JetBlue Airways Corporation reported unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total operating revenues of $1,756 million compared to $1,641 million a year ago. Operating income was $189 million compared to $296 million a year ago. Income before income taxes was $170 million compared to $274 million a year ago. Net income was $672 million or $2.08 per diluted share compared to $172 million or $0.50 per diluted share a year ago. Adjusted earnings per share of $0.32, which excludes a benefit of $1.76 associated with the revaluation of deferred tax liabilities to reflect the impact of the enactment of the Tax Cuts and Jobs Act of 2017.

For the year, the company reported total operating revenues of $7,015 million compared to $6,632 million a year ago. Operating income was $1,000 million compared to $1,312 million a year ago. Income before income taxes was $921 million compared to $1,216 million a year ago. Net income was $1,147 million or $3.47 per diluted share compared to $759 million or $2.22 per diluted share a year ago.

For the quarter, the company reported revenue passengers of 9,787,000 compared to 9,532,000 a year ago. Revenue passenger miles were 11,527 million compared to 11,185 million a year ago. Available seat miles were 13,876 million compared to 13,198 million a year ago. Load factor was 83.1% compared to 84.7% a year ago.

For the year, the company reported revenue passengers of 40,038,000 compared to 38,263,000 a year ago. Revenue passenger miles were 47,240 million compared to 45,619 million a year ago. Available seat miles were 56,007 million compared to 53,620 million a year ago. Load factor was 84.3% compared to 85.1% a year ago.

First quarter 2018 available seat miles (ASMs) are estimated to increase 3.5% to 5.5% year-over-year. RASM growth is expected to range between 2.5% and 5.5% for the first quarter 2018 compared to the same period in 2017.

Full year 2018 ASMs are estimated to increase 6.5% to 8.5% year-over-year. The company expects an effective annual tax rate between 24% and 26%. The company's CapEx guidance for 2018 is between $900 million and $1.1 billion composed of up to $900 million in aircraft and the remainder in nonaircraft spend.