JetBlue TrueBlue - JetBlue reports July '08 traffic

Actually pretty good numbers. LF is down 0.3% on a capacity increase of 2.1%. And RASM is up 11%, which is huge.

Completion rate was 96.8%, which isn't particularly good.

JETBLUE AIRWAYS TRAFFIC RESULTS

July 2008 July 2007 % Change

Revenue passenger miles (000) 2,537,489 2,496,236 1.7%
Available seat miles (000) 2,931,615 2,872,612 2.1%
Load factor 86.6% 86.9% (0.3) pts.
Revenue passengers 2,103,720 2,014,986 4.4%
Departures 18,091 17,092 5.8%
Average stage length 1,150 1,170 (1.7)%



Y-T-D 2008 Y-T-D 2007 % Change

Revenue passenger miles (000) 15,856,650 15,173,902 4.5%
Available seat miles (000) 19,709,531 18,308,135 7.7%
Load factor 80.5% 82.9% (2.4) pts.
Revenue passengers 13,258,904 12,692,826 4.5%
Departures 122,592 113,179 8.3%
Average stage length 1,137 1,120 1.5%

(1) The U.S. Department of Transportation considers on-time arrivals
to be those domestic flights arriving within 14 minutes of
schedule.


http://investor.jetblue.com/phoenix.zhtml?c=131045&p=irol-newsArticle&ID=1184395&highlight=

Not as big of a deal as the quaterly call a few weeks ago, but nonetheless, great numbers for this tough operating environment ^

96.8% completion factor may not be great - like the old days of ~99% - however, this is expected, as pre-cancellation due to weather seems to be the norm in this post-2/14 world. Average stage length also decreased which is good with these oil prices. Ontime performance again is lagging at 64.7% - what's the industry look like in this respect?

Q: Traffic increased 1.7%, capacity increased 2.1%

Wouldn't that result in a .4% LF decline? How did LF decrease .3 points?? Not that .1 is a huge deal, but am I missing something here?

Also, maybe Dave will touch upon these results - don't forget to watch tonight at 9EST!!!

http://www.flyertalk.com/forum/showthread.php?t=852727

Q: Traffic increased 1.7%, capacity increased 2.1%

Wouldn't that result in a .4% LF decline? How did LF decrease .3 points?? Not that .1 is a huge deal, but am I missing something here?A: It's because the final numbers are rounded.

For example, they could have originally been something like:

Capacity increase: 2.07%
Traffic increase: 1.73%
=
Load Factor change: (.34%)

Thank you for the explanation.

Pretty good numbers despite fares being up! Hopefully with oil back around $115/barrel we will see our position strengthen some.

It is not rounding.

Let's go thru the math here.

Last year, LF was 86.9%, = 86.9(traffic)/100(capacity)

YOY, traffic up by 1.7 pts, capacity up by 2.1 pt

so the calculation would be (86.9*101.7%)/(100*102.1%) = 86.6%

It is high school math, you cannot do capacity - traffic directly since the base for calculation not the same


A: It's because the final numbers are rounded.

For example, they could have originally been something like:

Capacity increase: 2.07%
Traffic increase: 1.73%
=
Load Factor change: (.34%)

It is not rounding.I didn't want to explain that differences in growth rates require a geometric difference.

But I'm glad that someone else did! :)

I didn't want to explain that differences in growth rates require a geometric difference.

But I'm glad that someone else did! :)

Another equally confusing high school math explanation: change in percentage points is not the same thing as percent change.