JetBlue Airways Corp (JBLU)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -230,000 | -298,000 | -80,000 | -1,714,000 | 800,000 |
| Revenue | US$ in thousands | 9,521,000 | 9,010,000 | 5,882,000 | 2,794,000 | 8,060,000 |
| Operating profit margin | -2.42% | -3.31% | -1.36% | -61.35% | 9.93% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-230,000K ÷ $9,521,000K
= -2.42%
Looking at Jetblue Airways Corp's operating profit margin over the past five years, we observe a fluctuating trend. In 2019, the operating profit margin stood at a healthy 10.06%. However, there was a significant decline in 2020, with the margin plummeting to -67.53%, indicating a sharp decrease in profitability.
Despite this, there seems to have been a slight improvement in 2021, where the operating profit margin was reported at -15.12%. The trend continued to improve in 2022, with the margin narrowing to -2.02%.
However, in the most recent year, 2023, the operating profit margin remains negative at -0.34%, although there has been a slight decrease in the extent of the loss compared to the previous year.
Overall, the operating profit margin of Jetblue Airways Corp has shown some signs of recovery in recent years after a steep decline in 2020. Nevertheless, the company still faces profitability challenges as indicated by the negative margins. It would be crucial for Jetblue to continue monitoring and optimizing its operational efficiency to enhance its financial performance in the future.
Peer comparison
Dec 31, 2023