JetBlue Airways Corporation JBLU reported its preliminary traffic results for October 2012. Traffic in
October increased 1.0 percent from October 2011, as capacity remained
relatively flat.
Load factor for October 2012 was 84.3 percent, an increase of 0.8 points from
October 2011. JetBlue's preliminary completion factor was 92.9 percent and its
on-time (1) performance was 74.1 percent.
As a result of Hurricane Sandy, JetBlue cancelled approximately 1,700 flights
over a five day period. "Despite the devastation caused by the storm, our
crewmembers rose to the challenge and came to the aid of one another and our
customers," said Dave Barger, JetBlue's President and Chief Executive
Officer. "I am grateful for the dedication of our crewmembers in getting our
airline back to normal operations and taking care of our customers."
Given JetBlue's significant presence in the Northeast, JetBlue estimates
Hurricane Sandy reduced October passenger revenue by approximately $20
million. JetBlue's preliminary passenger revenue per available seat mile
(PRASM) for the month of October increased two percent year over year, which
includes a benefit of approximately two points due to Hurricane Sandy.
November passenger revenue is expected to be reduced by approximately $20 to
$25 million primarily due to slow demand recovery in the wake of the storm.
For the month of November, PRASM is expected to decrease between three and
four percent year over year.
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