Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



JetBlue October Key Operating Metrics Rise

JetBlue's¬† (NASDAQ: JBLU  ) October saw the airline post double-digit rises in certain significant operating figures. The company this week released its metrics for the month, ¬†revealing that revenue passenger miles grew to 2.72 billion, up just over 7% compared to October 2012's number.

Available seat miles saw a higher climb, rising almost 11% over the same time frame to 3.34 billion. The total number of revenue passengers also advanced, by 6% on a year-over-year basis to 2.33 million.

The only major metric that went down over the period was the company's load factor (i.e., the average "occupancy" of its planes). This past October, the figure was 81.4%, a 2.9-percentage-point decline from the 84.3% recorded in the same month last year.

The improved numbers should add to the generally bullish sentiment on JetBlue's shares of late. On Tuesday, the stock traded as much as 11% higher on the day, following the government's approval of the merger of American Airlines owner AMR with US Airways. One condition of the approval is that the two latter airlines will have to reduce their presence at two key Northeast airports, New York's LaGuardia and Washington, D.C.'s Reagan National. JetBlue is considered to be a leading candidate to obtain many of the slots vacated by its new rival.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2724922, ~/Articles/ArticleHandler.aspx, 9/28/2016 11:46:22 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,203.37 -24.93 -0.14%
S&P 500 2,152.90 -7.03 -0.33%
NASD 5,290.13 -15.58 -0.29%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 11:30 AM
JBLU $17.79 Up +0.46 +2.65%
JetBlue Airways CAPS Rating: ****