EX-99.1 2 ex991-earningsreleaseq32024.htm EX-99.1 Document
    例子 99.1- 盈利公布



捷蓝宣布2024年第三季业绩。
超过第三季预期，全年目标仍在顺利进行
在推出和执行JetForward策略方面取得进展
纽约 (2024年10月29日) - 捷蓝航空公司（纳斯达克：JBLU）今日公布其财务业绩报告 第三季度 页，共 2024.
「我们在第三季度达到或超过所有的财务目标，并在实施我们的JetForward策略方面取得进展，保持我们在第二季度建立的动力，」JetBlue的首席执行官Joanna Geraghty说。 「由于我们机组人员的努力以及第三季度我们的运营效能得到改善，我们看到客户满意度年度倍增。我很自豪能领导这支不可思议的团队，尤其是当他们继续面对像Hurricanes Helene和Milton这样的运营挑战时，仍继续提供JetBlue体验。」
「我们对第三季度逐年增加的单位营业收入表现感到高兴。我们的自助容量措施有助于在非高峰飞行期间更好地匹配供应与需求。需求在高峰时期和临时时段保持强劲，同时受到竞争力改善的支持，特别是在拉丁地域板块，以及我们营收举措的推动，」JetBlue总裁Marty St. George说。「在本季，我们宣布推出新产品和福利，如休息室和高级联名信用卡，并在可靠性和网络举措的实施上取得进展。今天，我们还宣布即将加强我们的Even More Space服务。」
捷蓝航空推出EvenMore®服务，以满足不断增长的高级旅行需求。
为压力位其「顾客重视的产品和福利」优先移动提供支持，捷蓝航空今天宣布计划将其Even More Space额外腿部空间座位进化为一项引人入胜的新产品，并加强商品推广和能见度。新的方法旨在提高顾客对捷蓝航空的考虑，并加强该航空公司在高级休闲市场的竞争地位。
从11月中旬开始，我们计划通过直接在jetblue.com的航班搜索结果页面上向客户提供Even More Space，从而提高其在预订过程中的可见性。此外，客户还可以通过座位选择地图继续购买Even More Space座位。随著2025年的到来，JetBlue将重新为EvenMore®提供重新包装，包括新的福利和设施，以及现有的额外腿部空间座位，为考虑为了更多空间和福利而升级的客户提供有吸引力的选择。JetBlue计划在明年年初宣布新的福利，然后进行推出。
「我们很高兴提升我们受欢迎的额外腿部空间座位，让顾客有更多理由选择捷蓝航空」，Marty St. George说。「EvenMore®转型的关键部分是让顾客从开始就更容易找到并预订这些增强选项。」
推进JetForward策略的推出和实施
•可靠细心的服务
◦实现来自推动运营可靠性的措施的好处，准时运营的表现提升了12个百分点，客户满意度得分在第三季度同比增长了两位数。
•东岸最佳休闲网络
◦截至今年日期，优化运营JetBlue 2023年网络超过20%，相当于15个站点关闭和超过50条航线退出。twork，代表了15个站点的关闭和超过50条航线的退出。
◦重新部署飞机到我们在休闲专注路线上的优势，如起飞点在东北机场的路线，例如罗德岛的普洛维登斯t.F.格林国际机场和康涅狄格的哈特福国际机场，JetBlue在当地具有良好规模构建的位置。
•产品与顾客重视的福利
◦宣布对机场体验进行增强，2025年底将在约翰·甘迺迪国际机场第5航站楼设立贵宾室，波士顿洛根国际机场随后即将推出。
◦扩展合作品牌组合，宣布推出高级合作品牌信用卡。
◦推出对蓝基本票价的更改，允许客户携带手提行李上机，使捷蓝的基本经济套餐成为行业板块中价格敏感客户最具价值的选择之一。
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•一个安全的财务未来
◦筹集约32亿美元的资金来清偿现有债务，预先资助2024年和2025年的资本支出，并支持JetForward的发展。.
第三季 2024 财务结果
•净损失 截至2023年6月30日 第三季度 页，共 2024 根据美国通用会计准则（"GAAP"），数量为6000万美元。 每股亏损0.17美元 每股调整后净亏损（不包括特殊项目） 第三季度 页，共 2024 约5400万美元(1) 或 $0.16(1) 每股损失。
•第三季 2024 系统容量 减少了 由 3.6% 年增长。
•2024年第三季度营业收入为24亿美元，同比增长0.5%。
•营运费用为 24亿美元 截至2024年6月30日的 2024年第三季 ，年同比下降 4.2%。
•2024年第三季度每个可用座位英里的运营费用（"CASM"）同比下降0.7%。
•2024年第三季度，不包括特殊项目的营运费用同比下降4.1%。 。 。(1) 年增%。
•每可利用座位英里的营业费用，不含燃料、 其他非航空营业费用 和 特殊项目（“排除燃料后的CASm”）(1) 于2024年第三季度增加了4.8%(1) 逐年增长。
•2024年第三季的营业利润率为(1.6)%，较去年同期提高了五个百分点。
•2024年第三季平均每加仑2.67美元的燃料价格。
第三季 2024 主要亮点
•年度调整后的营业利润率较去年同期提高约五个百分点。 (0.4)%.
•提高了运营性能，完成率提升到98%左右，高于三季度23年的96%左右。从三季度23年的96%左右提高到98%，
•第三季度年度同比单位营业收入增加了4.3％，得益于健康的需求 在高峰期，预订提升，拉丁地域竞争力量的调节以及自助容量措施有所改善。
•在我们的2024年营业收入三千万美元计划上有所进展，到目前为止提供了约二十七千五百万美元的增量总收益，比第二季度24多了约一万三千五百万美元。
•执行了我们的成本倡议，如结构性成本计划节省所证实的 $169 迄今节省了$1,000万并且避免了机队现代化成本$9500万。
•本季度结束时，我们总共持有近3亿元的现金。41亿美元流动资金为41亿美元，不包括我们尚未动用的60000万美元循环信贷设施。
•签署协议，与全球燃料服务和瓦莱罗能源公司一起为纽约带来有史以来首次持续供应混合可持续航空燃料，预计2024年初交付。
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展望
"我们的首要目标仍然是恢复经营盈利，而增加我们的单位营业收入对于达到经营盈利至关重要。由于第三季度的基本趋势在第四季度前期广泛持续，因此，我们预计在调整第三季度的crowdstrike效益以及第四季度的飓风密尔顿和选举负面冲击的情况下，单位营业收入增长仍将保持积极并保持连续性。当我们展望到2025年时，我对我们营收表现持续改善的背景感到鼓舞，特别是当额外的JetForward倡议开始产生效益时，" Marty St. George表示。
2024年第四季度和全年展望2024年第四季度预估2024财政年度预估
可用座位英里（"ASMs"）同比(7.0%) - (4.0%)(4.5%) - (2.5%)
营业收入同比增长(7.0%) - (3.0%)(5.0%) - (4.0%)
CASm 不包括燃料费 (1) 同比
13.0% - 15.0%7.0% - 8.0%
每加仑燃料价格 (2), (3)
$2.50 - $2.65$2.75 - $2.80
利息费用155美元 - 16500万美元$370 - 38000万
资本支出约45000万美元~$16亿
在第三季度，我们将营业利润率提高了五个百分点，超过了我们七月的预期，主要是通过改善营业收入表现、提高运营绩效以及降低燃油费用。饱受JetBlue首席财务官乌苏拉·赫利(Ursula Hurley)的称赞，我们将继续专注于控制成本，保持成本优势，并确保按计划实现全年CASm减燃油目标。为了帮助支持我们实施JetForward策略的跑道，我们还通过战略融资努力，采取了措施来强化我们的流动性位置。展望明年，我仍然对我们有正确的基础来开始在我们的80亿 - 90000万EBIt目标上交付结果感到信心。 (1) 目标。
业绩会详细信息
JetBlue将举行电话会议讨论今天的季度收益， 2024年10月29日 于东部时间上午10:00。电话会议的现场直播也可通过互联网获得， http://investor.jetblue.com。网络直播重播和演示资料将在公司网站上归档至少30天。
有关更多详细信息，请查看2024年第三季度收益发布会，可以通过互联网获得 http://investor.jetblue.com.
关于捷蓝航空公司
JetBlue是纽约的本地航空公司®，也是波士顿、劳德代尔堡-好莱坞、洛杉矶、奥兰多和圣胡安的主要航空公司。JetBlue以低票价和优质服务闻名，在美国、拉丁美洲、加勒比地区、加拿大和欧洲的100多个目的地上载客。欲了解更多信息和最优惠票价，请访问jetblue.com。
票据
(1)非依照普通会计准则的财务指标；附注A提供了本报告中使用的每个非依照普通会计准则的财务指标与最直接可比的普通会计准则财务指标的调和，并解释了管理层认为提供这些非依照普通会计准则的财务指标有助于投资者了解JetBlue的财务状况和经营业绩的原因。此外，请参考附注A以获取有关非依照普通会计准则前瞻性信息的更多细节。
(2)包括燃油税、对冲交易和其他燃油费用。
(3)JetBlue利用前Brent原油曲线。e 和前Brent原油喷气裂缝价差来计算当前季度中未套保部分。燃油价格基于2024年10月11日的前瞻曲线。



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前瞻性信息
本次收益发布中包含根据1995年修订的《1995年《私人证券诉讼改革法案》的前瞻性陈述。 我们打算将这些前瞻性陈述纳入1933年修正的《证券法》第27A条和1934年修正的《交易所法》第21E条中包含的前瞻性陈述的安全港规定中。本发布中除历史事实陈述外的所有陈述均属前瞻性陈述。 在某些情况下，您可以通过“预计”、“计划”、“打算”、“预期”、“标示”、“保留”、“认为”、“估计”、”预测”、“指导”、“展望”、“可能”、“将会”、“应该”、“寻求”、“目标”或这些术语的负面形式或其他类似表达来识别前瞻性陈述。 此外，前瞻性陈述包括与历史事实单独不相关的陈述，例如标识不确定性或趋势，讨论当前已知趋势或不确定性的可能未来影响，或表明已知趋势或不确定性的未来影响不能预测、保证或确认。本次收益公告中包含的前瞻性陈述包括但不限于关于我们展望和未来运营结果和财务状况的陈述，包括我们预期实现盈利能力、关于我们面临的阻力、我们的产品提供、我们的业务策略和未来运营的计划和目标，包括我们的JetForward倡议。前瞻性陈述涉及风险、不确定性和假设，并基于我们目前掌握的信息。
鉴于前瞻性声明存在的风险和不确定性，您不应过度依赖这些声明。 您应了解，除本报告中讨论或参考的重要因素外，还有许多其他因素可能导致我们的业绩与前瞻性声明中所表达的业绩有重大差异。 有关这些以及其他因素的更多信息，请参阅捷克航空向美国证券交易委员会（“SEC”）提交的申报文件，包括但不限于我们截至2023年12月31日年度10-k表格的年度报告，也可以通过我们的其他SEC文件进行更新。 鉴于这些风险和不确定性，本报告中讨论的前瞻事件可能不会发生。 我们的前瞻性声明仅适用于本报告的日期。 除法律要求外，我们不承担更新或修订前瞻性声明的义务，无论是基于新信息，未来事件还是其他原因。
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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in millions, except per share amounts)
Three Months Ended
September 30, 		Nine Months Ended
September 30,
(percent changes based on unrounded numbers)20242023Percent Change20242023Percent Change
OPERATING REVENUES
Passenger$2,198 $2,201 (0.1)$6,518 $6,842 (4.7)
Other167 152 9.8 484 448 8.2 
Total operating revenues2,365 2,353 0.5 7,002 7,290 (3.9)
OPERATING EXPENSES
Aircraft fuel 584 701 (16.8)1,835 2,108 (12.9)
Salaries, wages and benefits827 790 4.7 2,434 2,304 5.7 
Landing fees and other rents176 176 0.1 518 499 3.8 
Depreciation and amortization165 155 6.4 487 462 5.5 
Aircraft rent21 33 (37.0)73 99 (26.2)
Sales and marketing81 80 1.0 245 237 3.2 
Maintenance, materials and repairs160 168 (4.8)442 512 (13.7)
Special items27 33 (17.3)590 168 
NM (1)
Other operating expenses362 373 (3.0)1,078 1,064 1.4 
Total operating expenses2,403 2,509 (4.2)7,702 7,453 3.4 
OPERATING LOSS(38)(156)(75.9)(700)(163)NM
Operating margin(1.6)%(6.6)%5.0 pts.(10.0)%(2.2)%(7.8)pts.
OTHER INCOME (EXPENSE)
Interest expense(100)(53)89.0 (215)(145)47.7 
Interest income30 19 55.0 66 50 34.5 
Capitalized interest3 5 (32.3)12 14 (17.2)
Gain (loss) on investments, net(2)— NM(25)6 NM
Gain on debt extinguishments22 — NM22 — NM
Other7 11 (41.8)26 14 91.1 
Total other expense(40)(18)NM(114)(61)(84.1)
LOSS BEFORE INCOME TAXES(78)(174)(55.3)(814)(224)NM
Pre-tax margin(3.3)%(7.4)%4.1 pts.(11.6)%(3.1)%(8.5)pts.
Income tax benefit 18 21 (17.8)63 17 NM
NET LOSS$(60)$(153)(60.9)$(751)$(207)NM
LOSS PER COMMON SHARE
Basic$(0.17)$(0.46)$(2.18)$(0.63)
Diluted$(0.17)$(0.46)$(2.18)$(0.63)
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic346.9 333.3 344.0 331.0 
Diluted346.9 333.3 344.0 331.0 
(1) Not meaningful or greater than 100% change.
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JETBLUE AIRWAYS CORPORATION
COMPARATIVE OPERATING STATISTICS
(unaudited)
Three Months Ended
September 30,		Nine Months Ended
September 30,
(percent changes based on unrounded numbers)20242023Percent Change20242023Percent Change
Revenue passengers (thousands)10,596 10,911 (2.9)30,556 32,309 (5.4)
Revenue passenger miles (RPMs) (millions)14,491 14,777 (1.9)41,685 42,950 (2.9)
Available seat miles (ASMs) (millions)16,740 17,362 (3.6)49,940 51,484 (3.0)
Load factor86.6 %85.1 %1.5 pts.83.5 %83.4 %0.1 pts.
Aircraft utilization (hours per day) (1)
10.2 10.7 (4.7)10.2 10.9 (6.4)
Average fare$207.46 $201.73 2.8 $213.31 $211.77 0.7 
Yield per passenger mile (cents)15.17 14.89 1.9 15.64 15.93 (1.8)
Passenger revenue per ASM (cents)13.13 12.68 3.6 13.05 13.29 (1.8)
Operating revenue per ASM (cents)14.13 13.55 4.3 14.02 14.16 (1.0)
Operating expense per ASM (cents)14.35 14.45 (0.7)15.42 14.48 6.5 
Operating expense per ASM, excluding fuel (cents) (2)
10.62 10.13 4.8 10.48 9.96 5.2 
Departures80,037 85,971 (6.9)241,161 262,488 (8.1)
Average stage length (miles)1,298 1,253 3.6 1,290 1,223 5.5 
Average number of operating aircraft during period286 283 1.2 286 281 1.8 
Average fuel cost per gallon$2.67 $3.04 (12.2)$2.83 $3.11 (9.0)
Fuel gallons consumed (millions)219 230 (5.1)647 677 (4.4)
Average number of full-time equivalent crewmembers19,788 20,661 (4.2)20,036 20,706 (3.2)
(1) Includes aircraft temporarily removed from service, including aircraft impacted by the Pratt & Whitney engine groundings and lack of engine availability.
(2) Refer to Note A at the end of our Earnings Release for more information on this non-GAAP financial measure.




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JETBLUE AIRWAYS CORPORATION
SELECTED CONSOLIDATED BALANCE SHEET DATA
(in millions)
September 30, 2024December 31, 2023
(unaudited)
Cash and cash equivalents$2,594 $1,166 
Total investment securities1,508 564 
Total assets16,627 13,853 
Total debt8,231 4,716 
Stockholders' equity2,644 3,337 

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Note A - Non-GAAP Financial Measures
We report our financial results in accordance with GAAP; however, we present certain non-GAAP financial measures in this Earnings Release. Non-GAAP financial measures are financial measures that are derived from the condensed consolidated financial statements, but that are not presented in accordance with GAAP. We present these non-GAAP financial measures because we believe they provide useful supplemental information that enables a meaningful comparison of our results to others in the airline industry and our prior year results. Investors should consider these non-GAAP financial measures in addition to, and not as a substitute for, our financial measures prepared in accordance with GAAP. Further, our non-GAAP information may be different from the non-GAAP information provided by other companies. The information below provides an explanation of each non-GAAP financial measure used in this Earnings Release and shows a reconciliation of each non-GAAP financial measure used in this Earnings Release to the most directly comparable GAAP financial measure.
With respect to JetBlue’s CASM Ex-Fuel (1) guidance and EBIT (2) targets, JetBlue is not able to provide a reconciliation of forward-looking measures where the quantification of certain excluded items reflected in the measures cannot be calculated or predicted at this time without unreasonable efforts. In these cases, the reconciling information that is unavailable includes a forward-looking range of financial performance measures beyond our control, such as interest rates and fuel costs, which are subject to many economic and political factors beyond our control. For the same reasons, we are unable to address the probable significance of the unavailable information, which could have a potentially unpredictable and potentially significant impact on our future GAAP financial results.
(1) CASM Ex-Fuel is a non-GAAP measure that excludes fuel, other non-airline operating expenses, and special items.
(2) EBIT is a non-GAAP measure that excludes interest and income taxes from net income (loss).
























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Operating expense per available seat mile, excluding fuel, other non-airline operating expenses, and special items ("CASM ex-fuel")
CASM is a common metric used in the airline industry. Our CASM for the relevant periods are summarized in the table below. We exclude aircraft fuel, operating expenses related to other non-airline businesses, such as JetBlue Technology Ventures and JetBlue Travel Products, and special items from total operating expenses to determine Operating Expenses ex-fuel, which is a non-GAAP financial measure, and we exclude the same items from CASM to determine CASM ex-fuel, which is also a non-GAAP financial measure. We believe the impact of these special items distorts our overall trends and that our metrics are more comparable with the presentation of our results excluding such impact.
We believe Operating Expenses ex-fuel and CASM ex-fuel are useful for investors because they provide investors the ability to measure our financial performance excluding items that are beyond our control, such as fuel costs, which are subject to many economic and political factors, as well as items that are not related to the generation of an available seat mile, such as operating expense related to certain non-airline businesses and special items. We believe these non-GAAP measures are more indicative of our ability to manage airline costs and are more comparable to measures reported by other major airlines.
For the three months ended September 30, 2024, special items included union contract costs and voluntary opt-out costs. For the nine months ended September 30, 2024, special items included Spirit-related costs, union contract costs, voluntary opt-out costs, and Embraer E190 fleet transition costs.
For the three and nine months ended September 30, 2023, special items included Spirit-related costs and union contract costs.
The table below provides a reconciliation of our total operating expenses (GAAP measure) to Operating Expenses ex-fuel, and our CASM to CASM ex-fuel for the periods presented.             
NON-GAAP FINANCIAL MEASURE
RECONCILIATION OF OPERATING EXPENSE AND OPERATING EXPENSE PER ASM (CASM), EXCLUDING FUEL
(unaudited)
Three Months Ended September 30,
$Cents per ASM
($ in millions; per ASM data in cents; percent changes based on unrounded numbers)20242023Percent Change20242023Percent Change
Total operating expenses$2,403$2,509(4.2)14.3514.45 (0.7)
Less:
Aircraft fuel584701(16.8)3.494.04 (13.7)
Other non-airline expenses1416(10.7)0.080.09 (7.4)
Special items2733(17.3)0.160.19 (14.3)
Operating expenses, excluding fuel$1,778$1,7591.1 10.6210.13 4.8 

Nine Months Ended September 30,
$Cents per ASM
($ in millions; per ASM data in cents; percent changes based on unrounded numbers)20242023Percent Change20242023Percent Change
Total operating expenses$7,702$7,4533.4 15.42 14.48 6.5 
Less:
Aircraft fuel 1,8352,108(12.9)3.67 4.09 (10.3)
Other non-airline expenses4649(5.7)0.09 0.09 (2.8)
Special items590168
NM (1)
1.18 0.33 NM
Operating expenses, excluding fuel$5,231$5,1282.0 10.48 9.96 5.2 
(1) Not meaningful or greater than 100% change.
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Operating Expense, Operating Loss, Adjusted Operating Margin, Pre-tax Loss, Adjusted Pre-tax Margin, Net Loss and Loss per Share, excluding Special Items, Gain (Loss) on Investments and Gain on Debt Extinguishments
Our GAAP results in the applicable periods were impacted by credits and charges that were deemed special items.
For the three months ended September 30, 2024, special items included union contract costs and voluntary opt-out costs. For the nine months ended September 30, 2024, special items included Spirit-related costs, union contract costs, voluntary opt-out costs, and Embraer E190 fleet transition costs.
For the three and nine months ended September 30, 2023 special items included Spirit-related costs and union contract costs.
Certain net gains and losses on our investments and the gain on debt extinguishments were also excluded from our September 30, 2024 and 2023 non-GAAP results.
We believe the impact of these items distort our overall trends and that our metrics are more comparable with the presentation of our results excluding the impact of these items. The table below provides a reconciliation of our GAAP reported amounts to the non-GAAP amounts excluding the impact of these items for the periods presented.





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NON-GAAP FINANCIAL MEASURE
RECONCILIATION OF OPERATING EXPENSE, OPERATING LOSS, ADJUSTED OPERATING MARGIN, PRE-TAX LOSS, ADJUSTED PRE-TAX MARGIN, NET LOSS, LOSS PER SHARE, EXCLUDING SPECIAL ITEMS, GAIN (LOSS) ON INVESTMENTS AND GAIN ON DEBT EXTINGUISHMENTS
(unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
(in millions except percentages)2024202320242023
Total operating revenues$2,365 $2,353 $7,002 $7,290 
RECONCILIATION OF OPERATING EXPENSE
Total operating expenses$2,403 $2,509 $7,702 $7,453 
Less: Special items27 33 $590 $168 
Total operating expenses excluding special items$2,376 $2,476 $7,112 $7,285 
Percent change(4.1)%(2.4)%
RECONCILIATION OF OPERATING LOSS
Operating loss$(38)$(156)$(700)$(163)
Add back: Special items27 33 590 168 
Operating income (loss) excluding special items$(11)$(123)$(110)$5 
RECONCILIATION OF ADJUSTED OPERATING MARGIN
Operating margin(1.6)%(6.6)%(10.0)%(2.2)%
Operating income (loss) excluding special items$(11)$(123)$(110)$5 
Total operating revenues2,365 2,353 7,002 7,290 
Adjusted operating margin(0.4)%(5.2)%(1.6)%0.1 %
RECONCILIATION OF PRE-TAX LOSS
Loss before income taxes$(78)$(174)$(814)$(224)
Add back: Special items27 33 590 168 
Less: Gain (loss) on investments, net(2)— (25)6 
Less: Gain on debt extinguishments22 — 22 — 
Loss before income taxes excluding special items, gain (loss) on investments and gain on debt extinguishments$(71)$(141)$(221)$(62)
RECONCILIATION OF ADJUSTED PRE-TAX MARGIN
Pre-tax margin(3.3)%(7.4)%(11.6)%(3.1)%
Loss before income taxes excluding special items$(71)$(141)$(221)$(62)
Total operating revenues2,365 2,353 7,002 7,290 
Adjusted pre-tax margin(3.0)%(6.0)%(3.2)%(0.9)%
RECONCILIATION OF NET LOSS
Net loss$(60)$(153)$(751)$(207)
Add back: Special items27 33 590 168 
Less: Income tax benefit related to special items6 9 14 30 
Less: Gain (loss) on investments, net(2)— (25)6 
Less: Income tax benefit (expense) related to gain (loss) on investments, net— — 6 (1)
Less: Gain on debt extinguishments22 — 22 — 
Less: Income tax expense related to gain on debt extinguishments(5)— (5)— 
Net loss excluding special items, gain (loss) on investments and gain on debt extinguishments$(54)$(129)$(173)$(74)
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NON-GAAP FINANCIAL MEASURE
RECONCILIATION OF OPERATING EXPENSE, OPERATING LOSS, ADJUSTED OPERATING MARGIN, PRE-TAX LOSS, ADJUSTED PRE-TAX MARGIN, NET LOSS, LOSS PER SHARE, EXCLUDING SPECIAL ITEMS, GAIN (LOSS) ON INVESTMENTS AND GAIN ON DEBT EXTINGUISHMENTS (CONTINUED)
(unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
CALCULATION OF LOSS PER SHARE2024202320242023
Loss per common share
Basic$(0.17)$(0.46)$(2.18)$(0.63)
Add back: Special items0.07 0.10 1.72 0.51 
Less: Income tax benefit related to special items0.02 0.03 0.04 0.08 
Less: Gain (loss) on investments, net(0.01)— (0.07)0.02 
Less: Income tax benefit related to gain (loss) on investments, net— — 0.02 — 
Less: Gain on debt extinguishments0.06 — 0.06 — 
Less: Income tax expense related to gain on debt extinguishments(0.01)— (0.01)— 
Basic excluding special items, gain (loss) on investments and gain on debt extinguishments$(0.16)$(0.39)$(0.50)$(0.22)
Diluted$(0.17)$(0.46)$(2.18)$(0.63)
Add back: Special items0.07 0.10 1.72 0.51 
Less: Income tax benefit related to special items0.02 0.03 0.04 0.08 
Less: Gain (loss) on investments, net(0.01)— (0.07)0.02 
Less: Income tax benefit related to gain (loss) on investments, net— — 0.02 — 
Less: Gain on debt extinguishments0.06 — 0.06 — 
Less: Income tax expense related to gain on debt extinguishments(0.01)— (0.01)— 
Diluted excluding special items, gain (loss) on investments and gain on debt extinguishments$(0.16)$(0.39)$(0.50)$(0.22)










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CONTACTS
JetBlue Investor Relations
Tel: +1 718 709 2202
ir@jetblue.com

JetBlue Corporate Communications
Tel: +1 718 709 3089
corpcomm@jetblue.com
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