JetBlue Airways posted its second quarter financial results showing net income of $25 million.
This came on revenue of $2.4 billion which is down 6% year over year.
Operating expenses per available seat mile increased 2.6% in the quarter.
JetBlue ended the quarter with $1.6 billion in liquidity, not including a $600 million credit facility.
“We closed the first half with meaningful year-over-year improvements in our operation and exceeded our second quarter guidance,” said Joanna Geraghty, JetBlue’s chief executive officer.
“We are reliability and doubling down on our commitment to improve customer satisfaction.”
The airline is reinvesting to maintain its position as a major player for leisure flights out of the East Coast.”
“We are actively reinvesting in our core geographies in New York, New England, Florida and Puerto Rico, while exiting routes and BlueCities that don’t meet our financial hurdle rate,” added Marty St. George, JetBlue’s president.
