And they don't look good....
Bolding below is mine.
NEW YORK, June 2 /PRNewswire-FirstCall/ -- JetBlue Airways Corporation (Nasdaq: JBLU) reported today that its traffic in May decreased 3.3 percent from May 2008, on a capacity decrease of 1.1 percent.
Load factor for May 2009 was 77.4 percent, a decrease of 1.8 points from May 2008. JetBlue's preliminary completion factor was 99.7 percent and its on-time (1) performance was 77.3 percent.
JetBlue's preliminary passenger revenue per available seat mile for the month of May decreased ten percent year over year.
Code:
JETBLUE AIRWAYS TRAFFIC RESULTS
May 2009 May 2008 % Change
Revenue passenger miles (000) 2,095,245 2,167,648 (3.3)%
Available seat miles (000) 2,706,665 2,736,173 (1.1)%
Load factor 77.4% 79.2% (1.8) pts.
Revenue passengers 1,829,301 1,802,208 1.5 %
Departures 18,126 17,070 6.2 %
Average stage length 1,060 1,139 (6.9)%
Y-T-D 2009 Y-T-D 2008 % Change
Revenue passenger miles (000) 10,357,741 11,014,525 (6.0)%
Available seat miles (000) 13,406,200 14,003,460 (4.3)%
Load factor 77.3% 78.7% (1.4) pts.
Revenue passengers 9,074,459 9,258,602 (2.0)%
Departures 89,476 87,357 2.4 %
Average stage length 1,064 1,132 (6.0)%
(1) The U.S. Department of Transportation considers on-time arrivals to be
those domestic flights arriving within 14 minutes of schedule.
Seeing the LF hold reasonably steady is good but a 10% drop in PRASM is going to hurt. Last month they actually increased PRASM over 2008. And May included the Memorial Day holiday, typically a higher fare time of year.