JetBlue Airways said Thursday that it swung to a first-quarter profit of $3 million, or a penny a share, from a year-ago loss of $1 million, or less than a cent per share.

Revenue rose 16 percent to $1.01 billion from $871 million.

Analysts surveyed by FactSet Research expected earnings of two cents a share, on average, with sales of $989 million.

For the second quarter, the New York-based budget carrier said it expects its seat capacity to rise seven percent to nine percent from a year ago, with unit costs up three percent to five percent, excluding fuel. Including fuel, unit costs are expected to increase by 18 percent to 20 percent.

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