JetBlue Airways Corp (JBLU)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -334,000 | -437,000 | -263,000 | -1,893,000 | 768,000 |
| Revenue | US$ in thousands | 9,521,000 | 9,010,000 | 5,882,000 | 2,794,000 | 8,060,000 |
| Pretax margin | -3.51% | -4.85% | -4.47% | -67.75% | 9.53% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-334,000K ÷ $9,521,000K
= -3.51%
The pretax margin of Jetblue Airways Corp has shown fluctuations over the past five years. In 2019, the company had a pretax margin of 9.49%, indicating that for every dollar of revenue generated, Jetblue earned approximately 9.49 cents before accounting for taxes.
However, in 2020, the pretax margin significantly declined to a negative 64.02%, which implies that the company incurred substantial losses before tax expenses relative to its revenue. This sharp drop suggests operational challenges or external factors impacting profitability during that year.
In the subsequent years, the pretax margin continued to fluctuate, with negative margins recorded in 2021 (-4.36%) and 2022 (-4.77%). The latest data for 2023 shows a slight improvement with a pretax margin of -3.47%, though the company still operates at a loss before taxes.
Overall, the trend in Jetblue Airways Corp's pretax margin indicates a struggle to maintain profitability, with recent years showing marginal improvements but not yet reaching positive territory. Analyzing the factors contributing to these fluctuations could provide insights into the company's financial performance and potential areas for improvement.
Peer comparison
Dec 31, 2023