JetBlue Airways Corporation (Nasdaq:JBLU) reported yesterday that its traffic in June increased 12.7 percent from June 2006, on a capacity increase of 10.4 percent.
NEW YORK — Load factor for June 2007 was 83.8 percent, an increase of 1.7 points from June 2006. JetBlue’s preliminary completion factor was 97.5 percent and its on-time(1) performance was 64.1 percent. JetBlue’s preliminary passenger revenue per available seat mile for the month of June increased 9 percent year over year.
JETBLUE AIRWAYS TRAFFIC RESULTS
June 2007 June 2006 % Change
Revenue passenger
miles (000) 2,251,964 1,997,663 12.7
Available seat
miles (000) 2,688,228 2,433,919 10.4
Load factor 83.8% 82.1% 1.7 pts.
Revenue passengers 1,815,563 1,499,206 21.1
Departures 15,972 12,552 27.2
Average stage length 1,170 1,273 (8.1)
Y-T-D 2007 Y-T-D 2006 % Change
Revenue passenger
miles (000) 12,677,666 11,459,967 10.6
Available seat
miles (000) 15,435,523 13,779,414 12.0
Load factor 82.1% 83.2% (1.1) pts.
Revenue passengers 10,677,840 8,859,638 20.5
Departures 96,087 72,105 33.3
Average stage length 1,111 1,249 (11.0)
SOURCE: JetBlue Airways Corporation
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule. New York-based JetBlue Airways has created a new airline category based on value, service and style. Known for its award-winning service and free TV as much as its low fares, JetBlue is now pleased to offer customers the most legroom throughout coach (based on average fleet-wide seat pitch for U.S. airlines). JetBlue is also America’s first and only airline to offer its own Customer Bill of Rights, with meaningful compensation for customers inconvenienced by service disruptions within JetBlue’s control. Visit www.jetblue.com/promise for details. JetBlue serves 54 cities with up to 575 daily flights. With JetBlue, all seats are assigned, all travel is ticketless, all fares are one-way, and an overnight stay is never required. For information or reservations call 1-800-JETBLUE (1-800-538-2583) or visit www.jetblue.com.
JetBlue’s 36 channels of DIRECTV(r) service is not available on flights outside the continental United States; however, where applicable, FOX InFlight(tm) is offered complimentary on these routes. FOX InFlight(tm) is a trademark of Twentieth Century Fox Film Corporation. JetBlue’s in-flight entertainment is powered by LiveTV, a wholly owned subsidiary of JetBlue.
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This press release contains statements of a forward-looking nature which represent our management’s beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; increases in fuel prices, maintenance costs and interest rates; our ability to implement our growth strategy, including the ability to operate reliably the EMBRAER 190 aircraft; our significant fixed obligations; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on high daily aircraft utilization; our dependence on the New York metropolitan market; our reliance on automated systems and technology; our being subject to potential unionization; our reliance on a limited number of suppliers; changes in or additional government regulation; changes in our industry due to other airlines‘ financial condition; and external geopolitical events and conditions. Further information concerning these and other factors is contained in the Company’s Securities and Exchange Commission filings, including but not limited to, the Company’s 2006 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
