jetBlue Results Presentation Deck

MANAGING COSTS TO SUPPORT CASH POSITIVE FLYING Actual GAAP -45% YOY OPERATING EXPENSES* Actual Non-GAAP (1) -39% 3Q Planned - -30% 4Q** ● ● COST INITIATIVES Continuing taking tactical capacity and cost actions to drive positive cash flying Managing day-to-day flying decisions based on breakeven economics Reshaping cost structure to support margin recovery efforts Permanently reducing fixed costs and driving more variability in the cost structure *Operating expenses include non-cash expenses (e.g., depreciation and amortization) Current planning assumption as of October 27, 2020; does not constitute guidance (1) Operating expenses excluding special items; refer to reconciliations of non-GAAP financial measures in Appendix A jetBlue 2020 12

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