JetBlue Airways Reports September Traffic

Published on : Thursday, October 12, 2017

JetBlue AirwaysJetBlue Airways Corporation reported its preliminary traffic results for September 2017. Traffic in September decreased 4.4 percent from September 2016, on a capacity decrease of 0.9 percent. Load factor for September 2017 was 80.2 percent, a decrease of 3.0 points from September 2016. JetBlue’s preliminary completion factor was 90.7 percent and its on-time (1) performance was 70.1 percent in September 2017. Third quarter revenue per available seat mile (RASM) is expected to increase approximately 0.9 percent year-over-year.

 

 

“Our thoughts are with all of those impacted by hurricanes in recent months,” said Robin Hayes, President and Chief Executive Officer of JetBlue. “The third quarter presented unprecedented weather challenges for JetBlue, with two of the largest hurricanes in our history impacting our network. We remain committed to the rebuilding efforts, particularly in Puerto Rico. We are confident that the adjustments we are making to our network will minimize any ongoing financial impact in 2018.”

 

 

Revised Guidance and Preliminary Impact of Hurricanes Irma and Maria on Third Quarter 2017
The following reflects the estimated operational and financial impact from hurricanes Irma and Maria combined, as well as revised guidance for the third quarter of 2017:

 

 

Preliminary Impact of Hurricanes Irma and Maria on Fourth Quarter 2017
For the fourth quarter of 2017 JetBlue projects the following financial and operating impact due to the hurricanes (JetBlue expects to provide fourth quarter guidance on October 24th, 2017):

 

 

The following table summarizes JetBlue’s preliminary estimates for impact of both storms combined:

PRELIMINARY 2017 STORM IMPACT

3Q 2017 4Q 2017 2017
Available seat miles (ASMs) (2.7%) (2.9%) (1.4%)
Revenue per ASM +0.3 pts (1.0) to (2.0) pts (0.25) to (0.50) pts
CASM ex-Fuel Approx. +2.75 pts Approx. +2.5 pts Approx. +1.5 pts
Revenue (millions) ($44) ($70) – ($90) ($114) – ($134)
Operating Income (millions) ($30) – ($35) ($50) – ($70) ($80) – ($105)
EPS Impact ($ cents) (6) – (7) (10) – (13) (16) – (20)

JETBLUE AIRWAYS TRAFFIC RESULTS

September 2017 September 2016 % Change
Revenue passenger miles (000) 3,280,011 3,432,671 (4.4 )%
Available seat miles (000) 4,089,399 4,125,193 (0.9 )%
Load factor 80.2 % 83.2 % (3.0) pts.
Revenue passengers 2,775,111 2,918,173 (4.9 )%
Departures 26,140 26,574 (1.6 )%
Average stage length (miles) 1,050 1,063 (1.2 )%
Y-T-D 2017 Y-T-D 2016 % Change
Revenue passenger miles (000) 35,712,264 34,434,123 3.7 %
Available seat miles (000) 42,131,491 40,421,330 4.2 %
Load factor 84.8 % 85.2 % (0.4) pts.
Revenue passengers 30,251,347 28,731,032 5.3 %
Departures 265,980 253,325 5.0 %
Average stage length (miles) 1,072 1,099 (2.5 )%

(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 38 million customers a year to 101 cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights.

 

Source:- Jetblue Airways

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