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JetBlue May Traffic Jumps 9.4%

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With capacity increasing 9% in the month of May, airline operator JetBlue (NASDAQ: JBLU  ) said today that its traffic jumped 9.4% from the year-ago period.

Per-seat passenger revenue was up 1%, which was in line with the airline operator's expectations of a 0% to 1% rise, while its load factor, or the utilization of total available capacity, was 85.1%, an incremental 0.3% increase from May 2012. It also noted its preliminary completion factor -- or the number of flights JetBlue completed in the month -- was 99.6%, while its on-time performance was 80.3% On-time performance is a Transportation Department measure of flights arriving within 14 minutes of its schedule. JetBlue's performance was better than that achieved in April, when fewer than three-quarters of its flights arrived on time.

Year to date, JetBlue has seen its revenue per passenger mile jump 7.3% over the same period last year while available seat miles were up 6.9% in the same time frame. It expects June's preliminary passenger revenue per available seat mile, or PRASM, to be flat year over year.


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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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Related Tickers

7/29/2015 3:59 PM
JBLU $22.93 Up +0.11 +0.48%
JetBlue Airways CAPS Rating: ****

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