JetBlue 2Q2014 operating profit up 38%

JetBlue revenue up 12% - financial highlights:

• Three months ended 30-Jun-2014:
• • Total operating revenue: USD1493 million, +11.9% year-on-year;
  • Total operating costs: USD1352 million, +9.8%;
  • • Fuel: USD497 million, +6.9%;
    • Labour: USD316 million, +13.2%;
  • Operating profit: USD141 million, +38.2%;
  • Net profit: USD230 million, +539%;
  • Pasenger numbers: 8.2 million, +5.5%;
  • Load factor: 84.6%, -0.3 ppt;
  • Average fare: USD167.8, +6.5%;
  • Yield: USD 14.25 cents, +6.3%;
  • Passenger revenue per ASM: USD 12.05 cents, +6.0%;
  • Operating revenue per ASM: USD 13.12 cents, +5.6%;
  • Operating cost per ASM: USD 11.88 cents, +3.5%;
  • Cost per ASM excl fuel: USD 7.51 cents, +5.1%;
• Six months ended 30-Jun-2014:
• • Total operating revenue: USD2842 million, +7.9%;
  • Total operating costs: USD2660 million, +7.6%;
  • • Fuel: USD961 million, +3.1%;
    • Labour: USD645 million, +15.4%;
  • Operating profit: USD182 million, +13.0%;
  • Net profit: USD234 million, +368%;
  • Passenger numbers: 15.5 million, +3.1%;
  • Load factor: 83.9%, -0.5 ppt;
  • Average fare: USD167.75, +4.9%;
  • Yield: USD 14.22 cents, +4.1%;
  • Passenger revenue per ASM: USD 11.93 cents, +3.5%;
  • Operating revenue per ASM: USD 13.04 cents, +3.4%;
  • Operating cost per ASM: USD 12.20 cents, +3.0%;
  • Cost per ASM excl fuel: USD 7.79 cents, +5.6%;
  • Total assets: USD7657 million;
  • Cash and cash equivalents: USD454 million;
  • Total liabilities: USD5342 million. [more - original PR - I] [more - original PR - II]

JetBlue: "For the third quarter of 2014, CASM is expected to increase between 0.5% and 2.5% versus the year-ago period. Excluding fuel and profit sharing, CASM in the third quarter is expected to increase between 1.0% and 3.0% year over year. CASM for the full year is expected to increase between 1.0% and 3.0% over full year 2013. Excluding fuel and profit sharing, CASM in 2014 is expected to increase between 2.5% and 4.5% year over year. Capacity is expected to increase between 3.0% and 5.0% in the third quarter. For the full year, capacity is expected to increase between 4.0% and 6.0%." Source: Company statement, 24-Jul-2014.