NEW YORK–(BUSINESS WIRE)– JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for March 2017. Traffic in March increased 2.9 percent from March 2016, on a capacity increase of 4.2 percent.
Load factor for March 2017 was 85.7 percent, a decrease of 1.1 points from March 2016. JetBlue’s preliminary completion factor was 96.1 percent and its on-time (1) performance was 70.8 percent. JetBlue’s preliminary revenue per available seat mile (RASM) for the month of March decreased approximately 6.5 percent year over year. March RASM increased approximately 0.5 percent excluding an estimated 7 point impact from the timing of Easter, one point larger than previously expected. First quarter RASM is now expected to decline approximately 4.8 percent. JetBlue continues to expect that April RASM, adjusted for Easter, will increase more than March.
Effective for the second quarter, JetBlue will no longer report monthly RASM. JetBlue will provide 2Q17 RASM guidance on the first quarter earnings conference call on April 25, 2017.