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JetBlue Airways Corporation Added to the KLD Domini
400 Social Indexsm
BOSTON,
MA - June 10, 2003. KLD Research & Analytics,
Inc., an independent research firm, announced today
that JetBlue Airways Corporation has been added
to the KLD Domini 400 Social Indexsm.
JetBlue is headquartered in Forest Hills, New York.
JetBlue
Airways Corporation markets reduced fare passenger
airline services to typically underserved areas
in New York State and the western United States.
The company operates out of JFK airport in New York
City and has operations in Long Beach, California.
Reasons KLD added the company to the DS 400 Index
KLD
added the company to the DS 400 Index for several
reasons, including:
- JetBlue
offers high quality air travel. The company's
strategy is to offer services usually associated
with higher-priced travel - such as leather seats,
individual satellite TV, and seat assignments
- while keeping its prices low. In addition, it
is company policy not to overbook seats. JetBlue
has the second lowest number of complaints to
the Department of Transportation in the airline
industry (0.43 per 100,000 passengers).
-
JetBlue has strong employee involvement. The company
offers stock option grants to a substantial number
of its employees, including pilots, dispatchers,
and technicians.
- The
company maintains good relations with its employees.
In a downturn of the aviation economy, the company
is committed to paying a minimum level of salary
and benefits if an employee cannot find other
aviation employment. Following the substantial
decrease in air travel after the September 2001
terrorist attacks, the company did not lay off
any employees.
About the KLD Family of Indexes
KLD's
Domini 400 Social Indexsm, launched in 1990, is
a benchmark index created by KLD to gauge the financial
performance of companies in which US social investors
might invest. The index consists of 400 diversified
equities that pass a broad range of social screening
criteria. The KLD Broad Market Socialsm Index (KLD
BMS Index) is the screened subset of the Russell
3000® Index, and the KLD Large Cap Socialsm
Index (KLD LCS Index) is the screened subset of
the Russell 1000® Index, both of which were
launched on January 1, 2001.
About KLD Research & Analytics, Inc
KLD
Research & Analytics, Inc. is an independent
research firm providing investment management tools
that are used by professionals to serve clients
who require investment strategies based on social
responsibility, responsive governance and corporate
integrity. KLD products and services, including
Socrates (a web-based, company research tool)
are used for screening, compliance and asset gathering.
For
more information about KLD or the KLD Domini 400
Social Index, please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270)
or via e-mail (kagredo@kld.com).
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