JetBlue Sees Drop in Revenue for February
The New York-based airline said its revenue per available seat mile or RASM during the month was down by approximately 10% when compared to the same period last year. In ist SEC filing, it said it expects this decline in RASM to negatively affect its first quarter of 2016 results. It expects RASM to be down by 7% to 8% when compared to Q1 2015.
The New York-based airline’s passenger traffic for the month was 3.455 billion revenue passenger miles, or RPMs, a year-over-year increase of 19.1% from 2.901 billion RPMs in February of last year.
The carrier’s capacity also increased, 19.6% to 4.155 billion available seat miles, or ASMs, from 3.475 billion ASMs in February 2015.
JetBlue’s passenger load factor for the month, however, was 83.1%, a 0.4 percentage point decrease from 83.5% in the same month last year.
(Photo: Accura Media Group)