JBLU
JETBLUE AIRWAYS CORP
8-K
  2019-Jul-11 at 07:03 am Get Reserve Plan For Historical Filings Read Filing at SEC

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DOCUMENT: form8-kxjune2019trafficrel.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 11, 2019
https://filing-images.s3.amazonaws.com/0001158463-19-000051/jetblue-logob46.jpg
JETBLUE AIRWAYS CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware
 000-49728
87-0617894
(State or other jurisdiction of incorporation)
 (Commission File Number)
(I.R.S. Employer Identification No.)
 
 
 
27-01 Queens Plaza North, Long Island City, New York
11101
(Address of principal executive offices) 
 (Zip Code)
(718) 286-7900
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, $0.01 par value
JBLU
The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨





Item 7.01 Regulation FD Disclosure.
JetBlue Airways Corporation (the "Company") today issued a press release reporting June 2019 traffic results and includes guidance for revenue per available seat mile for the second quarter of 2019. The press release is attached as Exhibit 99.1.


The information furnished in this Item 7.01 shall not be deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Statements in this release (or otherwise made by JetBlue or on JetBlue’s behalf) contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which represent our management’s beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words “expects,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; our significant fixed obligations and substantial indebtedness; volatility in fuel prices, maintenance costs and interest rates; our reliance on high daily aircraft utilization; our ability to implement our growth strategy; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on a limited number of suppliers; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation; changes in our industry due to other airlines' financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; the spread of infectious diseases; adverse weather conditions or natural disasters; and external geopolitical events and conditions. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change prior to the end of each quarter or year.

Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Further information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's 2018 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. In light of these risks and uncertainties, the forward-looking events discussed in this release might not occur. Our forward-looking statements speak only as of the date of this release. Other than as required by law, we undertake no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
 







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
 
 
 
 
 
 
 
 
JETBLUE AIRWAYS CORPORATION
 
 
 
 
 
(Registrant)
 
 
 
 
 
 
 
 
Date:
July 11, 2019
 
By:
/s/ Alexander Chatkewitz
 
 
 
 
Vice President, Controller, and Chief Accounting Officer
(Principal Accounting Officer)



DOCUMENT: ex991-june2019trafficrelea.htm

JETBLUE AIRWAYS REPORTS JUNE TRAFFIC
New York, NY (July 11, 2019) -- JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for June 2019. Traffic in June increased 4.7 percent from June 2018, on a capacity increase of 4.8 percent. Load factor for June 2019 was 86.9 percent, a decrease of 0.1 points from June 2018. JetBlue’s preliminary completion factor for June 2019 was 99.5 percent and its on-time (1) performance was 70.1 percent.

Second quarter revenue per available seat mile (RASM) is expected to increase approximately 3.1 percent year-over-year. This is consistent with our revised guidance range of 2.0 to 4.0 percent.

JETBLUE AIRWAYS TRAFFIC RESULTS
 
June 2019
June 2018
% Change
Revenue passenger miles (000)
4,607,576

4,398,796

4.7
 %
Available seat miles (000)
5,301,544

5,056,747

4.8
 %
Load factor
86.9
%
87.0
%
-0.1 pts.

Revenue passengers
3,669,778

3,680,435

(0.3
)%
Departures
30,815

31,344

(1.7
)%
Average stage length (miles)
1,143

1,082

5.6
 %
 
 
 
 
 
Y-T-D 2019
Y-T-D 2018
% Change
Revenue passenger miles (000)
26,515,960

24,908,668

6.5
 %
Available seat miles (000)
31,466,070

29,162,399

7.9
 %
Load factor
84.3
%
85.4
%
-1.1 pts.

Revenue passengers
21,191,206

20,803,596

1.9
 %
Departures
182,276

179,734

1.4
 %
Average stage length (miles)
1,150

1,093

5.2
 %

(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to 100+ cities in the U.S., Caribbean, and Latin America with an average of more than 1,000 daily flights. For more information, please visit jetblue.com.

CONTACTS

JetBlue Investor Relations
Tel: +1.718.709.2202

JetBlue Corporate Communications
Tel: +1.718.709.3089

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