JetBlue Airways Corp (JBLU)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,337,000	3,420,000	3,554,000	3,373,000	3,563,000	3,507,000	3,446,000	3,598,000	3,849,000	3,949,000	3,813,000	3,714,000	3,951,000	3,717,000	4,094,000	4,366,000	4,799,000	4,764,000	4,697,000	4,607,000
ROE		-9.29%	-5.35%	0.76%	-8.86%	-10.16%	-14.68%	-12.83%	-5.28%	-4.73%	-10.79%	-24.89%	-35.89%	-34.27%	-22.06%	-5.86%	5.93%	11.86%	12.13%	9.39%	3.06%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-310,000K ÷ $3,337,000K
= -9.29%

Jetblue Airways Corp's Return on Equity (ROE) has shown fluctuating performance in the past eight quarters. The ROE has consistently been negative, indicating that the company is generating less profit with the shareholders' equity. The ROE worsened in Q4 2023, reaching -9.29%, compared to -5.35% in Q3 2023. This suggests that the company's profitability relative to shareholders' equity deteriorated in the most recent quarter.

Jetblue's best performance in terms of ROE was in Q2 2023, where it reached 0.76%. However, this positive ROE was short-lived, as the company returned to negative territory in the subsequent quarters.

Overall, the declining trend in ROE over the past eight quarters may indicate operational inefficiencies, cost challenges, or other financial issues within Jetblue Airways Corp. Investors and stakeholders may need to further investigate the reasons behind the consistently negative ROE to determine the company's long-term financial health and sustainability.