NEW YORK (TheStreet) -- JetBlue Airways (JBLU) shares closed trading up 2.79% to $12.72 on Tuesday, continuing to climb a day after the airline revealed its October ridership numbers.
The company reported a 10.4% increase in airline traffic over the same period last year, while consolidated capacity was also up 7.6% over the previous year during the month, the ninth consecutive month of growth the airline has experienced.
For the year the company reported a 5.1% increase in airline traffic and a 4.7% increase in consolidated capacity.
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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 number of 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, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: