JetBlue Airlines 2003 Annual Report Download - page 37

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As of December 31,
2003 2002 2001 2000 1999
(in thousands)
Balance Sheet Data:
Cash and cash equivalents ........ $ 570,695 $ 246,752 $ 117,522 $ 34,403 $ 18,246
Total assets .................. 2,185,757 1,378,923 673,773 344,128 138,182
Total debt ................... 1,108,595 711,931 374,431 177,048 14,577
Convertible redeemable preferred
stock ..................... — — 210,441 163,552 133,478
Common stockholders’ equity
(deficit) ................... 671,136 414,673 (32,167) (54,153) (18,893)
Year Ended December 31,
2003 2002 2001 2000
Operating Statistics (unaudited):
Revenue passengers .......................... 9,011,552 5,752,105 3,116,817 1,144,421
Revenue passenger miles (000) .................. 11,526,945 6,835,828 3,281,835 1,004,496
Available seat miles (000) ..................... 13,639,488 8,239,938 4,208,267 1,371,836
Load factor ................................ 84.5% 83.0% 78.0% 73.2%
Breakeven load factor(4) ...................... 72.5% 71.5% 73.7% 90.6%
Aircraft utilization (hours per day) ............... 13.0 12.9 12.6 12.0
Average fare ............................... $ 107.09 $ 106.95 $ 99.62 $ 88.84
Yield per passenger mile (cents) ................. 8.37 9.00 9.46 10.12
Passenger revenue per available seat mile (cents) ..... 7.08 7.47 7.38 7.41
Operating revenue per available seat mile (cents) .... 7.32 7.71 7.61 7.63
Operating expense per available seat mile (cents) .... 6.08 6.43 6.98 9.17
Airline operating expense per available seat mile
(cents)(4) ................................ 6.07 6.43 6.98 9.17
Departures ................................ 66,920 44,144 26,334 10,265
Average stage length (miles) .................... 1,272 1,152 986 825
Average number of operating aircraft during period . . . 44.0 27.0 14.7 5.8
Full-time equivalent employees at period end(4) ..... 4,892 3,572 1,983 1,028
Average fuel cost per gallon (cents) .............. 85.08 72.28 75.63 96.15
Fuel gallons consumed (000) ................... 173,157 105,515 55,095 18,340
Percent of sales through jetblue.com during period . . . 73.0% 63.0% 44.1% 28.7%
(4) Excludes operating expenses and employees of LiveTV, LLC, which are unrelated to our airline
operations.
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