JetBlue Airways Reports February Traffic
March 12 2014 - 1:15PM
Marketwired
JetBlue Airways Reports February Traffic
NEW YORK, NY--(Marketwired
- March 12, 2014) - JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic
results for February 2014. Traffic in February increased 5.2
percent from February 2013, on a capacity increase of 6.3
percent.
Load factor for February 2014 was 81.6 percent, a decrease of
0.8 points from February 2013. JetBlue's preliminary completion
factor was 94.5 percent and its on-time (1) performance was 64.6
percent. JetBlue's preliminary passenger revenue per available seat
mile (PRASM) for the month of February increased seven percent year
over year, which includes a positive impact of approximately one
point from February 2014's winter storms. For the first quarter of
2014, PRASM is expected to increase between one and two percent
year over year.
JETBLUE AIRWAYS TRAFFIC RESULTS
|
February 2014 |
|
February 2013 |
|
%
Change |
|
|
|
|
|
|
Revenue passenger miles (000) |
2,638,242 |
|
2,507,930 |
|
5.2% |
|
|
|
|
|
|
Available seat miles (000) |
3,234,587 |
|
3,044,046 |
|
6.3% |
|
|
|
|
|
|
Load factor |
81.6% |
|
82.4% |
|
(0.8)
pts. |
|
|
|
|
|
|
Revenue passengers |
2,233,288 |
|
2,166,729 |
|
3.1% |
|
|
|
|
|
|
Departures |
21,090 |
|
20,082 |
|
5.0% |
|
|
|
|
|
|
Average stage length |
1,100 |
|
1,091 |
|
0.8% |
|
|
|
|
|
|
|
Y-T-D
2014 |
|
Y-T-D
2013 |
|
%
Change |
|
|
|
|
|
|
Revenue passenger miles (000) |
5,423,096 |
|
5,296,651 |
|
2.4% |
|
|
|
|
|
|
Available seat miles (000) |
6,599,692 |
|
6,458,310 |
|
2.2% |
|
|
|
|
|
|
Load factor |
82.2% |
|
82.0% |
|
0.2
pts. |
|
|
|
|
|
|
Revenue passengers |
4,577,241 |
|
4,554,420 |
|
0.5% |
|
|
|
|
|
|
Departures |
43,076 |
|
42,627 |
|
1.1% |
|
|
|
|
|
|
Average stage length |
1,098 |
|
1,090 |
|
0.7% |
(1) The U.S. Department of Transportation considers on-time
arrivals to be those domestic flights arriving within 14 minutes of
schedule.
JetBlue is New York's Hometown AirlineTM with other focus cities
in Boston, Fort Lauderdale/Hollywood, Los Angeles/Long Beach,
Orlando and San Juan. JetBlue carries more than 30 million
customers a year to 85 cities in the U.S., Caribbean and Latin
America with an average of 800 daily flights. JetBlue was the first
U.S. airline to allow customers to use their personal electronic
devices throughout all domestic flights. With JetBlue, all seats
are assigned, all fares are one-way, an overnight stay is never
required and the first checked bag is free (subject to weight and
size limits and exceptions for itineraries including flights
marketed or operated by other airlines). For more information
please visit JetBlue.com.
This press release contains statements of a forward-looking
nature which represent our management's beliefs and assumptions
concerning future events. When used in this document and in
documents incorporated herein by reference, the words "expects,"
"plans," "anticipates," "indicates," "believes," "forecast,"
"guidance," "outlook," "may," "will," "should," "seeks," "targets"
and similar expressions are intended to identify forward-looking
statements. Forward-looking statements involve risks, uncertainties
and assumptions, and are based on information currently available
to us. Actual results may differ materially from those expressed in
the forward-looking statements due to many factors, including,
without limitation, our extremely competitive industry; volatility
in financial and credit markets which could affect our ability to
obtain debt and/or lease financing or to raise funds through debt
or equity issuances; increases and volatility in fuel prices,
maintenance costs and interest rates; our ability to implement our
growth strategy; our significant fixed obligations and substantial
indebtedness; our ability to attract and retain qualified personnel
and maintain our culture as we grow; our reliance on high daily
aircraft utilization; our dependence on the New York metropolitan
market and the effect of increased congestion in this market; our
reliance on automated systems and technology; our being subject to
potential unionization, work stoppages, slowdowns or increased
labor costs; our reliance on a limited number of suppliers; our
presence in some international emerging markets that may experience
political or economic instability or may subject us to legal risk;
reputational and business risk from information security breaches;
changes in or additional government regulation; changes in our
industry due to other airlines' financial condition; a continuance
of the economic recessionary conditions in the U.S. or a further
economic downturn leading to a continuing or accelerated decrease
in demand for domestic and business air travel; and external
geopolitical events and conditions. Further information concerning
these and other factors is contained in the Company's Securities
and Exchange Commission filings, including but not limited to, the
Company's 2013 Annual Report on Form 10-K. We undertake no
obligation to update any forward-looking statements to reflect
events or circumstances that may arise after the date of this
release.
CONTACTSJetBlue Investor Relations Tel: +1 718 709
2202ir@jetblue.comJetBlue Corporate Communications Tel: +1 718 709
3089corpcomm@jetblue.com
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