JetBlue's oil price.

On June 5438+ 10, 2005, JetBlue announced that its quarterly profit dropped from $865,438+to $2.7 million due to high oil prices. Moreover, JetBlue has a large number of Embraer 190 in service. Operational problems, oil prices and the service quality of JetBlue itself make its profitability decline continuously. Nevertheless, JetBlue continued to expand as scheduled and announced that it would add 36 new aircraft in 2006.

In February, 2006, JetBlue announced its fourth quarter results in 2005, and recorded its first loss since its establishment, reaching 42.4 million US dollars, which was enough to make a loss for the whole year of 2005. There is still a deficit in the first quarter of 2006, and it is expected that there will be a loss in the whole year of 2006. After the first quarter results were announced, CEO David Nileman, President David Bagger and CFO John Owen launched a plan to return to profitability, detailing how to cut costs and increase revenue. In the second quarter of 2006, JetBlue turned losses into profits and recorded a profit of 654.38+04 million US dollars.