Boston, MA 01/30/2014 (wallstreetpr) – JetBlue Airways Corporation (NASDAQ:JBLU) reported its solid third quarter results on Jan 29, 2013. The flyer reported revenue earning maturing and beating expectations by $20 million, achieving $1.37 billion, a figure which is 15.1 % higher over the past year.
JetBlue Airways Corporation (NASDAQ:JBLU) has since included slots for the much aspired National Airport slots at Washington’s Reagan National Airport. The company believes that the carrier, if its slots are approved by the Department of Justice, will see movement on the older American as well as US Airway slots.
Labor Unions step up pressure
JetBlue Airways Corporation (NASDAQ:JBLU) along with other airliners in its league now have a new issue on hand, post some good quarters. This time the request was placed before the like of American Airlines Group Inc (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL) as well as the United Continental Holdings Inc (NYSE:UAL) was placed by The Port Authority of New York as well as that of New Jersey. Both are requesting that airliners now pay wages which are $1 more for the hour. Considering the higher profits most airlines have notched over the few past quarters has definitely led to an increase in pressure from most labor unions.
Revenue loss substantial due to bad weather cancellations
JetBlue Airways Corporation (NASDAQ:JBLU) has noted that the revenue earnings were substantially lowered due to the bad weather over the Christmas season. The company noted that the overall cancellation of flights has had a negative impact. According to the company, the bad weather conditions of the Northeast have meant that a number of flight cancellation have led fall in the revenue earnings. The company has noted that the operating income have fallen by $30 million when the total revenue for the period saw a drop of $45 million. Across the industry, nearly 3,000 flights were cancelled leading the total flights cancellations to about 6,000.
