jetBlue Investor Conference Presentation Deck
OUR SOLID BALANCE SHEET PROTECTS OUR BUSINESS
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Maintain Strong Balance Sheet
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BALANCE SHEET AND LIQUIDITY
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-$1.2 billion in unrestricted cash, cash equivalents and
short term investments (a), or ~15% of 2019 revenue
Access to Additional Capital if Needed
Undrawn committed revolver of $550M
34% of fleet is unencumbered(a)
jetBlue 2020
Adjusted Debt to Cap ratio of 34% (b); Adjusted Net Debt
to EBITDAR of 0.9x(b)
(a) As of March 6, 2020
(b) As of December 31, 2019. Refer to the Appendix section at the end of
this presentation for a reconciliation of this Non-GAAP financial measure
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Crewmember / Customer
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Cost
ACTIONS
Led industry in allowing customers to book with
confidence by temporarily suspending change/cancel
fees
Enhancing and increasing frequency of cleaning of
aircraft, airports and support centers to improve safety
levels in operation
Capacity
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Managing business partner contracts, freezing non-
essential spend, and considering voluntary time-off
programs
Delaying hiring, projects with high OpEx commitments
Cash Flow
Reducing capacity growth rate, utilization
Flexibility in order book
- Reducing non-aircraft CAPEX
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