JetBlue 2018 net income down on higher labour, fleet costs
In results accounting for the impact of US tax reforms, a fleet transition and a labour agreement, JetBlue Airways reported an adjusted 2018 net income of US$487m, down compared to $574m in 2017. The adjusted figures exclude the gain of $502m in 2017 as a result of the tax reforms, as well as one-time costs in 2018 related to an Embraer E190 fleet transition and a labour agreement with the airline’s pilots. JetBlue CE Robin Hayes said, “During 2018, we continued to work on our plan to strengthen the foundation of JetBlue and position the company to thrive … 2018 was a year of significant fuel volatility ... We are mindful of the external environment but remain focused on executing on the initiatives we control, which we believe will create value and drive returns for our owners.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-01-25/unaligned/jetblue-2018-net-income-down-on-higher-labour-fleet-costs
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JetBlue 2018 net income down on higher labour, fleet costs
In results accounting for the impact of US tax reforms, a fleet transition and a labour agreement, JetBlue Airways reported an adjusted 2018 net income of US$487m, down compared to $574m in 2017. The adjusted figures exclude the gain of $502m in 2017 as a result of the tax reforms, as well as one-time costs in 2018 related to an Embraer E190 fleet transition and a labour agreement with the airline’s pilots. JetBlue CE Robin Hayes said, “During 2018, we continued to work on our plan to strengthen the foundation of JetBlue and position the company to thrive … 2018 was a year of significant fuel volatility ... We are mindful of the external environment but remain focused on executing on the initiatives we control, which we believe will create value and drive returns for our owners.” <br/>
