Jody Victor Horizons Travel: Today Jody Victor focuses on the airline companies, specifically JetBlue.  JetBlue Airways second-quarter profit grew 50% on growing passenger volumes, but the company announced plans to slow its growth in the wake of a February debacle in which an ice storm forced the cancellation of 1,700 flights and cost Chief Executive David Neeleman his job. JetBlue, based in Forest Hills, N.Y., said on Tuesday that net income grew to $21 million, or 11 cents a share, in the second quarter, from $14 million, or 8 cents a share, in the year-ago quarter. Revenue rose to $730 million from $612 million in the second quarter of 2006, a 19.3% increase. Analysts polled by Thomson Financial, however, had expected earnings of 12 cents a share and revenue of $752.6 million. JetBlue also announced plans to slow its growth, saying it will take delivery of three fewer airplanes this year and will sell three planes from its fleet. New CEO Dave Barger has said he thinks JetBlue's February storm meltdown was caused, in part, by the fact that the company grew too fast.

 

For more information on this topic please visit the following link:

http://www.usatoday.com/travel/flights/2007-07-24-jetblue-earn_N.htm?csp=34

 

 

News Sources include: USA Today

 

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