JetBlue Airways Corp (JBLU)

Operating 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
Operating income (ttm)	US$ in thousands	-230,000	-120,000	175,000	-173,000	-298,000	-460,000	-413,000	-153,000	-80,000	-415,000	-1,117,000	-1,674,000	-1,714,000	-1,033,000	-270,000	390,000	800,000	789,000	620,000	218,000
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
Operating profit margin		-2.42%	-1.25%	1.79%	-1.80%	-3.31%	-5.42%	-5.18%	-2.18%	-1.34%	-8.63%	-34.62%	-85.58%	-60.27%	-24.51%	-4.60%	5.02%	9.92%	9.86%	7.85%	2.83%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-230,000K ÷ $9,518,000K
= -2.42%

The operating profit margin of Jetblue Airways Corp has shown fluctuating trends over the past four quarters. In Q1 2022, the margin stood at -9.90%, the lowest in the provided data series. However, there has been a gradual improvement since then, with Q3 2023 reporting a significant increase to 1.08%. In Q4 2023, the margin decreased slightly to -0.34%, indicating a decrease in profitability compared to the previous quarter. It is noteworthy that the company managed to achieve a positive operating profit margin in Q2 and Q3 2023, which signifies an improvement in operational efficiency and cost management. Despite the recent fluctuations, Jetblue Airways Corp should continue to monitor and optimize its operating expenses to sustain profitability in the competitive airline industry.