JetBlue profitable in every quarter of 2009; SpiceJet and Virgin Blue in talks with suppliers
JetBlue reported its highest net income since 2003 in 2009, with a net profit of USD58 million (a turnaround from a net loss of USD85 million). But investors are becoming increasingly nervous about cost pressures in the sector. JetBlue’s shares slumped 7.9% yesterday, upon the release of the results.
