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.