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.
Peer comparison
Dec 31, 2023