It said mainline nonfuel
CASM was 6.66 cents, down 7.6% from August 2005, while consolidated passenger RASM climbed 12.8% to 10.64 cents.
Costs are "on target," it said, with nonfuel
expenses down around 3%.
JetBlue expects cost trends to remain favorable beyond 2018, as it confirmed a long-held target to limit annualized nonfuel
unit cost growth to 1% or less from 2017 to 2020.
Although fuel expense was up 13.7% to $166 million, CASM fell 4.7% to 9.4 cents and nonfuel
CASM declined 4.1% to 6.24 cents.
We have improved nonfuel
identical-store sales in eight of the last 10 quarters and have experienced two consecutive quarters of markedly positive nonfuel
identical-store sales, which we believe confirms that the strategy is working."
After additionally excluding the benefit of the Easter holiday, Safeway reports that nonfuel
identical-store sales were up 1.6%.
CASM of 7.61 cents was down 7.6% Mar 29, 2007
Carbon dioxide (CO2) emissions data in million metric tons are calculated by multiplying consumption values in trillion Btu from Steps 1 and 2 (minus the carbon sequestered in nonfuel
use in Step 3) by the C[O.sub.2] emissions factors at http://www.eia.gov/oiaf/1605/ggrpt/excel/CO2_coeffs_09_v2.xls.
The increase in nonfuel
CASM from previous forecasts was "mostly attributable" to this quarter's weather-related cancellations, AA said.
30 as it continues "to offer low fares throughout the summer to ensure great deals for our customers and high load factors." It is forecasting a 5% decline in nonfuel
CASK, allowing it to maintain its forecast of a 40%-50% year-over-year increase in pre-tax profit.
As previously noted, the company expects nonfuel
identical-store sales to expand by 3% over the fiscal year.
Nevertheless, the stock plunged after management warned investors that nonfuel
unit costs are on track to increase by at least 3% in 2019.