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JetBlue Announces Second Quarter Results
http://investor.jetblue.com/phoenix....871&highlight=
NEW YORK, July 26, 2011 /PRNewswire via COMTEX/ -- JetBlue Airways Corporation (Nasdaq: JBLU) today reported its results for the second quarter 2011: Operating income for the quarter was $86 million, resulting in a 7.5% operating margin, compared to operating income of $95 million and a 10.2% operating margin in the second quarter of 2010. Pre-tax income of $43 million in the second quarter. This compares to pre-tax income of $52 million in the second quarter of 2010. Net income for the second quarter was $25 million, or $0.08 per diluted share. This compares to JetBlue's second quarter 2010 net income of $31 million, or $0.10 per diluted share. |
Isn't good news for JetBlue is earning $43 millions dollars? Is they doing so good?
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JetBlue is in a better position than many other US based carriers. Legacies will continue to cut capacity given the economic uncertainty and high oil prices as they try to rid their fleets of less fuel efficient aircraft and relatively low yielding routes. JetBlue has a reasonable amount of cash on hand given its size and has one of the most fuel efficient fleets now which will be even more so once the neos get delivered. For the short term, all the US airlines continue to be in an insecure position but JetBlue relatively speaking may be better off than many others in the longer term.
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