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ScanFlyer Mile High Club
JetBlue profit tumbles
(Source : Reuters, October 28, 2004)
JetBlue Thursday said Q3 earnings fell 71%, missing analysts' lowered estimates, as it struggled with skyrocketing fuel prices, storm disruptions and competition. The low-cost carrier said net income fell to US$8.4m from $29m a year earlier. Last month, JetBlue warned that Q3 earnings would not match previous estimates, saying it was being hurt by fuel prices, the spate of hurricanes that struck the US Southeast and weak ticket prices. JetBlue's Q3 report marks the second consecutive quarter it has missed Wall Street's estimates after a run during which it had beaten estimates every quarter since its debut as a public company in April 2002. Revenue rose 18.1% to $323.2m but was shy of analysts' average forecast of $330.3m.
Full Story: http://news.airwise.com/stories/2004/10/1098957101.html
Høyere fuelkostnader, og ikke minst desperate konkurrenter som skyter med THE BIG GUNS er med på å bremse den eventyrlige inntekstveksten i jetBlue
(Source : Reuters, October 28, 2004)
JetBlue Thursday said Q3 earnings fell 71%, missing analysts' lowered estimates, as it struggled with skyrocketing fuel prices, storm disruptions and competition. The low-cost carrier said net income fell to US$8.4m from $29m a year earlier. Last month, JetBlue warned that Q3 earnings would not match previous estimates, saying it was being hurt by fuel prices, the spate of hurricanes that struck the US Southeast and weak ticket prices. JetBlue's Q3 report marks the second consecutive quarter it has missed Wall Street's estimates after a run during which it had beaten estimates every quarter since its debut as a public company in April 2002. Revenue rose 18.1% to $323.2m but was shy of analysts' average forecast of $330.3m.
Full Story: http://news.airwise.com/stories/2004/10/1098957101.html
Høyere fuelkostnader, og ikke minst desperate konkurrenter som skyter med THE BIG GUNS er med på å bremse den eventyrlige inntekstveksten i jetBlue