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JetBlue updates on hurricane impact

Published 10/11/2017, 09:06 AM
© Reuters.  JetBlue updates on hurricane impact
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  • JetBlue (NASDAQ:JBLU) reports traffic fell 4.4% to 3.28B revenue passenger miles during the hurricane-impacted month of September.
  • Capacity was down 0.9% to 4.089B available seat miles.
  • The carrier's load factor fell 300 bps to 80.2%.
  • JetBlue says the hurricanes lopped off $44M from revenue and about $30M to $35M from operating income.
  • Looking at the impact of the hurricanes on all of Q4, JetBlue sees revenue per available seat mile falling 1% to 2% due to Irma and Maria, while its cost per available seat mile will be up about 2.5%. Adding it all up JetBlue, expects revenue to be negatively impacted by $70M to $90M.
  • JBLU -1.88% premarket to $19.85.
  • Now read: JetBlue: Set To Soar


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