JetBlue Profit Tumbles
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JetBlue Airways on Thursday said third-quarter earnings fell 71 percent, missing analysts&#39; lowered estimates, as it struggled with skyrocketing fuel prices, storm disruptions and competition.
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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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British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits slumped owing to lower output, weak US gas prices and refinery outages.
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British Airways reports a fall in  profits to Â£113m for the three months to December, from Â£166m a year earlier.
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The US plane maker announces an 84% drop in quarterly profits but beats market expectations.
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The aluminum maker said second-quarter profit slipped nearly 4 percent as outage costs at two smelters weighed down results.
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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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Transportation giant Bombardier Inc. said Wednesday that its second-quarter profit slid to $23 million from $68 million a year ago, but showed a sharp improvement from the first quarter&#39;s $174 million loss.
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The package courier reported that its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs and a sluggish U.S. economy.
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Fourth-quarter profit plunged on costs from acquisitions and job cuts in Europe, sending shares down.
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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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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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MUNICH, Germany  - Losses at planemaker Airbus slashed 2006 operating profits at Franco-German parent EADS  by 86 percent to 399 million euros ($526 million), but the fall was cushioned by defense profits, the group said on Friday.
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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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Shares in JetBlue Airways Corp.   fell on Friday after the discount carrier lowered its  earnings forecast amid weaker demand.
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JetBlue Airways Corp.  on Wednesday said third-quarter earnings would be lower than its previous estimates because of disruptions from the two recent hurricanes, Charley and Frances.
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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.