JetBlue to double share buyback as checked bag fees boost revenue

JetBlue Airways Corp on Tuesday said it was earning more than expected from checked bag fees and higher-priced fares and it plans to double the money it will return to shareholders via stock buybacks. The New York-based airline said new fares and fees for add-ons it rolled out last year, including a $20 checked bag charge for its lowest-fare customers, generated an expected $260 million in 2016, compared with a prior forecast of $200 million. JetBlue also said it planned to increase flight capac