JetBlue shows promising results

JetBlue shows promising results

Aviation major JetBlue Airways Corporation in the United States is showing a promising result. As per the data released by the low-cost carrier for the first quarter in the current fiscal year, the company has achieved all its revenue targets. The company projected earnings per share (EPS) of $0.39 but the EPS was $0.40 in the quarter. The low-cost carrier managed to earn $ 1.40 billion revenue from the passenger services along with massive growth rate of 13%, as per the report released. The earnings from other sectors were $115 million.

 The year over year grows was 13 percent due to combined revenue of $1.52 billion in the quarter. The company matched the expectations of the analysts. But at the same time operating cost have increased to 16.6 percent from 3.1 percent last year due to rapid expansion. Operating income for the current quarter was $253 million and JetBlue had a pre-tax income of $222 million. The net income was diluted with 40 cents per diluted share as the company reported $137 million of the same. 

The passenger miles score for the low-cost carrier is 9.62 billion, a sharp rise of 11.1 percent. The total available seat miles were 11.4 billion. The number was 10.4 billion last year. Last year each seat cost around 8.10 cents per mile to the carrier, now it has declined to 7.95 cents. This has widened profit prospects for the company.  The revenue per mile for each passenger has increased to 4.5 percent than last year. 

 

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