JetBlue Airways Corp (JBLU)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -310,000 | -362,000 | -182,000 | -1,354,000 | 569,000 |
| Revenue | US$ in thousands | 9,521,000 | 9,010,000 | 5,882,000 | 2,794,000 | 8,060,000 |
| Net profit margin | -3.26% | -4.02% | -3.09% | -48.46% | 7.06% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-310,000K ÷ $9,521,000K
= -3.26%
The net profit margin of Jetblue Airways Corp has shown significant fluctuations over the past five years. In 2019, the net profit margin was positive at 7.03%, indicating that the company generated a profit relative to its revenue. However, this trend reversed in 2020, with a substantial decline to -45.79%, suggesting a significant loss relative to revenue.
In the subsequent years, Jetblue Airways Corp continued to struggle with negative net profit margins, despite some improvements in 2021 compared to 2020. The net profit margin in 2021 was -3.01%, followed by a slight deterioration to -3.95% in 2022. The most recent data for 2023 shows a continued negative trend with a net profit margin of -3.22%.
The persistently negative net profit margins may indicate ongoing challenges in controlling costs, generating revenue, or both within the company. Further analysis of the underlying factors impacting profitability, such as expenses, pricing strategies, competition, and industry conditions, would be warranted to assess the root causes of the fluctuations and inform strategic decision-making for the company.
Peer comparison
Dec 31, 2023