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JetBlue Q3 operating revenues $1.7 billion

Staff writer |
JetBlue reported record third quarter operating revenues of $1.7 billion. Revenue passenger miles for the third quarter increased 9.2% to 11.1 billion.

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Capacity increase was 10.4%, resulting in a third quarter load factor of 85.3%, a decrease of 0.9 point year over year.

Yield per passenger mile in the third quarter was 14.02 cents, up 0.5% compared to the third quarter of 2014.

Passenger revenue per available seat mile (PRASM) for the third quarter 2015 decreased 0.6% year over year to 11.96 cents and operating revenue per available seat mile (RASM) was essentially flat year over year at 13.01 cents.

Operating expenses for the quarter decreased 2.0%, or $29 million, over the prior year period. Interest expense for the quarter declined 16.2%, or $5 million, as JetBlue continued to reduce its debt.

JetBlue’s operating expense per available seat mile (CASM) for the third quarter decreased 11.2% year over year to 10.30 cents. Excluding fuel and profit sharing, third quarter CASM1 increased 2.4% to 7.31 cents.

System on time departures, or D0, decreased 2.4 points year-over-year in the third quarter. System arrival performance, or A14, improved 1.4 points. Completion factor improved 0.5 points.

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