JetBlue Airways Corp (JBLU)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,337,000 | 3,563,000 | 3,849,000 | 3,951,000 | 4,799,000 |
| ROE | -9.29% | -10.16% | -4.73% | -34.27% | 11.86% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-310,000K ÷ $3,337,000K
= -9.29%
Jetblue Airways Corp's Return on Equity (ROE) has been fluctuating over the past five years. The company experienced a negative ROE in the most recent two years, with ROE values of -9.29% in 2023 and -10.16% in 2022. This suggests that the company's net income was insufficient to generate a positive return relative to shareholders' equity during these periods.
In 2021, Jetblue's ROE improved slightly to -4.73%, but remained in negative territory. The most significant decline was observed in 2020, with a ROE of -34.27%, indicating a substantial decrease in the company's profitability and efficiency in utilizing shareholders' equity to generate earnings.
However, it is worth noting that Jetblue demonstrated a strong ROE of 11.86% in 2019, indicating that the company was able to efficiently utilize shareholders' equity to generate profits and deliver returns to investors.
Overall, Jetblue's recent negative ROE figures highlight challenges in generating adequate returns for shareholders, indicating the need for the company to address profitability and operational efficiency issues to improve its financial performance.
Peer comparison
Dec 31, 2023