JetBlue Airlines 2011 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2011 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 131

  • 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
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131

JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
Year Ended December 31,
2011 2010 2009
OPERATING REVENUES
Passenger .......................................................... $4,080 $3,412 $2,934
Other .............................................................. 424 367 358
Total operating revenues ............................................ 4,504 3,779 3,292
OPERATING EXPENSES
Aircraft fuel and related taxes ($49, $39, and $34 in 2011, 2010, and 2009,
respectively) ...................................................... 1,664 1,115 945
Salaries, wages and benefits ............................................ 947 891 776
Landing fees and other rents ........................................... 245 228 213
Depreciation and amortization .......................................... 233 220 228
Aircraft rent ........................................................ 135 126 126
Sales and marketing .................................................. 199 179 151
Maintenance materials and repairs ....................................... 227 172 149
Other operating expenses .............................................. 532 515 419
Total operating expenses ............................................ 4,182 3,446 3,007
OPERATING INCOME ............................................... 322 333 285
OTHER INCOME (EXPENSE)
Interest expense ..................................................... (179) (180) (198)
Capitalized interest ...................................................547
Interest income and other .............................................. (3) 4 10
Total other income (expense) ......................................... (177) (172) (181)
INCOME BEFORE INCOME TAXES 145 161 104
Income tax expense .................................................. 59 64 43
NET INCOME ....................................................... $ 86 $ 97 $ 61
EARNINGS PER COMMON SHARE:
Basic .............................................................. $ 0.31 $ 0.36 $ 0.24
Diluted ............................................................ $ 0.28 $ 0.31 $ 0.21
See accompanying notes to consolidated financial statements.
52