JetBlue posts more losses, will sell some aircraft

It appears some of the shine may be coming off everyone's favorite low-cost airline. JetBlue announced its first-quarter results yesterday, and the numbers aren't pretty: a $32 million loss.

This represents the second consecutive quarter without a profit for the airline, which is planning to sell "at least two, and potentially up to five" planes from its current fleet. JetBlue will also defer delivery of 12 planes scheduled for purchase over the next several years. The carrier isn't cutting any of the new routes promised for this year, though it will "reduce capacity in certain trans-continental markets" and focus more on shorter-haul routes.

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JetBlue devotees shouldn't panic yet, but I wouldn't file this under the category of "good news," either.

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