JetBlue Airways operating profit double in 2Q2015

JetBlue Airways revenue up 8% - financial highlights:

• Three months ended 30-Jun-2015:
• • Total operating revenue: USD1612 million, +7.9% year-on-year;
  • Total operating costs: USD1330 million, -1.7%;
  • • Labour: USD375 million, +18.7%;
    • Fuel: USD371 million, -25.3%;
  • Operating profit: USD282 million, +100%;
  • Net profit: USD152 million, -33.9%;
  • Passenger numbers: 8.9 million, +8.3%;
  • Load factor: 85.6%, +1.0 ppt;
  • Average fare: USD168.85, +0.6%;
  • Yield: USD 14.28 cents, +0.2%;
  • Passenger revenue per ASM: USD 12.22 cents, +1.4%;
  • Operating revenue per ASM: USD 13.17 cents, +0.4%;
  • Operating cost per ASM: USD 10.86 cents, -8.6%;
  • Cost per ASM excl fuel: USD 7.83 cents, +4.2%;
  • Average stage length: 1085 miles, -0.3%;
• Six months ended 30-Jun-2015:
• • Total operating revenue: USD3135 million, +10.3%;
  • Total operating costs: USD2600 million, -2.3%;
  • • Labour: USD750 million, +16.3%;
    • Fuel: USD706 million, -26.5%;
  • Operating profit: USD535 million, +194%;
  • Net profit: USD289 million, +23.5%;
  • Passenger numbers: 17.0 million, +9.3%;
  • Load factor: 84.9%, +1.0 ppt;
  • Average fare: USD171.29, +2.1%;
  • Yield: USD 14.45 cents, +1.6%;
  • Passenger revenue per ASM: USD 12.28 cents, +2.9%;
  • Operating revenue per ASM: USD 13.25 cents, +1.7%;
  • Operating cost per ASM: USD 10.99 cents, -9.9%;
  • Cost per ASM excl fuel: USD 8.00 cents, +2.7%;
  • Average stage length: 1091 miles, stable;
  • Total assets: USD8317 million;
  • Cash and cash equivalents: USD422 million;
  • Total liabilities: USD5524 million. [more - original PR]

JetBlue Airways: "We posted another good quarter and continue to make progress strengthening our balance sheet. Looking forward, the execution of the initiatives described at Investor Day last November will increase free cash flow and improve our return on invested capital," Mark Powers, CFO. Source: Company statement, 28-Jul-2015.