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That result was flat when compared to Jet Blue's results from the same quarter a year before ( million), but it was double Wall Street forecasts of a million profit, Reuters reports.
The carrier said cost-cutting and stronger revenue helped it offset higher jet fuel costs.
In October 2005, Jet Blue's quarterly profit had plunged from US.1 million to .7 million largely due to rising fuel costs.
Despite this, the airline continued to add planes and routes to the fleet at a brisk pace.
In addition in 2006, the IAM (International Association of Machinists) attempted to unionize Jet Blue's "ramp service workers", in a move that was described by Jet Blue's COO Dave Barger as "pretty hypocritical", as the IAM opposed jet Blue's creation when it was founded as New Air in 1998.
Jet Blue was one of the few major airlines to post a profit in that quarter.
While its financial performance started showing signs of improvement, in February 2007, Jet Blue faced a crisis, when a snowstorm hit the Northeast and Midwest, throwing the airline's operations into chaos.
Jet Blue Airways Corporation, stylized as jet Blue, is a major American airline low cost passenger carrier, and the sixth largest in the United States by passengers carried.
Jet Blue Airways is headquartered in the Long Island City neighborhood of the New York City borough of Queens, with its main base at John F. It also maintains corporate offices in Cottonwood Heights, Utah domestic and international network destinations in the U.In addition, with higher costs related to the airline's numerous amenities, Jet Blue was becoming less competitive.For many years, analysts had predicted that Jet Blue's growth rate would become unsustainable.In October 2006, Jet Blue announced a net loss of 0,000 for Quarter 3, and a plan to regain that loss by deferring some of their E190 deliveries and by selling 5 of their A320s.In December 2006, Jet Blue, as part of their RTP plan, removed a row of seats from their A320s to lighten the aircraft by 904 lb (410 kg) and reduce the cabin crew size from four to three (per FAA regulation requiring one flight attendant per 50 seats), thus offsetting the lost revenue from the removal of seats, and further lightening the aircraft, resulting in less fuel burned.The plan called for million in annual cost cuts and a push to boost revenue by million.