jetBlue Results Presentation Deck

TAKING ACTIONS TO PROTECT OUR STAKEHOLDERS ● 3Q 2020 BALANCE SHEET $3.1B of liquidity at 3Q close, equal to 38% of 2019 revenue Cash burn average $6.1 M/day (2) in 3Q, lower than expected range of $7-9M; expect $4-6M/day in 4Q Adjusted Debt to Cap ratio at 58% (1) (3) jetBlue 2020 3Q 2020 EARNINGS 3Q revenue down (76%) YoY; capacity down (58%) YoY; OpEx down (45%) YoY (GAAP), down (39%) (3) YoY (non-GAAP) GAAP loss per share of ($1.44); non-GAAP loss per share of ($1.75) (3) (1) As of September 30, 2020 (2) This cash burn includes SW&B paid with CARES Act PSP funds (3) Refer to reconciliations of non-GAAP financial measures in Appendix A ● ● ● ● ● ● 4Q 2020 PLANNING ASSUMPTIONS* 4Q capacity down ~(45%) Yo Y 4Q revenue down ~(65%) YoY 4Q operating expenses down ~(30%) YoY OTHER LIQUIDITY ACTIONS Refinanced $1B 364-day term loan with EETC transactions Raised over $300M with sale leaseback proceeds Drew down $114M of CARES Act Loan Program Reduced CAPEX for 2020-2022 by ~$2B *As of October 27, 2020; does not constitute guidance 4

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