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  "documentTitle": "jetBlue | Results Presentation Deck | 29 slides",
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  "authorName": "JetBlue",
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  "presentationDate": "2021-07-01 00:00:00",
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  "notes": "This is a standard financial reconciliation table for a non-GAAP metric.",
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      "kind": "paragraph",
      "text": "Operating expenses per available seat mile, or CASM, is a common metric used in the airline industry. We exclude aircraft fuel and related taxes, operating expenses related to other non-airline businesses, such as JetBlue Technology Ventures and JetBlue Travel Products, and special items from operating expenses to determine CASM ex-fuel, which is a non-GAAP financial measure.",
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      "text": "In the second quarter of 2021, special items include contra-expenses recognized on the utilization of payroll support grants received under the Consolidated Appropriations Act, 2021, and contra-expenses recognized on the Employee Retention Credits provided by the CARES Act.",
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      "text": "Special items in the second quarter of 2019 include one-time transition costs related to the Embraer E190 fleet exit as well as one-time costs related to the implementation of our pilots' collective bargaining agreement.",
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      "text": "We believe that CASM ex-fuel is useful for investors because it 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, or not related to the generation of an available seat mile, such as operating expense related to certain non-airline businesses. We believe this non-GAAP measure is more indicative of our ability to manage airline costs and is more comparable to measures reported by other major airlines.",
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      "text": "Reconciliation table showing Total operating expenses, Aircraft fuel, Other non-airline expenses, Special items, and Operating expenses excluding fuel for 2021 and 2019.",
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      "text": "Operating expense per available seat mile, excluding fuel and related taxes, other non-airline operating expenses, and special items (\"CASM Ex-Fuel\")",
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