US low fares carrier JetBlue has released better-than-expected third quarter financial results; showing a massive reduction in net losses and an increase in revenue.
The airline said it exceeded its third quarter expectations and is on track to hit its full-year targets.
The transatlantic airline – which flies between the US and numerous European hubs, including routes between Dublin and Boston and New York-JFK – posted a net loss of $60m for the third quarter. This was a huge cut of $93m in losses, year-on-year, while operating revenue rose by 0.5% to $2.4bn.
“We met or exceeded all of our financial targets for the third quarter and progressed on the implementation of our JetForward strategy, sustaining the momentum…
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