How Did JetBlue Perform Operationally In October?

-32.50%
Downside
7.42
Market
5.01
Trefis
JBLU: JetBlue Airways logo
JBLU
JetBlue Airways

JetBlue Corporation (NASDAQ:JBLU), like its competitors, suffered operationally on the back of adverse weather conditions that hit the U.S. East Coast and the Caribbean in Q3. The company expects these factors to hurt financials through the remainder of the year.

Despite this, October operations saw steady increases across most key metrics. In the month, the carrier managed to grow its capacity at a rate of 6.8% y-o-y, bringing the year-to-date capacity growth to 4.5%, which is much higher in comparison to its peers. In terms of traffic, revenue passenger miles were up a modest 3.7% y-o-y, and up 3.7% in the year so far.

Further, revenue passengers were up by about 4.4% y-o-y, and 5.2% in the year-to-date. The load factor was down a significant 240 bps to 82.4%. Additionally, the company managed to report a preliminary completion factor of 97.8%, while its on-time performance came in at 79.5%.

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com

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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