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JetBlue weathers difficult first quarter with narrowed net loss, operating profit

A 34.2% surge in revenue helped JetBlue Airways fare somewhat better than its US rivals in a difficult first quarter as its net loss narrowed to $8 million from $22 million and its operating result improved to a $17 million profit from a $13 million deficit in the year-ago period. Still, the carrier opted to reduce its planned 2008 capacity growth to 3%-5% "by aggressively managing our flight schedule after the peak summer travel period," according to CEO Dave Barger. It also announced it ...

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