JetBlue Airways' recovery from its operational meltdown in February and its overly aggressive expansion continued with a $21 million second-quarter profit that represented a 50% increase over the $14 million earned in the year-ago quarter and supported CEO Dave Barger's claim that "slowing capacity growth will allow us to strengthen our balance sheet and facilitate earnings growth." To that end, the carrier yesterday said it will sell three A320s from its fleet "later this year" and defer ...

Subscribe to Access this Entire Article

"JetBlue continues to slow growth as second-quarter profit climbs 50%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.