JetBlue Airways has reported a 19% fall its second-quarter profit to $25 million compared with year-earlier net of $31 million. Revenue was up however by 22% to a record $1.15 billion. The carrier also stated that its unit revenue rose more than 13% in line with its average fare to $158. The dip in profit was blamed on a fuel bill that was $160 million more than the year-earlier quarter, while its maintenance expenses rose 29% to $54 million. The company’s profit of $25 million, or eight cents a share, fell just short of analysts’ estimates by two cents. JetBlue
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.