jetBlue Mergers and Acquisitions Presentation Deck
Transaction Economics Supported by Compelling $600-700M Net Synergies
$600
6.0%
America West
jetBlue
U.S. Airways
Forecasted Run-Rate Synergy
(% of Pro-Forma Revenue in Millions)
$2,000
6.0%
Delta
Northwest Airlines
$650
4.5%
spirit
jetBlue
$1,100
3.5%
United
Continental
$225
3.1%
Alaska
Virgin America
>$400
Median: 3.5%
2.7%
Southwest
Air Tran
$1,050
2.6%
American Airlines
U.S. Airways
Key drivers include:
●
●
●
Commentary
Increased network relevance
Schedule optimization
Economies of scale on existing cost bases
Greater JetBlue Travel Products and Loyalty relevance
Expect transaction to be EPS accretive in year one and
-50% accretive by year three
●
Anticipate 4-5 years to achieve run-rate synergies, with
updated guidance driven by:
Extended retrofit program
IT integration processes
Source: Merger announcement press releases, investor presentations, company filings, management calculations. Note: Midpoint of announced synergies projection range used where available; "greater than" sign denotes instances
where synergies are listed as expected to be at least the corresponding value.
14View entire presentation