JetBlue falls as 4Q2010 revenue and profit fails to meet expectations


JetBlue fell 1.2% amid high trading volumes as the carrier's 4Q2010 profit disappointed the market, falling 18% to USD9 million, due to rising fuel, maintenance, labour and promotion expenses.

  • JetBlue's 4Q2010 profit fell 18% to USD9 million due to increased expenses.
  • Revenue for JetBlue increased by 13% to USD940 million.
  • United Continental Holdings was upgraded from "hold" to "buy" by Dahlman Rose.
  • Southwest Airlines' shares saw a marginal increase.
  • Santander issued a "buy" rating on Brazilian LCC GOL, despite its shares falling 2.4%.
  • JetBlue's stock fell 1.2% amid high trading volumes.

Revenue surged 13% to USD940 million, reflecting an 11% increase in passenger numbers and a 4% increase in average fares.

Dahlman Rose upgraded United Continental Holdings from "hold" to "buy". Its stock closed 4.5% higher, while Southwest Airlines' shares were marginally higher on Thursday.

Elsewhere, Santander issued a "buy" rating on Brazilian LCC GOL. Its shares fell 2.4% yesterday.

Selected American airlines daily share price movements (% change): 27-Jan-2011


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