JetBlue Airways Corp
All units in Millions or Millions USD 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* 2019 2020
Income Statement                                          
Passenger Revenue 102 310 615 965 1,220 1,620 2,223 2,636 3,056 2,928 3,412 4,080 4,550 4,971 5,343 5,893 6,013 6,288 7,381 7,786 2,733
Regional Affiliate Revenue
Total Revenue 105 321 635 998 1,265 1,701 2,363 2,842 3,388 3,286 3,779 4,504 4,982 5,441 5,817 6,416 6,632 7,015 7,658 8,094 2,957
Wages Salaries & Benefits 33 85 162 267 337 428 553 648 694 776 891 947 1,044 1,135 1,294 1,540 1,698 1,887 2,044 2,320 2,032
Aircraft Fuel Expense 18 42 76 147 255 488 752 929 1,352 945 1,115 1,664 1,806 1,899 1,912 1,348 1,074 1,363 1,899 1,847 631
Depreciation & Amortization 4 10 27 51 77 115 151 176 205 228 220 233 258 290 320 345 393 446 469 525 535
Net Interest Expense 4 12 16 21 45 88 145 171 237 187 176 (184) 175 162 147 127 104 89 60 65 166
Operating Expense 126 294 530 831 1,154 1,653 2,236 2,673 3,279 3,007 3,446 4,182 4,606 5,013 5,302 5,200 5,320 6,015 7,392 7,294 4,671
Operating Income (Loss) (21) 27 105 167 111 48 127 169 109 279 333 322 376 428 515 1,216 1,312 1,000 266 800 (1,714)
Pretax Income (Loss) (22) 42 95 174 75 (24) 9 41 (76) 99 161 145 209 279 623 1,097 1,216 921 219 768 (1,893)
Net Income (Loss) (21) 39 55 103 46 (20) (1) 18 (76) 58 97 86 128 168 401 677 759 1,147 188 569 (1,354)
Balance Sheet Asset                                          
Cash & Short-term Investment 34 118 258 608 450 484 699 834 571 1,136 960 1,206 731 627 708 876 971 695 890 1,331 3,055
Restricted Cash & Short-term Investments
Total Current Assets 0 144 283 646 514 635 927 1,116 962 1,538 1,360 1,628 1,100 1,056 1,200 1,373 1,206 1,403 1,474 1,786 3,345
Total Assets 344 674 1,379 2,185 2,797 3,892 4,843 5,598 6,023 6,554 6,593 7,071 7,070 7,350 7,839 8,644 9,323 9,781 10,426 11,918 13,406
Balance Sheet Liabilities                                          
Air Traffic Liability 0 52 96 135 174 243 340 426 445 455 514 627 693 825 973 1,053 1,120 1,215 1,035 1,119 1,122
Current Liability 0 194 270 370 488 676 854 1,256 1,081 1,169 1,093 1,412 1,608 1,874 1,936 2,275 2,214 2,395 2,418 2,663 2,674
Long-term Debt & Capital Lease Obligations, Less Current Maturities 0 0 639 1,012 1,396 2,103 2,626 2,588 2,883 2,920 2,850 2,850 2,457 2,116 1,968 1,379 1,195 1,003 1,361 1,990 4,413
Pension & Post Retirement Benefits
Retained Earnings (Accumulated deficit) 0 (33) 16 120 165 145 144 162 86 118 219 305 433 601 1,002 1,679 2,446 3,593 3,679 4,322 2,968
Total Stockholder Equity (deficit) 0 (32) 415 670 754 911 952 1,036 1,261 1,539 1,654 1,757 1,888 2,134 2,529 3,210 4,013 4,834 4,611 4,799 3,951
Cash Flow Statement                                          
Net Cash Provided by (Used in) Operating Activity 3 111 217 287 199 170 274 358 (17) 486 523 614 698 758 912 1,598 1,632 1,398 1,217 1,449 (683)
Net Cash Provided by (Used in) Investing Activities (241) (365) (880) (987) (720) (1,276) (1,307) (734) (247) (457) (696) (502) (867) (476) (379) (1,134) (1,045) (975) (1,156) (1,129) (1,349)
Net Cash Provided by (Used in) Financing activities 254 262 657 789 437 1,093 1,037 556 635 306 (258) 96 (322) (239) (417) (487) (472) (553) 113 165 2,983
Payments on Long-term Debt and Capital Lease Obligation (19) (35) (71) (57) (77) (117) (390) (265) (673) (180) (333) (238) (418) (612) (702) (328) (368) (194) (222) (323) (372)
Proceeds from Issuance of Long-term Debt 138 185 416 446 499 872 855 376 716 446 116 245 215 393 342 0 0 0 687 981 2,541
Net Increase (Decrease) in Cash 16 83 129 89 (84) (13) 4 180 371 335 (431) 208 (491) 43 116 (23) 115 (130) 174 485 951
Operating Statistics                                          
Regional Passengers
Regional ASM
Regional RPM
Mainline Passengers 0 3 6 9 12 15 19 21 22 22 24 26 29 30 32 35 38 40 42 43 14
Mainline ASM 1,372 4,208 8,240 13,639 18,911 23,703 28,594 31,904 32,442 32,558 34,744 37,232 40,075 42,824 44,994 49,258 53,620 56,007 59,881 63,841 32,689
Mainline RPM 1,004 3,282 6,836 11,527 15,730 20,200 23,320 25,737 26,071 25,955 28,279 30,698 33,563 35,836 37,813 41,711 45,619 47,240 50,790 53,617 18,598
Data Source:  SEC 10K Filings
*Note: In 2018, many airlines changed their accounting principles to conform to new standards, which lead to some significant changes in the numbers reported compared to previous years. For the sake of clarity, many airlines provided recast 2017 results in their 10-K reports that can be found in SEC’s EDGAR tool.