JetBlue Airways Corporation Announces Unaudited Consolidated Financial and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Operating Guidance for the Third Quarter and Full Year of 2014; Provides CapEx Guidance for the Full Year of 2014
Jul 24 14
JetBlue Airways Corporation announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenue was $1,493 million against $1,335 million a year ago. Operating income was $141 million against $102 million a year ago. Income before income tax was $345 million against $60 million a year ago. Net income was $230 million or $0.68 per diluted share against $36 million or $0.11 per diluted share a year ago. Earnings, adjusted for non-recurring gains, came to 19 cents per share.
For the six months, the company reported total operating revenue was $2,842 million against $2,634 million a year ago. Operating income was $182 million against $161 million a year ago. Income before income tax was $351 million against $83 million a year ago. Net income was $234 million or $0.68 per diluted share against $50 million or $0.16 per diluted share a year ago.
Revenue passenger miles for the second quarter increased 5.7% to 9.6 billion on a capacity increase of 6.0%, resulting in a second quarter load factor of 84.6%, a decrease of 0.3 points year over year. Yield per passenger mile in the second quarter was 14.25 cents, up 6.3% compared to the second quarter of 2013. Passenger revenue per available seat mile (PRASM) for the second quarter 2014 increased 6.0% year over year to 12.05 cents and operating revenue per available seat mile (RASM) increased 5.6% year over year to 13.12 cents. revenue passenger of 8,179,000 against 7,753,000 a year ago.
For the six months, the company reported revenue passenger of 15,512,000 against 15,053,000 a year ago. Revenue passenger miles was 18,294 million against 17,621 million a year ago. Available seat miles was 21,805 million against 20,881 million a year ago. Load factor was 83.9% against 84.4% a year ago.
For the full year 2014, the company has forecasted aircraft CapEx of approximately $625 million. The LiveTV sale has reduced expected LiveTV-related CapEx by $40 million to $20 million for the full year, offset somewhat by increased aircraft CapEx for Ka-band installs on the JetBlue fleet.
For the third quarter of 2014, operating expense per available seat mile (CASM) is expected to increase between 0.5% and 2.5% versus the year-ago period. Excluding fuel and profit sharing, CASM in the third quarter is expected to increase between 1.0% and 3.0% year over year.
CASM for the full year is expected to increase between 1.0% and 3.0% over full year 2013. Excluding fuel and profit sharing, CASM in 2014 is expected to increase between 2.5% and 4.5% year over year.
JetBlue Airways Launches Automatic Check-In
Jul 15 14
JetBlue Airways has launched automatic check-in, a technological enhancement which automatically emails boarding passes to customers 24 hours before their flight departs. Automatic check-in is the most recent step in the airline's continued focus on making the JetBlue Experience even more convenient. This initial technological innovation removes the need for customers to ever have to check-in for their flights. With the printed boarding pass or mobile app, customers are ready to head to the airport, and on to their flight. In addition to removing this occasionally burdensome check-in process, initiating the process a full 24 hours ahead of a flight is also expected to enable the ability to catch and notify customers of any information inconsistencies or issues with special service requests in a reservation that might otherwise remain unresolved until their arrival at the airport. For those customers not currently eligible for automatic check-in, or those customers who need to address outstanding requirements within their booking, the standard check-in notification process will remain in place.
JetBlue Airways Corporation Reports Preliminary Traffic Results for the Month and Year to Date Ended June 2014
Jul 11 14
JetBlue Airways Corporation reported preliminary traffic results for the month and year to date ended June 2014. For the month, revenue passenger miles were 3,255,731,000 against 3,130,375,000 last year. Available seat miles were 3,843,889,000 against 3,652,105,000 a year ago. Load factor was 84.7% against 85.7% a year ago. Revenue passengers were 2,753,251 against 2,637,279 a year ago. Departures were 25,270 against 24,013 last year. Traffic in June increased 4.0% from June 2013, on a capacity increase of 5.3%.
For the year to date ended June 2014, revenue passenger miles were 18,293,934,000 against 17,621,076,000 last year. Available seat miles were 21,805,221,000 against 20,881,241,000 a year ago. Load factor was 83.9% against 84.4% a year ago. Revenue passengers were 15,511,988 against 15,052,830 a year ago. Departures were 143,069 against 137,495 last year.