Passenger Load Factor % is an indicator which measures the capacity utilization of airlines to assess how efficiently the airline fills seats and generates fare revenue.
JetBlue Airways's Passenger Load Factor % for the quarter that ended in Dec. 2023 was 80.10%
, which is lower than
85.10% for the pervious quarter ended in Sep. 2023.
JetBlue Airways's Passenger Load Factor % for the annual that ended in Dec. 2023 was 82.60%
, which is higher than
81.50% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for JetBlue Airways's Passenger Load Factor % or its related term are showing as below:
JBLU's Passenger Load Factor % is not ranked *
in the Transportation industry.
Industry Median: * Ranked among companies with meaningful Passenger Load Factor % only.
JetBlue Airways Passenger Load Factor % Historical Data
The historical data trend for JetBlue Airways's Passenger Load Factor % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of JetBlue Airways's Passenger Load Factor %
For the Airlines subindustry, JetBlue Airways's Passenger Load Factor %, along with its competitors' market caps and Passenger Load Factor % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Passenger Load Factor % measures the percentage of available seating capacity that has been filled by passengers. A high load factor indicates that the airline has sold most available seats and is preferred over a low load factor.
The load factor helps investors and management determine how well an airline generates sales, covers expenses, and remains profitable. Since airlines have thin profit margins and high costs, a high load factor is essential to an airline’s success.
Another measurement of load factor is Breakeven Load Factor %, which is often used in strategic planning for airlines. An airline wishing to attract low-budget customers with cheap tickets will likely need a higher load factor to stay profitable and thus, may need aircraft designed to carry more passengers. The airline could also pursue high-quality service and customer experiences by charging more per ticket and offering fewer seats.
JetBlue Airways Passenger Load Factor % Related Terms
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JetBlue Airways (JetBlue Airways) Business Description
JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic & Canada, Caribbean & Latin America and Atlantic. Majority of revenue is generated from Domestic & Canada segment.
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