news 1 week ago

JetBlue Airways Reports December Traffic

The Associated Press

NEW YORK--(BUSINESS WIRE)--Jan 11, 2019--JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for December 2018. Traffic in December increased 6.8 percent from December 2017, on a capacity increase of 8.5 percent. Load factor for December 2018 was 81.4 percent, a decrease of 1.3 points from December 2017. JetBlue’s preliminary completion factor for December 2018 was 99.8 percent and its on-time (1) performance was 74.5 percent.

Fourth quarter revenue per available seat mile (RASM) is expected to increase approximately 2.4 percent year-over-year. This is consistent with our prior guidance range of 1.5 to 3.5 percent. December revenue trends performed as expected. Higher than expected completion factor negatively impacted fourth quarter RASM by approximately 0.3 points.

(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.

JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to 100+ cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights. For more information please visit jetblue.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190111005045/en/

CONTACT: JetBlue Investor Relations

Tel: +1-718-709-2202

ir@jetblue.comJetBlue Corporate Communications

Tel: +1-718-709-3089

corpcomm@jetblue.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TRANSPORT AIR TRAVEL TRANSPORTATION

SOURCE: JetBlue Airways Corporation

Copyright Business Wire 2019.

PUB: 01/11/2019 07:00 AM/DISC: 01/11/2019 07:01 AM

http://www.businesswire.com/news/home/20190111005045/en