JetBlue Posts $198m Net Profit For Q3 2015

US budget carrier JetBlue Airways has reported a net profit of $198m for the third quarter of 2015, a rise from the $79m it posted in the same period last year.

US budget carrier JetBlue Airways has reported a net profit of $198m for the third quarter of 2015, a rise from the $79m it posted in the same period last year.

Revenues in Q3 amounted to $1.7bn while the firm’s operating profit also rose year on year from $164m to $351m.

However, the New York-based airline saw a year on year decrease in its load factor by 0.9 point to 85.3 per cent. JetBlue also confirmed it recorded $27m in losses on fuel hedges settling during the third quarter.

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