NEW YORK, Sept. 7, 2007 (PRIME NEWSWIRE) -- JetBlue Airways Corporation (Nasdaq:JBLU) reported today that its traffic in August increased 13.4 percent from August 2006, on a capacity increase of 9.8 percent.
Load factor for August 2007 was 86.4 percent, an increase of 2.7 points from August 2006. JetBlue's preliminary completion factor was 99.1 percent and its on-time (1) performance was 70.1 percent. JetBlue's preliminary passenger revenue per available seat mile for the month of August increased 15 percent year over year.
JETBLUE AIRWAYS TRAFFIC RESULTS
August 2007 August 2006 % Change
Revenue passenger miles (000) 2,514,727 2,217,400 13.4
Available seat miles (000) 2,909,016 2,648,248 9.8
Load factor 86.4% 83.7% 2.7 pts.
Revenue passengers 2,025,331 1,729,179 17.1
Departures 17,430 14,743 18.2
Average stage length 1,163 1,190 (2.2)
Y-T-D 2007 Y-T-D 2006 % Change
Revenue passenger miles (000) 17,688,629 15,877,783 11.4
Available seat miles (000) 21,217,151 19,051,536 11.4
Load factor 83.4% 83.3% 0.1 pts.
Revenue passengers 14,718,157 12,307,743 19.6
Departures 130,609 101,076 29.2
Average stage length 1,126 1,236 (8.9)
SOURCE: JetBlue Airways Corporation
(1) The U.S. Department of Transportation considers on-time arrivals
to be those domestic flights arriving within 14 minutes of schedule.
New York-based JetBlue Airways has created a new airline category based on value, service and style. Known for its award-winning service and free TV as much as its low fares, JetBlue is now pleased to offer customers the most legroom throughout coach (based on average fleet-wide seat pitch for U.S. airlines). JetBlue is also America's first and only airline to offer its own Customer Bill of Rights, with meaningful compensation for customers inconvenienced by service disruptions within JetBlue's control. Visit www.jetblue.com/promise for details. JetBlue serves 54 cities with up to 575 daily flights. With JetBlue, all seats are assigned, all travel is ticketless, all fares are one-way, and an overnight stay is never required. For information or reservations call 1-800-JETBLUE (1-800-538-2583) or visit www.jetblue.com.
DIRECTV(r) service is not available on flights outside the continental United States; however, where applicable, FOX InFlight(tm) is offered complimentary on these routes. FOX InFlight(tm) is a trademark of Twentieth Century Fox Film Corporation. JetBlue's in-flight entertainment is powered by LiveTV, a wholly owned subsidiary of JetBlue.
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This press release contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; increases in fuel prices, maintenance costs and interest rates; our ability to implement our growth strategy, including the ability to operate reliably the EMBRAER 190 aircraft; our significant fixed obligations; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on high daily aircraft utilization; our dependence on the New York metropolitan market and the effect of increased congestion in this market; our reliance on automated systems and technology; our being subject to potential unionization; our reliance on a limited number of suppliers; changes in or additional government regulation; changes in our industry due to other airlines' financial condition; and external geopolitical events and conditions. Further information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's 2006 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.