JetBlue announces third quarter results

JetBlue Airways Corporation reported that operating income for the quarter was $108 million, resulting in a 9.0% operating margin, compared to operating income of $140 million and a 13.6% operating margin in the third quarter of 2010. Pre-tax income was $56 million in the third quarter, which includes a one-time loss related to the early extinguishment of portions of JetBlue’s convertible debt.  Excluding this one-time item, JetBlue’s pre-tax income for the quarter was $61 million.  This compares to pre-tax income of $97 million in the third quarter of 2010.  Net income for the third quarter was $35 million, excluding the one-time item, JetBlue reported net income of $38 million.  This compares to JetBlue’s third quarter 2010 net income of $59 million.