JetBlue Airways Corp (JBLU)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -684,000 | -230,000 | -185,000 | -913,000 | -1,714,000 |
| Total assets | US$ in thousands | 16,841,000 | 13,853,000 | 13,045,000 | 13,642,000 | 13,353,000 |
| Operating ROA | -4.06% | -1.66% | -1.42% | -6.69% | -12.84% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-684,000K ÷ $16,841,000K
= -4.06%
JetBlue Airways Corp's operating return on assets (Operating ROA) has shown a declining trend over the past few years. As of December 31, 2020, the Operating ROA was at -12.84%, indicating that the company generated a negative return on its assets. However, there has been an improvement in the Operating ROA since then, with the figure reaching -6.69% by December 31, 2021. This trend continued with further improvement in the Operating ROA to -1.42% by December 31, 2022. Despite this progress, the Operating ROA declined slightly to -1.66% by the end of 2023 and further dropped to -4.06% by December 31, 2024.
This analysis suggests that while JetBlue Airways Corp has managed to reduce its negative Operating ROA over the years, there is still room for improvement in terms of generating positive returns from its assets. The company may need to focus on optimizing its asset utilization and operational efficiency to enhance its overall profitability.
Peer comparison
Dec 31, 2024