JetBlue Airways has reported its results for the second quarter 2018:
The airline reported diluted loss per share of US$0.38, inclusive of US$319 million pre-tax impairment charge on E190 assets. Excluding this charge, adjusted diluted earnings per share of US$0.38. This compares to JetBlue’s second quarter 2017 diluted earnings per share of US$0.62.
Pre-tax loss of US$160 million, inclusive of the E190 asset impairment charge. Excluding this charge, adjusted pre-tax income of US$159 million, a decrease of 51.1% from the second quarter of 2017.
Pre-tax margin of (8.3%), inclusive of the E190 asset impairment charge. Excluding this charge, adjusted pre-tax margin of 8.2%, a 9.5 point decrease year over year.
JetBlue posted a net loss of US$120 million compared to net income of US$207 million in 2017.
