BigMotorToter
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JetBlue Announces 9.3% Operating Margin; First Profit in the First Quarter Since 2005
NEW YORK, April 23, 2009 /PRNewswire-FirstCall via COMTEX/ --
JetBlue Airways Corporation (Nasdaq: JBLU) today reported its results for the first quarter 2009: -- Operating income for the quarter was $73 million, resulting in a 9.3% operating margin, compared to operating income of $17 million and a 2.2% operating margin in the first quarter of 2008.
-- Pre-tax income for the quarter was $20 million, which includes a special charge of $8 million related to the valuation of JetBlue's auction rate securities. Excluding this special charge, JetBlue's pre-tax income for the quarter would have been $28 million. This compares to a pre-tax loss of $16 million in the first quarter of 2008.
-- Net income for the first quarter was $12 million, or $0.05 per diluted share. Excluding the special charge, JetBlue's net income for the quarter would have been $20 million, or $0.08 per diluted share. This compares to JetBlue's first quarter 2008 net loss of $10 million, or $0.05 per diluted share.
NEW YORK, April 23, 2009 /PRNewswire-FirstCall via COMTEX/ --
JetBlue Airways Corporation (Nasdaq: JBLU) today reported its results for the first quarter 2009: -- Operating income for the quarter was $73 million, resulting in a 9.3% operating margin, compared to operating income of $17 million and a 2.2% operating margin in the first quarter of 2008.
-- Pre-tax income for the quarter was $20 million, which includes a special charge of $8 million related to the valuation of JetBlue's auction rate securities. Excluding this special charge, JetBlue's pre-tax income for the quarter would have been $28 million. This compares to a pre-tax loss of $16 million in the first quarter of 2008.
-- Net income for the first quarter was $12 million, or $0.05 per diluted share. Excluding the special charge, JetBlue's net income for the quarter would have been $20 million, or $0.08 per diluted share. This compares to JetBlue's first quarter 2008 net loss of $10 million, or $0.05 per diluted share.