JetBlue Performance

JetBlue Airways Reports June 2018 Traffic

JetBlue

JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for June 2018. Traffic in June increased 7.8 percent from June 2017, on a capacity increase of 5.9 percent. Load factor for June 2018 was 87.0 percent, an increase of 1.5 points from June 2017. JetBlue’s preliminary completion factor was 99.0 percent and its on-time (1) performance was 73.8 percent.

The following reflects revised guidance for the second quarter of 2018:

  • Second quarter revenue per available seat mile (RASM) is expected to decrease approximately 1.2 percent year-over-year, consistent with the prior guidance range of (2.5) percent to (0.5) percent. As previously disclosed, second quarter RASM includes a 2.5 point headwind from holiday placement as well as a 1.25 point headwind from completion factor and co-brand incentive payments for the second quarter of 2017.
  • JetBlue expects fuel cost per gallon between $2.28 and $2.30 in the second quarter.
 

JETBLUE AIRWAYS TRAFFIC RESULTS

 
  June 2018   June 2017   % Change
Revenue passenger miles (000) 4,398,796 4,078,977 7.8 %
Available seat miles (000) 5,056,747 4,772,790 5.9 %
Load factor 87.0 % 85.5 % 1.5 pts.
Revenue passengers 3,680,435 3,453,493 6.6 %
Departures 31,344 30,213 3.7 %
Average stage length (miles) 1,082 1,066 1.5 %
 
Y-T-D 2018 Y-T-D 2017 % Change
Revenue passenger miles (000) 24,908,668 23,532,265 5.8 %
Available seat miles (000) 29,162,399 27,825,578 4.8 %
Load factor 85.4 % 84.6 % 0.8 pts.
Revenue passengers 20,803,596 20,023,852 3.9 %
Departures 179,734 175,959 2.1 %
Average stage length (miles) 1,093 1,074 1.8 %
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.
 



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