JetBlue Airways: Latin America/Caribbean region ‘brightest spot’ in network during 1Q2018

    JetBlue Airways reported (24-Apr-2018) RASM growth exceeded expectations at 6.1% in 1Q2018, above its guidance range of 3.5% to 5.5%. Lower completion factor resulted in capacity growth below the low-end of the guidance range from Jan-2018. JetBlue‘s Latin and Caribbean region was the “brightest spot” in its network during 1Q2018, with leisure travel exceeding expectations. Growth remains targeted to Boston and Fort Lauderdale and skewed towards adding frequencies on existing routes. JetBlue continues to build relevance for its leisure and business customers, underpinning solid RASM growth and supporting its margin commitments. EVP of commercial and planning Marty St George said: “Since the end of 2017 demand has strengthened across our network, and we saw further close-in strength to end the quarter”. [more – original PR] [more – original PR – II]