JetBlue Reports Fourth Quarter Results

NEW YORK — JetBlue reported fourth quarter revenues of $1.64 billion, a 3% increase and net income for the quarter was $172 million.

Revenue passenger miles for the fourth quarter increased 6% to 11.2 billion on a capacity increase of 4.5%, resulting in a fourth quarter load factor of 84.7%, a 1.1 point increase year over year.

Average passenger fare for the fourth quarter was $154.94, down 4% from last year.

“I would like to thank our over 20,000 crewmembers for going above and beyond once again last year. They are truly JetBlue’s greatest asset and I want to congratulate each of them on an outstanding 2016. We are focused on achieving the operational and financial excellence that will give us the platform to grow our culture even further than the 100 destinations we serve today,” said Robin Hayes, JetBlue’s President and CEO.

JetBlue paid $1.56 per gallon for jet fuel in the fourth quarter, down 7.3% from last year. The airline serves 100 cities and has an average of 925 flights per day.