FILE PHOTO: A JetBlue passenger jet lands with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren
CHICAGO (Reuters) – JetBlue Airways Corp (JBLU.O) saw a slight rise in quarterly profit in the three months to end December after delivering on a three-year cost-cutting drive designed to enable low-cost airfares over the next decade, it said on Thursday.
Earnings per share rose to $0.56 in the quarter to Dec. 31 from $0.55 a year earlier, just above a Wall Street consensus forecast for $0.55, helped by $314 million in total cost savings over a three-year period, it said.
Reporting by Tracy Rucinski; Editing by Jan Harvey
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source: reuters.com