|
Article Excerpt
Business Editors
NEW YORK--(BUSINESS WIRE)--Jan. 30, 2003
JetBlue Airways Corporation (NASDAQ: JBLU) today reported its results for the fourth quarter and full year 2002:
-- Operating revenues for the quarter totaled $187.3 million, representing growth of 96.0% over operating revenues of $95.6 million in the fourth quarter of 2001. For the full year, operating revenues totaled $635.2 million, representing growth of 98.2% over operating revenues of $320.4 million for the full year 2001. -- Operating income in the quarter was $31.4 million, resulting in a 16.8% operating margin, compared to operating income of $4.0 million and a 4.2% operating margin in the fourth quarter of 2001. For the full year 2002, operating income was $105.0 million, resulting in an operating margin of 16.5%. This compares with operating income of $26.8 million and an 8.4% operating margin for the full year 2001. -- Pre-tax income in the fourth quarter grew 88.5% over 2001 to $27.2 million. For the full year, pre-tax income was $95.0 million, representing growth of 126.7% over the full year 2001. -- Net income for the quarter was $15.2 million, representing earnings of $0.22 per diluted share, compared with fourth quarter 2001 net income of $11.1 million, or $0.20 per diluted share. For the full year 2002, net income totaled $54.9 million, or $0.84 per diluted share, compared with net income of $38.5 million, or $0.76 per diluted share, for the full year 2001.
Net income for the fourth quarter of 2002 includes income taxes at an effective rate of 44.3%, compared to a 23.4% effective tax rate in the fourth quarter of 2001. The effective tax rate for the full year 2002 was 42.2% compared to an 8.1% effective tax rate for the...
|
|
More articles from Business Wire
PC Connection, Inc. Reports Fourth Quarter and Year-End Results., January 30, 2003
Sasol/Qatar Partnership Surges Ahead With US$675 Million Construction ..., January 30, 2003
Canon Inc. Reports Record Results for Fiscal Year 2002., January 30, 2003
Rediff.Com Announces Operating Results For Third Quarter Ended Decembe..., January 30, 2003
New Order in NTL Bankruptcy Court Matter Temporarily Extends Interim R..., January 30, 2003
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
