JetBlue expects PRASM, RASM to decline for 1Q2016 while load factors remain solid

JetBlue Airways stated (08-Mar-2016) preliminary revenue per available seat mile for Feb-2016 is estimated to have decreased between 10.0% and 10.5% year-over-year, on capacity growth of about 19.6%. The carrier anticipates RASM will decrease between 7% and 8% year-over-year, noting yields are lower while load factors remain solid. The Latin American region saw more pressure compared to the US domestic market, according to JetBlue, who attributes the year-over-year RASM decline to tougher comparisons with storms (increasing Feb-2016 unit revenue by 2.5% in 2015) as well as capacity additions by JetBlue and competitors. [more - original PR]