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Thu, Sep 22, 2005

JetBlue: "They've Had Better Days...'

LCC Set To Post First-Ever Loss

You know the fuel price crisis now plaguing the aviation industry is bad when the guys who've never lost a dime start sweating.

That appears to be the case at hand for JetBlue Airlines, where CEO David Neeleman admits his company's string of 18 profitable quarterly reports "is in jeopardy."

"Probably [Hurricane] Rita is going to put the final nail in this quarter," Neeleman said at the ACI North America conference in Toronto. He was quoted by Bloomberg News.

This quarter alone, the price of jet-av fuel has jumped 24-percent. JetBlue's profits dove 43-percent during the second quarter as the price it paid for jet fuel almost doubled.

FMI: www.jetblue.com

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