jetBlue Results Presentation Deck

REDUCING FIXED AND VARIABLE COST BASE Actual GAAP 2% 2% 3% 3% Jan YOY OPERATING EXPENSES jetBlue 2020 Actual Non-GAAP (1) 16% -15% -42% Feb March April Planned 7% -4% 1Q Current planning assumption* -44% 2Q* ● MANAGING FIXED & VARIABLE COSTS Actions taken in 1Q 2020 Implemented aggressive close-in capacity reductions for March and April Eliminated all non-essential spend, rationalized business partner activities, adjusted maintenance plan in line with reduced capacity, implemented significant voluntary time-off programs and consolidated airport operations Continuing actions in 2Q 2020 Planning OpEx reductions of ~($350M) (ex-fuel) and ($810M) (all-in) Yoy* Protecting crew members through the CARES Act Payroll Support Program *Current planning assumption as of May 7, 2020; does not constitute guidance (1) Operating expenses excluding special items; refer to reconciliations of non-GAAP financial measures in Appendix A 11

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