JetBlue Airways May Traffic, Capacity Rise; Lowers 2016 Capacity Guidance

(RTTNews) - JetBlue Airways Corp. (JBLU) reported that its traffic for the month of May 2016 increased 10.7 percent from May 2015, on a capacity increase of 12.1 percent.

However, load factor for May 2016 was 84.6 percent, a decrease of 1.1 points from May 2015.

JetBlue's preliminary completion factor for the month was 99.6 percent and its on-time performance was 80.7 percent.

JetBlue's preliminary revenue per available seat mile or RASM for the month of May decreased approximately 7 percent year over year.

For the second quarter of 2016, JetBlue projects RASM to decrease between seven and a half and eight and a half percent year over year, toward the lower end of prior expectations.

JetBlue lowered its full-year capacity guidance and now expects year over year available seat mile growth in 2016 to be between 8.0 and 9.5 percent, down from its prior guidance of 8.5 to 10.5 percent.