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One of the first things I thought of when my husband and I made a whirlwind move from St. Louis to Chicago this month is that I'm finally in a JetBlue Airways (NASDAQ: JBLU) market and can see what the fuss is all about. I hear rumors of low fares, cushy seats, and personal media players for every seat.

Apparently, things are looking good from inside the company as well. The low-cost carrier returned to the black in its latest third-quarter, posting net income of $23 million, or 12 cents per share. This figure compares with a year-ago loss of $500,000 (roughly 0 cents per share). The numbers were a nickel above Wall Street's consensus view of 7 cents per share, according to estimates compiled by Reuters.

Revenue rose 22% during the quarter to $765 million, falling just shy of analysts' expectations of $767 million. Traffic during the reporting period jumped 13% higher to 6.86 billion revenue passenger miles, and capacity rose 11%. Load factor -- the percentage of seats filled -- rose to 82% from 80.4% last year.

Continue reading JetBlue Airways (JBLU) earnings gaining altitude

JetBlue Airways (JBLU) earnings gaining altitude originally appeared on BloggingStocks on Tue, 23 Oct 2007 11:08:00 EST. Please see our terms for use of feeds.

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