20-year outlook projects 41,000+ new airplanes, valued at $6.1 trillion - 3.6 percent increase over 2016 forecast
JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for May 2017. Traffic in May increased 3.8 percent from May 2016, on a capacity increase of 3.7 percent.
Passenger traffic (RPKs) increased 20.4% compared to May 2016 on a capacity increase (ASKs) of 20.0%. As a result, load factor was 79.8%, 0.2 percentage points higher than in the same period last year.
SkyWest, Inc., (NASDAQ: SKYW) today reported 155,758 block hours in May 2017, compared to 164,955 block hours in May 2016, a decrease of 9,197 or 5.6%. The net decrease was consistent with SkyWest's fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.