Traffic, revenue figure up at JetBlue Airways

Despite storms, JetBlue Airways sees 5 percent more traffic, increase in key revenue number

Associated Press

NEW YORK (AP) -- JetBlue Airways Corp. said Wednesday that passenger traffic rose 5.2 percent last month and a key revenue figure increased despite storms that caused flight cancelations.

JetBlue said revenue for each seat flown one mile rose 7 percent last month, compared with February 2013. That's a closely watched number in the airline business, and it usually rises as average fares increase.

The New York-based airline canceled 5.5 percent of flights, up from 3.9 percent in the same month last year.

Still, traffic rose as passengers flew 2.64 billion miles. But due to JetBlue's aggressive expansion — it grew passenger-hauling capacity 6.3 percent — flights were slightly less full. On average, 81.6 percent of seats were sold, compared with 82.4 percent a year earlier.

The numbers from JetBlue followed strong February results from Southwest Airlines and Delta but a decline in traffic at United. Airlines have said travel demand remains solid.

Shares of New York-based JetBlue were up a penny to $8.74 in afternoon trading. They began the day up 2.3 percent in 2014.

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