DALLAS, Feb. 11, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring regional airline JetBlue Airways Corp. (Nasdaq:JBLU). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
It is available at: http://www.beaconequity.com/i/JBLU
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JetBlue Airways Corp. (JBLU) is a passenger airline that provides customer service primarily on point-to-point routes. During the year ended December 31, 2008, the Company served 52 destinations in 19 states, Puerto Rico, and five countries in the Caribbean and Latin America, and operated over 600 flights a day with a fleet of 107 Airbus A320 aircraft and 35 EMBRAER 190 aircraft. In January 2009, JBLU began service to Bogota, Colombia.
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In the report, the analyst notes:
"JBLU hedged approximately 66% of its fuel consumption during the fourth quarter, resulting in a realized fuel price of $2.08 per gallon, a 24.1% decrease over fourth quarter 2008 realized fuel price of $2.75. JBLU recorded $1 million in gains on fuel hedges that settled during the fourth quarter.
"JBLU's fourth-quarter fuel price includes approximately $8 million in fuel taxes. During the quarter, JBLU reclassified its fuel taxes from other operating expenses to fuel expense for both the current and all prior periods. Excluding these taxes, JBLU's fourth-quarter fuel price was $2.01 per gallon.
"JBLU reported its preliminary traffic results for January 2010. Traffic in January increased 9.1% from January 2009, on a capacity increase of 8.9%."
To read the entire report visit: http://www.beaconequity.com/i/JBLU
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