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Fast-paced JetBlue putting on the brakes?
Friday, 19 Apr, 2006
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JetBlue Airways may be reeling in its growth, according to a report by a JP Morgan analyst.
Analyst Jamie Baker speculated the airline would “modestly” retard its growth through the retirement of its oldest aircraft and possibly deferring new deliveries.
A JetBlue spokesperson told ATWOnline that the carrier is in a quiet period before releasing quarterly results on 25 April. The spokesperson had no comment.
JetBlue capacity rose 29% in the first quarter while traffic grew 24%. The airline is losing money and does not expect to be profitable this year.
“JetBlue requires an estimated $2 billion in incremental capital over the next two years,” Mr Baker said. That amount is needed to pay for new aircraft.
Report by David Wilkening
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