jetBlue Results Presentation Deck

TAKING ACTIONS TO PROTECT OUR STAKEHOLDERS ● ● ● 2Q 2020 BALANCE SHEET $3.4B of liquidity at 2Q close, equal to 42% of 2019 revenue Cash burn at $7.7M/day (2) by end of 2Q, better than expectations; continue to expect $7-9M/day in 3Q Adjusted Debt to Cap ratio at 55% (1) (3) 2Q 2020 EARNINGS 2Q revenue down (90%) YoY; capacity down (85%) YoY; OpEx down (66%) YoY (GAAP), down (50%) (3) YoY (non-GAAP) jetBlue 2020 GAAP loss per share of ($1.18); non-GAAP loss per share of ($2.02) (3) *Current planning assumption as of July 28, 2020; does not constitute guidance ● ● 3Q 2020 PLANNING ASSUMPTIONS* Expect 3Q 2020 YoY revenue down ~(80%) ; recent trends denote high volatility; tracking broadly to L-shape forecast 3Q capacity down at least ~(45%) YoY OTHER LIQUIDITY ACTIONS Raised $750M through secured term loan and $118M through sale leaseback transactions; additional sale leaseback transactions under contract and review Evaluating CARES Act Loan Program of $1.14B (1) As of June 30, 2020 (2) Excluding CARES Act Payroll Support Program payment (3) Refer to reconciliations of non-GAAP financial measures in Appendix A 4

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