JetBlue swings to loss on fuel prices

NEW YORK (MarketWatch) — JetBlue Airways Corp. on Wednesday posted a fourth-quarter loss – its first as a public company – hurt by high fuel prices and the 2005 hurricane season.

The low-cost carrier also forecast a loss for the first quarter and the year.

Shares were down 8% to $12 in premarket trading on Instinet.

The New York City airline posted a loss of $42.4 million, or 25 cents a share, compared with net income of $1.5 million, or 1 cent a share, a year earlier.

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