After of traffic growth in Mar 2013,
) experienced another month of rising traffic across its network.
For the month of Apr 2013, the carrier reported airline traffic -
measured in revenue passenger miles or RPMs, of 2.99 billion, up
4.7% year over year. Consolidated capacity (or available seat
miles/ASMs) was also up 6.5% year over year at 3.58 billion.
The load factor or percentage of seats filled by passengers
was 83.7%, down 150 basis points. Passenger revenue per available
seat mile (PRASM) also decreased 9.0% year over year. The company
registered a completion factor of 99.2%, with on-time performance
For the four-month period ended Apr 2013, JetBlue Airways
generated RPMs of 11.50 (up 6.8% year over year) and ASMs of
13.72 billion (up 6.4% year over year), on a consolidated basis.
Load factor was 83.8%, reflecting an improvement of 30 basis
points from the corresponding prior-year month.
JetBlue Airways is in constant endeavor to expand and broaden
its operating base. Last week, the company added a new city -
Worcester, MA - to its growing perimeter. Starting Nov 7, the
company will fly daily jets from Worcester to Fort Lauderdale and
The company also announced plans to reach its 49th destination
from the Logan International Airport, 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 the U.S., Caribbean and Latin
America. Management targets to increase the number of flights to
150 in the next 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
hold a strong position within the industry amid big players such
Delta Air Lines Inc.
United Continental Holdings Inc.
) as well as the popular low fare airline
Southwest Airlines Co.
JetBlue Airways currently carries a Zacks Rank #3 (Hold).
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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