JetBlue Airways Corp (JBLU)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-310,000	-183,000	27,000	-299,000	-362,000	-515,000	-442,000	-190,000	-182,000	-426,000	-949,000	-1,333,000	-1,354,000	-820,000	-240,000	259,000	569,000	578,000	441,000	141,000
Total assets	US$ in thousands	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	13,406,000	13,433,000	14,027,000	12,340,000	11,918,000	11,319,000	11,236,000	11,115,000
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-310,000K ÷ $13,853,000K
= -2.24%

Jetblue Airways Corp's return on assets (ROA) has shown fluctuations over the past eight quarters. In Q4 2023, the ROA was -2.24%, which improved from the previous quarter but still remained negative. This negative trend in ROA had been consistent in the two quarters before Q3 2023. The positive ROA of 0.20% in Q2 2023 was a brief deviation from the negative trend.

Compared to the same quarter in the previous year, the ROA has shown improvement, with a decrease in the negative percentages. However, the ROA figures remain below zero, indicating the company's lower profitability relative to its total assets.

Overall, Jetblue Airways Corp's ROA performance suggests a need for management to focus on enhancing operational efficiency and profitability to generate a better return on investment for the company's assets.