January 28, 2010

Annual profit announced

Today we are pleased and privileged to announce fourth quarter and annual profits for 2009.

We reported net income of $11 million in the fourth quarter and net income of $58 million for the full year 2009, earning our highest net income since 2003.

CEO, Dave Barger, via a live webcast this morning announced,

“2009 presented many challenges to the airline industry: [significant pressure on revenues as a result of the recession, continued tightening of the credit markets, volatility in the price of fuel]. Through it all, our crewmembers continued to work hard every day to improve our business. We generated positive free cash flow for the first time in JetBlue’s history, and we were one of only a few U.S. carriers to achieve a profit in all four quarters of 2009 – all while delivering an experience to our customers that is unrivaled in the industry. I would like to take this opportunity to thank our 12,000 crewmembers for helping us achieve these strong results.

To conclude, we are pleased with our operating results, which continue to be among the best in the industry and demonstrate our continued ability to withstand the impact of a weak economy. Throughout 2009, we remained focused on the future strength and flexibility of our airline. As we begin 2010, we continue to look for opportunities to build our financial flexibility and lay the foundation for future growth.”

General plans for 2010 include growing traffic in our newer and existing BlueCities, slowing growth by way of altered aircraft purchasing plans, and utilizing our new Sabre platform to provide superior flexibility and seamless transacting.

Here’s to another successful year!

Posted by in Crewmembers, Customers, In The News | Permalink | 0 Comments | Share on Facebook | Share on Twitter

Leave a Reply