jetBlue Mergers and Acquisitions Presentation Deck

jetBlue JetBlue offers you MORE... More value and more certainty for Spirit shareholders • More value NOW More value at CLOSING More competition for the Big Four airlines More of the great experience and low fares only JetBlue can offer customers nationwide - a prospect, coupled with the ease of ultra-low-cost carriers expanding and repositioning, that we are confident will result in regulatory approval ...and more opportunities for crewmembers and communities In contrast, Frontier offers significantly less value, no divestiture commitments and no reverse break-up fee despite its similar regulatory profile 3

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