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JetBlue Airways' revenue up 13.1% in 4Q2010

28-Jan-2011 1:21 PM

JetBlue Airways reports the following financial/traffic highlights:

  • Three months ended Dec-2010:
    • Operating revenue: USD940 million, +13.1% year-on-year;
    • Operating costs: USD883 million, +14.9%;
      • Aircraft fuel: USD290 million, +24.8%;
      • Labour: USD227 million, +13.4%;
    • Operating income: USD57 million, -8.9%;
    • Net income: USD9 million, -18.2%;
    • Revenue passengers: 6.0 million, +10.7%;
    • Passenger load factor: 81.9%, +2.5 ppts;
    • Yield per passenger mile: USD12.11 cents, +4.1%;
    • Operating revenue per ASM: USD11.03 cents, +5.9%;
    • Operating expense per ASM: USD10.34 cents, +7.6%;
    • Average number of operating aircraft: 158.4, +4.9%;
  • 12 months ended Dec-2010:
    • Operating revenue: USD3,779 million, +14.8%;
    • Operating costs: USD3,446 million, +14.6%;
      • Aircraft fuel: USD1,115 million, +18%;
      • Labour: USD891 million, +14.8%;
    • Operating income: USD333 million, +17.4%;
    • Net income: USD97 million, +59.0%;
    • Revenue passengers: 24.3 million, +8%;
    • Passenger load factor: 81.4%, +1.7 ppts;
    • Yield per passenger mile: USD12.07 cents, +6.8%;
    • Operating revenue per ASM: USD10.88 cents, +7.6%;
    • Operating expense per ASM: USD9.92 cents, +7.4%;
    • Average number of operating aircraft: 153.5, +3.7%.
  • 1Q2011 forecast:
    • CASM: +11% to +13%;
    • CASM (excluding fuel): +3% to +5%;
    • Capacity: +1% to +3%;
  • 2011 forecast:
    • CASM: +8% to +10%;
    • CASM (excluding fuel): -1% to +2%.
    • Capacity: +7% to +9%. [more]