Market Overview

JetBlue Airways Reports June Traffic

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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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