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JetBlue June Traffic  
User currently offlineB6WNQX From United States of America, joined Jun 2006, 245 posts, RR: 0
Posted (8 years 1 month 2 weeks 2 days 3 hours ago) and read 2494 times:

Hot off the presses!

NEW YORK, July 7, 2006 (PRIMEZONE) -- JetBlue Airways Corporation (Nasdaq:JBLU) reported today that its traffic in June increased 11.4 percent from June 2005, on a capacity increase of 20.8 percent.

Load factor for June 2006 was 82.1 percent, a decrease of 6.9 points from June 2005. JetBlue's preliminary completion factor was 99.8 percent and its on-time(1) performance was 71.1 percent. "We continue to experience revenue improvement as evidenced by June's preliminary passenger revenue per available seat mile increase of 16 percent year over year, driven by the positive changes made to our revenue management process. Pricing our inventory in order to achieve a higher yield at a reduced load factor is giving us the positive results we are aiming for."

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



JETBLUE AIRWAYS TRAFFIC RESULTS

June 2006 June 2005 % Change
Revenue passenger miles (000) 1,997,663 1,793,823 11.4
Available seat miles (000) 2,433,919 2,014,568 20.8
Load factor 82.1% 89.0% (6.9) pts.
Revenue passengers 1,499,206 1,240,043 20.9
Departures 12,552 9,012 39.3
Average stage length 1,273 1,433 (11.2)

Y-T-D 2006 Y-T-D 2005 % Change
Revenue passenger miles (000) 11,459,967 9,559,217 19.9
Available seat miles (000) 13,779,414 11,014,853 25.1
Load factor 83.2% 86.8% (3.6) pts.
Revenue passengers 8,859,638 7,095,992 24.9
Departures 72,105 53,019 36.0
Average stage length 1,249 1,332 (6.2)

SOURCE: JetBlue Airways Corporation

In the six years since its launch, JetBlue Airways has focused on creating a new airline category -- an airline that offers value, service and style. Based out of New York City, the low-cost carrier currently serves 39 destinations with more than 440 flights daily. Onboard JetBlue, customers enjoy roomy leather seats and 36 channels of free DIRECTV(r) programming(a), the most live TV available on any airline. On flights longer than two hours, a selection of first-run movies and bonus features from FOX InFlight(tm) is also available. JetBlue offers customers generous brand name snacks and beverages, including freshly brewed Dunkin' Donuts coffee, and delicious wines selected by the airline's Low Fare Sommelier, Josh Wesson from Best Cellars. On overnight flights from the West, the airline now offers Shut-Eye Service, with a Shut-Eye Kit(tm) designed exclusively for JetBlue by Bliss Spa and other special amenities including a "good morning" hot towel service. 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.

The JetBlue logo is available at http://www.primezone.com/newsroom/prs/?pkgid=795

(a) DIRECTV(r) service is not available on flights outside the continental United States; however, where applicable FOX InFlight is offered complimentary on these routes. FOX InFlight is a trademark of Twentieth Century Fox Film Corporation. JetBlue's in-flight entertainment is powered by LiveTV, a wholly owned subsidiary of JetBlue.

11 replies: All unread, jump to last
 
User currently offlineFLAIRPORT From , joined Dec 1969, posts, RR:
Reply 1, posted (8 years 1 month 2 weeks 2 days 3 hours ago) and read 2474 times:

good and bad...LF is down, but traffic is up...I think they need to slow down expansion, but I trust Neeleman

User currently offlineJetBlueNYFL From United States of America, joined May 2006, 274 posts, RR: 3
Reply 2, posted (8 years 1 month 2 weeks 2 days 2 hours ago) and read 2414 times:

Quoting FLAIRPORT (Reply 1):
good and bad...LF is down, but traffic is up...I think they need to slow down expansion, but I trust Neeleman

LF is down, however this was expected. Yields have improved with the increased fares. With airfares up the way they are, a 6.9 point decrease in LF is nothing to complain about...plus, the busy summer travel season is finally here. Profits for the second quarter should be announced later this month!



jetBlue...Bringing Humanity Back To Air Travel!
User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 1 month 2 weeks 2 days 2 hours ago) and read 2384 times:

this is really quite amazing. B6 underperformed all of the big legacy airlines in domestic load factor for June even though B6 has consistently outperformed that same group for years. And everyone's yield is going up. If you underperform on load factor you have to substantially outperform on yields to keep up. I don't think I would be overly optimistic about these numbers.

User currently offlineB6767200 From , joined Dec 1969, posts, RR:
Reply 4, posted (8 years 1 month 2 weeks 2 days 2 hours ago) and read 2365 times:

Quoting JetBlueNYFL (Reply 2):
LF is down, however this was expected. Yields have improved with the increased fares. With airfares up the way they are, a 6.9 point decrease in LF is nothing to complain about...plus, the busy summer travel season is finally here. Profits for the second quarter should be announced later this month

Second quarter results will be announced on July 25th.


User currently offlineB6DC10 From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 1 month 2 weeks 2 days 2 hours ago) and read 2360 times:

Quoting B6767200 (Reply 4):
Second quarter results will be announced on July 25th.

Expect to see a break even, or slight profit for Q2. LF was down slightly, but capacity this year is much much higher...


User currently offlineJeff G From United States of America, joined Jan 2002, 436 posts, RR: 1
Reply 6, posted (8 years 1 month 2 weeks 2 days ago) and read 2302 times:

Quoting WorldTraveler (Reply 3):
B6 underperformed all of the big legacy airlines in domestic load factor for June even though B6 has consistently outperformed that same group for years. And everyone's yield is going up. If you underperform on load factor you have to substantially outperform on yields to keep up. I don't think I would be overly optimistic about these numbers.

I think you're missing the big story here. We already know RASM is up 16%, in spite of LF being down 6.9%. That means yield is up a whopping 24.6%. I would call that "substantially outperforming on yields".


User currently offlineArtieFufkin From United States of America, joined May 2006, 704 posts, RR: 0
Reply 7, posted (8 years 1 month 2 weeks 2 days ago) and read 2288 times:

I'm sure a 16% rise would be on of the high end of industry results. Along with Delta and USAirways.

CO has already reported something around 11% for June.


User currently offlineA330323X From United States of America, joined Oct 2003, 3039 posts, RR: 44
Reply 8, posted (8 years 1 month 2 weeks 1 day 22 hours ago) and read 2210 times:

Quoting ArtieFufkin (Reply 7):
I'm sure a 16% rise would be on of the high end of industry results. Along with Delta and USAirways.

US reported an "20%+" increase in RASM. Again.

(In the past few months, "20%+" for US has translated into 22-23%.)



I'm the expert on here on two things, neither of which I care about much anymore.
User currently offlineJetBluefan1 From United States of America, joined Dec 2003, 2977 posts, RR: 14
Reply 9, posted (8 years 1 month 2 weeks 1 day 16 hours ago) and read 2111 times:

Nice to see that RASM is increasing despite the lower LF.

JetBluefan1



Most people on a.net hate JetBlue. Get used to it.
User currently offlineArtieFufkin From United States of America, joined May 2006, 704 posts, RR: 0
Reply 10, posted (8 years 1 month 2 weeks 1 day 10 hours ago) and read 2018 times:

Quoting A330323X (Reply 8):
US reported an "20%+" increase in RASM. Again.

(In the past few months, "20%+" for US has translated into 22-23%.)

I just wondering if US's higher yields ruined the YoY comparison since they joined America West who had a lower RASM. It seems to me if this were the case, consolidated RASM would surely show the big gain. But CASM would rise as well because of the same reason. Combing lower cost HP with Higher cost US.

Do I make sense? Other airlines are showing high RASM gains are doing it without raising Costs.


User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 1 month 2 weeks 17 hours ago) and read 1926 times:

yes, Artie it does make sense. US is an interesting combination of mixing moving costs and revenues. They are getting much of the revenue improvements from US east but the cost improvements from west - but they are still shrinking their network. Not sure this is entirely a great or sustainable story.

as for B6, the point is not that B6 is seeing increased yields because every coast carrier is thanks to Indy's demise and DL and B6's mutual recognition that they were killing each other. DL and US both have had domestic RASM improvements of better than 20% for the past several months so a 16% RASM improvement is underperforming their closest competitors. B6 still has too much capacity in its network and if they cannot keep load factor flat during the peak summer months, they will either be discounting heavily to fill seats in the fall or will need to be reallocating their capacity out of the markets which have had the most amount of capacity which has been maintained at previously low fares which are now unsustainable.


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