JetBlue Airways reports double-digit operating profit growth in 4Q and 2014

JetBlue Airways revenue up 6% - financial highlights:

• Three months ended 31-Dec-2014:
• • Total operating revenue: USD1446 million, +5.9% year-on-year;
  • Total operating costs: USD1277 million, +2.1%;
  • • Fuel: USD436 million, -6.5%;
    • Labour: USD331 million, +13.1%;
  • Operating profit: USD169 million, +46.6%;
  • Net profit: USD88 million, +87%;
  • Revenue passengers: 8.0 million, +8.7%;
  • Load factor: 82.1%, +1.2 ppt;
  • Yield: USD 14.13 cents, -1.5%;
  • Passenger revenue per ASM: USD 11.61 cents, -0.1%;
  • Operating revenue per ASM: USD 12.64 cents, -1.0%;
  • Operating cost per ASM: USD 11.17 cents, -4.5%;
  • Average stage length: 1088 miles, -0.6%;
• 12 months ended 31-Dec-2014:
• • Total operating revenue: USD5817 million, +6.9%;
  • Total operating costs: USD5302 million, +5.7%;
  • • Fuel: USD1912 million, +0.7%;
    • Labour: USD1294 million, +14.1%;
  • Operating profit: USD515 million, +20.3%;
  • Net profit: USD401 million, +139%;
  • Revenue passengers: 32.1 million, +5.3%;
  • Load factor: 84.0%, +0.3 ppt;
  • Yield: USD 14.13 cents, +1.9%;
  • Passenger revenue per ASM: USD 11.88 cents, +2.3%;
  • Operating revenue per ASM: USD 12.93 cents, +1.7%;
  • Operating cost per ASM: USD 11.78 cents, +0.6%;
  • Average stage length: 1088 miles, -0.2%;
  • Total assets: USD7829 million'
  • Cash and cash equivalents: USD341 million;
  • Total liabilities: USD5300 million. [more - original PR]

JetBlue Airways: "We are excited about the trajectory of our company. While fuel prices have fallen substantially, we are not changing our business plan and the actions we outlined at our Investor Day in November," Robin Hayes, President. Source: Company statement, 29-Jan-2015.