Jetblue Airways (JBLU) risk factors, FY2025 10-K

Jetblue Airways's FY2025 10-K, filed Feb 12, 2026, lists 38 risk factors in 4 groups. Against the prior year's 41: 2 new, 5 dropped, 18 substantially reworded.

Open JBLU in Gloom →
Jetblue Airways' chart, financials and news, free in your browser.Open JBLU in Gloom →
Risk factors listed
384 groups
New this year
2vs 41 last year
Dropped
5since the prior 10-K
Substantially reworded
18of those kept
Section length
15k wordsItem 1A

What the changes say

  • JetBlue added legal and data privacy risks while dropping its Northeast Alliance and climate change sections.
  • The company updated language on AI deployment, supplier dependencies, and unionization risks.

What changed since the prior 10-K

New

  • NewOperational Risks

    We have been, and may from time to time be, subject to legal and regulatory proceedings that could adversely affect our business and results of operations

    Legal proceedings, investigations, and labor disputes can lead to costly damages, penalties, and operational disruptions for JetBlue.

  • NewCybersecurity and Information Security Risks

    the size and number of litigation claims and damages asserted or subject us to enforcement actions, fines and penalties, and cause us to incur further related costs and expenses

    Compliance with evolving data privacy laws regarding customer and crewmember personal information requires significant resources and exposes JetBlue to liability.

Dropped

  • DroppedOperational Risks

    Remaining impacts of the wind down of our Northeast Alliance with American Airlines may result in additional costs that have an adverse impact on our business, financial condition and results of operations

  • DroppedOperational Risks

    Information Security and Privacy Related Risks

  • DroppedOperational Risks

    to meet the privacy and data security obligations; however, it is possible that certain new obligations may be difficult to meet and could increase our costs

  • DroppedHuman Capital Related Risks

    advantage of our research and development efforts to develop competing products which could adversely affect our business, reputation and financial condition

  • DroppedHuman Capital Related Risks

    We may be affected by global climate change or by legal, regulatory or market responses to such change

Reworded

  • 64% rewrittenCybersecurity and Information Security Risks

    We rely heavily on automated systems to operate our business; any failure of these systems could harm our business

    The risk heading was updated to emphasize heavy reliance on automated systems and potential business harm from failures.

  • 57% rewrittenHuman Capital Related Risks

    Compliance with environmental laws and regulations may cause us to incur substantial costs

    The environmental compliance risk heading was simplified and streamlined for clarity.

  • 56% rewrittenHuman Capital Related Risks

    We may be subject to further unionization, work stoppages, slowdowns or increased labor costs, and the unionization of our pilots, flight instructors and inflight crewmembers have and could continue to result in increased labor costs

    The labor risk text was restructured to explicitly highlight unionization among pilots, flight instructors, and inflight crewmembers.

    Was: We may be subject to further unionization, work stoppages, slowdowns or increased labor costs and the unionization of our pilots and inflight crewmembers have and could continue to result in increased labor costs

  • 51% rewrittenHuman Capital Related Risks

    Our development and use of AI-powered solutions could lead to operational, reputational, or competitive harm, legal and regulatory risk, and additional costs

    The AI risk description was updated to note that generative and predictive AI solutions are leveraged for real-time operational decisions and demand forecasting.

  • 48% rewrittenHuman Capital Related Risks

    A future act of terrorism, the threat of such acts or escalation of U.S. military involvement overseas could adversely affect our industry

    The terrorism risk was expanded to include risks from U.S. military escalation, regional political instability, and resulting flight redirections or airspace closures.

  • 42% rewrittenOperational Risks

    We are subject to the risks of having a limited number of suppliers for our aircraft, engines, and our Fly-Fi® product

    The supplier concentration risk was updated to drop General Electric Engines for the Embraer E190 fleet, reducing the specified engine dependencies to four.

  • 41% rewrittenHuman Capital Related Risks

    Increasing scrutiny of, and evolving expectations regarding, environmental matters may impact our business and reputation

    The environmental scrutiny risk dropped human rights and social practices from the scope of stakeholder concerns.

    Was: Increasing scrutiny of, and evolving expectations regarding, environmental and social matters may impact our business and reputation

  • 39% rewrittenOperational Risks

    A material reduction in the rate of interchange reimbursement fees or other regulatory actions that may materially affect the economics of credit card programs could have an adverse effect on JetBlue's business and operating results

    The TrueBlue loyalty program risk added language regarding the influence of other revenue sources and costs affecting issuing banks.

    Was: A material reduction in the rate of interchange reimbursement fees could have an adverse effect on JetBlue's business and operating results

  • 34% rewrittenCybersecurity and Information Security Risks

    Data security compliance requirements could increase our costs, and any significant data breach could disrupt our operations and harm our reputation, business, results of operations and financial condition

  • 33% rewrittenHuman Capital Related Risks

    Federal government shutdowns, federal budget constraints or federally imposed furloughs due to budget negotiation deadlocks may adversely affect our industry, business, results of operations and financial position

    Was: Federal budget constraints or federally imposed furloughs due to budget negotiation deadlocks may adversely affect our industry, business, results of operations and financial position

  • 33% rewrittenOperational Risks

    Our business is highly dependent on the New York metropolitan market and increases in competition or congestion or a reduction in demand for air travel in this market, or governmental reduction of our operating capacity at JFK, could harm our business

  • 31% rewrittenHuman Capital Related Risks

    Our reputation and financial results could be harmed in the event of an accident or incident involving our aircraft

  • 30% rewrittenOperational Risks

    Our results of operations fluctuate due to seasonality, weather, and other factors

  • 27% rewrittenOperational Risks

    We may be impacted by increases in airport expenses relating to infrastructure and facilities, as well as by infrastructure and regulatory disruptions or failures

    Was: We may be impacted by increases in airport expenses relating to infrastructure and facilities, as well as by infrastructure disruptions or failures

  • 24% rewrittenHuman Capital Related Risks

    We have a significant amount of fixed obligations and we expect to incur significantly more fixed obligations in the future, which could harm our ability to service our current obligations or satisfy future fixed obligations

    Was: We have a significant amount of fixed obligations and we will incur significantly more fixed obligations in the future, which could harm our ability to service our current obligations or satisfy future fixed obligations

  • 24% rewrittenOperational Risks

    We may not be successful in executing elements of our strategic operating plan, which may have a material adverse impact on our reputation, business, operating results, and financial condition

  • 22% rewrittenOperational Risks

    Our business is highly dependent on the availability of fuel, and fuel is subject to price volatility

  • 20% rewrittenHuman Capital Related Risks

    We could be adversely affected by an outbreak or resurgence of a disease or an environmental disaster that significantly affects travel behavior

All 38 risk factors

Headings as the filing states them, in filing order.

RISKS RELATED TO JETBLUE

  1. 01We operate in an extremely competitive industry
  2. 02We may be subject to competitive risks due to the long-term nature of our fleet order book

Operational Risks

  1. 03We may not be successful in executing elements of our strategic operating plan, which may have a material adverse impact on our reputation, business, operating results, and financial condition24% rewritten
  2. 04Our business is highly dependent on the availability of fuel, and fuel is subject to price volatility22% rewritten
  3. 05Our maintenance costs will increase as our fleet ages
  4. 06Our salaries, wages, and benefits costs will increase as our workforce ages
  5. 07A material reduction in the rate of interchange reimbursement fees or other regulatory actions that may materially affect the economics of credit card programs could have an adverse effect on JetBlue's business and operating results39% rewritten
  6. 08Because we derive a portion of our revenues from operations outside the United States, the risks of doing business internationally, or in a particular country or region, could lower our revenues, increase our costs, reduce our profits, or disrupt our business
  7. 09Our high aircraft utilization rate helps us keep our costs low, but also makes us vulnerable to delays and cancellations; such delays and cancellations could reduce our profitability and harm our reputation
  8. 10Our business is highly dependent on the New York metropolitan market and increases in competition or congestion or a reduction in demand for air travel in this market, or governmental reduction of our operating capacity at JFK, could harm our business33% rewritten
  9. 11Extended interruptions or disruptions in service at one or more of our focus cities could have a material adverse impact on our operations
  10. 12We may be impacted by increases in airport expenses relating to infrastructure and facilities, as well as by infrastructure and regulatory disruptions or failures27% rewritten
  11. 13Our results of operations fluctuate due to seasonality, weather, and other factors30% rewritten
  12. 14We have been, and may from time to time be, subject to legal and regulatory proceedings that could adversely affect our business and results of operationsNew
  13. 15We are subject to the risks of having a limited number of suppliers for our aircraft, engines, and our Fly-Fi® product42% rewritten
  14. 16Tariffs, including those that impact commercial aircraft and related parts imported from outside the United States, or tariffs that may be escalated over time, may have a material adverse effect on our fleet, business, financial condition and results of operations
  15. 17Stockholder activism has and could in the future disrupt our business, cause us to incur significant expenses, hinder execution of our business strategy, and impact our stock price

Cybersecurity and Information Security Risks

  1. 18We rely heavily on automated systems to operate our business; any failure of these systems could harm our business64% rewritten
  2. 19Data security compliance requirements could increase our costs, and any significant data breach could disrupt our operations and harm our reputation, business, results of operations and financial condition34% rewritten
  3. 20the size and number of litigation claims and damages asserted or subject us to enforcement actions, fines and penalties, and cause us to incur further related costs and expensesNew

Human Capital Related Risks

  1. 21If we are unable to attract and retain qualified personnel or fail to maintain our company culture, our business could be harmed
  2. 22We may be subject to further unionization, work stoppages, slowdowns or increased labor costs, and the unionization of our pilots, flight instructors and inflight crewmembers have and could continue to result in increased labor costs56% rewritten
  3. 23Our reputation and financial results could be harmed in the event of an accident or incident involving our aircraft31% rewritten
  4. 24Our business depends on our strong reputation and the value of the JetBlue brand
  5. 25We have a significant amount of fixed obligations and we expect to incur significantly more fixed obligations in the future, which could harm our ability to service our current obligations or satisfy future fixed obligations24% rewritten
  6. 26Agreements governing our debt include financial and other covenants. Failure to comply with these covenants could result in events of default
  7. 27Our liquidity could be adversely impacted in the event one or more of our credit card processors were to impose material reserve requirements for payments due to us from credit card transactions
  8. 28We have a significant amount of indebtedness from fixed obligations and may seek material amounts of additional financial liquidity in the short-term, and insufficient liquidity may have a material adverse effect on our financial condition and business
  9. 29We may never realize the full value of our intangible assets or our long-lived assets causing us to record impairments that may negatively affect our financial condition and operating results
  10. 30Our ability to use certain tax attributes could be subject to limitations
  11. 31Our development and use of AI-powered solutions could lead to operational, reputational, or competitive harm, legal and regulatory risk, and additional costs51% rewritten
  12. 32We could be adversely affected by an outbreak or resurgence of a disease or an environmental disaster that significantly affects travel behavior20% rewritten
  13. 33Compliance with environmental laws and regulations may cause us to incur substantial costs57% rewritten
  14. 34Increasing scrutiny of, and evolving expectations regarding, environmental matters may impact our business and reputation41% rewritten
  15. 35Federal government shutdowns, federal budget constraints or federally imposed furloughs due to budget negotiation deadlocks may adversely affect our industry, business, results of operations and financial position33% rewritten
  16. 36Changes in laws and government regulations that impose additional requirements and restrictions on our operations could increase our operating costs and result in service delays and disruptions
  17. 37A future act of terrorism, the threat of such acts or escalation of U.S. military involvement overseas could adversely affect our industry48% rewritten
  18. 38The airline industry is particularly sensitive to changes in economic conditions

Other Jetblue Airways 10-Ks

  • FY2024 10-K risk factors
    41 risks

    JetBlue faces intense competition from larger airlines, heavy exposure to New York hub congestion, and high fuel price volatility.

    Filed Feb 14, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.