Posted by
alfredlester on Thursday, January 27, 2011 2:00:55 PM
SNOWED UNDER: JetBlue Airways Corp. said Thursday its fourth-quarter net income fell 18 percent as higher costs and the impact of a massive blizzard offset better traffic and higher ticket prices.
DETAILS: The New York airline earned $9 million, or 3 cents per share, in the October-to-December period. That compares with a year-ago profit of $11 million, or 4 cents per share. Revenue rose 13 percent to $940 million guaranteed high risk personal loans.
COST TALLY: The Northeast blizzard in December cost it about $30 million in lost revenue. Fuel was also 16 percent higher than a year ago, and overall costs rose 15 percent.
Summary Box: JetBlue profit falls on higher costs