jetBlue Results Presentation Deck

TAKING ACTIONS TO PROTECT OUR STAKEHOLDERS ● ● ● 4Q 2020 BALANCE SHEET $3.1B of liquidity at 4Q close, equal to 38% of 2019 revenue All-in cash burn averaged $6.7M/day (2) in 4Q, versus expected range of $6-8M; EBITDA of ($395M) Adjusted Debt to Cap ratio at 57% (1) (3) jetBlue 4Q 2020 EARNINGS GAAP loss per share of ($1.34); non-GAAP loss per share of ($1.53) (3) • Revenue down (67%) YoY; capacity down (47%) YoY; OpEx down (38%) YoY (GAAP), down (34%)(3) YoY (non-GAAP) (1) As of December 31, 2020 (2) This cash burn includes SW & B paid with CARES Act PSP funds (3) Refer to reconciliations of non-GAAP financial measures in Appendix A ● ● ● ● ● 1Q 2021 PLANNING ASSUMPTIONS* EBITDA between ($525M) - ($625M) Capacity down at least ~(40%) vs 1Q 2019 Revenue down between (65%) and (70%) vs 1Q 2019 Operating expenses down (25%) vs 1Q 2019 - OTHER LIQUIDITY ACTIONS In 4Q 2020, raised $700M via equity offering and sale leasebacks In January 2021, received -$252M of PSP2 funds; expect to receive at least an additional ~$252M in 1Q 2021 *As of January 28, 2021; does not constitute guidance 4

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