jetBlue reports June Traffic
Good news coming out of jetBlue for June with increased traffic. Yields should be positive as well for the quarter. Unlike other airlines jetBlue reacted quickly to a negative revenue situation and now looks to be moving in the right direction.
Quote:
JetBlue Airways Reports June Traffic
NEW YORK, July 7, 2006 (PRIMEZONE) -- JetBlue Airways Corporation (Nasdaq:JBLU) reported today that its traffic in June increased 11.4 percent from June 2005, on a capacity increase of 20.8 percent.
Load factor for June 2006 was 82.1 percent, a decrease of 6.9 points from June 2005. JetBlue's preliminary completion factor was 99.8 percent and its on-time(1) performance was 71.1 percent. "We continue to experience revenue improvement as evidenced by June's preliminary passenger revenue per available seat mile increase of 16 percent year over year, driven by the positive changes made to our revenue management process. Pricing our inventory in order to achieve a higher yield at a reduced load factor is giving us the positive results we are aiming for."
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.
JETBLUE AIRWAYS TRAFFIC RESULTS
June 2006 June 2005 % Change
Revenue passenger miles (000) 1,997,663 1,793,823 11.4
Available seat miles (000) 2,433,919 2,014,568 20.8
Load factor 82.1% 89.0% (6.9) pts.
Revenue passengers 1,499,206 1,240,043 20.9
Departures 12,552 9,012 39.3
Average stage length 1,273 1,433 (11.2)
Y-T-D 2006 Y-T-D 2005 % Change
Revenue passenger miles (000) 11,459,967 9,559,217 19.9
Available seat miles (000) 13,779,414 11,014,853 25.1
Load factor 83.2% 86.8% (3.6) pts.
Revenue passengers 8,859,638 7,095,992 24.9
Departures 72,105 53,019 36.0
Average stage length 1,249 1,332 (6.2)
SOURCE: JetBlue Airways Corporation
