How Did JetBlue Perform Operationally In May?
JetBlue Corporation (NYSE:JBLU) managed to report good increases in all key operational metrics in May. In the month, the carrier managed to grow its capacity at a rate of 3.7% y-o-y, bringing the year-to-date capacity growth to 4.6%, much higher in comparison to its peers. In terms of traffic, revenue passenger miles were up a modest 3.8% y-o-y in May, and 4.7% in the year so far.
Further, revenue passengers were up by about 4.9% y-o-y, and 7% in the year-to-date. Unlike last month, the load factor was down by 10 bps to 84.7%. Additionally, the company managed to report a preliminary completion factor of 97.4%, while its on-time performance came in at 67.2%.
As mentioned previously, the company announced its intention to no longer provide monthly PRASM figures. Although a number of airlines do not report PRASM figures on a monthly basis, the move away from transparency shows that all is not well on the pricing side.
That said, the company continues to expect revenue per available seat mile (RASM) figures for the second month to lie within the 3%-6% range.
Notes:
- Gaining Over 20% This Year, What Lies Ahead For JetBlue Stock Following Q1 Results?
- Should You Pick JetBlue Stock At $6 After Q4 Beat?
- What’s Next For JetBlue Stock After A 35% Fall This Year?
- Here’s What To Expect From JetBlue’s Q2
- Will JetBlue Stock Recover To Its Pre-Inflation Shock Highs?
- What Led To A 62% Fall In JetBlue Stock Since 2019?
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2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for JetBlue Corporation
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