jetBlue Results Presentation Deck
Focused on Maintaining Strong Balance Sheet
120%
100%
jetBlue
80%
60%
40%
20%
0%
Adjusted Debt to Capital (1)(2)
48%
LUV
81%
84% 85%
114%
56%
53%
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Maintaining a Healthy Liquidity Position and Comfortable.
Leverage Profile
ā
Balance sheet remains among the strongest in the industry
Ended Q2 with $2.4B in liquidity (3), or 24% of trailing twelve
months revenue
ā
Actively financing aircraft deliveries to maximize flexibility;
-$550M YTD in committed financing
Actively Managing Risk to Protect Our Earnings Outlook
Remaining opportunistic with fuel hedges to mitigate the
potential impact from significant volatility and price spikes
Hedged -30% of planned H2 fuel consumption
(1) Refer to reconciliations of non-GAAP financial measures in Appendix B
(2) As of 1Q23. Total debt is adjusted for total operating leases and pension / post retirement liabilities
(3) Includes $600M undrawn revolver
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