jetBlue Results Presentation Deck
BUILDING TOWARDS EARNINGS RECOVERY
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3Q 2021 EARNINGS
jetBlue
GAAP earnings per diluted share of $0.40; non-GAAP loss per
share of ($0.12) (1)
• Revenue down (5.5%) Yo2Y; CASM down (2.1%) Yo2Y (GAAP);
CASM ex-Fuel up 12.7% Yo2Y (non-GAAP) (1)
Adjusted EBITDA of $140M (1) versus expected range of $75M -
$125M (1)
3Q 2021 BALANCE SHEET
$3.3B of liquidity at 3Q close, equal to 41% of 2019 revenue
Adjusted Debt to Cap ratio at 53% (1) (2)
(1) Refer to reconciliations of non-GAAP financial measures in Appendices A & B
(2) As of September 30, 2021
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4Q 2021 PLANNING ASSUMPTIONS*
Adjusted EBITDA between ($50M) to $50M (1)
Capacity between (4%) - (7%) vs 4Q 2019
Revenue down between (8%) - (13%) vs 4Q 2019
CASM ex-Fuel up between 14% -16% vs 4Q 2019 (¹)
KEY LIQUIDITY UPDATE
In 3Q21, paid down $115M CARES Act loan and $105M of
bank loans
Unencumbered asset base grew by ~$500M
*As of October 26, 2021; does not constitute guidanceView entire presentation