JetBlue posts US$180m Q2 net profit
JetBlue Airways reported a Q2 net profit of US$180m, up 18.5% over net income of $152m in the prior-year period. JetBlue’s Q2 revenue was up 2% year-over-year (YOY) to $1.64b. JetBlue’s Q2 operating expenses continued their Q1 trajectory and were flat YOY at $1.33b, with fuel expenses falling 26.1% YOY during the quarter to $274m. Operating income for the quarter was $313m, up 11% YOY. The carrier’s operating margin increased 1.6 points YOY to 19.1%. JetBlue’s unit revenue (PRASM) during Q2 fell 10.5% to 10.94 cents, compared to 12.22 cents in 2Q 2015. Traffic increased 10.3% YOY to 11.55b RPMs on an 11.1% increase in capacity to 13.6b ASMs, producing a load factor of 85% for the quarter, down 0.6 point YOY. Yield fell 9.9% YOY to 12.87 cents; RASM was down 8.2% YOY to 12.09 cents. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-27/unaligned/jetblue-posts-us-180m-q2-net-profit
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JetBlue posts US$180m Q2 net profit
JetBlue Airways reported a Q2 net profit of US$180m, up 18.5% over net income of $152m in the prior-year period. JetBlue’s Q2 revenue was up 2% year-over-year (YOY) to $1.64b. JetBlue’s Q2 operating expenses continued their Q1 trajectory and were flat YOY at $1.33b, with fuel expenses falling 26.1% YOY during the quarter to $274m. Operating income for the quarter was $313m, up 11% YOY. The carrier’s operating margin increased 1.6 points YOY to 19.1%. JetBlue’s unit revenue (PRASM) during Q2 fell 10.5% to 10.94 cents, compared to 12.22 cents in 2Q 2015. Traffic increased 10.3% YOY to 11.55b RPMs on an 11.1% increase in capacity to 13.6b ASMs, producing a load factor of 85% for the quarter, down 0.6 point YOY. Yield fell 9.9% YOY to 12.87 cents; RASM was down 8.2% YOY to 12.09 cents. <br/>
