JetBlue's revenue surges 20.5% in three months ended 30-Sep, profits jump

JetBlue revenue up 20.5% - financial/traffic highlights for the three months ended 30-Sep-2010:

• Revenue: USD1,030 million, +20.5% year-on-year;
• Operating costs; USD890 million, +12.9%;
  • Fuel: USD292 million, +14.7%;
  • Labour: USD227 million, +14.5%;
• Operating profit: USD140 million, +111.1%;
• Net profit: USD59 million, +293.3%;
• Total assets: USD6,618 million, +0.9% when compared to period ended 31-Dec-2009;
• Total debt: USD3,064 million, +5.3% when compared to period ended 31-Dec-2009;
• Cash and cash equivalents: USD498 million, -44.4%;
• Passenger numbers: 6.6 million, +9.3%;
• Load factor: 84.6%, +0.9 ppt;
• Average fares: USD141.79, +11.6%;
• Passenger yield: USD 12.10 cents, +11.4%;
• Passenger revenue per ASM: USD 10.24 cents, +12.5%;
• Revenue per ASM: USD 11.32 cents, +11.1%;
• Cost per ASM: USD 9.78 cents, +4.1%;
• Average sector length: 1,103 miles, +2.1%;
• 4Q2010 forecast:
  • Capacity (ASMs): +8% to +10%;
  • Passenger revenue per ASM: +12% to +15%;
  • Revenue per ASM: +10% to +13%;
  • Cost per ASM: +7% to +9%;
  • Cost per ASM excl fuel: +2% to +4%;
• FY2010 forecast:
  
  • Capacity: +6% to +8%;
  • Passenger revenue per ASM: +9% to +12%;
  • Revenue per ASM: +7% to +10%;
  • Cost per ASM: +7% to 9%;
  • Cost per ASM excl fuel: +5% to +7%. [more]

JetBlue: "Looking ahead, we are encouraged by strong revenue trends - particularly in our Boston and Caribbean markets. We expect this revenue momentum to continue into the fourth quarter," Ed Barnes, CFO. Source: JetBlue, 21-Oct-2010.