JetBlue Airways Q2 Profit Down - Quick Facts

(RTTNews) - JetBlue Airways Corp. (JBLU) reported that its net income for the second quarter 2015 declined to $152 million or $0.44 per share from $230 million or $0.68 per share in the second quarter 2014. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Net income, excluding special items, for the second quarter 2014 was $61 million, or $0.19 per share.

Pre-tax income of $250 million in the second quarter 2015. On a GAAP basis, pre-tax income was $345 million in the second quarter of 2014, which included the gain on sale of JetBlue's wholly-owned subsidiary LiveTV.

Total operating revenues for the quarter grew to $1.612 billion from $1.493 billion in the previous year. Wall Street analysts had a consensus revenue estimate of $1.62 billion for the quarter.

Revenue passenger miles for the second quarter increased 8.7% to 10.5 billion on a capacity increase of 7.5%, resulting in a second quarter load factor of 85.6%, an increase of 1.0 points year over year.

Consolidated operating cost per available seat mile or CASM excluding fuel and profit sharing is expected to increase between 1.0% and 3.0% in the third quarter 2015 and between zero and 1.5% percent for the full year. This represented a 0.5% reduction to the top end of our CASM excluding fuel and profit sharing guidance range.

Capacity is expected to increase between 8.5% and 10.5% in the third quarter 2015 and between 7.0% and 9.0% for the full year, consistent with prior guidance. At present, it anticipates ending the year at the higher end of its annual capacity guidance.