JetBlue's Stock Rises As The Airline Reports Growth in Unit Revenue

While investors continue to be pessimistic about the prospects of the airline industry, JetBlue's stock price rose 2.2% on Wednesday as the airline reported an increase of 8.4% in passenger traffic on a capacity increase of 7.8% in May. Although the news may not impact the industry as a whole, we believe that it will be helpful in reinforcing investor confidence in JetBlue as an investment.