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Topic: Business
Number of pages / Number of words: 2 / 459
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Information contained on our website is not incorporated by reference in this report. As used in this Form 10-K, the terms ``JetBlue'', ``we'', ``us'', ``our'' and similar terms refer to JetBlue Airways Corporation and its subsidiaries, unless the context indicates otherwise.

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We had a net loss of $20 million and net income of $46 million for the years ended December 31, 2005 and 2004, respectively. We generated operating margins of 2.8% and 8.8% in 2005 and 2004, respectively, which were higher than most other major U.S. airlines, according to reports by those airlines. This was our first loss since our first year of operations in 2000 and primarily resulted from the inability to raise fares to fully recover the increased cost of record high fuel prices...

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