JetBlue Airways posted a first-quarter net profit of $4 million, down 71.4% from net income of $14 million in the year-ago period. CEO Dave Barger blamed the profit decline on a “really tough first quarter” in terms of severe winter weather in the US northeast. JetBlue canceled 4,100 flights in the March quarter owing to weather, costing the carrier $50 million in revenue and reducing operating income by $35 million. Barger told analysts and reporters the carrier expects its ...

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