JetBlue Airways Reports August Traffic.
JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for August 2017. Traffic in August increased 5.0 percent from August 2016, on a capacity increase of 5.4 percent. Load factor for August 2017 was 87.1 percent, a decrease of 0.3 points from August 2016. JetBlue’s preliminary completion factor was 97.8 percent and its on-time (1) performance was 68.1 percent. JetBlue continues to expect revenue per available seat mile (RASM) growth to range between (1.0) and 1.0 percent compared to the third quarter of 2016. RASM guidance does not include any impact of Hurricane Irma.
“Our thoughts go to all those affected by Irma, including our crewmembers and customers throughout the Caribbeanand in Florida who have been impacted,” said Robin Hayes, president and CEO, JetBlue. “Our focus remains on deploying assistance to our crewmembers and resuming operations safely. We will update the market on the operational and financial impact of Irma in the coming weeks.”
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.