JetBlue Reports Fall in Quarterly Earnings

April 1, 2013
Total revenue was down 8.7% to $US1.2b in the quarter from the previous three months and rose 4.2% from the year-earlier period.

Highlights

- Total revenue was down 8.7% to $US1.2b in the quarter from the previous three months and rose 4.2% from the year-earlier period.

- Net profit slumped 95.7% to $US1.0m from the year-earlier period

Interim (Quarter)

Quarterly Dec 31, 2012 Sep 30, 2012 Dec 31, 2011 Change % Change % Description $US m $US m $US m Q-on-Q [sequential comparison] Y-on-Y [Quarter vs previous corresponding quarter] Total Revenue 1,194.0 1,308.0 1,146.0 Down 8.7 Up 4.2 EBITDA 42.0 115.0 86.0 Down 63.5 Down 51.2 EBIT 42.0 115.0 86.0 Down 63.5 Down 51.2 Interest 41.0 42.0 46.0 Down 2.4 Down 10.9 Pre Tax Profit/(Loss) 1.0 73.0 40.0 Down 98.6 Down 97.5 Profit/(Loss) after Tax 1.0 45.0 23.0 Slumped 97.8 Slumped 95.7 Cash and cash equivalents 182.0 542.0 673.0 Down 66.4 Down 73.0 Net Assets 1,888.0 1,903.0 1,757.0 Down 0.8 Up 7.5 Performance Ratios Return on Equity(%) 0.1 2.4 1.3 Down 97.8 Down 96.0 Per Share figures EPS $US0.0 $US0.1 $US0.1 Slumped 92.9 Slumped 85.7 EPS Growth Factor* 1.12

* EPS Growth Factor = Net Profit growth / EPS growth

Activities :

JetBlue Airways Corporation (JetBlue) is a passenger airline that provides customer service primarily on point-to-point routes. During the year ended December 31, 2008, the Company served 52 destinations in 19 states, Puerto Rico, and five countries in the Caribbean and Latin America, and operated over 600 flights a day with a fleet of 107 Airbus A320 aircraft and 35 EMBRAER 190 aircraft. Most of its flights have, as an origin or destination, one of its focus cities: Boston, Fort Lauderdale, Los Angeles/Long Beach, New York/JFK, or Orlando. During 2008, its operations primarily consisted of transporting passengers on its aircraft, with domestic United States operations, including Puerto Rico, accounting for 92.5% of its capacity. In January 2009, JetBlue began service to Bogota, Colombia. JetBlue's aircrafts are equipped with leather seats in a single class layout. The Airbus A320 aircraft, with 150 seats, has a wide cabin. The EMBRAER 190 aircraft has 100 seats.

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