strategic-management

30 MERNOUSH BANTON
EXHIBIT 3 JetBlue Airways Corporation: Consolidated Balance Sheets
(in millions, except share data)—continued
EXHIBIT 4 JetBlue Corporation: Consolidated Statements of
Operations (in millions, except per share amounts)
Year Ended December 31,
2008 2007 2006
OPERATING REVENUES
Passenger $ 3,056 $ 2,636 $ 2,223
Other 332 206 140
Total operating revenues 3,388 2,842 2,363
OPERATING EXPENSES
Aircraft fuel 1,352 929 752
Salaries, wages and benefits 694 648 553
Landing fees and other rents 199 180 158
December 31,
2008 2007
Other accrued liabilities 113 120
Short-term borrowings 120 43
Current maturities of long-term debt and capital leases 152 417
Total current liabilities 1,081 1,256
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS 2,883 2,588
CONSTRUCTION OBLIGATION 512 438
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes 194 192
Other 92 88
286 280
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $.01 par value; 25,000,000 shares authorized, none issued
Common stock, $ 01 par value; 500,000,000 shares authorized, 288,633,882 issued
and 271, 763,139 outstanding in 2008 and 181,593,440 shares issued and
— —
outstanding in 2007 3 2
Treasury stock, at cost; 16,878,876 shares — —
Additional paid-in capital 1,256 853
Retained earnings 86 162
Accumulated other comprehensive income (loss), net of taxes (84) 19
Total stockholders’ equity 1,261 1,036
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,023 $ 5,598
Source: JetBlue, Form 10K (2008).
continued