JetBlue Q1 net profit up 46% to US$199m
JetBlue Airways reported a Q1 net profit of US$199m, up 45.6% over net income of $137m in the prior-year period, as revenue increased 6.1% year-over-year to $1.62b. “Our bottom line results continue to improve,” JetBlue president and CE Robin Hayes said Tuesday. He noted that all 6 of JetBlue’s “focus cities” produced “double-digit profit margins over the last 12 months.” Hayes said JetBlue will make “minor capacity adjustments” in 2016 to contend with a competitive pricing environment in the US market, but added that the carrier’s “disciplined long-term strategic growth plan is working.” JetBlue’s Q1 operating expenses were essentially flat year-over-year at $1.27b, helped by a 35.8% drop in fuel costs to $215m, and operating profit was $349m, up 37.8% over operating income of $253m in the 2015 March quarter. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-27/unaligned/jetblue-q1-net-profit-up-46-to-us-199m
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JetBlue Q1 net profit up 46% to US$199m
JetBlue Airways reported a Q1 net profit of US$199m, up 45.6% over net income of $137m in the prior-year period, as revenue increased 6.1% year-over-year to $1.62b. “Our bottom line results continue to improve,” JetBlue president and CE Robin Hayes said Tuesday. He noted that all 6 of JetBlue’s “focus cities” produced “double-digit profit margins over the last 12 months.” Hayes said JetBlue will make “minor capacity adjustments” in 2016 to contend with a competitive pricing environment in the US market, but added that the carrier’s “disciplined long-term strategic growth plan is working.” JetBlue’s Q1 operating expenses were essentially flat year-over-year at $1.27b, helped by a 35.8% drop in fuel costs to $215m, and operating profit was $349m, up 37.8% over operating income of $253m in the 2015 March quarter. <br/>
