JetBlue warns of widening losses
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US airline JetBlue warns recent flight cancellations and high fuel prices will lead to widening losses.
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NEW YORK -- JetBlue snarled the plans of thousands of airline passengers last week -- and one widely read US business magazine.
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In a filing to the Securities and Exchange Commission, Delta Air Lines warned Friday that next week&#39;s third quarter earnings report will include a bigger loss than it predicted earlier.
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JetBlue officials said overwhelmed IT systems were partially to blame for the cancellation of more than 1,000 flights in the days after an ice storm last week.
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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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Geneva - The world&#39;s major airlines were expected to rack up about $4.8 billion (R27.3 billion) in losses this year and would climb back to profit next year only if oil prices fell, the top industry body said yesterday.
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The chief executive of JetBlue Airways Corp. said on Tuesday that 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.
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Delta Airlines, operating under Chapter 11 bankruptcy protection, sees fourth-quarter net loss widened by 60%.
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Alaska Air Group , the parent of Alaska Airlines, on Friday said its quarterly loss widened as a result of charges for restructuring and hedging losses.
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SAN FRANCISCO (CBS.MW) - Higher fuel prices will help cause the domestic and international airline industry to lose $3 billion to $4 billion in 2004, the International Air Transport Association forecast Monday.
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Shares of JetBlue Airways Corp.  JBLU.O fell nearly 8 percent in premarket trading on  Wednesday after warning that the recent hurricanes in Florida  would hurt its earnings.
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JetBlue said it will remove a row of seats from all 96 of its Airbus 320 planes, giving the front 11 rows more legroom.
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JetBlue Airways rolled out a customer bill of rights Tuesday that promises vouchers to fliers who experience delays in a move it hopes will win back passengers after an operational meltdown damaged its brand and stock price.
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Delta Air Lines Inc. DAL.N, which is  racing to cut costs to avoid bankruptcy, on Wednesday reported  a wider quarterly loss amid soaring fuel prices and weak  domestic airfares.
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GENEVA: International airlines are heading for a near $US5 billion ($NZ7.12 billion) loss this year, largely due to a rise in oil prices, the industry&#39;s global body said on Tuesday.
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JetBlue Airways Corp. JBLU.O 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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The global airline industry is forecast to have made net losses of $4.8bn this year, as the rise in the oil price has overwhelmed efforts by carriers to cut costs.