JetBlue Airlines 2013 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2013 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 96

  • 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

JETBLUE AIRWAYS CORPORATION-2013Annual Report42
PART II
ITEM 8Financial Statements and Supplementary Data
JetBlue Airways Corporation
ConsolidatedStatementsof Operations
(in millions, except per share amounts)
Year Ended December 31,
2013 2012 2011
OPERATING REVENUES
Passenger $ 4,971 $ 4,550 $ 4,080
Other 470 432 424
Total operating revenues 5,441 4,982 4,504
OPERATING EXPENSES
Aircraft fuel and related taxes 1,899 1,806 1,664
Salaries, wages and benefits 1,135 1,044 947
Landing fees and other rents 305 277 245
Depreciation and amortization 290 258 233
Aircraft rent 128 130 135
Sales and marketing 223 204 199
Maintenance materials and repairs 432 338 227
Other operating expenses 601 549 532
Total operating expenses 5,013 4,606 4,182
OPERATING INCOME 428 376 322
OTHER INCOME (EXPENSE)
Interest expense (161) (176) (179)
Capitalized interest 13 8 5
Interest income (expense) and other (1) 1 (3)
Total other income (expense) (149) (167) (177)
INCOME BEFORE INCOME TAXES 279 209 145
Income tax expense 111 81 59
NET INCOME $ 168 $ 128 $ 86
EARNINGS PER COMMON SHARE:
Basic $ 0.59 $ 0.45 $ 0.31
Diluted $ 0.52 $ 0.40 $ 0.28
See accompanying notes to consolidated financial statements.