JetBlue Airways Corp., a small but still-thriving airline despite the travel slump, said Wednesday that it earned $10.5 million in the third quarter while most other carriers lost money.
The profit included a $6.7-million pre-tax gain from JetBlue's initial portion of the federal bailout. However, the privately held airline said that even without the aid, it had a third-quarter operating profit of $4.6 million.
JetBlue had a $2-million loss a year earlier, but the carrier was only a few months old then. It turned profitable in this year's first quarter, and the third-quarter profit "shows the resilience of our low-fare, low-cost business model," said David Neeleman, JetBlue's chief executive.
"Our growth plan remains intact, and we are proud to say that we have not laid off a single employee, nor have we canceled or deferred a single aircraft delivery," he said.