Actionable news
All posts from Actionable news
Actionable news in JBLU: JetBlue Airways Corporation,

JetBlue Airways 3rd-qtr profit soars, beats estimates

People wait in line at the JetBlue counter at La Guardia airport in New York January 6, 2014.

JetBlue Airways Corp (JBLU.O) said on Tuesday its third-quarter profit more than doubled from a year earlier, topping estimates as cheaper fuel and revenue from new checked bag fees and first-class seats added to the bottom line.

The U.S. budget carrier earned $198 million in the quarter, up from $79 million a year ago. It earned 58 cents per share, compared with the average analyst estimate of 57 cents, according to Thomson Reuters I/B/E/S.

Shares fell 2.7 percent to $25.50 in premarket trade.

The selloff likely occurred because JetBlue's passenger unit revenue fell slightly more than expected in the quarter, according to Sterne Agee CRT...