Join        Login             Stock Quote

Jetblue Airways (JBLU) Traffic, Load Factor Up for October; Capacity Flat

 November 15, 2012 02:39 PM

(By Balachander) JetBlue Airways Corp. (NASDAQ: JBLU) reported an increase in traffic and load factor for the month of October, while capacity was flat.

The New York-based airliner said revenue passenger miles (RPMs) - a measure of traffic - rose 1.0 percent to 2.54 billion from the year-ago period. Available seat miles (ASMs) - a measure of capacity - remained unchanged at 3.00 billion.

Load factor, or the percentage of seats filled, rose 0.8 points to 84.3 percent last month from 83.5 percent a year earlier.

The airliner estimates Hurricane Sandy reduced passenger revenue by roughly $20 million in October.

[Related -Why I'm Eyeing Airline Stocks]

JetBlue said its preliminary completion factor was 92.9 percent and its on-time performance was 74.1 percent.

The airline's preliminary passenger revenue per available seat mile (PRASM) increased 2 percent last month.

For the year-to-date period, RPMs increased 10 percent and ASMs rose 7.8 percent. Load factor added 1.8 points to 84.4 percent.

Looking ahead for November, JetBlue expects passenger to be reduced by around $20 million to $25 million primarily due to slow demand recovery in the wake of the Sandy storm. PRASM is expected to decline between 3 percent and 4 percent.

JBLU shares, which have been trading in the range of $3.40 to $6.32 for the past 52 weeks, gained 1.51 percent to trade at $5.05 on Thursday.

iOnTheMarket Premium


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

rss feed

Latest Stories

article imageSavings Glut and Financial Imbalances

Martin Wolf in today's Financial Times discusses the reasons for low interest rates and suggests some read on...

article imageA Dividend Aristocrat Is Now On Sale

The bear market investors have been dreading is already here for many individual stocks. While the S&P 500 read on...

article imageTwo Picks to Play Defense in a Slowing Economy

Is the economy slowing? Last Thursday the Institute for Supply Management (ISM) reported that its read on...

article imageUS Jobless Claims Fall, Moving Closer To Multi-Decade Low… Again

US jobless claims continue to cast a positive glow on the outlook for the labor market. Today’s weekly read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

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

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.