NEW YORK (TheStreet) -- Shares of JetBlue Airways (JBLU) - Get JetBlue Airways Corporation Report were falling 2.8% to $15.33 Thursday despite the airline's positive fourth quarter, in which it beat analysts' estimates for earnings with lower fuel costs.
JetBlue reported earnings of 26 cents a share for the fourth quarter, above the Capital IQ Consensus Estimate of 24 cents a share. The airline reported revenue of $1.45 billion for the quarter, a 5.9% increase from the year-ago quarter, and in line with analysts' estimates.
The airline said it realized fuel costs of $2.70 a gallon in the fourth quarter, down 12.7% from the year-ago quarter, with 26% of its fuel purchases hedged.
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Revenue passenger miles increased 8.5% to 9.4 billion in the quarter, according to JetBlue. The airline's load factor increased 1.2 point year over year to 82.1% in the quarter.
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 several positive factors, 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, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: JBLU Ratings Report