JBLUE 4th QTR Earnings

[chazman]

Looks like we won't lose our winning streak this quarter after all, even if by the slightest margins. A true testament to the efforts of our crewmembers to pull off a profitable quarter with all the $$$ we are currently spending on expansion.

Chaz

 

[jaxgus]

The Math

NEW YORK, Jan 27, 2005 (BUSINESS WIRE) -- JetBlue Airways Corporation (JBLU) today reported its results for the fourth quarter and full year 2004:

-- Operating revenues for the quarter totaled $334.0 million, representing growth of 27.0% over operating revenues of $262.9 million in the fourth quarter of 2003. For the full year, operating revenues totaled $1.27 billion, representing growth of 26.8% over operating revenues of $998.4 million for the full year 2003.

-- Operating income in the quarter was $12.2 million, resulting in a 3.7% operating margin, compared to operating income of $35.0 million and a 13.3% operating margin in the fourth quarter of 2003. For the full year 2004, operating income was $112.9 million, resulting in an operating margin of 8.9%. This compares with operating income of $168.8 million and a 16.9% operating margin for the full year 2003.

-- Net income for the quarter was $2.4 million, representing earnings of $0.02 per diluted share, compared with fourth quarter 2003 net income of $19.5 million, or $0.17 per diluted share. For the full year 2004, net income totaled $47.5 million, or $0.43 per diluted share, compared with net income of $103.9 million, or $0.96 per diluted share, for the full year 2003. Results for the full year 2003 reflect the receipt of $22.8 million in compensation related to the Emergency War Time Supplemental Appropriations Act. Net of income taxes and profit sharing, this amounts to $11.5 million, or $0.11 per diluted share for the twelve months ended December 31, 2003.

 

[lowecur]

Excellent

Nice Job B6! In a Q filled with a hurricane and high fuel. I did notice that the accountants played with the numbers a little bit, and finally booked expired tickets as a profit. Oh well, why not. If AAI can defer maintenance costs, you are entitled to book expired tickets.

 

[Ty Webb]

Nice Job B6! In a Q filled with a hurricane and high fuel.

What "hurricane" occurred in the fourth quarter? Or are you referring to your beverage selection in MSY during the most recent "Insurance Salesman/Junior Airline Analcyst" Convention . . . . . .

Ivan was in September. . . . . .

 

[Dizel8]

Conference call predicts profits first Q05 and 2005 operating margin in the 7-9% range.

A/C utilization has gone from 12.8hrs/day to 13.2hrs/day.

RASM up in several markets, most notably in the west.

69 ac, 44 owned, 25 leased.

CASM 6.2 due to increase in fuel, fuel up 47%.

Fuel neutral casm down 3%.

Fuel burn reduced by 2% due to crewmembers.

 

[lowecur]

What "hurricane" occurred in the fourth quarter? Or are you referring to your beverage selection in MSY during the most recent "Insurance Salesman/Junior Airline Analcyst" Convention . . . . . .

Ivan was in September. . . . . .

hic!

 

[BID]

"Our Company was beset by four hurricanes heading into the quarter which hurt our bookings in October," commented Robert L. Fornaro, AirTran Airways president and chief operating officer. "However, November and December ..."


The above quote was taken rom AirTran's quarterly report. Maybe it relates? Congrats JB. a profit is good in rough times, it will be interesting to see how you guys do when the industry is healthy.

 

[Dizel8]

450 mil in cash/short term assets, 750M in equity.

average stagelenght 1300 Miles.

15 A-320 in 05.

7 EMB-190 in 05, first revenue flight October.

20% hedged in 2005 at just under $30/Barrel.

Construction on terminal this year, new terminal ready 2008.

MX hangar at JFK opens in May, MX hangar and Training facility in MCO to open mid year.

Aitran buying XM radio through LiveTV, a jetblue company.

VirginBlue has signed letter of intent to purchase LiveTV system for fleet.

 

[Wingsweep]

Huh?

Operating income...diluted share...net income...operating margin...??

So did JB make a profit, and if so, how much? I'm just a dumb Wyoming Cowboy, but accountants and lawyers are the biggest sources of prevarication in the English language. No wonder Lowecur seems to be the only one who understands it... P.S. If someone decides to answer my question, please don't start with, "It depends on what you mean by profit..."

 

[Dizel8]

Wyoming, now there is some great skiing.

Yes, jetblue made a profit, 2.4 Mil.

How is Jackson Hole these days?