Posted on: 28 July 2015 by Ross McSweeny
The second quarter of 2015 (2Q15) has seen JetBlue Airways double its operating income from $141 million in the same period last year to $282 million.JetBlue also recorded record operating revenues for 2Q15 of $1.6 billion.Revenue passenger miles increased 8.7% from 2Q14 to 10.5 billion on a capacity increase of 7.5% across the respective periods, resulting in a 2Q15 load factor of 85.6%, an increase of 1.0 percentage point year-over-year. In light of this, the carrier has said capacity is expected to increase between 8.5% and 10.5% in 3Q15 and between 7% and 9% for the full year, consistent with prior guidance.JetBlue's operating expense per available seat mile (CASM) for 2Q15 has decreased 8.6% in comparison with 2Q14 to total 10.86 cents.Yield per passenger mile during 2Q15 was 14.28 cents, up 0.2% compared with the second quarter of 2014. Passenger revenue per available seat mile (PRASM) for 2Q15 increased 1.4% year over year to 12.22 cents and operating revenue per available seat mile (RASM) increased 0.4% year over year to 13.17 cents.Operating expenses for the quarter decreased 1.7%, or $22 million, over the prior year period. Interest expense for the quarter declined 15.8%, or $7 million, as JetBlue continued to reduce its debt.“We are very pleased to report strong second quarter results based on solid demand across our network, safe and efficient operations, and good cost control," commented Robin Hayes, JetBlue's president and CEO.