JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for September 2017, the company said.
Traffic in September decreased 4.4 percent from September 2016, on a capacity decrease of 0.9 percent. Load factor for September 2017 was 80.2 percent, a decrease of 3.0 points from September 2016. JetBlue´s preliminary completion factor was 90.7 percent and its on-time (1) performance was 70.1 percent in September 2017. Third quarter revenue per available seat mile (RASM) is expected to increase approximately 0.9 percent year-over-year.
The following reflects the estimated operational and financial impact from hurricanes Irma and Maria combined, as well as revised guidance for the third quarter of 2017:
Third quarter revenue was negatively impacted by approximately USD 44 million. Operating income was reduced by approximately USD 30 to USD 35 million, or 6 to 7 cents per diluted share.
Available seat miles (capacity) was reduced approximately 2.7 percentage points by the hurricanes. For the third quarter, JetBlue now expects capacity to increase approximately 3.7%.
Revenue per available seat mile (RASM) was positively impacted by an approximate 0.3 percentage points by the hurricanes.
Cost per available seat mile, excluding fuel (CASM ex-fuel) is expected to be 2.75 percentage points higher than previously expected. JetBlue now expects third quarter CASM ex-fuel to increase between 2.75% and 3.25%, including an approximate 1.5 percentage point benefit from the favorable timing of expenses now expected in the fourth quarter.
JetBlue expects fuel cost per gallon of USD 1.71 in the third quarter.
JetBlue is New York´s Hometown AirlineÂ®, and a carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 38 million customers a year to 101 cities in the US, Caribbean, and Latin America with an average of 1,000 daily flights. For more information visit jetblue.com.