JetBlue Turns Small Profit in Second Quarter

JetBlue Turns Small Profit in Second Quarter

JetBlue announced financial results for the second quarter of 2021.

The New York-based carrier said it had recorded net income of $64 million, compared with a net loss of $320 in the same period in 2020, on revenue of $1.5 billion, down 35% when compared with the same period in 2019.

Revenue in the second quarter of 2019 was $2.1 billion and, in 2020, $215 million

The airline said it expects to exceed its 2019 revenue in future quarters.

“In the second quarter, we saw strong signs that consumer confidence and travel demand is returning,” said the airline’s CEO, Robin Hayes, in a statement. “We expect continued improvement in our operating performance as we progress towards a full recovery. We are creating a path to restore our earnings power to beyond 2019 levels,” he said.

(Photo: Accura Media Group)