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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US Airways Group Posts Better Than Expected Q1 Results

US Airways Group Posts Better Than Expected Q1 Results



Apr 26, 2011

US Airways Group (NYSE:LCC) reported a Q1 loss of $0.68 per share, better than the expected loss of $0.72 per share. Revenue for the quarter was up 11.7% year-over-year to $2.96 billion, edging the consensus estimate for $2.94 billion.

US Airways Group, Inc. Chairman and CEO Doug Parker stated, "Our first quarter results were clearly impacted by the extremely high price of oil, but our team did an exceptional job of managing to largely offset that impact. Demand for our product was strong and unit revenues increased more than eight percent. We also continued to keep our non-fuel expenses in check as evidenced by a year-over-year decline in our mainline non-fuel unit costs."