jetBlue Results Presentation Deck
CREATING VALUE FOR CUSTOMERS, CREW MEMBERS, AND OWNERS
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3Q 2022 EARNINGS
GAAP earnings per share of $0.18; non-GAAP earnings per
share of $0.21 (1)
Adjusted pre-tax profit of $118M; adjusted pre-tax margin of
4.6% (1)
• RASM up 23.4% Yo3Y; CASM up 32.4% Yo3Y (GAAP); CASM
ex-Fuel up 16.3% Yo3Y (non-GAAP) (¹)
3Q 2022 BALANCE SHEET
In 3Q22, paid down $66M of debt; $260M in CAPEX; $25M
cash outflow related to Spirit break fee
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4Q 2022 OUTLOOK
Capacity up between 1% -4% vs 4Q 2019
RASM up between 15% -19% vs 4Q 2019
CASM ex-Fuel up between 8.5% -10.5% vs 4Q 2019 (1)
$272M pre-payment to Spirit shareholders
$2.3B of liquidity (2) (3), equal to 28% of 2019 revenue
Adjusted Debt to Cap ratio at 53% (1) (3)
(1) Refer to reconciliations of non-GAAP financial measures in Appendices A & B
jetBlue (2) Liquidity defined as unrestricted cash, cash equivalents, short-term investments and long-term marketable securities
(3) As of September 30, 2022
FY 2022 OUTLOOK
Capacity up between 0% -2% vs 2019
CASM ex-Fuel up between 13% -14% vs 2019
Generating solid pre-tax margins in 4Q22
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