JetBlue Airways Corporation JBLU is a low cost carrier which is based in Long Island City, NY. The carrier, founded in 1998, operates primarily on point-to-point routes. It operates an average of 800 daily flights and carries more than 30 million customers annually to multiple destinations in the U.S., Caribbean, and Latin America. The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in each of the last four quarters. The average earnings beat is 3.53%.Zacks Rank: Currently, JetBlue has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:Earnings: JetBlue’s earnings (excluding special items) of $0.59 per share beat the Zacks Consensus Estimate of $0.53. Earnings improved substantially from the year ago figure. Results were aided by low fuel costs.Revenue: Operating revenues came in at $1,616 million, marginally short of the Zacks Consensus Estimate of $1,622 million. Revenues improved 6.1% from the year-ago figure. The top line was benefitted by a 20% increase in other revenues. Passenger revenues climbed 4.9% in the first quarter of 2016.Key Stats to Note: For the second quarter of 2016, the carrier expects fuel price, including fuel taxes, to be $1.33 per gallon. Capacity in the second quarter of 2016 is projected to increase in the band of 9.5% and 11.5%. For the full-year 2016 the metric is still expected to increase in the range of 8.5% to 10.5%. Consolidated operating cost per available seat mile, excluding fuel and profit sharing, is expected in the band of -0.5% to +1.5% in the second quarter of 2016. For the full-year 2016 the metric is expected to grow in the range of 0% to 1.5%.Stock Price: The earnings beat pleased the investors. Shares of the company were up in pre-market trading at the time of writing.Check back later for our full write up on this JetBlue Airways earnings report later!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research