Jetblue Airways Corporation · NASDAQ:JBLU
Jetblue Airways — UBS Airline Conference 2009
9 slides from Jetblue Airways's conference presentation, May 21, 2009
Slide 1: UBS Airline Conference May 21, 2009
UBS Airline Conference May 21, 2009
Slide 2: Safe Harbor
Safe Harbor This presentation contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual res
Slide 3: JetBlue Well-Positioned for Sustainable Growth
JetBlue Well-Positioned for Sustainable Growth Cash From Operations To Fund Growth Strong liquidity position Focus on positive free cash flow Modest aircraft capex requirements Award-winning product Unique Brand & Culture
Slide 4: Solid Cash Position
Solid Cash Position Cash as a Percentage of Trailing Twelve Months Revenue1 1Trailing twelve months as of March 31, 2009 Source: Company reports
Slide 5: Disciplined Growth Strategy Yields Profits
Disciplined Growth Strategy Yields Profits Aircraft Capex (Millions) Aggressive capacity management through aircraft sales, deferrals & leases
Slide 6: Firm Aircraft Orders
Firm Aircraft Orders Fewer Aircraft Commitments Limit Financing Needs 2009* 2010 2011 3 6 3 0 5 4 2008 12 6 *Financing commitments in place for all 2009 aircraft deliveries Note: JetBlue sold 9 A320s in 2008 and 2 E190s in 2009
Slide 7: Uncertain Economic Environment and Events Pressure Demand
Uncertain Economic Environment and Events Pressure Demand Extensive sale activity pressuring yields during peak travel periods, especially in transcon markets H1N1 outbreak has negatively impacted bookings across the industry Mexico (Cancun) represents 1.7% of JetBlue's ASMs Implemented Cancun sched
Slide 8: JetBlue Remains Well-Positioned with a Strong Brand and a Differentiated Product
JetBlue Remains Well-Positioned with a Strong Brand and a Differentiated Product Unit Revenue Outperformance* Award-winning service Unique value proposition Limited premium travel exposure Loyal customer base Significant "Visiting Friends & Relatives" traffic *JetBlue has led the industry in monthly
Slide 9: Lower Fuel Prices Have Offset Revenue Decline
Lower Fuel Prices Have Offset Revenue Decline Oil acting as a natural hedge against the demand environment Forward curve remains in contango JetBlue currently not hedging future fuel consumption: approximately 7% of remaining 2009 projected fuel consumption is hedged As a result, JetBlue continues t