U.S. Markets close in 33 mins

JetBlue traffic and revenue climb in March

NEW YORK (AP) -- JetBlue Airways Corp. said Thursday that its traffic increased nearly 13 percent in March as it continued to add new flights.

The New York airline also said a key revenue figure rose last month, an indication of higher fares. Passenger revenue per available seat mile — how much money the airline makes to fly a passenger a single mile — rose 8 percent compared with last March.

JetBlue said it flew paying passengers 2.95 billion miles last month, up from 2.63 billion miles a year earlier. It expanded the number of available seats, or its capacity, by 9 percent.

Despite more seats, flights were fuller because there were more passengers. Average occupancy rose by 2.7 percentage points to 86.3 percent. The total number of JetBlue passengers was up 11 percent from a year ago.

About 80 percent of JetBlue flights were on time last month. That's down from both January and February.

JetBlue shares rose 9 cents, about 2 percent, to $4.70 in afternoon trading.