jetBlue Mergers and Acquisitions Presentation Deck

Creating a Compelling National Low-fare Challenger, Benefitting All Stakeholders jetBlue 0 All-cash offer of $33/share clearly represents a "Superior Proposal" for Spirit shareholders X Pro-competitive combination as "JetBlue Effect" is more effective in lowering legacy fares Accelerates JetBlue's strategic plan, creating more value for all stakeholders of combined airline Combined airline would fly under the JetBlue brand, bringing its unique combination of lower fare and great experience to more customers Provides combined crewmember base enhanced career opportunities 3

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