JetBlue Airways Corp (JBLU)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,641,000 | 2,644,000 | 2,697,000 | 2,633,000 | 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 | 3,943,000 | 3,717,000 | 4,094,000 | 4,366,000 |
| ROE | -30.10% | -32.30% | -35.11% | -31.67% | -9.29% | -5.35% | 0.76% | -8.86% | -10.16% | -14.68% | -12.83% | -5.28% | -4.73% | -10.99% | -25.10% | -36.11% | -34.54% | -22.06% | -5.86% | 5.93% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-795,000K ÷ $2,641,000K
= -30.10%
The return on equity (ROE) for JetBlue Airways Corp has shown a concerning downward trend over the past few years. Starting from a modest 5.93% in March 2020, the ROE turned negative in the subsequent quarters, reaching its lowest point at -36.11% in March 2021. Although there were fluctuations in the ROE figures thereafter, the company consistently struggled to generate positive returns for its shareholders.
The negative ROE values suggest that JetBlue Airways Corp was not efficiently utilizing its equity capital to generate profits during this period. A declining ROE could indicate issues with the company's profitability, asset management, or leverage strategies. It is crucial for the management of JetBlue Airways Corp to analyze the underlying factors behind this trend and implement strategic initiatives to improve the company's profitability and enhance shareholder value in the future.
Peer comparison
Dec 31, 2024