JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for June 2017. Traffic in June increased 3.2 percent from June 2016, on a capacity increase of 4.0 percent.
Load factor for June 2017 was 85.5 percent, a decrease of 0.7 points from June 2016. JetBlue’s preliminary completion factor was 97.5 percent and its on-time (1) performance was 60.6 percent. Second quarter revenue per available seat mile (RASM) is expected to increase approximately 7 percent compared to the second quarter of 2016. Second quarter RASM was positively impacted by 1.25 points due to lower completion factor and incentive payments related to the JetBlue co-branded credit card.
JETBLUE AIRWAYS TRAFFIC RESULTS | ||||||||||
| June 2017 | June 2016 | % Change | ||||||||
| Revenue passenger miles (000) | 4,078,977 | 3,953,711 | 3.2 | % | ||||||
| Available seat miles (000) | 4,772,790 | 4,587,583 | 4.0 | % | ||||||
| Load factor | 85.5 | % | 86.2 | % | (0.7) pts. | |||||
| Revenue passengers | 3,453,493 | 3,286,059 | 5.1 | % | ||||||
| Departures | 30,213 | 28,686 | 5.3 | % | ||||||
| Average stage length (miles) | 1,066 | 1,098 | (2.9 | )% | ||||||
| Y-T-D 2017 | Y-T-D 2016 | % Change | ||||||||
| Revenue passenger miles (000) | 23,532,265 | 22,528,737 | 4.5 | % | ||||||
| Available seat miles (000) | 27,825,578 | 26,625,661 | 4.5 | % | ||||||
| Load factor | 84.6 | % | 84.6 | % | 0 pts. | |||||
| Revenue passengers | 20,023,852 | 18,778,455 | 6.6 | % | ||||||
| Departures | 175,959 | 166,524 | 5.7 | % | ||||||
| Average stage length (miles) | 1,074 | 1,103 | (2.6 | )% | ||||||
| (1) | The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule. | |
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 38 million customers a year to 101 cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights. For more information please visit jetblue.com.
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