JetBlue Airways Corp (JBLU)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -118,000 | -201,000 | -319,000 | -145,000 | -230,000 | -120,000 | 51,000 | -253,000 | -378,000 | -540,000 | -369,000 | -153,000 | -80,000 | -415,000 | -1,117,000 | -1,674,000 | -1,714,000 | -1,033,000 | -270,000 | 390,000 |
| Total assets | US$ in thousands | 16,841,000 | 16,627,000 | 13,993,000 | 13,721,000 | 13,853,000 | 13,412,000 | 13,481,000 | 13,227,000 | 13,045,000 | 13,330,000 | 13,543,000 | 13,803,000 | 13,642,000 | 14,069,000 | 14,415,000 | 13,660,000 | 13,353,000 | 13,433,000 | 14,027,000 | 12,340,000 |
| Operating ROA | -0.70% | -1.21% | -2.28% | -1.06% | -1.66% | -0.89% | 0.38% | -1.91% | -2.90% | -4.05% | -2.72% | -1.11% | -0.59% | -2.95% | -7.75% | -12.25% | -12.84% | -7.69% | -1.92% | 3.16% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-118,000K ÷ $16,841,000K
= -0.70%
Based on the operating return on assets (ROA) data provided for JetBlue Airways Corp from March 31, 2020, to December 31, 2024, it can be observed that the company's performance in terms of generating profit from its assets has been volatile.
Since March 2020, JetBlue's operating ROA fluctuated between positive and negative figures, indicating inconsistent profitability relative to its assets. The operating ROA started at 3.16% in March 2020, then turned negative in the subsequent quarters, reaching the lowest point of -12.84% in December 2020.
Throughout the following years, the operating ROA continued to exhibit negative values, although with some fluctuations. Although there were periods where the operating ROA showed slight improvements, such as in March 2023 and June 2023, positivity was not sustained.
As of December 31, 2024, JetBlue's operating ROA stands at -0.70%. This implies that for every dollar of assets held by the company, it generates a return of negative 0.70% from its operations.
Overall, the downward trend in the operating ROA for JetBlue Airways Corp over the period analyzed indicates challenges in effectively utilizing its assets to generate operating profits. The company may need to focus on improving operational efficiency and profitability strategies to enhance its return on assets in the future.
Peer comparison
Dec 31, 2024