JetBlue Airways Corp (JBLU)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 7.86% | 7.66% | 6.34% | 12.21% | 15.84% | 16.75% | 21.08% | 17.74% | 16.06% | 14.13% | 12.43% | 10.30% | 5.81% | -4.09% | -29.34% | -79.20% | -38.02% | -5.87% | 13.09% | 25.11% |
| Operating profit margin | -1.27% | -2.16% | -3.42% | -1.53% | -2.39% | -1.24% | 0.51% | -2.59% | -4.13% | -6.30% | -4.62% | -2.17% | -1.32% | -8.53% | -33.00% | -79.68% | -57.98% | -23.88% | -4.56% | 4.99% |
| Pretax margin | -9.67% | -9.91% | -10.95% | -8.79% | -3.47% | -2.25% | 0.62% | -3.14% | -4.78% | -7.08% | -6.54% | -4.46% | -4.36% | -12.58% | -40.77% | -89.81% | -64.07% | -26.86% | -5.57% | 4.56% |
| Net profit margin | -8.57% | -9.16% | -10.17% | -8.78% | -3.22% | -1.89% | 0.27% | -3.07% | -3.95% | -6.00% | -5.53% | -2.70% | -3.01% | -8.92% | -28.27% | -63.83% | -46.08% | -18.96% | -4.05% | 3.32% |
Based on the provided data, JetBlue Airways Corp's profitability ratios have shown fluctuating trends over the analyzed periods.
1. Gross Profit Margin:
- The gross profit margin ranged from negative values in late 2020 and early 2021 to positive values in 2022 and 2023, indicating variability in the company's ability to generate profit from its core operations. The margin improved consistently from 2022 onwards, reaching its highest point at 21.08% in June 2023.
2. Operating Profit Margin:
- JetBlue experienced negative operating profit margins throughout most of the observation period, suggesting challenges in controlling operating costs and generating profits from regular business activities. Although there were slight improvements in late 2022 and early 2023, the operating margin remained generally low, with the margin fluctuating around -2% to -4%.
3. Pretax Margin:
- The pretax margin mirrored the operating profit margin, showing negative values for the majority of the analyzed periods. The margin improved slightly in mid-2023, turning positive briefly, but reverted to negative values afterwards. Notable improvement was observed in June 2023, with a pretax margin of 0.62%.
4. Net Profit Margin:
- JetBlue's net profit margin also exhibited negative values for most of the period, reflecting challenges in generating profits after accounting for all expenses and taxes. The margin trended negatively until mid-2023, when it turned positive briefly before returning to negative territory. The company's profitability remained under pressure, with the margin fluctuating around -5% to -10%.
In conclusion, JetBlue Airways Corp faced profitability challenges, as evidenced by the consistently low and often negative profit margins during the analyzed periods. While there were signs of improvement in certain quarters, sustained efforts may be required to enhance profitability and ensure long-term financial sustainability.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -4.72% | -5.14% | -6.77% | -6.08% | -2.24% | -1.36% | 0.20% | -2.26% | -2.78% | -3.86% | -3.26% | -1.38% | -1.33% | -3.08% | -6.64% | -9.82% | -10.20% | -6.10% | -1.71% | 2.10% |
| Return on total capital | -20.64% | -24.74% | -29.59% | -23.93% | -4.11% | -1.17% | 6.67% | -4.15% | -7.86% | -13.92% | -18.57% | -20.57% | -17.33% | -24.49% | -39.16% | -45.42% | -43.80% | -27.79% | -6.35% | 9.28% |
| Return on equity (ROE) | -30.10% | -32.30% | -35.11% | -31.67% | -9.29% | -5.35% | 0.76% | -8.86% | -10.16% | -14.68% | -12.83% | -5.28% | -4.73% | -10.99% | -25.10% | -36.11% | -34.54% | -22.06% | -5.86% | 5.93% |
Based on the profitability ratios for JetBlue Airways Corp, the company has experienced fluctuations in its financial performance over the past few years.
- Return on Assets (ROA): JetBlue's ROA has been consistently negative since the end of 2020, indicating that the company's profitability relative to its total assets has been poor. The ratio improved slightly in the second quarter of 2023 but remained negative overall.
- Operating Return on Assets (Operating ROA): Similar to ROA, the Operating ROA for JetBlue has also been negative during the same period, with slight fluctuations. The airline saw a slight improvement in the second quarter of 2023 but overall remained in negative territory.
- Return on Total Capital: JetBlue's Return on Total Capital has been negative since the third quarter of 2020, indicating that the company has not been able to generate positive returns relative to its total invested capital. The ratio saw a significant improvement in the second quarter of 2023, turning positive briefly before declining again.
- Return on Equity (ROE): JetBlue's ROE has followed a similar trend as the other profitability ratios, consistently negative since the end of 2020. The company experienced a positive ROE in the second quarter of 2023, but overall, its performance in terms of generating returns for shareholders has been weak.
Overall, JetBlue Airways Corp has faced challenges in generating profits relative to its assets, operating activities, capital, and equity over the analyzed period, with sporadic improvements but a general trend of negative performance. This indicates the need for the company to address its operational efficiency and profitability in order to enhance shareholder value and financial stability.