jetBlue Results Presentation Deck

MANAGING BALANCE SHEET TO PRESERVE LIQUIDITY jetBlue ● ● Adjusted Debt to Cap (¹) 34% 44% 2020 LEVERAGE Dec 31 2019 Mar 31 2020 Adjusted Debt to EBITDAR (¹) 1.8x 2.9x Dec 31 2019 Mar 31 2020 Raised $1B via 364-term loan in late March Expect additional capital raises Applied for Loan Program of the CARES Act for $1.14B as contingency (1) Refer to reconciliations of non-GAAP financial measures in Appendix A 121 1Q DEBT REPAYMENTS* Actual 109 2Q* Planned (US$ million) 107 3Q* 108 4Q* * Cash outflows related to debt repayment schedule (principal and interest) as of 3/31/2020; does not assume any future debt raises and does not constitute guidance 13

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