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JetBlue operating profit up 48% on the back of record revenue in 4Q2011

27-Jan-2012 11:09 AM

JetBlue revenue up 22% - financial highlights:

  • Three months ended 31-Dec-2011:
    • Operating revenue: USD1146 million, +22.1% year-on-year;
    • Operating costs: USD1063 million, +20.4%;
      • Fuel: USD418 million, +44.0%;
      • Labour: USD241 million, +6.0%;
    • Operating profit: USD83 million, +47.8%;
    • Net profit: USD23 million, +187.5%;
    • Passenger numbers: 6.7 million, +10.8%;
    • Load factor: 82.2%, +0.3 ppt;
    • Average fare: USD155.6 million, +11.4%;
    • Yield per RPM: USD 13.44 cents, +11.3%;
    • Passenger revenue per ASM: USD 11.05 cents, +11.8%;
    • Operating revenue per ASM: USD 12.16 cents, +10.5%;
    • Operating cost per ASM: USD 11.27 cents, +9.0%;
    • Cost per ASM excl fuel: USD 6.85 cents, -1.5%;
    • Average stage length: 1090 miles, -0.3%;
  • 12 months ended 31-Dec-2011:
    • Operating revenue: USD4504 million, +19.2%;
    • Operating costs: USD4182 million, +21.4%;
      • Fuel: USD1664 million, +49.2%;
      • Labour: USD947 million, +6.2%;
    • Operating profit: USD322 million, -3.7%;
    • Net profit: USD86 million, -11.3%;
    • Passenger numbers: 26.4 million, +8.7%;
    • Load factor: 82.4%, +1.0 ppt;
    • Average fare: USD154.74, +10.0%;
    • Yield per RPM: USD 13.29 cents, +10.2%;
    • Passenger revenue per ASM: USD 10.96 cents, ++1.6%;
    • Operating revenue per ASM: USD 12.10 cents, +11.2%;
    • Operating cost per ASM: USD 11.23 cents, +13.3%;
    • Cost per ASM excl fuel: USD 6.76 cents, +0.9%;
    • Average stage length: 1091 miles, -0.8%;
    • Total assets: USD7071 million, +7.3%;
    • Cash and cash equivalents: USD673 million, +44.7%;
    • Total liabilities: USD5314 million, +7.6%;
  • 1Q2012 forecast:
    • Capacity (ASMs): +9.5% to +11.5%;
    • Cost per ASM: +2.0% to +4.0%;
    • Cost per SAM excl fuel: -0.5% to +1.5%;
  • FY2012 forecast:
    • Capacity: +5.5% to +7.5%;
    • Cost per ASM: +1.5% to +3.5%;
    • Cost per ASM excl fuel: +2.0% to +5.0%. [more – original PR]

JetBlue: "JetBlue's solid fourth quarter results capped a very good year for JetBlue. Throughout 2011, we executed on our network strategy in key markets such as Boston and the Caribbean, resulting in record revenue performance. At the same time, we maintained our focus on cost control while running an efficient operation, which helped mitigate the impact of rising fuel prices,” Dave Barger, CEO. Source: JetBlue, 27-Jan-2012.