JetBlue Airways Corp (JBLU)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -795,000 | -310,000 | -362,000 | -182,000 | -1,362,000 |
| Total assets | US$ in thousands | 16,841,000 | 13,853,000 | 13,045,000 | 13,642,000 | 13,353,000 |
| ROA | -4.72% | -2.24% | -2.78% | -1.33% | -10.20% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-795,000K ÷ $16,841,000K
= -4.72%
Based on the provided data, JetBlue Airways Corp's return on assets (ROA) has shown fluctuations over the past five years. The ROA was at its lowest at -10.20% on December 31, 2020, indicating that the company generated a negative return relative to its total assets during that period.
However, there seems to have been an improvement in the company's ROA performance in the following years. By December 31, 2021, the ROA had improved to -1.33%, suggesting a better ability to generate profit from its assets compared to the previous year.
The trend continued in 2022 and 2023, with ROA figures of -2.78% and -2.24% respectively, showing a continued effort to enhance asset utilization and profitability.
Nevertheless, by December 31, 2024, the ROA declined to -4.72%, signaling a decrease in the company's ability to generate profits from its assets compared to the previous year.
In conclusion, JetBlue Airways Corp has experienced fluctuations in its ROA over the past five years, highlighting the importance of closely monitoring and managing asset utilization to improve profitability and efficiency.
Peer comparison
Dec 31, 2024