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-   -   March '09 numbers reported (https://www.flyertalk.com/forum/jetblue-trueblue/940520-march-09-numbers-reported.html)

sbm12 Apr 6, 2009 12:24 pm
March '09 numbers reported
 
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)%
http://investor.jetblue.com/phoenix....785&highlight=

BearX220 Apr 6, 2009 12:33 pm
Average stage length down while number of departures is up: good. A lot fewer ASMs: good. That's the right strategy: fly more, shorter flights bringing theoretically higher RPM.

RPM sinking faster than the load factor: not good. The right, smart strategy isn't working.

Brigri Apr 6, 2009 1:47 pm
They just can't get any fares to stick, it really is just wait it out and hope the economy picks up over the summer. They have been really smart with aircraft deliveries and right-sizing the fleet, ready to adjust the schedule up or down depending on demand. Let's hope the JFK construction is not too bad this month.

somedude24 Apr 6, 2009 5:12 pm
It appears to be an industry-wide problem. Continental's RASM for March was down about 20%...makes 12% look kinda rosy by comparison.

http://online.wsj.com/article/BT-CO-...01-717103.html

In this case, jetBlue is probably helped by not having a first- or business-class cabin. I think there are fewer business customers willing or able to pay premium fares.

sbm12 Apr 6, 2009 7:14 pm
Originally Posted by somedude24 (Post 11538330)
In this case, jetBlue is probably helped by not having a first- or business-class cabin. I think there are fewer business customers willing or able to pay premium fares.
Agreed. CO said as much, and noted that they have relatively small premium cabins compared to the other legacy carriers out there. It will be interesting to see the numbers from the other carriers as they come out this month.

JetBlueFA Apr 6, 2009 7:56 pm
Originally Posted by Brigri (Post 11537184)
Let's hope the JFK construction is not too bad this month.
HA!

jmr50 Apr 6, 2009 8:44 pm
Originally Posted by JetBlueFA (Post 11539103)
HA!
3 more trips to JFK this month. This sort of comment is making me think about getting a horse...

JAX2BOS Apr 6, 2009 9:43 pm
Originally Posted by jmr50 (Post 11539316)
3 more trips to JFK this month. This sort of comment is making me think about getting a horse...
That may be a smart idea. With weather today JetBlueFA and others had some pretty lengthy taxi times in JFK today. Not fun.


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