Northwest Arkansas Democrat-Gazette
Profits take hurricane hit, JetBlue says
NEW YORK — JetBlue Airways said Wednesday that hurricanes will cost the airline more than $100 million in lost revenue and cut into profits for the third and fourth quarters.
JetBlue said that the storms cut revenue by $44 million in the third quarter and between $70 million and $90 million in the fourth quarter.
The airline says hurricanes Irma and Maria cut thirdquarter operating income by $30 million to $35 million, or 6 to 7 cents per share, and will reduce fourth-quarter income by $50 million to $70 million, or 10 to 13 cents per share.
The airline flies to many destinations in Florida and the Caribbean, where several airports were closed because of storm damage.