JetBlue Airways Corp (JBLU)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-795,000	-854,000	-947,000	-834,000	-310,000	-183,000	27,000	-299,000	-362,000	-515,000	-442,000	-190,000	-182,000	-434,000	-957,000	-1,341,000	-1,362,000	-820,000	-240,000	259,000
Total assets	US$ in thousands	16,841,000	16,627,000	13,993,000	13,721,000	13,853,000	13,412,000	13,481,000	13,227,000	13,045,000	13,330,000	13,543,000	13,803,000	13,642,000	14,069,000	14,415,000	13,660,000	13,353,000	13,433,000	14,027,000	12,340,000
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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-795,000K ÷ $16,841,000K
= -4.72%

JetBlue Airways Corp's return on assets (ROA) has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ROA started at a positive 2.10% in March 2020 but turned negative in the subsequent quarters. The ROA continued to decline, reaching its lowest point of -10.20% in December 2020.

Throughout 2021 and the first half of 2022, the ROA remained consistently negative, ranging from -9.82% to -1.38%. However, there was a slight improvement in June 2023 when the ROA turned positive at 0.20%. This improvement was short-lived as the ROA returned to a negative range in the following quarters.

Although the ROA fluctuated throughout the period, it remained in negative territory, indicating that JetBlue Airways Corp's assets were not generating sufficient profit. The negative ROA values suggest that the company's profitability relative to its total assets was weakening. This trend may indicate challenges in effectively utilizing its assets to generate profits, which could raise concerns about the company's operational efficiency and overall financial performance. Further analysis of the factors influencing JetBlue's profitability and asset management practices would be necessary to address these concerns.