JETBLUE AIRWAYS CORP (JBLU) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Domestic & Canada	6,067.0	3,869.0	1,890.0
Atlantic	123.0	18.0
Domestic				5,633.0	5,386.0	4,999.0		4,521.0
Latin America						2,013.0		1,895.0
Other	2,968.0	2,150.0	1,067.0	2,461.0	2,272.0			6,416.0
Total revenues [+]	9,158.0	6,037.0	2,957.0	8,094.0	7,658.0	7,012.0	6,584.0	12,832.0
Services								6,416.0
Passenger								5,893.0
Other								523.0
Revenue growth [+]	51.7%	104.2%	-63.5%	5.7%	9.2%	6.5%	-48.7%	10.3%
Domestic & Canada	56.8%	104.7%
Atlantic	583.3%
Domestic				4.6%	7.7%			10.5%
Latin America								9.9%
Cost of goods sold [+]	7,101.0	5,147.0	3,547.0	6,465.0	6,194.0	5,344.0	4,668.0	4,591.0
Labor costs	2,747.0	2,358.0	2,032.0	2,320.0	2,044.0	1,887.0	1,698.0	1,540.0
Fuel costs	3,105.0	1,436.0	631.0	1,847.0	1,899.0	1,363.0	1,074.0	1,348.0
Lease costs	658.0	727.0	443.0	573.0	566.0	540.0	467.0	464.0
Aircraft maintenance, materials and repairs	591.0	626.0	441.0	619.0	625.0	622.0	563.0	490.0
Aircraft rental	114.0	99.0	85.0	99.0	104.0	102.0	110.0	122.0
Landing fees and other rentals	544.0	628.0	358.0	474.0	462.0	438.0	357.0	342.0
Other direct costs				1,106.0	1,060.0	932.0	866.0	749.0
Gross profit	2,057.0	890.0	-590.0	1,629.0	1,464.0	1,668.0	1,916.0	8,241.0
Gross margin	22.5%	14.7%	-20.0%	20.1%	19.1%	23.8%	29.1%	64.2%
Selling, general and administrative [+]	289.0	183.0	110.0	290.0	294.0	271.0	263.0	264.0
Sales and marketing	289.0	183.0	110.0	290.0	294.0	271.0	263.0	264.0
Other operating expenses	1,594.0	-586.0	196.0	28.0	870.0			6,416.0
EBITDA [+]	174.0	1,293.0	-896.0	1,311.0	300.0	1,397.0	1,653.0	1,561.0
EBITDA growth	-86.5%	-244.3%	-168.3%	337.0%	-78.5%	-15.5%	5.9%	85.8%
EBITDA margin	1.9%	21.4%	-30.3%	16.2%	3.9%	19.9%	25.1%	12.2%
Depreciation	585.0	540.0	535.0	525.0	469.0	383.0	337.0	288.0
EBITA	-411.0	753.0	-1,431.0	786.0	-169.0	1,014.0	1,316.0	1,273.0
EBITA margin	-4.5%	12.5%	-48.4%	9.7%	-2.2%	14.5%	20.0%	9.9%
Amortization of intangibles						41.0	56.0	57.0
EBIT [+]	-411.0	753.0	-1,431.0	786.0	-169.0	973.0	1,260.0	1,216.0
EBIT growth	-154.6%	-152.6%	-282.1%	-565.1%	-117.4%	-22.8%	3.6%	136.1%
EBIT margin	-4.5%	12.5%	-48.4%	9.7%	-2.2%	13.9%	19.1%	9.5%
Non-recurring items [+]	-113.0	833.0	283.0	-14.0	-435.0
Unusual expense	-113.0	833.0	283.0	-14.0	-435.0
Interest expense, net [+]	124.0	180.0	139.0	62.0	59.0	60.0	53.0	67.0
Interest expense	124.0	180.0	139.0	62.0	59.0	60.0	53.0	68.0
Interest income								1.0
Other income (expense), net [+]	-15.0	-3.0	-40.0	30.0	12.0	5.0	-43.0	-52.0
Other	-3.0	-55.0	-23.0
Pre-tax income	-437.0	-263.0	-1,893.0	768.0	219.0	918.0	1,164.0	1,097.0
Income taxes	-75.0	-81.0	-539.0	199.0	30.0	-222.0	437.0	420.0
Tax rate	17.2%	30.8%	28.5%	25.9%	13.7%		37.5%	38.3%
Net income	-362.0	-182.0	-1,354.0	569.0	189.0	1,140.0	727.0	677.0
Net margin	-4.0%	-3.0%	-45.8%	7.0%	2.5%	16.3%	11.0%	5.3%

Basic EPS [+]	($1.12)	($0.57)	($4.88)	$1.92	$0.60	$3.47	$2.23	$2.15
Growth	95.5%	-88.3%	-354.3%	217.6%	-82.6%	55.8%	3.6%	57.9%
Diluted EPS [+]	($1.12)	($0.57)	($4.88)	$1.91	$0.60	$3.45	$2.12	$1.96
Growth	95.5%	-88.3%	-355.9%	217.3%	-82.6%	62.4%	8.2%	68.1%

Shares outstanding (basic) [+]	323.6	318.0	277.5	296.6	312.9	328.7	326.5	315.1
Growth	1.8%	14.6%	-6.4%	-5.2%	-4.8%	0.7%	3.6%	6.9%
Shares outstanding (diluted) [+]	323.6	318.0	277.5	298.4	314.5	330.4	342.2	344.8
Growth	1.8%	14.6%	-7.0%	-5.1%	-4.8%	-3.4%	-0.8%	0.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.