jetBlue Results Presentation Deck
PLANNING MORE CONSERVATIVELY AND INVESTING IN THE OPERATION
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jetBlue
TEMPORARY APRIL DISRUPTION
Started moderating capacity plan in March in light of rising fuel
environment and to build more operational resilience
Began to see elevated pilot attrition, training pressures, and
challenges from cumulative impact of YTD irregular operations
(IROPS)
In April, irregular operations related to unprecedented weather
and ATC disruption compounded crew shortfalls, leading to
~90% completion factor in first three weeks of April versus -99%
historically
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ACTION PLAN
Investing significantly to restore operational reliability and
deliver the JetBlue Experience
Creating operational resiliency including a reduced
capacity outlook and more conservative crew planning
assumptions
Maintaining Summer hiring plans even in light of lower
capacity, and investing in infrastructure and equipment.
Improved operational performance core to driving unit
revenue and margins
Mitigating CASM pressure through maintenance, rents &
landing fees, and discretionary spend reductions
Continuing to execute on our longer-term strategic initiatives
Despite impact to second quarter outlook, underlying business momentum is very strong
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