JetBlue Airlines 2007 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2007 JetBlue Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
Year Ended December 31,
2007 2006 2005
OPERATING REVENUES
Passenger ............................................... $2,636 $2,223 $1,620
Other .................................................. 206 140 81
Total operating revenues................................ 2,842 2,363 1,701
OPERATING EXPENSES
Aircraft fuel............................................. 929 752 488
Salaries, wages and benefits ............................... 648 553 428
Landing fees and other rents .............................. 180 158 112
Depreciation and amortization ............................ 176 151 115
Aircraft rent ............................................ 124 103 74
Sales and marketing...................................... 121 104 81
Maintenance materials and repairs ......................... 106 87 64
Other operating expenses ................................. 389 328 291
Total operating expenses................................ 2,673 2,236 1,653
OPERATING INCOME ................................... 169 127 48
OTHER INCOME (EXPENSE)
Interest expense ......................................... (225) (173) (107)
Capitalized interest ...................................... 43 27 16
Interest income and other................................. 54 28 19
Total other income (expense)............................ (128) (118) (72)
INCOME (LOSS) BEFORE INCOME TAXES ............... 41 9 (24)
Income tax expense (benefit) .............................. 23 10 (4)
NET INCOME (LOSS) .................................... $ 18 $ (1) $ (20)
EARNINGS (LOSS) PER COMMON SHARE:
Basic ................................................... $ 0.10 $ — $ (0.13)
Diluted ................................................. $ 0.10 $ — $ (0.13)
See accompanying notes to consolidated financial statements.
46