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JetBlue's February Traffic Rises, 1Q18 RASM View Tweaked

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JetBlue Airways CorporationJBLU posted a substantial rise in air traffic for February. Traffic, measured in revenue passenger miles (RPMs), improved 6.8% year over year to 3.69 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) also expanded 6.8% to 4.47 billion.

Load factor or percentage of seats filled by passengers remained flat at 82.6% in the month as traffic growth was commensurate with capacity expansion.

The low-cost carrier registered a completion factor (system wide) of 98.4% in the month with 74.6% flights on schedule.

JetBlue Airways Corporation Price

JetBlue Airways Corporation Price | JetBlue Airways Corporation Quote

In the first couple of months in 2018, the carrier posted a 2.3% increase in RPMs while ASMs rose 3.3%, both on a year-over-year basis. Load factor contracted 80 basis points year over year to 82.2%.

1Q18 RASM View Tweaked

This Long Island City, NY-based airline now expects first-quarter 2018 operating revenue per available seat mile (RASM) to improve 3.5-5.5%. Prior guidance was an increase of 2.5-5.5%.

For the first quarter of 2018, the carrier anticipates capacity to grow between 3.5% and 5.5%. The metric is further projected to increase in the 6.5-8.5% range for the current year.

Zacks Rank & Key Picks

JetBlue carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are International Consolidated Airlines Group SA ICAGY , American Airlines Group, Inc. AAL and Delta Air Lines, Inc. DAL . While International Consolidated Airlines sports a Zacks Rank #1 (Strong Buy), American Airlines and Delta Air Lines carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

Shares of International Consolidated Airlines, American Airlines and Delta Air Lines have rallied more than 28%, 37% and 21%, respectively, in a year.

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JetBlue Airways Corporation (JBLU): Free Stock Analysis Report

Delta Air Lines, Inc. (DAL): Free Stock Analysis Report

American Airlines Group, Inc. (AAL): Free Stock Analysis Report

International Consolidated Airlines Group SA (ICAGY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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