NEW YORK (
) -- JetBlue Airways' profit keeps climbing -- which is more than can be said for many other airlines.
The airline carrier swung to a profit in its third quarter, aided mainly by the tailwinds of cheaper fares and lower fuel prices.
During the quarter, the company earned $15 million, or 5 cents a share, compared with a loss of $8 million, or 3 cents a share, in the year-ago period.
Excluding an accounting gain, the company actually earned $12 million, or 4 cents, a penny shy of analysts' forecast.
But these lower fares did chip away at revenue, which slid 5% to $854 million.
lost $16 million, or 2 cents a share, in its third quarter, while
lost $18, million, or 14 cents a share.
, parent company of American Airlines, also swung to a $359 million loss, or a loss of $1.26 a share.
-- Reported by Jeanine Poggi in New York
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.