jetBlue Results Presentation Deck
MANAGING NEAR-TERM VOLATILITY; PLANNING FOR STRONG 2022
jetBlue
(11.8%)
REVENUE GROWTH VERSUS 2019
(7.6%)
Actual
(9.8%)
Oct '21 Nov '21 Dec '21
*Denotes guidance
Estimate
(5.5%)
3Q21
(9.7%)
(11%) - (16%)
4Q21 1Q22*
ā
Strong revenue momentum in 4Q21 until Omicron wave
Surge in case counts disproportionately impacted the
Northeast and international leisure during late 4Q21
-
Expect demand improvement sequentially throughout
first quarter and beyond
-
Elevated cancels and refunds offset by strong holiday
peaks
-
Omicron timing greatly impacted first half of 1Q22, but
trends have inflected meaningfully, with recent net revenue
builds 30 points above first week of January
Expect leisure and business travel recovery to resume
pre-Omicron trajectory with strong sequential growth
Premium leisure continues to be a tailwind, with Mint cabin
outperforming during the holidays vs. pre-pandemic levels
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