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JetBlue reports net income of USD20m for Q2.


JetBlue Airways Corporation (Nasdaq: JBLU) on Thursday reported net income of USD20m or USD0.07 per diluted share for the second quarter of 2009, compared to a net loss of USD9m for the same period last year.

This was the airline's second consecutive quarterly profit and CEO Dave Barger confirmed that JetBlue expects to generate a profit every quarter this year, "despite a challenging revenue outlook".

Excluding an accounting gain of USD6m related to the valuation of JetBlue's auction rate securities, the company recorded a net income for the quarter of USD14m, or USD0.05 per diluted share.

Operating revenues for the second quarter 2009 totalled USD807m, a decrease of 6.0% compared to the second quarter 2008.

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Publication:Airline Industry Information
Article Type:Financial report
Date:Jul 23, 2009
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