HIGHBuilt-inHedge_coverage
0%
fuel hedge coverage
“10-K Item 1: 'As of December 31, 2025 and 2024, we did not have any outstanding fuel hedging contracts'”
JBLU · Concentration risk · 10-K extracted
JetBlue Airways (JBLU) concentration risks
Updated
The most significant concentration JetBlue Airways discloses is fuel hedge coverage at 0%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: JetBlue Airways’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH1
MEDIUM4
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
36.5%
Caribbean & Latin America
“10-K Item 1: 'Caribbean & Latin America (1)| | 36.5'”
MEDIUMBuilt-inGeographic
25.4%
Florida
“10-K Item 1: 'Florida| | 25.4'”
MEDIUMBuilt-inGeographic
New York metropolitan market
“10-K Item 1A: 'We depend greatly on the New York metropolitan market'”
MEDIUMOutside partySupplier
Pratt & Whitney
“10-K Item 1: 'Pratt & Whitney, a division of RTX Corporation, announced the requirement, mandated by the FAA, for removal of certain engines for inspection'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The carrier's concentration profile is driven by structural geographic exposures and an operational fuel-hedging posture, with a supplier dependency layered on top. The most notable structural feature is the complete absence of fuel hedge coverage: as of year-end 2025 the carrier had no outstanding fuel hedging contracts, a high-share exposure by disclosed size. This means the full cost of jet fuel flows directly into operating expenses with no buffer, making profitability unusually sensitive to energy price moves. The geographic footprint carries two moderate-share structural concentrations. The Caribbean and Latin America corridor and Florida are each significant portions of the route network by disclosed size, both structural in character because they reflect deliberate network design decisions that cannot be quickly redirected. The New York metropolitan market is separately called out as a region the carrier depends on greatly, a moderate-share structural dependency on the health of a single large origination hub. Weakness in any of these regions — whether from macroeconomic softness, natural disaster, or travel demand shift — would affect a meaningful share of capacity utilization. The engine supplier relationship with Pratt & Whitney adds a dependency dimension: an FAA-mandated inspection requirement on certain engines constrains available capacity, a moderate-share counterparty risk. Together the profile reflects a carrier with structural route concentration and no fuel hedge cushion — the primary watch variables are energy prices, Caribbean and Florida demand trends, and engine availability.
For the engine’s reasoning on JBLU’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Airlines
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| LUV | Southwest Airlines Company | 2 | 0 | 0 | 2 |
| JBLU● | JetBlue Airways Corporation | 1 | 4 | 0 | 5 |
| AAL | American Airlines Group, Inc. | 1 | 0 | 0 | 1 |
| SKYW | SkyWest, Inc. | 1 | 0 | 0 | 1 |
| ALK | Alaska Air Group, Inc. | 0 | 2 | 1 | 3 |
| DAL | Delta Air Lines, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.