To this day, the Phoenix Coyotes have yet to turn in a profit from a single season since moving to Glendale, Arizona. So it begs the question: Would the team have done worse if it stayed in Winnipeg?
The reason the Jets became the last Canadian team to go south of the border is because the stadium was simply too outdated, the big knock being the lack of luxury boxes and, of course, the Canadian dollar.
While in Phoenix, the former Jets have made the playoffs eight times, winning their first playoff series since the 80s this year. This season also saw the return of the Jets to Winnipeg via the Atlanta Thrashers, and although the city and its hockey fans are happy they got a hockey team after 14 years of waiting, that's still 14 years of no NHL team, meaning no NHL action and no NHL playoffs.
The new Jets may have a promising future, but the current Phoenix Coyotes are division champions and are the "real" Jets, though Shane Doan is the last remaining former Jet on the team. The big deal about this is that hockey has failed miserably in Glendale, and in hindsight, it makes no sense why the team wasn't moved back to Winnipeg about five to six years ago.
Who knows, after the NHL changed the rulebook and allowed subsidies to Canadian teams, would the Winnipeg Jets have been losing as much money as the Yotes? Probably not.