Delaware | 000-49728 | 87-0617894 | ||
(State of Other Jurisdiction of | (Commission | (I.R.S. Employer | ||
Incorporation) | File Number) | Identification No.) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Exhibit | ||||
Number | Description | |||
99.1 |
Investor Update dated July 26, 2011 of JetBlue Airways Corporation |
JETBLUE AIRWAYS CORPORATION (Registrant) |
||||
Date: July 26, 2011 | By: | /s/ Donald Daniels | ||
Vice President, Controller and | ||||
Chief Accounting Officer (Principal Accounting Officer) |
Exhibit | ||
Number | Exhibit | |
99.1
|
Investor Update dated July 26, 2011 of JetBlue Airways Corporation |
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Investor Update |
City Pair | Frequency | Start Date | ||
White Plains, NY Nassau, Bahamas*
|
1X Daily | November 15, 2011 | ||
New York, NY (JFK) La Romana, Dominican Republic*
|
2X Weekly | November 16, 2011 | ||
New York, NY (JFK) Liberia, Costa Rica*
|
4X Weekly | November 17, 2011 | ||
San Juan, P.R. St. Thomas, U.S. Virgin Islands
|
2X Daily | December 15, 2011 | ||
San Juan, P.R. St. Croix, U.S. Virgin Islands
|
1X Daily | December 15, 2011 | ||
Boston, MA St. Thomas, U.S. Virgin Islands
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5X Weekly | December 15, 2011 | ||
San Juan, P.R. Hartford, CT
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1X Daily | January 5, 2012 |
* | Subject to receipt of government approval |
Third Quarter 2011 | Full Year 2011 | |||||
A320 | E190 | A320 | E190 | |||
87% | 13% | 86% | 14% |
Third Quarter | Full Year | |||||||
2011 | 2011 | |||||||
Operating Expense Year-Over-Year Percentage Change |
||||||||
Unit Operating Expense (CASM)
|
13% 15 | % | 14% 16 | % | ||||
Unit Operating Expense Excluding Fuel (Ex-Fuel CASM)
|
(4)% (2 | )% | 0% 2 | % | ||||
Fuel Expense |
||||||||
Estimated Consumption (gallons)
|
142 million | 527 million | ||||||
Estimated Fuel Price per Gallon, Net of Hedges *
|
$ | 3.33 | $ | 3.24 |
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Investor Update |
Estimated | ||||||||
Percentage | ||||||||
Gallons | of Consumption | Price | ||||||
3Q11
|
67 million | 48 | % | 18% in crude call options with the average cap at $94/bbl | ||||
9% in crude collars with the average cap at $100/bbl and the average put at $80/bbl | ||||||||
5% in crude 3-way collars with the average purchased call at $100/bbl, the average sold call at $110/bbl and the average put at $83/bbl | ||||||||
9% in heat collars with the average cap at $3.26/gal and the average put at $2.86/gal | ||||||||
7% in USGC jet fuel swaps at an average of $3.03/gal | ||||||||
4Q11
|
51 million | 38 | % | 7% in crude call options with the average cap at $92/bbl | ||||
9% in crude collars with the average cap at $100/bbl and the average put at $81/bbl | ||||||||
5% in crude 3-way collars with the average purchased call at $100/bbl, the average sold call at $110/bbl and the average put at $80/bbl | ||||||||
9% in heat collars with the average cap at $3.30/gal and the average put at $2.90/gal | ||||||||
8% in USGC jet fuel swaps at an average of $3.03/gal | ||||||||
1Q12
|
22 million | 18 | % | 3% in crude call options with the average cap at $99/bbl | ||||
5% in crude collars with the average cap at $98/bbl and the average put at $78/bbl | ||||||||
8% in heat collars with the average cap at $3.31/gal and the average put at $2.91/gal | ||||||||
2% in USGC jet fuel swaps at an average of $3.15/gal | ||||||||
2Q12
|
22 million | 16 | % | 2% in crude call options with the average cap at $99/bbl | ||||
5% in crude collars with the average cap at $97/bbl and the average put at $78/bbl | ||||||||
7% in heat collars with the average cap at $3.27/gal and the average put at $2.87/gal | ||||||||
2% in USGC jet fuel swaps at an average of $3.14/gal |
Third Quarter 2011 | Full Year 2011 | |||||
Aircraft | Non-aircraft | Aircraft | Non-aircraft | |||
$85 | $40 | $390 | $115 |
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Investor Update |
Airbus A320 | EMBRAER 190 | |||||||||||||||||||||||
Aircraft | Mortgage | Lease | Aircraft | Mortgage | Lease | |||||||||||||||||||
3Q11 |
| | | 2 | 2 | | ||||||||||||||||||
4Q11 |
1 | 1 | | 1 | 1 | | ||||||||||||||||||
Total at Year End* |
120 | 90 | 30 | 49 | 19 | 30 |
* | JetBlue leased two of its owned EMBRAER 190 aircraft to a third party in 2008, which are not included in the table above. |
Third Quarter 2011 | ||||||||||||
Basic Share Count | Diluted Share Count | Interest Add-back | ||||||||||
Net Income Range | (in millions) | (in millions) | (in millions)** | |||||||||
Zero $11 million |
278.9 | 281.1 | $ | | ||||||||
$11 million $15 million |
278.9 | 308.5 | $ | 1 | ||||||||
$15 million or greater |
278.9 | 349.7 | $ | 3 |
Full Year 2011 | ||||||||||||
Basic Share Count | Diluted Share Count | Interest Add-back | ||||||||||
Net Income Range | (in millions) | (in millions) | (in millions)** | |||||||||
Zero $42 million |
278.5 | 280.6 | $ | | ||||||||
$42 million $57 million |
278.5 | 308.1 | $ | 4 | ||||||||
$57 million or greater |
278.5 | 349.3 | $ | 12 |
** | Net of taxes |
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Investor Update |
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