Originally Posted by
Tailhookah
JetBlue 2Qtr numbers are scary. I’d lock in a raise now. The Legacy carriers are strong. B6’s free ride is over.
· Costs were $1.8 billion, up 17.7%
· Operating margin was 9.1%, down from 18.9%
· Pre-tax margin was 8.2%, down from 17.7%
· Pre-tax income was $159 million, down 51.1%
· Net income was $120 million, down 41.9%
Yikes
These are scary bad numbers. Not sure if mngmt is intentionally trying to sink B6, but they look to be doing a good job of it.
Always have been a yes voter for this TA, this makes my yes voter even stronger.