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Friday, June 10, 2011

JetBlue Airways Reports May Traffic Up 10.6%

- JetBlue Airways Reports May Traffic Up 10.6%

Jun 10, 2011

JetBlue Airways Corporation (NASDAQ:JBLU) reported today that May traffic increased 10.6% to 2.54 billion revenue passenger miles, up 2.30 billion RPMs in May of 2010.

The airline's total capacity increased 8.9% in the month, resulting in a 1.3-point increase in load factor to 82.6%.

The company's preliminary completion factor was 99.6%, while its on-time performance was 76.2%.

Year to date, JetBlue's traffic is up 7.6% over the first five months of 2010, with capacity up 3.9% and load factor up 2.8 points to 81.3%.

JetBlue Airways has a potential upside of 33.6% based on a current price of $5.52 and an average consensus analyst price target of $7.38.

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