JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for December 2017. Traffic in December increased 2.7 percent from December 2016, on a capacity increase of 4.4 percent.
Load factor for December 2017 was 82.7 percent, a decrease of 1.4 points from December 2016. JetBlue’s preliminary completion factor was 99.8 percent and its on-time (1) performance was 74.1 percent.
The following reflects revised guidance for the fourth quarter of 2017:
- Fourth quarter revenue per available seat mile (RASM) is expected to increase approximately 1.8% year-over-year.
- CASM ex-fuel growth is expected to include approximately $23 million of additional expenses associated with the $1,000 bonus for each Crewmember, which will raise our previously provided guidance by 2.0 percentage points.
- JetBlue expects fuel cost per gallon of $1.89 to $1.92 in the fourth quarter.
JETBLUE AIRWAYS TRAFFIC RESULTS
|December 2017||December 2016||% Change|
|Revenue passenger miles (000)||4,079,287||3,970,702||2.7||%|
|Available seat miles (000)||4,931,590||4,721,577||4.4||%|
|Load factor||82.7||%||84.1||%||(1.4) pts.|
|Average stage length (miles)||1,091||1,087||0.4||%|
|Y-T-D 2017||Y-T-D 2016||% Change|
|Revenue passenger miles (000)||47,239,706||45,618,635||3.6||%|
|Available seat miles (000)||56,007,224||53,619,536||4.5||%|
|Load factor||84.3||%||85.1||%||(0.8) pts.|
|Average stage length (miles)||1,072||1,093||(1.9||)%|
(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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