October 26, 2011

Third Quarter Financial Results Announced!

We’re pleased this morning to report our results for the third quarter 2011. See below for some highlighted points and check out our press release for the full recap:

  • Operating income for the quarter was $108 million, resulting in a 9.0% operating margin, compared to operating income of $140 million and a 13.6% operating margin in the third quarter of 2010.
  • Pre-tax income of $56 million in the third quarter, which includes a one-time loss related to the early extinguishment of portions of JetBlue’s convertible debt. Excluding this one-time item, JetBlue’s pre-tax income for the quarter was $61 million. This compares to pre-tax income of $97 million in the third quarter of 2010.
  • Net income for the third quarter was $35 million, or $0.11 per diluted share. Excluding the one-time item, JetBlue reported net income of $38 million, or $0.12 per diluted share. This compares to JetBlue’s third quarter 2010 net income of $59 million, or $0.18 per diluted share.

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