JetBlue Airways reports double-digit profit growth in 1Q2016

JetBlue Airways revenue up 6% - financial highlights for three months ended 31-Mar-2016:

• Total operating revenue: USD1616 million, +6.1% year-on-year;
• Total operating costs: USD1267 million, -0.2%;
• • Labour: USD435 million, +16.1%;
  • Fuel: USD215 million, -35.8%;
• Operating profit: USD349 million, +37.8%;
• Net profit: USD199 million, +45.6%;
• Passenger numbers: 9.1 million, +12.6%;
• Passenger load factor: 84.2%, -0.1 ppt;
• Average fare: USD162.06, -6.8%;
• Yield: USD 13.46 cents, -8.0%;
• Passenger revenue per ASM: USD 11.35 cents, -8.0%;
• Revenue per ASM: USD 12.41 cents, -7.0%;
• Operating cost per ASM: USD 9.73 cents, -12.6%;
• Operating cost per ASM excl fuel and profit sharing and related taxes: USD 7.67 cents, -3.6%;
• Average stage length: 1109 miles, +1.1%;
• Total assets: USD9062 million;
• Cash and cash equivalents: USD757 million;
• Total liabilities: USD5648 million. [more - original PR]

JetBlue Airways: "For the second quarter of 2016, the year over year change in CASM excluding fuel and profit sharing is expected to be between negative 0.5% and positive 1.5%. For the full year 2016, CASM excluding fuel and profit sharing is expected to increase between zero and 1.5 percent year over year. This represents a 0.5 percentage point reduction to the top end of our previous guidance range. Capacity is expected to increase between 9.5% and 11.5% in the second quarter 2016 and between 8.5% and 10.5% for the full year, consistent with prior guidance." Source: Company statement, 26-Ap-2016.