JetBlue Airways Corp (JBLU)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 729,000 | 714,000 | 591,000 | 1,160,000 | 1,523,000 | 1,626,000 | 2,090,000 | 1,730,000 | 1,471,000 | 1,212,000 | 993,000 | 725,000 | 351,000 | -199,000 | -993,000 | -1,664,000 | -1,124,000 | -254,000 | 775,000 | 1,961,000 |
| Revenue (ttm) | US$ in thousands | 9,279,000 | 9,327,000 | 9,315,000 | 9,497,000 | 9,616,000 | 9,706,000 | 9,915,000 | 9,750,000 | 9,158,000 | 8,577,000 | 7,987,000 | 7,041,000 | 6,038,000 | 4,865,000 | 3,385,000 | 2,101,000 | 2,956,000 | 4,326,000 | 5,920,000 | 7,810,000 |
| Gross profit margin | 7.86% | 7.66% | 6.34% | 12.21% | 15.84% | 16.75% | 21.08% | 17.74% | 16.06% | 14.13% | 12.43% | 10.30% | 5.81% | -4.09% | -29.34% | -79.20% | -38.02% | -5.87% | 13.09% | 25.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $729,000K ÷ $9,279,000K
= 7.86%
JetBlue Airways Corp's gross profit margin has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at a relatively healthy 25.11% in March 2020 before declining sharply to 13.09% by June 2020. Subsequently, it entered negative territory in September 2020, reaching a low of -79.20% in March 2021.
However, the company managed to improve its gross profit margin from the negative levels, gradually recovering to positive territory starting from December 2021 when it reached 5.81%. The margin continued to increase over the following periods, reaching a peak of 21.08% in June 2023.
Despite some fluctuations, the gross profit margin generally stabilized around the 15-20% range in the most recent periods from December 2023 to December 2024, demonstrating a positive trend in the company's ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2024