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JetBlue reports strong profit growth in 2Q2012

2-Aug-2012 3:48 PM

JetBlue revenue up 11% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: USD1277 million, +11.0% year-on-year;
    • Operating costs: USD1147 million, +7.7%;
      • Fuel: USD450 million, +2.4%;
      • Labour: USD265 million, +12.8%;
    • Operating profit: USD130 million, +51.0%;
    • Net profit: USD52 million, +108%;
    • Passenger numbers: 7.3 million, +10.8%;
    • Load factor: 85.3%, +3.8 ppts;
    • Average fare: USD159.58, +1.0%;
    • Yield: USD 13.78 cents, +1.3%;
    • Passenger revenue per ASM: USD 11.76 cents, +6.1%;
    • Operating revenue per ASM: USD 12.82 cents, +5.2%;
    • Operating costs per ASM: USD 11.51 cents, +2.1%;
    • Operating cost per ASM excl fuel: USD 6.99 cents, +5.6%;
    • Average stage length: 66,067 miles, +7.2%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: USD2480 million, +14.7%;
    • Operating costs: USD2261 million, +11.3%;
      • Fuel: USD883 million, +11.5%;
      • Labour: USD520 million, +10.6%;
    • Operating profit: USD219 million, +66.8%;
    • Net profit: USD82 million, +193%;
    • Passenger numbers: 14.2 million, +12.1%;
    • Load factor: 84.1%, +2.7 ppts;
    • Average are: USD159.75, +3.6%;
    • Yield: USD 13.82 cents, +3.5%;
    • Passenger revenue per ASM: USD 11.63 cents, +6.9%;
    • Operating revenue per ASM: USD 12.72 cents, +5.6%;
    • Operating cost per ASM: USD 11.60 cents, +2.5%;
    • Operating cost per ASM excl fuel: USD 7.07 cents, +2.4%;
    • Average stage length: 129,613 miles, +9.5%;
    • Total assets: USD7132 million, +0.9% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: USD652 million, -3.1% when compared to period ended 31-Dec-2011;
    • Total liabilities: USD5291 million, -0.4% when compared to period ended 31-Dec-2011;
  • 3Q2012 forecast:
    • Capacity (ASMs): +7% to +9%;
    • CASM: +1.0% to +3.0%;
    • CASM excl fuel: +4.5% to +6.5%;
  • FY2012 forecast:
    • Capacity (ASMs): +6.5% to +8.5%;
    • CASM: +1.0% to +3.0%;
    • CASM excl fuel: +2.5% to +4.5%. [more - original PR]

JetBlue: “Our strong second quarter unit revenue results reflect our continued success in attracting both leisure and higher yielding business traffic while growing our network,” Robin Hayes, chief commercial officer. Source: Company statement, 25-Jul-2012.