JetBlue Airlines 2009 Annual Report Download - page 34

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2009 2008 2007 2006 2005
As of December 31,
(in millions)
Balance Sheet Data:
Cash and cash equivalents ................ $ 896 $ 561 $ 190 $ 10 $ 6
Investment securities .................... 246 244 611 689 476
Total assets........................... 6,554 6,020 5,595 4,840 3,890
Total debt ............................ 3,304 3,144 3,022 2,804 2,281
Common stockholders’ equity ............. 1,539 1,266 1,050 972 937
2009 2008 2007 2006 2005
Year Ended December 31,
Operating Statistics (unaudited):
Revenue passengers (thousands) .............. 22,450 21,920 21,387 18,565 14,729
Revenue passenger miles (millions) . . . ........ 25,955 26,071 25,737 23,320 20,200
Available seat miles (ASMs)(millions) . ........ 32,558 32,442 31,904 28,594 23,703
Load factor ............................. 79.7% 80.4% 80.7% 81.6% 85.2%
Aircraft utilization (hours per day) ............ 11.5 12.1 12.8 12.7 13.4
Average fare ............................ $ 130.41 $ 139.40 $ 123.23 $ 119.73 $ 110.03
Yield per passenger mile (cents) .............. 11.28 11.72 10.24 9.53 8.02
Passenger revenue per ASM (cents) . . . ........ 8.99 9.42 8.26 7.77 6.84
Operating revenue per ASM (cents) . . . ........ 10.09 10.44 8.91 8.26 7.18
Operating expense per ASM (cents) . . . ........ 9.24 10.11 8.38 7.82 6.98
Operating expense per ASM, excluding fuel
(cents) ............................... 6.33 5.80 5.34 5.07 4.81
Airline operating expense per ASM (cents)(6) .... 8.99 9.87 8.27 7.76 6.91
Departures .............................. 215,526 205,389 196,594 159,152 112,009
Average stage length (miles) ................. 1,076 1,120 1,129 1,186 1,358
Average number of operating aircraft during
period ............................... 148.0 139.5 127.8 106.5 77.5
Average fuel cost per gallon, including fuel
taxes ................................ $ 2.08 $ 3.08 $ 2.18 $ 2.08 $ 1.70
Fuel gallons consumed (millions) ............. 455 453 444 377 303
Full-time equivalent employees at period end(6) . . 10,704 9,895 9,909 9,265 8,326
(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 flown on all flight segments.
“Revenue passenger miles” represents the number of miles flown by revenue passengers.
“Available seat miles” represents the number of seats available for passengers multiplied by the number of
miles the seats are flown.
“Load factor” represents the percentage of aircraft seating capacity that is 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
fleet of aircraft.
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