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JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for December 2019. Traffic in December 2019 increased 5.7 percent from December 2018, on a capacity increase of 4.4 percent. Load factor for December 2019 was 82.4 percent, an increase of 1.0 points from December 2018. JetBlue's preliminary completion factor for December 2019 was 99.3 percent and its on-time (1) performance was 66.7 percent.
Fourth quarter revenue per available seat mile (RASM) is expected to decrease approximately 2.7 percent year-over-year.
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JETBLUE AIRWAYS TRAFFIC RESULTS | ||||||
| December 2019 | December 2018 | % Change | |||
Revenue passenger miles (000) | 4,603,228 |
| 4,354,643 |
| 5.7 | % |
Available seat miles (000) | 5,587,522 |
| 5,352,847 |
| 4.4 | % |
Load factor | 82.4 | % | 81.4 | % | 1.0 pts. | |
Revenue passengers | 3,626,992 |
| 3,536,377 |
| 2.6 | % |
Departures | 31,356 |
| 31,658 |
| (1.0 | )% |
Average stage length (miles) | 1,161 |
| 1,128 |
| 2.9 | % |
|
|
|
| |||
| Y-T-D 2019 | Y-T-D 2018 | % Change | |||
Revenue passenger miles (000) | 53,616,780 |
| 50,790,104 |
| 5.6 | % |
Available seat miles (000) | 63,840,680 |
| 59,880,815 |
| 6.6 | % |
Load factor | 84.0 | % | 84.8 | % | -0.8 pts. | |
Revenue passengers | 42,727,694 |
| 42,149,989 |
| 1.4 | % |
Departures | 368,355 |
| 366,619 |
| 0.5 | % |
Average stage length (miles) | 1,140 |
| 1,096 |
| 4.0 | % |
(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 nearly 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. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20200113005866/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.