JetBlue Airways (LTS:0JOT) Scaled Net Operating Assets : 0.49 (As of Mar. 2024)

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What is JetBlue Airways Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

JetBlue Airways's operating assets for the quarter that ended in Mar. 2024 was $12,158 Mil. JetBlue Airways's operating liabilities for the quarter that ended in Mar. 2024 was $5,436 Mil. JetBlue Airways's Total Assets for the quarter that ended in Dec. 2023 was $13,853 Mil. Therefore, JetBlue Airways's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.49.

JetBlue Airways Scaled Net Operating Assets Historical Data

The historical data trend for JetBlue Airways's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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JetBlue Airways Scaled Net Operating Assets Chart

JetBlue Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.60

0.56

0.43

0.48

0.55

JetBlue Airways Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.47	0.48	0.50	0.53	0.49

Competitive Comparison of JetBlue Airways's Scaled Net Operating Assets

For the Airlines subindustry, JetBlue Airways's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

JetBlue Airways's Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, JetBlue Airways's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where JetBlue Airways's Scaled Net Operating Assets falls into.

JetBlue Airways Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

JetBlue Airways's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(12286	-	5136)	/	13045
=	0.55

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	13853	-	1567
=	12286

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10516	-	4956	-	424
=	5136

JetBlue Airways's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(12158	-	5436)	/	13853
=	0.49

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	13721	-	1563
=	12158

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11088	-	5210	-	442
=	5436

JetBlue Airways Scaled Net Operating Assets Related Terms

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JetBlue Airways (LTS:0JOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » JetBlue Airways Corp (LTS:0JOT) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

JBLU:USA JBLU:Mexico 1JAM:Italy JAW:Germany

Address

27-01 Queens Plaza North, Long Island City, NY, USA, 11101

Website

https://www.jetblue.com

JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic & Canada, Caribbean & Latin America and Atlantic. Majority of revenue is generated from Domestic & Canada segment.

JetBlue Airways (LTS:0JOT) Headlines

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