NYTimes.com Article: Earnings and Stock Price Jump at JetBlue

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Earnings and Stock Price Jump at JetBlue

July 27, 2002


By BLOOMBERG NEWS




Shares in the JetBlue Airways Corporation rose sharply
yesterday after the two-year-old discount airline said
second-quarter earnings climbed.

JetBlue's stock rose $3.65, or 9 percent, to $44.50 a
share.

The company, which is based in New York, said late Thursday
that its income rose to $14.6 million from $10.7 million a
year earlier. Per-share earnings were unchanged at 33 cents
because the April initial offering increased the shares
outstanding.

The airline, one of the few carriers earning a profit this
year, has expanded while most larger rivals reduced flight
capacity after the Sept. 11 attacks.

JetBlue's sales rose 90 percent, to $149.3 million from
$78.4 million. The airline doubled its seat and flight
capacity in the quarter.


http://www.nytimes.com/2002/07/27/business/27JET.html?ex=1028780032&ei=1&en=986923f1123e08d0



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