jetBlue Results Presentation Deck

EXPECT TO CONTINUE DISCIPLINED COST MANAGEMENT TO AID RECOVERY jetBlue YOY/YO2Y OPERATING EXPENSES* Actual GAAP -38% Actual Non-GAAP (1) -34% 4Q20 Planned - -25% 1Q21** ● COST INITIATIVES Continuing to reshape cost structure to protect liquidity and rebuild margins 4Q20 performance was better than expected, as a result of capacity actions and solid cost execution 1Q21 sequential increase driven by capacity plan, CARES Act impact, external cost headwinds (i.e., higher fuel prices, airport rents and landing fees) *Operating expenses include non-cash expenses (e.g., depreciation and amortization) **Versus 1Q19. Current planning assumption as of January 28, 2021; does not constitute guidance (1) Operating expenses excluding special items; refer to reconciliations of non-GAAP financial measures in Appendix A 12

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