JetBlue Airways Corp (JBLU)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -310,000 | -362,000 | -182,000 | -1,354,000 | 569,000 |
| Total assets | US$ in thousands | 13,853,000 | 13,045,000 | 13,642,000 | 13,406,000 | 11,918,000 |
| ROA | -2.24% | -2.78% | -1.33% | -10.10% | 4.77% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-310,000K ÷ $13,853,000K
= -2.24%
Jetblue Airways Corp's return on assets (ROA) has exhibited variability over the past five years. The ROA deteriorated significantly from 4.77% in 2019 to -10.10% in 2020, indicating a substantial decline in profitability in the initial year analyzed. However, there was a positive rebound as the ROA improved to -1.33% in 2021.
Subsequently, there was a further decline in ROA to -2.78% in 2022 and -2.24% in 2023, suggesting a continued struggle to generate profits from its assets in the recent years. Overall, the negative trend in ROA over the past five years could indicate challenges in efficiently utilizing assets to generate earnings, which may raise concerns about the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023