JetBlue Airways Reports Aug Traffic Rose 104%


Aug 21, 2002
South Norwalk, CT
NEW YORK -(Dow Jones)- JetBlue Airways Corp. (NasdaqNM:JBLU - News) August traffic more than doubled to 688.8 million revenue-passenger miles from 338.4 million a year earlier, on a 95% capacity increase.
A revenue-passenger mile is one paying passenger flown one mile.
In a press release Thursday, the low-fare carrier said the 104% traffic growth for the month came as load factor, or percentage of seats filled, edged up 4 points to 90.5%.
For the first eight months of the year, traffic rose 112% to 4.26 billion revenue-passenger miles, on a 104% capacity hike. Load factor rose to 84.6% from 81.5%.
Rival low-fare airline Southwest Airlines Co. (NYSE:LUV - News) said Wednesday its August passenger traffic fell 0.7% to 4.3 billion revenue-passenger miles from 4.4 billion a year earlier, despite 3.5% capacity growth. Southwest warned that September bookings look weak.
Shares of JetBlue recently traded at $38.85, down 4 cents, or 0.1%, on Nasdaq volume of 159,900 shares. Average daily volume is 278,420 shares.
wow!!! thats great for you guys but how much profit are you making? and how many planes do you have now???