JetBlue Airways Corp (JBLU)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	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	13,406,000	13,433,000	14,027,000	12,340,000	11,918,000	11,319,000	11,236,000	11,115,000
Operating ROA		-1.66%	-0.89%	1.30%	-1.31%	-2.28%	-3.45%	-3.05%	-1.11%	-0.59%	-2.95%	-7.75%	-12.25%	-12.79%	-7.69%	-1.92%	3.16%	6.71%	6.97%	5.52%	1.96%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-230,000K ÷ $13,853,000K
= -1.66%

Jetblue Airways Corp's operating return on assets (operating ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating ROA was at -0.24%, indicating that the company generated a negative return on its assets for that period. This was a significant improvement from the previous quarter (Q3 2023) when the operating ROA stood at 0.78%.

The highest operating ROA in the given period was recorded in Q2 2023 at 2.82%, showing a strong performance in generating returns from its assets. However, this was followed by a decline in Q3 2022 and Q4 2022, where the operating ROA was in the negative territory at -2.96% and -1.42%, respectively.

Overall, the operating ROA has been volatile, with fluctuations in both positive and negative territory. It is crucial for Jetblue Airways Corp to focus on optimizing its asset utilization and operational efficiency to consistently generate positive returns from its assets in the future.