JetBlue Airways (JBLU) Reports August Traffic, CEO Comments
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JetBlue Airways (Nasdaq: JBLU) reported today that its traffic in August increased 11.6%from August 2005, on a capacity increase of 20.1%.
Load factor for August 2006 was 83.7%, a decrease of 6.4 points from August 2005. JetBlue's completion factor was 99.6% and its on-time(1) performance was 75.8%.
"Our revenue performance in August was not as strong as anticipated, due in part to the impact of security-related concerns and Tropical Storm Ernesto, as well as overall lower-than-expected demand toward the end of the month," said David Neeleman, CEO of JetBlue. "Nonetheless, we achieved a 15.0% increase in preliminary PRASM in the face of capacity growth of 20%."
Load factor for August 2006 was 83.7%, a decrease of 6.4 points from August 2005. JetBlue's completion factor was 99.6% and its on-time(1) performance was 75.8%.
"Our revenue performance in August was not as strong as anticipated, due in part to the impact of security-related concerns and Tropical Storm Ernesto, as well as overall lower-than-expected demand toward the end of the month," said David Neeleman, CEO of JetBlue. "Nonetheless, we achieved a 15.0% increase in preliminary PRASM in the face of capacity growth of 20%."
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