Skift Take

JetBlue's revenue per available seat mile fell 3.5 percent year over year in the third quarter and Hurricane Matthew will negatively impact fourth quarter operating expenses a half a point, according to the airline. JetBlue seems to be growing capacity at a stronger pace than many of its peers.

JetBlue Airways Corp. (JBLU) on Tuesday reported third-quarter net income of $199 million.

The New York-based company said it had net income of 58 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The airline posted revenue of $1.73 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.72 billion.

JetBlue shares have dropped 17 percent since the beginning of the year. The stock has dropped 24 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBLU at http://www.zacks.com/ap/JBLU

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This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

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Tags: earnings, jetblue airways

Photo credit: JetBlue's third quarter of 2016 financial results were a mixed bag with revenue exceeding expectations but profits falling short. Pictured is the JetBlue Airspace Lounge in JFK's T5 on July 23, 2013.

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