JetBlue Profit Soars in Fourth Quarter

By Jesse Sokolow on 29 January 2018
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IMGP5613 (1)JetBlue Airways announced financial results for the fourth quarter of 2017.

The New York-based airline said its fourth-quarter net income rose to $672 million, a 291% increase from $172 million in Q4 2016.

The New York-based airline reported fourth quarter revenue of $1.8 billion, a 12.5% increase from last year’s $1.6 billion.

The carrier said that passenger revenue per available seat mile, or Prasm, increased by 0.8% year-over-year for the fourth quarter, up to 11.28 cents.

The airline’s passenger traffic in the fourth quarter was 11.52 billion revenue passenger miles, or RPMs, up 3.1% from 11.19 billion RPMs in the fourth quarter of 2016. Capacity also rose, by 5.1% year-over-year, up to 13.88 billion available seat miles, or ASMs, from 13.2 billion ASMs in 2016.

Meanwhile, passenger load factor in the fourth quarter decreased by 1.6 percentage points, down to 83.1% from 84.7% in the same period during the previous year.

(Photo: Accura Media Group)

Related posts:

  1. JetBlue Profit Down Significantly in First Quarter
  2. JetBlue Sees Massive Increase in First Quarter Profit
  3. JetBlue Sees Q2 Profit Soar Thanks to Higher Fares
  4. Aeromexico Profit Soars 72% in Fourth Quarter

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