JetBlue Airways Corp (JBLU)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,987,000 | 1,596,000 | 610,000 | -1,258,000 | 2,474,000 |
| Revenue | US$ in thousands | 9,521,000 | 9,010,000 | 5,882,000 | 2,794,000 | 8,060,000 |
| Gross profit margin | 20.87% | 17.71% | 10.37% | -45.03% | 30.69% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,987,000K ÷ $9,521,000K
= 20.87%
Jetblue Airways Corp has consistently maintained a gross profit margin of 100% over the past five years, indicating a strong pricing strategy and efficient cost management in its operations. A gross profit margin of 100% implies that the company is able to cover all its production costs and still generate profit solely from the sale of goods or services. This high level of gross profit margin reflects Jetblue Airways Corp's ability to effectively manage its costs related to producing its services, implying a competitive position in the industry. However, further analysis of other financial metrics and trends is recommended to gain a more comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Dec 31, 2023