The addition of the reserve was, however, much less than the $353 million set aside in the fourth quarter.

This is set for release in the 4th quarter of 2013.

Last year, it set aside $25 million in the second quarter.

Profits again set a new high in the first quarter of the year.

Analysts said the company might well set another record in the current quarter given its focus on consumer products and cost cuts.

The record, $570,750, was set in the third quarter of last year.

The Jets set the tone on offense and defense in the first quarter.

The previous high was $320,000, set in the second quarter of 1988.

The company's previous record was $12 billion, set in the fourth quarter of 1993.

The company said new orders also set a record in the quarter.