During the first quarter of 2014, JetBlue Airways has posted a 71.4% drop in net profit to $4 million. CEO Dave Barger has cited the severe winter weather for the fall in profits after the airline was forced to cancel 4,100 flights. JetBlue revenue rose by 3.8% to $1.35 billion, with expenses rising by 5.5% to $1.31 billion. Operating income dropped 30.5% to $41 million. Traffic numbers rose however, with first quarter passengers carried increasing by 1.8% to 8.66 billion RPMs on a 2.7% increase in capacity to 10.42 billion ASMs. JetBlue’s load factor dipped by 0.8 percentage points to

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In