JetBlue mulls new service, sees strong growth

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JetBlue mulls new service, sees strong growth

NEW YORK (Reuters) =97 JetBlue Airways first-ever shareholders' meeting was=
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marked with smatterings of laughter, jokes, and aggressive growth forecasts=
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=97 all rare in an industry slogging through its worst-ever downturn. Major=
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U.S. airlines are slashing billions of dollars in annual expenses to keep=20
their businesses aloft, but JetBlue Chief Executive David Neeleman said in=
=20
an interview that relative newcomer, whose unit costs are at industry lows,=
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does not feel pressure to bring its own expenses down further. New=20
York-based JetBlue expects to grow by 55% to 60% this year and another 30%=
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to 40% next year, its Chief Financial Officer, John Owen, told shareholders=
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at the airline's annual meeting in New York City. JetBlue has 41 airplanes=
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currently in service and a staff of about 5,000. JetBlue, which announced=20
an order last month for 65 Airbus A320 aircraft with options for 50 more,=20
plans to take delivery of a total of 16 airplanes this year and another 15=
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next year. The airline will have to determine by this summer where to use=20
the remaining 12 airplanes it has scheduled for delivery this year,=20
Neeleman said. "We're trying to decide where to send those planes, and we=20
have a lot of choices," Neeleman said. In response to a shareholder=20
question, Neeleman said JetBlue could consider running a few flights into=20
Islip airport on New York's Long Island, but he said the airline was happy=
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for now with its service out of John F. Kennedy airport. JetBlue shares=20
closed up 13 cents to $32.08 on the Nasdaq exchange on Wednesday, close to=
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its year high of $33.66.


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