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EARNINGS ROUNDUP / JETBLUE

Fuel costs result in $4-million loss

October 24, 2008|TIMES WIRE SERVICES

JetBlue Airways Corp., the U.S. carrier partly owned by Germany's Deutsche Lufthansa, posted a third-quarter loss of $4 million as fuel costs rose.

The loss of 2 cents a share compared with net income of $23 million, or 12 cents, a year earlier, the New York-based airline said.

The results included a gain of $26 million from contracts that locked in some fuel prices in advance. Sales rose 18% to $902 million. Shares of JetBlue rose 1 cent to $5.02.

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