JetBlue Airlines 2015 Annual Report Download - page 28

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JETBLUE AIRWAYS CORPORATION-2015Annual Report24
PART II
ITEM6Selected Financial Data
(in millions) 2015 2014 2013 2012 2011
Balance Sheet Data (in millions):
Cash and cash equivalents $ 318 $ 341 $ 225 $ 182 $ 673
Investment securities 607 427 516 685 591
Total assets 8,660 7,839 7,350 7,070 7,071
Total long-term debt and capital leases 1,843 2,233 2,585 2,851 3,136
Common stockholders’ equity 3,210 2,529 2,134 1,888 1,757
2015 2014 2013 2012 2011
Operating Statistics:
Revenue passengers (thousands) 35,101 32,078 30,463 28,956 26,370
Revenue passenger miles (millions) 41,711 37,813 35,836 33,563 30,698
Available seat miles (ASMs) (millions) 49,258 44,994 42,824 40,075 37,232
Load factor 84.7% 84.0% 83.7% 83.8% 82.4%
Aircraft utilization (hours per day) 11.9 11.8 11.9 11.8 11.7
Average fare $ 167.89 $ 166.57 $ 163.19 $ 157.11 $ 154.74
Yield per passenger mile (cents) 14.13 14.13 13.87 13.55 13.29
Passenger revenue per ASM (cents) 11.96 11.88 11.61 11.35 10.96
Operating revenue per ASM (cents) 13.03 12.93 12.71 12.43 12.10
Operating expense per ASM (cents) 10.56 11.78 11.71 11.49 11.23
Operating expense per ASM, excluding fuel and related
taxes (cents) 7.82 7.53 7.28 6.99 6.76
Operating expense per ASM, excluding fuel, profit sharing
and related taxes (cents) 7.51 7.48 7.25 6.98 6.76
Airline operating expense per ASM (cents)(1) 10.56 11.70 11.56 11.34 11.06
Departures 316,505 294,800 282,133 264,600 243,446
Average stage length (miles) 1,092 1,088 1,090 1,085 1,091
Average number of operating aircraft during period 207.9 196.2 185.2 173.9 164.9
Average fuel cost per gallon, including fuel taxes $ 1.93 $ 2.99 $ 3.14 $ 3.21 $ 3.17
Fuel gallons consumed (millions) 700 639 604 563 525
Average number of full-time equivalent crewmembers(1) 14,537 13,280 12,447 12,035 11,532
(1) Excludes results of operations and employees of LiveTV, LLC, which were unrelated to our airline operations and are immaterial to our consolidated operating results. As of June 10, 2014,
employees of LiveTV, LLC were no longer part of JetBlue.
Glossary of Airline terminology
Airline terminology used in this section and elsewhere in this Report:
•
Aircraft utilization – The average number of block hours operated per
day per aircraft for the total fleet of aircraft.
•
Available seat miles – The number of seats available for passengers
multiplied by the number of miles the seats are flown.
•
Average fare – The average one-way fare paid per flight segment by
a revenue passenger.
•
Average fuel cost per gallon – Total aircraft fuel costs, including fuel
taxes and effective portion of fuel hedging, divided by the total number
of fuel gallons consumed.
•Average stage length – The average number of miles flown per flight.
•
Load factor – The percentage of aircraft seating capacity actually utilized,
calculated by dividing revenue passenger miles by available seat miles.
•
Operating expense per available seat mile – Operating expenses
divided by available seat miles.
•
Operating expense per available seat mile, excluding fuel and related
taxes – Operating expenses, less aircraft fuel and related taxes, divided
by available seat miles.
•
Operating expense per available seat mile, excluding fuel, profit
sharing and related taxes – Operating expenses, less aircraft fuel, profit
sharing and related taxes, divided by available seat miles.
•
Operating revenue per available seat mile – Operating revenues
divided by available seat miles.
•
Passenger revenue per available seat mile – Passenger revenue
divided by available seat miles.
•Revenue passengers – The total number of paying passengers flown
on all flight segments.
•
Revenue passenger miles – The number of miles flown by revenue
passengers.
•
Yield per passenger mile – The average amount one passenger pays
to fly one mile.