JetBlue Airlines 2006 Annual Report Download - page 53

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
Year Ended December 31,
2006 2005 2004
OPERATING REVENUES
Passenger ............................................... $ 2,223 $ 1,620 $ 1,220
Other .................................................. 140 81 45
Total operating revenues................................ 2,363 1,701 1,265
OPERATING EXPENSES
Salaries, wages and benefits ............................... 553 428 337
Aircraft fuel............................................. 752 488 255
Landing fees and other rents .............................. 158 112 92
Depreciation and amortization ............................ 151 115 77
Aircraft rent ............................................ 103 74 70
Sales and marketing...................................... 104 81 63
Maintenance materials and repairs ......................... 87 64 45
Other operating expenses ................................. 328 291 215
Total operating expenses................................ 2,236 1,653 1,154
OPERATING INCOME ................................... 127 48 111
OTHER INCOME (EXPENSE)
Interest expense ......................................... (173) (107) (53)
Capitalized interest ...................................... 27 16 9
Interest income and other................................. 28 19 8
Total other income (expense)............................ (118) (72) (36)
INCOME (LOSS) BEFORE INCOME TAXES ............... 9 (24) 75
Income tax expense (benefit) .............................. 10 (4) 29
NET INCOME (LOSS) .................................... $ (1) $ (20) $ 46
EARNINGS (LOSS) PER COMMON SHARE:
Basic ................................................... $ — $ (0.13) $ 0.30
Diluted ................................................. $ — $ (0.13) $ 0.28
See accompanying notes to consolidated financial statements.
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