JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for September 2018. Traffic in September increased 18.5 percent from September 2017, on a capacity increase of 19.3 percent. Load factor for September 2018 was 79.7 percent, a decrease of 0.5 points from September 2017. JetBlues preliminary completion factor was 98.9 percent and its on-time (1) performance was 77.5 percent.
We have revised guidance for the third quarter of 2018. Revenue per available seat mile (RASM) is expected to increase by approximately 1.7 percent year-over-year, consistent with the prior guidance range of 1.0 to 3.0 percent. The updated third quarter RASM guidance was reduced by approximately 0.4 points related to three named storms within the JetBlue network during the month of September. The negative RASM impact from the storms was the result of refunds to impacted customers and temporarily softer bookings to certain destinations.
JETBLUE AIRWAYS TRAFFIC RESULTS
|September 2018||September 2017||% Change|
|Revenue passenger miles (000)||3,887,279||3,280,011||18.5||%|
|Available seat miles (000)||4,879,717||4,089,399||19.3||%|
|Load factor||79.7||%||80.2||%||-0.5 pts.|
|Average stage length (miles)||1,091||1,050||3.9||%|
|Y-T-D 2018||Y-T-D 2017||% Change|
|Revenue passenger miles (000)||38,271,431||35,712,264||7.2||%|
|Available seat miles (000)||44,712,921||42,131,491||6.1||%|
|Load factor||85.6||%||84.8||%||0.8 pts.|
|Average stage length (miles)||1,093||1,072||2.0||%|
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.
JetBlue is New York’s Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 40 million customers a year to 103 cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights. For more information please visit jetblue.com.
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