×

Blue Skies For JetBlue?

No doubt this is a tough time to run an airline. The industry has been clobbered recently by sagging travel demand. But are the winds changing?

On Thursday JetBlue posted quarterly results that beat expectations and investors bid shares higher as a result.

Specifically, the airline reported fourth-quarter net income of $11 million, or 4 cents per diluted share, compared with a net loss of $58 million, or 25 cents per share, a year earlier.

Analysts expected a profit of 3 cents per share, according to Thomson Reuters.

Are blue skies ahead for JetBlue? "We just closed out a very strong year," CEO Dave Barger tells Fast Money. "I think we're really well positioned for entering out second decade."

What else must you know about this company before you establish a position? Check out our entire interview with Barger. Watch the video below!


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On January 27th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AAPL) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (QCOM) Call Spread; Najarian Owns (XLF) Calls; Terranova Owns (BAC), (JPM), (GS), (XOM), (HAL), (EMC), (AAPL), (DELL), (MSFT), (QCOM); Terranova Owns (XLF) Feb. Calls

Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For Brian Kelly
Kanundrum Capital Owns (GLD)
Kanundrum Capital Owns April Gold Futures
Kanundrum Capital Is Short (EWY)
Kanundrum Capital Is Long U.S. Dollars vs. Short Singapore Dollar
Kanundrum Capital Is Long U.S. Dollars vs. Short Yen
Kanundrum Capital Is Long U.S. Dollars vs. Short Euro
Kanundrum Capital Is Long British Pounds vs. Short U.S. Dollars
Kelly Owns (FXE) Puts
Kelly Owns (ELX) Calls
Kelly Owns (QLGC) Calls



CNBC.com with wires