) experienced traffic growth across its network for the month of
DELTA AIR LINES (DAL): Free Stock Analysis
JETBLUE AIRWAYS (JBLU): Free Stock Analysis
SOUTHWEST AIR (LUV): Free Stock Analysis
UNITED CONT HLD (UAL): Free Stock Analysis
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The carrier reported airline traffic - measured in revenue
passenger miles or RPMs, of 2.99 billion, up 9.4% year over year.
Consolidated capacity (or available seat miles/ASMs) was also up
9.0% year over year at 3.51 billion.
The load factor or percentage of seats filled by passengers was
85.1%, up 30 basis points. Passenger revenue per available seat
mile (PRASM) increased 1.0% year over year. The company
registered a completion factor of 99.6%, with on-time performance
For the five-month period ended May 2013, JetBlue Airways
generated RPMs of 14.49 (up 7.3% year over year) and ASMs of
17.23 billion (up 6.9% year over year), on a consolidated basis.
Load factor was 84.1%, reflecting an improvement of 30 basis
points from the corresponding prior-year month.
We believe that JetBlue Airways is benefiting from growing travel
demand, schedule redesigning and route expansion. The company is
making continued progress in expanding its product and service
offerings on board and on the ground to aid growth in ancillary
revenues along with enhanced ticket pricing flexibility.
For the months ahead, the company expects the Latin American
market to drive its growth momentum with already four
destinations in the region, the latest being Lima. JetBlue is
also banking heavily on the new services offered from Hartford to
two new Floridian destinations - Fort Myers and Tampa - to
register more passengers in the coming days.
JetBlue Airways - which operates with big players such as
Delta Air Lines Inc.
United Continental Holdings Inc.
) as well as the popular low fare airline
Southwest Airlines Co.
) - currently carries a Zacks Rank #3 (Hold).