JetBlue Airways has posted net income for the first quarter of this year of $30 million for the first quarter – a rise of $27million on the same quarter last year. Operating expenses, including a 22.7% year-over-year increase in fuel, rose significantly however by 15.2% to $1.1 billion, while operating income grew by a phenomenal 97.4% to $89 million. Operating margin increased 3 points to 7.4% as the 19% increase in total revenues covered $80 million and higher fuel cost. “While high fuel prices continue to pressure the industry, JetBlue was able to fully offset the increase in fuel
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