JetBlue Airways has reported its August traffic figures and investors are liking it; The stock is currently trading 3.9% above yesterday’s close.
JetBlue August Metrics
Revenue passenger miles increased by 6.2% year-over-year to 4.21176B, while revenue passengers increased to 3.5 million, 6.8% higher year-over-year. The loadfactor increased by .4 points to 87.4% with flight distance averaging 1,097 miles.
JetBlue Year-to-date Metrics
Revenue passenger miles increased by 10.5% compared to the first 8 months of 2015 to 31B, while revenue passengers increased to 36.3 million, 10.6% higher year-over-year. The loadfactor decreased by .1 points to 85.4% with flight distance averaging 1,103 miles.
Guidance
For the third quarter the American low-cost carrier has guided a revenue per available seat-mile (RASM) that is 3%-4% lower year-over-year. This likely has to do with capacity growth having a dilutive impact on the RASM figure.
Fleet
JetBlue currently has a fleet consisting of 221 aircraft, primarily Airbus A320ceo aircraft. The airline also operates 31 of the bigger Airbus A321ceo aircraft and 60 Embraer E190 aircraft.
The airline has unfilled orders for 163 aircraft, 100 of those are for the Airbus A320neo family while the airline holds options to convert to the Airbus A321neo LR after 2019. This could point the airline envisioning low-cost transatlantic flights in the near future. Additionally, the airline has orders for 23 E190s
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AeroAnalysis was founded in June 2015 and commenced operation in July 2015. In 2013 AeroAnalysis started publishing its work on investing research platform SeekingAlpha, primarily covering the aerospace industry from a unique angle, combining knowledge about investing and aerospace products into unique write-ups that spark healthy discussions and give meaningful insight to investors.