jetBlue Results Presentation Deck slide image

jetBlue Results Presentation Deck

Moderating Capacity Expected To Drive Revenue Improvement Guidance 5.5% to 8.5% jetBlue 3Q23 vs. 3Q22 Actuals 7.1% ASMS 0.5% to 3.5% (8.2%) 4Q23 vs. 4Q22 ASMS Revenue Guidance (8.0%) to (4.0%) (10.5%) to (6.5%) Revenue Expecting ATC Challenges in Northeast to Dissipate in Winter Unusually high level of convective weather in Northeast in September, exacerbated by ATC staffing shortfalls, drove extended delays and cancellations, negatively impacting 3Q flight revenue ā— Northeast ATC challenges expected to improve in 4Q with less convective weather Disciplined Approach to Capacity Growth in 4Q Excess industry capacity during off peak periods is driving domestic yield pressure; international is exhibiting greater resilience JetBlue is proactively managing capacity with a five point sequential reduction in scheduled capacity in 4Q vs 3Q Extension of 10% NYC-area slot waiver provides additional support Healthy Peak-Period Air Travel Demand 4Q demand for holiday travel is healthy, tracking in-line with expectations Corporate bookings have accelerated post-Labor Day 8
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