JetBlue TrueBlue - Second Quarter Earnings

Press Release Source: JetBlue Airways Corporation

JetBlue Announces Second Quarter Results
Tuesday July 24, 8:00 am ET
Low-Fare Carrier Achieves 10% Operating Margin for Second Quarter 2007 and Announces Plans to Adjust Growth


NEW YORK, July 24, 2007 (PRIME NEWSWIRE) -- JetBlue Airways Corporation (NasdaqGS:JBLU - News) today reported its results for the second quarter 2007:


* Operating revenues for the quarter totaled $730 million,
representing growth of 19.4% over operating revenues of $612
million in the second quarter of 2006.

* Operating income for the quarter was $73 million, resulting in
a 10.0% operating margin, compared to operating income of $47
million and a 7.7% operating margin in the second quarter of 2006.

* Pre-tax income for the quarter was $43 million, resulting in
a 5.9% pre-tax margin, compared with pre-tax income of $25
million and a 4.1% pre-tax margin in the year-ago period.

* Net income for the quarter was $21 million, representing
earnings of $0.11 per diluted share, compared with second
quarter 2006 net income of $14 million, or $0.08 per
diluted share.

``We are delighted to report a double-digit operating margin for the second quarter-- especially in light of the soft revenue environment we faced during most of the quarter. I am very proud of the hard work and dedication our crewmembers put forth to achieve these results,'' said Dave Barger, JetBlue's President and CEO.

What great news! This is a big relief after the recent losses and more importantly, the February meltdown. I'm off to read the PR on the adjusted growth plans. Looking forward to the call

Now all we have to do is get the stack back up to the mid Jan-Feb levels.
-Dave

Now all we have to do is get the stack back up to the mid Jan-Feb levels.
-DaveWith results like this and better ahead that is almost certain. Congratulations B6!