JetBlue Airways Corporation (NASDAQ:JBLU) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Robin Hayes - Chief Executive Officer Joanna Geraghty - President and Chief Operating Officer Ursula Hurley - Chief Financial Officer Dave Clark - Head of Revenue and Planning Andres Barry - President of JetBlue Travel Products Conference Call Participants Mike Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Savi Syth - Raymond James Jamie Baker - JP Morgan Andrew Didora - Bank ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number: 000-49728 ietBlue® JETBLUE AIRWAYS CORPORATION (Exact name of registrant as specified in its charter) De ...

Financial Performance - First quarter 2023 revenue increased by 34.1% year-over-year to $2.3 billion, up $592 million from the same period in 2022[89] - The company reported a net loss of $192 million for Q1 2023, an improvement from a net loss of $255 million in Q1 2022[94] - Total operating revenues for the three months ended March 31, 2023, were $2,328 million, compared to $1,736 million for the same period in 2022, representing a year-over-year increase of 34.1%[144] - Operating loss for the three months ended March 31, 2023, was $(242) million, an improvement from $(367) million in the same period of 2022[144] - Free Cash Flow for the three months ended March 31, 2023, was $233 million, compared to $113 million for the same period in 2022, indicating a significant increase of 106.2%[147] - Basic loss per share for the three months ended March 31, 2023, was $(0.58), compared to $(0.79) for the same period in 2022[144] Revenue and Passenger Metrics - Revenue passengers increased by 24.6% year-over-year to 10,192 thousand[95] - Revenue passenger miles (RPMs) rose to 13,375 million, reflecting a 22.4% increase from 10,927 million in the prior year[110] - The load factor improved by 8.8 percentage points to 79.8% from 71.0% year-over-year[110] - Average fare increased by 9.2% year-over-year to $214.07[95] Operating Expenses - Operating expenses for Q1 2023 increased by 22.2% year-over-year to $2.57 billion[98] - Other operating expenses increased by $23 million, or 6.9%, for the three months ended March 31, 2023, primarily due to an 11.6% increase in departures[106] - Total operating expenses for the three months ended March 31, 2023, were $2,570 million, up from $2,103 million in the same period of 2022, reflecting a 22.2% increase[144] - CASM (Cost per Available Seat Mile) ex-fuel for the three months ended March 31, 2023, was 9.99 cents, compared to 9.87 cents for the same period in 2022[141] Fuel Costs - Aircraft fuel and related taxes rose by 34.1% year-over-year to $765 million, with average fuel price increasing by 20.8% to $3.50 per gallon[99] - The average fuel cost per gallon increased by 20.8% to $3.50 from $2.90 year-over-year[110] - The company has hedged 30.5% of its projected fuel requirement for Q2 2023, 30.1% for Q3 2023, and 20.0% for Q4 2023[150] - If fuel prices increase by 10%, the estimated additional aircraft fuel expense would be approximately $282 million over the next 12 months[150] Future Outlook - The company expects Q2 2023 revenue to increase between 4.5% to 8.5% compared to Q2 2022[92] - Full year 2023 capacity is expected to increase between 5.5% to 8.5% compared to 2022[92] - CASM Ex-Fuel for Q2 2023 is expected to increase between 1.5% to 3.5%[92] Debt and Financing - As of March 31, 2023, total debt and finance lease obligations amounted to $15.0 billion, with $2.3 billion due in 2023 and $3.0 billion due in 2024[127] - Working capital deficits increased by $80 million to $1.9 billion as of March 31, 2023, primarily due to an increase in air traffic liability[124] - The company anticipates using a mix of cash and debt financing for aircraft scheduled for delivery in 2023, with potential increases in fixed costs regardless of financing method[130] - The company expects to meet its pre-delivery deposit requirements for aircraft through cash payments or short-term borrowing facilities[128] Fleet and Aircraft Orders - The aircraft order book includes 146 total aircraft scheduled for delivery from 2023 to 2027, with 28 aircraft expected in 2023 and 43 in 2024[128] - The average age of the operating fleet as of March 31, 2023, was 12.5 years, consisting of 130 Airbus A320, 63 Airbus A321, 24 Airbus A321neo, 15 Airbus A220, and 58 Embraer E190 aircraft[127] - The fleet consists of 228 owned aircraft and 62 leased under operating leases, with no finance leases[127] Compliance and Risks - The company remains in compliance with the covenants of its debt and lease agreements as of March 31, 2023[127] - Forward-looking statements indicate potential risks including the impact of the COVID-19 pandemic, competitive industry pressures, and uncertainties related to the merger with Spirit Airlines[134] - The company has no off-balance sheet arrangements that would significantly impact its financial condition or cash flows[131]

JetBlue Airways Corporation (NASDAQ:JBLU) Q1 2023 Earnings Conference Call April 25, 2023 10:00 AM ET Company Participants Joe Caiado – Director Assistant Treasurer and Fuel Robin Hayes – Chief Executive Officer Joanna Geraghty – President and Chief Operating Officer Ursula Hurley – Chief Financial Officer Dave Clark – Head of Revenue and Planning Andres Barry – President of JetBlue Travel Products Conference Call Participants Andrew Didora – Bank of America Jamie Baker – JPMorgan Mike Linenberg – Deutsche ...

1Q23 Earnings Presentation April 25, 2023 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 000-49728 jetBlue JETBLUE AIRWAYS CORPORATION (Exact name of registrant as specified in its charter) Delaware 87-0617894 (State or ...

JetBlue Airways Corporation (NASDAQ:JBLU) Q4 2022 Earnings Conference Call January 26, 2023 10:00 AM ET Company Participants Joe Caiado - Director Assistant Treasurer & Fuel Robin Hayes - Chief Executive Officer Joanna Geraghty - President & Chief Operating Officer Ursula Hurley - Chief Financial Officer Dave Clark - Head, Revenue & Planning Conference Call Participants Michael Linenberg - Deutsche Bank Savi Syth - Raymond James Jamie Baker - JPMorgan Catherine O'Brien - Goldman Sachs Dan McKenzie - Seapor ...

4Q22 Earnings Presentation Safe Harbor This Presentation (or otherwise made by JetBlue or on JetBlue’s behalf) contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which represent our management’s beliefs and assumptions concerning future events. These statements are intended to qualify for the “safe harbor” from liability establi ...

JetBlue Airways Corporation (NASDAQ:JBLU) Q3 2022 Results Conference Call October 25, 2022 10:00 AM ET Company Participants Joe Caiado - Director, Investor Relations Robin Hayes - Chief Executive Officer Joanna Geraghty - President and Chief Operating Officer Ursula Hurley - Chief Financial Officer Dave Clark - Head, Revenue and Planning Andres Barry - President, JetBlue Travel Products Conference Call Participants Savi Syth - Raymond James Scott Group - Wolfe Research Jamie Baker - JPMorgan Andrew Didora - ...