JetBlue says it set profit record for 2013

By David Jonas
JetBlue Airways for 2013 said it posted record fourth-quarter and full-year profits of $47 million and $168 million, respectively.

Extending a 15-quarter profitability streak, the fourth-quarter result compares with a $1 million net profit reported for the year-earlier period.

Passenger revenue increased 9.3% for the year, to about $5 billion, and 14% for the fourth quarter.

Other healthy fourth-quarter revenue metrics included 5% and 6% increases in passenger unit revenue and yield, respectively.

The average one-way passenger fare in the fourth quarter jumped nearly 9% to almost $169. CFO Mark Powers during a Wednesday conference call also noted that fourth-quarter ancillary revenue totaled $24 per passenger, up 18% year over year.

According to JetBlue President Robin Hayes, the revenue environment in the first quarter of 2014 "is strong." The carrier expects to increase first-quarter capacity between 2.5% and 4.5%, and as much as 7% for full-year 2014.

But first-quarter financial performance already has been plagued by airline-unfriendly weather in the Northeast this month.

JetBlue said it canceled about 1,800 flights in early January, amounting to an estimated $45 million revenue reduction and an approximately $30 million hit to operating income.

Source: Business Travel News
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll


  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."


TW Index: Most Active Stocks

Latest Top News:
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics