Air Transport World

Jetblue Airways: America)(earnings)(Brief article)

Introduction last fall of the first Embraer 190, for which it was launch customer, brightened what was clearly the New York-based discount carrier's most difficult year as aggressive growth combined with heavy fare discounting and limited fuel hedges pushed it into its first annual loss since its startup year in 2000. From earnings of $46.2 million in 2004, it slipped to a deficit of $20.3 million in 2005 although it managed an operating profit of $47.6 million on revenue of $1.7 billion, up 35%.

A further net loss of $32 million in this year's first quarter, and expectations for a second full-year loss, caused it to rein in its growth. In April it announced it would defer 12 A320 deliveries from 2007-09 to 2012 and sell up to five A320s as part of its Return to Profitability plan. …

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