Jetblue Airways Corp (JBLU) Misses Q1 EPS by 4c, Sales Beat
Jetblue Airways Corp (NASDAQ: JBLU) reported Q1 EPS of $0.05, $0.04 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.29 billion.
Revenue passenger miles for the first quarter increased 7.6% to 8.51 billion on a capacity increase of 6.3%, resulting in a first quarter load factor of 83.9%, an increase of 1.0 point year over year.
Yield per passenger mile in the first quarter was 13.95 cents, up 0.7% compared to the first quarter of 2012. Passenger revenue per available seat mile (PRASM) for the first quarter 2013 increased 1.8% year over year to 11.70 cents and operating revenue per available seat mile (RASM) increased 1.5% year over year to
"Thanks to the hard work of our dedicated crewmembers, we reported our twelfth consecutive quarter of profitability," said Dave Barger, JetBlue's President and Chief Executive Officer. "First quarter results were solid but below those of a year ago, primarily due to Hurricane Sandy-related demand weakness in the Northeast during the peak Presidents' Day travel period and higher than expected maintenance costs during the quarter. While the first quarter was challenging, we remain focused on achieving sustainable, profitable growth and are optimistic about the rest of the year."
For earnings history and earnings-related data on Jetblue Airways Corp (JBLU) click here.
Revenue passenger miles for the first quarter increased 7.6% to 8.51 billion on a capacity increase of 6.3%, resulting in a first quarter load factor of 83.9%, an increase of 1.0 point year over year.
Yield per passenger mile in the first quarter was 13.95 cents, up 0.7% compared to the first quarter of 2012. Passenger revenue per available seat mile (PRASM) for the first quarter 2013 increased 1.8% year over year to 11.70 cents and operating revenue per available seat mile (RASM) increased 1.5% year over year to
"Thanks to the hard work of our dedicated crewmembers, we reported our twelfth consecutive quarter of profitability," said Dave Barger, JetBlue's President and Chief Executive Officer. "First quarter results were solid but below those of a year ago, primarily due to Hurricane Sandy-related demand weakness in the Northeast during the peak Presidents' Day travel period and higher than expected maintenance costs during the quarter. While the first quarter was challenging, we remain focused on achieving sustainable, profitable growth and are optimistic about the rest of the year."
For earnings history and earnings-related data on Jetblue Airways Corp (JBLU) click here.