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News Breaks
January 29, 2014
10:24 EDTJBLUJetBlue sees January PRASM up 6%-7% y/y
Says fully committed to goal of improving ROIC by one point per year on average. Says 2014 plan calls for continued margin and ROIC expansion. Expects 2014 major unit cost drivers to be salaries, wages and benefits. Expects total ancillary revenues in 2014 to increase approximately 15%. Sees FY14 CapEx $935M. The company sees favorable capacity trends throughout most of its network. Expects January storms to negatively impact FY CASM by approximately one point. Expects to face additional cost pressures this year. Says recently agreed to provide pilots with 20% pay increase in their base rate over the next three years. Says expects pay raise equates to approximately $145M over the next three years. Comments made during the company's Q4 earnings conference call.
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