JetBlue reports third quarter revenues of $1.4bn

JetBlue reported record third quarter operating revenues of $1.4bn. Revenue passenger miles for the third quarter increased 5.4% to 9.56bn on a capacity increase of 5.1%, resulting in a third quarter load factor of 85.0%, an increase of 0.2 points year over year. Operating expenses for the quarter increased 8.1%, or $95m, over the prior year period. JetBlue’s operating expense per available seat mile (CASM) for the third quarter increased 2.8% year over year to 11.47 cents. Excluding fuel and profit sharing, CASM increased 4.9% to 6.95 cents.