JetBlue Airways Reports February Traffic

JetBlue Airways Corporation JBLU reported its preliminary traffic results for February 2011. Traffic in February increased 9.0 percent from February 2010, on a capacity increase of 1.4 percent.

Load factor for February 2011 was 80.1 percent, an increase of 5.6 points from February 2010. JetBlue's preliminary completion factor was 95.0 percent and its on-time (1) performance was 65.5 percent. JetBlue's preliminary passenger revenue per available seat mile (PRASM) for the month of February increased 18 percent year over year.

Approximately three points of this increase are attributable to the impact of severe weather in the Northeast at the beginning of the month, which resulted in a lower than expected completion factor. For the first quarter of 2011, PRASM is expected to increase between 14 and 16 percent year over year.