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Joined: Tue Jun 01, 2004 3:44 am

JetBlue To Make Some Changes

Thu Apr 27, 2006 6:32 am

Found this article in NewsDay.

I dont care I will pay a little more, I'll stay True to Blue. couple 

Peace NF

JetBlue plans to trim its wings, Forest Hills-based carrier hopes delaying aircraft deliveries, cutting routes, raising fares will lift profits.

"It was not a good quarter," David Neeleman, JetBlue's founder and chairman, said during an analysts' call, but he added the airline has a "return to profitability" program that calls for delaying deliveries of 12 Airbus A320 aircraft, selling two to five A320s, cutting some cross-country flights, trying to sell more higher-priced tickets on each flight, and increasing average fares, which are now $105.

Ray Neidl, who follows the airline industry for Calyon Securities in Manhattan, said investors feel more comfortable now that JetBlue has announced a profitability plan.

JetBlue had been on an ambitious growth path in taking delivery of new airplanes, particularly E190s built by Embraer of Brazil for shorter-haul flights, and in planning new routes. There is to be no change in the delivery of new E190s. The airline operates 89 A320s and 11 E190s.
Airplanes are only as good as the people who fly&fix them.