JetBlue Airlines 2008 Annual Report Download - page 34

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“Breakeven load factor” is the passenger load factor that will result in operating revenues being equal to
operating expenses, assuming constant revenue per passenger mile and expenses.
“Aircraft utilization” represents the average number of block hours operated per day per aircraft for the total
fleet of aircraft.
“Average fare” represents the average one-way fare paid per flight segment by a revenue passenger.
“Yield per passenger mile” represents the average amount one passenger pays to fly one mile.
“Passenger revenue per available seat mile” represents passenger revenue divided by available seat miles.
“Operating revenue per available seat mile” represents operating revenues divided by available seat miles.
“Operating expense per available seat mile” represents operating expenses divided by available seat miles.
“Operating expense per available seat mile, excluding fuel” represents operating expenses, less aircraft fuel,
divided by available seat miles.
“Average stage length” represents the average number of miles flown per flight.
“Average fuel cost per gallon” represents total aircraft fuel costs, which excludes fuel taxes, divided by the
total number of fuel gallons consumed.
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