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JetBlue Airways (JBLU) December Traffic, Capacity Up 6 Pct; Load Factor Falls

 January 11, 2013 02:24 PM
 


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

The New York-based airliner said revenue passenger miles (RPMs) - a measure of traffic - rose 6.1 percent to about 2.87 billion from the year-ago period. Available seat miles (ASMs) - a measure of capacity - also increased 6.1 percent to around 3.58 billion.

Load factor, or the percentage of seats filled, fell 0.1 points to 80.1 percent last month from 80.2 percent a year earlier.

JetBlue said its preliminary completion factor was 99.6 percent and its on-time performance was 70.2 percent.

[Related -Why I'm Eyeing Airline Stocks]

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

For the year-to-date period, RPMs jumped 9.3 percent and ASMs rose 7.6 percent. Load factor added 1.4 points to 83.8 percent.

JBLU shares, which have been trading in the range of $4.06 to $6.32 for the past 52 weeks, gained 0.52 percent to trade at $5.84 on Friday.

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