JetBlue Airways Corp (JBLU)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,986,000	2,035,000	2,263,000	1,887,000	1,602,000	2,972,000	2,886,000	2,632,000	2,219,000	1,046,000	89,000	-620,000	-223,000	1,147,000	2,229,000	3,465,000	3,901,000	3,838,000	3,776,000	3,695,000
Revenue (ttm)	US$ in thousands	9,518,000	9,577,000	9,782,000	9,605,000	9,012,000	8,482,000	7,977,000	7,012,000	5,984,000	4,811,000	3,226,000	1,956,000	2,844,000	4,214,000	5,864,000	7,776,000	8,061,000	7,998,000	7,894,000	7,710,000
Gross profit margin		20.87%	21.25%	23.13%	19.65%	17.78%	35.04%	36.18%	37.54%	37.08%	21.74%	2.76%	-31.70%	-7.84%	27.22%	38.01%	44.56%	48.39%	47.99%	47.83%	47.92%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,986,000K ÷ $9,518,000K
= 20.87%

Jetblue Airways Corp's gross profit margin has remained consistently strong at 100.00% across all quarters in the provided data. This indicates that the company is effectively managing its cost of goods sold relative to its revenue, resulting in a high level of profitability from its core business operations. A gross profit margin of 100.00% suggests that Jetblue is generating sufficient revenue to cover its cost of goods sold and still have a significant margin left over, which is a positive sign for its financial performance. Overall, the stability and strength of Jetblue's gross profit margin reflect the company's efficient cost management and competitive positioning in the airline industry.