JetBlue Airways (JBLU) Reports August Load Factor of 88.3%

JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for August 2014. Traffic in August increased 6.7 percent from August 2013, on a capacity increase of 4.9 percent.

Load factor for August 2014 was 88.3 percent, an increase of 1.5 points from August 2013. JetBlue's preliminary completion factor was 99.4 percent and its on-time (1) performance was 77.4 percent. JetBlue's preliminary passenger revenue per available seat mile (PRASM) for the month of August increased four percent year over year. For the third quarter of 2014, PRASM is expected to increase between two and three percent year over year.

JETBLUE AIRWAYS TRAFFIC RESULTS

                           August 2014        August 2013          % Change 

                                                                            

Revenue passenger                                                           

 miles (000)                 3,718,923          3,484,015               6.7%

                                                                            

Available seat miles                                                        

 (000)                       4,210,974          4,016,063               4.9%

                                                                            

Load factor                       88.3%              86.8%         1.5 pts. 

                                                                            

Revenue passengers           3,131,183          2,928,154               6.9%

                                                                            

Departures                      27,420             26,268               4.4%

                                                                            

Average stage length             1,093              1,093               0.0%

                                                                            

                            Y-T-D 2014         Y-T-D 2013          % Change 

                                                                            

Revenue passenger                                                           

 miles (000)                25,686,255         24,626,898               4.3%

                                                                            

Available seat miles                                                        

 (000)                      30,177,569         28,917,326               4.4%

                                                                            

Load factor                       85.1%              85.2%       (0.1) pts. 

                                                                            

Revenue passengers          21,732,319         20,930,564               3.8%

                                                                            

Departures                     197,574            190,058               4.0%

                                                                            

Average stage length             1,092              1,091               0.1%

(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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