JBLU PROFIT

[chucky]

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.

Story

 

[delta777]

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.

Story

Not what Wall Street had hoped for, but better than a loss.

 

[MiAAmi]

JetBlue's 50% profit growth proves disappointing

By Laura Mandaro, MarketWatch
Last Update: 5:55 PM ET Jul 24, 2007


SAN FRANCISCO (MarketWatch) -- A drop in fuel costs and better sales in terms of available seating capacity lifted JetBlue Airways' profit 50% in the second quarter, financial results reported by the discount carrier showed Tuesday.
The earnings came in at a level just shy of analysts' forecasts. JetBlue shares closed 2.6% lower at $11.01, sitting out a rally in the airline sector.

Now nine years old, JetBlue's is trying to regain some of the momentum enjoyed in its early days, before a rapid addition of new flights and routes made it into a far bigger but more unwieldy carrier.
In May, founder David Neeleman said he would immediately surrender day-to-day control of the airline he founded, just three months after a winter service disruption grounded more than 1,200 flights. See story on Neeleman's departure.
The company has also hired a former Federal Aviation Adminstration executive to ensure its sprawling operations run smoothly. And it has been slowing its growth plans.
Meanwhile, the debut of discount carrier Virgin America threatens to steal some of JetBlue's lucrative cross-country market share. See related story.
As it scales back, JetBlue said Tuesday it planned to sell three Airbus A320 jets from its fleet later this year and to defer 16 Embraer aircraft originally scheduled for delivery between 2007 to 2012, to 2013 to 2015. "Slowing capacity growth will allow us to strengthen our balance sheet and facilitate earnings growth," said Chief Executive Dave Barger in a statement.
Average fares slipped 4.5% in the second quarter, but JetBlue's yields per mile gained 3.8%. Combined with slightly more crowded planes -- load factor rose 1.3 percentage points to 83.5% -- its passenger revenue per seat mile increased 5.4%.
In the third quarter, JetBlue anticipates operating margins increasing between 6% to 8%, down from the 10% it reported in the second quarter, as fuel costs rise to $2.18 a gallon from $2 in the second quarter. Fuel prices fell 2.8% in the second quarter.
Management also forecast capacity increasing between 10% to 12% for the third quarter and the year. In the second quarter, capacity increased 12%.
Laura Mandaro is a reporter for MarketWatch in San Francisco.