JetBlue Airways has a profitable 4Q and 2011

JetBlue Airways Corporation (New York) today reported its results for the fourth quarter and full year 2011:

Pre-tax income of $40 million in the fourth quarter. This compares to pre-tax income of $13 million in the year-ago period.

For the full year 2011, JetBlue reported pre-tax income of $145 million. This compares to a pre-tax income of $161 million for the full year 2010.

Net income for the fourth quarter was $23 million, or $0.08 per diluted share. This compares to JetBlue’s fourth quarter 2010 net income of $8 million, or $0.03 per diluted share.

For the full year 2011, JetBlue reported net income of $86 million, or $0.28 per diluted share. This compares to net income of $97 million, or $0.31 per diluted share, for the full year 2010.

JetBlue ended the year with $1.2 billion in cash and short term investments.

Copyright Photo: Michael B. Ing.

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