Shares of JetBlue Airways (JBLU) soared Wednesday after the airline improved its revenue estimate for the current quarter and full yℱear, attributing the upgrades to a post-election travel surge.

The carrier said in a regulatory filing Wednesday that it now sees fourth-quarter revenue down 2% to 5%, versus its previous outlook from late October forecasting a drop of 3% to 7% for the quarter ending Dec. 31. JetBlue expects a full-year revenue decline of 3.5% to 4.5%, compared with the earlier-predicted 4% to 5%.

End-of-Year 'Revenue Headwind' Reduced After Election

The company explained that its booking performance for travel in November and December “was higher than expectations immediately following the 澳洲幸运5官方开奖结果体彩网:U.S. presidential election.” It said because of that, the “fourth quarter revenue headwind from the election is now estimated to b🌳e 0.5 points compared to the previous forecast of 1.0 point.”

In addition, JetBlue noted that a strong 澳洲幸运5官方开奖结果体彩网:Thanksgiving week performance resulted in better-than-anticipated revenue during that November holiday peak. It also said that for December travel, in-quarter bookings were higher than initially thoug𝓀htᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ.

JetBlue Airways shares gained nearly 8% in midday trading Wednesday, rising to $6.53, and are up about 17.6% year-to-date after a volatile year for the stock pri✤ce.