JetBlue's third-quarter operating revenue rose 18% in the third quarter, but high fuel costs put the airline slightly in the red.
JetBlue reported a $4 million net loss on operating revenue of $902 million. In last year's third quarter, JetBlue reported a net income of $23 million.
"We are pleased to report record revenue during the third quarter," said Dave Barger, JetBlue's CEO. "High fuel prices, however, continued to be a challenge during the quarter. While fuel prices have dropped dramatically in recent weeks, we are focused on the turmoil in the financial markets and the economic challenges that lie ahead.
"Despite the economic uncertainty, we see continued strength in our bookings in the near-term. We believe our strong brand, award-winning service and outstanding crewmembers will help us better manage through these challenging times."