22-Oct-2010 1:37 PM
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.