Summary Box: JetBlue profit falls on higher costs

AP News
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Posted: Oct 26, 2011 1:30 PM
Summary Box: JetBlue profit falls on higher costs

SLIDING PROFIT: JetBlue Airways Corp. said Wednesday that its third-quarter net income fell 41 percent as higher costs for fuel and maintenance offset higher revenue from fares and fees.

BY THE NUMBERS: The New York airline earned $35 million, or 11 cents per share, compared with $59 million, or 18 cents per share, a year ago. Revenue rose 16 percent to about $1.2 billion.

GOOD AND BAD: JetBlue's average fare rose about 9 percent. But its fuel costs jumped 56 percent and maintenance costs rose 35 percent. Overall expenses rose 22 percent.