JetBlue Airways Corporation
) displayed solid traffic across its network for the month of Dec
2013. The carrier reported airline traffic - measured in revenue
passenger miles or RPMs - of 3.23 million, up 12.7% year over
year. Consolidated capacity (or available seat miles/ASMs) was
also up 9.0% year over year at 3.90 billion.
The load factor or percentage of seats filled by passengers,
however, was 82.9%, up 280 basis points. Passenger revenue per
available seat mile (PRASM) increased 13% year over year. The
company registered a completion factor of 98.5%, with on-time
performance of 63.6%.
In 2013, JetBlue Airways generated RPMs of 35.84 (up 6.8% year
over year) and ASMs of 42.82 billion (up 6.9% year over year), on
a consolidated basis. For full-year 2013, load factor was 83.7%,
reflecting a decline of 10 basis points from the corresponding
The other top three airline carriers in the U.S., namely,
Delta Air Lines Inc.
United-Continental Holdings Inc.
Southwest Airlines Co.
) reported solid operational results for the month of Dec 2013.
All the carriers reported double-digit PRASM growth in the same
We expect JetBlue to sustain traffic growth in the coming days
based on increasing travel demand, network expansion, fleet
re-designing, optimization of unit revenues, capital expenditure
management and disciplined growth. The company's growing presence
in key markets and penetration into untapped arenas will support
The airline also entered into an interline ticketing agreement
with Silver Airways which offers the highest number of flights in
Florida and the Bahamas. JetBlue is also vying to get a share of
the slots at Washington Regan National Airport, which is a
stipulation in the merger between U.S. Airways and American
Airlines. These initiatives are expected to boost performance
JetBlue Airways carries a Zacks Rank #2 (Buy).
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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