JetBlue Airways (JBLU) Load Factor Rose 0.4 Points in August 2016

September 13, 2016 8:01 AM EDT

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JetBlue Airways Corporation (Nasdaq: JBLU) reported its preliminary traffic results for August 2016. Traffic in August increased 6.2 percent from August 2015, on a capacity increase of 5.7 percent.

Load factor for August 2016 was 87.4 percent, an increase of 0.4 points from August 2015. JetBlue’s preliminary completion factor was 98.7 percent and its on-time (1) performance was 73.0 percent. JetBlue’s preliminary revenue per available seat mile (RASM) for the month of August decreased approximately five and a half percent year over year. For the third quarter of 2016, RASM is expected to decrease between three and four percent year over year.

JETBLUE AIRWAYS TRAFFIC RESULTS

August 2016 August 2015 % Change
Revenue passenger miles (000) 4,211,755 3,966,602 6.2%
Available seat miles (000) 4,820,083 4,558,901 5.7%
Load factor 87.4% 87.0% 0.4 pts.
Revenue passengers 3,505,253 3,283,266 6.8%
Departures 30,162 28,903 4.4%
Average stage length (miles) 1,097 1,104 -0.6%
Y-T-D 2016 Y-T-D 2015 % Change
Revenue passenger miles (000) 31,001,452 28,058,840 10.5%
Available seat miles (000) 36,296,137 32,810,570 10.6%
Load factor 85.4% 85.5% -0.1 pts.
Revenue passengers 25,812,859 23,555,460 9.6%
Departures 226,751 211,404 7.3%
Average stage length (miles) 1,103 1,095 0.7%

(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.



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