jetBlue Results Presentation Deck

REBUILDING OUR MARGINS THROUGH COST EXECUTION Actual GAAP -64% YOY OPERATING EXPENSES ||| -45% -55% -64% -71% Actual Non-GAAP (1) jetBlue 2020 -49% April May June 7% -4% 1Q Planned -50% -66% Current planning assumption* 2Q -35% 3Q* ● ● COST INITIATIVES Aggressive cost reductions and capacity actions in response to changes in demand Managing variable and fixed costs in the short term, with capacity actions to protect liquidity and generate cash Planning for margin recovery through cost restructuring efforts Permanently removing fixed costs, maximizing variable/fixed ratio *Current planning assumption as of July 28, 2020; does not constitute guidance (1) Operating expenses excluding special items; refer to reconciliations of non-GAAP financial measures in Appendix A 13

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