JetBlue profits up

JetBlue second quarter profits are up

Reuters News is reporting that JetBlue will post higher second quarter profits up from the first quarter's 11 cents per share profits to this quarters 19 cents per share profits despite "under performing" what other U.S. airlines are expected to post.

The article blames JetBlue's "under performance" on "hurdles keeping costs down".

The part of the article dealing with JetBlue is below with a link to the full story on expected Thursday July 24th earnings statements below:  

"... U.S. carrier JetBlue Airways is expected to post a higher second quarter profit, benefiting from increased leisure travel. Analysts expect profit of 19 cents a share on average, compared with 11 cents a share a year ago.

 JetBlue has taken steps to improve performance that include adding faster, satellite-based WiFi and lie-flat seating to cross-country flights but has underperformed other carriers on metrics such as return on capital and has had hurdles keeping costs down."

LINK to full REUTERS story: PROFITS

JetBlue has been in talks with the City of Long Beach to bring a U.S. Customs facility to Long Beach Airport for international flights. The Long Beach Register has done several articles on the economic problems other smaller airports ( i.e. John Wayne and Fresno) as well as Ontario and San Bernardo airports have had with the economics and keeping airlines in the competitive international  air business.