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Old 01-30-2003, 01:51 PM   #1
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No-frills US airline cleans up while Boeing takes a hit

No-frills US airline cleans up

Low cost airline JetBlue has continued to defy the industry's biggest-ever downturn, reporting a 37% increase in quarterly profits.

The New York-based carrier was bullish about its prospects amid continuing gloom from larger rivals.

But plane-maker Boeing reported a sharp downturn in quarterly profits and said there was more bad news to come.

The aerospace giant has deferred delivery of 500 commercial jets since the 11 September attacks.
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