My Account Menu

CAPA Login


Register to trial CAPA Membership!

JetBlue reports record revenues and highest-ever quarterly operating income in 2Q2010

23-Jul-2010 12:53 PM

JetBlue revenue up 16.4% - financial/traffic highlights:

  • Three months ended 30-Jun-2010:
    • Total operating revenue: USD939 million, +16.4% year-on-year;
    • Total operating costs: USD845 million, +15.5%;
      • Fuel: USD279 million, +18.4%;
      • Labour: 218 million, +13.4%;
      • Landing fees and other rentals: USD58 million, +7.0%;
    • Operating profit: USD94 million, +25.3%;
    • Net profit: USD30 million, +50%;
    • Passenger numbers: 6.1 million, +7.4%;
    • Load factor: 82.0%, +2.5 ppts;
    • Average fares: USD139.02, +9.7%;
    • Yield: USD 11.93 cents, +8.2%;
    • Passenger revenue per ASM: USD 9.78 cents, +11.7%;
    • Operating revenue per ASM: USD 10.81 cents, +10.4%;
    • Operating costs per ASM: USD 9.72 cents, +9.5%;
    • Operating costs per ASM excl fuel: USD 6.51 cents, +8.2%;
  • Six months ended 30-Jun-2010:
    • Total operating revenue: USD1,809 million, +13.1%;
    • Total operating costs: USD1,673 million, +15.3%;
      • Fuel: USD533 million, +16.4%;
      • Labour: USD437 million, +15.7%;
      • Landing fees and other rentals: USD112 million, +7.9%;
    • Operating profit: USD136 million, -8.6%;
    • Net profit: USD29 million, -9.4%;
    • Passenger numbers: 11.6 million, +6.0%;
    • Load factor: 79.5%, +1.7 ppt;
    • Average fare: USD140.43, +8.1%;
    • Yield: USD 12.02 cents, +6.0%;
    • Passenger revenue per ASM: USD 9.55 cents, +8.3%;
    • Operating revenue per ASM: USD 10.57 cents, 10.57 cents, +6.9%;
    • Operating costs per ASM: USD 9.77 cents, +9.0%;
    • Costs per ASM excl fuel: USD 6.66 cents, +8.6%;
    • Cash and cash equivalents: USD477 million, compared to USD896 million as at 31-Dec-2009;
    • Total assets: USD6,590 million, compared to USD6,557 million as at 31-Dec-2009;
    • Total debt: USD3,116 million, compared to USD3,304 million as at 31-Dec-2009;
  • 3Q2010 forecast:
    • Passenger revenue per ASM: +12% to +15%;
    • Revenue per ASM: +11% to +14%;
    • Costs per ASM: +3% to +5%;
    • Costs per ASM excl fuel: +2% to +4%;
  • FY2010 forecast:
    • Passenger revenue per ASM: +9% to +12%;
    • Revenue per ASM: +8% to +11%;
    • Costs per ASM: +6% to +8%;
    • Costs per ASM excl fuel: +4% to +6%. [more - Perspective]

JetBlue: "We are encouraged by the strengthening revenue environment as we continue to develop additional revenue streams with Sabre, our new customer service and reservations system. With some of our biggest challenges behind us - including the closure of JFK Airport's principal runway and the implementation of Sabre - we are optimistic about the rest of the year,” Dave Barger, CEO. Source: JetBlue, 22-Jul-2010.