NEW YORK--(BUSINESS WIRE)--
JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for December 2017. Traffic in December increased 2.7 percent from December 2016, on a capacity increase of 4.4 percent.
Load factor for December 2017 was 82.7 percent, a decrease of 1.4 points from December 2016. JetBlue’s preliminary completion factor was 99.8 percent and its on-time (1) performance was 74.1 percent.
The following reflects revised guidance for the fourth quarter of 2017:
- Fourth quarter revenue per available seat mile (RASM) is expected to increase approximately 1.8% year-over-year.
- CASM ex-fuel growth is expected to include approximately $23 million of additional expenses associated with the $1,000 bonus for each Crewmember, which will raise our previously provided guidance by 2.0 percentage points.
- JetBlue expects fuel cost per gallon of $1.89 to $1.92 in the fourth quarter.
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JETBLUE AIRWAYS TRAFFIC RESULTS |
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| December 2017 | December 2016 | % Change | |||||||||||
| Revenue passenger miles (000) | 4,079,287 | 3,970,702 | 2.7 | % | |||||||||
| Available seat miles (000) | 4,931,590 | 4,721,577 | 4.4 | % | |||||||||
| Load factor | 82.7 | % | 84.1 | % | (1.4) pts. | ||||||||
| Revenue passengers | 3,430,346 | 3,376,983 | 1.6 | % | |||||||||
| Departures | 30,659 | 29,667 | 3.3 | % | |||||||||
| Average stage length (miles) | 1,091 | 1,087 | 0.4 | % | |||||||||
| Y-T-D 2017 | Y-T-D 2016 | % Change | |||||||||||
| Revenue passenger miles (000) | 47,239,706 | 45,618,635 | 3.6 | % | |||||||||
| Available seat miles (000) | 56,007,224 | 53,619,536 | 4.5 | % | |||||||||
| Load factor | 84.3 | % | 85.1 | % | (0.8) pts. | ||||||||
| Revenue passengers | 40,038,090 | 38,263,104 | 4.6 | % | |||||||||
| Departures | 353,681 | 337,302 | 4.9 | % | |||||||||
| Average stage length (miles) | 1,072 | 1,093 | (1.9 | )% | |||||||||
(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 Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 40 million customers a year to 101 cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights. For more information please visit jetblue.com.
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