JetBlue Airways Reports Robust Demand Across All Global Routes

Deep News06-01

JetBlue Airways has revised its second-quarter guidance for available seat miles growth to a range of 2% to 4%, narrowing it from the previous forecast of 1.5% to 4.5%.

**JetBlue Airways (ASX: JBLU)**

JetBlue Airways has indicated strong travel demand, prompting an upward revision of its second-quarter revenue per available seat mile (RASM) growth to a range of 9% to 12%.

The airline, whose share price rose 1.67%, reported robust passenger demand across all its regional routes, with particularly strong demand for short-haul travel. Additionally, routes previously served by Spirit Airlines, which has ceased operations, have seen significant increases in passenger traffic.

The company has narrowed its second-quarter available seat mile (ASM) growth guidance to 2% to 4%, from the prior range of 1.5% to 4.5%.

The revenue per available seat mile (RASM) growth forecast has been raised to 9% to 12%, up from the previous expectation of 7% to 11%.

The current estimated fuel cost is between $4.26 and $4.36 per gallon, higher than the prior forecast of $4.13 to $4.28.

JetBlue anticipates being able to pass through at least 40% of the increased fuel costs this quarter.

JetBlue stated, "Travel demand in the second quarter remains robust, consistent with trends observed at the beginning of the year."

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