JetBlue Airways Corp (JBLU)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -310,000 | -183,000 | 27,000 | -299,000 | -362,000 | -515,000 | -442,000 | -190,000 | -182,000 | -426,000 | -949,000 | -1,333,000 | -1,354,000 | -820,000 | -240,000 | 259,000 | 569,000 | 578,000 | 441,000 | 141,000 |
| 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 |
| Net profit margin | -3.26% | -1.91% | 0.28% | -3.11% | -4.02% | -6.07% | -5.54% | -2.71% | -3.04% | -8.85% | -29.42% | -68.15% | -47.61% | -19.46% | -4.09% | 3.33% | 7.06% | 7.23% | 5.59% | 1.83% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-310,000K ÷ $9,518,000K
= -3.26%
Net profit margin measures the profitability of a company by indicating the percentage of revenue that translates into profit after all expenses are accounted for. Analyzing Jetblue Airways Corp's net profit margin over the past eight quarters reveals fluctuations in its profitability.
In Q4 2023, the net profit margin was -3.22%, indicating that the company incurred a loss equivalent to 3.22% of its total revenue. This was a slight improvement from the previous quarter's net profit margin of -1.89%. However, it is worth noting that the company's profitability has been negative for several consecutive quarters, reflecting challenges in generating consistent profits.
The most notable improvement in profitability was seen in Q2 2023, where Jetblue Airways Corp achieved a net profit margin of 0.27%, turning a profit after several quarters of losses. This positive trend was short-lived as the company returned to negative profitability in the subsequent quarters.
Overall, Jetblue Airways Corp's net profit margin has been volatile, with fluctuations between negative and positive territory. The company's ability to sustain positive profitability and improve its margins will be crucial for its long-term financial health and success.
Peer comparison
Dec 31, 2023