Back to top

Analyst Blog

JetBlue Airways (JBLU - Analyst Report) experienced traffic growth across its network for the month of May 2013.

The carrier reported airline traffic – measured in revenue passenger miles or RPMs, of 2.99 billion, up 9.4% year over year. Consolidated capacity (or available seat miles/ASMs) was also up 9.0% year over year at 3.51 billion.

The load factor or percentage of seats filled by passengers was 85.1%, up 30 basis points. Passenger revenue per available seat mile (PRASM) increased 1.0% year over year. The company registered a completion factor of 99.6%, with on-time performance of 80.3%.

For the five-month period ended May 2013, JetBlue Airways generated RPMs of 14.49 (up 7.3% year over year) and ASMs of 17.23 billion (up 6.9% year over year), on a consolidated basis. Load factor was 84.1%, reflecting an improvement of 30 basis points from the corresponding prior-year month.

We believe that JetBlue Airways is benefiting from growing travel demand, schedule redesigning and route expansion. The company is making continued progress in expanding its product and service offerings on board and on the ground to aid growth in ancillary revenues along with enhanced ticket pricing flexibility.  

For the months ahead, the company expects the Latin American market to drive its growth momentum with already four destinations in the region, the latest being Lima. JetBlue is also banking heavily on the new services offered from Hartford to two new Floridian destinations – Fort Myers and Tampa – to register more passengers in the coming days.

JetBlue Airways – which operates with big players such as Delta Air Lines Inc. (DAL - Analyst Report) and United Continental Holdings Inc. (UAL - Analyst Report) as well as the popular low fare airline Southwest Airlines Co. (LUV - Analyst Report) – currently carries a Zacks Rank #3 (Hold).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%