JetBlue Airways Reports February Traffic

Mar 10, 2011, 13:05 ET from JetBlue Airways

NEW YORK, March 10, 2011 /PRNewswire/ -- JetBlue Airways Corporation (Nasdaq: JBLU) reported its preliminary traffic results for February 2011. Traffic in February increased 9.0 percent from February 2010, on a capacity increase of 1.4 percent.

Load factor for February 2011 was 80.1 percent, an increase of 5.6 points from February 2010.  JetBlue's preliminary completion factor was 95.0 percent and its on-time (1) performance was 65.5 percent.  JetBlue's preliminary passenger revenue per available seat mile (PRASM) for the month of February increased 18 percent year over year.  Approximately three points of this increase are attributable to the impact of severe weather in the Northeast at the beginning of the month, which resulted in a lower than expected completion factor. For the first quarter of 2011, PRASM is expected to increase between 14 and 16 percent year over year.

JETBLUE AIRWAYS TRAFFIC RESULTS

February 2011

February 2010

% Change

Revenue passenger miles (000)

2,082,893

1,911,455

9.0%

Available seat miles (000)

2,600,041

2,564,764

1.4%

Load factor

80.1%

74.5%

5.6 pts.

Revenue passengers

1,818,082

1,644,621

10.5%

Departures

17,295

16,536

4.6%

Average stage length

1,076

1,103

(2.5)%

Y-T-D 2011

Y-T-D 2010

% Change

Revenue passenger miles (000)

4,297,443

4,017,875

7.0%

Available seat miles (000)

5,368,011

5,407,980

(0.7)%

Load factor

80.1%

74.3%

5.8 pts.

Revenue passengers

3,732,465

3,412,488

9.4%

Departures

35,774

34,746

3.0%

Average stage length

1,075

1,107

(2.9)%

(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.

JetBlue Airways is New York's Hometown Airline with other focus cities in Boston, Los Angeles, and Fort Lauderdale and Orlando, Florida. Voted "Most Eco-Friendly Airline" by Zagat's Airline survey in 2008, 2009 and 2010, JetBlue Airways has created a new airline category based on value, service and style. In 2010, the carrier also ranked "Highest in Customer Satisfaction Among Low-Cost Carriers in North America" by J.D. Power and Associates, a customer satisfaction recognition received for the sixth year in a row. Known for its award-winning service and free TV as much as its low fares, JetBlue offers the most legroom in coach of any U.S. airline (based on average fleet-wide seat pitch) and super-spacious Even More Legroom seats. JetBlue is also America's first and only airline to offer its own Customer Bill of Rights, with meaningful and specific compensation for customers inconvenienced by service disruptions within JetBlue's control. Visit www.jetblue.com/promise for details. JetBlue serves 64 cities with 700 daily flights. The airline intends to begin service to Anchorage, Alaska and Martha's Vineyard in 2011. With JetBlue, all seats are assigned, all fares are one-way, and an overnight stay is never required. For information or reservations call 1-800-JETBLUE (1-800-538-2583), TTY/TDD 1-800-336-5530 or visit www.jetblue.com.

This press release contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words "expects," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook," "may," "will," "should," "seeks," "targets" and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; increases in fuel prices, maintenance costs and interest rates; our ability to implement our growth strategy, including the ability to operate reliably the EMBRAER 190 aircraft and our new terminal at JFK; our significant fixed obligations; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on high daily aircraft utilization; our dependence on the New York metropolitan market and the effect of increased congestion in this market; our reliance on automated systems and technology; our being subject to potential unionization; our reliance on a limited number of suppliers; changes in or additional government regulation; changes in our industry due to other airlines' financial condition; a continuance of the economic recessionary conditions in the U.S. or a further economic downturn leading to a continuing or accelerated decrease in demand for domestic and business air travel; and external geopolitical events and conditions. Further information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's 2010 Annual Report on Form 10-K. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

SOURCE JetBlue Airways



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