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JetBlue Airways (JBLU) Reports Increase in February Traffic

March 6, 2008 2:52 PM EST
JetBlue Airways Corporation (Nasdaq: JBLU) reported that its traffic in February increased 16.7% from February 2007, on a capacity increase of 21.5%.

Load factor for February 2008 was 76.8%, a decrease of 3.2 points from February 2007. JetBlue's preliminary completion factor was 97.7% and its on-time (1) performance was 67.8%. JetBlue's preliminary passenger revenue per available seat mile for the month of February increased 27% year over year. Approximately two-thirds of this increase was attributable to the impact of last year's ice storm when JetBlue cancelled approximately 1,200 flights, which resulted in a February 2007 completion factor of 90.9%. [SM]

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