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Earnings roundup: JetBlue, KeyCorp



By AP
22 July 2008 @ 02:33 pm EST

Among the earnings stories for Tuesday, July 22, from AP Financial News:

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NEW YORK (AP)--Additional fees and cost cut initiatives helped JetBlue Airways Corp. to post a narrower-than-expected second-quarter loss on Tuesday, as the carrier said it will scale back growth plans to keep pace with the soaring price of fuel.

CLEVELAND (AP)--Regional bank KeyCorp on Tuesday posted a second-quarter loss as its set-asides to cover bad loans swelled, and it booked more than $1 billion in charges from a court ruling involving the tax treatment of part of its leveraged lease portfolio.

RESTON, Va. (AP)--The housing slump continued to take its toll on homebuilder NVR Inc. as second-quarter earnings dropped 43 percent amid declining orders for new homes and falling income from mortgage lending, the company reported Tuesday.

NEW YORK (AP)--Drug development and research company Icon PLC reported stronger-than-expected second quarter results Tuesday, as its profit grew 41 percent for the period.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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