The LFs are not that bad (79.3%), but the drop in PRASM (-12% YoY) is worrisome from my view.
Code:
JETBLUE AIRWAYS TRAFFIC RESULTS
March 2009 March 2008 % Change
Revenue passenger miles (000) 2,246,667 2,455,292 (8.5)%
Available seat miles (000) 2,834,870 3,001,820 (5.6)%
Load factor 79.3% 81.8% (2.5) pts.
Revenue passengers 1,979,981 2,071,056 (4.4)%
Departures 18,865 18,734 0.7%
Average stage length 1,066 1,131 (5.7)%
Y-T-D 2009 Y-T-D 2008 % Change
Revenue passenger miles (000) 6,039,506 6,563,254 (8.0)%
Available seat miles (000) 7,942,489 8,395,037 (5.4)%
Load factor 76.0% 78.2% (2.2) pts.
Revenue passengers 5,290,880 5,518,098 (4.1)%
Departures 53,014 52,265 1.4%
Average stage length 1,064 1,131 (5.9)%
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