UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 11, 2014
JETBLUE AIRWAYS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State of Other Jurisdiction of Incorporation)
 
 
 
000-49728
(Commission File Number)
 
87-0617894
(I.R.S. Employer Identification No.)
 
 
 
27-01 Queens Plaza North, Long Island City, New York
(Address of principal executive offices)
 
11101
(Zip Code)
(718) 286-7900
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 









Item 7.01.
Regulation FD Disclosure
 
JetBlue Airways Corporation today issued a press release reporting May 2014 traffic results and including guidance for preliminary passenger revenue for available seat miles for the second quarter of 2014.  The press release is attached as Exhibit 99.1.

Item 9.01       Financial Statements and Exhibits.

(d)  Exhibits.
 
Exhibit 99.1
 
Press Release dated June 11, 2014 titled “JetBlue Airways Reports May Traffic”
 

 SIGNATURES



          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  
 
 
JETBLUE AIRWAYS CORPORATION
(Registrant)
 
 
 
Date: June 11, 2014
 
By: 
/s/ DONALD DANIELS
 
 
 
Vice President, Controller and Chief Accounting Officer
(principal accounting officer)

 
 
 
 
 
 
 
 






 
 
EXHIBIT INDEX

 
Exhibit Number
Description
 
 
Exhibit 99.1
Press Release dated June 11, 2014 titled “JetBlue Airways Reports May Traffic”


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 













Exhibit 99.1


JETBLUE AIRWAYS REPORTS MAY TRAFFIC
New York, NY (June 11, 2014) -- JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for May 2014. Traffic in May increased 7.0 percent from May 2013, on a capacity increase of 7.0 percent.

Load factor for May 2014 was 85.2 percent, an increase of 0.1 points from May 2013. JetBlue’s preliminary completion factor was 97.6 percent and its on-time (1) performance was 77.3 percent. JetBlue’s preliminary passenger revenue per available seat mile (PRASM) for the month of May increased four percent year over year. For the second quarter of 2014, PRASM is expected to increase between six and seven percent year over year.

JETBLUE AIRWAYS TRAFFIC RESULTS
 
      May 2014
       May 2013
        % Change
Revenue passenger miles (000)
3,199,276
2,989,754
7.0%
Available seat miles (000)
3,755,844
3,511,716
7.0%
Load factor
85.2%
85.1%
  0.1 pts.
Revenue passengers
2,736,782
2,562,985
6.8%
Departures
24,952
23,408
6.6%
Average stage length
1,077
1,072
0.5%
 
         Y-T-D 2014
         Y-T-D 2013
         % Change
Revenue passenger miles (000)
15,038,202
14,490,701
3.8%
Available seat miles (000)
17,961,332
17,229,136
4.2%
Load factor
83.7%
84.1%
 (0.4) pts.
Revenue passengers
12,758,737
12,415,551
2.8%
Departures
117,799
113,482
3.8%
Average stage length
1,092
1,091
0.1%
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.
JetBlue is New York's Hometown AirlineTM, and a leading carrier in Boston, Fort Lauderdale/Hollywood, Los Angeles (Long Beach), Orlando and San Juan. JetBlue carries more than 30 million customers a year to 85 cities in the U.S., Caribbean and Latin America with an average of 825 daily flights. New service to Hyannis, Mass. begins this summer. With JetBlue, all seats are assigned, all fares are one-way, an overnight stay is never required and the first checked bag is free (subject to weight and size limits and exceptions for itineraries including flights marketed or operated by other airlines). For more information please visit JetBlue.com.

This press release contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words “expects,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks,





uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; increases and volatility in fuel prices, maintenance costs and interest rates; our ability to implement our growth strategy; our significant fixed obligations and substantial indebtedness; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on high daily aircraft utilization; our dependence on the New York metropolitan market and the effect of increased congestion in this market; our reliance on automated systems and technology; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our reliance on a limited number of suppliers; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches; changes in or additional government regulation; changes in our industry due to other airlines' financial condition; a continuance of the economic recessionary conditions in the U.S. or a further economic downturn leading to a continuing or accelerated decrease in demand for domestic and business air travel; and external geopolitical events and conditions. Further information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's 2013 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

CONTACTS
JetBlue Investor Relations
Tel: +1 718 709 2202
ir@jetblue.com
JetBlue Corporate Communications
Tel: +1 718 709 3089
corpcomm@jetblue.com



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