JetBlue Posts Rise In January Traffic, Load Factor Down
Zacks Investment Research | Feb 12, 2019 08:12PM ET
JetBlue Airways Corporation (NASDAQ:JBLU) posted mixed traffic numbers for January 2019. In spite of traffic increasing on the back of strong demand for air travel, load factor (percentage of seats filled by passengers) declined as traffic growth was outweighed by capacity expansion.
Traffic (measured in revenue passenger miles or RPMs) improved 7.9% year over year to 4.09 billion. On a year-over-year basis, capacity (or available seat miles/ASMs) rose 9.9% to 5.09 billion.
However, load factor contracted 150 basis points (bps) to 80.4%, which seems to have dented investors’ sentiments. Consequently, the stock slipped 2% at the close of business on Feb 12.
The Long Island City, NY-based low-cost carrier registered a completion factor (system wide) of 96% in the month with 69.4% flights on schedule.
JetBlue Airways Corporation Price
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.