Tuesday, October 23, 2007

JETBLUE GROUNDED

JetBlue to quit Columbus
Tuesday, October 23, 2007 8:54 AM
JetBlue announced today it will discontinue operations in Columbus and Nashville on Jan. 6.

"We are taking the difficult but necessary step to discontinue operations in these two markets," Dave Barger, JetBlue's chief executive, said in a statement. "After more than 12 months of service and a detailed review of traffic and revenue trends in these two cities, we have decided to redeploy our assets."

The annoucement came as the company reported third quarter earnings. Net income for the quarter was $23 million, or 12 cents per diluted share, compared with a third quarter 2006 net loss of $500,000.

The New York-based company began its service from Port Columbus with four daily nonstop flights to New York's John F. Kennedy International Airport on Oct. 3, 2006.

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