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JetBlue Airways operating profit up 5% in 3Q2012

26-Oct-2012 10:58 AM

JetBlue Airways revenue up 9% - financial highlights for three months ended 30-Sep-2012:

  • Total operating revenue: USD1308 million, +9.4% year-on-year;
  • Total operating costs: USD1195 million, +9.8%;
    • Fuel: USD481 million, +5.9%;
    • Labour: USD262 million, +11.2%;
  • Operating profit: USD113 million, +5.0%;
  • Net profit: USD45 million, +28.6%;
  • Passenger numbers: 7.7 million, +10.4%;
  • Load factor: 84.8%, +0.3 ppt;
  • Average fare: USD154.04, -0.5%;
  • Yield: USD 13.15 cents, +0.8%;
  • Passenger revenue per ASM: USD 11.15 cents, +1.1%;
  • Operating revenue per ASM: USD 12.21 cents, +0.7%;
  • Operating cost per ASM: USD 11.16 cents, +1.1%;
  • Cost per ASM excl fuel: USD 6.67 cents, +3.7%;
  • Total assets: USD7141 million, +1.0% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: USD542 million, -19.6% when compared to period ended 31-Dec-2011;
  • Total debt: USD2923 million, -6.8% when compared to period ended 31-Dec-2011;
  • 4Q2012 forecast:
    • Capacity (ASM): +5% to +7%;
    • Operating cost per ASM: +2.0% to +4.0%;
    • Cost per ASM excl fuel: +2.0% to +4.0%;
    • Capital expenditure:
      • Aircraft: USD165 million;
      • Non-aircraft: USD50 million;
  • FY2012 forecast:
    • Capacity: +7% to +9%;
    • Operating cost per ASM: +1.5% to +3.5%;
    • Cost per ASM excl fuel: +2.0% to +4.0%;
    • Capital expenditure:

JetBlue Airways: “Our liquidity position remains strong, relatively unchanged from year end, while we reduced our total debt balance and increased the number of unencumbered aircraft,. We believe we are on target to continue to generate strong cash from operations, while making prudent investments in the business and improving returns for shareholders," Mark Powers, CFO. Source: Company statement, 25-Oct-2012.