jetBlue Mergers and Acquisitions Presentation Deck
jetBlue
Earnings before interest, taxes, depreciation, amortization, rent, and special Items
Earnings before interest, taxes, depreciation, amortization, and aircraft rent (EBITDAR) is a non-GAAP financial measure. We believes this measure allows investors to better
understand the financial performance of the company by presenting earnings from our business operations without including the effects of capital structure, tax rates, depreciation,
and amortization. We further adjusted EBITDAR to account for the impact of special items which are unusual or infrequent in nature.
Special items
Operating income
Add back:
Depreciation and amortization
Earnings before interest, taxes, depreciation, and amortization
Add back:
Add back:
EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AMORTIZATION, AIRCRAFT RENT, AND SPECIAL ITEMS
(in millions) (unaudited)
NON-GAAP FINANCIAL MEASURE
Aircraft rent expense, as reported
Earnings before interest, taxes, depreciation, amortization, rent, and special items $
Adjusted Net Debt
Adjusted Net Debt to EBITDAR
2019
800
525
1,325
14
99
1,438
1,189
0.8
Twelve Months Ended
December 31,
2015
$
1,216
345
1,561
122
1,683
1,805
1.1
$
2010
333
220
553
126
679
2,956
4.4
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