Rising Fares Bolster JetBlue Revenues

Features Reuters

Discount carrier JetBlue Airways Corp reported higher quarterly profit on Tuesday as rising airfares bolstered revenue.

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Net income was $71 million, or 21 cents a share, for the third quarter, up from $45 million, or 14 cents a share, a year earlier.

The carrier also announced aircraft changes that included deferring delivery of Embraer jets and orders for Airbus planes.