During its quarterly call with investors, JetBlue announced it has found a new partner for its co-branded credit cards.
Going forward, the JetBlue card will come issued by BarclayCard and be processed on the MasterCard network.
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The deal follows a high-profile split with the airline’s last card partner, American Express, though that deal is set to expire at the end of the year. The details of the new offering have not been disclosed.
The card news came with an announced strong quarter for JetBlue, largely pushed forward by low fuel costs.
The airline saw revenue increase by 10 percent to $1.69 billion, while unit revenue — the amount it takes in per seat flown a mile — came down about 0.6 percent when compared to the same time a year ago. While no slide is good news, JetBlue’s is rather modest given the 6 percent to 8 percent other airlines have been posting recently. Load factor — the percentage of filled seats — fell by almost a full percentage point to 85.3 percent.
All in, the firm posted a profit of $198 million, or $0.58 a share, up from $79 million, or $0.27 a share, from this time last year.
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