By Michael Garko, In Airline News
JetBlue was able to record a $25 million profit for the second quarter. That number is down 19% from the same quarter last year.
Courtesy 411 chatter
The airline reported a 57.6 percent fuel cost increase from a year ago, joining airlines like United and US Airways in reporting a slimmer profit due to the rising costs.
“The sharp increase in the price of fuel has clearly had a negative impact on the entire industry,” JetBlue Chief Executive Dave Barger said on a conference call with analysts and reporters.
“While we expect more challenges ahead, we remain confident in the strength of our business model and in our ability to navigate through this environment,” he said.
On a good note, the airline did see a 22.4 percent increase in revenue compared to 2010.
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