JetBlue Airways operating profit up 219% in 3Q2019, yield declines 1%

    JetBlue Airways reported (22-Oct-2019) the following financial highlights for the three months ended 30-Sep-2019:

    • Total operating revenue: USD2086 million, +3.9% year-on-year;
    • Total operating costs: USD1839 million, -4.7%;
      • Labour: USD580 million, +12.6%;
      • Fuel: USD471 million, -8.5%;
    • Operating profit: USD247 million, +219%;
    • Net profit: USD187 million, +269%;
    • Average fare: USD181.26, +3.2%;
    • Yield: USD 14.39 cents, -0.9%;
    • Passenger revenue per ASM: USD 12.30 cents, -1.4%;
    • Revenue per ASM: USD 12.80 cents, -0.9%;
    • Cost per ASM: USD 11.29 cents, -9.1%;
    • Cost per ASM excl fuel: USD 8.33 cents, +0.3%;
    • Average stage length: 1132 miles, +3.6%;
    • Total assets: USD11,319 million;
    • Cash and cash equivalents: USD695 million.