JetBlue Airways Corporation

Good morning. My name is Travis. I would like to welcome everyone to the JetBlue Airways fourth quarter 2023 earnings conference call. As a reminder, today's call is being recorded. At this time, all participants are in a listen-only mode. I would now like to turn the call over to JetBlue's Director of Investor Relations, Kush Patel. Please go ahead, sir.

Thanks, Travis. Good morning, everyone, and thanks for joining us for our fourth quarter 2023 earnings call. This morning, we issued our earnings release and a presentation that we will reference during this call. All of those documents are available on our website at investor.jefflee.com and on the SEC's website at www.sec.gov. In New York to discuss our results are Robin Hayes, our Chief Executive Officer, Joanna Garrity, our President and Chief Operating Officer, and Ursula Hurley, our Chief Financial Officer. Also joining us for Q&A are Dave Clark, our Head of revenue and planning and andre sperry president of jetblue travel products during today's call we will make forward-looking statements within the meaning of the safe harbor provisions of the private securities litigation reform act of 1995. such forward-looking statements include without limitation statements regarding our first quarter and full year 2024 financial outlook and our future results of operations and financial position industry and market trends expectations with respect to headwinds our ability to achieve our operational and financial targets, our business strategy and plans for future operations, and the associated impacts on our business. All such forward-looking statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in these statements. Please refer to our most recent earnings release and our most recent 10-K and other filings for a more detailed discussion of the risks and uncertainties that could cause the actual results to differ materially from those contained in our forward-looking statements. The statements made during this call are made only as of the date of the call, and other than as may be required by law, we undertake no obligation to update this information. Investors should not place undue reliance on these forward-looking statements. Also, during the course of our call, we may discuss certain non-GAAP financial measures. For an explanation of these non-GAAP measures and our reconciliation to the corresponding gap measures, please refer to our earnings release, a copy of which is available on our website and on ICC.gov. Now I'd like to turn the call over to Robin Hayes, JetBlue's CEO.

Good morning, everyone, and thanks for joining us today. As always, I'd like to start with a huge thanks to our incredible crew members. Today that message takes on even greater importance for me because, as you know, in two weeks I'll be retiring as CEO, and this marks my last earnings call with JetBlue. So after 15 years of earnings calls, I want to extend one more public thank you to our crew members who are the reason our customers keep coming back to JetBlue. Their energy and dedication, their attention to delivering exceptional service to our customers, they truly are the source of our distinctive culture and brand. We would not be JetBlue without them. Let me also thank all of you, the analyst investors who have supported us and challenged us along the way. We very much appreciate the constructive engagement over the years. It's been a pleasure working with all of you, and I know you'll enjoy working more closely with Joanna. I'm also very excited for Joanna, who will be our next CEO effective February the 12th. No one on our team has worked alongside me, or as she would say, suffered longer than Joanna. She is an inspiring and energetic leader who has spearheaded many of our major strategic, operational, and commercial initiatives. Over the last six months, she has been leading our efforts to develop and implement a turbocharged organic plan to help get us back to sustained profitability and restore our historical earnings power. You'll be hearing more about that today and in the future. I'm very confident about the next phase of our evolution, which you'll hear more about and will deliver a sustainable, improved performance over time and create value for our shareholders, customers, and crew members. Before passing it over to Joanna, I want to briefly touch on the SPIRIT transaction. We strongly disagree with the court's ruling, and yesterday we filed a motion to expedite an appeal of the decision. Last week, we notified SPIRIT that certain conditions to close may not be satisfied prior to the outside date set out in the merger agreement. We are evaluating our options under the merger agreement, which remains in effect. Unless and until such time as the merger agreement is terminated, JetBlue will continue to fully abide by all of its obligations. We're not in the position to discuss the SPIRIT transaction any further at this point, and our focus today will be on our organic business. With that, for the last time, over to you, Joanna.