>> WELCOME BACK TO CHEDDAR
NEWS, EVERYONE JETBLUE LOOKING
AHEAD TO CLEAR SKIES WITH A NEW
PARTNERSHIP CENTERED ON
SUSTAINABLE AVIATION FUEL OR S
A F THE AIRLINE ANNOUNCING AN
INITIATIVE WITH WORLD ENERGY
AND WORLD FUEL SERVICES FOR S A
S AT LOS ANGELES INTERNATIONAL
AIRPORT AND JOINING ME NOW SARA
BOBBED IN HEAD
OF SUSTAINABILITY
AN ENVIRONMENTAL SOCIAL
GOVERNANCE OR ESG AT JETBLUE
HAS HERE IS SO GOOD TO HAVE YOU
ON THE SHOW WE TALK ABOUT
SUSTAINABILITY
ALIVE HERE AND I IT'S MY
UNDERSTANDING THAT YOUR COMPANY
IS AIMING TO BE NET 0 CARBON
EMISSIONS BY 2040. HOW IS THIS
GOING TO GET YOU TO THAT GOAL.
>> GREAT WELL, THANK YOU SO
MUCH FOR INVITING US TO SPEAK
SO TODAY WE ANNOUNCED THAT WE
EXPANDED USE OF SUSTAINABLE
AVIATION FUEL ACROSS OUR
OPERATION SO AS YOU
AS OF LAST WEEK WE HAVE BEEN
REGULARLY FLYING ON SUSTAINABLE
AVIATION FUEL AT LA X WITH OUR
NEW PARTNER WORLD ENERGY
FACILITATED BY OUR LONG-TERM
PARTNER WORLD FEEL SIR THIS IS
WHICH ALLOWS US TO REDUCE
EMISSIONS BY UP TO 80 PER CENT
PER GALLON OF SUSTAINABLE
AVIATION FUEL BEFORE IT LANDED
AND WE SEE THIS BEING A
CRITICAL LEVER AND DRIVING US
TOWARD ARE NET
0 TARGET.
>> NOW DOES THIS CHANGE YOUR
FLIGHT SCHEDULE YOUR FLIGHT
ROUTES AT ALL SARAH.
>> ABSOLUTELY NOT SO IF YOU ARE
LOOK AT
A GALA AND OF CONVENTIONAL JET
FUEL AND ONE OF SUSTAINABLE
AVIATION FUEL YOU COULDN'T TELL
THE DIFFERENCE.
IT IS CHEMICALLY IDENTICAL TO
CONVENTIONAL
JET FUEL. NO CHANGES IN SAFETY
OR PERFORMANCE, IT DROPS RIGHT
INTO EXISTING AIRCRAFT
AND INFRASTRUCTURE WHICH IS
REALLY IMPORTANT SO ABSOLUTELY
NO CHANGES
TO OUR FLIGHT SCHEDULE EXCEPT
THE REDUCTION
IN EMISSIONS.
>> NOW AT WHY L A X IN
PARTICULAR IS THERE REASON THAT
YOU'RE WORKING OUT OF THE
AIRPORT VERSUS ELSEWHERE.
LOS ANGELES IS ONE OF OUR FOCUS
CITIES AND SO WE ARE TARGETING
WEARER BIGGEST SOURCES
OF FUEL IS SO THAT IS
ABSOLUTELY ONE OF THE REASONS.
ANOTHER REASON IS IF YOU
ACTUALLY LOOK CROSS AIRPORTS
WERE SUSTAINABLE AVIATION FUEL
IS AVAILABLE TO YOU.
THE VAST MAJORITY OF IT IS IN
CALIFORNIA THAT'S ACTUALLY
DUE TO REALLY GOOD POLICY
INCENTIVES THAT EXIST AND SO
WE'RE EXCITED BY THE PROSPECT
OF EXPANDING TO
OTHER STATES AS MORE
POLICY PROGRAMS ARE.
>> WELL NOW I KNOW YOU
MENTIONED THE CHEMICAL MAKEUP
OF THE FUEL ISN'T ANY
DIFFERENT. IT'S THE
SAME THING BUT DOES THE PRICE
THAT YOU PAY FOR THAT FUEL
DIFFER.
>> IT DOES SO TODAY IT
DOES COME AT A PREMIUM, BUT AS
WE DRIVE TOWARD A NET 0 WE SEE
A FUTURE WHERE IT IS AT PRICE
PARITY WITH CONVENTIONAL JET
MEANING NO COST TO US AND
HAS MORE FUEL PROVIDERS
COME ONLINE DELIVERING
SUSTAINABLE AVIATION FUEL WE
THINK WE'LL CONTINUE TO BRING
THAT DOWN SO TODAY WE'RE ABOUT
2 TIMES THE PRICE
IN CALIFORNIA AND WE SET A
TARGET FOR 10% OF OUR FUEL USED
TO BE FROM SUSTAINABLE AVIATION
FUEL BY 2030
AND WE ARE VERY MUCH HOPING IT
WILL BE AT THE SAME PRICE OR
LESS
THAN CONVENTIONAL. WE'LL NOW DO
YOU ANTICIPATE DEMAND
WILL CHANGE AT ALL DO YOU FIND
THAT THAT CUSTOMERS WANT TO FLY
WITH YOU BECAUSE OF THIS
COMMITMENT.
WE HOPE WE BELIEVE THIS IS
WE'VE BEEN HEARING FROM OUR
CUSTOMERS WHETHER IT'S OUR
CORPORATE CUSTOMERS INDIVIDUAL
CUSTOMERS.
OUR SHAREHOLDERS. OUR OWN CREW
MEMBERS THAT THEY'RE CONCERNED
ABOUT CLIMATE CHANGE AND
UNFORTUNATELY AVIATION IS
RESPONSIBLE FOR A PIECE OF
THAT TODAY. SO WE ALL LOVE TO
TRAVEL WE NEED TO ADDRESS THIS
EMISSIONS PROBLEM AND WE THINK
THIS IS CRITICAL FOR PROTECTING
THE FUTURE
OF AVIATION. AFTER YOUR STOCK
PRICE. I'M SURE IT MIGHT
BENEFIT SOME DO ANTICIPATE BY
COMMITTING
TO THIS.
>> I THINK YOU'LL BE ABLE TO
HAVE YOUR STOCK
ADDED TO ANY ON INDEXES THAT
WOULD NATURALLY COME ALONG WITH
MORE STOCK BUYING.
THAT WOULD BE OUTSIDE OF MY
WHEELHOUSE BUT I SURE HOPE SO.
OKAY OTHER COMMITMENTS OUT YOUR
COMPANY IS MAKING IN ADDITION
TO THIS TO ACHIEVE THAT THAT'S
YOUR CARBON EMISSIONS BY 2040.
>> SUSTAINABLE AVIATION FUEL IS
JUST ONE PIECE OF IT AND WE
THINK ABOUT HOW WE'RE GOING TO
GET TO NET 0. IT INVOLVES
CHASING DOWN EVERY OPPORTUNITY
THAT WE HAVE SO ONE
OF THEM IS AROUND INTRODUCING
AND INVESTING IN NEW FUEL
EFFICIENT AIRCRAFT SO WE'VE
COMMITTED TO DO THAT BRINGING
IN A HOST OF BRAND NEW STATE OF
THE ART AIR KRAFT IN
ADDITION OPTIMIZING OUR
HOW WE FLY THAT HAS A
SIGNIFICANT IMPACT ON THE
EMISSIONS THE STAFF PIECE I
MENTIONED THE 10% A COMMITMENT
BY 2030
I'M SUPPORTING INDUSTRY
CHANGING TACK STUFF LIKE A
LECTURE AND HIDE IN
EVERY AVIATION WE ARE COMMITTED
TO SUPPORTING THOSE INDUSTRIES
AND THROUGH OUR SUBSIDIARY
JETBLUE
TECH VENTURES WE'VE ACTUALLY
INVESTED IN 2 OF SUCH COMPANIES
AND THE FINAL COMMITMENT IS
OFFSETTING ALL REMAINING
MISSIONS THAT HASN'T GONE AWAY
AS OF LAST JULY WE HAVE
ACHIEVED DOMESTIC CARBON
NEUTRALITY
BY OFFSETTING ALL OF OUR
REMAINING AN UNAVOIDABLE
EMISSIONS THROUGH HIGH QUALITY
HEARD SOME. NOW WHEN IT COMES
TO FLIGHT ROUTES.
I'M JUST.
>> CURIOUS. I KNOW YOU ARE THE
HEAD OF SUSTAINABILITY AND ESG
A JETBLUE BUT I THINK THERE'S
SO MANY
QUESTIONS THAT I TRAVELERS
POTENTIAL TRAVELERS HAVE
ESPECIALLY NOW AS THIS ECONOMY
STARTS TO
REOPEN MORE IS YOUR COMPANY
PLANNING TO ADD MORE ROUTE SEE
DO THEY SEE MORE DEMAND IN THE
PIPELINE.
>> AGAIN I WOULDN'T BE THE
TOTAL EXPERT ON THAT, BUT I
MEAN CONNECTED TO MY WORK WE
HAVE NOTICED THIS THEME OF
UNKNOWN LAST YEAR OUR CUSTOMERS
SEEKING OUT BIG BEAUTIFUL WIDE
OPEN NATURALS BASES AND SO
THROUGH THAT WE ARE OPENING UP
A SERVICE AND NEW ROUTES TO TO
PLACES LIKE NATIONAL PARKS,
BEAUTIFUL OCEAN DESTINATIONS
AND SO WE'RE SEEING THAT
THERE'S ACTUALLY DEMAND AND
WE'RE
OFFERING THAT. SERVICE TO OUR
CUSTOMERS ARE LOOKING
FOR IT.
>> GETTING OUTSIDE THERE'S
SOMETHING IT SEEMS AS
SUSTAINABLE AND ESG ABOUT THAT
AS WELL SARAH SO WHEN YOU MAP
OUT THE PLAN AHEAD.
WE SEE RECORD HIGH TEMPERATURES
DEATH VALLEY. I THINK
SURPASSING A 130 JUST OVER THE
WEEKEND ON SATURDAY WAS PRETTY
CLOSE TO THAT ON FRIDAY AS WELL
AND YOU KNOW CLEARLY CLIMATE
CHANGE IS HAPPENING AND I DON'T
THINK ANYONE CAN REALLY DENY
THAT THESE DAYS WHEN YOU LOOK
AT THESE WEATHER PATTERNS IN
THE EXTREME HEAT OR DROUGHTS
OR WILDFIRES THAT WE SEE ON A
DAILY BASIS. HOW DOES THAT
IMPACT WHAT YOU'RE DOING AT
JETBLUE DOES IT CAUSE FLIGHTS
TO BE REROUTED YOU KNOW KIND OF
WHAT THE DAILY INTAKE OF THIS
SORT OF CLIMATE CHANGE NEWS
THAT YOU'RE CONSUMING AND HOW
DOES IT IMPACT THE COMPANY.
>> YOU'RE ABSOLUTELY RIGHT
SEVERE WEATHER DISRUPTIONS IN
HACKED OR OPERATION CAN
POSSIBLY DO WAY FLIGHTS COST
MONEY TO THE BUSINESS
AND SO WE SEE THAT LINK AND
THAT'S THE REASON THAT WE ARE
ACTING SO AGGRESSIVELY FOR A
LONG TIME WE'VE TAKEN THEM
ENTRE ADMIT THAT
IT THEN SALT FOR IT AND SO WE
SEE THE DIRECT IMPACT ON OUR
OPERATION AND THE BEST WE THINK
WE CAN DO NOW IS DO EVERYTHING