NEW YORK -- JetBlue Airways Corp. today lowered its third-quarter earnings estimates despite a sharp jump in August traffic, citing the impact of two hurricanes in Florida and higher-than-expected fuel prices.
The Kew Gardens, N.Y.-based discount airline said August traffic surged to 1.53 billion revenue passenger miles from 1.17 billion a year ago. A revenue passenger mile is one paying passenger flown one mile.
Load factor, or the percentage of seats filled, fell to 89.3 percent from 91.6 percent last August, hurt by the effects of Hurricane Charley in Florida.
archive