JetBlue Airlines 2005 Annual Report Download - page 54

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
Year Ended December 31,
2005 2004 2003
OPERATING REVENUES
Passenger.................................................... $ 1,620 $ 1,220 $ 965
Other ....................................................... 81 45 33
Total operating revenues .................................... 1,701 1,265 998
OPERATING EXPENSES
Salaries, wages and benefits .................................... 428 337 267
Aircraft fuel ................................................. 488 255 147
Landing fees and other rents ................................... 112 92 70
Depreciation and amortization ................................. 115 77 51
Aircraft rent ................................................. 74 70 60
Sales and marketing........................................... 81 63 54
Maintenance materials and repairs .............................. 64 45 23
Other operating expenses...................................... 291 215 159
Total operating expenses .................................... 1,653 1,154 831
OPERATING INCOME ........................................ 48 111 167
OTHER INCOME (EXPENSE)
Interest expense .............................................. (107) (53) (29)
Capitalized interest ........................................... 16 9 5
Interest income and other ..................................... 19 8 8
Government compensation..................................... — — 23
Total other income (expense) ................................ (72) (36) 7
INCOME (LOSS) BEFORE INCOME TAXES.................... (24) 75 174
Income tax expense (benefit)................................... (4) 29 71
NET INCOME (LOSS) ......................................... $ (20) $ 46 $ 103
EARNINGS (LOSS) PER COMMON SHARE:
Basic........................................................ $ (0.13) $ 0.30 $ 0.71
Diluted...................................................... $ (0.13) $ 0.28 $ 0.64
See accompanying notes to consolidated financial statements.
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