) reported single-digit traffic growth for Feb 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 2.6% year over year to 2.51
billion for the month. Consolidated capacity (or available seat
miles/ASMs) was 3.04 billion, up 1.3% from Feb 2012.
The load factor or percentage of seats filled by passengers was
82.4%, up 100 basis points. Passenger revenue per available seat
mile (PRASM), however, dropped 3% year over year. The company
registered a completion factor of 96.1%, with on-time performance
For the first two months of 2013, on a consolidated basis,
JetBlue Airways generated RPMs of 5.30 billion (up 6.9% year over
year) and ASMs of 6.46 billion (up 5.7% year over year), while
load factor was 82.0%, reflecting an improvement of 90 basis
In an attempt to expand its services, JetBlue Airways is
consistently introducing new flights. From Nov 20, the company
will have two non-stop flights every day from Chicago's O'Hare to
San Juan. Leveraging the reputation of being the largest carrier
in Puerto Rico, the airline flies to 14 non-stop destinations
within U.S. and Caribbean from the capital.
JetBlue Airways also remains committed toward re-vamping the
city's Luis Munoz Marin International Airport and extend all
necessary inputs for the growth and development of the island.
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JETBLUE AIRWAYS (JBLU): Free Stock Analysis
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Going forward, JetBlue Airways aims to start services in
Albuquerque, N.M.; Philadelphia; Penn and Medellin, Colombia. We
believe adding on new routes enhances the company's business
model and strengthens its network against other group members
Delta Air Lines Inc.
Southwest Airlines Co.
JetBlue Airways currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
A stock operating within the airline sector that is worth
Ryanair Holdings Plc
) - that holds a Zacks Rank #1 (Strong Buy).