US Bureau of Transport Statistics (BTS) released (28-Oct-2009) its Air Travel Price Index, which showed the average domestic air fares fell 13.0% year-on-year for the three months ended 30-Jun-2009, the lowest second quarter level since 1998 and the largest year-on-year decline. Details include:
US domestic air fares down 13% in 2Q2009 to lowest level since 1998
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jetBlue Airways: confident of long term margin performance, despite short term RASM pressure
jetBlue Airways feels confident about its unit revenue trajectory, even as its 1Q2017 performance in that metric will be weaker than at some of its larger industry peers. The company has stopped short of predicting when its unit revenue will turn positive, opting not to set expectations that could fail to materialise.
Still, jetBlue believes its current and future network composition will position the airline to bolster its revenue generation, along with contribution from its Mint premium product, branded credit card pacts and fare bundles.
The company remains confident it can deliver competitive margins at growth rates in the high single digits for the near term. The majority of jetBlue’s growth centres on its focus cities, where it holds dominant positions. It continues to build out Boston and Fort Lauderdale, touting its ability to leverage its strong position in those markets to drive revenue.
For the past several years jetBlue has undertaken numerous initiatives to build up its corporate base, ranging from making its schedule offering attractive in Boston to the creation of Mint. The gamble on Mint has paid off, and helped jetBlue capture significant corporate share in Boston. But jetBlue fundamentally remains weighted toward leisure passengers, and the company believes a higher leisure passenger base should help it to maximise returns.
CAPA Americas Aviation Summit – navigating uncertainty in the era of Trump and changing tides
Aviation industry leaders and stakeholders will debate the shape of aviation in the Americas in a post Trump world. There is only one event in North America this year offering great insights into new trends and challenges emerging from the new US presidential administration and the churning global aviation markets. This takes place at the annual CAPA Americas Aviation Summit, to be held in Orlando, Florida on 4/5-April-2017.
The next few years for aviation in the Americas are filled with uncertainties, ranging from potential fallout from President Trump’s trade and travel policies to Brexit and the future shape and direction of US-China aviation relations.
“Information is the resolution of uncertainty” - Claude Shannon. Don’t miss this opportunity to gather crucial intelligence necessary for shaping the Americas aviation industry during the next decade.
Highlights from the comprehensive summit include: