JetBlue Airways' net income down 58% in first quarter 2017

JetBlue Airways reported first quarter 2017 operating income of US$147m, a decline of 57.9% from the first quarter of 2016. The airline posted pre-tax income of US$126m, a decrease of 60.9% from the first quarter of 2016 and net income of US$85m, compared to first quarter 2016 net income of US$207m. JetBlue reported first quarter operating revenues of US$1.6bn and revenue passenger miles of 11.4 billion, an increase of 3.9% compared to first quarter 2016, on a capacity increase of 4.2%. First quarter load factor was 83.9%, a 0.3 point decrease year over year.