JetBlue posts strong Q4 profit Increase
JetBlue Airways' Q4 profit more than doubled from a year earlier, as cheap fuel and revenue from new checked bag fees and first-class seats added to its bottom line. The carrier earned US$190m in Q4, up from $88m a year ago. JetBlue said its fuel bill fell more than $100m as the average price it paid dropped about 38% from a year ago. It also benefited from bag fees and tweaks to how it charges for flight reservation changes, which began June 30. The airline said passenger unit revenue, fell 1.9% in Q4 from a year ago. JetBlue forecast that unit costs would stay flat or fall up to 2% in Q1, not including the impact of the storm. "We posted another strong quarter, producing above industry average revenue performance and running a safe and reliable operation," CE Robin Hayes said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-01-29/unaligned/jetblue-posts-strong-q4-profit-increase
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JetBlue posts strong Q4 profit Increase
JetBlue Airways' Q4 profit more than doubled from a year earlier, as cheap fuel and revenue from new checked bag fees and first-class seats added to its bottom line. The carrier earned US$190m in Q4, up from $88m a year ago. JetBlue said its fuel bill fell more than $100m as the average price it paid dropped about 38% from a year ago. It also benefited from bag fees and tweaks to how it charges for flight reservation changes, which began June 30. The airline said passenger unit revenue, fell 1.9% in Q4 from a year ago. JetBlue forecast that unit costs would stay flat or fall up to 2% in Q1, not including the impact of the storm. "We posted another strong quarter, producing above industry average revenue performance and running a safe and reliable operation," CE Robin Hayes said. <br/>
