JetBlue announces 2.9% YoY increase in March

JetBlue Airways Corporation (NASDAQ:JBLU) has reported that preliminary traffic results for March 2017 indicate a 2.9% increase in traffic compared to March 2016, on a capacity increase of 4.2%, the carrier said.

Load factor for March 2017 was 85.7%, a decrease of 1.1 points from March 2016. Its preliminary completion factor was 96.1% and its on-time performance was 70.8%.

JetBlue´s preliminary revenue per available seat mile (RASM) for the month of March decreased approximately 6.5% year over year. March RASM increased approximately 0.5% excluding an estimated 7 point impact from the timing of Easter, one point larger than previously expected.

First quarter RASM is now expected to decline approximately 4.8%. JetBlue continues to expect that April RASM, adjusted for Easter, will increase more than March.

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.