JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for June 2019. Traffic in June increased 4.7 percent from June 2018, on a capacity increase of 4.8 percent. Load factor for June 2019 was 86.9 percent, a decrease of 0.1 points from June 2018. JetBlue’s preliminary completion factor for June 2019 was 99.5 percent and its on-time (1) performance was 70.1 percent.
Second quarter revenue per available seat mile (RASM) is expected to increase approximately 3.1 percent year-over-year. This is consistent with our revised guidance range of 2.0 to 4.0 percent.
JETBLUE AIRWAYS TRAFFIC RESULTS | |||||||||
June 2019 | June 2018 | % Change | |||||||
Revenue passenger miles (000) | 4,607,576 | 4,398,796 | 4.7 | % | |||||
Available seat miles (000) | 5,301,544 | 5,056,747 | 4.8 | % | |||||
Load factor | 86.9 | % | 87.0 | % | -0.1 pts. | ||||
Revenue passengers | 3,669,778 | 3,680,435 | (0.3 | )% | |||||
Departures | 30,815 | 31,344 | (1.7 | )% | |||||
Average stage length (miles) | 1,143 | 1,082 | 5.6 | % | |||||
Y-T-D 2019 | Y-T-D 2018 | % Change | |||||||
Revenue passenger miles (000) | 26,515,960 | 24,908,668 | 6.5 | % | |||||
Available seat miles (000) | 31,466,070 | 29,162,399 | 7.9 | % | |||||
Load factor | 84.3 | % | 85.4 | % | -1.1 pts. | ||||
Revenue passengers | 21,191,206 | 20,803,596 | 1.9 | % | |||||
Departures | 182,276 | 179,734 | 1.4 | % | |||||
Average stage length (miles) | 1,150 | 1,093 | 5.2 | % | |||||
(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 42 million customers a year to 100+ cities in the U.S., Caribbean, and Latin America with an average of more than 1,000 daily flights. For more information, please visit jetblue.com.
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