JetBlue Airways Corporation (JBLU - Analyst Report) is a low cost carrier which is based in Long Island City, NY. The carrier, founded in 1998, operates primarily on point-to-point routes. It operates an average of 800 daily flights and carries more than 30 million customers annually to multiple destinations in the U.S., Caribbean, and Latin America.

The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 5.72%.

Zacks Rank: Currently, JetBlue has a Zacks Rank #5 (Strong Sell) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: JetBlue’s earnings (excluding special items) of $0.53 per share beat the Zacks Consensus Estimate of $0.49. Earnings improved substantially from the year ago figure. Results were aided by low fuel costs.

Revenue: Operating revenues came in at $1,643 million, marginally beating of the Zacks Consensus Estimate of $1,635 million. Revenues improved 2% from the year-ago figure. The top line was benefitted by a 35.2% increase in other revenues. Passenger revenues fell 0.6% in the second quarter of 2016.

Key Stats : For the third quarter of 2016, the carrier expects capacity to increase in the band of 5.5% and 7.5%. For the full-year 2016 the metric is still expected to increase in the range of 8% to 9.5%. Consolidated operating cost per available seat mile, excluding fuel and profit sharing, is expected to grow in the band of 1% to 3% in the third quarter of 2016. For the full-year 2016 the metric is still expected to grow in the range of 0% to 1.5%.