JetBlue reports $11m profit
Created: Jan 29, 2010 10:00 AM
NEW YORK (AP) — JetBlue Airways Corp. joins a short list of other major carriers reporting profits for the final three months of 2009.
The low-cost airline, which has been aggressive in fuel hedging, said yesterday it posted a profit of $11 million, or four cents a share, for the fourth quarter, compared to a loss of $58 million, or 25 cents a share, for the same period in 2008.
Revenue in the quarter rose 2.6 percent to $832 million from $811 million a year earlier.
Thomson Reuters says analysts expected profit of three cents per share on revenue of $827.9 million.
JetBlue hedged roughly 66 percent of its fuel consumption during the quarter.
Continental, Southwest and AirTran also reported fourth-quarter profits.