JetBlue Airways Corp. (JBLU) Profit Up 50 Percent
JetBlue Airways Corp.'s second-quarter profit grew 50 percent on growing passenger volumes, but the company announced plans to slow its growth in the wake of a February debacle in which an ice storm forced the cancellation of 1,700 flights and cost Chief Executive David Neeleman his job.
JetBlue, based in Forest Hills, N.Y., said on Tuesday that net income grew to $21 million, or 11 cents a share, in the second quarter, from $14 million, or 8 cents a share, in the year-ago quarter.
Revenue rose to $730 million from $612 million in the second quarter of 2006, a 19.3 percent increase.
Analysts polled by Thomson Financial, however, had expected earnings of 12 cents a share and revenue of $752.6 million.
JetBlue, based in Forest Hills, N.Y., said on Tuesday that net income grew to $21 million, or 11 cents a share, in the second quarter, from $14 million, or 8 cents a share, in the year-ago quarter.
Revenue rose to $730 million from $612 million in the second quarter of 2006, a 19.3 percent increase.
Analysts polled by Thomson Financial, however, had expected earnings of 12 cents a share and revenue of $752.6 million.
Labels: JBLU, JetBlue Airways Corp.
posted by Stock Administrator @ 10:56 AM
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