NEW YORK (TheStreet) -- JetBlue (JBLU) - Get Report stock is down by 2.46% to $21.80 in pre-market trading on Tuesday morning, after the company released its 2015 second quarter earnings results, which were in line with analysts' estimates.

The company reported earnings of 44 cents per diluted share for the quarter ended June 2015, compared with 68 cents per share for the quarter ended June 2014.

JetBlue's revenue grew by 7.9% to $1.61 billion for the second quarter of this year, compared with $1.49 billion for the same period last year.

Analysts polled by Thomson Reuters expected earnings of 44 cents per share on revenue of $1.62 billion for the 2015 second quarter.

"We are very pleased to report strong second quarter results based on solid demand across our network, safe and efficient operations, and good cost control," CEO Robin Hayes said in a statement.

The company also spent less on fuel during the quarter as oil prices continue to fall.

In the 2015 second quarter, JetBlue paid an average of $2.13 per gallon of fuel, 31% less than the $3.09 per gallon it paid in the second quarter of 2014.

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

"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

You can view the full analysis from the report here: JBLU Ratings Report

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