Jetblue's Profit Falls

[whlinder]

http://biz.yahoo.com/ap/050721/earns_jetblue.html?.v=5

JetBlue's Q2 Profit Falls on Fuel Costs
Thursday July 21, 10:27 am ET
JetBlue's Second-Quarter Profit Falls 43 Percent Due to High Fuel Costs


NEW YORK (AP) -- JetBlue Airways Corp. said Thursday its second-quarter profit plunged 43 percent, hurt by soaring fuel costs that offset an upswing in passenger traffic and operating revenue.
After the news, shares of JetBlue fell $1.24, or 5.4 percent, to $21.56 in early trading on the Nasdaq Stock Market.

 

[Flying Titan]

Q2 profit was $12.2M...in line with analysts expectations.

 

[Borescope]

So, if anaylists "expectation" are for a loss is it ok to operate like that?

 

[Flying Titan]

My statement offered no editorial comment, simply what the profit was and that it neither exceeded nor fell short of what Wall Street predicted would happen. No big deal really.

 

[Whadayano]

Actually I was listening and people were impressed by the control of costs (too bad no one can control fuel). Also sounds like the engine deal is a good one. Transcon fares doing better too, enough to make some difference. $65 oil is a tough wall to climb for anyone though. Boston doing well. Lots of interest in the 190's.