JetBlue Earnings Fell 71 Percent
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JetBlue Airways missed analysts' lowered estimates as it struggled with skyrocketing fuel prices, storm disruptions and competition.
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JetBlue Airways Corp.'s second-quarter profit grew 50 percent on growing passenger volumes, but the company announced plans to slow its growth in the wake of a February debacle in which an ice storm forced the cancellation of 1,700 flights and cost Chief Executive David Neeleman his job.
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US Airways Group  and JetBlue Airways Corp.  posted quarterly profits on Tuesday, against year-ago losses, as they took advantage of strong travel demand and higher ticket prices.
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO) as its regional aircraft business lagged a rebound in the business jet market, the company said on Wednesday.
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NEW YORK, Feb. 17 -- JetBlue, still reeling from a snowstorm that forced hundreds of Valentine's Day flights to be canceled or delayed, called off another 266 flights scheduled for Saturday and Sunday.
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JetBlue Airways Corp.  said on Tuesday it would cost $30 million or more to reimburse the 130,000 or so passengers affected by canceled flights over the past six days and to meet extra costs caused by the cancellations, sending its stock down sharply.
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The chief executive of JetBlue Airways Corp.  said on Tuesday that reimbursing passengers on delayed flights and updating its operations to prevent further delays could cost the airline $30 million or more.
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JetBlue Airways Corp. said on Tuesday reimbursing passengers stuck on about 1,000 delayed flights and updating its operations to prevent further problems could cost the airline $30 million or more, sending its shares down more than 6 percent.
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Boeing Co. will end production of the 717 jet, its smallest passenger plane, next year, and plans to charge $615 million against earnings before taxes related to that and the loss of a $23 billion deal to supply refueling tankers to the US Air Force.
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JetBlue, which took a hit to earnings and a worse hit to its reputation when passengers were stranded for hours at its New York hub on Feb. 14,  moved quickly to cancel 40 percent of its flights to and from John F. Kennedy International Airport as a new storm hit the area Monday.
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NEW YORK (Dow Jones/AP) -- JetBlue Airways Corp. said Thursday its profit plunged 71 percent in the third quarter, cut sharply by industry competition, record-high fuel prices and the effects of hurricanes.
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Lufthansaâs investment in JetBlue, the struggling discount carrier, is the latest example of a foreign companyâs taking advantage of the weak dollar to invest in a prominent American company.
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Spanish airline Iberia revealed Tuesday that higher fuel costs contributed to its net profit falling by 70 percent to 116 million euros (152 million dollars) in 2006.
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Low-cost carrier JetBlue reports its first third-quarter profit in two years as fuller planes offset higher fuel costs.
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JetBlue Airways Corp. , a low-fare carrier flying mainly on the East Coast, said third-quarter profit will be lower than it expected because of hurricanes that forced flight cancellations in Florida and high fuel costs.
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JetBlue Airways Corp. JBLU.O on  Thursday said third-quarter earnings fell 71 percent, missing  analysts' lowered estimates, as it struggled with skyrocketing  fuel prices, storm disruptions and competition.
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Ryanair, Europe's biggest low-cost airline, reports a 26% drop in quarterly profit after the price of fuel soared.