JetBlue Airways Corporation · NASDAQ:JBLU

JetBlue Airways — Corporate Update (November 2024)

17 slides from JetBlue Airways's corporate update, November 2024

  1. Slide 1: JetForward Strategy

    Hello, I’m your cover JetForward Strategy option 2. November 2024 1

  2. Slide 2: Safe Harbor

    Safe Harbor This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of t

  3. Slide 3: Acting With Urgency to Address Headwinds

    JetForward | Financial Guidance Acting With Urgency to Address Headwinds Core Strategic Headwinds Solutions Fleet • Grounded aircraft due to Pratt & Whitney (P&W) Pursuing “capital light” levers for growth impeding growth and exacerbating unit cost inflation Balance • Pressured profitability hamperi

  4. Slide 4: Enhancing Our Strengths to Drive Our Path Forward

    JetForward | Financial Guidance Enhancing Our Strengths to Drive Our Path Forward Highly Engaged High-Value Differentiated Low Cost Crewmembers Geography Product & Services Structure & Distinct Culture 4

  5. Slide 5: JetForward | Financial Guidance

    JetForward | Financial Guidance 655

  6. Slide 6: JetForward: Our Path to Sustained Profitability

    JetForward | Financial Guidance JetForward: Our Path to Sustained Profitability Recent Highlights: Targeting $800-900M (1) in incremental EBIT (2) from 2025 – 2027 Announced Effective To Be Announced  Even More  Substantially Space (EMS) improved A14, Announced merchandising NPS, and ~$175M $800 -

  7. Slide 7: Priority Moves Anchor Our Path to Sustained Profitability

    JetForward | Financial Guidance Priority Moves Anchor Our Path to Sustained Profitability Four Announced Implemented Illustrative upcoming announcements 2027 Priority Targets Moves Multi-year investment in improving on- time performance ~$100M Reliability Rightsized LGA & redeployed to Refocused LAX

  8. Slide 8: Network Detail – Focused on Optimizing Network for Profitability

    JetForward | Financial Guidance Best East Coast Leisure Network Network Detail – Focused on Optimizing Network for Profitability 2024 Route Exits Los Angeles & Northeast to LGA & EWR Fort Lauderdale Intra-California Midcontinent Optimization Note: Illustrative. 8

  9. Slide 9: Network Detail – Building the Best East Coast Leisure Network

    JetForward | Financial Guidance Best East Coast Leisure Network Network Detail – Building the Best East Coast Leisure Network 2024 Route Entries and Additional Frequencies New Route Entrances Additional Frequencies Seasonalizing Mint Fleet EDI DUB LGW AMS CDG Redeploying TATL aircraft in Winter (1)

  10. Slide 10: Journey to Optimize Controllable Costs Has Evolved Over Time

    JetForward | Financial Guidance A Secure Financial Future Journey to Optimize Controllable Costs Has Evolved Over Time Targeted Savings Areas of focus Outcome Run-rate savings Structural Cost Program 1.0 $250M - $300M  Business partner contracts and agreements were on-track to (2018 – 2020) Origina

  11. Slide 11: Taking Active Steps to Improve Balance Sheet, while Mitigating Pratt & Whitney Impact

    JetForward | Financial Guidance A Secure Financial Future Taking Active Steps to Improve Balance Sheet, while Mitigating Pratt & Whitney Impact to Growth Consideration Fleet Impact Impact Fleet Detail • Average of 11 aircraft on ground in 2024 due to geared turbofan (GTF) powdered metal and other en

  12. Slide 12: ~$3.2B Financing Supports JetForward's Runway to Generate Benefits

    JetForward | Financial Guidance A Secure Financial Future ~$3.2B Financing Supports JetFoward’s Runway to Generate Benefits  In August 2024, JetBlue closed  Proceeds planned to be used to fund capital expenditures in 2024 & 2025, repurchase a  Terms offer flexibility to prepay if desired, while p

  13. Slide 13: Outlook Summary

    JetForward | Financial Guidance Outlook Summary Guidance Estimated 4Q 2024 Estimated FY 2024 Available Seat Miles ("ASMs") Year-over-Year (7.0%) – (4.0%) (4.5%) – (2.5%) Improved midpoint & narrowed range Revenue Year-over-Year (7.0%) – (3.0%) (5.0%) – (4.0%) Improved midpoint & narrowed range CASM

  14. Slide 14: Appendix A: Non-GAAP Financial Measures

    Appendix A Non-GAAP Financial Measures We report our financial results in accordance with GAAP; however, we present certain non-GAAP financial measures in this Presentation. Non-GAAP financial measures are financial measures that are derived from the condensed consolidated financial statements, but

  15. Slide 15: Network Detail – Executed BlueCity Closures

    JetForward | Financial Guidance Best East Coast Leisure Network Network Detail – Executed BlueCity Closures BlueCity Closures BlueCity Exit Date (1) Burlington (BTV) January 4, 2024 Baltimore-Washington (BWI) April 30, 2024 Kansas City (MCI) June 12, 2024 Bogota (BOG) June 12, 2024 Lima (LIM) June 1

  16. Slide 16: Network Detail – Planned Route Exits

    JetForward | Financial Guidance Best East Coast Leisure Network Network Detail – Planned Route Exits Route Exits Route Exits Cont. Route Exit Date (1) Route Exit Date (1) Los Angeles / Cancun – (LAX / CUN) 3-Jan-24 Los Angeles / Puerto Vallarta – (LAX / PVR) 12-Jun-24 Newark / Miami – (EWR / MIA) 3-

  17. Slide 17: jetBlue

    jetBlue

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