Prospector
Profile
07.1203
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| JetBlue Airways Corporation |
NAICS |
481000 |
| 118-29 Queens Boulevard
Forest Hills, NY 11375 |
Description |
Airlines |
| (718) 286-7900 |
Employees |
8393 |
| http://www.jetblue.com/ |
Revenue |
(mil) |
2363.0000 |
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Income |
(mil) |
-1.0000 |
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Assets |
(mil) |
4843.0000 |
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Liability |
(mil) |
3891.0000 |
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(for the year ended 2006-12-31) |
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Category:
Low Rating
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Event:
Fitch Ratings affirmed its 'CCC' debt rating, with a '6' recovery rating, on JetBlue Airways Corp.'s $425 million senior unsecured convertible notes. The rating outlook is stable. Fitch said that rating reflects the company's highly levered capital structure and weak free cash flow generation capacity, balanced against its competitive cost structure, improving operating profile and fleet plan flexibility in an industry that remains highly vulnerable to over-capacity, demand shocks and very high energy costs.
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Intellectual Property:
The Company's LiveTV LLC subsidiary, which provides in-flight entertainment systems for commercial aircraft, owns rights to all the patents and intellectual property used for live in-seat satellite television. [SEC Filing 10-K 02-14-07]
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Description:
The Company provides passenger air transportation services primarily in the U.S.
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Officers:
David Neeleman (Chair & CEO); David Barger (Pres. & COO); Thomas Kelly (EVP & Sec.); John Harvey (EVP & CFO); John Owen (EVP-Supply Chain & IT); Trey Urbahn (EVP & Chief Revenue Officer); Holly Nelson (SVP & Controller); Jim Hnat (SVP & Gen. Counsel); Rob Maruster (SVP-Airports & Operational Planning)
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Auditor:
Ernst & Young LLP
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Securities:
Common Stock Symbol JBLU; NasdaqGS;
180,031,500 common shares outstanding as of June 30, 2007.
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