JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for June 2018. Traffic in June increased 7.8 percent from June 2017, on a capacity increase of 5.9 percent. Load factor for June 2018 was 87.0 percent, an increase of 1.5 points from June 2017. JetBlue’s preliminary completion factor was 99.0 percent and its on-time (1) performance was 73.8 percent.
The following reflects revised guidance for the second quarter of 2018:
- Second quarter revenue per available seat mile (RASM) is expected to decrease approximately 1.2 percent year-over-year, consistent with the prior guidance range of (2.5) percent to (0.5) percent. As previously disclosed, second quarter RASM includes a 2.5 point headwind from holiday placement as well as a 1.25 point headwind from completion factor and co-brand incentive payments for the second quarter of 2017.
- JetBlue expects fuel cost per gallon between $2.28 and $2.30 in the second quarter.
JETBLUE AIRWAYS TRAFFIC RESULTS
|June 2018||June 2017||% Change|
|Revenue passenger miles (000)||4,398,796||4,078,977||7.8||%|
|Available seat miles (000)||5,056,747||4,772,790||5.9||%|
|Load factor||87.0||%||85.5||%||1.5 pts.|
|Average stage length (miles)||1,082||1,066||1.5||%|
|Y-T-D 2018||Y-T-D 2017||% Change|
|Revenue passenger miles (000)||24,908,668||23,532,265||5.8||%|
|Available seat miles (000)||29,162,399||27,825,578||4.8||%|
|Load factor||85.4||%||84.6||%||0.8 pts.|
|Average stage length (miles)||1,093||1,074||1.8||%|
|(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.|