JetBlue Airlines 2008 Annual Report Download - page 53
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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
2008 2007 2006
Year Ended December 31,
OPERATING REVENUES
Passenger .................................................. $3,056 $2,636 $2,223
Other ..................................................... 332 206 140
Total operating revenues ..................................... 3,388 2,842 2,363
OPERATING EXPENSES
Aircraft fuel ................................................ 1,352 929 752
Salaries, wages and benefits .................................... 694 648 553
Landing fees and other rents .................................... 199 180 158
Depreciation and amortization .................................. 205 176 151
Aircraft rent ................................................ 129 124 103
Sales and marketing . . . ....................................... 151 121 104
Maintenance materials and repairs ............................... 127 106 87
Other operating expenses ...................................... 422 389 328
Total operating expenses ..................................... 3,279 2,673 2,236
OPERATING INCOME ........................................ 109 169 127
OTHER INCOME (EXPENSE)
Interest expense ............................................. (232) (225) (173)
Capitalized interest ........................................... 48 43 27
Interest income and other ...................................... (1) 54 28
Total other income (expense) ................................. (185) (128) (118)
INCOME (LOSS) BEFORE INCOME TAXES ...................... (76) 41 9
Income tax expense . . . ....................................... — 23 10
NET INCOME (LOSS) ........................................ $ (76) $ 18 $ (1)
EARNINGS (LOSS) PER COMMON SHARE:
Basic ..................................................... $(0.34) $ 0.10 $ —
Diluted ................................................... $(0.34) $ 0.10 $ —
See accompanying notes to consolidated financial statements.
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