[drlady]

JetBlue loses $7 million, cancels 2008-09 growth (ATW News)

JetBlue Airways unveiled plans to cancel growth plans and defer aircraft deliveries as it announced a second-quarter net loss of $7 million, reversed from a $21 million profit in the year-ago period.

"We believe slower growth, combined with our rigorous cost control and aggressive revenue focus, will further strengthen our liquidity position, which is essential in this environment," said Ed Barnes, JetBlue's CFO.

Will this affect Jetblue's growth in the DR?? It seems all carriers have reported net losses..AA posted a whopping $1.45 billion, DL $1 billion and CO only $3 million...