) posted high single-digit traffic growth for Mar 2013 on the
back of efficient operations and various strategic steps that are
bringing in more passengers.
DELTA AIR LINES (DAL): Free Stock Analysis
JETBLUE AIRWAYS (JBLU): Free Stock Analysis
SOUTHWEST AIR (LUV): Free Stock Analysis
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The company's airline traffic - measured in revenue passenger
miles or RPMs, which implies revenue generated per mile per
passenger - increased 8.6% year over year to 3.20 billion for the
month. Consolidated capacity (or available seat miles/ASMs) was
3.68 billion, up 7.5% from Mar 2012.
The load factor or percentage of seats filled by passengers was
87.1%, up 80 basis points. Passenger revenue per available seat
mile (PRASM) also improved 7.0% year over year. The company
registered a completion factor of 99.4%, with on-time performance
For the first three months of 2013, on a consolidated basis,
JetBlue Airways generated RPMs of 8.50 billion (up 7.6% year over
year) and ASMs of 10.14 billion (up 6.3% year over year). Load
factor was 83.9%, reflecting an improvement of 100 basis points
from the corresponding year prior year.
JetBlue Airways is in constant endeavor to expand and broaden its
operating base. Last week, the company added a new city -
Worcester, Massachusetts - to its growing perimeter. Starting Nov
7, the company will fly daily jets from Worcester to Fort
Lauderdale and Orlando.
The company also announced plans to reach its 49th destination
from the Logan International Airport at Boston. The airline will
bring its plan into effect by operating two daily flights from
Logan Airport to Houston's William P. Hobby Airport, starting Jul
Currently, JetBlue Airways operates over 100 daily flights from
Logan to destinations spanning across the U.S., Caribbean and
Latin America. Management targets to increase the number of
flights to 150 in the coming two years.
JetBlue Airways will also be the recipient of the first ever
US-assembled jets from Airbus. The low cost airline will receive
the deliveries of the aircraft from the new assembling facility,
which is expected to roll out its first fleet of the US-assembled
jets by 2016.
Supported by well-designed interiors, high-value services and
superior on-board entertainment options, JetBlue Airways aims to
holds a strong position within the industry amid big players such
Delta Air Lines Inc.
United Continental Holdings Inc.
) and the popular low fare airline
Southwest Airlines Co.
JetBlue Airways currently carries a Zacks Rank #4 (Sell).