LONDON, UK / ACCESSWIRE / September 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for JetBlue Airways Corp. (NASDAQ: JBLU), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=JBLU. The Company announced on September 13, 2017, its preliminary traffic results for August 2017. The traffic in August 2017 had increased by 5.0% YOY, on a capacity increase of 5.4%. The load factor for August 2017 was 87.1%, declining 0.3 points from August 2016. The Company's preliminary completion factor was 97.8%, while the on-time performance stood at 68.1%. The Company continues to expect the Revenue per Available seat mile (RASM) growth to vary between (1.0)% and 1% against Q3 2016. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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The Announcement

The Company announced that post-Hurricane Irma, its focus is on deploying assistance to the crewmembers and resuming operations safely, where it will update the market on the operational and financial impact of Irma in the coming weeks. JetBlue Airways reported net Revenue Passenger Miles (RPMs) of 4.42 billion in August 2017, up 5.0% from 4.21 billion RPMs in August 2016. The net Available Seat Miles (ASMs) advanced 5.4% to 5.08 billion in August 2017 from 4.82 billion ASMs in August 2016.

The load factor had dipped by 0.3% from 87.4% in August 2016 to 87.1% in August 2017. The total revenue passengers increased by 5.6% to 3.7 million in August 2017 from 3.51 million in August 2016. The Company executed a total of 31,794 departures in the period, advancing 5.4% from 30,162 departures in August 2016. The average stage length for JetBlue Airways in August 2017 was 1,076 miles, declining 1.9% from 1,097 miles in August 2016.

YTD Results

JetBlue Airways reported net RPMs of 32.43 billion for YTD 2017, advancing 4.6% from 31.00 billion RPMs for YTD 2016. Net ASMs was 38.04 billion for YTD 2017, up 4.8% from 36.30 billion ASMs for YTD 2016. Load factor for the Company declined by 0.1 points from 85.4% for YTD 2016 to 85.3% for YTD 2017. Moreover, Revenue passengers advanced by 6.4% to 27.48 million for YTD 2017 from 25.81 million revenue passengers for YTD 2016. JetBlue executed a total of 239,840 departures during the period, advancing 5.8% from 226,751 departures for YTD 2016. Average stage length fell by 2.5% from 1,103 miles for YTD 2016 to 1,075 miles for YTD 2017.

Company Growth Prospects

On August 17, 2017, JetBlue announced the start date for flights between Hartsfield?Jackson Atlanta International Airport (ATL) and three additional cities. From March 08, 2018, the Company announced that it would double the number of daily flights in Georgia's capital city. JetBlue initially announced its intent to serve the cities in 2016. The new flights, according to the Company, would build on existing nonstop service to Boston Logan International Airport, which launched in March 2017 and operates five times a day.

Last Close Stock Review

At the closing bell, on Thursday, September 14, 2017, JetBlue Airways' stock marginally rose 0.10%, ending the trading session at $19.37. A total volume of 6.23 million shares have exchanged hands, which was higher than the 3-month average volume of 5.06 million shares. The Company's stock price surged 12.75% in the previous twelve months. The stock is trading at a PE ratio of 9.69 and currently has a market cap of $6.39 billion.

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