JetBlue Airways Corp. Announces 59% Fall In Q1 Profit

(RTTNews) - JetBlue Airways Corp. (JBLU) revealed a profit for first quarter that decreased from last year.

The company said its profit fell to $85 million, or $0.25 per share. This was down from $207 million, or $0.61 per share, in last year's first quarter.

The company said revenue for the quarter fell 1.2% to $1.60 billion. This was down from $1.62 billion last year.

JetBlue Airways Corp. earnings at a glance:

-Earnings (Q1): $85 Mln. vs. $207 Mln. last year. -Earnings Decline (Y-o-Y): -58.9% -EPS (Q1): $0.25 vs. $0.61 last year. -EPS Decline (Y-o-Y): -59.0% -Revenue (Q1): $1.60 Bln vs. $1.62 Bln last year. -Revenue Change (Y-o-Y): -1.2%