JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for February 2016.
Traffic in February increased 19.1 percent from February 2016, on a capacity increase of 19.6 percent.
Load factor for February 2016 was 83.1 percent, a decrease of 0.4 points from February 2015. JetBlue´s preliminary completion factor was 97.4 percent and its on-time (1) performance was 68.9 percent. JetBlue´s preliminary revenue per available seat mile (RASM) for the month of February decreased approximately 10.5 percent year over year. For the first quarter of 2016, RASM is expected to decrease between seven and eight percent year over year.
JetBlue is New York´s Hometown Airlineâ¢, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 35 million customers a year to 96 cities in the US, Caribbean, and Latin America with an average of 900 daily flights.