JetBlue Airways Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year 2015
For the full year, the company reported total operating revenues of $5,817 million against $5,441 million a year ago. Operating income was $515 million against $428 million a year ago. Income before income taxes was $623 million against $279 million a year ago. Net income was $401 million or $1.19 per diluted share against $168 million or $0.52 per diluted share a year ago. Non-GAAP income before income taxes was $623 million against $279 million a year ago. Non-GAAP net income was $232 million or $0.70 per diluted share against $168 million or $0.52 per diluted share a year ago. ROIC was 6.3% against 5.3% a year ago.
For the quarter, the company reported revenue passenger miles of 9,392 million against 8,654 million a year ago. Available seat miles are 11,436 against 10,691 million a year ago. Load factor is 82.1% against 80.9% a year ago.
For the full year, the company reported revenue passenger miles of 37,813 million against 35,836 million a year ago. Available seat miles are 44,994 against 42,824 million a year ago. Load factor is 84% against 83.7% a year ago.
The company provided capital expenditure guidance for the year 2015. For the period, the company, the company is forecasting non-aircraft CapEx of between $150 million and $200 million compared to $320 million in 2014. The company expects total capital expenditures of approximately $810 million to $860 million.