hief Operating Officer; John Owen is Chief Financial Officer and Executive Vice President; Thomas Kelly is Executive Vice President and Secretary.
The stock of JetBlue Airways Corporation started trading on April 18, 2002. The closing price on the first day of active trading was $44.20. On December 13, 2002 there was a 3 for 2 stock split at JetBlue. In November of 2003, there was another 3 for 2 stock split. According to Yahoo Finance (Online) the closing price of the company stock adjusted for dividends and stock splits was $22.36 in April of 2002 when the stock became actively traded, and was $22.05 in October of 2004. JetBlue is a success story in an airline industry in which many major U.S. based carriers are either under bankruptcy protection or are actively considering filing for Chapter 11 bankruptcy protection. In fact, earlier this week the Chairman of the Board of Delta Airlines admitted that the $500 million in wage concessions he had negotiated with the airlines pilots may not be enough to prevent this carrier from seeking bankruptcy protection. With the exception of a few carriers such as Southwest Airlines and JetBlue, many of America's airlines are have been losing significant amounts of money. The problems they face are daunting. One of the problems involves travelers concerns about flying after the attacks on the United States on September 11, 2001. Another problem involves the increased costs of security, which the airlines must absorb. The latest blow involves the massive increases in the cost of jet fuel. With the p
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