JetBlue Airways Corp. (JBLU) on Thursday reported fourth-quarter earnings of $172 million.

The New York-based company said it had profit of 50 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The airline posted revenue of $1.64 billion in the period, which matched Street forecasts.

For the year, the company reported profit of $759 million, or $2.22 per share. Revenue was reported as $6.63 billion.

JetBlue shares have declined roughly 3 percent since the beginning of the year. The stock has climbed almost 1 percent in the last 12 months.

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Photo Credit: JetBlue increased capacity and load factors in the fourth quarter of 2016. In this March 21, 2016 file photo, the first Airbus A-321 aircraft assembled in Mobile, Alabama takes off from Brookley Field for its first test flight. Sharon Steinmann / AL.com via Associated Press