JetBlue Airways Corporation (NASDAQ: JBLU) announced a 18.4 percent increase in net income for the second quarter, while earnings witnessed 20.5 year-over-year growth. Its operating revenues witnessed 2 percent increase and came in line with the expectations while earnings exceeded.
JetBlue said its net income was $180 million compared to $152 million while earnings grew to $0.53 a share from $0.44 a share in the year-ago quarter. This was $0.04 a share higher than the analysts' predictions of $0.49 a share.
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The airliner's operating revenues were $1.64 billion versus $1.61 billion in the previous year quarter. Street analysts' expected the company to generate $1.65 billion.
The company's President and CEO, Robin Hayes, said, "Looking ahead, we are excited about our growth opportunity in the transcontinental market, where Mint has a successful track record of delivering a great product, amazing service, stimulating premium demand and meaningfully improving unit revenue."
Going forward, JetBlue expects capacity to grow 5.5–7.5 percent in the third quarter. For the full year, it continued to see capacity growth of 8–9.5 percent.
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