JetBlue Airlines 2010 Annual Report Download - page 55

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
2010 2009 2008
Year Ended December 31,
OPERATING REVENUES
Passenger.................................................... $3,412 $2,934 $3,060
Other ....................................................... 367 358 332
Total operating revenues ....................................... 3,779 3,292 3,392
OPERATING EXPENSES
Aircraft fuel and related taxes ($39, $34, and $45 in 2010, 2009, and 2008,
respectively)................................................ 1,115 945 1,397
Salaries, wages and benefits ...................................... 891 776 694
Landing fees and other rents ..................................... 228 213 199
Depreciation and amortization .................................... 220 228 205
Aircraft rent.................................................. 126 126 129
Sales and marketing ............................................ 179 151 151
Maintenance materials and repairs ................................. 172 149 127
Other operating expenses ........................................ 515 419 377
Total operating expenses....................................... 3,446 3,007 3,279
OPERATING INCOME ......................................... 333 285 113
OTHER INCOME (EXPENSE)
Interest expense ............................................... (180) (198) (245)
Capitalized interest ............................................ 4 7 48
Interest income and other ........................................ 4 10 (5)
Total other income (expense) ................................... (172) (181) (202)
INCOME (LOSS) BEFORE INCOME TAXES ........................ 161 104 (89)
Income tax expense (benefit) ..................................... 64 43 (5)
NET INCOME (LOSS) .......................................... $ 97 $ 61 $ (84)
EARNINGS (LOSS) PER COMMON SHARE:
Basic ....................................................... $ 0.36 $ 0.24 $ (0.37)
Diluted ..................................................... $ 0.31 $ 0.21 $ (0.37)
See accompanying notes to consolidated financial statements.
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