JetBlue Airways Corp. said Wednesday load factor for the month of August fell to 87.1% from 87.4% a year ago as the demand rose less than supply. Traffic increased 5.0% to 4.42 billion revenue passenger miles while capacity grew 5.4% to 5.08 billion available seat miles. Completion factor was 97.8%, while on-time performance, which are domestic flights arriving within 14 minutes of schedule, was 68.1%. The air carrier reiterated its third-quarter revenue per available seat mile growth outlook in the range of between down 1% to up 1%. The outlook doesn’t include any impact of Hurricane Irma. The stock, which was inactive in premarket trade, has shed 14.2% over the past three months, while the NYSE Arca Airline Index has lost 6.9% and the S&P 500 has gained 2.3%.
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