[A14.] Fuel Costs Hurt Airlines' Results Delta Air Lines and Northwest Airlines reported steep first-quarter losses on higher fuel costs, while JetBlue Airways posted a modest profit.
Unparalleled tax hikes, including a steep levy on fuel, have hurt households as never before.
Profit at JetBlue Airways fell in the third quarter, while UAL, the parent of United Airlines, and US Airways posted losses as higher jet fuel costs hurt results at all three companies.
The company said higher transportation and fuel costs hurt its logistics business, which delivers magazines, catalogs and packages to local post offices to help customers cut costs and delivery times.
Last quarter, lower fuel surcharges hurt income.
Rising fuel costs hurt earnings in 1999; still the airline netted $9.3 million.
And while rising fuel prices hurt all the carriers, JetBlue is better positioned than most.
Southwest Airlines Thursday reported slightly higher first-quarter profit due to increased travel but said soaring fuel costs hurt the low-fare carrier's bottom line.
Forging a path where I paused to consider the thoughts that fueled my hurt or anger was a new process; I am still on that path.
Governments around the globe are pushing to find alternative sources of energy in an effort to reduce their dependence on fossil fuels that may hurt the environment.
