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Research Summary. JetBlue is one of the most popular airlines in the United States. Known for its passenger-first culture and its convenient routes, JetBlue has made a name for itself as an affordable yet classy travel option. Since being founded in 1998, JetBlue has taken to the skies literally and figuratively.
JetBlue had 30.1 million passengers in 2021.
JetBlue has 22,000 employees.
Jetblue has 282 aircraft, 220 of which are owned while the other 62 are leased.
JetBlue’s revenue was $6 billion in 2021.
JetBlue has 107 destinations.
This includes 31 states, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America.
Jetblue serves 25 countries.
JetBlue primarily focuses on the U.S. but also has a reach in Canada, Mexico, Aruba, Bahamas, Barbados, Bermuda, Cayman Islands, Costa Rica, Cuba, Curaçao, Dominican Republic, Grenada, Guadeloupe, Guatemala, Haiti, San Pedro Sula, Honduras, Jamaica, Saint Lucia, Saint Maarten, Trinidad and Tobago, and Turks and Caicos.
JetBlue had 26,000 flights in December 2021, averaging 840 a day.
JetBlue is a busy airline with enough flights to hit up all their destinations at least once a day.
Over 73.4% of JetBlue flights are on time.
This ranks JetBlue in the top ten punctual airlines in the United States.
JetBlue had an average passenger load factor of 76% in 2021.
JetBlue, like most airlines, still hasn’t seen its occupancy rate reach pre-pandemic levels; however, it is on the rise.
JetBlue’s Loyalty Program made $306 million in revenue in 2021.
JetBlue’s loyalty program is a key component of this business model as it allows them to retain customers for consistent revenue flow.
In 2021, JetBlue moved 15.6 million tons of cargo.
Broken up, JetBlue shipped 12.41 million tons domestically and 3.19 million tons internationally.
JetBlue’s domestic market share is 5.3%.
While not as large as the top competitor, American Airlines, which is around 19%, JetBlue still has a sizable share of the domestic market.
JetBlue is valued at around $5.5 billion.
This is based on the latest estimates. JetBlue’s net worth is around $3.5 billion.
In 2020, JetBlue was ranked at 394 on the Fortune 500 List.
Unfortunately, due to the Pandemic, this rank fell to 752 in 2021; however, there is plenty of chance for JetBlue’s rank to rise again in 2022.
The average passenger load factor for JetBlue remained stable up until the Pandemic.
As this table shows, JetBlue still has some work to do to get back to its original occupancy rates.
| Year | Domestic Occupancy Rate | International Occupancy Rate | Total Occupancy Rate |
|---|---|---|---|
| 2016 | 84.59% | 80.53% | 82.43% |
| 2017 | 84.57% | 80.64% | 82.47% |
| 2018 | 84.46% | 81.68% | 82.98% |
| 2019 | 85.11% | 82.72% | 83.85% |
| 2020 | 58.90% | 57.60% | 58.39% |
| 2021 | 77.68% | 56.06% | 69.75% |
The total number of passengers was increasing significantly for JetBlue up until the Pandemic.
Particularly for international flights, JetBlue still has yet to reach pre-pandemic levels.
| Year | Domestic Passengers | International Passengers | Total Passengers |
|---|---|---|---|
| 2016 | 719,996,828 | 211,992,471 | 931,989,299 |
| 2017 | 741,735,098 | 223,029,847 | 964,764,945 |
| 2018 | 777,972,787 | 235,239,717 | 1,013,212,504 |
| 2019 | 811,545,260 | 241,435,921 | 1,052,981,181 |
| 2020 | 335,607,840 | 63,047,151 | 398,654,991 |
| 2021 | 605,927,200 | 94,176,843 | 700,104,043 |
Thanks to rebounding from the Pandemic, JetBlue increased revenue in 2021 by nearly $3 billion.
Although not yet at 2019 revenue levels, JetBlue should be happy with its recovery from 2020.
| Year | Revenue (billions) |
|---|---|
| 2012 | $4.98 |
| 2013 | $5.44 |
| 2014 | $5.82 |
| 2015 | $6.41 |
| 2016 | $6.63 |
| 2017 | $7.01 |
| 2018 | $7.66 |
| 2019 | $8.10 |
| 2020 | $2.96 |
| 2021 | $6.04 |
JetBlue saw their total number of passengers grow by 70.17% in 2021.
After suffering serious drawbacks due to the Pandemic, JetBlue is seeing important growth in its passenger totals.
| Year | Total Passengers | Change |
|---|---|---|
| 2019 | 42,830,602 | N/A |
| 2020 | 14,298,161 | -66.62% |
| 2021 | 24,330,453 | 70.17% |
In 2021, JetBlue had 213,275 flights in 2021.
Compared to 2020, when JetBlue had 168,955 passengers, this is an important step in JetBlue’s growth.
| Year | Domestic Flights | International Flights | Total Passengers |
|---|---|---|---|
| 2019 | 294,663 | 74,565 | 369,228 |
| 2020 | 136,587 | 32,368 | 168,955 |
| 2021 | 200,196 | 53,098 | 213,275 |
JetBlue has experienced net losses over the last two years.
This is due to the Pandemic. JetBlue expects to turn a profit in the coming years as the market recovers.
| Year | Income/Loss (millions) |
|---|---|
| 2012 | $127,284 |
| 2013 | $167,967 |
| 2014 | $395,630 |
| 2015 | $677,092 |
| 2016 | $758,628 |
| 2017 | $1,147,275 |
| 2018 | $188,224 |
| 2019 | $568,967 |
| 2020 | $-1,354,292 |
| 2021 | $-182,386 |
How many people fly with JetBlue Airlines each year?
In 2021, over 24 million people flew JetBlue. This is a dramatic rebound from 2020 when, due to the Covid Pandemic, JetBlue saw its passenger total drop to around 14 million people. However, JetBlue’s 2021 levels are still not near where they were before the Pandemic, when JetBlue had nearly 43 million passengers.
Although this is concerning, JetBlue is still in good shape for recovery. Compared to other airlines in the industry, JetBlue’s changes in growth are normal. In fact, it might be recovering better than some airlines.
Is JetBlue Airlines the most popular airline in the United States?
No, in terms of market share, JetBlue is not the most popular airline in the United States. However, with its 5.3% market share, JetBlue still retains a significant position in the industry.
JetBlue ranks sixth in market share. American, Southwest, Delta, United, and Alaska all rank ahead of JetBlue, with 18.6%, 17.5%, 16.6%, 13.2%, and 5.5% market shares, respectively.
How many people work for JetBlue Airlines?
22,000 people work for JetBlue. This makes JetBlue a moderate size employer in the airline industry. Some companies, such as Southwest Airlines, employ roughly double the number of people as JetBlue does.
This may explain why JetBlue has a smaller amount of revenue, value, and market share compared to competitors. Still, JetBlue’s employment numbers give it weight in the industry and make it an attractive job opportunity.
How much is JetBlue Airlines worth?
JetBlue is valued at $5.5 billion, with a net worth of around $3.5 billion. This is based on the latest estimates that calculate share price, alongside assets and liabilities.
This value reflects JetBlue’s value within the domestic airline industry. Although not as big as the top competitors, JetBlue’s sizable worth is one that is recognized and sought by many investors.
How many aircraft does JetBlue Airlines have?
Jetblue has 282 aircraft. 220 of these aircraft are owned by JetBlue, while the other 62 are leased. This ratio is quite common in the industry. Most airlines own the majority of their aircraft; however, sometimes extra aircraft are needed, and a leasing agreement makes more sense for the company.
What is JetBlue Airlines’ annual revenue?
In 2021, JetBlue’s annual revenue was just over $6 billion. This is a dramatic increase when compared to 2020. Due to the Covid Pandemic, JetBlue only made just under $3 billion in revenue.
Before the Pandemic in 2019, JetBlue’s revenue was just over $8 billion. These figures show that JetBlue is making steady gains to recover from the Pandemic and seek large long-term growth.
JetBlue is a significant player in the domestic airline industry. With its 5% market share and $6 billion revenue, JetBlue shows that it has the resources to make a statement against other competitors. Especially when considering the effects of the Covid Pandemic, JetBlue has seen serious growth in the last year.
It may not yet have reached its 2019 levels, but JetBlue’s turnaround is still one to be admired. Based on the last several years of data, as long as the industry remains stable, JetBlue will continue to grow. This is important to consider if you are an employee, investor, or even a customer.
JetBlue clearly provides a quality service that is recognized by all its stakeholders. Jetblue is a strong company with the potential to get even stronger.
Statista. “JetBlue Airways - statistics & facts.” Accessed May 4, 2022.
United States Securities Exchange Commission. “JetBlue Form 10-K.” Accessed May 4, 2022.
Boston.com. “Report: JetBlue is among the 10 most punctual airlines in the U.S.” Accessed May 4, 2022.
United States Department of Transportation. “JetBlue Data.” Accessed May 4, 2022.
Yahoo Finance. “JetBlue Airways Corporation (JBLU).” Accessed May 4,2022.
MacroTrends. “JetBlue Airways Net Worth 2010-2022.” Accessed May 4, 2022.
Fortune 500. “JetBlue Airways.” Accessed May 4, 2022.
Wall Street Journal. “JetBlue Airways Corp.” Accessed May 4, 2022.
Expanded Ramblings. “JetBlue Statistics, Passenger Count, Revenu Totals, Facts & News (2022).” Accessed May 4, 2022.