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JetBlue (JBLU) Stock Climbs After Posting August Traffic Results

NEW YORK (TheStreet) -- Shares of JetBlue Airways (JBLU) were gaining in mid-morning trading on Tuesday after the company reported its preliminary August traffic results.

Traffic in August jumped 6.2% from the same month last year on a capacity increase of 5.7%. Load factor for last month was 87.4%, a rise of 0.4 points from August 2015.

The air carrier's preliminary revenue per available seat mile (RASM) for August fell about 5.5% year-over-year.

For the 2016 third quarter, the Long Island...