jetBlue Results Presentation Deck
DRIVING A MORE EFFICIENT UNDERLYING COST STRUCTURE
(0.3%)
CASM EX-FUEL VERSUS 2019
0% -3%
I
ASM
Actual 1Q22
15% -17%
13.9%
CASM ex-
Fuel (¹)
Estimate 2Q 22*
-10%
17.5%
Underlying CASM
CASM ex-
Fuel
●
Significantly resetting operational plan to support
return to profitability
-
Adjusting schedules to improve Summer operability
Excluding the operational impact and investments,
underlying CASM ex-Fuel would be up ~10% Yo3Y
in 2Q22
Expect sequential CASM ex-Fuel progress in 2H22
as JetBlue optimizes staffing levels, drives
productivity, and restores aircraft utilization
April disruption worth ~6% points to 2Q22 pre-
tax margin; June expected to be profitable
Expect to drive productivity again after the Summer
as we optimize towards a more normal staffing level
jetBlue *Denotes guidance
(1) Operating expenses excluding special items; refer to reconciliations of non-GAAP financial measures in Appendix A
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