JetBlue Airways Corporation (NASDAQ: JBLU) has reported its results for the fourth quarter 2017, the company said.
JetBlue reported fourth quarter operating revenues of USD 1.8 billion. Revenue passenger miles for the fourth quarter increased 3.1% to 11.5 billion on a capacity increase of 5.1%, resulting in a fourth quarter load factor of 83.1%, a 1.6 point decrease year over year.
Yield per passenger mile in the fourth quarter was 13.57 cents, up 2.8% compared to the fourth quarter of 2016. Passenger revenue per available seat mile (PRASM) for the fourth quarter of 2017 increased 0.8% year over year to 11.28 cents and operating revenue per available seat mile (RASM) increased 1.8% year over year to 12.66 cents.
Compared with last year, operating expenses for the quarter increased 16.5%, or USD 222 million. Interest expense for the quarter declined 12.4%, or USD 4 million, as JetBlue continued to reduce its debt. JetBlue´s operating expense per available seat mile (CASM) for the fourth quarter increased 10.8% year over year to 11.29 cents. CASM Ex-Fuel1 for the fourth quarter increased 8.1% to 8.63 cents.
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 40 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 www.jetblue.com.