JetBlue Airways Corporation (Nasdaq:JBLU) reported today that its traffic in April increased 11.6 percent from April 2006, on a capacity increase of 12.8 percent.
NEW YORK – Load factor for April 2007 was 84.7 percent, a decrease of 0.9 points from April 2006. JetBlue’s preliminary completion factor was 98.3 percent and its on-time (1) performance was 64.8 percent. JetBlue’s preliminary passenger revenue per available seat mile for the month of April increased 4 percent year over year.
JETBLUE AIRWAYS TRAFFIC RESULTS
April 2007 April 2006 % Change
Revenue passenger miles (000) 2,265,164 2,028,929 11.6
Available seat miles (000) 2,673,873 2,369,480 12.8
Load factor 84.7% 85.6% (0.9) pts.
Revenue passengers 1,955,911 1,604,092 21.9
Departures 17,161 12,791 34.2
Average stage length 1,088 1,211 (10.2)
Y-T-D 2007 Y-T-D 2006 % Change
Revenue passenger miles (000) 8,207,594 7,564,948 8.5
Available seat miles (000) 10,043,542 8,945,994 12.3
Load factor 81.7% 84.6% (2.9) pts.
Revenue passengers 7,046,726 5,939,011 18.7
Departures 63,735 47,208 35.0
Average stage length 1,086 1,236 (12.1)
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 52 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.
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.
