JetBlue Profit Up 18 Pct On Lower Fuel Costs

July 26, 2016

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JetBlue Airways’ quarterly profit rose 18.4 percent as the US budget airline continued to benefit from lower fuel costs.

The New York-based carrier’s net income rose to USD$180 million in the second quarter ended June 30, from USD$152 million a year earlier.

JetBlue paid USD$1.43 per gallon on average in the quarter, down 33 percent from a year ago.

However, revenue per available seat mile fell 8.2 percent.

(Reuters)