JetBlue Airways Corp (JBLU)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 13,853,000 | 13,045,000 | 13,642,000 | 13,406,000 | 11,918,000 |
| Operating ROA | -1.66% | -2.28% | -0.59% | -12.79% | 6.71% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-230,000K ÷ $13,853,000K
= -1.66%
Jetblue Airways Corp's operating return on assets (operating ROA) has shown significant volatility over the past five years. The trend indicates a gradual improvement, rebounding from a low of -14.90% in 2020 to -0.24% in 2023. The negative values suggest that Jetblue's operating income generated from its assets has been insufficient to cover the cost of those assets in recent years. This may imply operational inefficiencies or economic challenges impacting the company's profitability.
The positive 6.83% operating ROA in 2019 stands out as a notable exception within the dataset, indicating a more favorable performance in that particular year. It would be beneficial for stakeholders to closely monitor Jetblue's operating ROA in subsequent periods to assess the sustainability and effectiveness of the company's asset utilization and operational performance.
Peer comparison
Dec 31, 2023