JetBlue Airways Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Operating Guidance for the Second Half and Year 2019
For the full year, the company reported total operating Revenue was $7,658 million against $7,012 million a year ago. Operating income was $288 million against $993 million a year ago. Net income was $188 million against $1,125 million a year ago. Basic earnings per common share was $0.6 against $3.42 a year ago. Diluted earnings per common share was $0.6 against $3.41 a year ago.3
For the quarter, the company's revenue passenger's miles were 12,519 million compared to 11,527 million a year ago. Available seat miles were 15,168 million compared to 13,876 million a year ago. Load factor was 82.5% compared to 83.1% a year ago.
For the year, the company's revenue passenger's miles were 50,790,104 million compared to 47,240 million a year ago. Available seat miles were 59,881 million compared to 56,007 million a year ago. Load factor was 84.8% compared to 84.3% a year ago.
For 2019 the company continues to expect ex-fuel unit costs growth to range between 0% and 2%. The company anticipates CASM ex-fuel growth to be higher in the first half of this year, largely as a result of the pilot contract effective on August 1 of 2018. In the second half of 2019 the company expects to see further benefits from the ramp of the Structural Cost Program and the greater impact of A320 fleet restyling efforts.