-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CfNSwB7FR9yUjUe/eEgnlFKneVEcV/9O2mq1L67PsqkrNsu62TPneV1IbKukXzVq Rhgvp/euSZ4w3LQSAdJamw== 0001047469-03-039481.txt : 20031204 0001047469-03-039481.hdr.sgml : 20031204 20031204170744 ACCESSION NUMBER: 0001047469-03-039481 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031204 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JETBLUE AIRWAYS CORP CENTRAL INDEX KEY: 0001158463 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 870617894 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49728 FILM NUMBER: 031038444 BUSINESS ADDRESS: STREET 1: 118-29 QUEENS BOULEVARD CITY: FOREST HILLS STATE: NY ZIP: 11375 BUSINESS PHONE: 7182867900 MAIL ADDRESS: STREET 1: 118-29 QUEENS BOULEVARD CITY: FOREST HILLS STATE: NY ZIP: 11375 8-K 1 a2124113z8-k.htm 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 4, 2003

JETBLUE AIRWAYS CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
(State of other jurisdiction
of incorporation)
  000-49728
(Commission
File Number)
  87-0617894
(I.R.S. Employer
Identification No.)
         
118-29 Queens Boulevard, Forest Hills, New York
(Address of principal executive offices)
      11375
(Zip Code)

(718) 709-3026
(Registrant's telephone number, including area code)




Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

    (c)
    Exhibits

Exhibit
Number

  Description

99.1

 

Press Release dated December 4, 2003, titled "JetBlue Airways Reports November Traffic; Revises Fourth Quarter Earnings Guidance."


Item 9.    Regulation FD Disclosure

        On December 4, 2003, JetBlue Airways Corporation issued a press release announcing traffic statistics for November 2003 in addition to updating the Company's expected results of operations for the fourth quarter of 2003. This press release is filed herewith as Exhibit 99.1 and incorporated by reference herein.



SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    JETBLUE AIRWAYS CORPORATION
(Registrant)

Date: December 4, 2003

 

By:

/s/  
HOLLY NELSON      
Vice President and Controller
(principal accounting officer)


EXHIBIT INDEX

Exhibit
Number

  Description

  Location

99.1   Press Release dated December 4, 2003, titled "JetBlue Airways Reports November Traffic; Revises Fourth Quarter Earnings Guidance."   Filed herewith



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SIGNATURE
EXHIBIT INDEX
EX-99.1 3 a2124113zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

FOR IMMEDIATE RELEASE       CONTACT:
        Investor Relations
Amy Carpi
(203) 656-7651
amy.carpi@jetblue.com

 

 

 

 

Corporate Communications
Gareth Edmondson-Jones
(718) 709-3089
gareth.edmondson-jones@jetblue.com


JetBlue Airways Reports November Traffic;
Revises Fourth Quarter Earnings Guidance

        NEW YORK, NY (December 4, 2003)—JetBlue Airways Corporation (NASDAQ: JBLU) reported today that its traffic in November increased 57.6 percent from November 2002, on a capacity increase of 53.2 percent.

        Load factor for November 2003 was 81.6 percent, an increase of 2.3 points from November 2002. JetBlue's completion factor was 99.9 percent and its on-time (1) performance was 88.8 percent. JetBlue achieved its highest ever daily load factor of 96.6 percent on November 30, 2003.


JETBLUE AIRWAYS TRAFFIC RESULTS

 
  Nov. 2003

  Nov. 2002

  % Change

Revenue passenger miles (000)   984,519   624,596   57.6
Available seat miles (000)   1,207,090   788,128   53.2
Load factor   81.6 % 79.3 % 2.3 pts.
Revenue passengers   764,242   545,431   40.1
Departures   5,894   4,287   37.5

 

 

Y-T-D 2003

 

Y-T-D 2002

 

% Change

Revenue passenger miles (000)

 

10,448,312

 

6,084,705

 

71.7
Available seat miles (000)   12,327,513   7,354,794   67.6
Load factor   84.8 % 82.7 % 2.1 pts.
Revenue passengers   8,180,546   5,110,812   60.1
Departures   60,459   39,368   53.6

SOURCE: JetBlue Airways Corporation

        Additionally, the company revised its previously issued operating margin guidance for the fourth quarter to between 13 and 14 percent. "Our costs remain in line with our previous guidance despite higher than forecasted fuel prices. However, we're faced with a challenging revenue environment due to capacity additions resulting in lower average fares—particularly in our western markets," commented David Neeleman, JetBlue's Chairman and CEO. "This, coupled with the ongoing maturation of our newer markets and depressed traffic to southern California earlier this quarter due to the fires there, has caused us to revise our margin guidance slightly downward. Despite the challenging revenue environment facing the industry, we still anticipate a very solid fourth quarter performance, thanks to the continued dedicated efforts of our great crewmembers."

        About JetBlue

        JetBlue is a low-fare, low-cost passenger airline, which provides high-quality customer service. JetBlue operates a fleet of 51 new Airbus A320 aircraft and is scheduled to place into service another



two A320s by the end of 2003. The airline recently placed an order for 100 EMBRAER 190 aircraft with options for an additional 100. The first EMBRAER 190 is scheduled to be delivered in mid 2005. All JetBlue aircraft feature roomy all-leather seats each equipped with free live satellite television, offering up to 24 channels of DIRECTV(R) Programming at every seat.(2)

        Based out of New York City's John F. Kennedy International Airport, JetBlue currently operates 200 flights a day and serves 21 destinations in 10 states and Puerto Rico and plans to commence service in January from Boston to Orlando, Tampa and Ft Lauderdale, FL, LA/Long Beach, CA, and Denver, CO. With JetBlue, all seats are assigned, all travel is ticketless, all fares are one-way, and a Saturday night stay is never required. For more information, schedules and fares, please visit www.jetblue.com or call JetBlue reservations at 1-800-JETBLUE (538-2583). This press release, as well as past press releases, can be found on www.jetblue.com.

        This press release contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including without limitation, potential hostilities in the Middle East or other regions, our ability to implement our growth strategy and our dependence on the New York market, our fixed obligations and our limited operating history, seasonal fluctuations in our operating results, increases in maintenance costs, fuel prices and interest rates, our competitive environment, our reliance on sole suppliers, government regulation, our failure to properly integrate LiveTV or enforce its patents, our ability to hire qualified personnel, the loss of key personnel and potential problems with our workforce including work stoppages, and continuing changes in the airline industry following the September 11th terrorist attacks and the increased risk of future attacks, the potential risks with the delivery, placing into service and integration into our operations of the EMBRAER 190 aircraft as well as the potential liability relating to our handling of customer data. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

(1)
The U.S. Department of Transportation considers on-time arrivals to be those flights arriving within 14 minutes of schedule.

(2)
DIRECTV(R) service is not available on flights between New York City and San Juan, Puerto Rico.



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JetBlue Airways Reports November Traffic; Revises Fourth Quarter Earnings Guidance
JETBLUE AIRWAYS TRAFFIC RESULTS
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