JetBlue Q3 profit essentially flat
JetBlue’s Q3 results were a mixed blessing: better revenue but also higher costs. And the carrier expects those trends to continue in the current quarter. The carrier said Tuesday that the calendar timing of Christmas this year, on a Sunday, is expected to compress the holiday travel season and could reduce unit revenue by 3 percentage points in Q4. Q3 unit revenue sagged by 3.5% year-over-year, with the average one-way fare falling 6% to US$157.87. At the same time, JetBlue expects its unit costs, excluding fuel and profit-sharing, to jump 4.5% to 6.5% in the December quarter, which will include a half a percentage point from the effects of Hurricane Matthew. In the September quarter, that metric rose 3.1%, mostly due to unexpected timing of some aircraft maintenance costs. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-26/unaligned/jetblue-q3-profit-essentially-flat
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JetBlue Q3 profit essentially flat
JetBlue’s Q3 results were a mixed blessing: better revenue but also higher costs. And the carrier expects those trends to continue in the current quarter. The carrier said Tuesday that the calendar timing of Christmas this year, on a Sunday, is expected to compress the holiday travel season and could reduce unit revenue by 3 percentage points in Q4. Q3 unit revenue sagged by 3.5% year-over-year, with the average one-way fare falling 6% to US$157.87. At the same time, JetBlue expects its unit costs, excluding fuel and profit-sharing, to jump 4.5% to 6.5% in the December quarter, which will include a half a percentage point from the effects of Hurricane Matthew. In the September quarter, that metric rose 3.1%, mostly due to unexpected timing of some aircraft maintenance costs. <br/>
