Category Archives: JetBlue Airways

JetBlue brings iPad Pro on board for pilots starting this summer

JetBlue Airways today announced it has begun introducing the new iPad Pro powered by Apple’s M1 chip to the airlineโ€™s pilots.

JetBlue was one of the first domestic airlines to use digital documentation in the cockpit, and continues to be a leader in the industry bringing innovative tools into operation. The new iPad Pro keeps JetBlue pilots on the cutting edge of technology and provides safety-critical functions for all JetBlue crew members. iPad has become an essential tool on board โ€“ from loading operational tracking apps, hosting system maintenance checks, checking real-time weather patterns to avoid turbulence, and accessing procedures and manuals.

JetBlue first received Federal Aviation Administration approval to give iPads to all pilots in 2013, which enabled more real-time capabilities in the cockpit. Since then, the airline continues to trust iPad to provide everything pilots need at the touch of their fingertips, even at 35,000 feet in the air.

iPad Pro is the right fit for the cockpit, with its thin, light design and large, bright Liquid Retina display. The new iPad Pro features the industry-leading M1 chip, which offers next-level performance when pilots are running more than a dozen apps throughout the duration of the flight. iPad Proโ€™s fast 5G capabilities delivers better performance and access to next-generation download and upload speeds.

โ€œNot only will the new iPad Pro with M1 take our pilots to the next level of advanced technology, but also future-proof JetBlue with top-of-the-line hardware for years to come,โ€ said Captain Chuck Cook, director communications, navigation, surveillance and technical programs.

In the coming months, JetBlue will provide iPad Pro to new incoming pilots, and will replace older models in use over time.

JetBlue expands use of sustainable aviation fuel as part of its strategy to achieve net-zero carbon emissions by 2040

JetBlue Airways has entered into a new relationship with World Energy and World Fuel Services for sustainable aviation fuel (SAF) at Los Angeles International Airport (LAX). JetBlueโ€™s LAX flights using SAF started this month. This increase in the airlineโ€™s usage of SAF includes 1.5 million gallons of blended SAF a year for at least three years, accounting for approximately five percent of JetBlueโ€™s LAX fuel.

Renewable fuel options will play a critical role in the aviation industryโ€™s transition to lower-carbon operations. This is the latest step for JetBlue as the airline works to achieve its ambitious and comprehensive environmental social governance (ESG) targets, including a goal of net-zero carbon emissions by 2040. Last year, JetBlue became the first majorย U.S.ย airline to achieve carbon neutrality on all domestic flying, today primarily through carbon offsets while the SAF industry continues to grow, and lower-carbon technologies to reduce direct emissions.

โ€œJetBlue is facing climate change head on and preparing our business for a new climate reality,โ€ said Sara Bogdan, director of sustainability and environmental social governance. โ€œSustainable aviation fuel is one of the most promising ways to rapidly reduce air travel emissions and help our industry move toward our net-zero goals. We are focused on growing our use of sustainable aviation fuel to replace conventional fossil-based jet fuel in our focus cities as it becomes available. It has not historically had the same policy support as other low carbon fuels and comes at a premium today. Weโ€™re excited by the prospect of additional policy support to help grow and scale sustainable aviation fuel, helping to usher in a lower-carbon future for aviation.โ€

This follows JetBlueโ€™s move to fuel flights fromย San Franciscoย International Airport (SFO) with SAF with another fuel provider. World Energy, a zero-now solutions provider for transport and the industryโ€™s first commercial-scale producer of SAF, is supplying JetBlue fuel at LAX from its facility inย Paramount, Calif.ย JetBlue is World Energyโ€™s secondย U.S.ย commercial airline partner to incorporate SAF into its regular operations. Made from inedible agricultural waste, World Energyโ€™s SAF is certified by the Roundtable on Sustainable Biomaterials to reduce emissions by up to 80 percent per gallon before being blended with petroleum jet fuel. Delivery of the fuel into LAX will be managed by World Fuel Services, JetBlueโ€™s fuel management company.

โ€œJetBlue is taking aggressive action utilizing tools available today to deliver on their net-zero carbon emissions goals,โ€ said Bryan Sherbacow, chief commercial officer, World Energy. โ€œExpanding commercial use of sustainable aviation fuel is critical in changing the industryโ€™s carbon outcomes. World Energy is excited to partner with JetBlue in fueling their success in transitioning to a zero-carbon aviation industry.โ€

โ€œWe are honored to support JetBlueโ€™s comprehensive sustainability strategy through our steady supply of sustainable aviation fuel,โ€ said Brad Hurwitz, senior vice president โ€“ supply and trading, World Fuel Services. โ€œSince 2014, World Fuel Services has delivered more than 22.1 million gallons of cleaner-burning, low-carbon sustainable aviation fuel. With World Energy, we continue to focus on increasing sustainable aviation fuel availability and supply chain efficiency for aviation.โ€

JetBlue views robust oversight of key ESG issues as good for business and for generating long-term value, and recognizes that customers expect clean, efficient, and affordable travel. Thatโ€™s why JetBlue is helping lead the path in sustainable aviation.

LAX is one of JetBlueโ€™s most successful and busiest markets, climbing to 40 flights per day to 23 markets this summer, allowing significant growth opportunities for the airlineโ€™s network. With support from Los Angeles World Airports (LAWA), JetBlue plans to embark on meaningful expansion at LAX over the next five years โ€“ both domestically and internationally into multiple markets with plans to reach about 70 flights per day by 2025.

โ€œLos Angeles World Airports (LAWA) is committed to achieving ambitious sustainability goals, including net-zero carbon emissions and 100% renewable energy for LAX facilities by 2045,โ€ said Justin Erbacci, chief executive officer, LAWA. โ€œWe are thrilled that JetBlue is supporting this bold agenda to help combat climate change through the use of sustainable aviation fuel.โ€

JetBlueโ€™s Decarbonization Strategy

Carbon neutrality on its domestic flights is just one way JetBlue is preparing for a changing climate and ensuring a more sustainable business for its crewmembers, customers, shareholders and communities. JetBlueโ€™s carbon reduction efforts focus on decreasing emissions through fuel-efficient operations and aircraft, growing usage of SAF, and supporting the next generation of low-emissions aircraft technologies.

Earlier this year the airline announced emission reduction targets, including efforts to:

Reduce direct emissions:

  • Decrease aircraft emissions 25 percent per available seat mile (ASM) by 2030 from 2015 levels, excluding offsets

Increase usage of sustainable energy:

  • Convert 10 percent of total jet fuel to be from blended sustainable aviation fuel (SAF) by 2030
  • Convert 40 percent of three main ground service equipment vehicle types to electric by 2025 and 50 percent by 2030

JetBlueโ€™s focus on climate leadershipย โ€“ JetBlueโ€™s environmental social governance (ESG) strategy focuses on issues that have the potential to impact its business and the industry in the long-term. Customers, crewmembers and community, as well as stakeholders, are key to JetBlue’s climate and sustainability strategy. Demand from these groups for responsible service is one of the motivations to further reduce the airlineโ€™s environmental impact. Shareholders, including many crewmembers, have demanded that JetBlueโ€™s ESG strategy benefit stakeholders and the airlineโ€™s financial position. Tying ESG to its treasury function, including cash investments and a sustainability-linked loan with some terms dependent on the airlineโ€™s ESG scores, further demonstrates JetBlueโ€™s commitment to combat climate change.

Photos: JetBlue.

JetBlue arrives in Boise, Idaho

"Blue Better Believe It"

JetBlue Airways on July 2 announced it has officially launched service at Boise Airport (BOI) in Idaho, with the airlineโ€™s first flight departing New Yorkโ€™s John F. Kennedy International Airport (JFK) just after 4 oโ€™clock. New summer seasonal service operates four times weekly now through Labor Day with plans to resume flying in summer 2022.

Boiseย becomes JetBlueโ€™s first destination inย Idahoย and the 31stย state served by the airline.ย Boiseย is a rare blend of urban and outdoors, active and relaxing, family-friendly and welcoming. It has unique sites and attractions, diverse cultural offerings and unlimited recreation, including close access to some of the countryโ€™s most sought after white water rafting and skiing destinations. At the foot of the scenic Boise Front,ย Boiseย boasts several Fortune 500 companies with national and international headquarters or divisions, sprawling high-tech campuses and a major university with a distinctive blue football field. This city, with a river running through it, enjoys its easily accessible outdoors as much as its eclectic urban offerings.

JetBlue is now the only airline operating nonstop service betweenย Boiseย and the Northeast. The route toย New York Cityย is the longest-range route operated from Boise Airport, which is a department of theย City of Boise. Operations in its current location began in 1938 and a terminal expansion was completed in 2003. Today, the airport has two concourses, comprised of 23 gates, and hosts multiple restaurants and retail shops. This summer, an average of 83 daily flights depart the airport and in 2019, a record high of more than 4.1 million travelers passed through the airport.

JetBlue operates Boise flights using its Airbus A320 aircraft.

Top Copyright Photo: JetBlue Airways Airbus A320-232 N640JB (msn 2832) (Spotlight) LAX (Michael B. Ing). Image: 954309.

JetBlue aircraft slide show:

JetBlue begins service to Kalispell, Montana

"Devil with a Blue Dress On"

JetBlue Airways completed its first flight Thursday, July 1, to Glacier Park International Airport (FCA), located in Kalispell, Montana.

Kalispell, situated in the Flathead Valley, serves as a gateway to the world-renowned Glacier National Park and is surrounded by endless outdoor activities facilitated by the beautiful Rocky Mountains, numerous lakes, hiking and biking trails, and the rest of wide open Big Sky country. As New Yorkโ€™s Hometown Airline, JetBlue will operate flights between Glacier Park International and New Yorkโ€™s John F. Kennedy International Airport (JFK) three times weekly with seasonal service through September 7.

Schedule betweenย New Yorkย (JFK) andย Kalispell/Glacier Park International Airport (FCA)
3x Weekly

JFK – FCA Flight #2345
(Tues., Thurs., Sun.)

FCA – JFK Flight #2346
(Tues., Thurs., Sun.)

6:55 p.m. โ€“ 10:22 p.m.

11:19 p.m. โ€“ 5:58 a.m. (+1)

The addition of JetBlueโ€™s service toย Kalispellย will complement existingย Montanaย service at Bozeman Yellowstone International Airport (BZN).

JetBlue operates the new Kalispell service using its Airbus A320 aircraft.

Top Copyright Photo: JetBlue Airways Airbus A320-232 N570JB (msn 2099) (Highrise) FLL (Bruce Drum). Image: 104926.

JetBlue aircraft slide show:

 

JetBlue launches flights to Los Cabos

JetBlue Airways today announced it has officially launched service at San Josรฉ del Caboโ€™s Los Cabos International Airport (SJD). The first roundtrip flights between the popular Mexican destination and Los Angeles International Airport (LAX) landed last night, and the first flight roundtrip flights between New Yorkโ€™s John F. Kennedy International Airport (JFK) and Los Cabos landed back in the northeast this morning. JetBlueโ€™s Los Cabos service from the East and West Coasts operates daily.

Located at the southern tip of Mexicoโ€™sย Baja California Peninsulaย where the Pacific meets the Sea of Cortez,ย Los Cabosย is composed by two cities,ย Cabo San Lucasย andย San Joseย del Cabo โ€“ both major tourist destinations and among the most popular inย Mexico.ย San Joseย del Cabo welcomes visitors with its laid-back vibe, thriving arts scene and boutique shops, whileย Cabo San Lucasย features a more bustling pace with a large number of restaurants and bars.ย Los Cabosย is home to award-winning resorts and culinary offerings considered some of the finest available anywhere. A growing list of championship golf courses, rejuvenating spas, world-renowned sport fishing tournaments and a variety of activities including scuba diving, snorkeling, kayaking, horseback riding and many more to be discovered.

JetBlue will operates Los Cabos routes using its Airbus A320 aircraft.

JetBlueโ€™s first Airbus A321neo with reimagined Mintยฎ for domestic flying enters scheduled service

JetBlue today announced its first Airbus A321neo (new engine option) with Mint has officially entered scheduled service with the first revenue flight from New Yorkโ€™s John F. Kennedy International Airport (JFK) to Los Angeles International Airport (LAX), departing shortly after 10:30 a.m. this morning. The aircraft is scheduled to operate select flights between New York-JFK and LAX for the next several weeks.

JetBlueโ€™s A321neo with Mint is the first to feature the airlineโ€™s reimagined Mint premium experience, with 16 fully lie-flat, private suites with a sliding door for every Mint customer, including two new, ultra-spacious Mint Studiosโ„ข, a custom-designed seat cushion by Tuft & Needleยฎ, and countless design touches that help every customer feel at home in the air. The aircraft will also include 144 core seats with the most legroom in coach (a) and an unparalleled inflight entertainment and connectivity experience on-board.

Travelers can spot the A321neo with Mint by its unique โ€œRibbonsโ€ tailfin. The design features three blues from the airlineโ€™s brand palette and is the first tailfin inspired by so-called โ€œOp Artโ€ โ€“ as in optical art โ€“ using simple shapes to create the illusion of three dimensions and movement. The aircraft โ€“ tail N2105J named โ€œNEO Mintalityโ€ โ€“ is JetBlueโ€™s 16thย A321neo and the first of this aircraft type to feature Mint.

JetBlue Mint, Reimagined

JetBlueโ€™s first major design overhaul of Mint โ€“ designed in partnership with Acumen Design Associates โ€“ will set a new standard for transcontinental flying.

  • We made every Mint seat a suite:ย JetBlueโ€™s reimagined Mint will offer more privacy with 14 fully lie-flat, aisle-access suites. Every inch of space anticipates customer needs, with features including a tilting 17-inch Thales AVANT seatback screen, wireless charging capabilities, an integrated phone ledge for multitasking, and easy-to-reach in-seat power, as well as laptop, shoe and handbag stowage. JetBlue is the first carrier to outfit its aircraft with Thompson Aero Seatingโ€™s VantageSOLO seat, the companyโ€™s revolutionary single aisle seating solution with a herringbone configuration developed and designed specifically for narrow-body aircraft and further customized for JetBlue.
  • Mint Studio is the pinnacle of space and privacy:ย The all-new Mint Studio โ€“ conceptualized by Acumen and developed in partnership with AIM Altitude โ€“ is JetBlueโ€™s latest game-changing innovation, offering the most space in a premium experience from anyย U.S.ย airline (b). Each aircraft will have two Mint Studios in the first row, providing ample room for working or relaxing, and featuring a 22-inch tilting Thales AVANT seatback screen, an extra side table for added productivity, and a guest seat that can accommodate an additional Mint customer during flight at cruising altitude. When reclined, customers can kick back and relax on the largest lie-flat bed of anyย U.S.ย carrier (c).
  • Our proprietary seat design is truly a bed in the sky:ย JetBlue tappedย Tuft & Needleย โ€“ the innovative mattress company that pioneered the bed-in-a-box trend โ€“ to shape the entire Mint sleep experience onboard. Engineered for comfort, every Mint seat is layered with Tuft & Needleโ€™s proprietary T&N Adaptiveยฎ foam and a breathable cover to create a cool and comfortable sleep experience unlike anything in the sky. The seat complements additional sleep amenities developed in partnership with the brand, including a convertible blanket with a built-in foot pocket, a memory foam lined pillow with a pillowcase, and a snooze kit with a matching eye mask and earplugs.

Looking ahead, JetBlue will introduce a 24-seat layout on itsย Airbus A321 Long Range (LR) aircraftย which will operate flights between New York-JFK and bothย London Heathrow and London Gatwick airportsย beginning later this summer.

Core and So Much More

JetBlueโ€™s core experience on the A321neo โ€“ with the most legroom in coach โ€“ features the Collins Meridian seat, which was customized around customer feedback and features a number of design elements with comfort and convenience in mind.

  • 144 seats with a width of 18.4 inches, the widest available for the A321neo aircraft.
  • Seven rows of Even More Spaceยฎ seating, all located in the forward area of the core experience, based on customer feedback.
  • 10.1 inch, 1080P high definition screen at every seat.
  • Easy-to-reach in-seat power, featuring AC and USB ports.
  • Enhanced cushion comfort and adjustable headrests.
  • Contoured seatback design at knee level creating additional living space.
  • Custom designed seatback storage.

Staying Connected at 35,000 Feet

JetBlue will build on its reputation as an industry leader in inflight entertainment options with Thales AVANT and ViaSat-2 connectivity. With this system, JetBlue will offer every customer aboard the A321neo with expanded and personalized entertainment choices in nearly every region the airline flies (d). With JetBlue, all customers have the ability to connect an unlimited number of devices and stream, surf, or chat during the entire flight, from gate to gate.

  • 100+ channels of DIRECTVยฎ, hundreds of movies, full seasons of binge-worthy TV shows, and custom seatback games.
  • Picture-in-picture function.
  • Enhanced, 3D flight map offering multiple ways to track time to destination.
  • Personal handheld device pairing capabilities for use as a remote or gaming controller.
  • Expanded Fly-Fiยฎ connectivity, providing coverage to nearly the entire JetBlue network.

Bold Design Elements

JetBlue is also maximizing the A321neoโ€™s ultra-modern design to create an elevated customer experience throughout the interior. Every aspect of the aircraft has been meticulously customized to create a perfect environment to deliver JetBlueโ€™s award-winning service.

  • Refreshed onboard Pantryโ„ข with a mini-fridge and drawers full of complimentary snacks.
  • Spacious overhead bins for additional carry-on bag capacity.
  • Custom LED mood lighting designed to provide a more soothing inflight experience with lighting scenarios that change with time of day or phase of flight.
  • Four full-size lavatories featuring subway tile patterns โ€“ a nod to JetBlue being New Yorkโ€™s Hometown Airlineยฎ.
  • Custom-designed front and rear wall panel featuring unique and modern patterns.

Impressive Aircraft Economics

The A321neo with Mint helps ensure JetBlue delivers on its cost-savings and sustainability commitments in the coming years. Thanks to the Airbus new engine option, the aircraft features a 20 percent increase in fuel efficiency compared to the previous generation of the aircraft. It also boasts an increased range of up to 500 nautical miles. JetBlueโ€™s existing fleet of all-core A321neoโ€™s has allowed the airline to enter new and longer nonstop markets not previously possible with other aircraft types.

Optimizing fuel burn is an important first step in JetBlueโ€™s cost-conscious sustainability strategy, and prioritizing fuel-efficient aircraft and engines aligns with JetBlueโ€™s approach to reducing emissions. In 2020, JetBlue became the first majorย U.S.ย airline toย achieve carbon neutralityย for all domestic flights, and later announced its commitment to net-zero carbon emissions by 2040.

JetBlue continues to navigate the new travel environment with a steady hand and a long-term view on recovery. The investment in the A321neo with Mint allows the airline to continue to execute its low cost business model, and enables JetBlue to continue to offer low fares to more customers.

Americanโ€™s AAdvantageยฎ members and JetBlueโ€™s TrueBlue members can earn miles or points, traveling on either carrier

American Airlines has made this announcement:

American Airlines Group Inc. and JetBlue continue to roll out benefits for customers to create a seamless, easy customer experience โ€” this time, in the form of mileage accrual. Starting on May 26, Americanโ€™s AAdvantageยฎ members and JetBlueโ€™s TrueBlue members can earn miles or points, traveling on either carrier. AAdvantage is now the only loyalty program that allows elite status earning opportunities when flying across three U.S. carriers โ€” American, Alaska Airlines and JetBlue.

AAdvantage members were already able to earn miles on codeshare flights with JetBlue. However, today, they can also earn miles when traveling on any JetBlue marketed and operated flight in the Americas. When booking flights onย aa.comย orย jetblue.com, customers can choose where to accrue their points. And for ease of doing business, members will earn miles the same way they do today on American, based on ticket price*.

Members from both programs will also be able toย earn elite qualifying currencyย on these trips. There are more than 1,000 ways toย earn milesย with Americanโ€™s partners โ€” from car rentals and hotel stays to dining out and using credit cards.

AAdvantage member Miles per dollar spent
AAdvantage 5 miles/dollar spent
AAdvantage Gold 7 miles/dollar spent
AAdvantage Platinum 8 miles/dollar spent
AAdvantage Platinum Pro 9 miles/dollar spent
AAdvantage Executive Platinum 11 miles/dollar spent

*Based on ticket price (includes base fare plus carrier-imposed fees; excludes government-imposed taxes and fees).

Since theย announcementย of the Northeast Alliance last year, customers have already benefited from better options as American and JetBlue introduced 57 new routes from the northeast, as well as more than 100 codeshare flights. The carriers have worked on enhanced schedules in several northeast markets, so customers can choose to fly when itโ€™s most convenient. The alliance has also elevated the premium experience when traveling between the northeast โ€” New York and Boston โ€” and Los Angeles and San Francisco with lie-flat seats readily available.

JetBlue announces JFK – LHR service to start on August 11

"Blue With A View"

JetBlue Airways today announced it will make its highly anticipated entrance into the transatlantic market with nonstop service between New Yorkโ€™s John F. Kennedy international Airport (JFK) and London Heathrow Airport (LHR) starting August 11, 2021. New Yorkโ€™s Hometown Airlineยฎ will further enhance its U.S. and U.K. schedules with nonstop service between New York-JFK and London Gatwick Airport (LGW) starting September 29, 2021. London service from Boston, where JetBlue is the leading airline, will start in Summer 2022.

Flights on both routes will operate daily on JetBlueโ€™s new Airbus A321 Long Range (LR) aircraft with 24 redesigned Mint suites, 117 core seats and the sleek and spacious Airspace cabin interior (below).

JetBlue is set to take delivery of three A321LRs in 2021, all operating on the JFK routes. Additional A321LRs scheduled for 2022 will operateย Bostonย service. The A321LR platform โ€“ offering the range of a wide-body but with the economics of a single-aisle aircraft โ€“ will allow JetBlue to effectively compete with the airlineโ€™s award-winning service and low fares on flights between theย U.S.ย andย London.

Seats on bothย Heathrowย andย Gatwickย routes are on sale starting today with low fares forย U.S.-based travelers starting atย $599ย roundtrip for the airlineโ€™s award-winning core experience and starting atย $1,979ย roundtrip for JetBlueโ€™s premium Mint experience.ย U.K.-based travelers can enjoy special introductory roundtrip fares starting at ยฃ329for core and ยฃ999 for Mint.

Schedule betweenย New Yorkย (JFK) and London Heathrow (LHR)
Daily Beginning August 11, 2021

JFK – LHR Flight #007

LHR – JFK Flight #20

10:10 p.m. โ€“ 10:10 a.m. (+1)

6:10 p.m. โ€“ 9:43 p.m.

Schedule betweenย New Yorkย (JFK) and London Gatwick (LGW)
Daily Beginning September 29, 2021

JFK – LGW Flight #43

LGW – JFK Flight #44

7:50 p.m. โ€“ 7:55 a.m. (+1)

12:00 p.m. โ€“ 3:33 p.m.

Top Copyright Photo: JetBlue Airways Airbus A321-271NX WL N2029J (msn 9054) JFK (Fred Freketic). Image: 949317.

JetBlue aircraft slide show:

JetBlue takes delivery of first Airbus A321LR enabling the carrier to launch transatlantic flights

JetBlue Airways today announced it has taken delivery of the airlineโ€™s first Airbus A321 Long Range (LR) aircraft, with tail registration of N4022J, arriving at JetBlueโ€™s home at John F. Kennedy International Airport (JFK) Terminal 5 this afternoon.

This A321LR was assembled at the Airbus production facility in Hamburg, Germany and will enable JetBlue to launch its first-ever transatlantic service between the U.S. and London this summer.

Video:

The A321LR allows JetBlue to tap into new long-haul markets, like London, that were not previously accessible with the airlineโ€™s existing fleet. The LRโ€™s range of up to 4,000 nautical miles is made possible by three additional center fuel tanks and the aircraft delivers 30 percent fuel savings and nearly 50 percent reduction in noise footprint compared to previous generations of aircraft. JetBlue converted 13 aircraft in its existing A321 order book to the LR version in April 2019 with the ability to convert more. Additionally, JetBlue has converted another 13 aircraft in its existing order book to the Extra-Long Range โ€“ or XLR โ€“ version of the A321.

JetBlue is also the global launch partner for the new Airspace by Airbus cabin, bringing long-haul style to the A321 for the first time ever. Airspace brings a series of enhancements, many customized for JetBlue, including:

  • Stunning backlit ceiling panels through the entire cabin, which glow with a unique-to-JetBlue pattern.
  • Custom LED mood lighting that changes throughout different phases of flight to reduce jetlag technologies.
  • The largest overhead bins on a single-aisle aircraft.
  • New ergonomic sidewalls creating extra personal space at shoulder level.
  • A re-designed welcome area at the front boarding door.
  • Refreshed onboard restrooms with antimicrobial surfaces.

The modern elements of Airspace, combined with the customizations by JetBlue, offer customers a boutique-style setting for the airlineโ€™s highly anticipated transatlantic service.

JetBlueโ€™s A321LR is powered by two Pratt & Whitney GTF engines. The GTF engine, with its revolutionary geared fan technology, is transforming aviation by delivering game-changing economic and environmental performance. The Pratt & Whitney GTF engine also incorporates advances in aerodynamics, lightweight materials and other major technology improvements.

Additional details about specific London routes, schedules and out-for-sale dates will be announced soon.

 

JetBlue reports a GAAP pre-tax loss ofย $347 millionย in the first quarter

Airline Color Scheme - Introduced 2019 (Spotlight)

JetBlue Airways Corporation today reported its results for the first quarter 2021:

  • Reported GAAP loss per share of ($0.78) in the first quarter of 2021 compared to a diluted earnings per share ofย $0.14ย in the first quarter of 2019. Adjusted loss per share was ($1.48)(1)ย in the first quarter of 2021 versus adjusted diluted earnings per share ofย $0.16(1)ย in the first quarter of 2019. Note A to this earnings release includes the GAAP to Non-GAAP reconciliation between reported and adjusted diluted earnings per share.
  • GAAP pre-tax loss ofย ($347) millionย in the first quarter of 2021, compared to a pre-tax income ofย $58 millionย in the first quarter of 2019. Excluding one-time items, adjusted pre-tax loss ofย ($636) million(1)ย in the first quarter of 2021 versus adjusted pre-tax income ofย $70 million(1)ย in the first quarter of 2019.

Operational Highlights from the First Quarter

  • First quarter 2021 revenue declined 61% year over two as a result of the impact of COVID-19. The decline is on the lower end of our prior expectations for the quarter of a 61 to 64% decline year over two, and represents a six-point sequential improvement quarter over quarter, mainly driven by sustained momentum in booking trends for leisure travel beginning in mid-February.
  • Reduced first quarter 2021 capacity by 41% year over two, in line with our original planning assumption, as a result of actions taken to capture improving demand, manage cash burn and protect liquidity.
  • Operating expenses declined 43% year over two. Excluding special items, adjusted operating expenses declined 26%(1)ย year over two, which is better than our planning assumption of a decrease of 25% year over two, despite higher fuel prices. The results were driven by capacity reductions and initiatives taken to reduce variable and fixed costs.
  • Resulting primarily from the actions taken, JetBlueโ€™s Adjusted Earnings Before Interest, Taxes, Depreciation, Amortization and Special Items (Adjusted EBITDA) in the first quarter of 2021 wasย ($458) million(1), better than the ($490) toย ($540) millionย range previously expected.

Balance Sheet and Liquidity

  • JetBlue ended the first quarter of 2021 with approximatelyย $3.2 billionย in unrestricted cash, cash equivalents, and short-term investments, or 40% of 2019 revenue.
  • JetBlue repaidย $94 millionย in regularly scheduled debt and finance lease obligations and repaid the fully drawnย $550 millionย revolving credit facility during the first quarter of 2021.
  • JetBlue has taken the following measures in the first quarter to manage liquidity:
    • Raised approximatelyย $750 millionย with a convertible debt offering transaction.
    • Continued to achieve significant savings through aggressive capacity management and executing actions to manage our fixed and variable cost structure.
    • Redeployed assets to capture short-term, tactical cash generation opportunities and make long term network investments in our focus cities.

Fuel Expense and Hedging

The realized fuel price in the first quarter 2021 wasย $1.72ย per gallon, a 16% decline versus first quarter 2019 realized fuel price ofย $2.05.

As of April 27 2021, JetBlue has not entered into forward fuel derivative contracts to hedge its fuel consumption for the second quarter of 2021. Based on the forward curve as of April 16th, JetBlue expects an average all-in price per gallon of fuel ofย $1.87ย in the second quarter of 2021.

Our Recovery Plan and Actions Taken to Position JetBlue for Future Success

โ€œAlthough our EPS remains in negative territory, we have seen meaningful progress in the demand recovery, and have started to gain momentum from the groundwork we have laid to emerge from the crisis as a stronger JetBlue,โ€ said Robin Hayes, JetBlueโ€™s Chief Executive Officer.

โ€œLooking back to our work from 2020, I could not be more confident in our future. Our teams continue executing our comprehensive recovery plan, reducing our cash burn, rebuilding our margins, and repairing our balance sheet. We have seen positive cash from operations for March, and this milestone is our first step towards achieving positive EBITDA and returning to profitability.โ€

Action Plan, Revenue and Capacity

โ€œWhile we initially anticipated trends improving during the quarter, we saw a bigger than expected step up in demand for leisure travel beginning in mid-February,โ€ said Joanna Geraghty, JetBlueโ€™s President and Chief Operating Officer.

โ€œFor the second quarter of 2021, our planning assumption for revenue is a decline of between (30%) and (35%) year over two, the largest sequential improvement in our revenue since the start of the pandemic. We expect unit revenue to significantly improve, driven by both increasing load factors and improving yields.

โ€œDuring the pandemic we have been focused on balancing supply and demand, managing our capacity to maximize revenue and rebuild our margins. For the second quarter of 2021, our planning assumption is for capacity to decline approximately (15%) year over two, given the strong sequential improvement in demand.โ€

Financial Performance and Outlook

โ€œIn March we reached breakeven cash from operations and our first quarter Adjusted EBITDA(1)ย was ahead of the range we anticipated, a result of improving revenue trends and continuing to successfully manage our cost structure, despite increasing fuel prices,โ€ said Steve Priest, JetBlueโ€™s Chief Financial Officer.

โ€œFor the second quarter, we estimate EBITDA will range between ($100) andย ($200) million(2), reflecting an acceleration of demand, partly offset by cost pressures from fuel prices, and airport rents and landing fees. On an EBITDA basis, we believe we will reach breakeven in the third quarter, and expect to remain in positive territory through the end of the year.

โ€œSince the start of the pandemic, we have gone deep on our cost structure with a focus on our fixed cost base, adding to the continued momentum from our Structural Cost Program. We expect to achieve better than 2019 CASM ex-fuel in 2022, providing a path to expand our EBITDA and ultimately, our pre-tax margins.

โ€œGoing forward, as we produce positive cash from operations, we plan to prioritize paying down high cost debt. We also intend to continue to take a strategic and measured approach to return to investment grade metrics and a debt to cap ratio between 30% and 40%.โ€

Top Copyright Photo: JetBlue Airways Airbus A320-232 N794JB (msn 4904) (Spotlight) JFK (Fred Freketic). Image: 949849.

JetBlue aircraft slide show: