Summary Box: JetBlue posts small 1st-qtr profit

AP News
Posted: Apr 21, 2011 10:39 AM
Summary Box: JetBlue posts small 1st-qtr profit

A PROFIT, NARROWLY: JetBlue said Thursday that it squeezed out a small profit in the first quarter as higher fares and improving traffic countered the rising price of jet fuel.

BY THE NUMBERS: The New York airline earned $3 million or a penny per share in the first three months of the year, compared with a loss of $1 million in the same quarter a year earlier. Revenue rose 16 percent to $1.01 billion from $871 million a year ago.

THE DIFFERENCE MAKER: Overall, JetBlue Airways Corp. made about 8 percent more per passenger in the first quarter than it did a year ago, including fares and fees. Traffic rose 7 percent, but the airline increased the number of available seats by only 1 percent, making flights fuller. Fuel prices jumped 35 percent.