JetBlue Airways Corp (JBLU)

Pretax margin

		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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-334,000	-218,000	61,000	-306,000	-438,000	-607,000	-522,000	-314,000	-263,000	-612,000	-1,380,000	-1,887,000	-1,894,000	-1,162,000	-330,000	356,000	768,000	748,000	562,000	164,000
Revenue (ttm)	US$ in thousands	9,518,000	9,577,000	9,782,000	9,605,000	9,012,000	8,482,000	7,977,000	7,012,000	5,984,000	4,811,000	3,226,000	1,956,000	2,844,000	4,214,000	5,864,000	7,776,000	8,061,000	7,998,000	7,894,000	7,710,000
Pretax margin		-3.51%	-2.28%	0.62%	-3.19%	-4.86%	-7.16%	-6.54%	-4.48%	-4.40%	-12.72%	-42.78%	-96.47%	-66.60%	-27.57%	-5.63%	4.58%	9.53%	9.35%	7.12%	2.13%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-334,000K ÷ $9,518,000K
= -3.51%

Jetblue Airways Corp's pretax margin has shown fluctuations over the analyzed quarters. In the most recent quarter of Q4 2023, the pretax margin improved to -3.47% compared to the previous quarter's -2.24%. However, the margin remains negative, indicating that the company's expenses exceed its earnings before taxes.

Looking back over the last year, there has been a general trend of improving pretax margins from the lowest point in Q3 2022 (-7.08%) to the most recent quarter. Despite this improvement, the company still faces challenges in generating sufficient profits before accounting for taxes. It is essential for Jetblue Airways Corp to continue monitoring and optimizing its expenses and revenue generation to achieve a sustainable pretax margin in the future.