logo
  Join        Login             Stock Quote

Jetblue Airways (JBLU) April Traffic Grows 14.5%

 May 10, 2012 03:24 PM
 


JetBlue Airways Corp. (NASDAQ:JBLU) reported an increase in preliminary traffic, capacity and load factor for the month of April, due to a rise in passengers and trips flown.

Revenue passenger miles, or traffic, grew 14.5% to 2.86 billion, while capacity measured in terms of available seat miles increased 7.1% to 3.36 billion. Load factor rose 5.5 percentage points to 85.2%.

Revenue passengers carried for the month of April grew 13.3% to 2.476 million. Average stage length for April marginally declined 0.2% to 1,084 from 1,086, while departures increased 7.9% to 22,262.

JetBlue's preliminary completion factor was 99.9% and its on-time performance was 86.7%.

[Related -Why I'm Eyeing Airline Stocks]

JetBlue's preliminary passenger revenue per available seat mile (PRASM) for the month of April increased 9% year over year. For the month of May, PRASM is expected to increase between 3% and 4% year over year.

For the year-to-date of 2012, traffic grew 14.3% to 10.77 billion while capacity increased 10.7% to 12.89 billion. Load factor rose 2.6 percentage points to 83.5%.

Revenue passengers carried for the year-to-date grew 13.4% to 9.33 million. Average stage length for the year-to-date rose 0.1% to 1,079, while departures increased 11.0% to 85,808.

JBLU is trading down 0.40% at $4.71 on Thursday. The stock has been trading between $3.40 and $6.38 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageBuy These Solar Stocks Before They Snapback

Sometimes the market hands you a gift. And it would be foolish not to take it. Thanks to general market read on...

article imageInvestors Are Even More Euphoric And Confident.

As noted on the blog last Thursday, even though the market had been down for three straight weeks, last read on...

article imageThe Butterfly Machine

There’s a phenomenon called the Butterfly Effect. One common quotation is “It has been said that something read on...

article imageWhy Gold Is Undervalued

Gold has been in a bear market for three years. Technical analysts are asking themselves whether they read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Is Europe Ready To Take Off?
More Articles on: Transportation



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.