JetBlue Airways Corp (JBLU)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,637,000 | 904,000 | 1,472,000 | 350,000 | -1,125,000 |
| Revenue | US$ in thousands | 9,279,000 | 9,615,000 | 9,158,000 | 6,037,000 | 2,957,000 |
| Gross profit margin | 49.97% | 9.40% | 16.07% | 5.80% | -38.05% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,637,000K ÷ $9,279,000K
= 49.97%
JetBlue Airways Corp's gross profit margin has exhibited fluctuations over the past five years. It stood at -38.05% as of December 31, 2020, indicating that the company's cost of goods sold exceeded its revenue generated from sales. However, there was a significant improvement in the gross profit margin to 5.80% as of December 31, 2021, suggesting enhanced operational efficiency in managing production costs.
The trend continued to improve in the subsequent years with the gross profit margin reaching 16.07% as of December 31, 2022, and then tapering slightly to 9.40% as of December 31, 2023. The most notable increase was recorded as of December 31, 2024, where the gross profit margin surged to 49.97%, indicating a substantial growth in profitability driven by higher revenues compared to the cost of goods sold.
Overall, the positive trend in the gross profit margin reflects JetBlue Airways Corp's efforts in managing its production costs effectively and increasing operational efficiency, leading to improved profitability and financial performance over the years.
Peer comparison
Dec 31, 2024