UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

Size: px
Start display at page:

Download "UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K"

Transcription

1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 24, 2018 JETBLUE AIRWAYS CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) Queens Plaza North, Long Island City, New York (Address of principal executive offices) (718) (Registrant s telephone number, including area code) N/A (Former name or former address, if changed since last report.) (Zip Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

2 Item 2.02 Results of Operations and Financial Condition On July 24, 2018 we issued a press release announcing our financial results for the second quarter ended June 30, A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference. The information included under Item 2.02 of this report (including the exhibits) is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of Item 7.01 Regulation FD Disclosure. On July 24, 2018, we provided an update for investors presenting information relating to our financial outlook for the third quarter ending September 30, 2018 and full year 2018, and other information regarding our business. The update and materials to be used in conjunction with the presentation are furnished herewith as Exhibit 99.2 and Exhibit 99.3 and are incorporated herein by reference. The information included under Item 7.01 of this report (including the exhibits) is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of The information furnished in this Item 7.01 shall not be deemed filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which represent our management's beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words expects, plans, anticipates, indicates, believes, forecast, guidance, outlook, may, will, should, seeks, targets and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; volatility in fuel prices, maintenance costs and interest rates; our ability to implement our growth strategy; our significant fixed obligations and substantial indebtedness; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on high daily aircraft utilization; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our reliance on a limited number of suppliers; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation; changes in our industry due to other airlines' financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; the spread of infectious diseases; adverse weather conditions or natural disasters; and external geopolitical events and conditions. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change prior to the end of each quarter or year.given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. You should understand that many important factors, in addition to those discussed or incorporated by reference in this press release, could cause our results to differ materially from those expressed in the forward-looking statements. Potential factors that could affect our results include, in addition to others not described in this press release, those described in Item 1A of our 2017 Form 10-K under "Risks Related to JetBlue" and

3 "Risks Associated with the Airline Industry". In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press Release dated July 24, 2018 of JetBlue Airways Corporation announcing financial results for the second quarter ended June 30, Investor Update dated July 24, 2018 of JetBlue Airways Corporation Earnings Presentation dated July 24, 2018.

4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. JETBLUE AIRWAYS CORPORATION (Registrant) /s/ Alexander Chatkewitz Date: July 24, 2018 By: VicePresident,Controller,andChiefAccountingOfficer(PrincipalAccountingOfficer)

5 JETBLUE ANNOUNCES SECOND QUARTER 2018 RESULTS NEW YORK (July 24, 2018) -- JetBlue Airways Corporation (NASDAQ: JBLU) today reported its results for the second quarter 2018: Reported diluted loss per share of $0.38, inclusive of $319 million pre-tax impairment charge on E190 assets. Excluding this charge, adjusted diluted earnings per share of $0.38 (1). This compares to JetBlue s second quarter 2017 diluted earnings per share of $0.62. Pre-tax loss of $160 million, inclusive of the E190 asset impairment charge. Excluding this charge, adjusted pre-tax income of $159 million (1), a decrease of 51.1% from the second quarter of Pre-tax margin of (8.3%), inclusive of the E190 asset impairment charge. Excluding this charge, adjusted pre-tax margin of 8.2% (1), a 9.5 point decrease year over year. Highlights from the Second Quarter 2018 Second quarter 2018 revenue per available seat mile (RASM) decreased (1.2)%, year over year, including 2.5 points of negative impact from holiday travel that shifted into the first quarter, as well as lapping a 1.25 point benefit that occurred in second quarter of 2017 from completion factor and co-brand incentive payments. Operating expenses per available seat mile, excluding fuel (CASM ex-fuel) growth of 1.9%, slightly better than the initial guidance range of 2.0% to 4.0%, partially driven by the timing of expenses from the second into the third quarter of 2018 and higher completion factor. JetBlue announced a signed MOU for the purchase of 60 A220 aircraft, starting in 2020 through 2025 and a transition plan for its current E190 fleet. The transaction is expected to mitigate costs increases into the next decade, strengthen JetBlue s network strategy and offer Customers and Crewmembers with a state-of-the art product experience. Key Guidance for the Third Quarter and Full Year 2018: Capacity is expected to increase between 7.5% and 9.5% year over year in the third quarter For the full year 2018, JetBlue expects capacity to increase between 6.5% and 7.5%, including a 2 point reduction to capacity in the fourth quarter of RASM growth is expected to range between flat and 3.0% for the third quarter 2018 compared to the same period in CASM Ex-Fuel is expected to grow between 1.0% and 3.0% for the third quarter of For the full year 2018, JetBlue expects year over year CASM Ex-Fuel to be between (1.0)% and 1.0%. CASM Ex-Fuel guidance includes accelerated depreciation of approximately $0.4 million per quarter for the balance of 2018, related to the E190 asset impairment. For further details see the latest Investor Update and the Second Quarter 2018 Earnings Presentation available via the internet at JetBlue will conduct a conference call to discuss its quarterly earnings today, July 24, at 10:00 a.m. Eastern Time. A live broadcast of the conference call will also be available via the internet at (1) Note A provides a reconciliation of non-gaap financial measures used in this release and provides the reasons management uses those measures.

6 Progress Continues Towards Margin Commitments I d like to thank our 22,000 Crewmembers, for everything they do to deliver an outstanding JetBlue experience to our Customers. Our financial performance was impacted by the holiday calendar, but more importantly, by fuel prices that increased over 40% year over year. The team is focused on mitigating the impact of higher fuel in order to stabilize and improve our margins. We are planning a series of adjustments to both capacity and our ancillary revenue to take effect over the coming months, said Robin Hayes, JetBlue s Chief Executive Officer. I was pleased with our CASM ex-fuel growth coming in below the low-end of our guidance range for the second quarter. Controlling our costs is even more critical amid higher oil prices and we are lowering our annual capacity growth to protect our margins. We are focused on our many building blocks aimed at improving our relative margins. Fleet is one broad example of building blocks that improve margins. We are delighted with the outcome of the E190 fleet review and our selection of the Airbus A We believe the recent transaction will be ROIC accretive as well as EPS accretive. Our investments in the operation to mitigate ATC challenges are showing signs of positive results as we move through the peak summer season. We look forward to continuing to focus on improving our best in class Customer experience including on time performance and investments in our product, said Joanna Geraghty, JetBlue s President and Chief Operating Officer. Revenue Performance and Outlook Second quarter RASM decrease of (1.2)% was slightly better than expected and within JetBlue s guidance range from early June of (2.5)% to (0.5)%. We continue to target a mid-to-high single digit capacity growth, and are taking a number of actions to adjust to higher oil prices. We are updating our 2018 capacity guidance, including a 2-point reduction to our fourth quarter growth that will run through our schedules over the next few days, said Marty St. George, JetBlue s EVP Commercial and Planning. Looking into the third quarter, we expect year over year RASM growth to be between flat and plus 3 percent. RASM continues to be driven by close-in bookings, and we ve seen strength throughout July. The deceleration in RASM we are seeing in the third quarter is a result of slowing ancillary per Customer trends, driven by a transition to our new Vacations platform that has been more challenging than anticipated. To mitigate the impact, we are moving forward with a series of ancillary adjustments that are independent of the platform change. Cost Performance, Outlook and Balance sheet Second quarter CASM ex-fuel was below the guidance range from April, driven by a solid operational environment and timing of expenses. JetBlue reaffirms its expectation for CASM ex-fuel growth to inflect during the second half of the year. By the end of the quarter we achieved $154 million in 2020 run rate savings as a result of our Structural Cost Program. We continue to expect an inflection in our unit cost trends in the second half as the benefits of the Structural Cost Program build, said Steve Priest, JetBlue s EVP Chief Financial Officer

7 We are also thrilled about the outcome of the E190 fleet review and our selection of the Airbus A This aircraft is a perfect fit for our network strategy and Customer Experience, and most importantly for our Owners, it is the ideal aircraft to carry the momentum of our Structural Cost Program well into the next decade. Our strong balance sheet and investment grade metrics allows us to invest in value-accretive projects, such as our recent fleet transaction. Capital Allocation and Liquidity JetBlue ended the quarter with approximately $915 million in unrestricted cash and short term investments, or about 12.6% of trailing twelve month revenue. In addition, JetBlue maintains approximately $625 million in undrawn lines of credit. In its commitment to maintaining a balanced approach to capital allocation, JetBlue executed an additional $125 million in share repurchases during the quarter. During the second quarter, JetBlue repaid $66 million in regularly scheduled debt and capital lease obligations, and raised nearly $280 million in secured aircraft debt. JetBlue anticipates paying approximately $54 million in regularly scheduled debt and capital lease obligations in the third quarter and approximately $212 million for the full year JetBlue anticipates maintaining a 30-40% adjusted debt to cap range and liquidity between 10% and 12%. Fuel Expense and Hedging The realized fuel price in the quarter was $2.28 per gallon, a 41.7% increase versus second quarter 2017 realized fuel price of $1.61. JetBlue entered into forward fuel derivative contracts to hedge approximately 7% of its fuel consumption during the third quarter of Based on the fuel curve as of July 13 th, JetBlue expects an average price per gallon of fuel of $2.33 in the third quarter of About JetBlue JetBlue is New York's Hometown Airline, and a leading carrier in Boston, Fort Lauderdale - Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 40 million customers a year to 102 cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights. For more information please visit Notes (1) Consolidated operating cost per available seat mile, excluding fuel and related taxes, and operating expenses related to other non-airline businesses (CASM Ex-Fuel) is a non-gaap financial measure that we use to measure our core performance. Note A provides a reconciliation of non-gaap financial measures used in this release and provides the reasons management uses those measures. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which represent our management's beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words expects, plans, anticipates, indicates, believes, forecast, guidance, outlook, may, will, should, seeks, targets and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; our significant fixed obligations and substantial indebtedness; volatility in fuel prices, maintenance costs and interest rates; our reliance on high daily aircraft utilization; our ability to implement our growth strategy; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on a limited number of suppliers; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; - 3 -

8 our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation; changes in our industry due to other airlines' financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; the spread of infectious diseases; adverse weather conditions or natural disasters; and external geopolitical events and conditions. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change prior to the end of each quarter or year. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. You should understand that many important factors, in addition to those discussed or incorporated by reference in this press release, could cause our results to differ materially from those expressed in the forward-looking statements. Potential factors that could affect our results include, in addition to others not described in this press release, those described in Item 1A of our 2017 Form 10-K under "Risks Related to JetBlue" and "Risks Associated with the Airline Industry". In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur

9 JETBLUE AIRWAYS CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share amounts) (unaudited) Three Months Ended Six Months Ended June 30, Percent June 30, Percent (1) Change (1) Change OPERATING REVENUES Passenger $ 1,858 $ 1, $ 3,549 $ 3, Other Total operating revenues 1,928 1, ,682 3, OPERATING EXPENSES Aircraft fuel and related taxes Salaries, wages and benefits Landing fees and other rents Depreciation and amortization Aircraft rent (4.1) (4.6) Sales and marketing Maintenance, materials and repairs Other operating expenses Special items 319 n/a 319 n/a Total operating expenses 2,072 1, ,698 2, OPERATING INCOME (144) 347 (141.5) (16) 490 (103.3) Operating margin (7.5) % 18.9 % (26.4) pts. (0.4) % 14.2 % (14.6) pts. OTHER INCOME (EXPENSE) Interest expense (22) (24) (9.6) (44) (49) (11.5) Capitalized interest (4.3) Interest income and other 3 (2,900.1) Total other income (expense) (16) (22) (25.3) (34) (43) (20.3) (LOSS) INCOME BEFORE INCOME TAXES (160) 325 (149.3) (50) 447 (111.2) Pre-tax margin (8.3) % 17.7 % (26.0) pts. (1.4) % 13.0 % (14.4) pts. Income tax expense (benefit) (40) 118 (134.1) (18) 158 (111.6) NET (LOSS) INCOME $ (120) $ 207 (158.0) $ (32) $ 289 (110.9) EARNINGS PER COMMON SHARE: Basic $ (0.38) $ 0.63 $ (0.10) $ 0.87 Diluted $ (0.38) $ 0.62 $ (0.10) $ 0.86 WEIGHTED AVERAGE SHARES OUTSTANDING: Basic Diluted (1) Prior period results have been recast to reflect the adoption of ASC 606 RevenuefromContractswithCustomers

10 JETBLUE AIRWAYS CORPORATION COMPARATIVE OPERATING STATISTICS (unaudited) Three Months Ended Six Months Ended June 30, Percent June 30, Percent Change Change Revenue passengers (thousands) 10,923 10, ,804 20, Revenue passenger miles (millions) 13,043 12, ,909 23, Available seat miles (ASMs) (millions) 15,138 14, ,162 27, Load factor 86.2 % 85.2 % 1.0 pts % 84.6 % 0.8 pts. Aircraft utilization (hours per day) (2.5) Average fare(2) $ $ (0.7) $ $ Yield per passenger mile (cents) (2) (2.2) Passenger revenue per ASM (cents) (2) (1.0) Revenue per ASM (cents) (2) (1.2) Operating expense per ASM (cents) (2) Operating expense per ASM, excluding fuel (cents) (1)(2) Departures 93,688 90, , , Average stage length (miles) 1,088 1, ,093 1, Average number of operating aircraft during period Average fuel cost per gallon, including fuel taxes $ 2.28 $ $ 2.19 $ Fuel gallons consumed (millions) Average number of full-time equivalent crewmembers 17,677 16, (1) Refer to Note A, Consolidated operating cost per available seat mile, excluding fuel (CASM Ex-Fuel) at the end of our Earnings Release for more information on this non-gaap measure. CASM Ex-Fuel excludes fuel and related taxes, special items, and operating expenses related to other non-airline businesses. (2) Recasted to reflect the adoption of ASC 606 RevenuefromContractswithCustomers. JETBLUE AIRWAYS CORPORATION SELECTED CONSOLIDATED BALANCE SHEET DATA (in millions) June 30, December 31, (unaudited) Cash and cash equivalents $ 603 $ 303 Total investment securities Total assets 9,940 9,781 Total debt 1,358 1,199 Stockholders' equity (1) 4,481 4,732 (1) Prior period results have been recast to reflect the adoption of ASC 606 RevenuefromContractswithCustomers

11 Note A - Non-GAAP Financial Measures JetBlue sometimes uses non-gaap measures that are derived from the Consolidated Financial Statements, but that are not presented in accordance with generally accepted accounting principles ( GAAP ). JetBlue believes these non-gaap measures provide 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 a substitute for, our results prepared in accordance with GAAP. We believe certain charges included in our operating expenses on a GAAP basis make it difficult to compare our current period results to prior periods as well as future periods and guidance. We believe our special items distort our overall trends and that our metrics and results are enhanced with the presentation of our results excluding the impact of special items. during the periods presented below special items include a non-cash impairment charge related to the Embraer E190 Fleet review as a result of our decision to exit the fleet. The tables below show a reconciliation of non-gaap financial measures used in this press release to the most directly comparable GAAP financial measures. Under the U.S. Securities and Exchange Commission rules, non-gaap financial measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. It should be noted as well that our non-gaap information may be different from the non-gaap information provided by other companies. Consolidated operating cost per available seat mile, excluding fuel and related taxes, and certain non-airline operating expenses ( CASM Ex-Fuel ). CASM is a common metric used in the airline industry. We exclude aircraft fuel and related taxes and operating expenses related to other non-airline business, such as JetBlue Technology Ventures and JetBlue Travel Products, from operating cost per available seat mile to determine CASM Ex-Fuel. We believe CASM Ex-Fuel provides investors the ability to measure financial performance excluding items beyond our control such as fuel costs, which are subject to many economic and political factors beyond our control or not related to the generation of an available seat mile, such as operating expenses related to other non-airline businesses. We believe this measure is more indicative of our ability to manage costs and is more comparable to measures reported by other major airlines. NON-GAAP FINANCIAL MEASURE RECONCILIATION OF OPERATING EXPENSE PER ASM, EXCLUDING FUEL (in millions, per ASM data in cents) (unaudited) Three Months Ended Six Months Ended June 30, June 30, $ per ASM $ per ASM $ per ASM $ per ASM Total operating expenses $ 2,038 $ $ 1,489 $ $ 3,664 $ $ 2,947 $ Less: Aircraft fuel and related taxes Other non-airline expenses Special items $ 285 $ 1.88 $ $ 285 $ 0.98 $ $ Operating expenses, excluding fuel $ 1,251 $ 8.26 $ 1,155 $ 8.11 $ 2,451 $ 8.40 $ 2,282 $

12 Reported Amounts to Non-GAAP, excluding special items NON-GAAP FINANCIAL MEASURES RECONCILIATION OF OPERATING EXPENSE, INCOME BEFORE TAXES, NET INCOME AND EARNINGS PER SHARE EXCLUDING SPECIAL ITEMS (in millions, except per share amounts) (unaudited) Three Months Ended Six Months Ended June 30, June 30, Total operating expenses 2,072 $ 1,489 3,698 $ 2,947 Add back: Impairment of long-lived assets Total operating expense excluding special items $ 1,753 $ 1,489 $ 3,379 $ 2,947 Operating (loss) income $ (144) $ 347 $ (16) $ 490 Add back: Impairment of long-lived assets Operating income excluding special items $ 715 $ 347 $ 303 $ 490 (Loss) income before income taxes $ (160) $ 325 $ (50) $ 447 Add back: Impairment of long-lived assets Income before income taxes excluding special items $ 159 $ 325 $ 269 $ 447 Income before income taxes excluding special items $ 159 $ 325 $ 269 $ 447 Less: Income tax expense (benefit) (40) 118 (18) 158 Add back: Income tax related to impairment of long-lived assets Net Income excluding special items $ 120 $ 207 $ 208 $ 289 Earnings Per Common Share: Basic $ (0.38) $ 0.63 $ (0.10) $ 0.87 Add back: Special items, net of tax Basic excluding special items $ 0.38 $ 0.63 $ 0.65 $ 0.87 Diluted $ (0.38) $ 0.62 $ (0.10) $ 0.86 Add back: Special items, net of tax Diluted excluding special items $ 0.38 $ 0.62 $ 0.65 $ 0.86 CONTACTS JetBlue Investor Relations Tel: JetBlue Corporate Communications Tel:

13 Investor Update Investor Update: July 24, 2018 This update provides JetBlue s investor guidance for the third quarter ending September 30, 2018 and full year Recent Announcements JetBlue has announced service between the following city pairs: City Pair Frequency Start Date New York (JFK) - Ontario (ONT) 1x Daily September 5, 2018 Boston (BOS) - Burbank (BUR) 1x Daily September 5, 2018 New York (JFK) - Mexico City (MEX) 1x Daily October 25, 2018 Boston (BOS) - Mexico City (MEX) 1x Daily October 25, 2018 Boston (BOS) - Havana (HAV) 1x Weekly November 10, 2018 Long Beach (LGB) - Bozeman (BZN) 2x Weekly Seasonal December 13, 2018 Boston (BOS) - Steamboat Springs (HDN) 2x Weekly Seasonal December 15, 2018 Fort Lauderdale (FLL) - Steamboat Springs (HDN) 1x Weekly Seasonal December 15, 2018 Long Beach (LGB) - Steamboat Springs (HDN) 2x Weekly Seasonal December 15, 2018 Capacity Third quarter 2018 available seat miles (ASMs) are estimated to increase 7.5% to 9.5% year-over-year. Full year 2018 ASMs are estimated to increase 6.5% to 7.5% year-overyear. JetBlue estimates the following distribution as a percentage of total ASMs by aircraft type: Third Quarter 2018 Full Year 2018 A320 A321 All-Core A321 Mint E190 A320 A321 All-Core A321 Mint E190 55% 15% 19% 11% 55% 15% 19% 11% Average stage length is projected to increase year-over-year by approximately 1.8% for the third quarter 2018 and increase by approximately 2.1% for the full year Operational Outlook Operating Expense Year-Over-Year Percentage Change Third Quarter Full Year Unit Operating Expense Excluding Fuel (CASM Ex-Fuel) (1) % (1.0) - 1.0% Operating Expenses Related to other Non-Airline Businesses (2) (in millions) $9 - $14 $35 - $45% 1 CASM Ex-Fuel excludes fuel and related taxes, special items and operating expenses related to other non-airline expenses. With respect to JetBlue s CASM Ex-Fuel and guidance, JetBlue is not able to provide a reconciliation of the non-gaap financial measure to GAAP because the excluded items have not yet occurred and cannot be reasonably predicted. The reconciling information that is unavailable would include a forward-looking range of financial performance measures beyond our control, such as fuel costs, which are subject to many economic and political factors beyond our control. Beginning with the first quarter of 2018, Operating Expenses Related to other Non-Airline businesses include JetBlue Travel Products and equivalent prior period costs. Full year 2018 CASM Ex-Fuel excludes the non-cash impairment charge related to the Embraer E190 Fleet review as we believe this special item distorts our overall trends. JetBlue Airways Investor Relations (718)

14 Investor Update 2 Operating Expenses Related to other Non-Airline businesses will be excluded from prior periods. As a result, this change has minimal impact on the projected growth rate. Third Quarter Full Year Fuel Expense Estimated Consumption (gallons) 217 million 845 million Estimated Fuel Price per Gallon, Net of Hedges 1 $ ¹Includes fuel taxes. ²JetBlue utilizes the forward Brent crude curve and the forward Brent crude to heating oil crack spread to calculate the unhedged portion of its prompt quarter. As of July 13, 2018, the forward Brent crude per barrel price was $76 and the crack spread averaged $15 per barrel for the third quarter of Fuel Hedges As of July 13, 2018 JetBlue s advanced fuel derivative contracts are as follows: Gallons Estimated Percentage of Consumption 3Q18 16 million 7.4% 4Q18 16 million 7.5% Price 7.4% in USGC Jet bull call spreads at an average strike price of $2.25/gal x $2.45/gal 7.45% in USGC Jet bull call spreads at an average strike price of $2.25/gal x $2.45/gal Other Income (Expense) JetBlue estimates total Other Income (Expense) to be between ($16) and ($23) million in the third quarter 2018 and between ($65) and ($75) million for the full year Tax Rate JetBlue expects an effective annual tax rate between 25% and 26%. However, the actual tax rate in the third quarter and full year 2018 could differ due to a number of factors. Capital Expenditures (In millions) Third Quarter 2018 Full Year 2018 Aircraft Non-aircraft Total Aircraft Non-aircraft Total $275 - $310 $35 - $50 $310 - $360 $850 - $1,000 $150 - $200 $1,000 - $1,200 JetBlue Airways Investor Relations (718)

15 Investor Update Aircraft Delivery Schedule As of June 30, 2018 JetBlue s fleet was comprised of 130 Airbus A320 aircraft, 23 Airbus A321 All-Core aircraft, 34 Airbus A321 Mint aircraft, and 60 EMBRAER 190 aircraft, for a total of 247 aircraft. Airbus A320 Airbus A321 EMBRAER 190 Aircraft Mortgage Lease Aircraft Mortgage Lease Aircraft Mortgage Lease 3Q18 2 4Q18 4 Total at Year End Airbus Order Book As of July 24, 2018 JetBlue's firm Airbus order book: Year Airbus A220 Airbus A321neo Total * 6* Total *6 remaining A321ceo deliveries in 2018 Share Count Share count estimates for calculating basic and diluted earnings per share are as follows: Third Quarter Full Year Basic Share Count million million Diluted Share Count million million These share count estimates do not include any future share repurchases that may occur throughout 2018 under JetBlue's share buyback program. The number of shares used in JetBlue s actual earnings per share will likely be different than those stated above. This Investor Update contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which represent our management's beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words expects, plans, JetBlue Airways Investor Relations (718)

16 Investor Update anticipates, indicates, believes, forecast, guidance, outlook, may, will, should, seeks, targets and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; our significant fixed obligations and substantial indebtedness; volatility in fuel prices, maintenance costs and interest rates; our reliance on high daily aircraft utilization; our ability to implement our growth strategy; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on a limited number of suppliers; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation; changes in our industry due to other airlines' financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; the spread of infectious diseases; adverse weather conditions or natural disasters; and external geopolitical events and conditions. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change prior to the end of each quarter or year. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. You should understand that many important factors, in addition to those discussed or incorporated by reference in this Investor Update, could cause our results to differ materially from those expressed in the forward-looking statements. Potential factors that could affect our results include, in addition to others not described in this Investor Update, those described in Item 1A of our 2017 Form 10-K under "Risks Related to JetBlue" and "Risks Associated with the Airline Industry". In light of these risks and uncertainties, the forward-looking events discussed in this Investor Update might not occur. JetBlue Airways Investor Relations (718)

17 2Q 2018 EARNINGS PRESENTATION JULY 24,

18 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which represent our management's beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words expects, plans, anticipates, indicates, believes, forecast, guidance, outlook, may, will, should, seeks, targets and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; our significant fixed obligations and substantial indebtedness; volatility in fuel prices, maintenance costs and interest rates; our reliance on high daily aircraft utilization; our ability to implement our growth strategy; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on a limited number of suppliers; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation; changes in our industry due to other airlines' financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; the spread of infectious diseases; adverse weather conditions or natural disasters; and external geopolitical events and conditions. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change prior to the end of each quarter or year. Further information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's 2017 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. In light of these risks and uncertainties, the forward-looking events discussed in this presentation might not occur. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this presentation. The following presentation also includes certain non-gaap financial measures as defined in Regulation G under the Securities Exchange Act of We refer you to the reconciliations made available in our Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K (available on our website at jetblue.com and at sec.gov) and in our second quarter earnings call (furnished on July 24th, 2018), which reconcile the non-gaap financial measures included in the following presentation to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. 32

19 2Q 2018 EARNINGS UPDATE ROBIN HAYES CEO

20 WORKING TOWARDS SUPERIOR MARGINS IN CHANGING LANDSCAPE PRE-TAX MARGINS JBLU VS PEERS* KEY INITIATIVES 2Q 2018 FY 2017** TTM** Reducing 4Q capacity growth by 2 points 13.0% Factoring higher fuel prices in preliminary capacity planning for % 12.8% GROWTH Focus on strengthening relevance in primary Focus Cities 10.2% 10.5% 8.2% Making good progress in all four pillars of Structural Cost Program (Non- (Non- (Non- Support center organizational review GAAP) GAAP) GAAP) COSTS Completed A320 heavy maintenance RFP as we continue to safely STRUCTURAL STRUCTURAL maintain our aircraft in the most cost effective way (GAAP) Ancillary growth per customer impacted in 3Q by platform conversion; adjusting ancillary revenue initiatives in coming months -8.3% Replacing E190 fleet by 2025 to enhance earnings power and Peers Peers Peers COMMERCIAL returns and carry cost momentum into the next decade *Average of peer set (AAL, ALK, DAL, LUV, SAVE, UAL), consensus, guidance and reported results **Pre-Tax Margins for FY 2017 under new accounting standards for Revenue from Contracts with Customers (Topic 606), where available; includes $22.8m in one-time tax bonus and impact of Hurricanes in 2017 Superior Margins defined as the simple average of LUV, SAVE, ALK 44 Refer to GAAP vs non-gaap reconciliation in Appendix section

21 COMMERCIAL UPDATE & OUTLOOK MARTY ST. GEORGE EVP COMMERCIAL AND PLANNING

22 MANAGING CAPACITY TO SUPPORT MARGIN COMMITMENTS SCHEDULED ASM* YOY GROWTH Completion factor better than planned from operational improvements, lack of northeast runway construction and OTP initiatives NYC Flown guidance % Growing through up-gauging in constrained airports (JFK) % Flown Strengthening business franchise (Minneapolis started 2Q 2018) ASMs BOS Similar to NYC, leisure market up-gauging, including restyled A320s 6.5% 6.3%* 5.6% 5.7% RASM growth continues to outperform system 5.7% 4.5%* FLL Network growth continues via added frequencies and destinations Transcon franchise performing well, both Mint and non-mint markets Reducing Long Beach intra-west flying, redeploying into Transcon MINT / TCON / MINT routes starting this Fall Continues to show strength in VFR and inbound leisure markets; Q Q 2018E 2018E RASM growth above system average *Shaded bars denote schedules as per DIIO. Data for 4Q17 corresponds to schedule pre-hurricanes LATIN Refer to Appendix for hurricane impact Capacity adjustments in San Juan due to slowing RASM; Haiti Dotted boxes denote guidance Green dotted lines denote flown ASMs accounts for approximately 1% of seat miles in 3Q 66

23 UNIT REVENUE: STRONG FIRST HALF; TAKING ACTION IN 2H RASM YOY GROWTH 2Q RASM as expected, solid close-in demand continues Broad close-in strength in Florida and Latin markets 3.75 point headwind from calendar placement and comps 1Q/2Q 2018 RASM 6.1% impacted by Holiday Customer compensation lower than 2Q 2017 from operational placement and one-time tailwinds in Q investments; Even More and fees contributed to 2Q Q RASM slowing driven by ancillary 0 3% Close-in demand remains strong in peaks 2.2% 0.2 point tougher comp from 3Q 2017 hurricane RASM impact 1 point impact in 3Q from ancillary platform conversion Taking actions to address trends Reducing 4Q capacity growth by 2 points -1.2% Making additional ancillary changes over coming weeks 1Q Q H Q 2018E 77

24 FINANCIAL UPDATE & OUTLOOK STEVE PRIEST EVP CHIEF FINANCIAL OFFICER

25 2Q 2018 RESULTS IMPACTED BY HIGHER FUEL PRICES AND CALENDAR RASM CASM EX-FUEL* PRE TAX MARGIN* EARNINGS PER SHARE* (US$ cents) (US$ cents) (US$ cents) % % 8.11 (Non (Non GAAP) GAAP) 2Q Q Q Q Q Q Q Q Q Q 2018 (GAAP) (Adj) (GAAP) (Adj) *Refer to GAAP vs non-gaap reconciliation in Appendix section -8.3% (38) Revenue growth impacted by Benefit from higher Non-GAAP margin largely Non GAAP EPS impacted by higher calendar than planned completion factor impacted by 42% higher fuel fuel price and calendar; partially Positive ancillary revenues Positive impact of expenses prices and holiday calendar offset by lower tax rate and share trajectory in 2Q 2018 shifting from 2Q to 3Q 2018 placement repurchases GAAP margin impacted by GAAP EPS impacted by 99 impairment of E190 fleet E190 fleet impairment

26 UNIT COSTS: MANAGING HEADWINDS TO ACHIEVE COST GOALS CASM EX-FUEL YOY GROWTH* 2Q CASM ex-fuel better than 2 to 4% guidance 2 4% Strong focus on cost management; timing of expenses shifted to later in the year, equal to ~0.5 pts 3.1% 1 3% Better than planned completion factor and improved operation positively impacted cost performance by ~0.5 pts 1.9% 3Q and Full Year 2018 cost guidance 3Q 2018 range between 1% to 3%, driven by expected increases in Business Partner spend, ~1pt from expense timing from 1Q and 2Q, and capacity reductions Continue to expect full year 2018 CASM ex-fuel growth between (1%) and 1% driven by ongoing cost controls and progress in Structural Cost program (1) 1% Accelerated depreciation from E190 impairment adds approximately $350K per quarter 1Q Q Q 2018E 2018E Note: The estimates above do not include the potential outcome of a pilot deal 10 *Refer to GAAP vs non-gaap reconciliation in Appendix section

27 EXPECT CASM EX-FUEL INFLECTION DURING 2H 2018 CASMCASM EXEX--FUELFUEL YOY YOY GROWTH* GROWTH CASM ex-fuel growth negative by 2H 2018 (Year over 2 Year growth) (Year over Year growth) 1H growth of 2.5%, on lower end of 2-4% guidance despite low 1Q completion factor 2H expected to decline (3.5%)-(1.5%), including storm 7.0% *CASM ex-fuel 0 to 2% by 6.4% impact and one-time Crewmember bonus (2017) 2H 2018, ex-impact of hurricanes and tax reform % 2H 2018 CASM ex-fuel trends lower as Structural bonus Cost Program benefits ramp up 2 4% Tech Ops unit costs still expected to decline 2.5% Unit labor costs flat 0 2%* 2019 & 2020 to see further CASM ex-fuel benefits (3.5) (1.5)% Structural Cost Program savings ramping up Added seats from restyle program impacting 2019 / 2020 (0.5) - 1.5% *CASM ex-fuel including impact of hurricanes and tax reform bonus in FY 2017 Note: The estimates above do not include the potential outcome of a pilot deal Refer to GAAP vs non-gaap reconciliation in Appendix section 1Q Q Q 2018E 4Q 2018E 1H H

28 STRUCTURAL COST PROGRESS CONTINUES SAVINGS CATEGORY PROGRESS KEY MILESTONES OPPORTUNITY Signed contract for heavy maintenance of A320s; advancing RFP for v2500 engine maintenance Tech Ops Signed enhanced LLP engine coverage to drive savings outside of A220 fleet transaction Continued renegotiations with Business Partners to generate run rate savings Corporate Corporate organizational review to realign support center functions Airport real estate footprint optimization to lower support function costs Airports Continued progress on deploying self-service check-in kiosk, targeting 24 lobbies by year end Enhanced online functionality to channel shift Customers to self-serve Distribution Implemented multi-channel Customer service tool by partnering with Gladly TOTAL: $250 $300M 2020 SAVINGS ACHIEVED: $154M *Green shading is category cost savings status in progress or completed 12

29 ACCRETIVE FLEET GROWTH AND REINVESTMENT CONTINUES FLEET* CAPITAL EXPENDITURES Aircraft Non-Aircraft $150m - $200m ~$1.2b $850m - $1bn $35m - $50m $275m - $310m Q Q Q 2018E 2018E 3Q 2018E 2018E E E190 A320 A321 HD A321 Mint *Refer to aircraft delivery book in Appendix section Guidance as of 07/24/18 13

30 BALANCED APPROACH TO CAPITAL ALLOCATION SOURCES / USES OF CASH CAPITAL ALLOCATION FRAMEWORK (US$ millions) General Guidelines SOURCES USES Maintain investment grade financial metrics Debt Net share raise Repurchases Balanced approach to growth, reinvestment and capital 234 Debt return to shareholders repayments E190 transition among best and highest use of capital Cash from 1,375 operations CAPEX Support EPS growth via share repurchases 1,024 Priorities Beginning End cash and Investments in fleet to support organic growth and improve cash and equivalents equivalents returns (e.g., cabin restyling, E190 transition and lease buy-outs) TTM 2Q 2018 TTM 2Q 2018 Return-accretive non-aircraft CAPEX to support margin commitments and structural cost savings 1414

31 2018 GUIDE SUMMARY CAPACITY RASM CASM EX-FUEL* ALL-IN FUEL PRICE 3Q 2018 FY Q 2018 FY Q 2018 FY Q 2018 FY % % 0 3% N/A 1 3% (1) 1% $2.33 / gal N/A CAPEX AIRCRAFT CAPEX NON-AIRCRAFT OTHER INCOME / (EXPENSE) JBTP / JTV (EXPENSES) 3Q 2018 FY Q 2018 FY Q 2018 FY Q 2018 FY 2018 $ m $850m - 1bn $35 50m $ m ($16) (23)m ($65) (75)m ($9) (14)m ($35) (45)m *The estimates above do not include the potential outcome of a pilot deal Also excludes impact from E190 impairment 15

32

33 APPENDIX A: 2Q 2018 FINANCIAL RESULTS US$ millions 2Q Q 2017 Var % Total Operating Revenues 1,928 1, Aircraft fuel and related taxes Salaries, wages and benefits Landing fees and other rents Depreciation and amortization Aircraft rent (4.1) Sales and marketing Maintenance, materials and repairs Other operating expenses Special items n/a Operating Income (144) 347 (141.5) Other Income (Expense) (16) (22) (25.3) Income (loss) before taxes (160) 325 (149.3) Income tax expense (benefit) (40) 118 (134.1) NET INCOME (LOSS) (120) 207 (158.0) *Adjusted for impairment Pre-Tax Margin (8.3%) 17.7% (26.0) pts of long-lived assets. Earnings per Share (EPS) $(0.38) $0.62 Refer to GAAP vs non- Pre-Tax Margin* 8.2% 17.7% (9.5) pts GAAP reconciliation in Appendix section Earnings per Share (EPS)* $0.38 $

34 APPENDIX B: ANTICIPATED DELIVERY SCHEDULE PRIOR CURRENT AIRBUS ORDERS E190 A320 NEO A321 CEO/NEO Total A220 A321 CEO/NEO Total * 6* - 6* 6* Total Delivery schedule as of July 24, 2018 * 6 remaining A321 CEO deliveries in

35 APPENDIX C: HURRICANE IMPACT FROM Q Q ASM (2.7%) (2.9%) (1.4%) RASM +0.2 pts (0.7) pts (0.2) pts CASM ex-fuel +2.6 pts +2.4 pts +1.3 pts Pre-Tax Margin (1.5%) (2.2%) (0.9%) EPS Impact (6c) (9c) (15c) 19

36 APPENDIX D: E190 IMPAIRMENT AND TRANSITION COSTS TRANSITION COSTS (US$ million) ** Cash costs One-time costs $90-110* Ongoing (transition costs)1 $5-15 $15-25 $35-45 $ Total $ $15-25 $35-45 $ Non-cash costs ** E190 value adjustment $319 E190 accelerated depreciation $0.7 $1.4 $1.4 $5.6 Total $319.7 $1.4 $1.4 $5.6 1 Ramp-up costs (pilot training and equipment, transition expenses) * One-time costs ** Total amount for the period. Fleet transition adds accelerated depreciation and transition costs through mid-2020s. Headwind on CASM ex-fuel CAGR of approximately 25 basis points from incremental cash operating costs 20

37 APPENDIX E: RELEVANT JETBLUE MATERIALS DOCUMENT LOCATION Investor Presentations Earnings Releases Annual Reports SEC Filings Proxy Statements Investor Updates Traffic Reports ESG Reports* * Environmental, Social, and Governance Reports 21

10TH ANNUAL WOLFE RESEARCH GLOBAL TRANSPORTATION CONFERENCE MAY 23, 2017

10TH ANNUAL WOLFE RESEARCH GLOBAL TRANSPORTATION CONFERENCE MAY 23, 2017 1 10TH ANNUAL WOLFE RESEARCH GLOBAL TRANSPORTATION CONFERENCE MAY 23, 2017 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform

More information

Investor Update: October 25, 2016

Investor Update: October 25, 2016 Investor Update: October 25, 2016 This investor update provides JetBlue s investor guidance for the fourth quarter ending December 31, 2016 and full year 2016. Recent Announcements JetBlue has recently

More information

1Q 2017 EARNINGS PRESENTATION APRIL 25, 2017

1Q 2017 EARNINGS PRESENTATION APRIL 25, 2017 1 1Q 2017 EARNINGS PRESENTATION APRIL 25, 2017 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event

More information

4Q 2018 EARNINGS PRESENTATION JANUARY 24, 2019

4Q 2018 EARNINGS PRESENTATION JANUARY 24, 2019 1 4Q 2018 EARNINGS PRESENTATION JANUARY 24, 2019 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A

More information

JP Morgan Aviation, Transportation and Industrials Conference MARCH 15, 2017

JP Morgan Aviation, Transportation and Industrials Conference MARCH 15, 2017 JP Morgan Aviation, Transportation and Industrials Conference MARCH 15, 2017 1 1 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation

More information

3Q 2017 EARNINGS PRESENTATION OCTOBER 24, 2017

3Q 2017 EARNINGS PRESENTATION OCTOBER 24, 2017 1 3Q 2017 EARNINGS PRESENTATION OCTOBER 24, 2017 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A

More information

E190 REPLACEMENT & FLEET UPDATE JULY 11, 2018

E190 REPLACEMENT & FLEET UPDATE JULY 11, 2018 1 E190 REPLACEMENT & FLEET UPDATE JULY 11, 2018 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A

More information

UNITED STATES. SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT. PURSUANT TO SECTION 13 OR 15(d) OF THE

UNITED STATES. SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT. PURSUANT TO SECTION 13 OR 15(d) OF THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event

More information

CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014

CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014 CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014 1 1 SAFE HARBOR This presentation contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning

More information

Investor Update April 23, 2009

Investor Update April 23, 2009 JetBlue Airways Investor Relations (718) 709-2202 ir@jetblue.com Investor Update April 23, 2009 This investor update provides our investor guidance for the second quarter ending June 30, 2009 and full

More information

Spirit Airlines Reports First Quarter 2017 Results

Spirit Airlines Reports First Quarter 2017 Results Spirit Airlines Reports First Quarter 2017 Results MIRAMAR, Fla., April 28, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported first quarter 2017 financial results. GAAP net income for the first

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Investor Update July 22, 2008

Investor Update July 22, 2008 JetBlue Airways Investor Relations Lisa Studness (718) 709-2202 ir@jetblue.com Investor Update July 22, 2008 This investor update provides our investor guidance for the third quarter ending September 30,

More information

Investor Update October 23, 2008

Investor Update October 23, 2008 JetBlue Airways Investor Relations (718) 709-2202 ir@jetblue.com Investor Update October 23, 2008 This investor update provides our investor guidance for the fourth quarter ending December 31, 2008 and

More information

Investor Update April 22, 2008

Investor Update April 22, 2008 JetBlue Airways Investor Relations Lisa Studness (718) 709-2202 ir@jetblue.com Investor Update April 22, 2008 This investor update provides our investor guidance for the second quarter ending June 30,

More information

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results MIRAMAR, FL. (February 7, 2017) - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported fourth quarter and full year 2016 financial results.

More information

Investor Update Issue Date: April 9, 2018

Investor Update Issue Date: April 9, 2018 Investor Update Issue Date: April 9, 2018 This investor update provides guidance and certain forward-looking statements about United Continental Holdings, Inc. (the Company or UAL ). The information in

More information

Investor Update January 29, 2008

Investor Update January 29, 2008 JetBlue Airways Investor Relations Lisa Studness (718) 709-2202 ir@jetblue.com Investor Update January 29, 2008 This investor update provides our investor guidance for the first quarter ending March 31,

More information

Investor Relations Update January 25, 2018

Investor Relations Update January 25, 2018 General Overview Investor Relations Update Accounting Changes On January 1, 2018, the company adopted two new Accounting Standard Updates: (ASUs): ASU 2014-9: Revenue from Contracts with Customers (the

More information

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results.

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results. April 29, 2015 Spirit Airlines Announces First Quarter 2015 Results; Adjusted Net Income Increases 87.1 Percent to $70.7 Million and Pre-Tax Margin Increases 900 Basis Points to 22.7 Percent MIRAMAR, Fla.,

More information

Investor Update July 24, 2007

Investor Update July 24, 2007 Investor Update July 24, 2007 JetBlue Airways Investor Relations Lisa Studness Cindy England (718) 709-2202 ir@jetblue.com This investor update provides our investor guidance for the third quarter ending

More information

INVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015

INVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015 INVESTOR PRESENTATION Imperial Capital Global Opportunities Conference September 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Fourth Quarter 2017

More information

Investor Update October 23, 2007

Investor Update October 23, 2007 JetBlue Airways Investor Relations Lisa Studness Cindy England (718) 709-2202 ir@jetblue.com Investor Update October 23, 2007 This investor update provides our investor guidance for the fourth quarter

More information

Investor Update April 24, 2007

Investor Update April 24, 2007 Investor Update April 24, 2007 JetBlue Airways Investor Relations Lisa Studness Cindy England (203) 669-3191 ir@jetblue.com This investor update provides our investor guidance for the second quarter ending

More information

1Q 2017 Earnings Call. April 18, 2017

1Q 2017 Earnings Call. April 18, 2017 1Q 2017 Earnings Call April 18, 2017 Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain

More information

Spirit Airlines Reports Second Quarter 2018 Results

Spirit Airlines Reports Second Quarter 2018 Results Spirit Airlines Reports Second Quarter 2018 Results MIRAMAR, Fla., July 25, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported second quarter 2018 financial results. GAAP net income for the second

More information

Spirit Airlines Reports First Quarter 2018 Results

Spirit Airlines Reports First Quarter 2018 Results Spirit Airlines Reports First Quarter 2018 Results MIRAMAR, Fla., April 26, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2018 financial results. For the first quarter 2018, Spirit

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2015 Excluding special items, adjusted net income came in at $31.7 million, or EPS of $0.73 per share Panama City, Panama --- February

More information

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS Copa Holdings Reports Net Income of US$6.2 Million and EPS of US$0.14 for the Third Quarter of 2015 Excluding special items, adjusted net income came in at $37.4 million, or EPS of $0.85 per share Panama

More information

Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History

Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History July 24, 2013 Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History MIRAMAR, Fla., July 24, 2013 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported second

More information

1Q 2018 Earnings Call. April 18, 2018

1Q 2018 Earnings Call. April 18, 2018 1Q 2018 Earnings Call April 18, 2018 Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain

More information

Spirit Airlines Reports Third Quarter 2017 Results

Spirit Airlines Reports Third Quarter 2017 Results Spirit Airlines Reports Third Quarter 2017 Results MIRAMAR, Fla., October 26, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported third quarter 2017 financial results. GAAP net income for the third

More information

INVESTOR PRESENTATION. May 2015

INVESTOR PRESENTATION. May 2015 INVESTOR PRESENTATION May 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Net Income of $103.8 million and EPS of $2.45 for the Third Quarter of 2017 Excluding special items, adjusted net income came in at $100.8 million, or EPS of $2.38 per share Panama

More information

Investor Relations Update October 25, 2018

Investor Relations Update October 25, 2018 General Overview Investor Relations Update Revenue The company expects its fourth quarter total revenue per available seat mile (TRASM) to be up approximately 1.5 to 3.5 percent year-over-year. Fuel Based

More information

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent October 27, 2015 Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent MIRAMAR, Fla., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ:SAVE) today reported third quarter

More information

Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006

Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Panama City, Panama --- March 7, 2007. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa

More information

2Q 2017 Earnings Call. July 19, 2017

2Q 2017 Earnings Call. July 19, 2017 2Q 2017 Earnings Call July 19, 2017 Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain

More information

SkyWest, Inc. Announces First Quarter 2018 Profit

SkyWest, Inc. Announces First Quarter 2018 Profit NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces First Quarter 2018

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K UNITED CONTINENTAL HOLDINGS, INC. UNITED AIRLINES, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K UNITED CONTINENTAL HOLDINGS, INC. UNITED AIRLINES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$18.6 Million and EPS of US$0.42 for the Second Quarter of 2010 Excluding special items, adjusted net income came in at $26.3 million, or $0.60 per share Panama City,

More information

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million Air Canada Reports Record Second Quarter 2013 Results Highest Adjusted Net Income, Operating Income and EBITDAR Results for Second Quarter in Air Canada s History Adjusted net income of $115 million versus

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Financial Results for the First Quarter of 2016 Excluding special items, adjusted net income came in at US$69.9 million, or EPS of US$1.66 per share Panama City, Panama --- May 5,

More information

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Panama City, Panama --- February 21, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica, today announced

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,

More information

Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013

Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Panama City, Panama --- February 12, 2014. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2017

More information

Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018

Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Panama City, Panama --- Aug 8, 2018. Copa Holdings, S.A. (NYSE: CPA), today announced financial results

More information

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS Copa Holdings Reports Financial Results for the Third Quarter of 2016 Excluding special items, adjusted net income came in at $55.3 million, or adjusted EPS of $1.30 per share Panama City, Panama --- November

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$32.0 Million and EPS of US$0.72 for the Second Quarter of 2012 Excluding special items, adjusted net income came in at $58.6 million, or EPS of $1.32 per share Panama

More information

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4.

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4. Allegiant Travel Company Fourth Quarter and Full Year 2013 Financial Results January 29, 2014 1:00 PM PT 44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Net Income of US$113.1 Million and EPS of US$2.57 for the First Quarter of 2015 Excluding special items, adjusted net income came in at US$106.0 million, or EPS of US$2.41 per share

More information

J.P. Morgan Aviation, Transportation and Industrials Conference

J.P. Morgan Aviation, Transportation and Industrials Conference J.P. Morgan Aviation, Transportation and Industrials Conference March 3, 08 Scott Kirby President Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect

More information

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter MONTRÉAL, November 4, 2010 Air Canada today reported operating income

More information

AMR CORPORATION REPORTS THIRD QUARTER 2011 RESULTS. Net Loss of $162 Million; Operating Earnings of $39 Million

AMR CORPORATION REPORTS THIRD QUARTER 2011 RESULTS. Net Loss of $162 Million; Operating Earnings of $39 Million CONTACT: Sean Collins Corporate Communications Fort Worth, Texas 817-967-1577 mediarelations@aa.com FOR RELEASE: Wednesday, REPORTS THIRD QUARTER 2011 RESULTS Net Loss of $162 Million; Operating Earnings

More information

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 November 14, 2018 PANAMA CITY, Nov. 14, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced

More information

Management Presentation. November 2011

Management Presentation. November 2011 Management Presentation November 2011 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

Allegiant Travel Company Reports First Quarter 2009 Financial Results

Allegiant Travel Company Reports First Quarter 2009 Financial Results Allegiant Travel Company Reports First Quarter 2009 Financial Results --NET INCOME INCREASES 191%, OPERATING MARGIN EXCEEDS 31% LAS VEGAS, April 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2016

More information

Management Presentation. September 2011

Management Presentation. September 2011 Management Presentation September 2011 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

Management Presentation. March 2016

Management Presentation. March 2016 Management Presentation March 2016 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 May 9, 2018 PANAMA CITY, May 9, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial

More information

DELTA AIR LINES, INC. (Exact name of registrant as specified in its charter)

DELTA AIR LINES, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Management Presentation. May 2013

Management Presentation. May 2013 Management Presentation May 2013 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

Investor Update September 2017 PARTNER OF CHOICE EMPLOYER OF CHOICE INVESTMENT OF CHOICE

Investor Update September 2017 PARTNER OF CHOICE EMPLOYER OF CHOICE INVESTMENT OF CHOICE Investor Update September 2017 PARTNER OF CHOICE EMPLOYER OF CHOICE INVESTMENT OF CHOICE 1 Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements

More information

JETBLUE INVESTOR DAY NOVEMBER 19, 2014

JETBLUE INVESTOR DAY NOVEMBER 19, 2014 JETBLUE INVESTOR DAY NOVEMBER 19, 2014 1 1 SAFE HARBOR This presentation contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events.

More information

Bank of America Merrill Lynch2016Transportation Conference

Bank of America Merrill Lynch2016Transportation Conference Bank of America Merrill Lynch2016Transportation Conference United Continental Holdings, Inc. Doug Leo SVP Revenue Management, Pricing and Network Jonathan Ireland Managing Director Investor Relations May

More information

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS NEWS RELEASE For Further Information Contact: Investor Relations Telephone: (435) 634-3203 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: October 29, 2014 SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

More information

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Mexico City, Mexico, April 22, 2015 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving

More information

UNITED CONTINENTAL HOLDINGS, INC. UNITED AIRLINES, INC. (Exact name of registrant as specified in its charter)

UNITED CONTINENTAL HOLDINGS, INC. UNITED AIRLINES, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Management Presentation. November 2013

Management Presentation. November 2013 Management Presentation November 2013 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

AMERICAN AIRLINES GROUP REPORTS DECEMBER TRAFFIC RESULTS

AMERICAN AIRLINES GROUP REPORTS DECEMBER TRAFFIC RESULTS Corporate Communications 817-967-1577 mediarelations@aa.com Investor Relations 817-931-3423 investor.relations@aa.com FOR RELEASE: Monday, AMERICAN AIRLINES GROUP REPORTS DECEMBER TRAFFIC RESULTS FORT

More information

Washington,D.C FORM8-K. CURRENTREPORT PursuanttoSection13OR15(d)

Washington,D.C FORM8-K. CURRENTREPORT PursuanttoSection13OR15(d) UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13OR15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):January9,2018

More information

Washington,D.C FORM8-K. CURRENTREPORT PursuanttoSection13OR15(d)

Washington,D.C FORM8-K. CURRENTREPORT PursuanttoSection13OR15(d) UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13OR15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):April9,2018

More information

Delta Air Lines Reports June 2009 Quarter Financial Results

Delta Air Lines Reports June 2009 Quarter Financial Results CONTACT: Investor Relations 404-715-2170 Corporate Communications 404-715-2554 Delta Air Lines Reports June 2009 Quarter Financial Results ATLANTA, July 22, 2009 Delta Air Lines (NYSE:DAL) today reported

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event

More information

American Airlines Group Reports Second-Quarter Profit

American Airlines Group Reports Second-Quarter Profit NEWS RELEASE American Airlines Group Reports Second-Quarter Profit 7/28/2017 FORT WORTH, Texas American Airlines Group Inc. (NASDAQ:AAL) today reported its second-quarter 2017 results, including these

More information

Management Presentation. November 2018

Management Presentation. November 2018 Management Presentation November 2018 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K UNITED CONTINENTAL HOLDINGS, INC. UNITED AIRLINES, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K UNITED CONTINENTAL HOLDINGS, INC. UNITED AIRLINES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Management Presentation. August 2012

Management Presentation. August 2012 Management Presentation August 2012 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

AMERICAN AIRLINES GROUP REPORTS RECORD DECEMBER TRAFFIC RESULTS

AMERICAN AIRLINES GROUP REPORTS RECORD DECEMBER TRAFFIC RESULTS Corporate Communications 817-967-1577 mediarelations@aa.com Investor Relations 817-931-3423 investor.relations@aa.com FOR RELEASE: Tuesday, AMERICAN AIRLINES GROUP REPORTS RECORD DECEMBER TRAFFIC RESULTS

More information

Washington,D.C FORM8-K

Washington,D.C FORM8-K UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13OR15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):March8,2018

More information

Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008

Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008 Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008 Panama City, Panama --- February 19, 2009. Copa Holdings, S.A. (NYSE: CPA), parent

More information

Delta Air Lines Announces September Quarter Profit

Delta Air Lines Announces September Quarter Profit Page 1 FOR IMMEDIATE DISTRIBUTION CONTACT: Investor Relations 404-715-2170 Corporate Communications 404-715-2554, media@delta.com news archive at news.delta.com Delta Air Lines Announces September Quarter

More information

WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million

WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million FOR IMMEDIATE RELEASE WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million CALGARY, ALBERTA. November 4, 2009. WestJet (TSX:WJA) today

More information

Delta Air Lines Announces December Quarter Profit

Delta Air Lines Announces December Quarter Profit CONTACT: Investor Relations 404-715-2170 Corporate Communications 404-715-2554, media@delta.com Delta Air Lines Announces December Quarter Profit ATLANTA, Jan. 22, 2013 Delta Air Lines (NYSE:DAL) today

More information

AMERICAN AIRLINES GROUP INC. AMERICAN AIRLINES, INC. (Exact name of registrant as specified in its charter)

AMERICAN AIRLINES GROUP INC. AMERICAN AIRLINES, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Gerry Laderman SVP Finance, Procurement and Treasurer

Gerry Laderman SVP Finance, Procurement and Treasurer Gerry Laderman SVP Finance, Procurement and Treasurer Safe Harbor Statement Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect

More information

American Airlines Group Reports December Traffic

American Airlines Group Reports December Traffic NEWS RELEASE American Airlines Group Reports December Traffic 1/11/2017 FORT WORTH, Texas, Jan. 11, 2017 American Airlines Group (NASDAQ:AAL) today reported December and full year 2016 traffic results.

More information

Spirit Airlines Maxim Group Growth Conference March 26, 2012

Spirit Airlines Maxim Group Growth Conference March 26, 2012 Spirit Airlines Maxim Group Growth Conference March 26, 2012 Disclaimer This presentation includes forward-looking statements. We have based these forward-looking statements largely on our current expectations

More information

AMERICAN AIRLINES GROUP REPORTS RECORD FEBRUARY TRAFFIC AND CAPACITY

AMERICAN AIRLINES GROUP REPORTS RECORD FEBRUARY TRAFFIC AND CAPACITY Corporate Communications 817-967-1577 mediarelations@aa.com Investor Relations 817-931-3423 investor.relations@aa.com FOR RELEASE: Tuesday, AMERICAN AIRLINES GROUP REPORTS RECORD FEBRUARY TRAFFIC AND CAPACITY

More information

Air Canada reported an operating income of $63 million in the second quarter of 2012, a decline of $10 million from the second quarter of 2011.

Air Canada reported an operating income of $63 million in the second quarter of 2012, a decline of $10 million from the second quarter of 2011. Air Canada Reports Second Quarter 2012 Results Second Quarter 2012 EBITDAR of $314 million Cash and short-term investments of $2.383 billion at June 30, 2012 MONTRÉAL, August 8, 2012 Air Canada recorded

More information

Management Presentation. September 2015

Management Presentation. September 2015 Management Presentation September 2015 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08

Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08 Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08 Panama City, Panama --- November 13, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica,

More information

Air Canada Reports Third Quarter 2015 Results

Air Canada Reports Third Quarter 2015 Results Air Canada Reports Third Quarter 2015 Results EBITDAR margin expands by 7.0 percentage points to 26.7 per cent Operating income of $815 million, an improvement of $289 million or approximately 55 per cent

More information

AIR CANADA REPORTS FIRST QUARTER RESULTS

AIR CANADA REPORTS FIRST QUARTER RESULTS AIR CANADA REPORTS FIRST QUARTER RESULTS As a result of the deconsolidation of Jazz effective May 24, 2007, Air Canada s consolidated results for the first quarter of 2008 are not directly comparable to

More information

Bank of America Merrill Lynch Global Transportation Conference. June 16, 2010

Bank of America Merrill Lynch Global Transportation Conference. June 16, 2010 Bank of America Merrill Lynch Global Transportation Conference June 16, 2010 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any

More information