Loss shifts JetBlue’s focus to climbing into black

by Jon Surmacz on February 22, 2006

Loss shifts JetBlue’s focus to climbing back into black — For the first time since its wildly successful initial public offering in 2002, JetBlue lost money during a quarter. It was a surprisingly large, $42 million loss in the October-December period, the result of high fuel prices, low fares and a slow upward creep in the operating costs of the 6-year-old carrier. (USA Today)


Delta to seek severance for top execs
— In an effort to halt an exodus of top-level people, Delta Air Lines today will ask a bankruptcy judge in New York for permission to set up a severance-pay plan for executives whose jobs are eliminated in reorganization. (USA Today)

Casinos rise out of Katrina’s wreckage — Amid the monumental wreckage of the Gulf Coast, gambling is up and running. The Mississippi State Tax Commission said the Isle of Capri, along with the IP Hotel & Casino and the PalaceCasino, took in approximately $63 million in gross gambling revenue in January, exceeding expectations. (The New York Times)

For the great airliners, a graveyard in the desert — About 20 miles west of Tucson, Ariz., is an amazing sight for any seasoned business traveler: row after row of silent, abandoned airliners. Some are going to be worked over and eventually resold to airlines around the world. Others are waiting for the banks or domestic airlines to reclaim them, and who knows when or if. (The New York Times)

Budget airline EasyJet warns of loss — Budget airline easyJet PLC said Wednesday that a rising fuel bill will result in a larger loss in the first half of the year, but the carrier maintained its earnings guidance for the full year. (AP)

Airline deal gets $3 billion job for GE — Three Indian airlines placed or finalized orders on Tuesday for jet engines made by GE-Aviation worth more than $3 billion at list prices. (The Cincinnati Post)

Will civilian travel system avoid DoD pitfalls — Vendors and the General Services Administration say they are taking steps to make sure problems that have plagued the Defense Department’s automated travel-booking and travel management system do not also plague a similar system being rolled out at civilian agencies. (Federal Times)

Japan retired couples told cruise may sink marriage — Japanese couples who celebrate the husband’s retirement with a leisurely cruise or overseas trip may find themselves headed for a divorce court. Many Japanese men who retire have spent decades living largely apart from their families for work — a recipe for trouble when they decide to take extended trips abroad with their wives. (Reuters)

British court jails businessman who joked he had bomb onboard — A businessman who joked that he had a bomb aboard a plane and sparked an expensive security alert was jailed for two months on Tuesday. (AP)

Three planes avoid runway crash in L.A. — Two planes came within a few hundred feet of each other last week when a controller at Los Angeles International Airport mistakenly cleared three planes for the same runway, officials said. (AP)

Alaska airlines flight returns after masks deploy — An Alaska Airlines flight returned to Portland International Airport Tuesday morning after the cabin’s oxygen masks dropped 15 minutes into a flight to Denver. There were no injuries and the 69 passengers were placed on other flights to Colorado, said Amanda Tobin, an Alaska Airlines spokeswoman. (AP)

Airbus sees downturn in plane market — The airliner market could slump by more than half this year to about 800 plane orders for Airbus and rival Boeing Co. from a record 2,057 net orders in 2005, Airbus’ top marketing man said. (Reuters)

Tower of London cages its ravens — The Tower of London, home to Britain’s Crown Jewels, has decided to keep its ravens indoors to protect them from the threat of bird flu. (CNN)


Carrie Charney, Christopher Elliott, John Frenaye, Charles Leocha, Marge Purnell, Valerie Schneider, Mary Staley, Stephanus Surjaputra, Richard Wong.

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