JetBlue Airlines 2012 Annual Report Download - page 29

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JETBLUE AIRWAYS CORPORATION-2012 10K 25
PART II
ITEM6Selected Financial Data
(in millions)
As of December31,
2012 2011 2010 2009 2008
Balance Sheet Data:
Cash and cash equivalents $ 182 $ 673 $ 465 $ 896 $ 561
Investment securities 685 591 628 246 244
Total assets 7,070 7,071 6,593 6,549 6,018
Total debt 2,851 3,136 3,033 3,304 3,144
Common stockholders’ equity 1,888 1,757 1,654 1,546 1,270
Year Ended December 31,
2012 2011 2010 2009 2008
Operating Statistics (unaudited):
Revenue passengers (thousands) 28,956 26,370 24,254 22,450 21,920
Revenue passenger miles (millions) 33,563 30,698 28,279 25,955 26,071
Available seat miles (ASMs) (millions) 40,075 37,232 34,744 32,558 32,442
Load factor 83.8% 82.4% 81.4% 79.7% 80.4%
Aircraft utilization (hours per day) 11.8 11.7 11.6 11.5 12.1
Average fare $ 157.11 $ 154.74 $ 140.69 $ 130.67 $ 139.56
Yield per passenger mile (cents) 13.55 13.29 12.07 11.30 11.73
Passenger revenue per ASM (cents) 11.35 10.96 9.82 9.01 9.43
Operating revenue per ASM (cents) 12.43 12.10 10.88 10.11 10.45
Operating expense per ASM (cents) 11.49 11.23 9.92 9.24 10.11
Operating expense per ASM, excluding fuel (cents) 6.99 6.76 6.71 6.33 5.80
Operating expense per ASM, excluding fuel & profi t
sharing (cents) 6.98 6.76 6.71 6.33 5.80
Airline operating expense per ASM (cents)
(6) 11.34 11.06 9.71 8.99 9.87
Departures 264,600 243,446 225,501 215,526 205,389
Average stage length (miles) 1,085 1,091 1,100 1,076 1,120
Average number of operating aircraft during period 173.9 164.9 153.5 148.0 139.5
Average fuel cost per gallon, including fuel taxes $ 3.21 $ 3.17 $ 2.29 $ 2.08 $ 3.08
Fuel gallons consumed (millions) 563 525 486 455 453
Full-time equivalent employees at period end
(6) 12,070 11,733 11,121 10,704 9,895
(6) Excludes results of operations and employees of LiveTV, LLC, which are unrelated to our airline operations and are immaterial to our consolidated operating results.
The following terms used in this section and elsewhere in this report have the
meanings indicated below:
“Revenue passengers” represents the total number of paying passengers
fl own on all fl ight segments.
“Revenue passenger miles” represents the number of miles fl own by
revenue passengers.
“Available seat miles” represents the number of seats available for passengers
multiplied by the number of miles the seats are fl own.
“Load factor” represents the percentage of aircraft seating capacity actually
utilized (revenue passenger miles divided by available seat miles).
“Aircraft utilization” represents the average number of block hours operated
per day per aircraft for the total fl eet of aircraft.
“Average fare” represents the average one-way fare paid per fl ight segment
by a revenue passenger.
“Yield per passenger mile” represents the average amount one passenger
pays to fl y 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 fl own
per fl ight.
“Average fuel cost per gallon” represents total aircraft fuel costs, including
fuel taxes and effective portion of fuel hedging, divided by the total number
of fuel gallons consumed.