NEW YORK (TheStreet) -- Shares of JetBlue Airways Corp (JBLU) were climbing, slightly up 0.04% to $19.16 in late morning trading Thursday, after the airline reported its load factor for the month of May, according to CNBC.
The carrier's load factor for May showed an improvement, coming in at 85.7%. The figure was 0.5% higher compared to May of last year.
The load factor is a monthly indicator for airlines, compiled by the Air Transport Association. It measures the percentage of available seating capacity that is filled with passengers.
JetBlue also reported traffic for May improved 8.4% on a capacity increase of 7.8%
Traffic for May rose to 3.47 billion revenue passenger miles from 3.20 billion RPMs last year.
Capacity rose to 4.05 billion available seat miles from 3.76 billion ASMs last year.
Long Island City-based JetBlue Airways is a passenger carrier company that provides air transportation services in the U.S., the Caribbean, and Latin America.
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 attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."