UAL, JetBlue report higher earnings
Crowded planes resulted in better results for United Airlines and JetBlue in the third quarter ending Sept. 30.
UAL, the parent company United Airlines reported profit of $334 million in the third quarter versus $190 million in the same period a year earlier. Revenues were $5.5 billion, up from $5.2 billion.
Reportedly, it was the company’s best quarterly profit in more than seven years.
Cargo revenues were $198 million for the quarter versus $183 million a year earlier. UAL said that reflected increased freight volumes in both domestic and Atlantic markets
Meanwhile JetBlue said it had operating revenue of $765 million in the third quarter compared to $628 million a year earlier.
The company earned $23 million in the third quarter, after losing about $500,000 in the year-earlier period.
JetBlue also said that it was dropping service to Columbus, Ohio, and Nashville.