JetBlue Reports Record Profits

jetblueJetBlue Airways reported record results for the fourth quarter and full year 2013, including operating income of $115 million in the fourth quarter. This compares to operating income of $44 million in the fourth quarter of 2012. 

For the full year 2013, JetBlue reported operating income of $428 million. This compares to operating income of $376 million for the full year 2012.

RELATED: JetBlue to Offer New Nonstop Service to Port of Spain, Trinidad and Tobago

DAILY NEWS & DEALS NEWSLETTER

Like this story? Subscribe to Daily News & Deals!

Featuring breaking news on the latest product launches, deals, sales promotions, and executive appointments. Be sure to sign-up for this free industry daily newsletter.

Pre-tax income of $77 million was reported  in the fourth quarter. This compares to pre-tax income of $1 million in the fourth quarter of 2012. For the full year 2013, JetBlue reported pre-tax income of $279 million. This compares to a pre-tax income of $209 million for the full year 2012. 

Net income for the fourth quarter was $47 million, or $0.14 per diluted share. This compares to JetBlue's fourth quarter 2012 net income of $1 million, or $0.00 per diluted share. For the full year 2013, JetBlue reported net income of $168 million, or $0.52 per diluted share. This compares to net income of $128 million, or $0.40 per diluted share for the full year 2012. 

RELATED: JetBlue and British Airways Connect Networks

"Our record fourth quarter results top off an excellent 2013 for JetBlue," said Dave Barger, JetBlue's chief executive officer. "Thanks to the hard work of our 15,000 crewmembers delivering a differentiated product to our customers, margins improved as we continued to pursue profitable growth opportunities while maintaining competitive costs. As we enter 2014, we believe we are well positioned to build on our 2013 success."

"We continue to be pleased with strong revenue performance throughout our network as we continue to generate a revenue premium versus the industry in many of our key markets -- particularly in New York, Fort Lauderdale and the Caribbean and Latin America," said Robin Hayes, JetBlue's president. "Looking ahead to the first quarter, the revenue environment is strong."

Visit www.jetblue.com

Read more on: