Double-digit PRASM increase for JetBlue in Mar-2010; Frontier branding remains
Shares in JetBlue surged 8.0% yesterday as the carrier reported robust traffic and revenue growth in Mar-2010, reflecting a recovery in domestic travel demand. The carrier stated PRASM increased 17% in the month, (compared to an estimated 1-3% increase in Feb-2010) and a 6.9% increase in revenue passenger numbers, to 2.1 million. Load factors also improved 2.0 ppts to 81.3%.
