cost $ 133 $ 139 $ 167
Short-term lease cost 5 5 2
Amortization of assets 27 7 0
Interest on lease liabilities 16 3 0
Variable lease cost 594 607 614
Sublease income (20) (23) (20)
Total net lease cost $ 755 $ 738 $ 763
v3.25.4
Leases - Schedule of Other Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating cash flows for operating leases $ 155 $ 162 $ 168
Operating cash flows for finance leases 16 3 0
Financing cash flows for finance leases $ 67 $ 6 $ 2
v3.25.4
Leases - Schedule of Lease Schedule of Commitments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Operating Leases    
2026 $ 139  
2027 128  
2028 110  
2029 89  
2030 84  
Thereafter 938  
Total minimum lease payments 1,488  
Less: amount of lease payment representing interest (570)  
Present value of future minimum lease payment 918  
Less: current obligations under leases (79) $ (93)
Operating lease liabilities 839 510
Finance Leases    
2026 105  
2027 60  
2028 60  
2029 60  
2030 60  
Thereafter 219  
Total minimum lease payments 564  
Less: amount of lease payment representing interest (115)  
Present value of future minimum lease payment 449 116
Less: current obligations under leases (79) (15)
Long-term lease obligations $ 370 $ 101
v3.25.4
Stockholders' Equity (Details) - shares
shares in Millions
Dec. 31, 2025
Dec. 31, 2024
Stockholders' Equity Note [Abstract]    
Common stock reserved for issuance (in shares) 19.2  
Treasury stock, shares (in shares) 161.8 160.0
v3.25.4
Loss Per Share - Narrative (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]      
Antidilutive securities excluded from computation of loss per share, amount (in shares) 7.4 4.4 2.0
v3.25.4
Loss Per Share - Schedule of Computed Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]      
Net loss $ (602) $ (795) $ (310)
Weighted average basic shares (in shares) 362.1 346.0 332.9
Effect of dilutive securities (in shares) 0.0 0.0 0.0
Weighted average diluted shares 362.1 346.0 332.9
Basic (in dollars per share) $ (1.66) $ (2.30) $ (0.93)
Diluted (in dollars per share) $ (1.66) $ (2.30) $ (0.93)
v3.25.4
Share-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 1 Months Ended 12 Months Ended
May 31, 2024
May 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
May 31, 2020
May 14, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized stock-based compensation expense     $ 37        
Number of years expected to recognize stock-based compensation     20 months        
Share-based payment arrangement, expense     $ 40 $ 39 $ 39    
Share-based compensation arrangement by Share-based payment award, number of shares authorized (in shares)             10.5
Shares issued following the director's departure from the board     6 months 1 day        
CSPP offering period     6 months        
Outstanding voting securities     50.00%        
Exercise price of purchasing rights as percentage of fair market value per share in case of acquisition     85.00%        
2020 Omnibus Equity Incentive Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based compensation arrangement by Share-based payment award, number of shares authorized (in shares)     35.5        
Share-based compensation arrangement by share-based payment award, number of additional shares authorized (in shares) 15.0 10.0          
Restricted Stock Unit Activity Under 2020 Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unvested restricted stock units (in shares)     8.0 7.0      
Granted (in shares)     6.0        
JetBlue Airways Corporation 2020 Crewmember Stock Purchase Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based compensation arrangement by Share-based payment award, number of shares authorized (in shares)     52.5     17.5  
Share-based compensation arrangement by share-based payment award, number of additional shares authorized (in shares) 25.0 10.0          
Crewmember Stock Purchase Plan 2011              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Employees contribution towards purchase of common stock     10.00%        
Purchase price discount based upon the stock price     15.00%        
Employee stock purchase plan (ESPP), expense     $ 9 $ 11 $ 9    
Stock issued under crewmember stock purchase plan (in shares)     14.8 12.2 11.2    
Share-based compensation arrangement by share-based payment award, per share weighted average price of shares purchased (in dollars per share)     $ 3.54 $ 4.90 $ 4.67    
Restricted Stock Units (RSUs)              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unvested restricted stock units (in shares)     10.7        
Restricted Stock Units (RSUs) | Restricted Stock Unit Activity Under 2020 Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based compensation aggregate intrinsic value, vested     $ 22        
Deferred Stock Units (DSU's)              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Minimum vesting period     1 year        
Maximum vesting period     3 years        
Performance Shares              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Granted (in shares)     2.5 1.5 1.8    
v3.25.4
Share-Based Compensation - Schedule of RSU Activity (Details) - Restricted Stock Unit Activity Under 2020 Plan
shares in Millions
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
Shares  
Nonvested at beginning of year (in shares) | shares 7.0
Granted (in shares) | shares 6.0
Vested (in shares) | shares (4.0)
Forfeited (in shares) | shares (1.0)
Nonvested at end of year (in shares) | shares 8.0
Weighted Average Grant Date Fair Value  
Nonvested at beginning of year (in dollars per share) | $ / shares $ 7.41
Granted (in dollars per share) | $ / shares 5.94
Vested (in dollars per share) | $ / shares 7.81
Forfeited (in dollars per share) | $ / shares 6.48
Nonvested at end of year (in dollars per share) | $ / shares $ 6.37
v3.25.4
Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Deferred:      
Federal $ 158 $ 93 $ 43
State 25 28 6
Foreign 0 (11) (22)
Deferred income tax benefit 183 110 27
Current:      
Federal 0 0 1
State (3) 0 1
Foreign (8) (8) (5)
Current income tax expense (11) (8) (3)
Total income tax benefit $ 172 $ 102 $ 24
v3.25.4
Income Taxes - Schedule of Effective Tax Rate On Income Before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Income tax benefit at statutory rate $ 163 $ 188 $ 70
Other (1) 3 22
Nontaxable or nondeductible items (12) (13) (14)
Total income tax benefit $ 172 $ 102 $ 24
Percent      
Income tax benefit at statutory rate 21.00% 21.00% 21.00%
Other (0.10%) 0.30% 6.60%
Nontaxable or nondeductible items (1.60%) (1.50%) (4.50%)
Total income tax benefit 22.30% 11.30% 7.20%
NYC      
Amount      
State income tax, net of federal benefit $ 12 $ 13 $ 4
Percent      
State income tax, net of federal benefit 1.60% 1.50% 1.20%
Other State      
Amount      
State income tax, net of federal benefit $ 11 $ 15 $ 3
Percent      
State income tax, net of federal benefit 1.40% 1.70% 0.90%
Puerto Rico      
Amount      
Changes in valuation allowance $ 105 $ (15) $ (4)
Tax holiday (61) 0 0
Other, net $ 0 $ 11 $ (4)
Percent      
Changes in valuation allowance 13.60% (1.70%) (1.20%)
Tax holiday (7.90%) 0.00% 0.00%
Other, net 0.00% 1.20% (1.20%)
Other Foreign      
Amount      
Other Foreign Countries $ (8) $ (20) $ (37)
Percent      
Other Foreign Countries (1.00%) (2.20%) (11.10%)
United States      
Amount      
Changes in valuation allowance $ 11 $ (87) $ (15)
Tax holiday (44) 0 0
Other, net $ (4) $ 7 $ (1)
Percent      
Changes in valuation allowance 1.40% (9.70%) (4.20%)
Tax holiday (5.70%) 0.00% 0.00%
Other, net (0.40%) 0.70% (0.30%)
v3.25.4
Income Taxes - Schedule of Components Of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Deferred revenue/gains $ 262 $ 242
Employee benefits 105 106
Foreign tax credit 0 44
Other credits 14 13
Net operating loss carryforward 1,218 1,082
Interest expense limitation carryforward 181 110
Operating lease liabilities 240 145
Rent expense 4 12
Capital loss carryforward 110 125
Sec. 174 research activities 38 34
Other 17 18
Total deferred tax assets 2,189 1,931
Valuation allowance (133) (238)
Deferred tax assets, net 2,056 1,693
Deferred tax liabilities:    
Property and equipment (2,233) (2,168)
Operating lease assets (227) (131)
Other (43) (27)
Total deferred tax liabilities (2,503) (2,326)
Net deferred tax liability $ (447) $ (633)
v3.25.4
Income Taxes - NOL Carryforward (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Operating Loss Carryforwards [Line Items]  
NOL carryforwards $ 1,200
Federal  
Operating Loss Carryforwards [Line Items]  
NOL carryforwards 1,000
State  
Operating Loss Carryforwards [Line Items]  
NOL carryforwards 183
Foreign  
Operating Loss Carryforwards [Line Items]  
NOL carryforwards $ 9
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Operating Loss Carryforwards [Line Items]    
Valuation allowance $ 133 $ 238
Unrecognized tax benefits that would impact effective tax rate 9  
Capital loss carryforward    
Operating Loss Carryforwards [Line Items]    
Tax credit carryforward 110  
Foreign    
Operating Loss Carryforwards [Line Items]    
Operating loss carryforwards, valuation allowance 9  
State    
Operating Loss Carryforwards [Line Items]    
Operating loss carryforwards, valuation allowance $ 14  
v3.25.4
Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]      
Unrecognized tax benefits, beginning balance $ 31 $ 25 $ 26
Increases for tax positions taken during the period 1 8 0
Decreases for tax positions taken during the period (2) (1) (5)
Increases for tax positions taken during a prior period 0 0 5
Decreases for tax positions taken during a prior period (1) (1) (1)
Unrecognized tax benefits, ending balance $ 29 $ 31 $ 25
v3.25.4
Income Taxes - Schedule of Income Taxes Paid (Net of Refunds) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Examination [Line Items]      
U.S. Federal $ (1)    
Total (2) $ 2 $ (49)
NYC      
Income Tax Examination [Line Items]      
Other State (5)    
Other State      
Income Tax Examination [Line Items]      
Other State 0    
Dominican Republic      
Income Tax Examination [Line Items]      
Other Foreign 7    
Haiti      
Income Tax Examination [Line Items]      
Other Foreign 1    
Puerto Rico      
Income Tax Examination [Line Items]      
Other Foreign (4)    
Other Foreign      
Income Tax Examination [Line Items]      
Other Foreign $ 0    
v3.25.4
Crewmember Retirement Plan (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Jan. 01, 2021
Jan. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Percentage of compensation in cash     100.00%    
Percentage of employees' pay     5.00%    
Years of service     3 years    
Percentage of company contribution to pilots retirement program 17.00%        
Pilots retirement vesting period     3 years    
Defined contribution plan, cost     $ 300 $ 264 $ 271
Retirement Plus          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Percentage of employees' pay         3.00%
Retirement Non-elective Crewmember          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Percentage of employees' pay   5.00%      
Years of service   3 years      
Percentage of increase in pay   8.00%      
v3.25.4
Commitments - Schedule of Flight Equipment Commitments (Details)
$ in Millions
Dec. 31, 2025
USD ($)
aircraft
Unrecorded Unconditional Purchase Obligation [Line Items]  
2026 | $ $ 641
2027 | $ 302
2028 | $ 519
2029 | $ 444
2030 | $ 398
Thereafter | $ 3,375
Total | $ $ 5,679
2026 15
2027 5
2028 11
2029 10
2030 4
Thereafter 41
Total 86
Airbus A220  
Unrecorded Unconditional Purchase Obligation [Line Items]  
2026 14
2027 5
2028 11
2029 10
2030 1
Thereafter 0
Total 41
Airbus A321neo  
Unrecorded Unconditional Purchase Obligation [Line Items]  
2026 1
2027 0
2028 0
2029 0
2030 3
Thereafter 41
Total 45
Number of available aircraft 1
v3.25.4
Commitments - Narrative (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Jan. 31, 2023
USD ($)
Dec. 31, 2025
USD ($)
term
airbus
airframe
engine
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jul. 14, 2022
instructor
Unrecorded Unconditional Purchase Obligation [Line Items]          
Assets held for sale   $ 138 $ 33    
Restricted cash and cash equivalents   72      
Escrow deposit   100      
Restricted assets pledged under letter of credit   60      
Restricted assets pledged related to workers compensation insurance policies and other business partner agreements   $ 52      
Number of renewal terms, option one | term   1      
Lease renewal term, one   10 years      
Number of renewal terms, option two | term   2      
Lease renewal term, two   5 years      
Lessee, operating lease, liability, to be paid, year one   $ 5      
Lessee, operating lease, liability, to be paid, year two   5      
Lessee, operating lease, liability, to be paid, year three   5      
Over the remainder of the term   $ 61      
Percentage of employees represented by unions under collective bargaining agreements   49.00%      
Percentage of employees represented by unions under collective bargaining agreements, will become amendable within one year   22.00%      
Number of flight instructor | instructor         35
One-time bonus payment $ 95        
Contract extension period 2 years        
Union contract costs $ 26 $ 0 $ 26 $ 105  
Employment agreement   5 years      
Employment agreement automatic renewal term   5 years      
Renewal notice period   90 days      
Embraer E190          
Unrecorded Unconditional Purchase Obligation [Line Items]          
Number of airframes sold | airframe   25      
Number of engines sold | engine   60      
Gain on disposition of equipment   $ 32      
JMP Holdings, LLC          
Unrecorded Unconditional Purchase Obligation [Line Items]          
Letters of credit   $ 65      
Ownership percentage   5.00%      
Embraer E190          
Unrecorded Unconditional Purchase Obligation [Line Items]          
Number of aircraft | airbus   11      
Number of aircraft owned | airbus   8      
Number of aircraft awaiting lease return | airbus   3      
v3.25.4
Contingencies (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]    
Maximum period of limit for loan repayment 12 years  
Maximum period of limit for repayment regarding leases with foreign lenders 25 years  
Maximum period of contract range of specified parties related to legal liability 25 years  
Asset retirement obligations, noncurrent $ 3 $ 10
v3.25.4
Financial Derivative Instruments and Risk Management - Hedging Effectiveness (Details) - Aircraft Fuel Derivatives - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Fuel Costs Fuel Costs Fuel Costs
Hedge effectiveness gains (losses) recognized in aircraft fuel expense $ 0 $ (10) $ 7
Percentage of actual consumption economically hedged 0.00% 24.00% 25.00%
Comprehensive Income      
Derivative Instruments, Gain (Loss) [Line Items]      
Hedge (gains) losses on derivatives recognized in comprehensive income (loss) $ 0 $ 6 $ (1)
v3.25.4
Financial Derivative Instruments and Risk Management - Narrative (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Aircraft Fuel Derivatives    
Derivative [Line Items]    
Offsetting derivative instruments $ 0 $ 0
v3.25.4
Fair Value - Schedule of Fair Value Hierarchy (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Available-for-sale investment securities $ 67 $ 1,621
Fair Value, Recurring    
Assets    
Cash equivalents 1,646 1,921
Restricted cash equivalents 72 89
Available-for-sale investment securities 67 1,621
Fair Value, Recurring | Level 1    
Assets    
Cash equivalents 1,628 1,921
Restricted cash equivalents 72 89
Available-for-sale investment securities 0 0
Fair Value, Recurring | Level 2    
Assets    
Cash equivalents 18 0
Restricted cash equivalents 0 0
Available-for-sale investment securities 60 1,609
Fair Value, Recurring | Level 3    
Assets    
Cash equivalents 0 0
Restricted cash equivalents 0 0
Available-for-sale investment securities $ 7 $ 12
v3.25.4
Fair Value - Schedule of Held to Maturity Investment Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Carrying Value    
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity investment securities $ 464 $ 404
Estimated Fair Value    
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity investment securities $ 464 $ 400
v3.25.4
Fair Value - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
engine
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Long-Lived Assets Held-for-Sale [Line Items]      
Impairment of long lived assets held for sale | $ $ 13 $ 0 $ 0
IAE V2500 Engine      
Long-Lived Assets Held-for-Sale [Line Items]      
Number of engines 20    
Embraer E190 Engine      
Long-Lived Assets Held-for-Sale [Line Items]      
Number of engines 1    
v3.25.4
Investments - Short-Term and Long-Term Investment Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Investment securities    
Available-for-sale investment securities $ 67 $ 1,621
Held-to-maturity investment securities 464 404
Total investments in debt securities 531 2,025
Time deposits    
Investment securities    
Available-for-sale investment securities 0 1,148
Commercial paper    
Investment securities    
Available-for-sale investment securities 60 461
Debt securities    
Investment securities    
Available-for-sale investment securities 7 12
Corporate bonds    
Investment securities    
Held-to-maturity investment securities $ 464 $ 404
v3.25.4
Investments - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]      
Change in fair value $ 12 $ (1) $ 2
Debt securities, realized gain (loss) 15 1 1
Available-for-sale securities      
Debt and Equity Securities, FV-NI [Line Items]      
Change in fair value $ 12 $ 4 $ 1
v3.25.4
Investments - Equity Investments (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]      
Equity method investments $ 109,000,000 $ 77,000,000  
JetBlue Ventures equity investments 89,000,000 84,000,000  
TWA Flight Center 13,000,000 13,000,000  
Total equity investments 211,000,000 174,000,000  
Schedule of Equity Method Investments [Line Items]      
Realized (loss) recognized in gain (loss) on investments, net $ (4,000,000) (7,000,000) $ 2,000,000
TWA Flight Center Hotel      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage 10.00%    
Realized (loss) recognized in gain (loss) on investments, net $ 0 $ 0 $ 0
v3.25.4
Investments - Equity Securities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]      
Realized gain (loss) recognized in gain (loss) on investments, net $ (4) $ (7) $ 2
Unrealized loss recognized in gain (loss) on investments, net 2 (21) 0
Realized gain recognized in gain (loss) on investments, net 0 0 4
Unrealized gain recognized in gain (loss) on investments, net $ 0 $ 0 $ 2
v3.25.4
Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accumulated other comprehensive income (loss), net of taxes      
Beginning balance $ 2,641 $ 3,337 $ 3,563
Reclassifications into earnings, net of tax (15) 7 (6)
Change in fair value 12 (1) 2
Ending balance 2,120 2,641 3,337
Reclassifications into earnings, tax 5 2 2
Change in fair value, tax (4) (1) 0
Accumulated Other Comprehensive Income (Loss)      
Accumulated other comprehensive income (loss), net of taxes      
Beginning balance 2 (4) 0
Ending balance (1) 2 (4)
Aircraft Fuel Derivatives      
Accumulated other comprehensive income (loss), net of taxes      
Beginning balance 0 (3) 1
Reclassifications into earnings, net of tax 0 8 (5)
Change in fair value 0 (5) 1
Ending balance 0 0 (3)
Available-for-sale securities      
Accumulated other comprehensive income (loss), net of taxes      
Beginning balance 2 (1) (1)
Reclassifications into earnings, net of tax (15) (1) (1)
Change in fair value 12 4 1
Ending balance $ (1) $ 2 $ (1)
v3.25.4
Operating Segments and Geographic Information (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
destination
segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting Information [Line Items]      
Number of reportable segments | segment 1    
Number of operating segments | segment 1    
Summarization of operating revenues by geographic regions      
Total operating revenue | $ $ 9,062 $ 9,279 $ 9,615
Europe      
Segment Reporting Information [Line Items]      
Number of destinations management served | destination 7    
Puerto Rico      
Segment Reporting Information [Line Items]      
Number of destinations management served | destination 3    
U.S Virgin Islands      
Segment Reporting Information [Line Items]      
Number of destinations management served | destination 2    
Domestic & Canada      
Summarization of operating revenues by geographic regions      
Total operating revenue | $ $ 5,452 5,640 6,072
Caribbean & Latin America      
Segment Reporting Information [Line Items]      
Number of destinations management served | destination 33    
Summarization of operating revenues by geographic regions      
Total operating revenue | $ $ 3,139 3,169 3,282
Atlantic      
Summarization of operating revenues by geographic regions      
Total operating revenue | $ $ 471 $ 470 $ 261
v3.25.4
Special Items (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Jan. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Unusual or Infrequent Items, or Both [Abstract]        
Severance expenses   $ 28 $ 17 $ 0
Spirit-related costs   0 532 92
Union contract costs $ 26 0 26 105
Embraer E190 fleet transition   0 15 0
Other special items   2 1 0
Total special items   $ 30 $ 591 $ 197
v3.25.4
Termination of Merger Agreement with Spirit (Details)
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended 29 Months Ended
Nov. 03, 2022
plaintiff
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Mar. 05, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jul. 28, 2022
$ / shares
Business Combination, Separately Recognized Transaction [Line Items]                
Valuation allowance     $ 238 $ 238 $ 133      
Government Merger Lawsuit                
Business Combination, Separately Recognized Transaction [Line Items]                
Number of plaintiffs | plaintiff 25              
Spirit                
Business Combination, Separately Recognized Transaction [Line Items]                
Reverse break-up fee           $ 69    
Payment of ticking fee, per share (in dollars per share) | $ / shares               $ 0.10
Payment for spirit airlines acquisition     22 425        
Frontier transaction costs   $ 25            
Valuation allowance   $ 123 $ 105 $ 105     $ 18  
v3.25.4
Schedule II - Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Valuation and Qualifying Accounts      
Balance at beginning of period $ 287 $ 191 $ 123
Additions Charged to Costs and Expenses 30 137 94
Deductions 141 41 26
Balance at end of period 176 287 191
Valuation allowance for deferred tax assets      
Valuation and Qualifying Accounts      
Balance at beginning of period 238 153 90
Additions Charged to Costs and Expenses 14 126 69
Deductions 119 41 6
Balance at end of period 133 238 153
Allowance for obsolete spare parts      
Valuation and Qualifying Accounts      
Balance at beginning of period 43 35 29
Additions Charged to Costs and Expenses 9 8 6
Deductions 15 0 0
Balance at end of period 37 43 35
Allowance for credit losses      
Valuation and Qualifying Accounts      
Balance at beginning of period 6 3 4
Additions Charged to Costs and Expenses 7 3 19
Deductions 7 0 20
Balance at end of period $ 6 $ 6 $ 3