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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3 Comments on “October Traffic Up 1%”

  • Posted by Larry Berglas on December 9, 2012 at 6:20 pm

    Something very important for JetBlue to note. This past year, the City of White Plains School District eliminated the February week-long winter break, an absolutely awful decision for those of us who enjoyed that break as their primary annual get-away vacation. There was a time when this week-long break did not exist. I know, anecdotally, that in Eastchester back in the 1970’s, where my Dad was a teacher/lawyer and was involved in the contract discussions that led to the institution of the February week-long break there (for economic, oil conservation, contract and other reasons), the “Presidents’ Week Break” popularity rapidly led to other school districts signing on too. I hear that the desire to keep this vacation time in place in various school districts has or is changing for reasons I do not quite understand and clearly White Plains has already eliminated it. During the past 14 years, my wife and I, with our two young daughters, used this vacation regularly to travel to Florida on JetBlue; it’s a much better time to travel than Christmas/Chanukah or Easter/Passover which are family obligation times. We loved these February trips and enjoyed flying on JetBlue. Now, the February vacation no longer exists in White Plains (it is a four-day break with only Monday and Tuesday off). As our oldest has moved on to college, our family vacation plans likely would have changed anyway, but the cost of flying to Florida on say, Friday afternoon at over $500.00 one way for a 4 day break would be simply unrealistic and not cost-effective for such a short trip. These changing New York State school district policies should be noted by JetBlue because for many, locally here, traveling in February sadly has become or is becoming a thing of the past.With our younger daughter, who still has five more years in the public school system, it’s highly unlikely that we’ll be taking any type of meaningful February vacation because of all these changes….and we’re not happy about it.

  • Posted by JetBlue on December 10, 2012 at 10:27 am

    Hi Larry,

    We actually are offering fee waivers if you need to change or cancel your flight during the February break. See here for more information: http://investor.jetblue.com/phoenix.zhtml?c=131045&p=irol-newsArticle&ID=1762943&highlight=

  • Posted by $JBLU Sees Profits Fall 96%, Sales Rise 4.2% | iBC_FN | iBankCoin Financial News on January 29, 2013 at 11:03 am

    [...] profit tumbled 96 percent, more than analysts projected, as superstorm Sandy forced flightcancellations and reduced travel [...]

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