JetBlue Airways Corp (JBLU)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 20.87% | 21.25% | 23.13% | 19.65% | 17.78% | 35.04% | 36.18% | 37.54% | 37.08% | 21.74% | 2.76% | -31.70% | -7.84% | 27.22% | 38.01% | 44.56% | 48.39% | 47.99% | 47.83% | 47.92% |
| Operating profit margin | -2.42% | -1.25% | 1.79% | -1.80% | -3.31% | -5.42% | -5.18% | -2.18% | -1.34% | -8.63% | -34.62% | -85.58% | -60.27% | -24.51% | -4.60% | 5.02% | 9.92% | 9.86% | 7.85% | 2.83% |
| 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% |
| Net profit margin | -3.26% | -1.91% | 0.28% | -3.11% | -4.02% | -6.07% | -5.54% | -2.71% | -3.04% | -8.85% | -29.42% | -68.15% | -47.61% | -19.46% | -4.09% | 3.33% | 7.06% | 7.23% | 5.59% | 1.83% |
Jetblue Airways Corp's profitability ratios have fluctuated over the past eight quarters. The gross profit margin has remained consistently high at 100%, indicating strong control over direct costs. However, the operating profit margin, pretax margin, and net profit margin all show volatility.
The operating profit margin fluctuated from a low of -9.90% in Q1 2022 to a high of 3.83% in Q2 2023, reflecting variability in operating expenses relative to revenue. The pretax margin also shows variability, ranging from a low of -7.08% in Q3 2022 to a high of 0.63% in Q2 2023, indicating fluctuations in non-operating expenses and income.
Similarly, the net profit margin shows inconsistency, with a low of -6.01% in Q3 2022 and a high of 0.27% in Q2 2023. This suggests that net earnings have been impacted by various factors such as interest expenses and taxes.
Overall, while the gross profit margin reflects strong control over direct costs, the variability in the operating profit margin, pretax margin, and net profit margin indicates fluctuating operational and non-operational efficiencies impacting Jetblue Airways Corp's bottom line performance.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -2.24% | -1.36% | 0.20% | -2.26% | -2.78% | -3.86% | -3.26% | -1.38% | -1.33% | -3.03% | -6.58% | -9.76% | -10.10% | -6.10% | -1.71% | 2.10% | 4.77% | 5.11% | 3.92% | 1.27% |
| Return on total capital | -6.89% | -1.86% | 2.73% | -2.83% | -4.65% | -7.20% | -6.31% | -2.16% | -1.02% | -5.16% | -13.69% | -19.25% | -19.30% | -12.45% | -3.21% | 6.72% | 11.61% | 12.83% | 10.30% | 3.85% |
| Return on equity (ROE) | -9.29% | -5.35% | 0.76% | -8.86% | -10.16% | -14.68% | -12.83% | -5.28% | -4.73% | -10.79% | -24.89% | -35.89% | -34.27% | -22.06% | -5.86% | 5.93% | 11.86% | 12.13% | 9.39% | 3.06% |
Jetblue Airways Corp's profitability ratios have shown a mix of performance over the past eight quarters. The Operating Return on Assets (Operating ROA) has fluctuated between negative and positive values, with a significant improvement from -4.04% in Q2 2022 to 2.82% in Q2 2023. This indicates that the company has been able to generate a positive return from its operating activities relative to its total assets in recent quarters.
The Return on Assets (ROA) has also varied, ranging from -2.78% to 0.20%. Although the profitability from total assets has been negative in most quarters, Q2 2023 showed a slight improvement in generating a positive return.
The Return on Total Capital has exhibited high volatility, with negative values in most quarters. However, there was a notable increase from -7.53% in Q2 2022 to 5.20% in Q2 2023, indicating a significant improvement in the company's ability to generate returns from its total capital employed.
The Return on Equity (ROE) has consistently been negative, with values ranging from -5.28% to -14.68%. This suggests that Jetblue Airways Corp has struggled to generate positive returns for its shareholders over the analyzed period.
Overall, while there have been fluctuations in the profitability ratios of Jetblue Airways Corp, there are signs of improvement in recent quarters, particularly in generating returns from operating activities and total capital employed. However, the company's ability to generate returns for its shareholders, as indicated by ROE, remains a challenge that may require further attention and strategic actions.