November 16, 2012

October Traffic Up 1%

Our preliminary traffic results for October 2012 are in.  Traffic in October increased 1.0 percent from October 2011, as capacity remained relatively flat. Load factor for October 2012 was 84.3 percent, an increase of 0.8 points from October 2011. Our preliminary completion factor was 92.9 percent and our on-time (1) performance was 74.1 percent.

As a result of Hurricane Sandy, we cancelled approximately 1,700 flights over a five day period.  We estimate Hurricane Sandy reduced October passenger revenue by approximately $20 million. Our preliminary passenger revenue per available seat mile (PRASM) for the month of October increased two percent year over year, which includes a benefit of approximately two points due to Hurricane Sandy.

November passenger revenue is expected to be reduced by approximately $20 to $25 million primarily due to slow demand recovery in the wake of the storm.  For the month of November, PRASM is expected to decrease between 3.5 and 4.5 percent year over year. We estimate Hurricane Sandy will reduce fourth quarter operating income by approximately $25 to $30 million.

JETBLUE AIRWAYS TRAFFIC RESULTS
 

 October 2012

 October 2011

        % Change

Revenue passenger miles (000)

2,537,638

2,512,408

1.0%

Available seat miles (000)

3,009,516

3,010,427

-

Load factor

84.3%

83.5%

0.8 pts.

Revenue passengers

2,195,781

2,160,384

1.6%

Departures

19,955

19,761

1.0%

Average stage length

1,081

1,087

(0.6)%

 

         Y-T-D 2012

         Y-T-D 2011

         % Change

Revenue passenger miles (000)

28,017,167

25,460,615

10.0%

Available seat miles (000)

33,210,956

30,817,760

7.8%

Load factor

84.4%

82.6%

1.8 pts.

Revenue passengers

24,133,593

21,837,385

10.5%

Departures

219,493

201,198

9.1%

Average stage length

1,084

1,091

(0.6)%

(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.

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