JetBlue (NASDAQ:JBLU) announced that earnings for the third quarter were 29 percent higher due to increased traffic that offset lower fares. The company earned $45 million, or 14 cents per share, versus $35 million, or 11 cents per share, in the same period last year. Revenue increased by 9.4 percent to $1.31 billion, while costs increased by 9.8 percent to $1.2 billion. Analysts had expected earnings of 13 cents per share on revenue of $1.31 billion.
Earlier this week, larger rival Delta Air Lines (NYSE:DAL) announced that third quarter profit nearly doubled as a result of favorable fuel contracts. 
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