NEW YORK (TheStreet) -- JetBlue Airways Corp. (JBLU) - Get Report shares are up 2.67% to $19.20 in trading on Tuesday as the airline industry benefits from falling oil prices that are continuing to drive down the cost of fuel.

Oil prices continue to decline today after moving under a six year low in trading yesterday as investors anticipate this week's supply report to show an increase in U.S. stockpiles.

Crude for April delivery is down 1.89% to $43.03 on the New York Mercantile Exchange, one day after prices fell to their lowest point since March 11, 2009. Industry standard Brent crude is down 2.25% to $53.44 per barrel, while West Texas crude for April delivery is also falling 1.71% to $43.13 per barrel.

However, airlines are not passing on the savings to customers despite the fall in oil prices, according to an article in the Guardian earlier this week.

"In the short-term, the answer is: there really is no benefit for the consumer. The reality is airlines don't price their flights based on their cost. In the short term, they price it based on demand. Unless demand changes, just because they're paying less [for fuel], they're not going to pass that savings on unless they have to. And they don't right now. People are traveling and the flights are full," Jeff Klee, CEO of CheapAir.com, an online travel agency told the paper.

TheStreet has an article detailing how JetBlue is the surprise airline industry performer after gaining 18% so far this year. The full article can be read here.

TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Powered by its strong earnings growth of 85.71% and other important driving factors, this stock has surged by 106.85% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, JBLU should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
• JETBLUE AIRWAYS CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, JETBLUE AIRWAYS CORP increased its bottom line by earning $1.19 versus $0.51 in the prior year. This year, the market expects an improvement in earnings ($1.65 versus $1.19).
• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Airlines industry. The net income increased by 87.2% when compared to the same quarter one year prior, rising from $47.00 million to $88.00 million.
• JBLU's revenue growth trails the industry average of 21.6%. Since the same quarter one year prior, revenues slightly increased by 5.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
• You can view the full analysis from the report here: JBLU Ratings Report