Topic of the Week: First Quarter Earnings Show a Struggling United, JetBlue

For quarter earnings are out for the big guys, and the results are pretty easily divided into winners and losers.

Losers
United lost $489 million (excluding special items) on $8.7 billion in revenue for a -5.6 percent net margin. Unit revenue was down 2.0 percent year over year.

JetBlue earned $4 million (excluding special items) on $1.3 billion in revenue for a 0.3 percent net margin. Unit revenue was up 0.9 percent year over year.

Winners
American earned $402 million (excluding special items) on $10.0 billion in revenue for a 4.0 percent net margin. Unit revenue was up 2.9 percent year over year.

Southwest earned $126 million (excluding special items) on $4.2 billion in revenue for a 3.0 percent net margin. Unit revenue was up 3.1 percent year over year.

Delta earned $281 million (excluding special items) on $7.7 billion in revenue for a 3.7 percent net margin. Unit revenue was up 3.2 percent year over year.

So what do you think? Will the winner keep winning and the losers keep losing or will we see some changes?

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