jetBlue Results Presentation Deck
Keeping Costs Low to Drive Long-Term Earnings Generation
jetBlue
CASM ex-Fuel (1)(2) YoY
Guidance
1% to 2%
1.2%
1Q23
1.5% to 3.5%
2Q23
Continued execution on costs.
Met or exceeded quarterly cost guidance for fifth consecutive quarter.
Outperformed midpoint of initial 1Q23 CASM ex-Fuel guidance by 1.8% points.
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Successfully implementing Structural Cost Program.
Achieved $35M in run-rate cost savings since launch. Well on track to driving
$70M in cost reduction in 2023 and $150-200M through 2024.
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2Q23 cost outlook includes ~1% point impact from reduced summer schedule due
to FAA staffing constraints and ~0.5% point impact from FLL closure.
Expecting quarterly CASM ex-Fuel step up later in the year as we manage timing of
maintenance events and absorb contractual increase tied to pilot agreement.
Keeping FY23 CASM ex-Fuel outlook intact.
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Realized over $30M in savings, with 12 E190s retired to-date. Continue to expect
$75M in savings through 2024 from E190 fleet transition.
On-track to restore our earnings power.
Exceeded 1Q23 adjusted EPS guidance.
Achieving cost efficiency goals to mitigate inflationary pressures, providing a base
for strong operating leverage.
(1) Initial Q1 guidance in January of 2% to 4% YoY for CASM ex-Fuel.
(2) Operating expenses excluding special items; refer to reconciliations of non-GAAP financial measures in Appendix A.
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