April 24, 2018 / 11:52 AM / 7 months ago

JetBlue posts decline in Q1 pre-tax income on higher costs

NEW YORK, April 24 (Reuters) - JetBlue Airways Corp on Tuesday said quarterly pre-tax income fell by 9.2 percent, but its net income increased by 7 percent, as higher fares and a lower U.S. tax rate helped offset expenses from fuel and other costs.

The New York-based airline posted pre-tax income of $110 million, down from $126 million in the first quarter of 2017, and a 1.3 percent decline in its pre-tax margin to 6.3 percent. (Reporting by Alana Wise)

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