UPDATE: JetBlue Posts Lower Q4 Profit
JetBlue Airways (NASDAQ: JBLU) reported a drop in its fourth-quarter earnings.
JetBlue's quarterly profit fell to $1 million, or breakeven per share, from $23 million, or $0.08 per share, in the year-ago period.
Its revenue rose 4.2% to $1.19 billion. However, analysts expected earnings of $0.02 per share on revenue of $1.21 billion.
Its operating margin narrowed to 3.7% from 7.3%.
JetBlue shares closed at $6.23 yesterday.
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