JetBlue sees FY14 CASM up 2%-4%

CASM for the full year is expected to increase between 2.0% and 4.0% over full year 2013. Excluding fuel and profit sharing, CASM in 2014 is expected to increase between 3.5% and 5.5% year over year. For the full year, capacity is expected to increase between 4.0% and 6.0%. JetBlue expects approximately 1.5 points of this year over year unit cost increase to be driven by capacity reductions resulting from reallocation of aircraft from longer haul routes to support new service in Washington Reagan National Airport and first quarter weather-related cancellations.