JetBlue Airways has reported that its August traffic increased 6.7% percent from August 2013, on a capacity increase of 4.9%.
Load factor for August 2014 was 88.3%, an increase of 1.5 points from August 2013. JetBlue's preliminary completion factor was 99.4% and its on-time performance was 77.4%. JetBlue's preliminary passenger revenue per available seat mile (PRASM) for the month of August increased four percent year over year. For the third quarter of 2014, PRASM is expected to increase between two and three percent year over year.
Transat Q3 results
Transat AT, Canada's holiday travel leader, posted revenues of $941.7 million for the quarter ended July 31, 2014, compared with $927.0 million in 2013, an increase of $14.7 million, or 1.6%. The company recorded adjusted operating income1 of $46.8 million, compared with $54.4 million in 2013 and net income of $25.8 million ($0.66 per share on a diluted basis), compared with $41.1 million ($1.07 per share on a diluted basis) in 2013. Before non-operating items, Transat reported adjusted net income3 of $26.7 million in 2014 ($0.69 per share on a diluted basis), compared with $30.8 million ($0.80 per share on a diluted basis) in 2013.
"In spite of the increase of more than 10% in the overall capacity on the transatlantic market, these are among the best third-quarter results we've ever posted," commented Jean-Marc Eustache, Transat's President and Chief Executive Officer, adding: "In the entire history of the company, we've done better on only two occasions, including last year, which was a record. So we're talking about a very satisfying start to the season.