JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for August 2014. Traffic in August increased 6.7 percent from August 2013, on a capacity increase of 4.9 percent.
Load factor for August 2014 was 88.3 percent, an increase of 1.5 points from August 2013. JetBlue’s preliminary completion factor was 99.4 percent and its on-time (1) performance was 77.4 percent. JetBlue’s preliminary passenger revenue per available seat mile (PRASM) for the month of August increased four percent year over year. For the third quarter of 2014, PRASM is expected to increase between two and three percent year over year.
JETBLUE AIRWAYS TRAFFIC RESULTS
| August 2014 | August 2013 | % Change | ||||
| Revenue passenger miles (000) | 3,718,923 | 3,484,015 | 6.7 | % | ||
| Available seat miles (000) | 4,210,974 | 4,016,063 | 4.9 | % | ||
| Load factor | 88.3 | % | 86.8 | % | 1.5 pts. | |
| Revenue passengers | 3,131,183 | 2,928,154 | 6.9 | % | ||
| Departures | 27,420 | 26,268 | 4.4 | % | ||
| Average stage length | 1,093 | 1,093 | 0.0 | % | ||
| Y-T-D 2014 | Y-T-D 2013 | % Change | ||||
| Revenue passenger miles (000) | 25,686,255 | 24,626,898 | 4.3 | % | ||
| Available seat miles (000) | 30,177,569 | 28,917,326 | 4.4 | % | ||
| Load factor | 85.1 | % | 85.2 | % | (0.1) pts. | |
| Revenue passengers | 21,732,319 | 20,930,564 | 3.8 | % | ||
| Departures | 197,574 | 190,058 | 4.0 | % | ||
| Average stage length | 1,092 | 1,091 | 0.1 | % |
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.
Source / Author: JetBlue Airways Corporation