) reported robust traffic results for Jan 2013, on the back of
higher capacity. The company's airline traffic - measured in
revenue passenger miles or RPMs, which implies revenue generated
per mile per passenger - increased 11.2% year over year to 2.78
billion in the reported month. Consolidated capacity (or
available seat miles/ASMs) was 3.41 billion, up 9.9% from Jan
The load factor or percentage of seats filled by passengers was
81.7%, up 100 basis points. Passenger revenue per available seat
mile (PRASM) remained flat year over year. The company registered
a completion factor of 99.7%, with on-time performance of 78.3%.
Additionally, JetBlue Airways attempts to increase its
coast-to-coast services through new flights. The company plans to
start second daily non-stop flights from San Francisco
International Airport (SFO) to Fort Lauderdale-Hollywood
International Airport. A second daily summer seasonal flight will
also start operating between SFO and Austin-Bergstrom
International Airport. Both the flights will be effective from
Long Island City, New York based JetBlue Airways delivered a
break-even fourth quarter 2012, missing the Zacks Consensus
Estimate earnings of 2 cents as well as the year-ago earnings of
8 cents per share. Total operating revenue climbed 4.2% year over
year to $1.19 billion, but lagged the Zacks Consensus Estimate of
The American low-cost air service firm - that operates with the
youngest and most fuel-efficient fleet among other major U.S.
airlines - provides high-quality customer service. For the coming
months, JetBlue Airways is well positioned for growth due to its
strong brand name, superior in-flight services, fuel hedging
strategy, strong liquidity positions and a non-unionized
However, rising fuel price, competitive pressures, and an
uncertain economic situation remains an overhang on the stock.
JetBlue Airways currently retains a Zacks Rank #3, implying a
Airline stocks to look out for in the coming days are
Delta Air Lines Inc.
Deutsche Lufthansa Aktiengesellschaft
Republic Airways Holdings Inc.
). All the 3 firms currently hold a Zacks Rank #1 (Strong
DELTA AIR LINES (DAL): Free Stock Analysis
LUFTHANSA -ADR (DLAKY): Get Free Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis
REPUBLIC AIRWAY (RJET): Free Stock Analysis
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