JetBlue announces Q3 profit and fleet restructuring plan

JetBlue Airways reported its third-quarter earnings increased 58%. The airline's net income for the quarter was $71 million, or 21 cents per share, an increase from $45 million, or 14 cents a share, when compared to the same quarter of 2012. The airline also announced plans to optimize its fleet strategy to match passenger demand and reduce costs by deferring 24 Embraer 190 aircraft from 2014-2018 to 2020-2022; converting 18 Airbus A320 positions to A321s; and, an incremental order for 15 A321ceo and 20 A321neo aircraft. President and CEO Dave Barger commented on the fleet restructuring plan, saying, "While the E190 is critical to our continued success in Boston and San Juan, we are now at the point where our network growth calls for larger-gauge aircraft." Barger said the airline also expects the "fleet restructuring plan will allow us to accelerate attractive growth opportunities at Fort Lauderdale/Hollywood International Airport."

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