Wired News – JetBlue Airways Provides Preliminary Traffic Results for December 2017
LONDON, UK / ACCESSWIRE / January 16, 2018 / Active-Investors.com has just released a free research report on JetBlue Airways Corp. (NASDAQ: JBLU). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JBLU as the Company's latest news hit the wire. On January 11, 2018, the Company shared the preliminary traffic results for the month of December 2017. The reports indicate that the Airlines traffic and capacity saw an increase on a year-to-year basis while it witnessed a decrease in the load factor. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, JetBlue Airways most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Key points of the Traffic results
The results indicate the traffic for December 2017 witnessed an increase of 2.7% as compared to the figures for December 2016. These increases were due to the capacity increase of over 4.4% in this year.
On the other hand, the Company's load factor for December 2017 was 82.7%, which was nearly 1.4% less compared to the load factor for December 2016.
The Airlines' preliminary completion factor was 99.8% and it maintained an on-time performance of 74.1%. According to the US Department of Transportation on-time arrivals are those domestic flights which arrive within 14 minutes of scheduled arrival timing.
The Company's revenues from passengers also saw an increase of 1.6% for December 2017 when compared to revenues from passengers in December 2016.
Guidance for Q4 2017
In the same communication, the Company also provided a revised guidance for Q4 2017, which included:
The Company expects that the Q4 2017 revenue per available seat mile (RASM) to increase by approximately 1.8% on a year-on-year basis. Comparatively, the CASM (cost per available seat mile) ex-fuel growth is expected to include approximately $23 million of additional expenses. This increases the Company's previously CASM guidance for Q4 2017 by 2 percentage points. As per the guidance provided by the Company in October 2017, it had expected the CASM ex-fuel to grow between 5.0% and 7.0% in Q4 2017. These expenses pertain to the Company's announcement to distribute $1,000 to each of its 21,000 crewmembers on January 04, 2018 following the recent reforms announced by the US Government in its tax legislation. The company had planned to pay the amount by end of February 2018 and was not payable to its CEO and Executive Vice Presidents.
The Company expects that its fuel cost for Q4 2017 will be in the range of $1.89 to $1.92 per gallon.
About JetBlue Airways Corp.
New York-based JetBlue was incorporated in Delaware in August 1998, and commenced service on February 11, 2000. By the end of 2013, JetBlue had grown to become the 5th largest passenger carrier in the US based on revenue passenger miles. Its focus cities are New York, Boston, Fort Lauderdale-Hollywood Los Angeles/Long Beach, Orlando, and San Juan. The Airline has 1,000 flights every day on an average. It carries more than 40 million customers every year to over 101 cities in the US, Caribbean, and Latin America. The Airline has a fleet of total 243 aircrafts including 53 A321, 130 A320, and 60 E190 models.
Stock Performance Snapshot
January 12, 2018 - At Friday's closing bell, JetBlue Airways' stock climbed 2.64%, ending the trading session at $22.93.
Volume traded for the day: 4.36 million shares.
Stock performance in the last month – up 6.21%; previous three-month period – up 12.73%; past twelve-month period – up 5.09%; and year-to-date - up 2.64%
After last Friday's close, JetBlue Airways' market cap was at $7.46 billion.
Price to Earnings (P/E) ratio was at 11.69.
The stock is part of the Services sector, categorized under the Regional Airlines industry. This sector was up 0.9% at the end of the session.
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