Increase in fuel costs and slowing economy pushes JetBlue to a “disappointing” net loss in 4Q08

JetBlue reported a pre-tax loss of USD49 million in the three months ended 31-Dec-08 (4Q08), slipping from the USD3 million pre-tax profit reported in the previous corresponding period. The loss included a special non-cash charge of USD53 million related to the valuation of JetBlue's auction rate securities. Excluding this special charge, JetBlue reported pre-tax income for the quarter of USD4 million, an improvement from a USD3 million loss in 4Q07.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,655 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.