2022 was a year of substantial progress for JetBlue as we continued

Dear fellow owners:

2022 was a year of substantial progress for JetBlue as we continued to build on our solid foundation to deliver

value for all our stakeholders – our customers, crewmembers, owners, and communities. As we emerged from

ĴìÐĨĊÌÐĉðÆșœÐÌÐăðŒÐīÐÌðĉĨīďŒÐÌďĨÐīĴðďĊăĊÌťĊĊÆðăĨÐīåďīĉĊÆÐșĊÌĴìĊāĮĴďĴìÐĴðīÐăÐĮĮÐååďīĴĮďå

ďķīǡǣșǟǟǟÆīÐœĉÐĉÅÐīĮșœÐďŒÐīÆĉÐĉĊřðĊÌķĮĴīřȭœðÌÐÆìăăÐĊæÐĮðĊÆăķÌðĊæðīĴīŨÆÆďĊĴīďăÆďĊĮĴīðĊĴĮ

ĊÌĮĴŨĊæĮìďīĴæÐĮȘ

I am also extremely proud of the groundwork we laid to continue our legacy of disrupting the industry with more

competition and more choice for customers. We made tremendous progress accelerating our efforts to bring

our unique value proposition of low fares and great service to more customers. In addition to the continued

growth of our Northeast Alliance (NEA) with American Airlines, we announced our plans to acquire Spirit Airlines

to create a truly national low-fare challenger to the ‘Big Four’ airlines.

Some of the key highlights of 2022 include:

■ We delivered record annual revenue, with strong demand for our offering as our unique value proposition

across our products resonated well with customers.

■ We launched a new structural cost program targeting $150 million to $200 million in cost reduction, which

is already delivering savings. We’re laser focused on optimizing our cost structure to provide a platform for

long-term margin expansion.

■ ÐĮĴīÐĊæĴìÐĊÐÌīÐăÐŒĊÆÐÆīďĮĮďķīĊÐĴœďīāĴìīďķæìĮðæĊðťÆĊĴæīďœĴìďķĴďåĴìÐUďīĴìÐĮĴÐĊÅăÐÌÅř

the NEA.

■ ÐÆďĊĴðĊķÐÌĴďÅķðăÌďķīĴīĊĮĴăĊĴðÆĮÐīŒðÆÐșÐĊÌðĊæĴìÐřÐīœðĴìťŒÐÌðăřåīÐĪķÐĊÆðÐĮÅÐĴœÐÐĊĴìÐ

Northeast and London.

■ We launched service to Canada with our inaugural Canadian BlueCity of Vancouver.

■ We took delivery of 6 Airbus A220 and 2 A321neo Long Range aircraft to support our network expansion efforts.

We also announced an agreement to exercise our option for 30 A220 aircraft, as well as the accelerated

īÐĴðīÐĉÐĊĴďåďķī'ǠǨǟŦÐÐĴȘZķīæīďœðĊæŦÐÐĴďååķÐăÐŨÆðÐĊĴðīÆīåĴÐĊìĊÆÐĮďķīÅðăðĴřĴďÐŘĨĊÌďķī

margins.

■ wÐŒÐīăĉþďīðĊåīĮĴīķÆĴķīÐĨīďþÐÆĴĮÆĉÐďĊăðĊÐåďīLÐĴăķÐðĊǡǟǡǡșðĊÆăķÌðĊæĊÐœĴÐīĉðĊăĮĴZīăĊÌďĊÌ

O:ķīÌðșĮðæĊðťÆĊĴăřðĉĨīďŒðĊæĴìÐÆķĮĴďĉÐīÐŘĨÐīðÐĊÆÐȘ

wĴīķÆĴķīăăř'ĊìĊÆðĊæďķīOďĊæȭ}ÐīĉqīďťĴÅðăðĴř

As we look ahead this year, we are focused on building on the momentum from the second half of 2022. We

ÐŘĨÐÆĴĴďæÐĊÐīĴÐďķīťīĮĴåķăăȭřÐīďåĨīďťĴĮðĊÆÐĴìÐĨĊÌÐĉðÆĮœÐÆďĊĴðĊķÐÐŘÐÆķĴðĊæďķīÆďĉĉÐīÆðă

and operating initiatives. With the strong revenue environment, solid execution on these initiatives, and a tight

grip on our cost structure, we are on a path to generating strong run-rate earnings of the standalone business

ĴìīďķæìďķĴĴìÐřÐīĊÌÅÐřďĊÌȘÐťīĉăřÅÐăðÐŒÐœÐīÐďĊĴìÐīðæìĴĴīÆāĴďÐĊìĊÆÐďķīÐīĊðĊæĮĨďœÐīĊÌ

ÆīÐĴÐĮðæĊðťÆĊĴăďĊæȭĴÐīĉŒăķÐåďīďķīďœĊÐīĮȘ

Leveraging our Network Strengths to Drive Success

ZķīĊÐĴœďīāðĮåďķĊÌĴðďĊăÐăÐĉÐĊĴďåďķīĮķÆÆÐĮĮșĊÌœÐĉÌÐĮðæĊðťÆĊĴĮĴīðÌÐĮÐŘĨĊÌðĊæďķīĊÐĴœďīā

œðĴìĊÐœÌÐĮĴðĊĴðďĊĮșÅķĴăĮďæīďœðĊæðĊĨăÆÐĮðĉĨďīĴĊĴĴďďķīÆķĮĴďĉÐīĮșðĊÆăķÌðĊæďķīĮðæĊðťÆĊĴæīďœĴì

in New York and Boston enabled by the NEA. Looking ahead, further strengthening our relevance in our focus

ÆðĴðÐĮȭďĮĴďĊș9ďīĴOķÌÐīÌăÐșOďĮĊæÐăÐĮșUÐœďīāșZīăĊÌďĊÌwĊLķĊȯīÐĉðĊĮÆīðĴðÆăĴďďķīĮĴīĴÐæř

to deliver more value to our customers.

}ìÐæīďœĴìķĊăďÆāÐÌÅřĴìÐU'ðĮæĉÐÆìĊæÐīĊÌÐĊÅăÐĮķĮĴďĨīďŒðÌÐĮðæĊðťÆĊĴÆķĮĴďĉÐīÅÐĊÐťĴĮĴď

travelers across the Northeast by introducing greater competition and a full-scale alternative to the two dominant

legacy carriers in the Northeast. Through this unique growth opportunity, we are able to bring more of our low

fares and great product to more customers.

ĮĨīĴďåďķīU'īÐăĴÐÌæīďœĴìșœÐĊÐīăřĴīðĨăÐÌďķīĊķĉÅÐīďåÌðăřŦðæìĴĮĴO:ķīÌððīĨďīĴÆďĉĨīÐÌ

ĴďǡǟǠǨăÐŒÐăĮȘZķīÐĊìĊÆÐÌĮÆìÐÌķăÐĮșĨīďÌķÆĴďååÐīðĊæșīÐÆðĨīďÆăăďřăĴřÅÐĊÐťĴĮșĊÌÐŒÐīȭðĉĨīďŒðĊæ

seamlessness are delivering more options for consumers. We expect a strong earnings tailwind from the NEA

as this new service matures over the coming years.

ZķĴĮðÌÐďåĴìÐU'șœÐÆďĊĴðĊķÐĴďÌŒĊÆÐĊķĉÅÐīďåĴīæÐĴÐÌďĨĨďīĴķĊðĴðÐĮÆīďĮĮĴìÐīÐĮĴďåďķīĊÐĴœďīāȘ

Internationally, we’re excited to further build on our success with the launch of our second transatlantic destination,

Paris – continental Europe’s most visited city. Domestically, we are focused on adding service across our other

Focus Cities where we see meaningful margin opportunities. Most of our growth in 2023 will come from restoring

utilization towards pre-pandemic levels.

Creating a Truly Unique Travel Experience for Customers with Low Fares and Great Service

IWith our network and commercial initiatives, we are well-positioned to capitalize on the ongoing robust demand

ÐĊŒðīďĊĉÐĊĴĊÌÅķðăÌďĊăĮĴřÐīȸĮīÐÆďīÌīÐŒÐĊķÐĨÐīåďīĉĊÆÐȘZķīÆďĉĨÐăăðĊæďååÐīðĊæďåăďœåīÐĮÆďĉÅðĊÐÌ

œðĴìæīÐĴÐŘĨÐīðÐĊÆÐðĮðÌðĊæďķīķĊÌÐīăřðĊæīÐŒÐĊķÐĮĴīÐĊæĴìȘZķīĨīďÌķÆĴĨĨÐăĮĴďœðÌÐŒīðÐĴřďå

customers, and I’m particularly pleased with the strength of our Mint service. All of our A321neo deliveries this

year will include a Mint cabin.

ZķīăďřăĴřĨÐīåďīĉĊÆÐÆďĊĴðĊķÐĮĴďĉÐÐĴďķīĮĴīďĊææīďœĴìĴīæÐĴĮȘOĮĴřÐīșœÐÆìðÐŒÐÌīÐÆďīÌðĊĨīďæīĉ

ÐĊīďăăĉÐĊĴĮșķĨǤǟɦřÐīȭďŒÐīȭřÐīșœìðăÐÆďȭÅīĊÌÐÌÆīÐÌðĴÆīÌĮðæĊķĨĮœÐīÐķĨǣǟɦřÐīȭďŒÐīȭřÐīșīÐŦÐÆĴðĊæ

the strong customer engagement with our TrueBlue® program. We also unveiled the next iteration of TrueBlue® as

ĨīĴďåðĴĮĉķăĴðȭřÐīÐŒďăķĴðďĊȘZķīķĊðĪķÐĨĨīďÆìæðŒÐĮĉďīÐďĨĨďīĴķĊðĴðÐĮĴďăăÆķĮĴďĉÐīĮȯåīďĉTďĮðÆĴď

customers traveling just once a year – to earn rewards faster and seek more options and choice. We are launching

ďĴìÐīðīăðĊÐīÐÌÐĉĨĴðďĊĮĊÌĊÐœÆīÐÌðĴÆīÌĨďīĴåďăðďĴìĴðĮĮķĨĨďīĴðĊæďķīÐŒďăķĴðďĊĴďĴīŒÐăÅīĊÌȘZķī

ÆķĮĴďĉÐīĮÆĊĊďœÐīĊĨďðĊĴĮĊÌĪķăðåřåďīTďĮðÆœìÐĊÅďďāðĊæĴīŒÐăÅÐřďĊÌþķĮĴŦðæìĴĮșìÐăĨðĊæķĮæīďœ

this revenue stream and close the gap to best in class loyalty performance.

ZķīLÐĴăķÐ}īŒÐăqīďÌķÆĴĮĮķÅĮðÌðīřÆďĊĴðĊķÐĮĴďðĊĊďŒĴÐœðĴìĊÐœĨīďÌķÆĴĮÆīďĮĮLÐĴăķÐÆĴðďĊĮșĴīŒÐă

insurance, and our new Paisly platform, driving 59% revenue growth versus 2021 and 136% growth versus 2019.

JTP is generating $20 million to $25 million in quarterly EBIT, compared to $15 million in EBIT for the full-year

2019. I’m excited about the trajectory of this business as we aim to double our current EBIT generation over the

next 3 years.

Keeping a Firm Grip on Costs to Provide More Low Fares

A low cost structure is embedded in our roots, and allows us to offer low fares while maintaining a high standard

of service and product. We are successfully tackling structural increases in our cost base tied to labor and fuel,

ĮœÐăăĮæÐĊÐīăðĊŦĴðďĊīřĨīÐĮĮķīÐĮðĊÆăķÌðĊæĴìÐðĉĨÆĴåīďĉæīďœðĊæðĊìðæìȭÆďĮĴĴÐīĉðĊăĮÆīďĮĮďķī

high-value geography.

Last year, we undertook a methodical review of our costs, and rolled out our new structural cost program

ĴīæÐĴðĊæĮŒðĊæĮðĊīÐĮðĊÆăķÌðĊæĊÐĴœďīāÐŨÆðÐĊÆřșÆīÐœĨăĊĊðĊæșÐĊÌȭďåȭăðåÐĉðĊĴÐĊĊÆÐďĨĴðĉðšĴðďĊș

and maximized asset productivity.

ZķīÆďĊĴðĊķÐÌÐŘÐÆķĴðďĊďĊÆďĮĴĮðĮĴìÐåďķĊÌĴðďĊďåďķīÅðăðĴřĴďÐŘĨĊÌďķīĉīæðĊĮĊÌÆīÐĴÐĮķĮĴðĊÅăÐ

value.

Maintaining a Healthy Liquidity Balance and Continuing to Invest in the Business

We ended 2022 with $1.6 billion in cash excluding our undrawn $600 million revolving credit facility, or 17% of

2022 revenue. During 2022, we funded close to $1 billion in capital expenditures, approximately $300 million in

payments related to our acquisition of Spirit, and $369 million in debt payments.

Looking ahead, we remain focused on maintaining a healthy liquidity balance, and given economic uncertainty

ĊÌåķÐăĨīðÆÐŒďăĴðăðĴřșœÐÐŘĨÐÆĴĴďťĊĊÆÐĨďīĴðďĊďåďķīðīÆīåĴÌÐăðŒÐīðÐĮĴìðĮřÐīȘ

ZķīăďĊæȭĴÐīĉÅăĊÆÐĮìÐÐĴĨīðďīðĴðÐĮīÐĉðĊķĊÆìĊæÐÌȘÐīÐåďÆķĮÐÌďĊæÐĊÐīĴðĊæĮĴīďĊæÐīĊðĊæĮĊÌ

ÆĮìŦďœĮœÐĉðĊĴðĊīÐăĴðŒÐăřĮĴīďĊæÅăĊÆÐĮìÐÐĴȘ

Industry Leading ESG Efforts

We continue to solidify our industry-leading ESG strategy. We remain as committed as ever to investing in

our crewmembers and making JetBlue a place where our crewmembers are proud to work. Based on external

customer research, JetBlue ranks number one in diversity and inclusion in accommodating travelers in our focus

cities. In addition, people of color represent 82% of our Gateway Direct program classes, which are open to our

crewmembers aspiring to become pilots.

Last year, we committed to our boldest emissions reductions target to-date. We outlined a solid plan to reduce

our per-seat emissions in half by 2035 compared with 2019 levels as part of our recent science-based target,

which is aligned with the goals of the Paris Agreement. We also shared our own goal to reach net zero carbon

emissions by 2040 (which is 10 years ahead of the broader industry’s targets). We believe Sustainable Aviation Fuel

(SAF) is the most effective lever to reduce emissions, and we’re proud to be supporting a portfolio of emerging

ĮķĨĨăðÐīĮœðĴìĮðæĊðťÆĊĴÆďĉĉðĴĉÐĊĴĮȘ

Paving a Path to Long-Term Value Creation

We made great progress in the past year positioning JetBlue for sustainable long-term value creation. We have

strengthened our high-value network footprint, continued to innovate across our compelling products, and set

a disciplined plan to successfully manage our controllable costs. We plan to leverage our trusted travel brand

ĴďĉĴÐīðăăřðĉĨīďŒÐďķīťĊĊÆðăĨÐīåďīĉĊÆÐĮœÐæðĊĴīÆĴðďĊďĊīÐĮĴďīðĊæĉīæðĊĮĴďœīÌĮǡǟǠǨăÐŒÐăĮ

as we move through the year.

Looking beyond 2023, we are excited to create a truly national low-fare challenger to the ‘Big Four’ airlines through

ďķīÆĪķðĮðĴðďĊďåwĨðīðĴșĊÌÌÐăðŒÐīĮðæĊðťÆĊĴŒăķÐåďīďķīÆķĮĴďĉÐīĮșÆīÐœĉÐĉÅÐīĮșďœĊÐīĮșĊÌÆďĉĉķĊðĴðÐĮȘ

A huge thanks to our crewmembers for their dedication and diligent work in positioning JetBlue to create value

for all of our stakeholders. Thanks also to you, our owners, for your continued support.

Most sincerely,

Robin Hayes

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

ɁANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

9ďīĴìÐťĮÆăřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡ

ɁTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

9ďīĴìÐĴīĊĮðĴðďĊĨÐīðďÌåīďĉȲȲȲȲȲȲȲȲȲȲȲȲȲȲȲȲȲȲĴď ȲȲȲȲȲȲȲȲȲȲȲȲȲȲ

ďĉĉðĮĮðďĊťăÐĊķĉÅÐīǟǟǟȭǣǨǦǡǧ

JETBLUE AIRWAYS CORPORATION

ȧ'ŘÆĴĊĉÐďåīÐæðĮĴīĊĴĮĮĨÐÆðťÐÌðĊðĴĮÆìīĴÐīȨ

DELAWARE 87-0617894

ȧwĴĴÐďīďĴìÐīþķīðĮÌðÆĴðďĊďåðĊÆďīĨďīĴðďĊďīďīæĊðšĴðďĊȨ ȧAȘtȘwȘ'ĉĨăďřÐīAÌÐĊĴðťÆĴðďĊUďȘȨ

ǡǦȭǟǠsķÐÐĊĮqăšUďīĴìșOďĊæAĮăĊÌðĴřșUÐœďīā 11101

ȧÌÌīÐĮĮďåĨīðĊÆðĨăÐŘÐÆķĴðŒÐďŨÆÐĮȨ ȧ¢ðĨďÌÐȨ

ȧǦǠǧȨǡǧǥȭǦǨǟǟ

ȧtÐæðĮĴīĊĴȾĮĴÐăÐĨìďĊÐĊķĉÅÐīșðĊÆăķÌðĊæīÐÆďÌÐȚȨ

SECURITIES REGISTERED PURSUANT TO SECTION 12(Å) OF THE ACT:

}ðĴăÐďåÐÆìÆăĮĮ }īÌðĊæwřĉÅďă UĉÐďåÐÆìÐŘÆìĊæÐďĊœìðÆìīÐæðĮĴÐīÐÌ

ďĉĉďĊwĴďÆāșɄǟȘǟǠĨīŒăķÐ JBLU }ìÐUw#swĴďÆāTīāÐĴOO

SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: NONE

AĊÌðÆĴÐÅřÆìÐÆāĉīā YES NO

■ ðåĴìÐīÐæðĮĴīĊĴðĮœÐăăȭāĊďœĊĮÐĮďĊÐÌðĮĮķÐīșĮÌÐťĊÐÌðĊtķăÐǣǟǤďåĴìÐwÐÆķīðĴðÐĮÆĴȘ

■ ðåĴìÐīÐæðĮĴīĊĴðĮĊďĴīÐĪķðīÐÌĴďťăÐīÐĨďīĴĮĨķīĮķĊĴĴďwÐÆĴðďĊǠǢďīwÐÆĴðďĊǠǤȧÌȨďåĴìÐÆĴȘ

■ œìÐĴìÐīĴìÐīÐæðĮĴīĊĴȧǠȨìĮťăÐÌăăīÐĨďīĴĮīÐĪķðīÐÌĴďÅÐťăÐÌÅřwÐÆĴðďĊǠǢďīǠǤȧÌȨďåĴìÐwÐÆķīðĴðÐĮ'ŘÆìĊæÐÆĴďåǠǨǢǣ

ÌķīðĊæĴìÐĨīÐÆÐÌðĊæǠǡĉďĊĴìĮȧďīåďīĮķÆìĮìďīĴÐīĨÐīðďÌĴìĴĴìÐīÐæðĮĴīĊĴœĮīÐĪķðīÐÌĴďťăÐĮķÆìīÐĨďīĴĮȨșĊÌȧǡȨìĮ

ÅÐÐĊĮķÅþÐÆĴĴďĮķÆìťăðĊæīÐĪķðīÐĉÐĊĴĮåďīĴìÐĨĮĴǨǟÌřĮȘ

■

œìÐĴìÐīĴìÐīÐæðĮĴīĊĴìĮĮķÅĉðĴĴÐÌÐăÐÆĴīďĊðÆăăřÐŒÐīřAĊĴÐīÆĴðŒÐ#Ĵ9ðăÐīÐĪķðīÐÌĴďÅÐĮķÅĉðĴĴÐÌĨķīĮķĊĴĴďtķăÐǣǟǤ

ďåtÐæķăĴðďĊwȭ}ȧɬǡǢǡȘǣǟǤďåĴìðĮÆìĨĴÐīȨÌķīðĊæĴìÐĨīÐÆÐÌðĊæǠǡĉďĊĴìĮȧďīåďīĮķÆìĮìďīĴÐīĨÐīðďÌĴìĴĴìÐīÐæðĮĴīĊĴœĮ

īÐĪķðīÐÌĴďĮķÅĉðĴĮķÆìťăÐĮȨȘ

■

œìÐĴìÐīĴìÐīÐæðĮĴīĊĴðĮăīæÐÆÆÐăÐīĴÐÌťăÐīșĊÆÆÐăÐīĴÐÌťăÐīșĊďĊȭÆÆÐăÐīĴÐÌťăÐīșĮĉăăÐīīÐĨďīĴðĊæÆďĉĨĊřșďīĊÐĉÐīæðĊææīďœĴì

ÆďĉĨĊřȘwÐÐĴìÐÌÐťĊðĴðďĊĮďåȵăīæÐÆÆÐăÐīĴÐÌťăÐīșȶȵÆÆÐăÐīĴÐÌťăÐīȶșȵĮĉăăÐīīÐĨďīĴðĊæÆďĉĨĊřșȶĊÌȵÐĉÐīæðĊææīďœĴìÆďĉĨĊřȶðĊtķăÐǠǡÅȭǡ

ďåĴìÐ'ŘÆìĊæÐÆĴȘ

OīæÐÆÆÐăÐīĴÐÌťăÐī

ÆÆÐăÐīĴÐÌťăÐī UďĊȭÆÆÐăÐīĴÐÌťăÐī wĉăăÐīīÐĨďīĴðĊæÆďĉĨĊřɁ 'ĉÐīæðĊææīďœĴìÆďĉĨĊřɁ

■

AåĊÐĉÐīæðĊææīďœĴìÆďĉĨĊřșðĊÌðÆĴÐÅřÆìÐÆāĉīāðåĴìÐīÐæðĮĴīĊĴìĮÐăÐÆĴÐÌĊďĴĴďķĮÐĴìÐÐŘĴÐĊÌÐÌĴīĊĮðĴðďĊĨÐīðďÌåďīÆďĉĨăřðĊæ

œðĴìĊřĊÐœďīīÐŒðĮÐÌťĊĊÆðăÆÆďķĊĴðĊæĮĴĊÌīÌĮĨīďŒðÌÐÌĨķīĮķĊĴĴďwÐÆĴðďĊǠǢȧȨďåĴìÐ'ŘÆìĊæÐÆĴȘ

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œìÐĴìÐīĴìÐīÐæðĮĴīĊĴìĮťăÐÌīÐĨďīĴďĊĊÌĴĴÐĮĴĴðďĊĴďðĴĮĉĊæÐĉÐĊĴȾĮĮĮÐĮĮĉÐĊĴďåĴìÐÐååÐÆĴðŒÐĊÐĮĮďåðĴĮðĊĴÐīĊăÆďĊĴīďă

ďŒÐīťĊĊÆðăīÐĨďīĴðĊæķĊÌÐīwÐÆĴðďĊǣǟǣȧÅȨďåĴìÐwīÅĊÐĮȭZŘăÐřÆĴȧǠǤȘwȘȘǦǡǥǡȧÅȨȨÅřĴìÐīÐæðĮĴÐīÐÌĨķÅăðÆÆÆďķĊĴðĊæťīĉĴìĴ

ĨīÐĨīÐÌďīðĮĮķÐÌðĴĮķÌðĴīÐĨďīĴȘ

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AåĮÐÆķīðĴðÐĮīÐīÐæðĮĴÐīÐÌĨķīĮķĊĴĴďwÐÆĴðďĊǠǡȧÅȨďåĴìÐÆĴșðĊÌðÆĴÐÅřÆìÐÆāĉīāœìÐĴìÐīĴìÐťĊĊÆðăĮĴĴÐĉÐĊĴĮďåĴìÐīÐæðĮĴīĊĴ

ðĊÆăķÌÐÌðĊĴìÐťăðĊæīÐŦÐÆĴĴìÐÆďīīÐÆĴðďĊďåĊÐīīďīĴďĨīÐŒðďķĮăřðĮĮķÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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œìÐĴìÐīĊřďåĴìďĮÐÐīīďīÆďīīÐÆĴðďĊĮīÐīÐĮĴĴÐĉÐĊĴĮĴìĴīÐĪķðīÐÌīÐÆďŒÐīřĊăřĮðĮďåðĊÆÐĊĴðŒÐȭÅĮÐÌÆďĉĨÐĊĮĴðďĊīÐÆÐðŒÐÌÅř

ĊřďåĴìÐīÐæðĮĴīĊĴȾĮÐŘÐÆķĴðŒÐďŨÆÐīĮÌķīðĊæĴìÐīÐăÐŒĊĴīÐÆďŒÐīřĨÐīðďÌĨķīĮķĊĴĴďɬǡǣǟȘǠǟ#ȭǠȧÅȨȘ

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œìÐĴìÐīĴìÐīÐæðĮĴīĊĴðĮĮìÐăăÆďĉĨĊřȧĮÌÐťĊÐÌðĊtķăÐǠǡÅȭǡďåĴìÐÆĴȨȘ

}ìÐææīÐæĴÐĉīāÐĴŒăķÐďåĴìÐīÐæðĮĴīĊĴȾĮÆďĉĉďĊĮĴďÆāìÐăÌÅřĊďĊȭŨăðĴÐĮďåĴìÐīÐæðĮĴīĊĴĮďåLķĊÐǢǟșǡǟǡǡœĮĨĨīďŘðĉĴÐăřɄǡȘǦÅðăăðďĊȧÅĮÐÌ

ďĊĴìÐăĮĴīÐĨďīĴÐÌĮăÐĨīðÆÐďĊĴìÐUw#s:ăďÅăwÐăÐÆĴTīāÐĴďĊĴìĴÌĴÐȨȘ}ìÐĊķĉÅÐīďåĮìīÐĮďķĴĮĴĊÌðĊæďåĴìÐīÐæðĮĴīĊĴȾĮÆďĉĉďĊĮĴďÆāĮďå

LĊķīřǢǠșǡǟǡǢœĮǢǡǦșǡǥǥșǠǤǡĮìīÐĮȘ

DOCUMENTS INCORPORATED BY REFERENCE

#ÐĮðæĊĴÐÌĨďīĴðďĊĮďåĴìÐtÐæðĮĴīĊĴȾĮqīďŘřwĴĴÐĉÐĊĴåďīðĴĮǡǟǡǢĊĊķăTÐÐĴðĊæďåwĴďÆāìďăÌÐīĮșœìðÆìðĮĴďÅÐťăÐÌĮķÅĮÐĪķÐĊĴĴďĴìÐÌĴÐìÐīÐďåșīÐ

ðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐðĊĴďqīĴAAAďåĴìðĮĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNșďīĴìÐtÐĨďīĴșĴďĴìÐÐŘĴÐĊĴÌÐĮÆīðÅÐÌĴìÐīÐðĊȘ

2 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART I

Item 1. Business 4

Overview 4

JetBlue Experience 4

Operations and Cost Structure 8

Human Capital Management 11

Regulation 16

Where You Can Find Other Information 18

Item 1A. Risk Factors 19

Risks Related to the COVID-19 Pandemic 19

Risks Related to JetBlue 19

Risks Associated with the Airline Industry 20

Item 1B. Unresolved Staff Comments 38

Item 2. Properties 39

Item 3. Legal Proceedings 40

Item 4. Mine Safety Disclosures 40

PART II

Item 5. Market for Registrant’s Common Equity;

tÐăĴÐÌɁwĴďÆāìďăÌÐīTĴĴÐīĮĊÌAĮĮķÐī

Purchases of Equity Securities 41

Item 6. [RESERVED] 43

Item 7. Management’s Discussion and Analysis of

9ðĊĊÆðăɁďĊÌðĴðďĊĊÌtÐĮķăĴĮďåZĨÐīĴðďĊĮ 43

Overview 43

Results of Operations 44

Consolidated Balance Sheet Analysis 46

Liquidity and Capital Resources 47

Contractual Obligations 50

Off-Balance Sheet Arrangements 51

Climate Change 51

Critical Accounting Policies and Estimates 52

Regulation G Reconciliation of Non-GAAP Financial

Measures 54

Item 7A. Quantitative and Qualitative Disclosures

About Market Risk 58

Item 8. Financial Statements and Supplementary Data 59

Report of Independent Registered Public

Accounting Firm 59

Consolidated Balance Sheets 62

Consolidated Statements of Operations 64

Consolidated Statements of Comprehensive

Loss 65

Consolidated Statements of Cash Flows 66

Consolidated Statements of Stockholders’ Equity 68

Notes to Consolidated Financial Statements 69

Item 9. Changes in and Disagreements with Accountants

ďĊɁÆÆďķĊĴðĊæĊÌ9ðĊĊÆðă#ðĮÆăďĮķīÐ 95

Item 9A. Controls and Procedures 95

Item 9B. Other Information 96

Item 9C. Disclosure Regarding Foreign Jurisdictions

ĴìĴɁqīÐŒÐĊĴAĊĮĨÐÆĴðďĊĮ 96

PART III

Item 10. #ðīÐÆĴďīĮș'ŘÐÆķĴðŒÐZŨÆÐīĮĊÌďīĨďīĴÐ

Governance 97

Item 11. Executive Compensation 98

Item 12. wÐÆķīðĴřZœĊÐīĮìðĨďåÐīĴðĊÐĊÐťÆðăZœĊÐīĮ

ĊÌTĊæÐĉÐĊĴĊÌtÐăĴÐÌwĴďÆāìďăÌÐīɁTĴĴÐīĮ 98

Item 13. Certain Relationships and Related Transactions,

ĊÌɁ#ðīÐÆĴďīAĊÌÐĨÐĊÌÐĊÆÐ 98

Item 14. Principal Accounting Fees and Services 98

PART IV

Item 15. Exhibits and Financial Statement Schedules 99

Item 16. Form 10-K Summary 99

TABLE OF CONTENTS

www.jetblue.com

Forward-Looking Information

This Report (or otherwise made by JetBlue or on JetBlue’s behalf)

contain various forward-looking statements within the meaning

of Section 27A of the Securities Act of 1933, as amended (the

“Securities Act”), and Section 21E of the Securities Exchange

Act of 1934, as amended, (the “Exchange Act”), which represent

our management’s beliefs and assumptions concerning future

events. These statements are intended to qualify for the “safe

harbor” from liability established by the Private Securities

Litigation Reform Act of 1995. When used in this document and in

documents incorporated herein by reference, the words “expects,”

“plans,” “intends,” “anticipates,” “indicates,” “remains,” “believes,”

“estimates,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,”

“seeks,” “goals,” “targets” and similar expressions are intended

to identify forward-looking statements. Additionally, forward-

looking statements include statements that do not relate solely

to historical facts, such as statements which identify uncertainties

or trends, discuss the possible future effects of current known

trends or uncertainties, or which indicate that the future

effects of known trends or uncertainties cannot be predicted,

guaranteed, or assured. Forward-looking statements involve risks,

uncertainties and assumptions, and are based on information

currently available to us. Actual results may differ materially from

those expressed in the forward-looking statements due to many

factors, including, without limitation, the COVID-19 pandemic

and government-imposed measures to control its spread; risk

associated with execution of our strategic operating plans in the

near-term and long-term; our extremely competitive industry; risks

īÐăĴÐÌĴďĴìÐăďĊæȭĴÐīĉĊĴķīÐďåďķīŦÐÐĴďīÌÐīÅďďāțŒďăĴðăðĴřðĊ

fuel prices and availability of fuel; increased maintenance costs

ĮĮďÆðĴÐÌœðĴìŦÐÐĴæÐțÆďĮĴĮĮĮďÆðĴÐÌœðĴìĮăīðÐĮșœæÐĮ

ĊÌÅÐĊÐťĴĮțīðĮāĮĮĮďÆðĴÐÌœðĴìÌďðĊæÅķĮðĊÐĮĮðĊĴÐīĊĴðďĊăăřț

our reliance on high daily aircraft utilization; our dependence on

the New York metropolitan market; risks associated with extended

interruptions or disruptions in service at our focus cities; risks

associated with airport expenses; risks associated with seasonality

and weather; our reliance on a limited number of suppliers; risks

related to new or increased tariffs imposed on commercial aircraft

and related parts imported from outside the United States; the

outcome of lawsuits filed against us related to our Northeast

Alliance with American Airlines Group Inc.; failure to obtain certain

governmental approvals necessary to consummate the merger

(the “Merger”) with Spirit Airlines Inc. (“Spirit”); risks associated with

failure to consummate the Merger in a timely manner or at all; risks

associated with the pendency of the Merger and related business

disruptions; indebtedness following consummation of the Merger

ĊÌĮĮďÆðĴÐÌðĉĨÆĴĮďĊÅķĮðĊÐĮĮŦÐŘðÅðăðĴřșÅďīīďœðĊæÆďĮĴĮ

and credit ratings; the possibility that JetBlue may be unable to

achieve expected synergies and operating efficiencies within

the expected timeframes or at all; challenges associated with

successful integration of Spirit's operations; expenses related

to the Merger and integration of Spirit; the potential for loss of

management personal and other key crewmembers as a result of

the Merger; risks associated with effective management of the

combined company following the Merger; risks associated with

JetBlue being bound by all obligations and liabilities of Spirit

following consummation of the Merger; risks associated with the

integration of JetBlue and Spirit workforce, including with respect

to negotiation of labor agreements and labor costs; the impact

of the Merger on JetBlue’s earnings per share; risks associated

with cybersecurity incidents; heightened regulatory requirements

concerning data security compliance; risks associated with

reliance on, and potential failure of, automated systems; our

ðĊÅðăðĴřĴďĴĴīÆĴĊÌīÐĴðĊĪķăðťÐÌÆīÐœĉÐĉÅÐīĮțďķīÅÐðĊæ

subject to potential unionization, work stoppages, slowdowns

or increased labor costs; reputational and business risk from an

accident or incident involving our aircraft; risks associated with

ďķīīÐĨķĴĴðďĊĊÌÅīĊÌțďķīĮðæĊðťÆĊĴťŘÐÌďÅăðæĴðďĊĮțďķī

ĮķÅĮĴĊĴðăðĊÌÐÅĴÐÌĊÐĮĮțťĊĊÆðăīðĮāĮĮĮďÆðĴÐÌœðĴìÆīÐÌðĴ

card processors; restrictions as a result of our participation in

governmental support programs; risks associated with seeking

ĮìďīĴȭĴÐīĉÌÌðĴðďĊăťĊĊÆðĊæăðĪķðÌðĴřțåðăķīÐĴďīÐăðšÐĴìÐŒăķÐ

of intangible or long-lived assets; risks associated with disease

outbreaks or environmental disasters affecting travel behavior;

compliance with future environmental regulations; the impacts of

federal budget constraints or federally imposed furloughs; climate

change; changes in government regulations in our industry; acts

of war or terrorism; global economic conditions or an economic

downturn leading to a continuing or accelerated decrease in

demand for air travel; and risks associated with the implementation

of 5G wireless technology near airports that we operate in. It is

routine for our internal projections and expectations to change

as the year or each quarter in the year progresses, and therefore

it should be clearly understood that the internal projections,

beliefs, and assumptions upon which we base our expectations

may change prior to the end of each quarter or year. Any outlook

or forecasts in this document have been prepared without taking

into account or consideration the Merger with Spirit.

Given the risks and uncertainties surrounding forward-looking

statements, you should not place undue reliance on these

statements. You should understand that many important factors,

in addition to those discussed or incorporated by reference in this

Report, could cause our results to differ materially from those

expressed in the forward-looking statements. Potential factors

that could affect our results include, in addition to others not

described in this Report, those described in Item 1A of this Report

under “Risks Related to the COVID-19 Pandemic,” “Risks Related

to JetBlue,” and “Risks Associated with the Airline Industry.” In

light of these risks and uncertainties, the forward-looking events

discussed in this Report might not occur. Our forward-looking

statements speak only as of the date of this Report. Other than

as required by law, we undertake no obligation to update or

revise forward-looking statements, whether as a result of new

information, future events, or otherwise.

3JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART I

ITEM 1 BUSINESS

Overview

General

JetBlue Airways Corporation, or JetBlue, is New York’s Hometown

ðīăðĊÐɮȘĮďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșLÐĴăķÐĮÐīŒÐÌďŒÐīǠǟǟ

ÌÐĮĴðĊĴðďĊĮÆīďĮĮĴìÐĊðĴÐÌwĴĴÐĮșĴìÐīðÅÅÐĊĊÌOĴðĊ

ĉÐīðÆșĊÌșĊÌ'ĊæăĊÌȘ

LÐĴăķÐœĮðĊÆďīĨďīĴÐÌðĊ #ÐăœīÐðĊ ķæķĮĴɁǠǨǨǧĊÌ

ÆďĉĉÐĊÆÐÌĮÐīŒðÆÐ ďĊ9ÐÅīķīřɁ ǠǠșǡǟǟǟȘÐ ÅÐăðÐŒÐďķī

ÌðååÐīÐĊĴðĴÐÌĨīďÌķÆĴĊÌÆķăĴķīÐÆďĉÅðĊÐÌœðĴìďķīÆďĉĨÐĴðĴðŒÐ

ÆďĮĴĮĴīķÆĴķīÐÐĊÅăÐĮķĮĴďÆďĉĨÐĴÐÐååÐÆĴðŒÐăřðĊĴìÐìðæìȭŒăķÐ

æÐďæīĨìðÐĮœÐĮÐīŒÐȘOďďāðĊæĴďĴìÐåķĴķīÐșœÐĨăĊĴďÆďĊĴðĊķÐ

ĴďæīďœðĊďķīìðæìȭŒăķÐæÐďæīĨìðÐĮșðĊŒÐĮĴðĊðĊÌķĮĴīřăÐÌðĊæ

ĨīďÌķÆĴĮșĊÌĨīďŒðÌÐœīÌȭœðĊĊðĊæĮÐīŒðÆÐÅřďķīǡǣșǟǟǟɎ

ÌÐÌðÆĴÐÌÐĉĨăďřÐÐĮșœìďĉœÐīÐåÐīĴďĮÆīÐœĉÐĉÅÐīĮȘ:ďðĊæ

åďīœīÌșœÐÅÐăðÐŒÐœÐœðăăÆďĊĴðĊķÐĴďÌðååÐīÐĊĴðĴÐďķīĮÐăŒÐĮ

åīďĉďĴìÐīðīăðĊÐĮșÐĊÅăðĊæķĮĴďÆďĊĴðĊķÐĴďĴĴīÆĴæīÐĴÐī

ĉðŘďåÆķĮĴďĉÐīĮșĊÌĴďÌīðŒÐÆďĊĴðĊķÐÌæīďœĴìȘÐīÐåďÆķĮÐÌ

ďĊÌÐăðŒÐīðĊæĮďăðÌīÐĮķăĴĮåďīďķīĮĴďÆāìďăÌÐīĮșďķīÆķĮĴďĉÐīĮș

ĊÌďķīÆīÐœĉÐĉÅÐīĮȘ

ĮķĮÐÌðĊĴìðĮtÐĨďīĴșĴìÐĴÐīĉĮȵLÐĴăķÐșȶĴìÐȵďĉĨĊřșȶȵœÐșȶ

ȵķĮșȶȵďķīșȶĊÌĮðĉðăīĴÐīĉĮīÐåÐīĴďLÐĴăķÐðīœřĮďīĨďīĴðďĊ

ĊÌðĴĮĮķÅĮðÌðīðÐĮșķĊăÐĮĮĴìÐÆďĊĴÐŘĴðĊÌðÆĴÐĮďĴìÐīœðĮÐȘZķī

ĨīðĊÆðĨăÐŘÐÆķĴðŒÐďååðÆÐĮīÐăďÆĴÐÌĴǡǦȭǟǠsķÐÐĊĮqăš

UďīĴìșOďĊæAĮăĊÌðĴřșUÐœďīāǠǠǠǟǠĊÌďķīĴÐăÐĨìďĊÐĊķĉÅÐī

ðĮȧǦǠǧȨǡǧǥȭǦǨǟǟȘ

Merger

ZķīÆĪķðĮðĴðďĊďåwĨðīðĴðīăðĊÐĮșAĊÆȘȧȵwĨðīðĴȶȨœðăăĨďĮðĴðďĊķĮ

ĮĊĴðďĊăăďœȭåīÐÆìăăÐĊæÐīĴďĴìÐÌďĉðĊĊĴȘwȘÆīīðÐīĮȘ

}ìÐÆďĉÅðĊÐÌðīăðĊÐœðăăăăďœķĮĴďÆÆÐăÐīĴÐďķīďīæĊðÆ

æīďœĴìĨăĊðĊÅďĴìŦÐÐĴĮðšÐĊÌðĊÆīÐĮÐÌīÐăÐŒĊÆÐðĊÆÐīĴðĊ

āÐřÆðĴðÐĮȘďĉÅðĊðĊæœðĴìwĨðīðĴœðăăæðŒÐķĮĴìÐďĨĨďīĴķĊðĴřĴď

ÅīðĊæďķīķĊðĪķÐÅăÐĊÌďåķăĴīȭăďœåīÐĮĊÌÐŘÆÐĨĴðďĊăĮÐīŒðÆÐ

ĴďĉďīÐÆķĮĴďĉÐīĮșďĊĉďīÐīďķĴÐĮÌðŒÐīĮðåřðĊæďķīĊÐĴœďīāȘ

wÐÐɁUďĴÐǠǦĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆăķÌÐÌ

ðĊAĴÐĉǧĊÌAĴÐĉǠșȵtðĮā9ÆĴďīĮșȶåďīÌÌðĴðďĊăðĊåďīĉĴðďĊ

ďĊĴìÐĉÐīæÐīȘ

Our Industry and Competition

}ìÐȘwȘðīăðĊÐðĊÌķĮĴīřðĮÐŘĴīÐĉÐăřÆďĉĨÐĴðĴðŒÐĊÌÆìăăÐĊæðĊæș

ĊÌīÐĮķăĴĮīÐďåĴÐĊŒďăĴðăÐȘAĴðĮķĊðĪķÐăřĮķĮÆÐĨĴðÅăÐĴďÐŘĴÐīĊă

åÆĴďīĮĮķÆìĮåķÐăÆďĮĴĮșÌďœĊĴķīĊĮðĊÌďĉÐĮĴðÆĊÌðĊĴÐīĊĴðďĊă

ÐÆďĊďĉðÆÆďĊÌðĴðďĊĮșœÐĴìÐīȭīÐăĴÐÌÌðĮīķĨĴðďĊĮșĴìÐĮĨīÐÌ

ďåðĊåÐÆĴðďķĮÌðĮÐĮÐĮșĮķÆìĮĴìÐÆďīďĊŒðīķĮȧȵZA#ȭǠǨȶȨ

ĨĊÌÐĉðÆș ŒÆÆðĊĴðďĊ ĉĊÌĴÐĮșĉĮāðĊæ īÐĪķðīÐĉÐĊĴĮ

ĊÌĴīŒÐăīÐĮĴīðÆĴðďĊĮșĴìÐðĉĨÆĴďåðīăðĊÐīÐĮĴīķÆĴķīðĊæĮďī

ÆďĊĮďăðÌĴðďĊĮșĊÌĉðăðĴīřÆĴðďĊĮďīÆĴĮďåĴÐīīďīðĮĉȘÐ

ďĨÐīĴÐðĊÆĨðĴăĊÌÐĊÐīæřðĊĴÐĊĮðŒÐðĊÌķĮĴīřĴìĴìĮìðæì

ťŘÐÌÆďĮĴĮșĮœÐăăĮìÐŒřĴŘĴðďĊĊÌåÐÐĮȘðīăðĊÐīÐĴķīĊĮīÐ

ĮÐĊĮðĴðŒÐĴďĮăðæìĴÆìĊæÐĮðĊåķÐăĨīðÆÐĮșŒÐīæÐåīÐăÐŒÐăĮșĊÌ

ÆķĮĴďĉÐīÌÐĉĊÌȘ}ìÐðĊÌķĮĴīřȸĮĨīðĊÆðĨăÆďĉĨÐĴðĴðŒÐåÆĴďīĮ

ðĊÆăķÌÐåīÐĮșÅīĊÌĊÌÆķĮĴďĉÐīĮÐīŒðÆÐșīďķĴÐĊÐĴœďīāĮșŦðæìĴ

ĮÆìÐÌķăÐĮșðīÆīåĴĴřĨÐĮșĮåÐĴřīÐÆďīÌĮșÆďÌÐĮìīÐĊÌðĊĴÐīăðĊÐ

īÐăĴðďĊĮìðĨĮșðĊŦðæìĴÐĊĴÐīĴðĊĉÐĊĴĊÌÆďĊĊÐÆĴðŒðĴřĮřĮĴÐĉĮș

ĊÌåīÐĪķÐĊĴŦřÐīăďřăĴřĨīďæīĉĮȘ

The COVID-19 Pandemic

}ìÐķĊĨīÐÆÐÌÐĊĴÐÌZA#ȭǠǨĨĊÌÐĉðÆìĮìÌĉĴÐīðă

ÌŒÐīĮÐðĉĨÆĴďĊďķīďĨÐīĴðĊæīÐŒÐĊķÐĮĊÌťĊĊÆðăĨďĮðĴðďĊȘ

ÐÅÐæĊĮÐÐðĊæĮðæĊĮďåÌÐĉĊÌīÐÆďŒÐīřðĊ9ÐÅīķīřǡǟǡǠœìðÆì

ÆďĊĴðĊķÐÌĴďĨīďæīÐĮĮĴìīďķæìďķĴǡǟǡǠȘăĴìďķæìĴìÐĮĨīÐÌďå

ĴìÐZĉðÆīďĊŒīðĊĴĴÐĉĨďīīðăřÌÐÆÐăÐīĴÐÌĴìÐÌÐĉĊÌåďī

ĴīŒÐăðĊÐīăřǡǟǡǡșÆķĮĴďĉÐīÆďĊťÌÐĊÆÐÆďĊĴðĊķÐÌĴďæīďœďŒÐī

ĴìÐÆďķīĮÐďåĴìÐřÐīșīÐĮķăĴðĊæðĊďķīīÐĴķīĊĴďĨīďťĴÅðăðĴřðĊĴìÐ

ĮÐÆďĊÌìăåďåǡǟǡǡȘ

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ÐďååÐīďķīÆķĮĴďĉÐīĮÌðĮĴðĊÆĴðŒÐåăřðĊæÐŘĨÐīðÐĊÆÐœìðÆì

œÐīÐåÐīĴďĮĴìÐȵLÐĴăķÐ'ŘĨÐīðÐĊÆÐȶȘÐÅÐăðÐŒÐœÐÌÐăðŒÐī

œīÌȭœðĊĊðĊæĮÐīŒðÆÐĊÌĨīďÌķÆĴœðĴìăďœåīÐĮĴìĴåďÆķĮÐĮ

ďĊĴìÐÐĊĴðīÐÆķĮĴďĉÐīÐŘĨÐīðÐĊÆÐșåīďĉÅďďāðĊæĊðĴðĊÐīīřĴď

īīðŒăĴĴìÐťĊăÌÐĮĴðĊĴðďĊȘÐÅÐăðÐŒÐLÐĴăķÐðĮĴìÐÆīīðÐīďå

ÆìďðÆÐåďīĴìÐĉþďīðĴřďåĴīŒÐăÐīĮœìďìŒÐÅÐÐĊķĊÌÐīĮÐīŒÐÌ

ÅřďĴìÐīðīăðĊÐĮȘ

4 JETBLUE AIRWAYS CORPORATION |

2022

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Differentiated Product and Culture

#ÐăðŒÐīðĊæĴìÐLÐĴăķÐ'ŘĨÐīðÐĊÆÐĴďďķīÆķĮĴďĉÐīĮĴìīďķæì

ďķīÌðååÐīÐĊĴðĴÐÌĨīďÌķÆĴĊÌÆķăĴķīÐðĮÆďīÐĴďďķīĉðĮĮðďĊĴď

ðĊĮĨðīÐìķĉĊðĴřȘÐăďďāĴďĴĴīÆĴĊÐœÆķĮĴďĉÐīĮĴďďķīÅīĊÌ

ĊÌĨīďŒðÌÐÆķīīÐĊĴÆķĮĴďĉÐīĮœðĴìīÐĮďĊĴďÆďĉÐÅÆāÅř

ÆďĊĴðĊķðĊæĴďðĊĊďŒĴÐĊÌÐŒďăŒÐĴìÐLÐĴăķÐ'ŘĨÐīðÐĊÆÐȘÐ

ÅÐăðÐŒÐœÐÆĊÌĨĴĴďĴìÐÆìĊæðĊæĊÐÐÌĮďåďķīÆķĮĴďĉÐīĮĊÌ

āÐřÐăÐĉÐĊĴďåďķīĮķÆÆÐĮĮðĮĴìÐÅÐăðÐåĴìĴÆďĉĨÐĴðĴðŒÐåīÐĮ

ĊÌæīÐĴĨīďÌķÆĴĊÐÐÌĊďĴÅÐĉķĴķăăřÐŘÆăķĮðŒÐȘ

ZķīœīÌœðĊĊðĊæĮÐīŒðÆÐÅÐæðĊĮåīďĉĴìÐĉďĉÐĊĴďķīÆķĮĴďĉÐīĮ

ĨķīÆìĮÐĴðÆāÐĴĴìīďķæìďĊÐďåďķīÌðĮĴīðÅķĴðďĊÆìĊĊÐăĮĮķÆì

as www.je tblue.comșďķīĉďÅðăÐĨĨăðÆĴðďĊĮșďīďķīīÐĮÐīŒĴðďĊĮ

ÆÐĊĴÐīĮȘķĮĴďĉÐīĮÆĊĨķīÆìĮÐďĊÐďåťŒÐÅīĊÌÐÌåīÐĮȚăķÐ

Basic, Blue, ăķÐqăķĮșăķÐ'ŘĴīșĊÌMintɮșďķīĨīÐĉðķĉĮÐīŒðÆÐȘ

'ÆìåīÐðĊÆăķÌÐĮÌðååÐīÐĊĴďååÐīðĊæĮĮķÆìĮÐīăřÅďīÌðĊæș

ÌŒĊÆÐĮÐĴĮÐăÐÆĴðďĊĮșåīÐÐÆìÐÆāÐÌÅæĮșĊďÆìĊæÐåÐÐĮș

ĊÌÌÌðĴðďĊă}īķÐăķÐɮĨďðĊĴĮșœðĴìăăåīÐĮðĊÆăķÌðĊæďķīÆďīÐ

ďååÐīðĊæďååīÐÐðĊåăðæìĴÐĊĴÐīĴðĊĉÐĊĴșåīÐÐìðæìȭĮĨÐÐÌœðȭåðș

åīÐÐĮĊÆāĮșĊÌåīÐÐĊďĊȭăÆďìďăðÆÅÐŒÐīæÐĮȘķĮĴďĉÐīĮÆĊ

ÆìďďĮÐĴďȵÅķřķĨȶĴďĊďĨĴðďĊœðĴìÌÌðĴðďĊăďååÐīðĊæĮȘ}ìÐĮÐ

ÌðååÐīÐĊĴåīÐĮăăďœÆķĮĴďĉÐīĮĴďĮÐăÐÆĴĴìÐĨīďÌķÆĴĮďīĮÐīŒðÆÐĮ

ĴìÐřĊÐÐÌďīŒăķÐœìÐĊĴìÐřĴīŒÐășœðĴìďķĴìŒðĊæĴďĨřåďīĴìÐ

ĴìðĊæĮĴìÐřÌďĊďĴĊÐÐÌďīŒăķÐȘ

ĨďĊīīðŒăĴĴìÐðīĨďīĴșďķīÆķĮĴďĉÐīĮīÐœÐăÆďĉÐÌÅřďķī

ÌÐÌðÆĴÐÌÆīÐœĉÐĉÅÐīĮĊÌÆĊÆìďďĮÐĴďĨķīÆìĮÐďĊÐďī

ĉďīÐďåďķīĊÆðăăīřďĨĴðďĊĮĮķÆìĮqīðďīðĴřwÐÆķīðĴřșăăďœðĊæ

ĴìÐĉĴďÐĊþďřĊÐŘĨÐÌðĴÐÌĮÐÆķīðĴřÐŘĨÐīðÐĊÆÐðĊĉďĮĴÌďĉÐĮĴðÆ

LÐĴăķÐăďÆĴðďĊĮșďīăķÐðĴðÐĮȘķĮĴďĉÐīĮœìďĮÐăÐÆĴďķīăķÐ

'ŘĴīďīTðĊĴɮåīÐĮīÐÆÐðŒÐqīðďīðĴřwÐÆķīðĴřĮĨīĴďåĴìÐðīåīÐȘ

ÐÌÌðĴðďĊăăřìŒÐĉďÅðăÐĨĨăðÆĴðďĊĮåďīÅďĴìĨĨăÐĊÌ

ĊÌīďðÌÌÐŒðÆÐĮœìðÆììŒÐīďÅķĮĴåÐĴķīÐĮðĊÆăķÌðĊæīÐăȭĴðĉÐ

ŦðæìĴðĊåďīĉĴðďĊķĨÌĴÐĮĊÌĉďÅðăÐÆìÐÆāȭðĊåďīÆÐīĴðĊīďķĴÐĮȘ

ZķīĨĨăðÆĴðďĊĮīÐÌÐĮðæĊÐÌĴďÐĊìĊÆÐďķīÆķĮĴďĉÐīĮȸĴīŒÐă

ÐŘĨÐīðÐĊÆÐĊÌīÐðĊāÐÐĨðĊæœðĴìĴìÐLÐĴăķÐ'ŘĨÐīðÐĊÆÐȘ

ZķīĮÐăåȭĮÐīŒðÆÐăřďķĴðĊĉþďīðĴřďåăķÐðĴðÐĮīÐÌÐĮðæĊÐÌĴìÐ

œřďķīÆķĮĴďĉÐīĮĴīŒÐăĴìīďķæìĴìÐðīĨďīĴăďÅÅřȘZķīķĮÐīȭ

åīðÐĊÌăřāðďĮāĮīÐĴìÐåðīĮĴĨďðĊĴďåÆďĊĴÆĴåďīÐÆìÆķĮĴďĉÐī

ĴīŒÐăðĊæĴìīďķæìĴìÐðīĨďīĴăďÅÅřĊÌăăďœåďīÆďĊĴÆĴȭăÐĮĮ

ĮÐīŒðÆÐȘìðăÐăăÆķĮĴďĉÐīĮīÐÐĊÆďķīæÐÌĴďķĮÐĴìÐāðďĮāĮș

ďķīăďÅÅřăřďķĴăăďœĮĴìÐĉĴďÆìďďĮÐĴìÐÆìÐÆāȭðĊÐŘĨÐīðÐĊÆÐ

ĴìÐřĨīÐåÐīȘ}ìÐĮÐăåȭĮÐīŒðÆÐĉďÌÐăăăďœĮÆīÐœĉÐĉÅÐīĮĴď

æÐĴďķĴåīďĉÅÐìðĊÌĴìÐĴðÆāÐĴÆďķĊĴÐīĊÌĉďŒÐĴìīďķæìĴìÐ

ăďÅÅřĴďæķðÌÐďķīÆķĮĴďĉÐīĮĴìīďķæìĴìÐÆìÐÆāȭðĊĨīďÆÐĮĮ

ĊÌďĨÐĊĮķĨĴìÐďĨĨďīĴķĊðĴřåďīďķīÆīÐœĉÐĉÅÐīĮĴďĉāÐ

ĨÐīĮďĊăÆďĊĊÐÆĴðďĊĮœðĴìďķīÆķĮĴďĉÐīĮșĴďĮĮðĮĴœðĴìÅæ

ĴææðĊæșĴďĊĮœÐīÆķĮĴďĉÐīĪķÐĮĴðďĊĮșĊÌĴďÌðīÐÆĴĴìÐĉĴď

ĴìÐðīĊÐŘĴĮĴÐĨðĊĴìÐĴīŒÐăÐŘĨÐīðÐĊÆÐȘ9ďīÆķĮĴďĉÐīĮœìď

ĨīÐåÐīĉďīÐĴīÌðĴðďĊăÐŘĨÐīðÐĊÆÐșďķī>ÐăĨ#ÐĮāďååÐīĮ

åķăăȭĮÐīŒðÆÐÆìÐÆāȭðĊȘ

ZĊÆÐ ďĊÅďīÌ ďķī ðīÆīåĴș ÆķĮĴďĉÐīĮ ÐĊþďř ĮÐĴĮ ðĊ 

ÆďĉåďīĴÅăÐăřďķĴœðĴìĴìÐĉďĮĴăÐæīďďĉðĊĴìÐĉðĊÆÅðĊďå

ăăȘwȘðīăðĊÐĮșÅĮÐÌďĊŒÐīæÐŦÐÐĴȭœðÌÐĮÐĴĨðĴÆìȘZķī'ŒÐĊ

TďīÐɮwĨÆÐĮÐĴĮīÐŒðăÅăÐåďīĨķīÆìĮÐÆīďĮĮďķīŦÐÐĴș

æðŒðĊæÆķĮĴďĉÐīĮĴìÐďĨĨďīĴķĊðĴřĴďÐĊþďřÌÌðĴðďĊăăÐæīďďĉȘ

ķĮĴďĉÐīĮďĊÆÐīĴðĊīďķĴÐĮìŒÐĴìÐďĨĴðďĊĴďĨķīÆìĮÐTðĊĴɮș

ďķīĨīÐĉðķĉĮÐīŒðÆÐȘ

AĊ9ÐÅīķīřǡǟǡǠșœÐķĊŒÐðăÐÌīÐðĉæðĊÐÌŒÐīĮðďĊďåďķīTðĊĴɮ

ÐŘĨÐīðÐĊÆÐȘ}ìÐĊÐœĮÐīŒðÆÐðĊÆăķÌÐĮÆďĉĨăÐĴÐăřīÐåīÐĮìÐÌ

ÆÅðĊÌÐĮðæĊåÐĴķīðĊæĨīðŒĴÐĮķðĴÐĮœðĴìĮăðÌðĊæÌďďīåďīÐŒÐīř

TðĊĴɮÆķĮĴďĉÐīȘ'ÆìTðĊĴɮðīÆīåĴăĮďðĊÆăķÌÐĮĴœďTðĊĴɮwĴķÌðď

ĮķðĴÐĮœìðÆìďååÐīĮĴìÐĉďĮĴĮĨÆÐðĊĨīÐĉðķĉÐŘĨÐīðÐĊÆÐåīďĉ

ĊřȘwȘðīăðĊÐÅĮÐÌďĊĨÐīĮďĊăĮĪķīÐåďďĴæÐĨÐīĨĮĮÐĊæÐī

ĮÐĴȘÐÌÐÅķĴÐÌĴìðĮĊÐœĨīÐĉðķĉĮÐīŒðÆÐœðĴìǠǥȭĮÐĴ

ðĊÌðŒðÌķăĮķðĴÐăřďķĴďĊĮÐăÐÆĴŦðæìĴĮÅÐĴœÐÐĊUÐœďīāĊÌ

OďĮĊæÐăÐĮðĊLķĊÐǡǟǡǠȘAĊķæķĮĴǡǟǡǠșœÐÅÐæĊĴīĊĮĴăĊĴðÆ

åăðæìĴĮåīďĉUÐœďīāĴďOďĊÌďĊĴìĴðĊÆăķÌÐÌĴìÐĊÐœTðĊĴɮ

ÐŘĨÐīðÐĊÆÐœðĴìǡǣðĊÌðŒðÌķăĮķðĴÐĮȘAĊķæķĮĴǡǟǡǡșœÐÐŘĨĊÌÐÌ

ďķīĴīĊĮĴăĊĴðÆŦðæìĴĮŦřðĊæåīďĉďĮĴďĊĴďOďĊÌďĊșăĮďœðĴì

ďķīTðĊĴɮÐŘĨÐīðÐĊÆÐȘ

ZķīðĊŦðæìĴÐĊĴÐīĴðĊĉÐĊĴĮřĮĴÐĉďĊÅďīÌďķīðīÆīåĴĮðĊÆăķÌÐ

åīÐÐăðŒÐ}œðĴìķĨĴďǠǟǟɎÆìĊĊÐăĮďå#At'}ɮĊÌǠǟǟɎ

ÆìĊĊÐăĮďåwðīðķĮTtÌðďɮďĊĮÐăÐÆĴīďķĴÐĮĊÌĨīÐĉðķĉ

ĉďŒðÐÆìĊĊÐăďååÐīðĊæĮåīďĉLÐĴăķÐ9ÐĴķīÐĮȘZķīÐĊĴðīÐŦÐÐĴ

ðĮÐĪķðĨĨÐÌœðĴì9ăřȭ9ðɮșÅīďÌÅĊÌĨīďÌķÆĴĴìĴăăďœĮæĴÐȭ

ĴďȭæĴÐðȭ9ðĴÐŒÐīřĮÐĴȘķĮĴďĉÐīĮăĮďìŒÐÆÆÐĮĮĴďĴìÐ

9ăřȭ9ðɮ>ķÅșÆďĊĴÐĊĴĨďīĴăœìÐīÐÆķĮĴďĉÐīĮÆĊÆÆÐĮĮœðÌÐ

īĊæÐďåĉďŒðÐĮșĴÐăÐŒðĮðďĊĮìďœĮșĊÌÌÌðĴðďĊăÆďĊĴÐĊĴåīďĉ

ĴìÐðīďœĊĨÐīĮďĊăÌÐŒðÆÐĮȘ

ăăÆķĮĴďĉÐīĮĉřÐĊþďřĊĮĮďīĴĉÐĊĴďååīÐÐĊÌķĊăðĉðĴÐÌ

ĮĊÆāĮ ĊÌ ĊďĊȭăÆďìďăðÆÅÐŒÐīæÐĮ ĊÌ ìŒÐ ĴìÐ ďĨĴðďĊ

ĴďĨķīÆìĮÐÌÌðĴðďĊăĨīďÌķÆĴĮĮķÆìĮÅăĊāÐĴĮșĨðăăďœĮș

ìÐÌĨìďĊÐĮșĨīÐĉðķĉÅÐŒÐīæÐĮșĊÌĨīÐĉðķĉåďďÌĮÐăÐÆĴðďĊĮȘ

Zķī TðĊĴɮ ÆķĮĴďĉÐīĮ ìŒÐ ÆÆÐĮĮ Ĵď Ċ ĮĮďīĴĉÐĊĴ ďå

ÆďĉĨăðĉÐĊĴīřåďďÌșÅÐŒÐīæÐĮĊÌĨīďÌķÆĴĮðĊÆăķÌðĊæĮĉăăȭ

ĨăĴÐĮĉÐĊķșīĴðĮĊăĮĊÆāĮșăÆďìďăðÆÅÐŒÐīæÐĮșÅăĊāÐĴș

ĨðăăďœĮșĊÌìÐÌĨìďĊÐĮȘ

ÐÆķĮÐďåďķīĊÐĴœďīāĮĴīÐĊæĴìðĊăÐðĮķīÐÌÐĮĴðĊĴðďĊĮșœÐăĮď

ĮÐăăŒÆĴðďĊĨÆāæÐĮĴìīďķæìďķīœìďăăřďœĊÐÌĮķÅĮðÌðīřș

LÐĴăķÐ}īŒÐăqīďÌķÆĴĮșOOșďīLÐĴăķÐ}īŒÐăqīďÌķÆĴĮșďĊÐȭ

ĮĴďĨșŒăķÐȭĨīðÆÐÌŒÆĴðďĊĮÐīŒðÆÐåďīĮÐăåȭÌðīÐÆĴÐÌĨÆāæÐÌ

ĴīŒÐăĨăĊĊðĊæȘ}ìÐĮÐĨÆāæÐĮďååÐīÆďĉĨÐĴðĴðŒÐåīÐĮåďīðī

ĴīŒÐăďĊLÐĴăķÐăďĊæœðĴìĮÐăÐÆĴðďĊďåLÐĴăķÐȭīÐÆďĉĉÐĊÌÐÌ

ìďĴÐăĮĊÌīÐĮďīĴĮșÆīīÐĊĴăĮșĊÌăďÆăĴĴīÆĴðďĊĮȘ

ÐœďīāĴďĨīďŒðÌÐĮķĨÐīðďīĴīŒÐăÐŘĨÐīðÐĊÆÐșðĊÆăķÌðĊæ

ÆďĉĉķĊðÆĴðĊæďĨÐĊăřĊÌìďĊÐĮĴăřœðĴìÆķĮĴďĉÐīĮÅďķĴÌÐăřĮ

ĊÌĮÐīŒðÆÐÌðĮīķĨĴðďĊĮȘÐìŒÐķĮĴďĉÐīðăăďåtðæìĴĮœìðÆì

œĮðĊĴīďÌķÆÐÌðĊǡǟǟǦĴďĨīďŒðÌÐÆďĉĨÐĊĮĴðďĊĴďÆķĮĴďĉÐīĮ

œìďÐŘĨÐīðÐĊÆÐðĊÆďĊŒÐĊðÐĊÆÐĮȘ}ìðĮķĮĴďĉÐīðăăďåtðæìĴĮ

ÆďĉĉðĴĮķĮĴďìðæìĮÐīŒðÆÐĮĴĊÌīÌĮĊÌìďăÌĮķĮÆÆďķĊĴÅăÐ

ðåœÐåăăĮìďīĴȘÐșăðāÐďĴìÐīðīăðĊÐĮșìŒÐăĮďÆďĉĉðĴĴÐÌ

ĴďĴìÐæďŒÐīĊĉÐĊĴĴďĨīďŒðÌÐĮÐīŒðÆÐĮĴďĉðĴðæĴÐÆķĮĴďĉÐī

ðĊÆďĊŒÐĊðÐĊÆÐĮœìÐĊĴìÐÆķĮÐďåÆĊÆÐăăĴðďĊďīÌÐăřœĮÌķÐ

ĴďÆðīÆķĉĮĴĊÆÐĮðĊďķīÆďĊĴīďăȘ}ìÐĮÐĮÐīŒðÆÐĮðĊÆăķÌÐīÐÅďďāðĊæ

ĴĊďÌÌðĴðďĊăÆďĮĴșĉÐăĊÌȥďīĉÐăȥÆĮìŒďķÆìÐīĮåďīŦðæìĴ

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ÌÐăřĮďŒÐīĴìīÐÐìďķīĮșÆďĉĨăðĉÐĊĴīřìďĴÐăÆÆďĉĉďÌĴðďĊĮ

ðåĊÐÆÐĮĮīřșĊÌÆďĉĨăðĉÐĊĴīřæīďķĊÌĴīĊĮĨďīĴĴðďĊĴďĊÌ

åīďĉìďĴÐăĮȘ

ZķīÆķĮĴďĉÐīĮìŒÐīÐĨÐĴÐÌăřðĊÌðÆĴÐÌĴìÐÌðĮĴðĊÆĴðŒÐLÐĴăķÐ

'ŘĨÐīðÐĊÆÐðĮĊðĉĨďīĴĊĴīÐĮďĊœìřĴìÐřĮÐăÐÆĴķĮďŒÐīďĴìÐī

ÆīīðÐīĮȘÐĉÐĮķīÐĊÌĉďĊðĴďīÆķĮĴďĉÐīåÐÐÌÅÆāīÐæķăīăř

5JETBLUE AIRWAYS CORPORATION |

2022

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A}'TǠɁwAU'ww

œìðÆììÐăĨĮķĮĴďÆďĊĴðĊķďķĮăřðĉĨīďŒÐÆķĮĴďĉÐīĮĴðĮåÆĴðďĊȘ

ZĊÐœřœÐÌďĮďðĮÅřĉÐĮķīðĊæďķīĊÐĴĨīďĉďĴÐīĮÆďīÐșďīUqwȘ

}ìðĮĉÐĴīðÆðĮķĮÐÌÅřÆďĉĨĊðÐĮðĊÅīďÌīĊæÐďåðĊÌķĮĴīðÐĮ

ĴďĉÐĮķīÐĊÌĉďĊðĴďīĴìÐÆķĮĴďĉÐīÐŘĨÐīðÐĊÆÐȘTĊřăÐÌðĊæ

ÆďĊĮķĉÐīÅīĊÌĮĴìĴīÐīÐÆďæĊðšÐÌåďīæīÐĴÆķĮĴďĉÐīĮÐīŒðÆÐ

īÐÆÐðŒÐìðæìUqwĮÆďīÐĮȘÐÅÐăðÐŒÐìðæìÐīUqwĮÆďīÐìĮ

ĨďĮðĴðŒÐÐååÐÆĴĮďĊÆķĮĴďĉÐīăďřăĴřĊÌķăĴðĉĴÐăřăÐÌĮĴď

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ÐīÐĨīÐÌďĉðĊĴÐăřĨďðĊĴȭĴďȭĨďðĊĴĮřĮĴÐĉÆīīðÐīœðĴìǨǢɦ

ďåďķīīďķĴÐĮĴďķÆìðĊæĴăÐĮĴďĊÐďåďķīĮðŘåďÆķĮÆðĴðÐĮȚUÐœ

ďīāșďĮĴďĊș9ďīĴOķÌÐīÌăÐȭ>ďăăřœďďÌșZīăĊÌďșOďĮĊæÐăÐĮș

ĊÌwĊLķĊșqķÐīĴďtðÆďȘăăĮðŘďåďķīåďÆķĮÆðĴðÐĮīÐðĊīÐæðďĊĮ

œðĴìÌðŒÐīĮÐĉðŘďåĴīŨÆȘ

OÐðĮķīÐĴīŒÐăÐīåďÆķĮÐÌðīăðĊÐĮīÐďåĴÐĊåÆÐÌœðĴììðæì

ĮÐĮďĊăðĴřȘĮīÐĮķăĴșœÐÆďĊĴðĊķăăřœďīāĴďĉĊæÐďķīĉðŘ

ďåÆķĮĴďĉÐīĮĴďðĊÆăķÌÐÅďĴìÅķĮðĊÐĮĮĴīŒÐăÐīĮĊÌĴīŒÐăÐīĮ

ŒðĮðĴðĊæåīðÐĊÌĮĊÌīÐăĴðŒÐĮșďī9tȘ9tĴīŒÐăÐīĮĴÐĊÌĴďÅÐ

ĮăðæìĴăřăÐĮĮĮÐĮďĊăĊÌăÐĮĮĮķĮÆÐĨĴðÅăÐĴďÐÆďĊďĉðÆÌďœĊĴķīĊĮ

ĴìĊĴīÌðĴðďĊăăÐðĮķīÐÌÐĮĴðĊĴðďĊĴīŒÐăÐīĮȘĊÌÐīĮĴĊÌðĊæĴìÐ

ĨķīĨďĮÐďåďķīÆķĮĴďĉÐīĮȸĴīŒÐăìÐăĨĮķĮĴďďĨĴðĉðšÐÌÐĮĴðĊĴðďĊĮș

ĮĴīÐĊæĴìÐĊďķīĊÐĴœďīāșĊÌðĊÆīÐĮÐķĊðĴīÐŒÐĊķÐĮȘ

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșďķīĊÐĴœďīāĮÐīŒÐÌǠǟǧăķÐðĴðÐĮðĊ

ǢǡĮĴĴÐĮșĴìÐ#ðĮĴīðÆĴďåďăķĉÅðșĴìÐďĉĉďĊœÐăĴìďåqķÐīĴď

tðÆďșĴìÐȘwȘðīæðĊAĮăĊÌĮșǡǣÆďķĊĴīðÐĮðĊĴìÐīðÅÅÐĊĊÌ

OĴðĊĉÐīðÆșĊÌșĊÌ'ĊæăĊÌșďķīťīĮĴÆďķĊĴīřðĊ'ķīďĨÐȘ

OīæÐăřÐĊÅăÐÌÅřĴìÐUďīĴìÐĮĴăăðĊÆÐȧĴìÐȵU'ȶȨ œðĴì

ĉÐīðÆĊðīăðĊÐĮ:īďķĨAĊÆȘȧȵĉÐīðÆĊȶȨșœÐĊĊďķĊÆÐÌťŒÐĊÐœ

ăķÐðĴðÐĮĊÌǠǟĊÐœīďķĴÐĮðĊǡǟǡǡȘÐåďķĊÌĊÐœďĨĨďīĴķĊðĴðÐĮ

ðĊÌÐĮĴðĊĴðďĊĮåīďĉUÐœďīāĊÌďĮĴďĊĴìĴœÐÌðÌĊďĴĮÐīŒÐ

ĨīðďīĴďĴìÐU'șðĊÆăķÌðĊæÐŘĨĊÌÐÌĮÐīŒðÆÐĴďĴìÐTðÌœÐĮĴðĊ

ǡǟǡǡșĮœÐăăĮĨīďŒðÌðĊæĊÐĴœďīāĴĴīÆĴðŒÐĴďÅďĴìÅķĮðĊÐĮĮ

ĊÌăÐðĮķīÐÆķĮĴďĉÐīĮȘ

ÐæīďķĨďķīÆĨÆðĴřÌðĮĴīðÅķĴðďĊÅĮÐÌķĨďĊæÐďæīĨìðÆă

īÐæðďĊĮīĴìÐīĴìĊďĊĉðăÐæÐďīăÐĊæĴìȭďåȭìķăÅĮðĮȘ}ìÐ

ìðĮĴďīðÆÌðĮĴīðÅķĴðďĊďåŒðăÅăÐĮÐĴĉðăÐĮȧȵwTĮȶȨșďīÆĨÆðĴřș

ÅřīÐæðďĊåďīĴìÐřÐīĮÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠœĮȚ

Capacity Distribution 2022 2021 2020

Transcontinental ǢǟȘǧɦ ǢǠȘǟɦ ǢǠȘǦɦ

īðÅÅÐĊɪOĴðĊĉÐīðÆ

ȧǠȨ

ǢǡȘǤ ǢǥȘǧ ǢǠȘǣ

9ăďīðÌ ǡǣȘǥ ǡǣȘǨ ǡǦȘǣ

'ĮĴ ǤȘǠ ǢȘǡ ǣȘǤ

Central ǤȘǟ ǢȘǟ ǣȘǟ

ÐĮĴ ǟȘǤ

ǟȘǦ ǠȘǟ

Transatlantic

ȧǡȨ

ǠȘǤ ǟȘǣ —

TOTAL 100.0 % 100.0 % 100.0 %

(1) Domestic operations as defined by the U.S. Department of Transportation (“DOT”), include Puerto Rico and the U.S. Virgin Islands, but for the purposes of the capacity

distribution table above, we have included these locations in the Caribbean and Latin America region.

(2) We further expanded our presence in the transatlantic market with service from Boston Logan International Airport, or Boston to London Gatwick and London Heathrow

airports in August 2022.

ÐìŒÐĊĊďķĊÆÐÌĮÐīŒðÆÐĴďqīðĮș9īĊÆÐðĊĮķĉĉÐīǡǟǡǢĊÌåďķīĊÐœīďķĴÐĮÅÐæðĊĊðĊæðĊĮĨīðĊæǡǟǡǢȘÐăĮďĊĊďķĊÆÐÌĮÐīŒðÆÐ

Ĵď}ăăìĮĮÐÐș9ăďīðÌĮĴīĴðĊæðĊÐīăřǡǟǡǣȘ

'ĊÅăÐÌÅřĴìÐU'șœÐĊĊďķĊÆÐÌÐŘĨĊÌÐÌTðĊĴɮŦřðĊæĊÌĴœďĊÐœĮÐĮďĊăīďķĴÐĮÅÐæðĊĊðĊæðĊĮķĉĉÐīǡǟǡǢȘ

ðīăðĊÐďĉĉÐīÆðăqīĴĊÐīĮìðĨĮɁɁɁɁ

ðīăðĊÐĮåīÐĪķÐĊĴăřĨīĴðÆðĨĴÐðĊÆďĉĉÐīÆðăĨīĴĊÐīĮìðĨĮœðĴì

ďĴìÐīÆīīðÐīĮðĊďīÌÐīĴďðĊÆīÐĮÐÆķĮĴďĉÐīÆďĊŒÐĊðÐĊÆÐÅř

ĨīďŒðÌðĊæðĊĴÐīăðĊÐȭÆďĊĊÐÆĴðŒðĴřșÆďÌÐĮìīÐșÆďĉĨăÐĉÐĊĴīř

ŦðæìĴĮÆìÐÌķăÐĮșåīÐĪķÐĊĴŦřÐīĨīďæīĉīÐÆðĨīďÆðĴřșĊÌďĴìÐī

þďðĊĴĉīāÐĴðĊæÆĴðŒðĴðÐĮȘĮďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșœÐìÌ

ǣǥɁðīăðĊÐÆďĉĉÐīÆðăĨīĴĊÐīĮìðĨĮȘZķīÆďĉĉÐīÆðăĨīĴĊÐīĮìðĨĮ

ĴřĨðÆăăřÅÐæðĊĮĊðĊĴÐīăðĊÐæīÐÐĉÐĊĴăăďœðĊæÆķĮĴďĉÐīĴď

ÅďďāĮðĊæăÐðĴðĊÐīīřœðĴìĴðÆāÐĴĮďĊĉķăĴðĨăÐðīăðĊÐĮȘZĊĴìÐðī

ÌřďåĴīŒÐășĴìÐřÐĊþďřĮðĉĨăðťÐÌðīĨďīĴÐŘĨÐīðÐĊÆÐœðĴìĮðĊæăÐ

ÆìÐÆāȭðĊĊÌÅæÌīďĨȘ

NORTHEAST ALLIANCE

AĊLķăřǡǟǡǟșLÐĴăķÐ ĊÌ ĉÐīðÆĊ ÐĊĴÐīÐÌðĊĴďĴìÐU'

ÌÐĮðæĊÐÌĴďďĨĴðĉðšÐďķīīÐĮĨÐÆĴðŒÐĊÐĴœďīāĮĴLďìĊ9ȘNÐĊĊÐÌř

AĊĴÐīĊĴðďĊăðīĨďīĴșO:ķīÌððīĨďīĴșUÐœīāĊÌďĮĴďĊȘ

9ďăăďœðĊæīÐŒðÐœÅřĴìÐ#Z}șLÐĴăķÐĊÌĉÐīðÆĊÅÐæĊ

ðĉĨăÐĉÐĊĴðĊæĴìÐU'ðĊLķăřǡǟǡǠȘwðĊÆÐĴìÐĊșLÐĴăķÐĊÌ

ĉÐīðÆĊìŒÐÆďăăÐÆĴðŒÐăřæīďœĊÆīďĮĮUÐœďīāĊÌďĮĴďĊș

ďååÐīðĊæÆķĮĴďĉÐīĮĉďīÐďĨĴðďĊĮåďīĴīŒÐăȘÐīÐðĊŒÐĮĴðĊæðĊ

ĮÐĉăÐĮĮÆķĮĴďĉÐīÐŘĨÐīðÐĊÆÐĊÌìŒÐăĮďðĊĴīďÌķÆÐÌăďřăĴř

ÅÐĊÐťĴĮĴìĴœðăăæðŒÐÅďĴìLÐĴăķÐĊÌĉÐīðÆĊÆķĮĴďĉÐīĮĴìÐ

ďĨĨďīĴķĊðĴřĴďÐīĊĊÌīÐÌÐÐĉďĊÅďĴìðīăðĊÐĮȘ

ZĊwÐĨĴÐĉÅÐīǡǠșǡǟǡǠșĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴďåLķĮĴðÆÐș

ăďĊæœðĴìĴìÐĴĴďīĊÐřĮ:ÐĊÐīăďåĮðŘĮĴĴÐĮĊÌĴìÐ#ðĮĴīðÆĴ

ďåďăķĉÅðťăÐÌĮķðĴæðĊĮĴLÐĴăķÐĊÌĉÐīðÆĊĮÐÐāðĊæĴď

6 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TǠɁwAU'ww

ÐĊþďðĊĴìÐU'șăăÐæðĊæĴìĴðĴŒðďăĴÐĮwÐÆĴðďĊǠďåĴìÐwìÐīĉĊ

ÆĴȘ}ìÐÅÐĊÆìĴīðăďåĴìðĮĉĴĴÐīœĮÆďĊÆăķÌÐÌðĊZÆĴďÅÐī

ǡǟǡǡșĊÌĴìÐÆďķīĴìÐăÌÆăďĮðĊæīæķĉÐĊĴĮðĊUďŒÐĉÅÐīǡǟǡǡȘ

}ìÐÆďķīĴȸĮÌÐÆðĮðďĊīÐĉðĊĮĨÐĊÌðĊæȘĊÌŒÐīĮÐīķăðĊæÆďķăÌ

ÌŒÐīĮÐăřðĉĨÆĴďķīÅðăðĴřĴďÆìðÐŒÐĴìÐðĊĴÐĊÌÐÌÅÐĊÐåðĴĮ

ďåĴìÐU'ĊÌÆďķăÌìŒÐĊÌŒÐīĮÐðĉĨÆĴďĊďķīÅķĮðĊÐĮĮș

ťĊĊÆðăÆďĊÌðĴðďĊșĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȘÌÌðĴðďĊăăřșœÐ

īÐðĊÆķīīðĊæÆďĮĴĮĮĮďÆðĴÐÌœðĴìðĉĨăÐĉÐĊĴðĊæďĨÐīĴðďĊăĊÌ

ĉīāÐĴðĊæÐăÐĉÐĊĴĮďåĴìÐU'șœìðÆìœďķăÌĊďĴÅÐīÐÆďŒÐīÅăÐ

ðåœÐœÐīÐīÐĪķðīÐÌĴďķĊœðĊÌăăďīĨďīĴðďĊďåĴìÐU'Ș

AĊ#ÐÆÐĉÅÐīǡǟǡǡĊÌ9ÐÅīķīřǡǟǡǢșåďķīĨķĴĴðŒÐÆăĮĮÆĴðďĊĮ

ăœĮķðĴĮœÐīÐåðăÐÌðĊĴìÐĊðĴÐÌwĴĴÐĮ#ðĮĴīðÆĴďķīĴåďīĴìÐ

'ĮĴÐīĊ#ðĮĴīðÆĴďåUÐœďīāĊÌĴìÐĊðĴÐÌwĴĴÐĮ#ðĮĴīðÆĴďķīĴ

ďåĴìÐ#ðĮĴīðÆĴďåTĮĮÆìķĮÐĴĴĮșăăÐæðĊæșĉďĊæďĴìÐīĴìðĊæĮș

ĴìĴĉďĊÐĴīřÌĉæÐĮĮìďķăÌÅÐœīÌÐÌĴďĨķĴĴðŒÐÆăĮĮďå

ÌðīÐÆĴĨķīÆìĮÐīĮďåðīăðĊÐĴðÆāÐĴĮåīďĉLÐĴăķÐĊÌĉÐīðÆĊ

ďĊU'ŦðæìĴĮåīďĉLķăřǠǥșǡǟǡǟĴìīďķæìĴìÐĨīÐĮÐĊĴȘ:ðŒÐĊĴìÐ

ĊĴķīÐďåĴìÐĮÐÆĮÐĮșœÐīÐķĊÅăÐĴďÐĮĴðĉĴÐĴìÐīÐĮďĊÅăř

ĨďĮĮðÅăÐăďĮĮďīīĊæÐďåăďĮĮșðåĊřșīðĮðĊæåīďĉĴìðĮĉĴĴÐīț

ìďœÐŒÐīșLÐĴăķÐÅÐăðÐŒÐĮĴìÐĮÐăœĮķðĴĮīÐœðĴìďķĴĉÐīðĴĊÌș

ăďĊæœðĴìĉÐīðÆĊșœðăăÌÐåÐĊÌĴìÐĮÐĉĴĴÐīĮŒðæďīďķĮăřȘ

AĊǡǟǡǢșœÐÐŘĨÐÆĴĴďÆďĊĴðĊķÐĴďĮÐÐāÌÌðĴðďĊăĮĴīĴÐæðÆ

ďĨĨďīĴķĊðĴðÐĮĴìīďķæìĊÐœÆďĉĉÐīÆðăĨīĴĊÐīĮĮœÐăăĮĮĮÐĮĮ

œřĮĴďÌÐÐĨÐĊÐŘðĮĴðĊæðīăðĊÐĨīĴĊÐīĮìðĨĮșðĊÆăķÌðĊæĴìÐU'Ș

ÐĨăĊĴďÌďĴìðĮÅřÐŘĨĊÌðĊæÆďÌÐĮìīÐīÐăĴðďĊĮìðĨĮĊÌďĴìÐī

īÐĮďåÆďďĨÐīĴðďĊĮķÆìĮåīÐĪķÐĊĴŦřÐīĨīďæīĉĮȘÐÅÐăðÐŒÐ

ĴìÐĮÐÆďĉĉÐīÆðăĨīĴĊÐīĮìðĨĮăăďœķĮĴďÅÐĴĴÐīăÐŒÐīæÐďķī

ĮĴīďĊæĊÐĴœďīāĊÌÌīðŒÐðĊÆīÐĉÐĊĴăĴīŨÆĊÌīÐŒÐĊķÐœìðăÐ

ðĉĨīďŒðĊæďååȭĨÐāĴīŒÐăȘ

Marketing

LÐĴăķÐðĮœðÌÐăřīÐÆďæĊðšÐÌĊÌīÐĮĨÐÆĴÐÌæăďÅăÅīĊÌȘ

LÐĴăķÐÆīÐĴÐÌĊÐœÆĴÐæďīřðĊðīĴīŒÐăĊÌďķīÅīĊÌĮĴĊÌĮ

åďīďååÐīðĊææīÐĴĨīďÌķÆĴœðĴìăďœåīÐĮȘÐÅÐăðÐŒÐĴìðĮÅīĊÌ

ìĮÐŒďăŒÐÌðĊĴďĊðĉĨďīĴĊĴĊÌŒăķÅăÐĮĮÐĴœìðÆìðÌÐĊĴðťÐĮ

ķĮĮĮåÐșīÐăðÅăÐșĊÌìðæìŒăķÐðīăðĊÐȘwðĉðăīăřșœÐÅÐăðÐŒÐ

ÆķĮĴďĉÐīœīÐĊÐĮĮďåďķīÅīĊÌìĮÆďĊĴīðÅķĴÐÌĴďĴìÐĮķÆÆÐĮĮ

ďåďķīĉīāÐĴðĊæÐååďīĴĮȘAĴÐĊÅăÐĮķĮĴďĨīďĉďĴÐďķīĮÐăŒÐĮĮ

ĨīÐåÐīīÐÌĉīāÐĴðĊæĨīĴĊÐīœðĴìÆďĉĨĊðÐĮÆīďĮĮĉĊř

ÌðååÐīÐĊĴðĊÌķĮĴīðÐĮȘ

ÐĉīāÐĴďķīĮÐīŒðÆÐĮĴìīďķæìÌŒÐīĴðĮðĊæĊÌĨīďĉďĴðďĊĮ

ðĊŒīðďķĮĉÐÌðåďīĉĮðĊÆăķÌðĊæĨďĨķăīĮďÆðăĉÐÌðďķĴăÐĴĮȘ

Ð ÐĊææÐðĊ ăīæÐĉķăĴðȭĉīāÐĴĨīďæīĉĮș ăďÆă ÐŒÐĊĴĮș

ĊÌĮĨďĊĮďīĮìðĨĮÆīďĮĮďķīīďķĴÐĊÐĴœďīāĮœÐăăĮĉďÅðăÐ

ĉīāÐĴðĊæĨīďæīĉĮȘZķī ĴīæÐĴÐÌĨķÅăðÆ ĊÌÆďĉĉķĊðĴř

īÐăĴðďĊĮÐååďīĴĮīÐŦÐÆĴďķīÆďĉĉðĴĉÐĊĴĴďĴìÐÆďĉĉķĊðĴðÐĮœÐ

ĮÐīŒÐșĨīďĉďĴÐÅīĊÌœīÐĊÐĮĮșĊÌÆďĉĨăÐĉÐĊĴďķīĮĴīďĊæ

reputation.

Distribution

ZķīĨīðĉīřĊÌĨīÐåÐīīÐÌÌðĮĴīðÅķĴðďĊÆìĊĊÐăĴďÆķĮĴďĉÐīĮðĮ

ĴìīďķæìďķīœÐÅĮðĴÐșwww.jetblue.comșďķīăďœÐĮĴÆďĮĴÆìĊĊÐăȘ

ZķīœÐÅĮðĴÐăăďœĮķĮĴďĉďīÐÆăďĮÐăřÆďĊĴīďăĊÌÌÐăðŒÐīĴìÐ

LÐĴăķÐ'ŘĨÐīðÐĊÆÐœìðăÐăĮďďååÐīðĊæĴìÐåķăăĮķðĴÐďåLÐĴăķÐ

9īÐZĨĴðďĊĮș'ŒÐĊTďīÐɮwĨÆÐĊÌwĨÐÐÌșLÐĴăķÐÆĴðďĊĮɮș

ĊÌďĴìÐīĊÆðăăīřĮÐīŒðÆÐĮȘ

ZķīĨīĴðÆðĨĴðďĊðĊæăďÅăÌðĮĴīðÅķĴðďĊĮřĮĴÐĉĮșďī:#wșĮķĨĨďīĴĮ

ďķīĨīďťĴÅăÐæīďœĴìșĨīĴðÆķăīăřðĊĴìÐÅķĮðĊÐĮĮĉīāÐĴȘÐ

ťĊÌÅķĮðĊÐĮĮÆķĮĴďĉÐīĮīÐĉďīÐăðāÐăřĴďÅďďāĴìīďķæìĴīŒÐă

æÐĊÆřďīÅďďāðĊæĨīďÌķÆĴœìðÆìīÐăðÐĮďĊ:#wĨăĴåďīĉȘ

ăĴìďķæìĴìÐÌðĮĴīðÅķĴðďĊÆďĮĴĴìīďķæìĴìðĮÆìĊĊÐăðĮìðæìÐīĴìĊ

ĴìīďķæìďķīœÐÅĮðĴÐșĴìÐŒÐīæÐåīÐĨķīÆìĮÐÌĴìīďķæì:#wðĮ

æÐĊÐīăăřìðæìÐīĊÌďåĴÐĊÆďŒÐīĮĴìÐðĊÆīÐĮÐÌÌðĮĴīðÅķĴðďĊÆďĮĴĮȘ

ÐÆķīīÐĊĴăřĨīĴðÆðĨĴÐðĊĮÐŒÐīăĉþďī:#wĮĊÌďĊăðĊÐĴīŒÐă

æÐĊĴĮșďīZ}ĮȘ#ķÐĴďĴìÐĉþďīðĴřďåďķīÆķĮĴďĉÐīĮÅďďāðĊæ

ĴīŒÐăďĊďķīœÐÅĮðĴÐșœÐĉðĊĴðĊīÐăĴðŒÐăřăďœÌðĮĴīðÅķĴðďĊÆďĮĴĮ

œìðÆììÐăĨĮķĮĴďďååÐīăďœÐīåīÐĮĴďÆķĮĴďĉÐīĮȘ

Customer Loyalty Program

}īķÐăķÐɮðĮďķīÆķĮĴďĉÐīăďřăĴřĨīďæīĉÌÐĮðæĊÐÌĴďīÐœīÌ

ĊÌīÐÆďæĊðšÐăďřăÆķĮĴďĉÐīĮȘTÐĉÅÐīĮÐīĊĨďðĊĴĮÅĮÐÌ

ķĨďĊșĉďĊæďĴìÐīĉÐĴìďÌĮșĴìÐĉďķĊĴĨðÌåďīLÐĴăķÐŦðæìĴĮ

ĊÌĮÐīŒðÆÐĮåīďĉÆÐīĴðĊÆďĉĉÐīÆðăĨīĴĊÐīĮȘZķīĨďðĊĴĮÌď

ĊďĴÐŘĨðīÐșĴìÐĨīďæīĉìĮĊďÅăÆāȭďķĴÌĴÐĮșĨďðĊĴĮÆĊÅÐ

īÐÌÐÐĉÐÌåďīĊřďĨÐĊĮÐĴșĊÌĊřLÐĴăķÐÌÐĮĴðĊĴðďĊÆĊÅÐ

ÅďďāÐÌðåĴìÐ}īķÐăķÐɮĉÐĉÅÐīìĮÐĊďķæìĨďðĊĴĮĴďÐŘÆìĊæÐ

åďīĴìÐŒăķÐďåĊďĨÐĊĮÐĴȘ}īķÐăķÐTďĮðÆɮðĮĊÌÌðĴðďĊă

ĨīďæīĉăÐŒÐăåďīďķīĉďĮĴăďřăÆķĮĴďĉÐīĮȘ

AĊ#ÐÆÐĉÅÐīǡǟǡǡșœÐĊĊďķĊÆÐÌĊÐœ}īķÐăķÐɮOďřăĴřqīďæīĉ

œìðÆìœðăăÅÐæðĊðĊĉðÌÌăÐďåǡǟǡǢșÅīðĊæðĊæĉďīÐÆìďðÆÐĮĊÌĊÐœ

ĨÐīāĮåďīÆķĮĴďĉÐīĮȘ}ìÐĊÐœĨīďæīĉĉðĊĴðĊĮĉďĮĴďå}īķÐăķÐȸĮɮ

ĮðæĊĴķīÐĨÐīāĮœìðăÐăĮďĨīďŒðÌðĊæåďīĊÐœďĨĨďīĴķĊðĴðÐĮåďī

ÆķĮĴďĉÐīĮĴďÐīĊÌÌðĴðďĊăĨÐīāĮăďĊæĴìÐœřĴďÆìðÐŒðĊæTďĮðÆ

ĮĴĴķĮȘ}īķÐăķÐɮœðăăĊďœďååÐīĴðăÐĮĮĴìÐĊÐœœřĴďĴīÆāĊÌ

ĉÐĮķīÐĨīďæīÐĮĮĴďœīÌTďĮðÆĮĴĴķĮȘ}ðăÐĮīÐÐīĊÐÌÅĮÐÌďĊ

ÆďĉÅðĊĴðďĊďåĴīŒÐăĮĨÐĊÌĊÌÆīÐÌðĴÆīÌĮĨÐĊÌȘ}ìÐĊÐœĨīďæīĉ

ðĮÌÐĮðæĊÐÌĴďÐĊĮķīÐĴìĴÐŒÐĊĉďīÐ}īķÐăķÐɮĉÐĉÅÐīĮìŒÐĴìÐ

ďĨĨďīĴķĊðĴřĴďæÐĴīÐœīÌÐÌșÐŒÐĊÅÐåďīÐÆìðÐŒðĊæTďĮðÆɮĮĴĴķĮȘ

}ìÐĊÐœ}īķÐăķÐɮăĮďÐĊìĊÆÐĮĴìÐ}īķÐăķÐTďĮðÆɮĨīďæīĉĴď

ðĊÆăķÌÐåďķīÌðĮĴðĊÆĴTďĮðÆăÐŒÐăĮșÐÆìåÐĴķīðĊæTďĮðÆĮðæĊĴķīÐ

ĨÐīāĊÌĊÌÌðĴðďĊăTďĮðÆĨÐīāřďķĨðÆāȘ

ÐÆķīīÐĊĴăřìŒÐÆďȭÅīĊÌÐÌăďřăĴřÆīÐÌðĴÆīÌĮŒðăÅăÐĴď

ÐăðæðÅăÐȘwȘīÐĮðÌÐĊĴĮșĮœÐăăĮÆďȭÅīĊÌæīÐÐĉÐĊĴĮðĊqķÐīĴď

tðÆďĊÌĴìÐ#ďĉðĊðÆĊtÐĨķÅăðÆĴďăăďœÆīÌìďăÌÐīĮĴďÐīĊ

}īķÐăķÐɮĨďðĊĴĮȘZķīÆďȭÅīĊÌÐÌÆīÐÌðĴÆīÌĮðĊĴìÐĊðĴÐÌwĴĴÐĮ

īÐðĮĮķÐÌðĊĨīĴĊÐīĮìðĨœðĴìīÆăřÆīÌɮďĊĴìÐTĮĴÐīīÌɮ

ĊÐĴœďīāȘÐăĮďìŒÐÆďȭÅīĊÌÐÌăďřăĴřÆīÐÌðĴÆīÌĮðĮĮķÐÌ

ÅřĊÆďqďĨķăīÌÐqķÐīĴďtðÆďĊÌTĮĴÐīīÌɮðĊqķÐīĴď

tðÆďĮœÐăăĮĊÆďqďĨķăī#ďĉðĊðÆĊďĊÌTĮĴÐīīÌɮðĊ

ĴìÐ#ďĉðĊðÆĊtÐĨķÅăðÆȘ}ìÐĮÐÆīÐÌðĴÆīÌĮăăďœÆķĮĴďĉÐīĮðĊ

qķÐīĴďtðÆďĊÌĴìÐ#ďĉðĊðÆĊtÐĨķÅăðÆĴďĴāÐåķăăÌŒĊĴæÐ

ďåďķī}īķÐăķÐɮăďřăĴřĨīďæīĉȘAĊĉðÌÌăÐďåǡǟǡǢșœÐÐŘĨÐÆĴ

ĴďðĊĴīďÌķÆÐÐĊìĊÆÐĉÐĊĴĮĴďďķīÆďȭÅīĊÌÐÌÆīÐÌðĴÆīÌĮȘ

LÐĴăķÐqăķĮīÌĉÐĉÅÐīĮœðăăÅÐÅăÐĴďÐĊþďřqďðĊĴĮqřÅÆāș

œìðÆìœðăăăăďœĴìÐĉĴďīÐÌÐÐĉĨďðĊĴĮĴďĨřĴìÐĉĮÐăŒÐĮÅÆā

åīďĉĨķīÆìĮÐĮďåɄǡǤĊÌķĨȘAĊÌÌðĴðďĊșLÐĴăķÐÅķĮðĊÐĮĮÆīÌ

ĉÐĉÅÐīĮœðăăÐĊþďřÐīăřÅďīÌðĊæďĊLÐĴăķÐȭďĨÐīĴÐÌŦðæìĴĮȘ

ÐìŒÐŒīðďķĮæīÐÐĉÐĊĴĮœðĴìďĴìÐīăďřăĴřĨīĴĊÐīĮșðĊÆăķÌðĊæ

ťĊĊÆðăðĊĮĴðĴķĴðďĊĮșìďĴÐăĮșĊÌÆīīÐĊĴăÆďĉĨĊðÐĮșĴìĴăăďœ

ĴìÐðīÆķĮĴďĉÐīĮĴďÐīĊ}īķÐăķÐɮĨďðĊĴĮĴìīďķæìĨīĴðÆðĨĴðďĊ

ðĊďķīĨīĴĊÐīĮȸĨīďæīĉĮȘÐðĊĴÐĊÌĴďÆďĊĴðĊķÐĴďÌÐŒÐăďĨĴìÐ

åďďĴĨīðĊĴďåďķīÆďȭÅīĊÌÐÌÆīÐÌðĴÆīÌĮĊÌĨķīĮķÐďĴìÐīăďřăĴř

ĨīĴĊÐīĮìðĨĮðĊĴìÐåķĴķīÐȘ

7JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}A|

A}'TǠɁwAU'ww

Operations and Cost Structure

>ðĮĴďīðÆăăřșďķīÆďĮĴĮĴīķÆĴķīÐìĮăăďœÐÌķĮĴďĨīðÆÐåīÐĮăďœÐī

ĴìĊĉĊřďåďķīÆďĉĨÐĴðĴďīĮĊÌœĮĨīðĊÆðĨăīÐĮďĊåďīďķī

ĨīďťĴÅăÐæīďœĴìĨīðďīĴďĴìÐďĊĮÐĴďåĴìÐZA#ȭǠǨĨĊÌÐĉðÆ

ðĊǡǟǡǟȘZķīÆďĮĴÌŒĊĴæÐīÐăĴðŒÐĴďĮďĉÐďåďķīÆďĉĨÐĴðĴďīĮ

œĮÌķÐĴďșĉďĊæďĴìÐīåÆĴďīĮșìðæìðīÆīåĴķĴðăðšĴðďĊșĊÐœ

ĊÌÐååðÆðÐĊĴðīÆīåĴșīÐăĴðŒÐăřăďœÌðĮĴīðÅķĴðďĊÆďĮĴĮșĊÌ

ĨīďÌķÆĴðŒÐœďīāåďīÆÐȘÐÆķĮÐďķīĊÐĴœďīāðĊðĴðĴðŒÐĮĊÌæīďœĴì

ĨăĊĮīÐĪķðīÐăďœÆďĮĴĨăĴåďīĉșœÐĮĴīðŒÐĴďĮĴřåďÆķĮÐÌďĊ

ďķīÆďĉĨÐĴðĴðŒÐÆďĮĴĮșďĨÐīĴðďĊăÐŘÆÐăăÐĊÆÐșĊÌÐŨÆðÐĊÆř

ðĉĨīďŒÐĉÐĊĴĮȘÐœðăăīÐĉðĊĊðĉÅăÐĊÌÐŘĨÐÆĴĴďæÐĊÐīĴÐ

ĮĴīďĊæĉīæðĊĮœðĴìĴìÐÆďĊĴðĊķÐÌĨīďæīÐĮĮďĊďķīĮĴīķÆĴķīă

ÆďĮĴĨīďæīĉȘ

Route Structure

LÐĴăķÐȸĮ ĨďðĊĴȭĴďȭĨďðĊĴĮřĮĴÐĉ ðĮ ĴìÐ åďķĊÌĴðďĊ ďå ďķī

ďĨÐīĴðďĊăĮĴīķÆĴķīÐșœðĴìǨǢɦďåďķīīďķĴÐĮĴďķÆìðĊæĴăÐĮĴ

ďĊÐďåďķīĮðŘåďÆķĮÆðĴðÐĮȘ}ìðĮĮĴīķÆĴķīÐăăďœĮķĮĴďďĨĴðĉðšÐ

ÆďĮĴĮĮœÐăăĮÆÆďĉĉďÌĴÐÆķĮĴďĉÐīĮȸĨīÐåÐīÐĊÆÐåďīĊďĊĮĴďĨ

ðĴðĊÐīīðÐĮȘŒĮĴĉþďīðĴřďåďķīďĨÐīĴðďĊĮīÐÆÐĊĴÐīÐÌðĊĴìÐ

ìÐŒðăřĨďĨķăĴÐÌĊďīĴìÐĮĴÆďīīðÌďīďåĴìÐȘwȘșœìðÆìðĊÆăķÌÐĮ

ĴìÐUÐœďīāĊÌďĮĴďĊĉÐĴīďĨďăðĴĊīÐĮȘ}ìðĮðīĮĨÆÐðĮ

ĮďĉÐďåĴìÐœďīăÌȸĮĉďĮĴÆďĊæÐĮĴÐÌĊÌÌīðŒÐĮÆÐīĴðĊďĨÐīĴðďĊă

constraints.

■ New York metropolitan area -ÐīÐUÐœďīāȸĮ>ďĉÐĴďœĊ

ðīăðĊÐɮȘĨĨīďŘðĉĴÐăřďĊÐȭìăåďåďķīŦðæìĴĮďīðæðĊĴÐåīďĉ

ďīīÐÌÐĮĴðĊÐÌåďīĴìÐUÐœďīāĉÐĴīďĨďăðĴĊīÐȘL9NðĮUÐœ

ďīāȸĮăīæÐĮĴðīĨďīĴșĊÌœÐīÐĴìÐăīæÐĮĴðīăðĊÐĴL9NĮ

ĉÐĮķīÐÌÅřÌďĉÐĮĴðÆĮÐĴĮȘZķīǡǟǡǡďĨÐīĴðďĊĮÆÆďķĊĴÐÌ

åďīǢǨɦďåĮÐĴĮďååÐīÐÌďĊÌďĉÐĮĴðÆīďķĴÐĮåīďĉL9NȘĴĴìÐ

ÐĊÌďåǡǟǡǡșœÐĮÐīŒÐÌǧǨĊďĊĮĴďĨÌÐĮĴðĊĴðďĊĮåīďĉL9NȘ

UÐœLÐīĮÐřȸĮUÐœīāOðÅÐīĴřAĊĴÐīĊĴðďĊăðīĨďīĴșďīUÐœīāș

UÐœɁďīāðĴřȸĮO:ķīÌððīĨďīĴșďīO:ķīÌðșĊÌUÐœďīāȸĮ

ÐĮĴÆìÐĮĴÐīďķĊĴřðīĨďīĴșďīìðĴÐqăðĊĮȘAĊǡǟǡǢșĴìīďķæì

ĴìÐU'œðĴìĉÐīðÆĊșœÐÐŘĨÐÆĴĴďďååÐīĊÐīăřǤǟǟÌðăř

ÌÐĨīĴķīÐĮðĊUÐœďīāȘ

■ Boston -ÐīÐĴìÐăīæÐĮĴÆīīðÐīĴďĮĴďĊĉÐĮķīÐÌÅř

ÌďĉÐĮĴðÆĮÐĴĮȘĴĴìÐÐĊÌďåǡǟǡǡșœÐåăÐœĴďǦǣĊďĊĮĴďĨ

ÌÐĮĴðĊĴðďĊĮåīďĉďĮĴďĊĊÌďķīďĨÐīĴðďĊĮÆÆďķĊĴÐÌåďī

ǡǧɦďåăăĮÐĴĮďååÐīÐÌðĊďĮĴďĊȘÐÅÐæĊĮÐīŒðÆÐÅÐĴœÐÐĊ

ďĮĴďĊĊÌOďĊÌďĊðĊķæķĮĴǡǟǡǡȘ}ďæÐĴìÐīœðĴìĉÐīðÆĊș

ĴìÐU'œðăăďååÐīĊÐīăřǡǟǟÌðăřÌÐĨīĴķīÐĮĴďĮĴďĊȘ

■ Caribbean and Latin America - ĴĴìÐÐĊÌďåǡǟǡǡșœÐìÌ

ǢǧăķÐðĴðÐĮðĊĴìÐīðÅÅÐĊĊÌOĴðĊĉÐīðÆȘwĊLķĊș

qķÐīĴďtðÆďðĮďķīďĊăřåďÆķĮÆðĴřďķĴĮðÌÐďåĴìÐďĊĴðĊÐĊĴăȘwȘ

ÐīÐăÐÌðĊæÆīīðÐīðĊqķÐīĴďtðÆďĮÐīŒðĊæĴìīÐÐðīĨďīĴĮ

ĊÌǠǨĊďĊĮĴďĨÌÐĮĴðĊĴðďĊĮȘÐīÐăĮďĴìÐăīæÐĮĴðīăðĊÐðĊ

ĴìÐ#ďĉðĊðÆĊtÐĨķÅăðÆșĮÐīŒðĊæåďķīðīĨďīĴĮĊÌǠǦĊďĊĮĴďĨ

ÌÐĮĴðĊĴðďĊĮȘ

■ Fort Lauderdale-Hollywood -ÐīÐăÐÌðĊæ ÆīīðÐī Ĵ

9ďīĴOķÌÐīÌăÐȭ>ďăăřœďďÌAĊĴÐīĊĴðďĊăðīĨďīĴșďī9ďīĴ

OķÌÐīÌăÐȭ>ďăăřœďďÌșœðĴìĨĨīďŘðĉĴÐăřǡǠɦďåăăĮÐĴĮ

ďååÐīÐÌðĊǡǟǡǡȘÐĮÐīŒÐÌǤǤĊďĊĮĴďĨÌÐĮĴðĊĴðďĊĮåīďĉ

9ďīĴOķÌÐīÌăÐȭ>ďăăřœďďÌðĊǡǟǡǡȘAĊ9ÐÅīķīřǡǟǡǢșœÐ

ĊĊďķĊÆÐÌĊÐœĮÐīŒðÆÐÅÐĴœÐÐĊ9ďīĴOķÌÐīÌăÐȭ>ďăăřœďďÌ

ĊÌ}ăăìĮĮÐÐAĊĴÐīĊĴðďĊăðīĨďīĴÅÐæðĊĊðĊæðĊÐīăřǡǟǡǣȘ

åĴÐīĴìÐÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșœÐÐŘĨÐÆĴĴďīÐÆìĉďīÐ

ĴìĊǡǤǟŦðæìĴĮÌřĴ9ďīĴOķÌÐīÌăÐȭ>ďăăřœďďÌÅřǡǟǡǦȘ

■ Orlando -ÐīÐĴìÐĮðŘĴìăīæÐĮĴÆīīðÐīĉÐĮķīÐÌÅřĮÐĴĮĴ

ZīăĊÌďAĊĴÐīĊĴðďĊăðīĨďīĴșďīZīăĊÌďȘĴĴìÐÐĊÌďåǡǟǡǡș

œÐĮÐīŒÐÌǡǢĊďĊĮĴďĨÌÐĮĴðĊĴðďĊĮåīďĉZīăĊÌďĊÌďķī

ďĨÐīĴðďĊĮÆÆďķĊĴÐÌåďīǠǟɦďåăăĮÐĴĮďååÐīÐÌðĊZīăĊÌď

ðĊǡǟǡǡȘ

■ Los Angeles area - ÐīÐĴìÐĮÐŒÐĊĴìăīæÐĮĴÆīīðÐīðĊĴìÐOďĮ

ĊæÐăÐĮīÐĉÐĮķīÐÌÅřĮÐĴĮșďĨÐīĴðĊæåīďĉOďĮĊæÐăÐĮ

AĊĴÐīĊĴðďĊăðīĨďīĴșďīOșķīÅĊāȸĮďÅ>ďĨÐðīĨďīĴďī

ķīÅĊāșĊÌZĊĴīðďAĊĴÐīĊĴðďĊăðīĨďīĴďīZĊĴīðďȘAĊǡǟǡǡș

œÐÆďĊĴðĊķÐÌĴďæīďœďķīĨīÐĮÐĊÆÐðĊĴìÐOďĮĊæÐăÐĮīÐșĴ

ÅďĴìOĊÌķīÅĊāȘAĊÆīÐĮÐÌĮÐīŒðÆÐĮĴďL9NĊÌďĮĴďĊ

ĉÌÐķĨĮðæĊðťÆĊĴĨīĴďåĴìðĮæīďœĴìȘĴĴìÐÐĊÌďåǡǟǡǡșœÐ

ĮÐīŒÐÌǡǢĊďĊĮĴďĨÌÐĮĴðĊĴðďĊĮåīďĉOĊÌďķīďĨÐīĴðďĊĮ

ÆÆďķĊĴÐÌåďīǤɦďåăăĮÐĴĮďååÐīÐÌðĊǡǟǡǡȘ

ZķīĨÐāăÐŒÐăĮďåĴīŨÆďŒÐīĴìÐÆďķīĮÐďåĴìÐĴřĨðÆăřÐīŒīřÅř

īďķĴÐȘ}ìÐ'ĮĴďĮĴĴď9ăďīðÌȥīðÅÅÐĊīďķĴÐĮĴřĨðÆăăřĨÐā

åīďĉZÆĴďÅÐīĴìīďķæìĨīðăĊÌĴìÐÐĮĴďĮĴīďķĴÐĮĴřĨðÆăăř

ĨÐāðĊĴìÐĮķĉĉÐīĉďĊĴìĮȘ:ÐĊÐīăăřĮĨÐāðĊæșĉĊřďåďķī

īÐĮďåďĨÐīĴðďĊĮðĊĴìÐUďīĴìÐĮĴÐŘĨÐīðÐĊÆÐĨďďīœðĊĴÐī

œÐĴìÐīÆďĊÌðĴðďĊĮșīÐĮķăĴðĊæðĊðĊÆīÐĮÐÌÆďĮĴĮĮĮďÆðĴÐÌ

œðĴìÌÐȭðÆðĊæðīÆīåĴșÆĊÆÐăðĊæåăðæìĴĮșĊÌÆÆďĉĉďÌĴðĊæ

ÌðĮĨăÆÐÌÆķĮĴďĉÐīĮȘTĊřďåďķī9ăďīðÌĊÌīðÅÅÐĊīďķĴÐĮ

ÐŘĨÐīðÐĊÆÐÅÌœÐĴìÐīÆďĊÌðĴðďĊĮðĊĴìÐĮķĉĉÐīĊÌåăăÌķÐ

ĴďĴìķĊÌÐīĮĴďīĉĮĊÌìķīīðÆĊÐĮȘĮœÐÐĊĴÐīĊÐœĉīāÐĴĮœÐ

ÆďķăÌÅÐĮķÅþÐÆĴĴďÌÌðĴðďĊăĮÐĮďĊăŒīðĴðďĊĮăďĊæœðĴì

ÆďĉĨÐĴðĴðŒÐīÐĮĨďĊĮÐĮÅřďĴìÐīðīăðĊÐĮȘ

8 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TǠɁwAU'ww

Fleet Structure

ÐÆķīīÐĊĴăřďĨÐīĴÐťŒÐĴřĨÐĮďåðīÆīåĴȚðīÅķĮǡǡǟșðīÅķĮǢǡǟșðīÅķĮǢǡǠșðīÅķĮǢǡǠĊÐďșĊÌ'ĉÅīÐī'ǠǨǟȘĮďå#ÐÆÐĉÅÐīɁǢǠș

ǡǟǡǡșďķīŦÐÐĴìÌĊŒÐīæÐæÐďåǠǡȘǣřÐīĮȘ

Aircraft Type

Number of seats on

aircraft

UķĉÅÐīďåðīÆīåĴðĊŦÐÐĴ

at December 31, 2022

ǡǡǟ Ǡǣǟ Ǡǣ

Ǣǡǟ ǠǤǟ ǠǠ

ǢǡǟtÐĮĴřăÐÌ

ȧǠȨ

Ǡǥǡ ǠǠǨ

ǢǡǠ ǡǟǟ ǡǧ

ǢǡǠœðĴìTðĊĴɮ ǠǤǨ ǢǤ

ǢǡǠĊÐď

ǡǟǟ Ǡǥ

ǢǡǠĊÐďœðĴìTðĊĴɮ Ǡǥǟ ǡ

ǢǡǠĊÐďOtœðĴìTðĊĴɮ

ǠǢǧ Ǥ

'ĉÅīÐī'ǠǨǟ

ȧǡȨ

Ǡǟǟ ǥǟ

TOTAL 290

(1) Our restyle program, which was completed in the first quarter of 2022, allowed us to increase capacity in a capital-efficient and customer-focused way.

(2) As of December 31, 2022 we parked 9 of these aircraft.

}ìÐīÐăðÅðăðĴřďåďķīŦÐÐĴðĮÐĮĮÐĊĴðăĴďÐĊĮķīðĊæďķīďĨÐīĴðďĊĮ

īķĊÐŨÆðÐĊĴăřĊÌœÐīÐÆďĊĴðĊķăăřœďīāðĊæœðĴìďķīðīÆīåĴĊÌ

ÐĊæðĊÐĉĊķåÆĴķīÐīĮĴďÐĊìĊÆÐďķīĨÐīåďīĉĊÆÐȘ

Fleet Maintenance

ďĊĮðĮĴÐĊĴœðĴìďķīÆďīÐŒăķÐďåĮåÐĴřșďķī9ÐÌÐīăŒðĴðďĊ

ÌĉðĊðĮĴīĴðďĊșďī9ȭĨĨīďŒÐÌĉðĊĴÐĊĊÆÐĨīďæīĉĮīÐ

ÌĉðĊðĮĴÐīÐÌÅřďķīĴÐÆìĊðÆăďĨÐīĴðďĊĮÌÐĨīĴĉÐĊĴȘÐ

ķĮÐĪķăðåðÐÌĉðĊĴÐĊĊÆÐĨÐīĮďĊĊÐăĊÌÐĊĮķīÐĴìÐřìŒÐ

ÆďĉĨīÐìÐĊĮðŒÐĴīðĊðĊæȘÐĉðĊĴðĊďķīðīÆīåĴĊÌĮĮďÆðĴÐÌ

ĉðĊĴÐĊĊÆÐīÐÆďīÌĮðĊÆÆďīÌĊÆÐœðĴìșðåĊďĴÐŘÆÐÐÌðĊæș9

īÐæķăĴðďĊĮȘ

9ăÐÐĴĉðĊĴÐĊĊÆÐœďīāðĮÌðŒðÌÐÌðĊĴďĴìīÐÐÆĴÐæďīðÐĮȚăðĊÐ

ĉðĊĴÐĊĊÆÐșìÐŒřĉðĊĴÐĊĊÆÐșĊÌÆďĉĨďĊÐĊĴĉðĊĴÐĊĊÆÐȘ

}ìÐ Åķăā ďå ďķī ăðĊÐ ĉðĊĴÐĊĊÆÐ ðĮ ìĊÌăÐÌ Åř LÐĴăķÐ

ĴÐÆìĊðÆðĊĮĊÌðĊĮĨÐÆĴďīĮȘAĴÆďĊĮðĮĴĮďåĮÐīŒðÆÐÆìÐÆāĮșðĊĴÐīðďī

ĉðĊĴÐĊĊÆÐșœÐÐāăřÆìÐÆāĮșĨìĮÐÌȵȶÆìÐÆāĮĊÌȵȶÆìÐÆāĮș

ăďĊæœðĴìĨÐīðďÌðÆÌðæĊďĮĴðÆĮșīďķĴðĊÐīÐĨðīĮșĊÌĊďĊȭīďķĴðĊÐ

component replacements.

>ÐŒřĉðĊĴÐĊĊÆÐ ÆìÐÆāĮșďī ÅĮÐ ĉðĊĴÐĊĊÆÐșÆďĊĮðĮĴ

ďåĮÐīðÐĮďåĉďīÐÆďĉĨăÐŘĉðĊĴÐĊĊÆÐșĉďÌðåðÆĴðďĊșĊÌ

ðĊĮĨÐÆĴðďĊĴĮāĮĴāðĊæåīďĉďĊÐĴďĮðŘœÐÐāĮĴďÆďĉĨăÐĴÐĊÌ

īÐĴřĨðÆăăřĨÐīåďīĉÐÌďĊÆÐÐŒÐīřǡǣȭǢǥĉďĊĴìĮȘăăďåďķī

ðīÆīåĴìÐŒřĉðĊĴÐĊĊÆÐœďīāðĮĨÐīåďīĉÐÌÅřĴìðīÌĨīĴř

9ȭÐīĴðťÐÌtÐĨðīwĴĴðďĊĮĊÌīÐĮķÅþÐÆĴĴďÌðīÐÆĴďŒÐīĮðæìĴ

ÅřLÐĴăķÐĨÐīĮďĊĊÐăȘÐďķĴĮďķīÆÐìÐŒřĉðĊĴÐĊĊÆÐĮĴìÐ

ÆďĮĴĮīÐăďœÐīĴìĊðåœÐœÐīÐĴďĨÐīåďīĉĴìÐĴĮāĮðĊĴÐīĊăăřȘ

ďĉĨďĊÐĊĴĉðĊĴÐĊĊÆÐďĊÐĪķðĨĉÐĊĴĮķÆìĮÐĊæðĊÐĮșķŘðăðīř

ĨďœÐīķĊðĴĮșăĊÌðĊææÐīĮșĨķĉĨĮșĊÌŒðďĊðÆÆďĉĨķĴÐīĮīÐăă

ĨÐīåďīĉÐÌÅřĊķĉÅÐīďåÌðååÐīÐĊĴ9ȭÐīĴðťÐÌtÐĨðīwĴĴðďĊĮ

ĴìĴīÐĮķīŒÐðăăÐÌĊÌĨĨīďŒÐÌÅřLÐĴăķÐȘÐìŒÐťŘÐÌĨīðÆÐ

æīÐÐĉÐĊĴĮåďīĴìÐīÐĨðīșďŒÐīìķășĉďÌðťÆĴðďĊșĊÌăďæðĮĴðÆĮ

ďåďķīðīÅķĮðīÆīåĴÐĊæðĊÐĮȘÐìŒÐŦðæìĴìďķīæīÐÐĉÐĊĴĮ

åďīďķī'ĉÅīÐī'ǠǨǟșðīÅķĮǡǡǟșĊÌðīÅķĮǢǡǠĊÐďðīÆīåĴ

ÐĊæðĊÐĮȘTĊřďåďķīĉðĊĴÐĊĊÆÐĮÐīŒðÆÐæīÐÐĉÐĊĴĮīÐÅĮÐÌ

ďĊťŘÐÌÆďĮĴĨÐīŦðæìĴìďķīȘ}ìÐĮÐťŘÐÌÆďĮĴĮŒīřÅĮÐÌķĨďĊ

ĴìÐæÐďåĴìÐðīÆīåĴĊÌďĴìÐīďĨÐīĴðĊæåÆĴďīĮðĉĨÆĴðĊæĴìÐ

īÐăĴÐÌÆďĉĨďĊÐĊĴȘtÐĪķðīÐÌĉðĊĴÐĊĊÆÐĊďĴďĴìÐīœðĮÐÆďŒÐīÐÌ

ÅřĴìÐĮÐæīÐÐĉÐĊĴĮðĮĨÐīåďīĉÐÌďĊĴðĉÐĊÌĉĴÐīðăĮÅĮðĮȘ

ăăďĴìÐīĉðĊĴÐĊĊÆÐÆĴðŒðĴðÐĮīÐĮķÅȭÆďĊĴīÆĴÐÌĴďĪķăðťÐÌ

ĉðĊĴÐĊĊÆÐșīÐĨðīșĊÌďŒÐīìķăåÆðăðĴðÐĮȘ

Aircraft Fuel

ðīÆīåĴåķÐăÆďĊĴðĊķÐĮĴďÅÐďĊÐďåďķīăīæÐĮĴÐŘĨÐĊĮÐĮȘqīðÆÐìĮ

ÅÐÐĊÐŘĴīÐĉÐăřŒďăĴðăÐÌķÐĴďæăďÅăÐÆďĊďĉðÆĊÌæÐďĨďăðĴðÆă

åÆĴďīĮœìðÆìœÐÆĊĊÐðĴìÐīÆďĊĴīďăĊďīÆÆķīĴÐăřĨīÐÌðÆĴȘZķī

ǡǟǡǡåķÐăÆďĊĮķĉĨĴðďĊðĊÆīÐĮÐÌÅřǡǠȘǟɦÆďĉĨīÐÌĴďǡǟǡǠ

ÌķÐĴďìðæìÐīÆĨÆðĴřðĊǡǟǡǡĮÌÐĉĊÌåďīĴīŒÐăīÐĴķīĊÐÌșĊÌ

ďķīŒÐīæÐĨīðÆÐĨÐīæăăďĊðĊÆīÐĮÐÌǦǨɦÆďĉĨīÐÌĴďǡǟǡǠȘ

ZķīìðĮĴďīðÆăåķÐăÆďĊĮķĉĨĴðďĊĊÌÆďĮĴĮåďīĴìÐřÐīĮÐĊÌÐÌ

#ÐÆÐĉÅÐīɁǢǠœÐīÐȚ

2022 2021 2020

:ăăďĊĮÆďĊĮķĉÐÌȧĉðăăðďĊĮȨ ǧǣǡ ǥǨǥ ǣǠǡ

}ďĴăÆďĮĴȧĉðăăðďĊĮȨ

ȧǠȨ

Ʉ ǢșǠǟǤ Ʉ ǠșǣǢǥ Ʉ ǥǢǠ

ŒÐīæÐĨīðÆÐĨÐīæăăďĊ

ȧǠȨ

Ʉ ǢȘǥǨ Ʉ ǡȘǟǥ Ʉ ǠȘǤǢ

qÐīÆÐĊĴďåďĨÐīĴðĊæÐŘĨÐĊĮÐĮ  ǢǡȘǧɦ ǡǢȘǤɦ ǠǢȘǤɦ

(1) Total cost and average price per gallon each include related fuel taxes as well as effective fuel hedging gains and losses.

9JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}A|

A}'TǠɁwAU'ww

ÐĴĴÐĉĨĴĴďĨīďĴÐÆĴďķīĮÐăŒÐĮæðĊĮĴĴìÐŒďăĴðăðĴřďååķÐă

ĨīðÆÐĮÅřÐĊĴÐīðĊæðĊĴďŒīðÐĴřďåÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴĮȘ}ìÐĮÐ

ðĊÆăķÌÐÆăăĮĨīÐÌďĨĴðďĊĮșÆăăďĨĴðďĊĮșĮœĨĮșÆĨĮșÆďăăīĮșĊÌ

ÅĮðĮĮœĨĮœðĴìķĊÌÐīăřðĊæĮďåþÐĴåķÐășÆīķÌÐșĊÌìÐĴðĊæďðăȘ

Financial Health

ĮœÐÆďĊĴðĊķÐÌĴďīÐÆďŒÐīåīďĉĴìÐZA#ȭǠǨĨĊÌÐĉðÆșœÐ

ĉÌÐæīÐĴĮĴīðÌÐĮĴďœīÌĮīÐĨðīðĊæďķīÅăĊÆÐĮìÐÐĴșìŒðĊæ

ĨðÌÌďœĊĨĨīďŘðĉĴÐăřɄǢǤǨĉðăăðďĊďåÌÐÅĴÅÐĴœÐÐĊǡǟǡǠĊÌ

ǡǟǡǡȘÐăĮďīÐĉðĊŒÐīřåďÆķĮÐÌďĊĉðĊĴðĊðĊæìÐăĴìř

ăðĪķðÌðĴřÅăĊÆÐșÐĊÌðĊæĴìÐřÐīœðĴìɄǠȘǥÅðăăðďĊȘZķīÅăĊÆÐ

ĮìÐÐĴīÐĉðĊĮďĊÐďåĴìÐðĊÌķĮĴīřȸĮĮĴīďĊæÐĮĴœðĴìĊÌþķĮĴÐÌ

ÌÐÅĴĴďÆĨðĴăīĴðďďåǤǡɦȘÐœÐīÐÅăÐĴďăÐŒÐīæÐĴìÐĮĴīÐĊæĴì

ďåďķīÅăĊÆÐĮìÐÐĴĊÌķĊÐĊÆķĉÅÐīÐÌĮĮÐĴÅĮÐĴďĮÐÆķīÐĴìÐ

åķĊÌðĊæĴďĮķĨĨďīĴĴìÐwĨðīðĴÆĪķðĮðĴðďĊȘ

AĊǡǟǡǡșœÐæÐĊÐīĴÐÌĨĨīďŘðĉĴÐăřɄǢǦǨĉðăăðďĊðĊÆĮìåīďĉ

ďĨÐīĴðďĊĮșīÐĮķăĴðĊæðĊĨĨīďŘðĉĴÐăřɄǤǣǣĉðăăðďĊðĊĊÐæĴðŒÐ

åīÐÐÆĮìåăďœȘÐăĮďīÐÌķÆÐÌďķīĴďĴăÌÐÅĴÅăĊÆÐÅř

ɄǢǤǨɁĉðăăðďĊåīďĉɄǣȘǟÅðăăðďĊĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǠĴďɄǢȘǥÅðăăðďĊ

Ĵ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ}ìÐĊÐĴÅďďāŒăķÐďåďķīĮĮÐĴĮĨăÐÌæÐÌș

ďīÆďĉĉðĴĴÐÌĴďÅÐĨăÐÌæÐÌșĮĮÐÆķīðĴřķĊÌÐīŒīðďķĮťĊĊÆðĊæ

īīĊæÐĉÐĊĴĮðĊÆīÐĮÐÌÅřɄǣǦǟɁĉðăăðďĊåīďĉɄǤȘǦÅðăăðďĊĴ

#ÐÆÐĉÅÐīǢǠșǡǟǡǠĴďɄǥȘǡÅðăăðďĊĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

JetBlue Ventures

LÐĴăķÐ}ÐÆìĊďăďæřÐĊĴķīÐĮșOOșȧȵLÐĴăķÐÐĊĴķīÐĮȶȨďī

ȧȵLȶȨðĮœìďăăřďœĊÐÌĮķÅĮðÌðīřďåLÐĴăķÐȘLðĊŒÐĮĴĮðĊ

ĊÌĨīĴĊÐīĮœðĴìÐīăřĮĴæÐĮĴīĴķĨĮœðĴìæďăĮďåðĉĨīďŒðĊæ

ĴìÐĴīŒÐășìďĮĨðĴăðĴřșĊÌĴīĊĮĨďīĴĴðďĊðĊÌķĮĴīðÐĮȘ

}ìÐðĊŒÐĮĴĉÐĊĴåďÆķĮďåLðĮĮåďăăďœĮȚ

■ Seamless Customer Journey:wďăķĴðďĊĮĴìĴÅīðæìĴÐĊĴìÐ

þďķīĊÐřĊÌÐĊÅăÐĮÐĉăÐĮĮĴīŒÐăÐŘĨÐīðÐĊÆÐĴìīďķæìďķĴ

ÐŒÐīřĨīĴďåĴìÐÆķĮĴďĉÐīȸĮĴīðĨȘ

■ Reimagining the Accommodation Experience:'ŒďăķĴðďĊĮðĊ

ìďĮĨðĴăðĴřșðĊÆăķÌðĊæăĴÐīĊĴðŒÐÆÆďĉĉďÌĴðďĊĮșĊÌĴìÐ

ķĊÌÐīăřðĊæĨīďÌķÆĴĮĊÌĮÐīŒðÆÐĮĴìĴĨďœÐīĴìÐðĊÌķĮĴīřȘ

■ Next-Generation Aviation Operations and Enterprise Tech:

AĊĊďŒĴðďĊĮĴìĴÐĊìĊÆÐĮåÐĴřșðĉĨīďŒÐďĨÐīĴðďĊĮșĊÌÌīðŒÐ

ÐĊĴÐīĨīðĮÐȭœðÌÐÐŨÆðÐĊÆðÐĮȘ

■ Innovation in Loyalty, Distribution, and Revenue:}ÐÆìĊďăďæðÐĮ

ĴìĴĨÐīĮďĊăðšÐĊÌÌðŒÐīĮðåřÆďĉĉÐīÆÐșĮðĉĨăðåřĨřĉÐĊĴĮș

ĊÌðĉĨīďŒÐīÐŒÐĊķÐďĨĨďīĴķĊðĴðÐĮȘ

■ Sustainable Travel:ÌŒĊÆÐÌĉÐĴìďÌĮďåĉÐĮķīðĊæĊÌ

īÐÌķÆðĊæÐĉðĮĮðďĊĮșðĉĨīďŒÐÌÐĊŒðīďĊĉÐĊĴăĨīďĴÐÆĴðďĊĮș

ĊÌæĉÐȭÆìĊæðĊæĴīĊĮĨďīĴĴðďĊĨďœÐīÐÌÅřăĴÐīĊĴðŒÐ

propulsion systems.

JetBlue Travel Products

LÐĴăķÐ}īŒÐăqīďÌķÆĴĮșOO ȧȵL}qȶȨðĮ œìďăăřďœĊÐÌ

ĮķÅĮðÌðīřďåLÐĴăķÐȘðĴìðĊL}qðĮďķīLÐĴăķÐÆĴðďĊĮɮ

ÅīĊÌåďīìďĴÐăďīÆīķðĮÐĨÆāæÐĮșĊÌďĴìÐīĊďĊȭðīĴīŒÐă

ĨīďÌķÆĴĮĮķÆìĮĴīŒÐăðĊĮķīĊÆÐșÆīīÐĊĴășăďÌæðĊæșĊÌ

ÆĴðŒðĴðÐĮȘðĴìðĴĮAĊĮĨðīĴðďĊÐĊĴÐīìÐÌĪķīĴÐīÐÌðĊ9ďīĴ

OķÌÐīÌăÐșœÐÅÐăðÐŒÐL}qœðăăĨăřĊðĉĨďīĴĊĴīďăÐðĊ

ÌÐăðŒÐīðĊæďķīŒðĮðďĊďåðĊĮĨðīðĊæìķĉĊðĴřșÐŘĴÐĊÌðĊæďķīīÐÆì

åķīĴìÐīÆīďĮĮĴìÐĴīŒÐăīðÅÅďĊĴďďååÐīÆķĮĴďĉÐīĮĊÐŒÐĊĉďīÐ

ĮÐĉăÐĮĮĴīŒÐăÐŘĨÐīðÐĊÆÐȘ

LÐĴăķÐÆĴðďĊĮɮďååÐīĮÆķĮĴďĉÐīĮĴìÐÅðăðĴřĴďĨÆāæÐ

LÐĴăķÐåăðæìĴĮœðĴììďĴÐăĮĊÌșĮďåZÆĴďÅÐīǡǟǡǠșÆīķðĮÐĮ

ðĊĴďĮðĊæăÐĴīðĨȘķĮĴďĉÐīĮīÐÆÐðŒÐĮŒðĊæĮåīďĉĨÆāæðĊæ

ÐŘĨÐīðÐĊÆÐĮșĮœÐăăĮĮÐīðÐĮďåķĊðĪķÐÅÐĊÐťĴĮăķĊÆìÐÌðĊ

ǡǟǡǟĴìĴðĊÆăķÌÐÐīăřÅďīÌðĊæșåīÐÐðĊŦðæìĴÌīðĊāĮșåīÐÐAĊĮðÌÐī

'ŘĨÐīðÐĊÆÐșÆÆÐĮĮĴďAqĨÐīāĮșĊÌŦÐŘðÅăÐĨřĉÐĊĴďĨĴðďĊĮȘ

AĊ#ÐÆÐĉÅÐīǡǟǡǡșœÐÐĊĴÐīÐÌĨīĴĊÐīĮìðĨœðĴìÅÐīșĴìīďķæì

œìðÆìÆķĮĴďĉÐīĮÅďďāðĊæĨÆāæÐĮĴďĮÐăÐÆĴÌÐĮĴðĊĴðďĊĮăĮď

īÐÆÐðŒÐåīÐÐīðÌÐÆīÐÌðĴȘ

AĊTīÆìǡǟǡǠșœÐðĊĴīďÌķÆÐÌqðĮăř

ÅřLÐĴăķÐɮȧȵqðĮăřȶȨș

ĴīŒÐăœÐÅĮðĴÐœìÐīÐÆķĮĴďĉÐīĮæÐĴÆÆÐĮĮĴďĮŒðĊæĮĊÌÐīĊ

}īķÐăķÐĨďðĊĴĮďĊÆīĮșìďĴÐăĮĴřĮșĊÌÆĴðŒðĴðÐĮȘqðĮăř

ÆďĉĨăÐĉÐĊĴĮĴìÐLÐĴăķÐÆĴðďĊĮɮÅīĊÌÅřåďÆķĮðĊæďĊ

ÆķĮĴďĉÐīĮăďďāðĊæĴďÅďďāÐÆìĴīŒÐăÆďĉĨďĊÐĊĴðĊÌðŒðÌķăăř

īĴìÐīĴìĊĮÅķĊÌăÐÌĨÆāæÐȘAĊLķĊÐǡǟǡǡșœÐĊĊďķĊÆÐÌ

ĊÐœÐĊìĊÆÐĉÐĊĴĮĴďqðĮăř

ðĊÆăķÌðĊæĨīďÆĴðŒÐÆķĮĴďĉÐī

ĮķĨĨďīĴșĊÐœÆĴðŒðĴðÐĮșðĊÆīÐĮÐÌðĊŒÐĊĴďīřďåĮĴřĮșĊÌĊÐœ

īÐåīÐĮìÐÌăďďāĊÌåÐÐăȘAĊ9ÐÅīķīřǡǟǡǢșœÐĊĊďķĊÆÐÌĊ

ķĨÌĴÐĴďqðĮăř

șďĨÐĊðĊæÆÆÐĮĮĴďăăĴīŒÐăÐīĮșĊďĴþķĮĴĴìďĮÐ

œðĴìLÐĴăķÐŦðæìĴȘ

AĊLķĊÐǡǟǡǡșœÐĊĊďķĊÆÐÌĉķăĴðȭřÐīĨīĴĊÐīĮìðĨÐŘĴÐĊĮðďĊ

œðĴìăăðĊšqīĴĊÐīĮwșĨīďŒðÌðĊæLÐĴăķÐÆķĮĴďĉÐīĮĴìÐÅðăðĴř

ĴďĨīďĴÐÆĴÅďĴìĴìÐðīŦðæìĴĮĊÌŒÆĴðďĊĨÆāæÐĮœðĴìĴīŒÐă

ðĊĮķīĊÆÐȘ}ìðĮĨīĴĊÐīĮìðĨœðăăĨīďŒðÌÐĮåÐĴřșĮÐÆķīðĴřșĊÌ

ĨÐÆÐďåĉðĊÌĴďďķīÆķĮĴďĉÐīĮȘ

AĊwÐĨĴÐĉÅÐīǡǟǡǡșœÐĊĊďķĊÆÐÌĴìÐăķĊÆìďå}īďķĨÐșåīÐÐ

ĊÌÆďăăÅďīĴðŒÐĴīðĨĨăĊĊðĊæĨĨăðÆĴðďĊÌÐĮðæĊÐÌĴďÐĮÐ

ĴìÐĮĴīÐĮĮďåĨăĊĊðĊæĴīðĨœðĴìăīæÐæīďķĨďååīðÐĊÌĮďī

åĉðăřȘÐÅÐăðÐŒÐ}īďķĨÐðĮĴìÐĊÐŘĴĮĴÐĨðĊÆīÐĴðĊæķĊðĪķÐĊÌ

ÌðååÐīÐĊĴðĴÐÌĴīŒÐăÐŘĨÐīðÐĊÆÐĮåďīďķīÆķĮĴďĉÐīĮȘ

JFK Terminal 6

AĊUďŒÐĉÅÐīǡǟǡǡșĴìÐqďīĴķĴìďīðĴřďåUÐœďīāĊÌUÐœ

LÐīĮÐřșďīqUULșÆĴðĊæĮăÐĮĮďīșÐĊĴÐīÐÌðĊĴďæīďķĊÌăÐĮÐ

æīÐÐĉÐĊĴœðĴìL9NTðăăÐĊĊðķĉqīĴĊÐīOOȧȵLTqȶȨșĨīðŒĴÐ

ÆďĉĨĊřďœĊÐÌÅřĊĴæÐðīĨďīĴ:īďķĨștttÐăĴřșĉÐīðÆĊ

}īðĨăÐAqīĴĊÐīĮșĊÌLÐĴăķÐșĴďåÆðăðĴĴÐĴìÐīÐÌÐŒÐăďĨĉÐĊĴ

ďå}ÐīĉðĊăǥĴL9NȘwðĉķăĴĊÐďķĮăřșĴìÐ:ďŒÐīĊďīďåĴìÐwĴĴÐ

ďåUÐœďīāĊÌĴìÐqUULĊĊďķĊÆÐÌĴìĴLTqìÌĮÐÆķīÐÌ

ĴìÐĊÐÆÐĮĮīřťĊĊÆðĊæĴďĉďŒÐåďīœīÌœðĴìĴìÐÆďĊĮĴīķÆĴðďĊ

ďåĴìÐĴÐīĉðĊăĨīďþÐÆĴȘLÐĴăķÐÅÐÆĉÐĉðĊďīðĴřðĊŒÐĮĴďīœðĴì

ǤɦðĊĴÐīÐĮĴðĊLTqðĊÐŘÆìĊæÐåďīĨīďŒðÌðĊæăÐĴĴÐīďåÆīÐÌðĴ

ðĊĴìÐĉďķĊĴďåɄǥǤĉðăăðďĊĴďþďðĊďķīĨīĴĊÐīĮðĊťĊĊÆðĊæș

ÌÐŒÐăďĨðĊæșĊÌďĨÐīĴðĊæĴìÐĊÐœ}ÐīĉðĊăǥȘďĊĮĴīķÆĴðďĊ

ĮĴīĴÐÌðĊÐīăřǡǟǡǢœðĴìĴìÐďĨÐĊðĊæďåĴìÐåðīĮĴĊÐœæĴÐĮ

ÐŘĨÐÆĴÐÌðĊǡǟǡǥĊÌĨīďþÐÆĴÆďĉĨăÐĴðďĊĮÆìÐÌķăÐÌĴďĴāÐĨăÆÐ

ðĊÐīăřǡǟǡǧȘ

10 JETBLUE AIRWAYS CORPORATION |

2022

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qt}A |

A}'TǠɁwAU'ww

TWA Flight Center Hotel

AĊǡǟǠǤșĴìÐɁďīÌďåďĉĉðĮĮðďĊÐīĮďåĴìÐqUULɁĨĨīďŒÐÌ

ÆďĊĮĴīķÆĴðďĊĨăĊĴďīÐÌÐŒÐăďĨĴìÐ}9ăðæìĴÐĊĴÐīĴL9NďĊ

ðĴĮĊÐīăřĮðŘȭÆīÐĮðĴÐðĊĴďìďĴÐăœðĴìďŒÐīǤǟǟīďďĉĮșĉÐÐĴðĊæ

ĮĨÆÐĮșīÐĮĴķīĊĴĮșĮĨșĊÌĊďÅĮÐīŒĴðďĊÌÐÆāȘĮĨīĴďå

ĴìÐĨăĊșǦǤȭřÐīăÐĮÐæīÐÐĉÐĊĴœĮÐĊĴÐīÐÌðĊĴďÅÐĴœÐÐĊ

ĴìÐqUULĊÌĴìÐ9ăðæìĴÐĊĴÐī>ďĴÐășOOșĨīĴĊÐīĮìðĨďå

Tt#ÐŒÐăďĨĉÐĊĴșOOĊÌLÐĴăķÐȘ}ìÐ}9ăðæìĴÐĊĴÐī>ďĴÐă

ďĨÐĊÐÌåďīÅķĮðĊÐĮĮðĊǡǟǠǨȘĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐìŒÐĊ

ĨĨīďŘðĉĴÐǠǟɦďœĊÐīĮìðĨðĊĴÐīÐĮĴðĊĴìÐìďĴÐăȘ

Human Capital Management

Our People and Culture

ÐÅÐăðÐŒÐďķīĮķÆÆÐĮĮÌÐĨÐĊÌĮďĊďķīÆīÐœĉÐĉÅÐīĮÌÐăðŒÐīðĊæ

ĴìÐLÐĴăķÐ'ŘĨÐīðÐĊÆÐðĊĴìÐĮāřĊÌďĊĴìÐæīďķĊÌȘZĊÐďåďķī

ÆďĉĨÐĴðĴðŒÐĮĴīÐĊæĴìĮðĮĮÐīŒðÆÐďīðÐĊĴÐÌÆķăĴķīÐæīďķĊÌÐÌðĊ

ďķīťŒÐāÐřŒăķÐĮȚĮåÐĴřșÆīðĊæșðĊĴÐæīðĴřșĨĮĮðďĊșĊÌåķĊȘÐ

ÅÐăðÐŒÐìðæìăřĨīďÌķÆĴðŒÐĊÌÐĊææÐÌœďīāåďīÆÐÐĊìĊÆÐĮ

ÆķĮĴďĉÐīăďřăĴřȘZķīæďăðĮĴďìðīÐșĴīðĊșĊÌīÐĴðĊÌðŒÐīĮÐ

œďīāåďīÆÐďåÆīðĊæșĨĮĮðďĊĴÐșåķĊșĊÌåīðÐĊÌăřĨÐďĨăÐœìď

ĮìīÐďķīĉðĮĮðďĊĴďðĊĮĨðīÐìķĉĊðĴřȘ

ÐťīĮĴðĊĴīďÌķÆÐďķīÆķăĴķīÐĴďĊÐœÆīÐœĉÐĉÅÐīĮÌķīðĊæĴìÐ

ĮÆīÐÐĊðĊæĨīďÆÐĮĮĊÌĴìÐĊĴĊÐŘĴÐĊĮðŒÐĊÐœìðīÐďīðÐĊĴĴðďĊ

ĨīďæīĉĴLÐĴăķÐĊðŒÐīĮðĴřșďķīĴīðĊðĊæÆÐĊĴÐīðĊZīăĊÌďȘ

ZīðÐĊĴĴðďĊåďÆķĮÐĮďĊĴìÐLÐĴăķÐĮĴīĴÐæřșÆķăĴķīÐĊÌŒăķÐĮș

ĊÌÐĉĨìĮðšÐĮĴìÐðĉĨďīĴĊÆÐďåĴÐĉœďīāșÆķĮĴďĉÐīĮÐīŒðÆÐș

ĨīďÌķÆĴðŒðĴřșĊÌÆďĮĴÆďĊĴīďăȘ}ìÐĮÐĨīďæīĉĮĨīďŒðÌÐĊ

ďĨĨďīĴķĊðĴřåďīÅďĴìÆīÐœĉÐĉÅÐīĮĊÌÐŘĴÐīĊăĨĨăðÆĊĴĮĴď

ĨķīĮķÐĨĴìĴďþďðĊðĊæLÐĴăķÐðĊďĊÐďåĴìÐĮÐÆīðĴðÆăīďăÐĮȘ

ZķīæīďœĴìĨăĊĮĊÐÆÐĮĮðĴĴÐĊÌåÆðăðĴĴÐďĨĨďīĴķĊðĴðÐĮåďī

ĴăÐĊĴÌÐŒÐăďĨĉÐĊĴȘ9ďīìðæìăřĮāðăăÐÌÆīÐÐīĮĮĨðăďĴĮĊÌðīÆīåĴ

ĉðĊĴÐĊĊÆÐĴÐÆìĊðÆðĊĮșœÐďååÐīĮķðĴÐďåðĊÌķĮĴīřȭăÐÌðĊæ

ÆīÐÐīÌÐŒÐăďĨĉÐĊĴĨīďæīĉĮāĊďœĊĮLÐĴăķÐ:ĴÐœřĮåďī

ÅďĴìÆīÐœĉÐĉÅÐīĮĊÌÐŘĴÐīĊăĨĨăðÆĊĴĮĴďĨķīĮķÐĨĴìĴď

ÅÐÆďĉðĊæĨðăďĴďīĉðĊĴÐĊĊÆÐĴÐÆìĊðÆðĊĴLÐĴăķÐȘ}ìÐīÐīÐ

ĮÐŒÐĊÌðĮĴðĊÆĴ:ĴÐœřÐÌķÆĴðďĊĊÌĴīðĊðĊæĨĴìĮȚ

■ Gateway University:ZĨÐĊĴďÆīÐœĉÐĉÅÐīĮĊÌÐŘĴÐīĊă

ĨĨăðÆĊĴĮș ĮĴķÌÐĊĴĮ Ĵ ŒðĴðďĊ ÆÆīÐÌðĴĴðďĊ ďīÌ

AĊĴÐīĊĴðďĊăÆÆīÐÌðĴÐÌĨīĴĊÐīÆďăăÐæÐĮĊÌķĊðŒÐīĮðĴðÐĮÆĊ

ÅÐÆďĉÐťīĮĴďŨÆÐīĮŒðĨīÐĮÆīðÅÐÌșĴðĉÐȭÅķðăÌðĊæĨĴìœřȘ

■ Gateway Select :ZĨÐĊĴďÆīÐœĉÐĉÅÐīĮĊÌÐŘĴÐīĊăĨĨăðÆĊĴĮș

ÆĊÌðÌĴÐĮœðĴìăðĴĴăÐďīĊďŦřðĊæÐŘĨÐīðÐĊÆÐÆĊÅÐÆďĉÐĨðăďĴĮ

åĴÐīīðæďīďķĮĴīðĊðĊæĊÌĴðĉÐȭÅķðăÌðĊæĨīďæīĉȘ

■ Gateway Direct - Flight Operations:ZĨÐĊĴďÆīÐœĉÐĉÅÐīĮďĊăřș

ĨīĴðÆðĨĊĴĮÆĊÌÐĨīĴďĊĨīÐĮÆīðÅÐÌÆďăăÐæÐÐÌķÆĴðďĊș

ĴīðĊðĊæșĊÌĴðĉÐȭÅķðăÌðĊæĨĴìœřœðĴìĨīĴĊÐīĮÆìďďăĊÌ

ðīăðĊÐĴďÅÐÆďĉðĊæĨðăďĴȘ

■ Gateway Flex - Flight Operations:ZĨÐĊĴďÆīÐœĉÐĉÅÐīĮďĊăřș

ĨīĴðÆðĨĊĴĮăďďāðĊæåďīåăÐŘðÅðăðĴřðĊÅÐÆďĉðĊæĨðăďĴÆĊ

ÆìďďĮÐĴìÐðīďœĊăďÆĴðďĊåďīĴīðĊðĊæĊÌĴðĉÐȭÅķðăÌðĊæœðĴìðĊ

ÌÐťĊÐÌåīĉÐœďīāȘ

■ Gateway Direct - Technical Operations:ZĨÐĊĴďÆīÐœĉÐĉÅÐīĮ

ďĊăřșĨīĴðÆðĨĊĴĮÐĊīďăăðĊÌÐťĊÐÌĴīðĊðĊæĊÌÐŘĨÐīðÐĊÆÐȭ

ÅķðăÌðĊæ ĨĴìœř Ĵď ÅÐÆďĉðĊæĊ ðīÆīåĴ ĉðĊĴÐĊĊÆÐ

ĴÐÆìĊðÆðĊȘ

■ Gateway Flex- Technical Operations:ZĨÐĊĴďÆīÐœĉÐĉÅÐīĮ

ďĊăřșĨīĴðÆðĨĊĴĮÆĊÌÐĨīĴĴìÐðīÆķīīÐĊĴĨďĮðĴðďĊĊÌĨķīĮķÐ

ŦÐŘðÅăÐĨĴìĴďÅÐÆďĉðĊæĊðīÆīåĴĉðĊĴÐĊĊÆÐĴÐÆìĊðÆðĊ

œðĴìðĊÌÐťĊÐÌåīĉÐœďīāȘ

■ Gateway Family: ZĨÐĊ Ĵď ðĉĉÐÌðĴÐ åĉðăř ďå ÆķīīÐĊĴ

ÆīÐœĉÐĉÅÐīĮșĨīĴðÆðĨĊĴĮÆĊĨĨăřĴďþďðĊ:ĴÐœř#ðīÐÆĴ

ĴďĴīðĊĴďÅÐÆďĉÐťīĮĴďŨÆÐīĴìīďķæìÌÐťĊÐÌÐÌķÆĴðďĊș

ĴīðĊðĊæșĊÌĴðĉÐȭÅķðăÌðĊæĨĴìȘ

AĊǡǟǡǠșœÐăķĊÆìÐÌĴœďÌÐŒÐăďĨĉÐĊĴĨīďæīĉĮåďÆķĮÐÌďĊ

ÆīÐĴðĊææīÐĴÐīÆÆÐĮĮĴďĮÐăÐÆĴÆīÐÐīĨĴìĮșåďĮĴÐīðĊæÐĪķðĴř

ÅřīÐĉďŒðĊæÅīīðÐīĮĴďÐĊĴīřĊÌðĊÆīÐĮðĊæīÐĨīÐĮÐĊĴĴðďĊðĊ

ĮÐĊðďīăÐÌÐīĮìðĨīďăÐĮȘZĊÐďåĴìÐĨīďæīĉĮșāĊďœĊĮLÐĴăķÐ

'ĉÐīæðĊæ}ăÐĊĴȧȵL'}ȶȨșďååÐīĮĨĴìœřåďīďķīåīďĊĴăðĊÐ

ďĨÐīĴðďĊăÆīÐœĉÐĉÅÐīĮĴďĴīĊĮðĴðďĊðĊĴďÆďīĨďīĴÐĮÐīŒðÆÐĮ

īďăÐĮœìðÆì ðĊÆăķÌÐĮìĊÌĮȭďĊ ÐŘĨÐīðÐĊÆÐș īďĴĴðďĊăþďÅ

ĨăÆÐĉÐĊĴĮșĊÌþďÅĨăÆÐĉÐĊĴĮĮðĮĴĊÆÐķĨďĊÆďĉĨăÐĴðďĊďå

ĴìÐĨīďæīĉȘÐœÐăÆďĉÐÌĴìÐťīĮĴÆďìďīĴďåǠǡĨīĴðÆðĨĊĴĮ

īďĴĴðĊæĴìīďķæìĴìÐďīæĊðšĴðďĊðĊǡǟǡǠșĊÌďķīĮÐÆďĊÌÆďìďīĴ

ÅÐæĊðĊLĊķīřɁǡǟǡǢȘZķīL'}ĨăĴåďīĉăĮďðĊÆăķÌÐĮĴœď

ÆďăăÐæÐȭăÐŒÐăðĊĴÐīĊĮìðĨĨīďæīĉĮȧĮĨīðĊæĊÌĮķĉĉÐīȨșĴìĴ

ĨīďŒðÌÐĮāðăăĊÌĨīďåÐĮĮðďĊăÌÐŒÐăďĨĉÐĊĴĴìīďķæìĨīĴðÆðĨĴðďĊ

ðĊÌÐŒÐăďĨðĊæīÐăȭœďīăÌÅķĮðĊÐĮĮĮďăķĴðďĊĮĴìĴĮķĨĨďīĴĴìÐ

ÌÐăðŒÐīřďåĮĴīĴÐæðÆÅķĮðĊÐĮĮðĊðĴðĴðŒÐĮȘ

}ìÐďĴìÐīĨīďæīĉșāĊďœĊĮ:ĴÐœř#ðīÐÆĴșœĮÌÌÐÌĴď

ďķīæīďœðĊæĮķðĴÐďåÌÐŒÐăďĨĉÐĊĴ:ĴÐœřĮĊÌĨīďŒðÌÐĮ

ďĨĨďīĴķĊðĴðÐĮĮĨÐÆðťÆăăřåďīÆīÐœĉÐĉÅÐīĮœðĴìĮĨðīĴðďĊĮ

ĴďĨķīĮķÐÆīÐÐīĮðĊŦðæìĴďĨÐīĴðďĊĮďīĴÐÆìĊðÆăďĨÐīĴðďĊĮȘ

:ĴÐœř#ðīÐÆĴœĮÌÐĮðæĊÐÌĴďÌÌīÐĮĮĉĊřďåĴìÐăīæÐĮĴ

ÅīīðÐīĮĴďÐĊĴīřåďīĴìÐĮÐÆīÐÐīĮĮķÆìĮťĊĊÆðĊæĊÌåÐīĮ

ďåăÐŒðĊæĴìÐðīÆķīīÐĊĴþďÅĴLÐĴăķÐșœìðăÐÌÌðĊæÆÐīĴðĊĴř

ĊÌÌÐťĊÐÌĨĴìœřĴďĴìÐĨīďÆÐĮĮȘAĊǡǟǡǡșœÐœÐăÆďĉÐÌ

ǡǠĮĴķÌÐĊĴĮðĊĴďďķī:ĴÐœř#ðīÐÆĴȭ9ăðæìĴZĨÐīĴðďĊĮĨīďæīĉ

ĊÌǡĮĴķÌÐĊĴĮðĊĴďďķī:ĴÐœř#ðīÐÆĴȭ}ÐÆìĊðÆăZĨÐīĴðďĊĮ

ĨīďæīĉȘ

ÐĨīďŒðÌÐÌÌðĴðďĊăĨīďåÐĮĮðďĊăĊÌăÐÌÐīĮìðĨÌÐŒÐăďĨĉÐĊĴ

ĨīďæīĉĮĴďÐăÐŒĴÐĴìÐĨÐīåďīĉĊÆÐĊÌĮķĨĨďīĴĴìÐÆīÐÐī

æīďœĴìďåďķīÆīÐœĉÐĉÅÐīĮȘÐďååÐīÅīďÌȭÅĮÐÌÆÆÐĮĮĴď

ăÐīĊðĊæĊÌÌÐŒÐăďĨĉÐĊĴĴìīďķæìďķīÐĊĴÐīĨīðĮÐăðÆÐĊĮÐåďī

OðĊāÐÌAĊăÐīĊðĊæșĨīďŒðÌðĊæďĊȭÌÐĉĊÌÆÆÐĮĮĴďďŒÐīǠǥșǟǟǟ

ĮāðăăȭÅĮÐÌďĊăðĊÐăÐīĊðĊæÆďķīĮÐĮȘ9ďīÆīÐœăÐÌÐīĮșœÐĨīďŒðÌÐ

ďķīqīðĊÆðĨăÐĮďåOÐÌÐīĮìðĨĨīďæīĉåďīĊÐœĊÌĊÐœăřĨīďĉďĴÐÌ

ăÐÌÐīĮĴăăăÐŒÐăĮșÐĊÅăðĊæĴìÐĉĴďăÐÌĴìÐðīĴÐĉĮÐååÐÆĴðŒÐăř

ĊÌķĮÐĴìÐðīăÐÌÐīĮìðĨīďăÐĴďĮķĮĴðĊďķīÆķăĴķīÐÅřăÐÌðĊæðĊ

ÆÆďīÌĊÆÐœðĴìLÐĴăķÐÆďĉĨĊřŒăķÐĮȘ9ďīĮÐĊðďīăÐÌÐīĮș

11JETBLUE AIRWAYS CORPORATION |

2022

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Ɂqt}A|

A}'TǠɁwAU'ww

œÐìďĮĴOÐÌÐīĮìðĨtďķĊÌĴÅăÐĮåďīÌðīÐÆĴďīȭăÐŒÐăĴăÐĊĴÆīďĮĮ

ĴìÐďīæĊðšĴðďĊĴďÅķðăÌīÐăĴðďĊĮìðĨĮœðĴìÐÆìďĴìÐīĊÌăĮď

œðĴìĴìÐwÐĊðďīOÐÌÐīĮìðĨ}ÐĉșåďÆķĮðĊæďĊāÐřĮĨÐÆĴĮďå

ăÐÌÐīĮìðĨĴďÐĊìĊÆÐĴìÐðīÐååÐÆĴðŒÐĊÐĮĮĊÌðĉĨÆĴȘ

ÐÅÐăðÐŒÐÌðīÐÆĴīÐăĴðďĊĮìðĨÅÐĴœÐÐĊÆīÐœĉÐĉÅÐīĮĊÌ

ďķīăÐÌÐīĮìðĨðĮðĊĴìÐÅÐĮĴðĊĴÐīÐĮĴĮďåďķīÆīÐœĉÐĉÅÐīĮș

ďķīÆķĮĴďĉÐīĮșĊÌďķīĮĴďÆāìďăÌÐīĮȘ'ŘÆÐĨĴåďīďķīĨðăďĴĮ

ĊÌðĊåăðæìĴÆīÐœĉÐĉÅÐīĮșďķīďĴìÐīåīďĊĴăðĊÐÆīÐœĉÐĉÅÐīĮ

ÌďĊďĴìŒÐĴìðīÌȭĨīĴřīÐĨīÐĮÐĊĴĴðďĊȘAĊǡǟǠǣșLÐĴăķÐĨðăďĴĮ

ÐăÐÆĴÐÌĴďÅÐīÐĨīÐĮÐĊĴÐÌÅřĴìÐðīOðĊÐqðăďĴĮĮĮďÆðĴðďĊșďī

OqȘ}ìÐUĴðďĊăTÐÌðĴðďĊďīÌșďīUTșÆÐīĴðåðÐÌOq

ĮĴìÐīÐĨīÐĮÐĊĴĴðŒÐåďīLÐĴăķÐĨðăďĴĮȘ}ìÐĨīĴðÐĮīÐÆìÐÌ

åðĊăæīÐÐĉÐĊĴåďīďķīåðīĮĴÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴ

œìðÆìœĮīĴðåðÐÌÅřĴìÐĨðăďĴĮðĊLķăřǡǟǠǧȘ}ìÐæīÐÐĉÐĊĴ

œĮåďīåďķīȭřÐīīÐĊÐœÅăÐÆďĊĴīÆĴÐååÐÆĴðŒÐķæķĮĴǠșǡǟǠǧȘ

AĊ9ÐÅīķīřǡǟǡǡșĴìÐĨīĴðÐĮÆďĉĉÐĊÆÐÌĊÐæďĴðĴðďĊĮåďī

ĮķÆÆÐĮĮďīÆďĊĴīÆĴșðĊÆÆďīÌĊÆÐœðĴìĴìÐÆďăăÐÆĴðŒÐÅīæðĊðĊæ

æīÐÐĉÐĊĴȘLÐĴăķÐĊÌOqīÐÆìÐÌĴÐĊĴĴðŒÐæīÐÐĉÐĊĴ

ȧȵ}ȶȨðĊĉðÌȭ#ÐÆÐĉÅÐīǡǟǡǡĴďÐŘĴÐĊÌĴìÐÆķīīÐĊĴÆďăăÐÆĴðŒÐ

ÅīæðĊðĊææīÐÐĉÐĊĴÅřĴœďřÐīĮțĴìÐ}œĮīĴðťÐÌÅřĴìÐ

LÐĴăķÐĨðăďĴĮðĊLĊķīřǡǟǡǢȘ

AĊĨīðăǡǟǠǧșLÐĴăķÐðĊåăðæìĴ ÆīÐœĉÐĉÅÐīĮÐăÐÆĴÐÌĴďÅÐ

īÐĨīÐĮÐĊĴÐÌÅřĴìÐ}īĊĮĨďīĴďīāÐīĮĊðďĊďåĉÐīðÆșďī}Ș

}ìÐUTÆÐīĴðťÐÌĴìÐ}ĮĴìÐīÐĨīÐĮÐĊĴĴðŒÐåďīLÐĴăķÐ

ðĊŦðæìĴÆīÐœĉÐĉÅÐīĮȘ}ìÐĨīĴðÐĮīÐÆìÐÌťĊăæīÐÐĉÐĊĴ

åďīĴìÐťīĮĴÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴœìðÆìœĮīĴðťÐÌ

ÅřďķīðĊŦðæìĴÆīÐœĉÐĉÅÐīĮðĊ#ÐÆÐĉÅÐīǡǟǡǠȘ}ìÐæīÐÐĉÐĊĴ

ðĮťŒÐȭřÐīșīÐĊÐœÅăÐÆďĊĴīÆĴÐååÐÆĴðŒÐ#ÐÆÐĉÅÐīǠǢșǡǟǡǠȘ

AĊwÐĨĴÐĉÅÐīǡǟǡǡșĴìÐAĊĴÐīĊĴðďĊăĮĮďÆðĴðďĊďåTÆìðĊðĮĴĮ

ĊÌÐīďĮĨÆÐďīāÐīĮťăÐÌåďīĊÐăÐÆĴðďĊĴďķĊðďĊðšÐďķīæīďķĊÌ

ďĨÐīĴðďĊĮÆīÐœĉÐĉÅÐīĮȘAĊ9ÐÅīķīřǡǟǡǢșďķīÆīÐœĉÐĉÅÐīĮ

ŒďĴÐÌĴďĉðĊĴðĊďķīÌðīÐÆĴīÐăĴðďĊĮìðĨīĴìÐīĴìĊÐăÐÆĴķĊðďĊȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșĨĨīďŘðĉĴÐăřǣǧɦďåďķīåķăăȭĴðĉÐ

ÐĪķðŒăÐĊĴÆīÐœĉÐĉÅÐīĮœÐīÐīÐĨīÐĮÐĊĴÐÌÅřķĊðďĊĮȘ}ìÐ

åďăăďœðĊæĴÅăÐĮÐĴĮåďīĴìďķīÆīÐœĉÐĉÅÐīæīďķĨĮĊÌĴìÐĮĴĴķĮ

ďåĴìÐðīīÐĮĨÐÆĴðŒÐÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴĮȘ

Crewmember Group Representative Crewmembers

(1)

Amendable Date

(2)

qðăďĴĮ ðīOðĊÐqðăďĴĮĮĮďÆðĴðďĊȧOqȨ ǣșǢǠǣ 9ÐÅīķīřǠșǡǟǡǤ

AĊŦðæìĴ }īĊĮĨďīĴďīāÐīĮĊðďĊȧ}Ȩ ǤșǥǟǢ #ÐÆÐĉÅÐīǠǢșǡǟǡǥ

(1) Approximate number of active full-time equivalent crewmembers as of December 31, 2022.

(2) Our relations with our labor organizations are governed by Title II of the Railway Labor Act of 1926, pursuant to which the collective bargaining agreements between us and

these organizations do not expire but instead become amendable as of a certain date if either party wishes to modify the terms of the agreement.

ÐìŒÐðĊÌðŒðÌķăÐĉĨăďřĉÐĊĴæīÐÐĉÐĊĴĮœðĴìÐÆìďåďķī

ĊďĊȭķĊðďĊðšÐÌ9ăðÆÐĊĮÐÌÆīÐœĉÐĉÅÐīĮœìðÆìÆďĊĮðĮĴďå

ÌðĮĨĴÆìÐīĮșĴÐÆìĊðÆðĊĮșðĊĮĨÐÆĴďīĮșĊÌðīĴīŨÆÆďĊĴīďăăÐīĮȘ

'ÆìÐĉĨăďřĉÐĊĴæīÐÐĉÐĊĴðĮåďīĴÐīĉďååðŒÐřÐīĮĊÌ

īÐĊÐœĮåďīĊÌÌðĴðďĊăťŒÐȭřÐīĴÐīĉȘAĊĴìÐÐŒÐĊĴďåÌďœĊĴķīĊ

ðĊďķīÅķĮðĊÐĮĮșīÐĮķăĴðĊæðĊīÐÌķÆĴðďĊďåŦřðĊæĊÌīÐăĴÐÌœďīā

ìďķīĮșœÐīÐďÅăðæĴÐÌĴďĨřĴìÐĮÐÆīÐœĉÐĉÅÐīĮæķīĊĴÐÐÌ

ăÐŒÐăďåðĊÆďĉÐĊÌĴďÆďĊĴðĊķÐĴìÐðīÅÐĊÐťĴĮȘÐĨīďŒðÌÐœìĴ

œÐÅÐăðÐŒÐĴďÅÐðĊÌķĮĴīřȭăÐÌðĊæþďÅĨīďĴÐÆĴðďĊĴìīďķæìĴìÐĮÐ

æīÐÐĉÐĊĴĮȘÐÅÐăðÐŒÐĴìÐĮÐæīÐÐĉÐĊĴĮĨīďŒðÌÐLÐĴăķÐĊÌ

ÆīÐœĉÐĉÅÐīĮŦÐŘðÅðăðĴřĊÌăăďœķĮĴďīÐÆĴĴďÆīÐœĉÐĉÅÐīĮ

ĊÐÐÌĮȸĉďīÐÐŨÆðÐĊĴăřĴìĊÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴĮȘ

āÐřåÐĴķīÐďåĴìÐÌðīÐÆĴīÐăĴðďĊĮìðĨœðĴìďķīÆīÐœĉÐĉÅÐīĮ

ðĮďķīăķÐĮďĉĉðĴĴÐÐĮșœìðÆìīÐĉÌÐķĨďåĨÐÐīȭÐăÐÆĴÐÌ

åīďĊĴăðĊÐÆīÐœĉÐĉÅÐīĮåīďĉÐÆìďåďķīĉþďīœďīāȭæīďķĨĮ

ďĴìÐīĴìĊĨðăďĴĮĊÌðĊŦðæìĴÆīÐœĉÐĉÅÐīĮȘăķÐĮďĉĉðĴĴÐÐĮ

īÐĨīÐĮÐĊĴĴìÐðĊĴÐīÐĮĴĮďåďķīœďīāȭæīďķĨĮĊÌìÐăĨķĮĴďīķĊ

ďķīÅķĮðĊÐĮĮðĊĨīďÌķÆĴðŒÐĊÌÐŨÆðÐĊĴĉĊĊÐīȘÐÅÐăðÐŒÐ

ĴìðĮÌðīÐÆĴīÐăĴðďĊĮìðĨœðĴìÆīÐœĉÐĉÅÐīĮÌīðŒÐĮìðæìÐīăÐŒÐăĮ

ďåÐĊææÐĉÐĊĴĊÌăðæĊĉÐĊĴœðĴìLÐĴăķÐȸĮĮĴīĴÐæřșÆķăĴķīÐș

ĊÌďŒÐīăăæďăĮȘ

ÐÅÐăðÐŒÐĴìÐÐŨÆðÐĊÆřĊÌÐĊææÐĉÐĊĴďåďķīÆīÐœĉÐĉÅÐīĮðĮ

īÐĮķăĴďåďķīŦÐŘðÅăÐĊÌĨīďÌķÆĴðŒÐœďīāīķăÐĮȘÐīÐÆďæĊðšĊĴ

ďåĴìÐÆďĉĨÐĴðĴðďĊåďīĨīďÌķÆĴðŒÐăÅďīðĊāÐřðĊÌķĮĴīřĨďĮðĴðďĊĮ

ĊÌĊÐœæďŒÐīĊĉÐĊĴīķăÐĮīÐĪķðīðĊæìðæìÐīĪķăðåðÆĴðďĊĮĮ

œÐăăĮĉďīÐīÐĮĴīðÆĴÐÌìďķīĮĴìĴĉřīÐĮķăĴðĊĨďĴÐĊĴðăăÅďī

ĮìďīĴæÐĮðĊĴìÐķĨÆďĉðĊæřÐīĮȘAĊǡǟǡǡșœÐĮœķĨœīÌ

ĨīÐĮĮķīÐďĊœæÐĮœðĴìðĊĉĊřďåĴìÐĉīāÐĴĮœÐĮÐīŒÐĊÌĴìðĮ

ĴīÐĊÌðĮÐŘĨÐÆĴÐÌĴďÆďĊĴðĊķÐðĊǡǟǡǢȘ

ZķīăÐÌÐīĮìðĨĴÐĉÆďĉĉķĊðÆĴÐĮďĊīÐæķăīÅĮðĮœðĴìăă

ÆīÐœĉÐĉÅÐīĮĴďÅďăĮĴÐīďķīÆķăĴķīÐĊÌĴďāÐÐĨĴìÐĉðĊåďīĉÐÌ

ÅďķĴĊÐœĮșĮĴīĴÐæřķĨÌĴÐĮșĊÌÆìăăÐĊæÐĮååÐÆĴðĊæĴìÐ

ðīăðĊÐĊÌĴìÐðĊÌķĮĴīřȘ'ååÐÆĴðŒÐĊÌåīÐĪķÐĊĴÆďĉĉķĊðÆĴðďĊ

ĴìīďķæìďķĴĴìÐďīæĊðšĴðďĊðĮåďĮĴÐīÐÌĴìīďķæìŒīðďķĮĉÐĊĮ

ðĊÆăķÌðĊæœÐÐāăřÐĉðăĉÐĮĮæÐĮåīďĉďķī'ZĊÌďĴìÐīĮÐĊðďī

ăÐÌÐīĮșœÐÐāÌřĊÐœĮķĨÌĴÐĮĴďăăÆīÐœĉÐĉÅÐīĮșÆīÐœĉÐĉÅÐī

ÐĊææÐĉÐĊĴĮķīŒÐřĮșĊÌÆĴðŒÐăÐÌÐīĮìðĨĨīĴðÆðĨĴðďĊðĊĊÐœ

ìðīÐďīðÐĊĴĴðďĊĮȘOÐÌÐīĮìðĨðĮăĮďìÐŒðăřðĊŒďăŒÐÌðĊĨÐīðďÌðÆ

ďĨÐĊåďīķĉĉÐÐĴðĊæĮȧŒðīĴķăĊÌðĊȭĨÐīĮďĊȨÆīďĮĮďķīĊÐĴœďīāș

ÆăăÐÌȵĨďÆāÐĴĮÐĮĮðďĊĮșȶœìðÆìīÐďåĴÐĊīÐÆďīÌÐÌĊÌĨďĮĴÐÌ

ďĊďķīðĊĴīĊÐĴĊÌÆīÐœĉÐĉÅÐīÆďĉĉķĊðÆĴðďĊĮĨĨșÆăăÐÌZĊ

}ìÐ9ăřȘřĮďăðÆðĴðĊæåÐÐÌÅÆāåďīœřĮĴďðĉĨīďŒÐďķīĮÐīŒðÆÐș

ĴÐĉœďīāșĊÌœďīāÐĊŒðīďĊĉÐĊĴșďķīăÐÌÐīĮìðĨĴÐĉœďīāĮĴď

āÐÐĨÆīÐœĉÐĉÅÐīĮÐĊææÐÌĊÌĉāÐĮďķīÅķĮðĊÐĮĮÌÐÆðĮðďĊĮ

transparent.

12 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TǠɁwAU'ww

ZķīŒÐīæÐĊķĉÅÐīďååķăăȭĴðĉÐÐĪķðŒăÐĊĴÆīÐœĉÐĉÅÐīĮåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡÆďĊĮðĮĴÐÌďå

Crewmember Group Number of full time crewmembers

qðăďĴĮ ǣșǠǟǡ

AĊŦðæìĴ

ǤșǤǡǧ

Airport operations ǣșǢǟǟ

}ÐÆìĊðÆðĊĮ

ǧǠǢ

tÐĮÐīŒĴðďĊæÐĊĴĮ ǠșǢǥǡ

TĊæÐĉÐĊĴĊÌďĴìÐīĨÐīĮďĊĊÐă ǢșǨǦǟ

(1) other airlines may refer to as flight attendants

(2) other airlines may refer to as mechanics

9ďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșœÐÐĉĨăďřÐÌĊŒÐīæÐ

ďåǠǥșǥǥǨåķăăȭĴðĉÐĊÌǣșǡǢǡĨīĴȭĴðĉÐÆīÐœĉÐĉÅÐīĮȘ

ZķīŒÐīæÐĊķĉÅÐīďååķăăȭĴðĉÐÐĪķðŒăÐĊĴÆīÐœĉÐĉÅÐīĮ

ðĊÆīÐĮÐÌÅřǡǟȘǢɦ ÆďĉĨīÐÌ ĴďǡǟǡǠșĨīðĉīðăřÌīðŒÐĊÅř

ÌÌðĴðďĊăìðīðĊæșĮœÐīÐĴķīĊÐÌďķīďĨÐīĴðďĊĮĴďĨīÐȭĨĊÌÐĉðÆ

ăÐŒÐăĮȘìÐĊÆďĉĨīÐÌĴďĨīÐȭĨĊÌÐĉðÆăÐŒÐăĮðĊǡǟǠǨșďķī

ŒÐīæÐåķăăȭĴðĉÐÐĪķðŒăÐĊĴÆīÐœĉÐĉÅÐīĮðĊÆīÐĮÐÌÅřǧȘǢɦȘ

ăă LÐĴăķÐ ÆīÐœĉÐĉÅÐīĮ ìŒÐ ĴìÐ īðæìĴ ĴďĊ ďĨÐĊ ĊÌ

īÐĮĨÐÆĴåķăœďīāĨăÆÐȘZķīďÌÐďåďĊÌķÆĴĨīďìðÅðĴĮăăåďīĉĮ

ďåÌðĮÆīðĉðĊĴðďĊșĊÌœÐĨīďĉďĴÐďĨÐĊÆďĉĉķĊðÆĴðďĊĴď

īÐĮďăŒÐĊřÌðĮÆīðĉðĊĴðďĊÆďĊÆÐīĊĮȘ'ŒÐīřLÐĴăķÐÌðīÐÆĴďīȭăÐŒÐă

ÆīÐœĉÐĉÅÐīĊÌÅďŒÐðĮīÐĪķðīÐÌĴďĨīĴðÆðĨĴÐðĊķĊÆďĊĮÆðďķĮ

ÅðĮĴīðĊðĊæȘ

Crewmember Programs

ÐīÐÆďĉĉðĴĴÐÌĴďĮķĨĨďīĴðĊæďķīÆīÐœĉÐĉÅÐīĮĴìīďķæì

ĊķĉÅÐīďåĨīďæīĉĮðĊÆăķÌðĊæȚ

■ Crewmember Resource Groups (CRGs) - ÐÐĊÆďķīæÐ

ÆīÐœĉÐĉÅÐīĮĴďÆÐăÐÅīĴÐĴìÐðī ðĊÌðŒðÌķăðĴř ĊÌ ÅķðăÌ

ÆĉīÌÐīðÐĴìīďķæìďķīŒīðďķĮt:ĮȘt:ĮĮĨÐīìÐÌ

ĨīďæīĉĮĴďÐĉÅīÆÐĊÌÐĊÆďķīæÐĴìÐĮìīðĊæďåÌðååÐīÐĊĴ

ĨÐīĮĨÐÆĴðŒÐĮșĴìďķæìĴĮșĊÌðÌÐĮȘĴĴìÐÐĊÌďåǡǟǡǡșœÐìÌ

ÐðæìĴt:ĮœìðÆìðĊÆăķÌÐȚ

— BlueAbilities:UÐœðĊǡǟǡǡșăķÐÅðăðĴðÐĮĨīďĉďĴÐĮĴìÐ

ðĊÆăķĮðďĊďåĨÐďĨăÐœðĴìŒðĮðÅăÐĊÌĊďĊŒðĮðÅăÐÌðĮÅðăðĴðÐĮ

ĊÌÆìĉĨðďĊĮĊÆÆÐĮĮðÅðăðĴřȭåīðÐĊÌăřœďīāĨăÆÐȘ

— Blue Aviasian:ÐăÐÅīĴÐĮĴìÐìðĮĴďīř ďåĮðĊĮș ĮðĊ

ĉÐīðÆĊĮșĊÌqÆðťÆAĮăĊÌÐīĮȘ}ìÐæīďķĨďååÐīĮðĉĉÐīĮðŒÐ

ÆķăĴķīăÐŘĨÐīðÐĊÆÐĮșĊÐĴœďīāðĊæșĊÌÆīÐÐīÌÐŒÐăďĨĉÐĊĴ

ÐŒÐĊĴĮȘ

— Blue Conexión:wìīÐĮĴìÐOĴðĊďÆķăĴķīÐĊÌăĊæķæÐðĊĴìÐ

œďīāĨăÆÐĊÌÆďĉĉķĊðĴřȘ

— JADE (JetBlue African Diaspora Experience):'ŘĨăďīÐĮĴìÐ

īðÆìÆķăĴķīÐĮďåĴìÐåīðÆĊÌðĮĨďīȘL#'ăÐÌĮÆķăĴķīă

ÐŒÐĊĴĮÌķīðĊæăÆā>ðĮĴďīřTďĊĴìĊÌìďĮĴĮ}īŒÐăďĊș

ÌřȭăďĊæÐŒÐĊĴåďīÆīÐœĉÐĉÅÐīĮĴďăÐīĊÅďķĴĴìÐÌðŒÐīĮÐ

ÐŘĨÐīðÐĊÆÐďåăÆāĴīŒÐăÐīĮșĉďĊæďĴìÐīÐŒÐĊĴĮȘ

— JetPride:ZååÐīĮĨīďåÐĮĮðďĊăÌÐŒÐăďĨĉÐĊĴďĨĨďīĴķĊðĴðÐĮåďī

O:}sɎÆīÐœĉÐĉÅÐīĮĊÌĴìÐðīăăðÐĮȘ#ķīðĊæqīðÌÐTďĊĴìș

ÆīÐœĉÐĉÅÐīĮ ĉīÆìÆīďĮĮĴìÐ ĊÐĴœďīāĴďÆÐăÐÅīĴÐ

ÌðŒÐīĮðĴřșÐĪķăðĴřșĊÌÆÆÐĨĴĊÆÐȘ

— SAJE (South Asian JetBlue Experience):wìðĊÐĮăðæìĴďĊĴìÐ

ðĉĉÐĊĮÐăřÌðŒÐīĮÐÆķăĴķīÐĮĊÌÆďĉĉķĊðĴðÐĮĴìĴĉāÐķĨ

wďķĴìĮðȘAĴĨīďŒðÌÐĮĊďĨĨďīĴķĊðĴřåďīďķīÆīÐœĉÐĉÅÐīĮ

œìďðÌÐĊĴðåřĮwďķĴìĮðĊĴďÆďĊĊÐÆĴœðĴìďĊÐĊďĴìÐīș

ĊÌåďīăăÆīÐœĉÐĉÅÐīĮĴďÅÐĴĴÐīķĊÌÐīĮĴĊÌĴìÐðīķĊðĪķÐ

ÅÆāæīďķĊÌĮșÆķăĴķīÐșĊÌÐŘĨÐīðÐĊÆÐĮȘ

— Vets in Blue: qīďŒðÌÐĮ åďīķĉåďīÆīÐœĉÐĉÅÐīĮœìď

ìďĊďīÅăřĮÐīŒÐďīìŒÐĮÐīŒÐÌðĊĴìÐīĉÐÌ9ďīÆÐĮȘÐĴĮ

ðĊăķÐĮĴīÐĊæĴìÐĊĮLÐĴăķÐȸĮÐååďīĴĮĴďÐĉĨăďřĊÌīÐĴðĊ

ĉÐĉÅÐīĮďåĴìÐĉðăðĴīřĴìīďķæìďķĴīÐÆìșĊÐĴœďīāðĊæ

ÐŒÐĊĴĮșÆīÐÐīåðīĮșĊÌĉÐĊĴďīðĊæďĨĨďīĴķĊðĴðÐĮȘTĊř

åďīĉÐīĮÐīŒðÆÐĉÐĉÅÐīĮÐĊþďřĮÐÆďĊÌÆīÐÐīĮœðĴìLÐĴăķÐ

ðĊðīĨďīĴďĨÐīĴðďĊĮșÆďīĨďīĴÐĮÐÆķīðĴřșðĊåăðæìĴșåăðæìĴ

ďĨÐīĴðďĊĮșĊÌĉďīÐȘ

— Women in Flight:qīďŒðÌÐĮ ĉÐĉÅÐīĮœðĴì ÐÌķÆĴðďĊă

ĊÐĴœďīāðĊæďĨĨďīĴķĊðĴðÐĮĴìĴðĊĮĨðīÐÆīÐÐīĊÌĨÐīĮďĊă

æīďœĴìȘ}řĨðÆăăřșĴìÐæīďķĨìďĮĴĮďķīĊĊķă9ăřOðāÐ:ðīă

ÐŒÐĊĴșĴÐÆìðĊæřďķĊææðīăĮÅďķĴÌðååÐīÐĊĴÆīÐÐīĨĴìĮðĊ

ŒðĴðďĊȘ

■ JetBlue Crewmember Crisis Fund (JCCF) -}ìðĮďīæĊðšĴðďĊș

ďīðæðĊăăř åďīĉÐÌ ðĊ ǡǟǟǡș ðĮ  ĊďĊȭĨīďåðĴ ÆďīĨďīĴðďĊ

ðĊÌÐĨÐĊÌÐĊĴåīďĉLÐĴăķÐĊÌīÐÆďæĊðšÐÌÅřĴìÐAtwĮ

ĴŘȭÐŘÐĉĨĴÐĊĴðĴřȘL9œĮÆīÐĴÐÌĴďĮĮðĮĴLÐĴăķÐ

ÆīÐœĉÐĉÅÐīĮĊÌĴìÐðīðĉĉÐÌðĴÐåĉðăřĉÐĉÅÐīĮȧAtw

#ÐĨÐĊÌÐĊĴĮȨœðĴìĮìďīĴȭĴÐīĉåðĊĊÆðăĮķĨĨďīĴðĊĴðĉÐĮďå

ÆīðĮðĮĊÌķĊÐŘĨÐÆĴÐÌÐĉÐīæÐĊÆðÐĮœìÐĊďĴìÐīīÐĮďķīÆÐĮ

īÐĊďĴŒðăÅăÐȘ9ķĊÌĮåďīL9æīĊĴĮÆďĉÐÌðīÐÆĴăřåīďĉ

ÆīÐœĉÐĉÅÐīÌďĊĴðďĊĮŒðĴŘȭÌÐÌķÆĴðÅăÐĨřīďăăÌÐÌķÆĴðďĊȘ

}ìÐĮĮðĮĴĊÆÐĨīďÆÐĮĮðĮÆďĊåðÌÐĊĴðăœðĴìďĊăřĴìÐåķĊÌ

ÌĉðĊðĮĴīĴďīĊÌÆďďīÌðĊĴďīāĊďœðĊæĴìÐðÌÐĊĴðĴřďåĴìÐ

ÆīÐœĉÐĉÅÐīĮðĊĊÐÐÌȘ

■ JetBlue Scholars -#ÐŒÐăďĨÐÌðĊǡǟǠǤșĴìðĮĨīďæīĉďååÐīĮĊÐœ

ĊÌðĊĊďŒĴðŒÐĉďÌÐăĴďďķīÆīÐœĉÐĉÅÐīĮœðĮìðĊæĴďåķīĴìÐī

ĴìÐðīÐÌķÆĴðďĊȘīÐœĉÐĉÅÐīĮÐĊīďăăÐÌðĊĴìÐĨīďæīĉÆĊ

ÐīĊĊķĊÌÐīæīÌķĴÐÌÐæīÐÐĴìīďķæìĮÐăåȭÌðīÐÆĴÐÌďĊăðĊÐ

ÆďăăÐæÐÆďķīĮÐĮåÆðăðĴĴÐÌÅřLÐĴăķÐȘ}ìðĮīÐȭÐĉĨìĮðšÐĮďķī

13JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}A|

A}'TǠɁwAU'ww

ÆďĊĴðĊķďķĮÐååďīĴĴďìÐăĨĨīďŒðÌÐĮĮðĮĴĊÆÐĴďďķīĉďĮĴŒăķÐÌ

ĮĮÐĴșďķīĨÐďĨăÐȘ}ďÅķðăÌďĊĴìÐĨīďæīĉșœÐðĊĴīďÌķÆÐÌĴìÐ

TĮĴÐīȸĮqĴìœřĨīďæīĉðĊǡǟǠǨœìðÆìðĮÌÐĮðæĊÐÌĴďìÐăĨ

ÆīÐœĉÐĉÅÐīĮœìďœďķăÌăðāÐĴďÌŒĊÆÐĴìÐðīÐÌķÆĴðďĊÐŒÐĊ

åķīĴìÐīÅřĨķīĮķðĊæĉĮĴÐīȸĮÌÐæīÐÐȘ}ìÐTĮĴÐīȸĮqĴìœř

ĨīďæīĉĨīĴĊÐīĮœðĴìīÐĨķĴÅăÐðĊĮĴðĴķĴðďĊĮĴďĨīďŒðÌÐ

ŒīðÐĴřďåÅÐĊÐťĴĮĴďÆīÐœĉÐĉÅÐīĮðĊÆăķÌðĊæĴķðĴðďĊÌðĮÆďķĊĴĮș

ĮÆìďăīĮìðĨĮșĊÌÆÆÐĮĮĴďĮĨÐÆðăðšÐÌĮķĨĨďīĴĮÐīŒðÆÐĮȘ

■ Lift Recognition Program -īÐĴÐÌðĊǡǟǠǡșĴìðĮÆīÐœĉÐĉÅÐī

īÐÆďæĊðĴðďĊĨīďæīĉÐĊÆďķīæÐĮÆīÐœĉÐĉÅÐīĮĴďÆÐăÐÅīĴÐ

ĴìÐðīĨÐÐīĮåďīăðŒðĊæLÐĴăķÐȸĮŒăķÐĮÅřĮÐĊÌðĊæÐȭĴìĊāĮ

ĴìīďķæìĊďĊăðĊÐĨăĴåďīĉȘ

Community Programs

LÐĴăķÐðĮÆďĉĉðĴĴÐÌĴďĮķĨĨďīĴðĊæĴìÐÆďĉĉķĊðĴðÐĮĊÌ

ăķÐðĴðÐĮœÐĮÐīŒÐĴìīďķæìŒīðÐĴřďåÆďĉĉķĊðĴřĨīďæīĉĮ

ðĊÆăķÌðĊæȚ

■ Corporate Social Responsibility (CSR) -}ìÐwtĮĴīĴÐæřș

LÐĴăķÐ9ďī:ďďÌșåďÆķĮÐĮďĊĴìīÐÐīÐĮĴìĴďķīÆķĮĴďĉÐīĮ

ĊÌ ÆīÐœĉÐĉÅÐīĮ īÐ ĨĮĮðďĊĴÐ ÅďķĴȚ ȧǠȨ řďķĴì ĊÌ

ÐÌķÆĴðďĊșȧǡȨÆďĉĉķĊðĴřșĊÌȧǢȨÐĊŒðīďĊĉÐĊĴȘ

— Youth and Education:ĮĨðăăīďåLÐĴăķÐ9ďī:ďďÌșďķī

řďķĴìĊÌÐÌķÆĴðďĊÐååďīĴĮåďÆķĮďĊĨīďŒðÌðĊæÆìðăÌīÐĊåīďĉ

ķĊÌÐīĮÐīŒÐÌīÐĮĴìÐīÐĮďķīÆÐĮĊÐÐÌÐÌĴďďÅĴðĊĪķăðĴř

ÐÌķÆĴðďĊĊÌĮķĮĴðĊÅăÐÆīÐÐīĮȘÐÌďĴìðĮĴìīďķæì

ŒīðďķĮðĊðĴðĴðŒÐĮðĊÆăķÌðĊæÌďĊĴðĊææÐȭĨĨīďĨīðĴÐÅďďāĮ

ĴďīÐĮœìÐīÐÅďďāĮīÐĮÆīÆÐďķĴĮðÌÐďåĮÆìďďăœăăĮȘÐ

ăĮďìďĮĴīÐæķăīÆīÐÐīÌřĮĴìĴìÐăĨÐŘĨďĮÐřďķĊæÌķăĴĮ

ĴďĴìÐÆīÐÐīĮŒðăÅăÐĴďĴìÐĉķĨďĊæīÌķĴðďĊĊÌÅÐřďĊÌȘ

— Community:ÐìŒÐăďĊæĮĴĊÌðĊæĴīÌðĴðďĊďåĮķĨĨďīĴðĊæ

ÌÐÌðÆĴÐÌÆďĉĉķĊðĴřďīæĊðšĴðďĊĮĴìĴĉāÐďķīăķÐðĴðÐĮ

ÅÐĴĴÐīȘ Ð Įìďœ ďķī ĮķĨĨďīĴ Ĵìīďķæì ĨīĴĊÐīĮìðĨĮș

ÌďĊĴðďĊĮșĊÌĉďīÐĴìĊǠȘǢĉðăăðďĊŒďăķĊĴÐÐīìďķīĮăďææÐÌ

ÅřďķīÆīÐœĉÐĉÅÐīĮĮðĊÆÐǡǟǠǠȘ

— Environment:LÐĴăķÐȸĮĨīðĉīřÐĊŒðīďĊĉÐĊĴăĮķĮĴðĊÅðăðĴř

ĨīðďīðĴřðĮīÐÌķÆðĊæĊÌĉĊæðĊæÆīÅďĊÐĉðĮĮðďĊĮåīďĉþÐĴ

åķÐăȘÐīÐÆďĉĉðĴĴÐÌĴďðĊŒÐĮĴðĊæðĊĉďīÐåķÐăȭÐŨÆðÐĊĴ

ĴÐÆìĊďăďæðÐĮșīÐĊÐœÅăÐåķÐăĮșÐăÐÆĴīðÆæīďķĊÌĮÐīŒðÆÐ

ÐĪķðĨĉÐĊĴșăďæðĮĴðÆĮșĊÌďĴìÐīĉÐĮķīÐĮĴďīÐÌķÆÐďķī

carbon footprint.

■ JetBlue Foundation -īÐĴÐÌðĊǡǟǠǢĮǤǟǠȧÆȨȧǢȨĊďĊȭĨīďťĴ

ÆďīĨďīĴðďĊșĴìÐLÐĴăķÐ9ďķĊÌĴðďĊðĮLÐĴăķÐȭĮĨďĊĮďīÐÌ

ďīæĊðšĴðďĊåďÆķĮÐÌďĊīðĮðĊæœīÐĊÐĮĮåďīÆīÐÐīĮðĊ

ĮÆðÐĊÆÐșĴÐÆìĊďăďæřșÐĊæðĊÐÐīðĊæĊÌĉĴì ȧw}'TȨșĊÌ

ŒðĴðďĊȘ}ìÐLÐĴăķÐ9ďķĊÌĴðďĊåďÆķĮÐĮďĊåďķīĉðĊīÐĮȚ

— qīĴĊÐīðĊæœðĴìďīæĊðšĴðďĊĮĊÌÆďĉĉķĊðĴðÐĮĴďĨīďŒðÌÐ

ÆÆÐĮĮĴďw}'TĨīďæīĉĮåďīĮĴķÌÐĊĴĮåīďĉĴīÌðĴðďĊăăř

ķĊÌÐīĮÐīŒÐÌÆďĉĉķĊðĴðÐĮț

— AĊŒÐĮĴðĊæðĊĨīďæīĉĮæÐīÐÌĴďœīÌĮĴķÌÐĊĴĮåīďĉÌðŒÐīĮÐ

ÅÆāæīďķĊÌĮĴďÆīÐĴÐăðåÐăďĊæðĊĴÐīÐĮĴðĊw}'TĮÐīăřĮ

ĨďĮĮðÅăÐðĊĮĴķÌÐĊĴĮȸÆÌÐĉðÆÆīÐÐīĮț

— īÐĴðĊæÐĪķăďĨĨďīĴķĊðĴðÐĮĊÌðĊÆīÐĮðĊæÆÆÐĮĮåďīăă

ĮĴķÌÐĊĴĮĴďĮĨīāĨĮĮðďĊåďīw}'TțĊÌ

— ķðăÌðĊæĉďīÐÌðŒÐīĮÐĴăÐĊĴĨðĨÐăðĊÐåďīĴìÐŒðĴðďĊ

ðĊÌķĮĴīřȘ

Environmental, Social, and Governance

Management

TðĴðæĴðĊæīðĮāĮĴďÐĊĮķīÐĴìÐăďĊæȭĴÐīĉĮķĮĴðĊÅðăðĴřďåďķī

ÅķĮðĊÐĮĮ ðĮ ðĉĨÐīĴðŒÐåďīLÐĴăķÐȘÐīÐĉðĊåďÆķĮÐÌďĊ

ÆďĊĴðĊķðĊæĴďăÐÌðĊÐĊŒðīďĊĉÐĊĴășĮďÆðășĊÌæďŒÐīĊĊÆÐ

ȧȵ'w:ȶȨðĊðĴðĴðŒÐĮșĴìīďķæìĉÅðĴðďķĮĴīæÐĴĮÐĴĴðĊæșÆăÐīÆĴðďĊĮ

ĊÌĮĴīĴÐæřșĊÌĴīĊĮĨīÐĊĴīÐĨďīĴðĊæȘ

ENVIRONMENTAL

LÐĴăķÐìĮăďĊæìðĮĴďīřďåÅÐðĊæăÐÌÐīœðĴìðĊĴìÐŒðĴðďĊ

ðĊÌķĮĴīřðĊĉðĴðæĴðĊæÆăðĉĴÐīðĮāĊÌīÐÌķÆðĊæÐĉðĮĮðďĊĮ

ĮĮďÆðĴÐÌœðĴìðĴĮďĨÐīĴðďĊșœðĴìĊķăĴðĉĴÐĴīæÐĴďåÆìðÐŒðĊæ

ĊÐĴšÐīďÆīÅďĊÐĉðĮĮðďĊĮÅřǡǟǣǟșĴÐĊřÐīĮìÐÌďåĴìÐæďăĮďå

ĴìÐqīðĮăðĉĴÐæīÐÐĉÐĊĴȘAĊǡǟǡǡșœÐĊĊďķĊÆÐÌďķīŒăðÌĴÐÌ

ĮÆðÐĊÆÐȭÅĮÐÌÐĉðĮĮðďĊĮīÐÌķÆĴðďĊĴīæÐĴșďķīĉďĮĴææīÐĮĮðŒÐ

ĊÐīȭĴÐīĉĮķĮĴðĊÅðăðĴřæďăĴďÌĴÐșœðĴìĨăĊĴďÐååÐÆĴðŒÐăř

īÐÌķÆÐďķīœÐăăȭĴďȭœāÐȧăðåÐÆřÆăÐȨĮÆďĨÐǠĊÌǢæīÐÐĊìďķĮÐæĮ

ȧȵ:>:ȶȨÐĉðĮĮðďĊĮīÐăĴÐÌĴďþÐĴåķÐăðĊìăåďĊĨÐīȭĮÐĴÅĮðĮÅř

ǡǟǢǤåīďĉǡǟǠǨăÐŒÐăĮȘìðăÐĴìðĮĴīæÐĴÆĊďĊăřÅÐĮķÆÆÐĮĮåķă

œðĴìðĊÌķĮĴīřĊÌĨďăðÆřĮķĨĨďīĴșLÐĴăķÐÆďĉĉðĴĴÐÌĴďðĊÆīÐĮðĊæ

ðĴĮåďÆķĮĊÌðĊŒÐĮĴĉÐĊĴĮðĊăďœÐīȭÆīÅďĊĮďăķĴðďĊĮșœðĴìðĊĴìÐ

ĮÆďĨÐďåðĴĮÅķĮðĊÐĮĮďĨÐīĴðďĊĮșĴďÆìðÐŒÐĴìÐĮÐĴīæÐĴĮȘ

ðĴìĮķĮĴðĊÅðăðĴřĮďĊÐďåďķīāÐřÆďĉĨĊřȭœðÌÐĮĴīĴÐæðÆ

ĨīðďīðĴðÐĮșœÐīÐĨķīĮķðĊæĴìÐåďăăďœðĊæĮðŘāÐřăÐŒÐīĮĴďīÐÌķÆÐ

ĴìÐÐĉðĮĮðďĊĮĮĮďÆðĴÐÌœðĴìďķīÅķĮðĊÐĮĮȚ

(1) ðīÆīåĴ'ŨÆðÐĊÆřȚZķīðĊŒÐĮĴĉÐĊĴĮðĊĊÐœĊÐŘĴæÐĊÐīĴðďĊ

ðīÆīåĴīÐðĊÆīÐĮðĊæåķÐăÐŨÆðÐĊÆřĊÌīÐÌķÆðĊæĮĮďÆðĴÐÌ

ÆďĮĴĮȘZķīæīďœðĊæåăÐÐĴďåðīÅķĮǢǡǠĊÐďðīÆīåĴīÐ

ðĉĨīďŒðĊæåķÐăÐÆďĊďĉřÅřĨĨīďŘðĉĴÐăřǡǟɦȘ9ķīĴìÐīș

LÐĴăķÐÆďĊĴðĊķÐĮĴďĴāÐÌÐăðŒÐīřďåðīÅķĮǡǡǟĮșīÐÌķÆðĊæ

ÐĉðĮĮðďĊĮÅřķĨĴďǢǤɦĨÐīĮÐĴÆďĉĨīÐÌĴďĴìÐðīÆīåĴ

ĴìÐřīÐīÐĨăÆðĊæȘ}ďĮķĨĨďīĴåķÐăÐŨÆðÐĊÆřĊÌÆďĮĴæďăĮș

LÐĴăķÐðĮÆÆÐăÐīĴðĊæĴìÐīÐĴðīÐĉÐĊĴďåðĴĮ'ǠǨǟŦÐÐĴșœðĴì

ĴìÐåðĊă'ǠǨǟðīÆīåĴĮÆìÐÌķăÐÌĴďÐŘðĴĴìÐåăÐÐĴðĊǡǟǡǥȘ

wðĊÆÐǡǟǠǨșœÐìŒÐĴāÐĊÌÐăðŒÐīðÐĮďåǡǢðīÅķĮǢǡǠĊÐď

ðīÆīåĴĊÌǠǣðīÅķĮǡǡǟðīÆīåĴȘ:ďðĊæåďīœīÌșœÐÐŘĨÐÆĴ

ĴďĴāÐÌÐăðŒÐīřďåǥǡðīÅķĮǢǡǠĊÐďðīÆīåĴĊÌǧǥðīÅķĮ

ǡǡǟðīÆīåĴȘ

(2) Fuel Optimization:ÐÆďĊĴðĊķďķĮăřťĊÐȭĴķĊÐďķīďĨÐīĴðďĊĮ

ĴďðÌÐĊĴðåřĊÐœåķÐăȭĮŒðĊæĮďĨĨďīĴķĊðĴðÐĮĊÌ ÐĊĮķīÐ

ÌìÐīÐĊÆÐĴďÐŘðĮĴðĊæåķÐăĮŒðĊæĮĨīďÆÐÌķīÐĮȘÐďĨÐīĴÐ

ÆīďĮĮȭåķĊÆĴðďĊăĴÐĉĴìĴīÐŒðÐœĮșĊăřšÐĮșĊÌðĉĨăÐĉÐĊĴĮ

åķÐăȭĮŒðĊæĮďĨĨďīĴķĊðĴðÐĮÆīďĮĮďķīďĨÐīĴðďĊĊÌĉķăĴðĨăÐ

œďīāæīďķĨĮȘZĨĨďīĴķĊðĴðÐĮðĊÆăķÌÐĴìÐĨīďĉďĴðďĊďåĮðĊæăÐȭ

ÐĊæðĊÐĴŘðĊÌĮðĊæăÐȭÐĊæðĊÐĴŘðœðĴìďķĴķŘðăðīřĨďœÐīș

ðĉĨīďŒÐÌæīďķĊÌĨďœÐīĊÌĨīÐȭÆďĊÌðĴðďĊÐÌðīìďďāķĨ

ĴðĉÐĮœìÐĊðīÆīåĴīīðŒÐĴæĴÐĮșðĊŒÐĮĴðĊæðĊæīďķĊÌĨďœÐī

ðĊåīĮĴīķÆĴķīÐåďīķĮÐÌķīðĊæĉðĊĴÐĊĊÆÐșĊÌðĉĨīďŒÐĉÐĊĴĮ

ĴďÌðĮĨĴÆìĨīďÆÐÌķīÐĮĴďīÐÌķÆÐďŒÐīåķÐăðĊæȧīÐÌķÆðĊæ

ďĊÅďīÌœÐðæìĴȨȘ

(3) Sustainable Aviation Fuel (“SAF”):ÐŒðÐœĴìÐÌďĨĴðďĊďå

w9ĮĴìÐĉďĮĴĨīďĉðĮðĊæăÐŒÐīåďīķĮĴďĮðæĊðťÆĊĴăřīÐÌķÆÐ

ÐĉðĮĮðďĊĮðĊďķīÌīðŒÐĴďĊÐĴšÐīďȘÐīÐæķăīăřŦřœðĴìw9

ďĊďķīÐŘðĮĴðĊæðīÆīåĴœìðÆìīÐÌķÆÐĮăðåÐÆřÆăÐÐĉðĮĮðďĊĮÅř

ķĨĴďǧǟɦĨÐīæăăďĊÅÐåďīÐÅÐðĊæÅăÐĊÌÐÌœðĴìÆďĊŒÐĊĴðďĊă

þÐĴåķÐăȘLÐĴăķÐðĮĴìÐďĊăřȘwȘÆīīðÐīĴďÌřĴďÅÐåăřðĊæ

14 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TǠɁwAU'ww

īÐæķăīÌďĉÐĮĴðÆŦðæìĴĮœðĴìĮķĨĨăřåīďĉĴìÐĴœďÆķīīÐĊĴăř

ÆďĉĉÐīÆðăăřȭŒðăÅăÐw9ĨīďÌķÆÐīĮȧUÐĮĴÐĊÌďīăÌ

'ĊÐīæřȨșœìðăÐĮķĨĨďīĴðĊæĨďīĴåďăðďďåÐĉÐīæðĊæĮķĨĨăðÐīĮ

œðĴìĮðæĊðťÆĊĴÆďĉĉðĴĉÐĊĴĮȘ

Įďå#ÐÆÐĉÅÐīǡǟǡǡșLÐĴăķÐìÌťŒÐĨķÅăðÆĊÌÆĴðŒÐw9

ĨīĴĊÐīĮåďīÆķīīÐĊĴĊÌåķĴķīÐĮķĨĨăřșœìðÆìœðăăĮķĨĨďīĴďķī

ĴīæÐĴĴďÆďĊŒÐīĴǠǟɦďåďķīþÐĴåķÐăķĮæÐĴďw9ÅřǡǟǢǟȘ

AĊǡǟǡǡșLÐĴăķÐĊĊďķĊÆÐÌĴìīÐÐĊÐœw9ÌÐăĮȘAĊĨīðăǡǟǡǡș

œÐĊĊďķĊÆÐÌĊæīÐÐĉÐĊĴœðĴìÐĉÐĴðĮåďīðĴĴďĮķĨĨăřķĮœðĴì

ǠǡǤĉðăăðďĊæăăďĊĮďåw9ďŒÐīĴÐĊȭřÐīĴÐīĉœðĴìĴīæÐĴĮĴīĴ

ÌĴÐďåǡǟǡǤȘAĊwÐĨĴÐĉÅÐīǡǟǡǡșœÐĮðæĊÐÌĊðĊĴÐĊĴĴďĨķīÆìĮÐ

ǡǤĉðăăðďĊæăăďĊĮďåw9åīďĉAtZTqUșĊðĊĊďŒĴðŒÐÆīÅďĊ

ĴÐÆìĊďăďæřÆďĉĨĊřÆīÐĴðĊæÆīÅďĊȭĊÐæĴðŒÐăÆďìďăĮĊÌåķÐăĮ

åīďĉZǡșœðĴìĴīæÐĴĮĴīĴÌĴÐďåǡǟǡǦȘZķīTÐĉďīĊÌķĉ

ďåĊÌÐīĮĴĊÌðĊæœðĴìAtZTqUÆďĉÐĮďĊĴìÐìÐÐăĮďå

ÌðīÐÆĴÆĨðĴăðĊŒÐĮĴĉÐĊĴðĊĴďĴìÐÆďĉĨĊřȸĮwÐīðÐĮåķĊÌðĊæ

īďķĊÌåīďĉLȘAĊ#ÐÆÐĉÅÐīǡǟǡǡșœÐĊĊďķĊÆÐÌĊďĊÅðĊÌðĊæ

æīÐÐĉÐĊĴœðĴì9ðÌÐăðĮUÐœ'ĊÐīæřåďīðĴĴďĮķĨĨăřķĮœðĴìǨǡ

ĉðăăðďĊæăăďĊĮďåw9ďŒÐīťŒÐȭřÐīĴÐīĉœðĴìĴīæÐĴĮĴīĴ

ÌĴÐðĊǡǟǡǤȘ

(4) Electric Ground Operations:ìÐīÐåÐĮðÅăÐșœÐīÐ

ÆďĊŒÐīĴðĊæďķī:īďķĊÌwÐīŒðÆÐ'ĪķðĨĉÐĊĴȧȵ:w'ȶȨĴďÐăÐÆĴīðÆ

ĊÌĉŘðĉðšðĊæÐăÐÆĴīðÆæīďķĊÌĨďœÐīĊÌðīĮřĮĴÐĉĮåďī

ďķīðīÆīåĴĴďĉðĊðĉðšÐďķīåķÐăķĮÐĊÌÐĉðĮĮðďĊĮďĊĴìÐ

īĉĨȘÐīÐÆďĉĉðĴĴÐÌĴďÆďĊŒÐīĴðĊæǣǟɦďåďķī:w'Ĵď

ÐăÐÆĴīðÆÅřǡǟǡǤșĊÌǤǟɦÅřǡǟǢǟȘÐÌďĊďĴÐŘĨÐÆĴĴìðĮ

ÆďĊŒÐīĮðďĊĨīďæīĉĴďìŒÐĉĴÐīðăðĉĨÆĴďĊďķīĊĊķă

ÆĨðĴăÐŘĨÐĊÌðĴķīÐĮȘ

(5) Technology Partnerships:ÐīÐÆďĉĉðĴĴÐÌĴďĨăřðĊæĊ

ÆĴðŒÐīďăÐðĊÌŒĊÆðĊæĴìÐåķĴķīÐďåĮķĮĴðĊÅăÐŒðĴðďĊ

ĴÐÆìĊďăďæðÐĮȘ }ìīďķæì Lș œÐ ĮķĨĨďīĴ ĊÌðĊŒÐĮĴðĊ

ăĴÐīĊĴðŒÐÐĊÐīæřðīÆīåĴĴÐÆìĊďăďæðÐĮșĮķÆìĮĴìďĮÐ

ÌÐŒÐăďĨðĊæÐăÐÆĴīðÆȭĊÌìřÌīďæÐĊȭåķÐăÐÌðīÆīåĴȘAĊǡǟǡǡș

LĊĊďķĊÆÐÌĊðĊŒÐĮĴĉÐĊĴðĊtķÅðÆďĊīÅďĊșĊÐŘĴ

æÐĊÐīĴðďĊÆīÅďĊĮďăķĴðďĊĮĨīďŒðÌÐīăĮďÅÆāÐÌÅř}q:

tðĮÐăðĉĴÐșĴìÐÆăðĉĴÐðĊŒÐĮĴðĊæĮĴīĴÐæřďå}q:ȸĮæăďÅă

ðĉĨÆĴðĊŒÐĮĴðĊæĨăĴåďīĉ}q:tðĮÐȘwĴīĴðĊæðĊZÆĴďÅÐīǡǟǡǠș

œÐșăďĊæœðĴìLșåďīĉÐÌĴìÐŒðĴðďĊăðĉĴÐ}Įā9ďīÆÐ

œðĴìĊðĊÐďĴìÐīðīăðĊÐĮĊÌĴìÐďĮĴďĊďĊĮķăĴðĊæ:īďķĨȘ

}ďæÐĴìÐīșœÐĨăĊĴďðĊŒÐĮĴðĊĊÌåÆðăðĴĴÐĴìÐÌÐŒÐăďĨĉÐĊĴ

ďåÐĉÐīæðĊæĴÐÆìĊďăďæðÐĮĴďÌÐÆīÅďĊðšÐŒðĴðďĊȘ

(6) Carbon Offsetting:ÐÅÐăðÐŒÐĴìĴĴìÐīÐðĮīďăÐåďīìðæìȭ

ðĊĴÐæīðĴřÆīÅďĊÆīÐÌðĴĮĴďìÐăĨďååĮÐĴÐĉðĮĮðďĊĮĴìĴœÐīÐ

ķĊÅăÐĴďŒďðÌĴďÌřȘLÐĴăķÐðĮĨīďķÌĴďìŒÐŒďăķĊĴīðăř

ďååĮÐĴĉďīÐĴìĊǠǠĉðăăðďĊĉÐĴīðÆĴďĊĮďåZǡÐĉðĮĮðďĊĮ

ĴìīďķæìǡǟǡǡȘĮăďœÐīȭÆīÅďĊĮďăķĴðďĊĮœðĴìðĊĴìÐðīăðĊÐȸĮ

ďĨÐīĴðďĊĮìŒÐÅÐÆďĉÐĉďīÐīÐÌðăřŒðăÅăÐșœÐìŒÐ

ĮĴīĴÐÌĴďīÐÌķÆÐĴìÐŒďăķĉÐďåÆīÅďĊďååĮÐĴĮĨķīÆìĮÐÌ

ĊÌÐĊÌÐÌĴìÐÌďĉÐĮĴðÆÆīÅďĊĊÐķĴīăðĴřðĊðĴðĴðŒÐăķĊÆìÐÌ

ðĊǡǟǡǟȘ}ďåķīĴìÐīìðæìȭĪķăðĴřșìðæìȭðĊĴÐæīðĴřÆīÅďĊÆīÐÌðĴ

ŒðăÅðăðĴřðĊĴìÐŒďăķĊĴīřÆīÅďĊĉīāÐĴșLÐĴăķÐþďðĊÐÌ

ĴìÐķĮðĊÐĮĮăăðĊÆÐĴďwÆăÐăðĉĴÐwďăķĴðďĊĮȧwwȨðĊ

ǡǟǡǡĮĴìÐťīĮĴðīăðĊÐĉÐĉÅÐīĴďďĨÐĊďĨĨďīĴķĊðĴðÐĮåďī

ðĊŒÐĮĴĉÐĊĴșĨďăðÆřðĊåăķÐĊÆÐșĊÌÌðĮÆķĮĮðďĊĮœðĴìďĴìÐī

ÆďīĨďīĴðďĊĮĊÌĊďĊæďŒÐīĊĉÐĊĴăďīæĊðšĴðďĊĮȧȵU:ZwȶȨȥ

ðĊĴÐīæďŒÐīĊĉÐĊĴăďīæĊðšĴðďĊĮȧȵA:ZwȶȨðĊăðæĊÐÌĉÐĮĮæðĊæ

īďķĊÌĮÆăðĊæÆăðĉĴÐĮďăķĴðďĊĮȘ

AĊLĊķīř ǡǟǡǡș œÐĊĊďķĊÆÐÌĴìÐăķĊÆìďåĴìÐLÐĴăķÐ

wķĮĴðĊÅăÐ}īŒÐăqīĴĊÐīĮqīďæīĉĴďìÐăĨÆďīĨďīĴÐĴīŒÐă

ÆķĮĴďĉÐīĮīÐÌķÆÐĴìÐðīÅķĮðĊÐĮĮĴīŒÐăÐĉðĮĮðďĊĮĊÌĉÐÐĴ

ĴìÐðīďœĊÆďīĨďīĴÐĮķĮĴðĊÅðăðĴřĴīæÐĴĮȘAĊāÐÐĨðĊæœðĴì

LÐĴăķÐȸĮÆķĮĴďĉÐīåďÆķĮșœÐĨīďŒðÌÐÆďīĨďīĴÐĴīŒÐăĨīĴĊÐīĮ

œðĴìĨÐīĮďĊăðšÐÌÌĴĊÌīÐĮďķīÆÐĮĴďìÐăĨĴìÐĉÐĊìĊÆÐĴìÐ

ĮķĮĴðĊÅðăðĴřďåĴìÐðīĴīŒÐăĴìīďķæìw9ÆÐīĴðťÆĴÐĮșÆīÅďĊ

ďååĮÐĴĴðĊæșĨÐīĮďĊăðšÐÌĴīŒÐăÌĴĊÌĊăřĮðĮåďīÆďīĨďīĴÐ

īÐĨďīĴðĊæșĊÌÆďĊĮķăĴĴðďĊĊÌĴďďăĮåďīÆķĮĴďĉĨăĊĊðĊæĊÌ

ĴīæÐĴȭĮÐĴĴðĊæȘ

SOCIAL

'ŒÐīřÌřœÐðĉĴďăðŒÐďķīĉðĮĮðďĊďåðĊĮĨðīðĊæìķĉĊðĴřÅř

ÌīðŒðĊæðĊÆăķĮðďĊÅďĴìðĊĮðÌÐĊÌďķĴĮðÌÐĴìÐďĉĨĊřȘìðăÐœÐ

īÐÆďæĊðšÐĴìĴĴìÐīÐðĮăÆāďåÌðŒÐīĮðĴřðĊÆÐīĴðĊīÐĮďåĴìÐ

ÆďĉĉÐīÆðăŒðĴðďĊðĊÌķĮĴīřșœÐīÐĴāðĊæĮĴÐĨĮĴďÌÌīÐĮĮĴìĴ

ÆìăăÐĊæÐȘ

ZķīÐååďīĴĮĴďĨīďĉďĴÐÌðŒÐīĮðĴřșÐĪķðĴřĊÌðĊÆăķĮðďĊȧȵ#'AȶȨīÐ

ÆÐĊĴÐīÐÌīďķĊÌĴìīÐÐāÐřīÐĮȚȧǠȨĨÐďĨăÐțȧǡȨĮďķīÆðĊæțĊÌȧǢȨ

ÅīĊÌȘ

■ People

— #ÐŒÐăďĨìðīðĊæĨīďÆÐĮĮĴìĴĉðĴðæĴÐĮìīĉåķăÅðĮÐĮðĊ

ďīÌÐīĴďðĉĨīďŒÐīÐĨīÐĮÐĊĴĴðďĊďåĴăÐĊĴĴăăăÐŒÐăĮďåĴìÐ

Company.

— 'ÌķÆĴÐĊÌðĊåďīĉďĊ#'AĴìīďķæìðĊåďīĉăăÐīĊðĊæĊÌ

īÐŒðÐœďåĨīÆĴðÆÐĮĊÌĨďăðÆðÐĮȘ

— 9ďÆķĮďĊďķīĨÐďĨăÐșÆďĊĴðĊķÐĴďĨīďĉďĴÐșĊÌðĊŒÐĮĴðĊ

ÌðŒÐīĮÐĴăÐĊĴȘ

— Zķī æďă ðĮ Ĵď ÌďķÅăÐ ďķī īÆðă ĊÌ ÐĴìĊðÆ ĉðĊďīðĴř

īÐĨīÐĮÐĊĴĴðďĊĴĴìÐďŨÆÐīĊÌÌðīÐÆĴďīăÐŒÐăĴďǡǤɦșĊÌ

ĴďðĊÆīÐĮÐďķīåÐĉăÐīÐĨīÐĮÐĊĴĴðďĊĴĴìÐĮÐăÐŒÐăĮĴďǣǟɦș

ÅřĴìÐÐĊÌďåǡǟǡǤȘ

■ Sourcing

— 'ĊææÐĉðĊďīðĴřĊÌœďĉÐĊȭďœĊÐÌÅķĮðĊÐĮĮÐĊĴÐīĨīðĮÐĮ

œðĴìĨīďŒÐĊÆďĉĉðĴĉÐĊĴĴď#'AðĊĴìÐðīăðĊÐĮďåÅķĮðĊÐĮĮȘ

ZķīæďăðĮĴďæīďœďķīĮĨÐĊÌœðĴìÅķĮðĊÐĮĮÐĮďœĊÐÌÅř

ķĊÌÐīīÐĨīÐĮÐĊĴÐÌ æīďķĨĮÅřǤɦĊĊķăăřȘ AĊǡǟǡǡșœÐ

ÐĊææÐÌœðĴìǡǠǟÌðŒÐīĮÐÅķĮðĊÐĮĮĨīĴĊÐīĮĊÌĮĨÐĊĴ

ɄǦǣɁĉðăăðďĊœðĴìÌðŒÐīĮÐÅķĮðĊÐĮĮÐĮȘ

■ Brand

— 'ĊĮķīÐðĊÆăķĮðŒðĴřðĊďķīďååÐīðĊæĮÅřÆĨĴķīðĊæĴìÐÌðŒÐīĮÐ

ĊÐÐÌĮÆīďĮĮďķīÆķĮĴďĉÐīÅĮÐȘ

— qīĴĊÐīœðĴìŒăķÐĮȭăðæĊÐÌÅķĮðĊÐĮĮÐĮĊÌďīæĊðšĴðďĊĮ

œðĴìðĊĴìÐÆďĉĉķĊðĴðÐĮœÐĮÐīŒÐȘ

— 'ŒăķĴÐĮďÆðăĊÌĉīāÐĴĮìðåĴĮĊÌĴìÐðīðĉĨÆĴďĊďķī

customers’ experience.

GOVERNANCE

ÐÅÐăðÐŒÐĴìĴĮĴīďĊæÆďīĨďīĴÐæďŒÐīĊĊÆÐșðĊåďīĉÐÌÅřÌðīÐÆĴ

ÐĊææÐĉÐĊĴœðĴìďķīĮĴāÐìďăÌÐīĮșÆīÐĴÐĮĴìÐåďķĊÌĴðďĊĴìĴ

ăăďœĮķĮĴďĨķīĮķÐďķīĉðĮĮðďĊĴďðĊĮĨðīÐìķĉĊðĴřȘÐĮĴīðŒÐĴď

ÆďĊÌķÆĴďķīÅķĮðĊÐĮĮðĊœřĮĴìĴīÐĨīðĊÆðĨăÐÌșĴīĊĮĨīÐĊĴș

ĊÌÆÆďķĊĴÅăÐĴďďķīĮĴāÐìďăÌÐīĮȘ

15JETBLUE AIRWAYS CORPORATION |

2022

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A}'TǠɁwAU'ww

ÐīÐæķăīăřÌÐŒÐăďĨșÐŒăķĴÐșĊÌīÐĮìĨÐÆďĉĨĊřĨďăðÆðÐĮ

ĊÌĨīďÆÐÌķīÐĮĴďÐĊĮķīÐåðīĊÐĮĮĊÌăðæĊĉÐĊĴĴďďķīŒăķÐĮȘ

ÐĴāÐĨīďÆĴðŒÐĨĨīďÆìĴďĴīÆāðĊæșďĨÐīĴðďĊăðšĴðďĊș

ĊÌĉðĴðæĴðďĊďåīðĮāĮLÐĴăķÐåÆÐĮȘ}ìðĮðĊÆăķÌÐĮÆăðĉĴÐīðĮā

ĮÆÐĊīðďĨăĊĊðĊæĊÌðĊĴÐīĊăīÐĮĨďĊĮÐĨīďĴďÆďăĮðĊīÐĮĨďĊĮÐĴď

'w:ĴīÐĊÌĮȘÐīÐÌÐÌðÆĴÐÌĴďÌðĮÆăďĮðĊæÆÆķīĴÐÌĴÆīďĮĮ

ŒīðÐĴřďåĉĴÐīðăĴďĨðÆĮĮķÆìĮæďŒÐīĊĊÆÐșÐŘÐÆķĴðŒÐĨřș

ÆďĉĨĊřÐĉðĮĮðďĊĮșĊÌœďīāåďīÆÐÌðŒÐīĮðĴřȘ

ZķīďīÌďå#ðīÐÆĴďīĮȧȵďīÌȶȨìĮķăĴðĉĴÐďŒÐīĮðæìĴďå

ÐĊĴÐīĨīðĮÐīðĮāĮĊÌðĮðĊåďīĉÐÌďåĴìÐĮÐīðĮāĮĪķīĴÐīăřÅř

ĴìÐķÌðĴďĉĉðĴĴÐÐĊÌĴăÐĮĴĊĊķăăřÅřĴìÐ:ďŒÐīĊĊÆÐ

ĊÌUďĉðĊĴðĊæďĉĉðĴĴÐÐȘAĊǡǟǠǨșďķīďīÌåďīĉÐÌĊ'w:

wķÅÆďĉĉðĴĴÐÐĴďĴìÐ:ďŒÐīĊĊÆÐĊÌUďĉðĊĴðĊæďĉĉðĴĴÐÐ

ĴďÐĊĮķīÐĴìÐďīÌðĮœīÐďåĴìÐďĉĨĊřȸĮ'w:ĮĴīĴÐæřĊÌ

ìĮÆďĉĨīÐìÐĊĮðŒÐķĊÌÐīĮĴĊÌðĊæďå'w:ĉĴĴÐīĮșœìðÆìœÐ

ÆďĊĴðĊķÐÌĴďďĨÐīĴÐĴìīďķæìďķĴǡǟǡǡȘ

Ð īÐĨďīĴ ĊĊķăăř ďĊ 'w: ðĮĮķÐĮ ķĮðĊæ ĴìÐ wķĮĴðĊÅăÐ

ÆÆďķĊĴðĊæwĴĊÌīÌĮ ďīÌ ĊÌ }Įā9ďīÆÐ ďĊ ăðĉĴÐȭ

tÐăĴÐÌ9ðĊĊÆðă#ðĮÆăďĮķīÐĮåīĉÐœďīāĮȘZķī'ĊŒðīďĊĉÐĊĴă

wďÆðă:ďŒÐīĊĊÆÐtÐĨďīĴÆĊÅÐåďķĊÌďĊďķīAĊŒÐĮĴďītÐăĴðďĊĮ

website.

Emergence from the COVID-19 Pandemic

AĊīÐĮĨďĊĮÐĴďĴìÐZA#ȭǠǨĨĊÌÐĉðÆșœÐÆďĊĴðĊķÐÌĴďĨīðďīðĴðšÐ

ĴìÐĮåÐĴřďåďķīÆīÐœĉÐĉÅÐīĮœìðăÐÆďĊĴðĊķðĊæĴďĮķĨĨďīĴĴìÐ

ĊÐÐÌĮďåďķīďĨÐīĴðďĊĮÌķīðĊæĴìðĮĨÐīðďÌȘ

ÐåÆÐÌÆìăăÐĊæÐĮðĊÐīăřǡǟǡǡÌķÐĴďĴìÐĮĨīÐÌďåĴìÐ

ZĉðÆīďĊŒīðĊĴșĮĴŨĊæīĉĨķĨșœÐĴìÐīÐŒÐĊĴĮșĊÌðīĴīŨÆ

ÌÐăřĮȘ}ďÌÌīÐĮĮĴìÐĮÐÆìăăÐĊæÐĮœÐīÐĮĨďĊÌÐÌœðĴìĮÆìÐÌķăÐ

īÐÌķÆĴðďĊșðĊÆīÐĮÐÌìðīðĊæÐååďīĴĮșĊÌÆďĊĴðĊķÐÌďĨÐīĴðďĊă

ðĊŒÐĮĴĉÐĊĴĮȘZŒÐīĴìÐÆďķīĮÐďåĴìÐřÐīșœÐĮœÌÐĉĊÌĊÌ

īÐŒÐĊķÐĴīÐĊÌĮÆÆÐăÐīĴÐșīÐĮķăĴðĊæðĊďķīīÐĴķīĊĴďĨīďťĴÅðăðĴř

ðĊĴìÐĴìðīÌĊÌåďķīĴìĪķīĴÐīĮďåǡǟǡǡȘ

Regulation

ðīăðĊÐĮīÐìÐŒðăřīÐæķăĴÐÌșœðĴìīķăÐĮĊÌīÐæķăĴðďĊĮĮÐĴÅř

ŒīðďķĮåÐÌÐīășĮĴĴÐșĊÌăďÆăæÐĊÆðÐĮȘÐăĮďďĨÐīĴÐķĊÌÐī

ĮĨÐÆðťÆīÐæķăĴðďĊĮÌķÐĴďďķīďĨÐīĴðďĊĮœðĴìðĊĴìÐìðæìÌÐĊĮðĴř

ðīĮĨÆÐďåĴìÐUďīĴìÐĮĴȘTďĮĴďåďķīðīăðĊÐďĨÐīĴðďĊĮīÐ

īÐæķăĴÐÌÅřȘwȘæďŒÐīĊĉÐĊĴăæÐĊÆðÐĮșðĊÆăķÌðĊæȚ

DOT

}ìÐ#Z}ĨīðĉīðăřīÐæķăĴÐĮÐÆďĊďĉðÆðĮĮķÐĮååÐÆĴðĊæðī

ĮÐīŒðÆÐðĊÆăķÌðĊæșÅķĴĊďĴăðĉðĴÐÌĴďșÆÐīĴðťÆĴðďĊĊÌťĴĊÐĮĮș

ðĊĮķīĊÆÐșÆďĊĮķĉÐīĨīďĴÐÆĴðďĊșĊÌÆďĉĨÐĴðĴðŒÐĨīÆĴðÆÐĮȘ

AĴìĮĴìÐķĴìďīðĴřĴďðĊŒÐĮĴðæĴÐĊÌðĊĮĴðĴķĴÐĨīďÆÐÐÌðĊæĮĴď

ÐĊåďīÆÐðĴĮÐÆďĊďĉðÆīÐæķăĴðďĊĮșðĊÆăķÌðĊæðĴĮĴīĉÆÌÐăřș

åķăăåīÐÌŒÐīĴðĮðĊæĊÌåðīĊÌÌÐÆÐĨĴðŒÐĨīÆĴðÆÐīÐæķăĴðďĊĮș

ĊÌĉřĮĮÐĮĮÆðŒðăĨÐĊăĴðÐĮșīÐŒďāÐďĨÐīĴðĊæķĴìďīðĴřșĊÌ

ĮÐÐāÆīðĉðĊăĮĊÆĴðďĊĮåďīŒīðďķĮăÐŒÐăĮĊÌĉĊĊÐīĮďåĊďĊȭ

compliance.

FAA

}ìÐ9ĨīðĉīðăřīÐæķăĴÐĮåăðæìĴďĨÐīĴðďĊĮșðĊĨīĴðÆķăīș

ĉĴĴÐīĮååÐÆĴðĊæðīĮåÐĴřȘ}ìðĮðĊÆăķÌÐĮÅķĴðĮĊďĴăðĉðĴÐÌ

ĴďðīœďīĴìðĊÐĮĮīÐĪķðīÐĉÐĊĴĮåďīðīÆīåĴșĴìÐăðÆÐĊĮðĊæďå

ĨðăďĴĮșĉÐÆìĊðÆĮĊÌÌðĮĨĴÆìÐīĮșĊÌĴìÐÆÐīĴðåðÆĴðďĊďå

ŦðæìĴĴĴÐĊÌĊĴĮȘAĴīÐĪķðīÐĮÐÆìðīăðĊÐĴďďÅĴðĊĊďĨÐīĴðĊæ

ÆÐīĴðťÆĴÐķĴìďīðšðĊæĴìÐðīăðĊÐĴďďĨÐīĴÐĴĮĨÐÆðťÆðīĨďīĴĮ

ķĮðĊæĮĨÐÆðåðÐÌÐĪķðĨĉÐĊĴȘOðāÐăăȘwȘÆÐīĴðåðÐÌÆīīðÐīĮș

LÐĴăķÐÆĊĊďĴ åăř Ĵď ĊÐœÌÐĮĴðĊĴðďĊĮ œðĴìďķĴ ĴìÐ Ĩīðďī

ķĴìďīðšĴðďĊďåĴìÐ9ȘåĴÐīĨīďŒðÌðĊæĊďĴðÆÐĊÌìÐīðĊæș

ĴìÐ9ìĮĴìÐķĴìďīðĴřĴďĉďÌðåřșĮķĮĨÐĊÌĴÐĉĨďīīðăřďī

īÐŒďāÐĨÐīĉĊÐĊĴăřďķīķĴìďīðĴřĴďĨīďŒðÌÐðīĴīĊĮĨďīĴĴðďĊ

ďīĴìĴďåďķīăðÆÐĊĮÐÌĨÐīĮďĊĊÐăåďīåðăķīÐĴďÆďĉĨăřœðĴì9

īÐæķăĴðďĊĮȘAĴÆĊÌÌðĴðďĊăăřĮĮÐĮĮÆðŒðăĨÐĊăĴðÐĮåďīĮķÆì

åðăķīÐĮĮœÐăăĮðĊĮĴðĴķĴÐĨīďÆÐÐÌðĊæĮåďīĴìÐðĉĨďĮðĴðďĊĊÌ

ÆďăăÐÆĴðďĊďåĉďĊÐĴīřåðĊÐĮåďīĴìÐŒðďăĴðďĊďåÆÐīĴðĊ9

īÐæķăĴðďĊĮȘìÐĊĮðæĊðťÆĊĴĮåÐĴřðĮĮķÐĮīÐðĊŒďăŒÐÌșðĴÆĊ

īÐŒďāÐȘwȘÆīīðÐīȸĮķĴìďīðĴřĴďĨīďŒðÌÐðīĴīĊĮĨďīĴĴðďĊ

ďĊĊÐĉÐīæÐĊÆřÅĮðĮșœðĴìďķĴĨīďŒðÌðĊæĊďĴðÆÐĊÌìÐīðĊæȘ

AĴĉďĊðĴďīĮďķīÆďĉĨăðĊÆÐœðĴìĉðĊĴÐĊĊÆÐĮœÐăăĮŦðæìĴ

ďĨÐīĴðďĊĮĊÌĮåÐĴřīÐæķăĴðďĊĮȘAĴĉðĊĴðĊĮīÐĪķðĮðĴÐăÐŒÐă

ďåďŒÐīĮðæìĴĊÌĨÐīåďīĉĮåīÐĪķÐĊĴðĊȭĨÐīĮďĊĮĨďĴðĊĮĨÐÆĴðďĊĮ

ďåďķīðīÆīåĴșÆīÐœĉÐĉÅÐīĮșĊÌīÐÆďīÌĮȘ}ìÐ9ăĮďìĮĴìÐ

ķĴìďīðĴřĴďðĮĮķÐðīœďīĴìðĊÐĮĮÌðīÐÆĴðŒÐĮĊÌďĴìÐīĉĊÌĴďīř

ďīÌÐīĮȘ}ìðĮðĊÆăķÌÐĮĴìÐðĊĮĨÐÆĴðďĊďåðīÆīåĴĊÌÐĊæðĊÐĮșťīÐ

īÐĴīÌĊĴĊÌĮĉďāÐÌÐĴÐÆĴðďĊÌÐŒðÆÐĮșÆďăăðĮðďĊĊÌœðĊÌĮìÐī

ŒďðÌĊÆÐĮřĮĴÐĉĮșĊďðĮÐÅĴÐĉÐĊĴșĊÌĴìÐĉĊÌĴďīřīÐĉďŒă

ĊÌīÐĨăÆÐĉÐĊĴďåðīÆīåĴĨīĴĮĴìĴìŒÐåðăÐÌďīĉřåðăðĊĴìÐ

åķĴķīÐȘÐìŒÐĊÌĉðĊĴðĊ9ÆÐīĴðťÆĴÐĮďåðīœďīĴìðĊÐĮĮ

åďīăăďåďķīðīÆīåĴĊÌìŒÐĴìÐĊÐÆÐĮĮīř9ķĴìďīðĴřĴďŦř

ĴďăăďåĴìÐÌÐĮĴðĊĴðďĊĮœÐÆķīīÐĊĴăřĮÐīŒÐȘ

Transportation Security Administration and

U.S. Customs and Border Protection

}ìÐ}īĊĮĨďīĴĴðďĊwÐÆķīðĴřÌĉðĊðĮĴīĴðďĊșďī}wșĊÌĴìÐ

ȘwȘķĮĴďĉĮĊÌďīÌÐīqīďĴÐÆĴðďĊșďīqșďĨÐīĴÐķĊÌÐīĴìÐ

#ÐĨīĴĉÐĊĴďå>ďĉÐăĊÌwÐÆķīðĴřĊÌīÐīÐĮĨďĊĮðÅăÐåďīăăÆðŒðă

ŒðĴðďĊĮÐÆķīðĴřȘ}ìðĮðĊÆăķÌÐĮĨĮĮÐĊæÐīĊÌÅæææÐĮÆīÐÐĊðĊæț

ÆīæďĮÐÆķīðĴřĉÐĮķīÐĮțðīĨďīĴĮÐÆķīðĴřțĮĮÐĮĮĉÐĊĴĊÌ

ÌðĮĴīðÅķĴðďĊďåðĊĴÐăăðæÐĊÆÐțĮÐÆķīðĴřīÐĮÐīÆìĊÌÌÐŒÐăďĨĉÐĊĴț

ðĊĴÐīĊĴðďĊăĨĮĮÐĊæÐīĮÆīÐÐĊðĊæțÆķĮĴďĉĮțĊÌæīðÆķăĴķīÐȘ

}ìÐřăĮďìŒÐÐĊåďīÆÐĉÐĊĴĨďœÐīĮĊÌĴìÐķĴìďīðĴřĴďðĮĮķÐ

īÐæķăĴðďĊĮșðĊÆăķÌðĊæðĊÆĮÐĮďåĊĴðďĊăÐĉÐīæÐĊÆřșœðĴìďķĴ

ĊďĴðÆÐďīÆďĉĉÐĊĴĨÐīðďÌȘ}ìÐřÆĊăĮďĮĮÐĮĮÆðŒðăĨÐĊăĴðÐĮåďī

ĮķÆìåðăķīÐĮĮœÐăăĮðĊĮĴðĴķĴÐĨīďÆÐÐÌðĊæĮåďīĴìÐðĉĨďĮðĴðďĊ

ĊÌÆďăăÐÆĴðďĊďåĉďĊÐĴīřåðĊÐĮåďīĴìÐŒðďăĴðďĊďåÆÐīĴðĊ

īÐæķăĴðďĊĮȘɁ

16 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TǠɁwAU'ww

Taxes & Fees

}ìÐðīăðĊÐðĊÌķĮĴīřðĮďĊÐďåĴìÐĉďĮĴìÐŒðăřĴŘÐÌðĊĴìÐȘwȘș

œðĴìĴŘÐĮĊÌåÐÐĮÆÆďķĊĴðĊæåďīĨĨīďŘðĉĴÐăřǠǤɦďåĴìÐĴďĴă

åīÐÆìīæÐÌĴďÆķĮĴďĉÐīȘðīăðĊÐĮīÐďÅăðæĴÐÌĴďåķĊÌăăďå

ĴìÐĮÐĴŘÐĮĊÌåÐÐĮīÐæīÌăÐĮĮďåĴìÐðīÅðăðĴřĴďĨĮĮĴìÐĮÐ

ÆìīæÐĮďĊĴďĴìÐÆķĮĴďĉÐīȘ}ìÐwÐĨĴÐĉÅÐīǠǠwÐÆķīðĴř9ÐÐ

œìðÆìðĮĮÐĴÅřĴìÐ}wĊÌðĮĨĮĮÐÌĴìīďķæìĴďĴìÐÆķĮĴďĉÐīș

ðĮÆķīīÐĊĴăřɄǤȘǥǟĨÐīÐĊĨăĊÐĉÐĊĴșīÐæīÌăÐĮĮďåĴìÐĊķĉÅÐīďå

ÆďĊĊÐÆĴðĊæŦðæìĴĮșĊÌīďķĊÌĴīðĨåÐÐðĮăðĉðĴÐÌĴďĉŘðĉķĉďå

ɄǠǠȘǡǟȘ'ååÐÆĴðŒÐ#ÐÆÐĉÅÐīǡǧșǡǟǠǤșĴìÐĊðĉăĊÌqăĊĴ>ÐăĴì

AĊĮĨÐÆĴðďĊwÐīŒðÆÐðīÆīåĴAĊĮĨÐÆĴðďĊåÐÐðĊÆīÐĮÐÌåīďĉɄǦǟȘǦǤ

ĴďɄǡǡǤĨÐīðĊĴÐīĊĴðďĊăðīÆīåĴīīðŒðĊæðĊĴìÐȘwȘ

State and Local

AĊÌÌðĴðďĊĴďĴìÐåÐÌÐīăīÐæķăĴðďĊĮœðĴìœìðÆìœÐĉķĮĴÆďĉĨăřș

œÐīÐăĮďĮķÅþÐÆĴĴďĮĴĴÐĊÌăďÆăăœĮĊÌīÐæķăĴðďĊĮðĊĴìÐ

ĮĴĴÐĮðĊœìðÆìœÐďĨÐīĴÐĊÌĴìÐīÐæķăĴðďĊĮďåŒīðďķĮăďÆă

ķĴìďīðĴðÐĮďĨÐīĴðĊæĴìÐðīĨďīĴĮœÐĮÐīŒÐȘ

Airport Access

L9NșO:ķīÌðșĊÌtďĊăÌtÐæĊĮìðĊæĴďĊUĴðďĊăðīĨďīĴș

īÐĮăďĴȭÆďĊĴīďăăÐÌðīĨďīĴĮĮķÅþÐÆĴĴďĴìÐȵ>ðæì#ÐĊĮðĴřtķăÐȶĊÌ

ĮķÆÆÐĮĮďīīķăÐĮðĮĮķÐÌÅřĴìÐ9șďīwăďĴĮȘ}ìÐĮÐīķăÐĮœÐīÐ

ðĉĨăÐĉÐĊĴÐÌÌķÐĴďĴìÐìðæìŒďăķĉÐďåĴīŨÆĴĴìÐĮÐĨďĨķăī

ðīĨďīĴĮăďÆĴÐÌðĊĴìÐĊďīĴìÐĮĴÆďīīðÌďīðīĮĨÆÐȘ}ìÐīķăÐĮăðĉðĴ

ĴìÐðīĴīŨÆðĊĊÌďķĴďåĴìÐĮÐðīĨďīĴĮÌķīðĊæĮĨÐÆðťÆĴðĉÐĮț

ìďœÐŒÐīșÐŒÐĊœðĴìĴìÐīķăÐĮðĊĨăÆÐșÌÐăřĮīÐĉðĊĉďĊæĴìÐ

ìðæìÐĮĴðĊĴìÐĊĴðďĊÌķÐĴďÆďĊĴðĊķðĊæðīĮĨÆÐÆďĊæÐĮĴðďĊȘ

ÌÌðĴðďĊăăřșœÐìŒÐwăďĴĮĴďĴìÐīwăďĴȭÆďĊĴīďăăÐÌðīĨďīĴĮ

æďŒÐīĊÐÌÅřķĊðĪķÐăďÆăďīÌðĊĊÆÐĮĊďĴĮķÅþÐÆĴĴďĴìÐ>ðæì

#ÐĊĮðĴřtķăÐșĮķÆìĮÐĮĴÆìÐĮĴÐīďķĊĴřðīĨďīĴðĊìðĴÐqăðĊĮș

UȘ:ĴÐÆÆÐĮĮðĮĊďĴìÐīÆďĉĉďĊðĮĮķÐĴÆÐīĴðĊðīĨďīĴĮȘ

Foreign Operations

AĊĴÐīĊĴðďĊăðīĴīĊĮĨďīĴĴðďĊðĮĮķÅþÐÆĴĴďÐŘĴÐĊĮðŒÐæďŒÐīĊĉÐĊĴ

īÐæķăĴðďĊȘ}ìÐŒðăÅðăðĴřďåðĊĴÐīĊĴðďĊăīďķĴÐĮĴďȘwȘðīăðĊÐĮ

ðĮīÐæķăĴÐÌÅřĴīÐĴðÐĮĊÌīÐăĴÐÌæīÐÐĉÐĊĴĮÅÐĴœÐÐĊĴìÐȘwȘ

ĊÌåďīÐðæĊæďŒÐīĊĉÐĊĴĮȘÐÆķīīÐĊĴăřďĨÐīĴÐðĊĴÐīĊĴðďĊă

ĮÐīŒðÆÐĴďĊĴðæķĊÌīÅķÌșīķÅșĴìÐìĉĮșīÅÌďĮș

ÐīĉķÌșĊÌșĴìÐřĉĊAĮăĊÌĮșďăďĉÅðșďĮĴtðÆș

ķÅșķīÉďșĴìÐ#ďĉðĊðÆĊtÐĨķÅăðÆș'ÆķÌďīș'ĊæăĊÌș

:īÐĊÌș:ķÌÐăďķĨÐș:ķĴÐĉăș:ķřĊș>ðĴðșLĉðÆșTÐŘðÆďș

qÐīķșwðĊĴOķÆðșwĴȘTīĴÐĊș}īðĊðÌÌĊÌ}ďÅæďșĊÌĴìÐ}ķīāĮ

ĊÌðÆďĮAĮăĊÌĮȘÐĊĴðÆðĨĴÐåķīĴìÐīÐŘĨĊÌðĊæďķīĊÐĴœďīā

ĴďqīðĮș9īĊÆÐðĊǡǟǡǢȘ}ďĴìÐÐŘĴÐĊĴœÐĮÐÐāĴďĨīďŒðÌÐðī

ĴīĊĮĨďīĴĴðďĊĴďÌÌðĴðďĊăðĊĴÐīĊĴðďĊăĉīāÐĴĮðĊĴìÐåķĴķīÐș

œÐœďķăÌÅÐīÐĪķðīÐÌĴďďÅĴðĊĊÐÆÐĮĮīřķĴìďīðĴřåīďĉĴìÐ#Z}

ĊÌĴìÐ9ĮœÐăăĮĴìÐĨĨăðÆÅăÐåďīÐðæĊæďŒÐīĊĉÐĊĴȘ

ÐÅÐăðÐŒÐœÐīÐďĨÐīĴðĊæðĊÆďĉĨăðĊÆÐœðĴì#Z}ș9ș}wș

qĊÌĨĨăðÆÅăÐðĊĴÐīĊĴðďĊăīÐæķăĴðďĊĮĮœÐăăĮìďăÌ

ăăĊÐÆÐĮĮīřďĨÐīĴðĊæĊÌðīœďīĴìðĊÐĮĮķĴìďīðšĴðďĊĮĊÌ

ÆÐīĴðťÆĴÐĮȘwìďķăÌĊřďåĴìÐĮÐķĴìďīðšĴðďĊĮďīÆÐīĴðťÆĴÐĮÅÐ

ĉďÌðťÐÌșĮķĮĨÐĊÌÐÌșďīīÐŒďāÐÌșďķīÅķĮðĊÐĮĮÆďķăÌÅÐĉĴÐīðăăř

ÌŒÐīĮÐăřååÐÆĴÐÌȘ

Other

ENVIRONMENTAL

ÐīÐĮķÅþÐÆĴĴďŒīðďķĮåÐÌÐīășĮĴĴÐĊÌăďÆăăœĮīÐăĴðĊæĴď

ĴìÐĨīďĴÐÆĴðďĊďåĴìÐÐĊŒðīďĊĉÐĊĴȘ}ìðĮðĊÆăķÌÐĮĴìÐīÐæķăĴðďĊ

ďå:>:ÐĉðĮĮðďĊĮșĴìÐÌðĮÆìīæÐďīÌðĮĨďĮăďåĉĴÐīðăĮĊÌ

ÆìÐĉðÆăĮșĮœÐăăĮĴìÐīÐæķăĴðďĊďåðīÆīåĴĊďðĮÐÌĉðĊðĮĴÐīÐÌ

ÅřĊķĉÐīďķĮĮĴĴÐĊÌåÐÌÐīăæÐĊÆðÐĮȘ

}ìÐðīĨďīĴUďðĮÐĊÌĨÆðĴřÆĴďåǠǨǨǟīÐÆďæĊðšÐĮĴìÐīðæìĴďå

ðīĨďīĴďĨÐīĴďīĮœðĴìĮĨÐÆðăĊďðĮÐĨīďÅăÐĉĮĴďðĉĨăÐĉÐĊĴăďÆă

ĊďðĮÐÅĴÐĉÐĊĴĨīďÆÐÌķīÐĮĮăďĊæĮĴìďĮÐĨīďÆÐÌķīÐĮÌďĊďĴ

ðĊĴÐīåÐīÐķĊīÐĮďĊÅăřœðĴìĴìÐðĊĴÐīĮĴĴÐĊÌåďīÐðæĊÆďĉĉÐīÆÐ

ďåĴìÐĊĴðďĊăðīĴīĊĮĨďīĴĴðďĊĮřĮĴÐĉȘÐīĴðĊðīĨďīĴĮș

ðĊÆăķÌðĊæwĊ#ðÐæďðīĨďīĴșìŒÐÐĮĴÅăðĮìÐÌīÐĮĴīðÆĴðďĊĮĴďăðĉðĴ

ĊďðĮÐœìðÆìÆĊðĊÆăķÌÐăðĉðĴĮďĊĴìÐĊķĉÅÐīďåìďķīăřďīÌðăř

ďĨÐīĴðďĊĮĊÌĴìÐĴðĉÐďåĮķÆìďĨÐīĴðďĊĮȘ}ìÐĮÐăðĉðĴĴðďĊĮ

īÐðĊĴÐĊÌÐÌĴďĨīďĴÐÆĴĴìÐăďÆăĊďðĮÐȭĮÐĊĮðĴðŒÐÆďĉĉķĊðĴðÐĮ

ĮķīīďķĊÌðĊæĴìÐðīĨďīĴȘZķīĮÆìÐÌķăÐÌŦðæìĴĮĴwĊ#ðÐæďðīĨďīĴ

īÐðĊÆďĉĨăðĊÆÐœðĴìĴìÐĊďðĮÐÆķīåÐœăðĉðĴĮșÅķĴďĊďÆÆĮðďĊ

œìÐĊœÐÐŘĨÐīðÐĊÆÐðīīÐæķăīďĨÐīĴðďĊĮșœÐĉřŒðďăĴÐĴìÐĮÐ

curfews.

ďĊÆÐīĊďŒÐīÆăðĉĴÐÆìĊæÐșðĊÆăķÌðĊæĴìÐðĉĨÆĴďåæăďÅă

œīĉðĊæșìĮăÐÌĴďĮðæĊðťÆĊĴȘwȘĊÌðĊĴÐīĊĴðďĊăăÐæðĮăĴðŒÐ

ĊÌīÐæķăĴďīřÐååďīĴĮĴďăðĉðĴ:>:ÐĉðĮĮðďĊĮșðĊÆăķÌðĊæďķī

ðīÆīåĴĊÌæīďķĊÌďĨÐīĴðďĊĮÐĉðĮĮðďĊĮȘAĊZÆĴďÅÐīǡǟǠǥș

ĴìÐAĊĴÐīĊĴðďĊăðŒðăŒðĴðďĊZīæĊðšĴðďĊȧȵAZȶȨĨĮĮÐÌ

īÐĮďăķĴðďĊÌďĨĴðĊæĴìÐīÅďĊZååĮÐĴĴðĊæĊÌtÐÌķÆĴðďĊwÆìÐĉÐ

åďīAĊĴÐīĊĴðďĊăŒðĴðďĊȧȵZtwAȶȨșœìðÆìðĮæăďÅășĉīāÐĴȭ

ÅĮÐÌÐĉðĮĮðďĊĮďååĮÐĴĨīďæīĉðĊĴÐĊÌÐÌĴďĨīďĉďĴÐÆīÅďĊȭ

ĊÐķĴīăæīďœĴìÅÐřďĊÌǡǟǡǟȘĊĊķăðĊĴÐīĊĴðďĊăÐĉðĮĮðďĊĮ

īÐĨďīĴðĊæðĮīÐĪķðīÐÌŒðZtwAĮďåĴìÐǡǟǠǨīÐĨďīĴðĊæřÐīșĊÌ

ďååĮÐĴĴðĊæÆďĉĨăðĊÆÐðĮĮÆìÐÌķăÐÌĴďÅÐðĉĨăÐĉÐĊĴÐÌĴìīďķæì

ĉķăĴðĨăÐĨìĮÐĮÅÐæðĊĊðĊæðĊǡǟǡǠȘAĊǡǟǡǟșæðŒÐĊĴìÐðĉĨÆĴĮ

ďåZA#ȭǠǨœìðÆìÌīĉĴðÆăăřīÐÌķÆÐÌǡǟǡǟÐĉðĮĮðďĊĮșAZ

æīÐÐÌĴìĴĴìÐÅĮÐăðĊÐåīďĉœìðÆìĴìÐðĊÌķĮĴīřÆìðÐŒÐĮÆīÅďĊ

ĊÐķĴīăæīďœĴìœďķăÌÅÐåīďĉǡǟǠǨďĊăřșīĴìÐīĴìĊĊŒÐīæÐďå

ǡǟǠǨĊÌǡǟǡǟĮďīðæðĊăăřðĊĴÐĊÌÐÌȘAZÆďĊĴðĊķÐĮĴďÌÐŒÐăďĨ

ÌÐĴðăĮīÐæīÌðĊæðĉĨăÐĉÐĊĴĴðďĊșÅķĴœÐÐŘĨÐÆĴÆďĉĨăðĊÆÐœðĴì

ZtwAœðăăðĊÆīÐĮÐďķīďĨÐīĴðĊæÆďĮĴĮȘ

ĮĨīĴďåďķīĮķĮĴðĊÅðăðĴřĊÌÐĊŒðīďĊĉÐĊĴăĮĴīĴÐæřșœÐ

īÐÐĉÅīÆðĊæĊÐœĴÐÆìĊďăďæðÐĮĊÌĉāðĊæÆìĊæÐĮĴìĴ

œðăăķăĴðĉĴÐăř ÅÐĊÐåðĴ ďķī ÆīÐœĉÐĉÅÐīĮșÆķĮĴďĉÐīĮșĊÌ

ĮĴďÆāìďăÌÐīĮȘÐÌðĮÆķĮĮĮďĉÐďåďķīĮķĮĴðĊÅðăðĴřðĊðĴðĴðŒÐĮ

ðĊȵ'ĊŒðīďĊĉÐĊĴășwďÆðă:ďŒÐīĊĊÆÐȯ'ĊŒðīďĊĉÐĊĴăȶÅďŒÐȘ

FOREIGN OWNERSHIP

ĊÌÐīåÐÌÐīăăœĊÌ#Z}īÐæķăĴðďĊĮșLÐĴăķÐĉķĮĴÅÐÆďĊĴīďăăÐÌ

ÅřȘwȘÆðĴðšÐĊĮȘAĊĴìðĮīÐæīÌșďķīÆìðÐåÐŘÐÆķĴðŒÐďŨÆÐīĊÌĴ

ăÐĮĴĴœďȭĴìðīÌĮďåďķīÅďīÌďåÌðīÐÆĴďīĮĉķĮĴÅÐȘwȘÆðĴðšÐĊĮȘ

9ķīĴìÐīșĊďĉďīÐĴìĊǡǣȘǨǨɦďåďķīďķĴĮĴĊÌðĊæÆďĉĉďĊĮĴďÆā

ĉřÅÐŒďĴÐÌÅřĊďĊȭȘwȘÆðĴðšÐĊĮȘÐÅÐăðÐŒÐœÐīÐÆķīīÐĊĴăřðĊ

ÆďĉĨăðĊÆÐœðĴìĴìÐĮÐďœĊÐīĮìðĨĨīďŒðĮðďĊĮȘ

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ăăðīăðĊÐĮīÐĮķÅþÐÆĴĴďÆÐīĴðĊĨīďŒðĮðďĊĮďåĴìÐďĉĉķĊðÆĴðďĊĮ

ÆĴďåǠǨǢǣ ÌķÐĴďĴìÐðī ÐŘĴÐĊĮðŒÐķĮÐďåīÌðď ĊÌďĴìÐī

ÆďĉĉķĊðÆĴðďĊåÆðăðĴðÐĮȘ}ìÐřīÐăĮďīÐĪķðīÐÌĴďďÅĴðĊĊ

ÐīďĊķĴðÆăīÌðďăðÆÐĊĮÐåīďĉĴìÐ9ÐÌÐīăďĉĉķĊðÆĴðďĊĮ

ďĉĉðĮĮðďĊșďī 9Ș }ďĴìÐÐŘĴÐĊĴœÐīÐĮķÅþÐÆĴĴď9

īÐĪķðīÐĉÐĊĴĮșœÐĴāÐăăĊÐÆÐĮĮīřĮĴÐĨĮĴďÆďĉĨăřœðĴìĴìďĮÐ

īÐĪķðīÐĉÐĊĴĮȘ

ÌÌðĴðďĊăăřșĮīÐĮķăĴďåďķīďĨÐīĴðďĊĮĴď>ŒĊșķÅșœÐ

īÐīÐĪķðīÐÌĴďÆďĉĨăřœðĴìīÐæķăĴðďĊĮĨīďĉķăæĴÐÌÅřĴìÐȘwȘ

#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȸĮZŨÆÐďå9ďīÐðæĊĮĮÐĴĮďĊĴīďăȘ

ZķīăÅďīīÐăĴðďĊĮīÐÆďŒÐīÐÌķĊÌÐī}ðĴăÐAAďåĴìÐtðăœřOÅďī

ÆĴďåǠǨǡǥĊÌīÐĮķÅþÐÆĴĴďĴìÐþķīðĮÌðÆĴðďĊďåĴìÐUTȘ

AĊÌÌðĴðďĊșÌķīðĊæĨÐīðďÌĮďååķÐăĮÆīÆðĴřșÆÆÐĮĮĴďðīÆīåĴåķÐă

ĉřÅÐĮķÅþÐÆĴĴďåÐÌÐīăăăďÆĴðďĊīÐæķăĴðďĊĮȘ

CIVIL RESERVE AIR FLEET

ÐīÐĨīĴðÆðĨĊĴðĊĴìÐðŒðătÐĮÐīŒÐðī9ăÐÐĴqīďæīĉșœìðÆì

ĨÐīĉðĴĮĴìÐȘwȘ#ÐĨīĴĉÐĊĴďå#ÐåÐĊĮÐĴďķĴðăðšÐďķīðīÆīåĴ

ÌķīðĊæĊĴðďĊăÐĉÐīæÐĊÆðÐĮœìÐĊĴìÐĊÐÐÌåďīĉðăðĴīřðīăðåĴ

ÐŘÆÐÐÌĮĴìÐÆĨÅðăðĴřďåĉðăðĴīřðīÆīåĴȘřĨīĴðÆðĨĴðĊæðĊ

ĴìðĮĨīďæīĉșœÐīÐÐăðæðÅăÐĴďÅðÌďĊĊÌÅÐœīÌÐÌĨÐÆÐĴðĉÐ

ðīăðåĴÆďĊĴīÆĴĮœðĴìĴìÐȘwȘĉðăðĴīřȘ

Insurance

ÐÆīīřŒīðďķĮĴřĨÐĮďåðĊĮķīĊÆÐÆķĮĴďĉīřðĊĴìÐðīăðĊÐ

ðĊÌķĮĴīřĊÌĴĉďķĊĴĮÌÐÐĉÐÌÌÐĪķĴÐĴďĨīďĴÐÆĴķĮĊÌ

ďķīĨīďĨÐīĴřĮœÐăăĮÆďĉĨăřœðĴìÅďĴìåÐÌÐīăīÐæķăĴðďĊĮĊÌ

ÆÐīĴðĊÆīÐÌðĴĊÌăÐĮÐæīÐÐĉÐĊĴĮȘ

Where You Can Find Other Information

ZķīœÐÅĮðĴÐðĮwww.jetblue.comȘAĊåďīĉĴðďĊÆďĊĴðĊÐÌďĊďķī

œÐÅĮðĴÐðĮĊďĴĨīĴďåĴìðĮtÐĨďīĴȘAĊåďīĉĴðďĊœÐåķīĊðĮìďī

ťăÐœðĴìĴìÐw'șðĊÆăķÌðĊæďķīĊĊķătÐĨďīĴĮďĊ9ďīĉɁǠǟȭNș

sķīĴÐīăřtÐĨďīĴĮďĊ9ďīĉɁǠǟȭsșķīīÐĊĴtÐĨďīĴĮďĊ9ďīĉɁǧȭN

ĊÌĊřĉÐĊÌĉÐĊĴĮĴďďīÐŘìðÅðĴĮðĊÆăķÌÐÌðĊĴìÐĮÐīÐĨďīĴĮ

īÐŒðăÅăÐåďīÌďœĊăďÌșåīÐÐďåÆìīæÐșďĊďķīœÐÅĮðĴÐĮďďĊ

åĴÐīĮķÆìīÐĨďīĴĮīÐťăÐÌœðĴìďīåķīĊðĮìÐÌĴďĴìÐw'ȘZķīw'

ťăðĊæĮșðĊÆăķÌðĊæÐŘìðÅðĴĮťăÐÌĴìÐīÐœðĴìșīÐăĮďŒðăÅăÐĴĴìÐ

w'ȸĮœÐÅĮðĴÐĴwww.sec.gov.

18 JETBLUE AIRWAYS CORPORATION |

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A}'TɁǠ RISK FACTORS

ÐīÐĮķÅþÐÆĴĴďŒīðďķĮīðĮāĮĴìĴĉāÐĊðĊŒÐĮĴĉÐĊĴðĊďķī

ĮÐÆķīðĴðÐĮīðĮāřȘ}ìÐÐŒÐĊĴĮĊÌÆďĊĮÐĪķÐĊÆÐĮÌðĮÆķĮĮÐÌðĊĴìÐĮÐ

īðĮāåÆĴďīĮÆďķăÌșðĊÆðīÆķĉĮĴĊÆÐĮœÐĉřďīĉřĊďĴÅÐÅăÐĴď

ÆÆķīĴÐăřĨīÐÌðÆĴșīÐÆďæĊðšÐșďīÆďĊĴīďășìŒÐĉĴÐīðăÌŒÐīĮÐ

ÐååÐÆĴďĊďķīÅķĮðĊÐĮĮșăðĪķðÌðĴřșťĊĊÆðăÆďĊÌðĴðďĊșĊÌīÐĮķăĴĮďå

ďĨÐīĴðďĊĮȘAĊÌÌðĴðďĊșĴìÐĮÐīðĮāĮÆďķăÌÆķĮÐďķīÆĴķăīÐĮķăĴĮ

ĴďÌðååÐīĉĴÐīðăăřåīďĉĴìďĮÐœÐÐŘĨīÐĮĮðĊåďīœīÌȭăďďāðĊæ

ĮĴĴÐĉÐĊĴĮÆďĊĴðĊÐÌðĊĴìðĮĊĊķătÐĨďīĴďīðĊďĴìÐīďĉĨĊř

ÆďĉĉķĊðÆĴðďĊĮȘ}ìÐĮÐīðĮāåÆĴďīĮÌďĊďĴðÌÐĊĴðåřăăīðĮāĮ

ĴìĴœÐåÆÐțďķīďĨÐīĴðďĊĮÆďķăÌăĮďÅÐååÐÆĴÐÌÅřåÆĴďīĮș

ÐŒÐĊĴĮșďīķĊÆÐīĴðĊĴðÐĮĴìĴīÐĊďĴĨīÐĮÐĊĴăřāĊďœĊĴďķĮďīĴìĴ

œÐÆķīīÐĊĴăřÌďĊďĴÆďĊĮðÌÐīĴďĨīÐĮÐĊĴĮðæĊðťÆĊĴīðĮāĮĴďďķī

ďĨÐīĴðďĊĮȘďķĮìďķăÌīÐÌĴìÐåďăăďœðĊæĮÐÆĴðďĊðĊÆďĊþķĊÆĴðďĊ

œðĴìĴìÐåďăăďœðĊæĮÐÆĴðďĊĮďåĴìðĮĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNȚ

qīĴAAȘAĴÐĉǦȘTĊæÐĉÐĊĴȸĮ#ðĮÆķĮĮðďĊĊÌĊăřĮðĮďå9ðĊĊÆðă

ďĊÌðĴðďĊĊÌtÐĮķăĴĮďåZĨÐīĴðďĊĮșďķīÆďĊĮďăðÌĴÐÌťĊĊÆðă

ĮĴĴÐĉÐĊĴĮĊÌĴìÐīÐăĴÐÌĊďĴÐĮșðĊÆăķÌÐÌðĊqīĴAAȘAĴÐĉǧĊÌ

ďķīȵ9ďīœīÌOďďāðĊæAĊåďīĉĴðďĊȘȶ

Summary

}ìÐåďăăďœðĊæðĮĮķĉĉīřďåĴìÐĨīðĊÆðĨăīðĮāĮœÐåÆÐĴìĴÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊďķīÅķĮðĊÐĮĮșăðĪķðÌðĴřșťĊĊÆðă

ÆďĊÌðĴðďĊșĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȚ

Risks Related to the COVID-19 Pandemic

■ }ìÐæăďÅăZA#ȭǠǨĨĊÌÐĉðÆĊÌæďŒÐīĊĉÐĊĴȭðĉĨďĮÐÌĉÐĮķīÐĮĴďÆďĊĴīďăðĴĮĮĨīÐÌìĮìÌșĊÌĉřÆďĊĴðĊķÐĴďìŒÐșĉĴÐīðă

ÌŒÐīĮÐðĉĨÆĴďĊĴìÐĴīŒÐăðĊÌķĮĴīřæÐĊÐīăăřĊÌșĮīÐĮķăĴșďĊķĮȘ

Risks Related to JetBlue

■ ÐďĨÐīĴÐðĊĊÐŘĴīÐĉÐăřÆďĉĨÐĴðĴðŒÐðĊÌķĮĴīřșĊÌåÆÐīðĮāĮ

ÌķÐĴďĴìÐăďĊæȭĴÐīĉĊĴķīÐďåďķīŦÐÐĴďīÌÐīÅďďāȘ

Operational Risks

■ ZķīÅķĮðĊÐĮĮðĮìðæìăřÌÐĨÐĊÌÐĊĴďĊĴìÐŒðăÅðăðĴřďååķÐăĊÌ

åķÐăðĮĮķÅþÐÆĴĴďĨīðÆÐŒďăĴðăðĴřȘ

■ ZķīĉðĊĴÐĊĊÆÐÆďĮĴĮœðăăðĊÆīÐĮÐĮďķīŦÐÐĴæÐĮȘ

■ ZķīĮăīðÐĮșœæÐĮșĊÌÅÐĊÐťĴĮðĊÆīÐĮÐĮďķīœďīāåďīÆÐ

æÐĮȘ

■ ÐåÆÐīðĮāĮĮĮďÆðĴÐÌœðĴìÌďðĊæÅķĮðĊÐĮĮðĊĴÐīĊĴðďĊăăřȘ

■ ZķīÆďĉĨīĴðŒÐăřìðæìðīÆīåĴķĴðăðšĴðďĊīĴÐìÐăĨĮķĮāÐÐĨ

ďķīÆďĮĴĮăďœșÅķĴăĮďĉāÐĮķĮŒķăĊÐīÅăÐĴďÌÐăřĮĊÌ

ÆĊÆÐăăĴðďĊĮșœìðÆìÆďķăÌīÐÌķÆÐďķīĨīďťĴÅðăðĴřĊÌìīĉ

our reputation.

■ ÐÌÐĨÐĊÌæīÐĴăřďĊĴìÐUÐœďīāĉÐĴīďĨďăðĴĊĉīāÐĴșĊÌ

ðĊÆīÐĮÐĮðĊÆďĉĨÐĴðĴðďĊďīĮìðåĴĮðĊÌÐĉĊÌåďīðīĴīŒÐăðĊĴìðĮ

ĉīāÐĴșďīæďŒÐīĊĉÐĊĴăīÐÌķÆĴðďĊďåďķīďĨÐīĴðĊæÆĨÆðĴř

ĴL9NœďķăÌìīĉķĮȘ

■ 'ŘĴÐĊÌÐÌðĊĴÐīīķĨĴðďĊĮďīÌðĮīķĨĴðďĊĮðĊĮÐīŒðÆÐĴďķīåďÆķĮ

ÆðĴðÐĮșĮœÐăăĮĮÐĮďĊăðĴřșœÐĴìÐīĊÌďĴìÐīåÆĴďīĮÆďķăÌ

ìŒÐĉĴÐīðăÌŒÐīĮÐðĉĨÆĴďĊķĮȘ

■ ÐĉřÅÐðĉĨÆĴÐÌÅřðĊÆīÐĮÐĮðĊðīĨďīĴÐŘĨÐĊĮÐĮīÐăĴðĊæ

ĴďðĊåīĮĴīķÆĴķīÐĊÌåÆðăðĴðÐĮșĮœÐăăĮĊÐœďīðĊÆīÐĮÐÌ

ĴīðååĮďĊðĉĨďīĴÐÌÆďĉĉÐīÆðăðīÆīåĴĊÌīÐăĴÐÌĨīĴĮȘ

■ ÐìŒÐăðĉðĴÐÌĊķĉÅÐīďåĮķĨĨăðÐīĮåďīďķīðīÆīåĴșÐĊæðĊÐĮș

ĊÌďķī9ăřȭ9ðɮĨīďÌķÆĴȘ

■ }ìÐU'œðĴìĉÐīðÆĊðĮĮķÅþÐÆĴĴďÆìăăÐĊæÐȘ

Risks Related to Our Merger with Spirit

■ }ď ÆďĊĮķĉĉĴÐ ĴìÐTÐīæÐīș œÐ ĊÌwĨðīðĴ ĉķĮĴ ďÅĴðĊ

ÆÐīĴðĊæďŒÐīĊĉÐĊĴăĨĨīďŒăĮșœìðÆìÆďķăÌþÐďĨīÌðšÐĴìÐ

ÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīďīīÐÌķÆÐðĴĮĊĴðÆðĨĴÐÌÅÐĊÐťĴĮȘ

■ 9ðăķīÐĴďÆďĊĮķĉĉĴÐĴìÐTÐīæÐīðĊĴðĉÐăřĉĊĊÐīďīĴăă

ÆďķăÌĊÐæĴðŒÐăřðĉĨÆĴĴìÐĉīāÐĴĨīðÆÐďåďķīÆďĉĉďĊĮĴďÆāȘ

■ ďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīĉřÅÐÌðăķĴðŒÐĴďďķīÐīĊðĊæĮ

ĨÐīĮìīÐșœìðÆìÆďķăÌĮðĉðăīăřĊÐæĴðŒÐăřðĉĨÆĴĴìÐĉīāÐĴ

price of our common stock.

■ }ìÐĨÐĊÌÐĊÆřďåĴìÐTÐīæÐīĉřÌðĮīķĨĴďķīÅķĮðĊÐĮĮȘ

■ ďĊĮķĉĉĴðďĊ ďå ĴìÐ TÐīæÐī œðăă īÐĮķăĴ ðĊ ķĮ ìŒðĊæ

ĮķÅĮĴĊĴðăăřæīÐĴÐīðĊÌÐÅĴÐÌĊÐĮĮșœìðÆìÆďķăÌÌŒÐīĮÐăř

ååÐÆĴďķīÅķĮðĊÐĮĮŦÐŘðÅðăðĴřșðĊÆīÐĮÐÅďīīďœðĊæÆďĮĴĮșĊÌ

īÐĮķăĴðĊÌďœĊæīÌÐĮðĊďķīÆīÐÌðĴīĴðĊæĮȘ

■ ÐĉřĊďĴīÐăðšÐĴìÐĮřĊÐīæðÐĮĊÌďĴìÐīÅÐĊÐåðĴĮďåĴìÐ

TÐīæÐīĴďĴìÐÐŘĴÐĊĴĨīÐÌðÆĴÐÌÅÐÆķĮÐďåīÐĪķðīÐÌÌðŒÐĮĴðĴķīÐĮș

ÌðŨÆķăĴðÐĮīÐăĴÐÌĴďðĊĴÐæīĴðďĊșĊÌĴìÐÆìðÐŒÐĉÐĊĴďåĮķÆì

ĮřĊÐīæðÐĮȘ

■ }ìÐÆďĉÅðĊÐÌÆďĉĨĊřðĮÐŘĨÐÆĴÐÌĴďðĊÆķīĮķÅĮĴĊĴðă

ÐŘĨÐĊĮÐĮșĊÌķĨďĊÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșœÐœðăăÅÐ

ÅďķĊÌÅřĴìÐďÅăðæĴðďĊĮĊÌăðÅðăðĴðÐĮďåÅďĴìÆďĉĨĊðÐĮȘ

■ ĊÆÐīĴðĊĴðÐĮĮĮďÆðĴÐÌœðĴìĴìÐTÐīæÐīĉřÆķĮÐăďĮĮ

ďåĉĊæÐĉÐĊĴĨÐīĮďĊĊÐăĊÌďĴìÐīāÐřÆīÐœĉÐĉÅÐīĮș

ĊÌĴìÐðĊĴÐæīĴðďĊďåœďīāåďīÆÐĮĊÌĊÐæďĴðĴðďĊďåþďðĊĴ

ăÅďīæīÐÐĉÐĊĴĮåďăăďœðĊæĴìÐTÐīæÐīĉřĨďĮÐÌÌðĴðďĊă

ÆìăăÐĊæÐĮȘ

■ }ìÐåķĴķīÐďåĴìÐÆďĉÅðĊÐÌÆďĉĨĊřœðăăĮķååÐīðåÐŘĨĊÌÐÌ

ďĨÐīĴðďĊĮīÐĊďĴÐååÐÆĴðŒÐăřĉĊæÐÌȘ

19JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}A|

A}'TɁǠɁtAwN9}Ztw

Data and Information Security Related Risks

■ ZķīīÐĨķĴĴðďĊĊÌÅķĮðĊÐĮĮĉřÅÐìīĉÐÌșĊÌœÐĉřÅÐ

ĮķÅþÐÆĴĴďăÐæăÆăðĉĮðåĴìÐīÐðĮăďĮĮșķĊăœåķăÌðĮÆăďĮķīÐďī

ĉðĮĨĨīďĨīðĴðďĊďåșďīķĊĮĊÆĴðďĊÐÌÆÆÐĮĮĴďșďķīÆķĮĴďĉÐīĮȸș

crewmembers’, business partners’ or our own information or

ďĴìÐīÅīÐÆìÐĮďåďķīðĊåďīĉĴðďĊĮÐÆķīðĴřȘ

■ #ĴĮÐÆķīðĴřÆďĉĨăðĊÆÐīÐĪķðīÐĉÐĊĴĮÆďķăÌðĊÆīÐĮÐďķī

ÆďĮĴĮșĊÌĊřĮðæĊðåðÆĊĴÌĴÅīÐÆìÆďķăÌÌðĮīķĨĴďķī

ďĨÐīĴðďĊĮĊÌìīĉďķīīÐĨķĴĴðďĊșÅķĮðĊÐĮĮșīÐĮķăĴĮďå

ďĨÐīĴðďĊĮĊÌťĊĊÆðăÆďĊÌðĴðďĊȘ

■ ÐīÐăřìÐŒðăřďĊķĴďĉĴÐÌĮřĮĴÐĉĮĴďďĨÐīĴÐďķīÅķĮðĊÐĮĮț

ĊřåðăķīÐďåĴìÐĮÐĮřĮĴÐĉĮÆďķăÌìīĉďķīÅķĮðĊÐĮĮȘ

Human Capital Related Risks

■ 9ðăķīÐĴďĴĴīÆĴĊÌīÐĴðĊĪķăðťÐÌĨÐīĮďĊĊÐășďīĉðĊĴðĊ

ÆďĉĨĊřÆķăĴķīÐșÆďķăÌìīĉďķīÅķĮðĊÐĮĮȘ

■ ÐĉřÅÐĮķÅþÐÆĴĴďķĊðďĊðšĴðďĊșœďīāĮĴďĨĨæÐĮșĮăďœÌďœĊĮș

ďīðĊÆīÐĮÐÌăÅďīÆďĮĴĮȘ

Reputational Risks

■ ĊÆÆðÌÐĊĴďīðĊÆðÌÐĊĴðĊŒďăŒðĊæďķīðīÆīåĴÆďķăÌìīĉďķī

īÐĨķĴĴðďĊĊÌÅķĮðĊÐĮĮȘ

■ ZķīÅķĮðĊÐĮĮÌÐĨÐĊÌĮďĊďķīĮĴīďĊæīÐĨķĴĴðďĊĊÌĴìÐŒăķÐ

ďåĴìÐLÐĴăķÐÅīĊÌȘ

Financing and Financial Risks

■ ÐìŒÐĮðæĊðťÆĊĴĉďķĊĴďåťŘÐÌďÅăðæĴðďĊĮĊÌœðăăðĊÆķī

ĮðæĊðťÆĊĴăřĉďīÐťŘÐÌďÅăðæĴðďĊĮðĊĴìÐåķĴķīÐșœìðÆìÆďķăÌ

ìīĉďķīÅðăðĴřĴďĮÐīŒðÆÐďķīÆķīīÐĊĴďÅăðæĴðďĊĮďīĮĴðĮåř

åķĴķīÐťŘÐÌďÅăðæĴðďĊĮȘ

■ ZķīăÐŒÐăďåðĊÌÐÅĴÐÌĊÐĮĮĉřăðĉðĴďķīÅðăðĴřĴďðĊÆķīÌÌðĴðďĊă

ÌÐÅĴĴďĉÐÐĴåķĴķīÐťĊĊÆðĊæĊÐÐÌĮȘ

■ ÐīÐĮķÅþÐÆĴĴďÆÐīĴðĊīÐĮĴīðÆĴðďĊĮÌķÐĴďďķīĨīĴðÆðĨĴðďĊðĊ

æďŒÐīĊĉÐĊĴăĨīďæīĉĮķĊÌÐīĴìÐt'wÆĴșĴìÐďĊĮďăðÌĴÐÌ

ĨĨīďĨīðĴðďĊĮÆĴșĊÌĴìÐĉÐīðÆĊtÐĮÆķÐqăĊÆĴȘ

■ AĊĮķŨÆðÐĊĴăðĪķðÌðĴřșðĊÆăķÌðĊæĮīÐĮķăĴďåĉĴÐīðăīÐĮÐīŒÐ

īÐĪķðīÐĉÐĊĴĮ åďīĨřĉÐĊĴĮ ÌķÐĴď ķĮ åīďĉ ÆīÐÌðĴ ÆīÌ

ĴīĊĮÆĴðďĊĮșĉřìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊķĮĊÌœÐ

ĉřĮÐÐāĉĴÐīðăĉďķĊĴĮďåÌÌðĴðďĊăťĊĊÆðăăðĪķðÌðĴřðĊ

ĴìÐĮìďīĴȭĴÐīĉȘ

■ ÐĉřĊÐŒÐīīÐăðšÐĴìÐåķăăŒăķÐďåďķīðĊĴĊæðÅăÐĮĮÐĴĮďī

ăďĊæȭăðŒÐÌĮĮÐĴĮșÆķĮðĊæķĮĴďīÐÆďīÌðĉĨðīĉÐĊĴĮĴìĴĉř

ĊÐæĴðŒÐăřååÐÆĴķĮȘ

Risks Associated with the Airline Industry

■ #ðĮÐĮÐ ďķĴÅīÐāĮș ÐĊŒðīďĊĉÐĊĴă ÌðĮĮĴÐīĮș ÆĴķă ďī

ĴìīÐĴÐĊÐÌÆĴĮďåĴÐīīďīðĮĉșďīÐĮÆăĴðďĊďåȘwȘĉðăðĴīř

ðĊŒďăŒÐĉÐĊĴďŒÐīĮÐĮÆďķăÌĮðæĊðťÆĊĴăřååÐÆĴĴīŒÐăÅÐìŒðďīș

œìðÆìœďķăÌÌŒÐīĮÐăřååÐÆĴďķīðĊÌķĮĴīřĊÌďķīÅķĮðĊÐĮĮȘ

■ 9ÐÌÐīăÅķÌæÐĴÆďĊĮĴīðĊĴĮďīåÐÌÐīăăřðĉĨďĮÐÌåķīăďķæìĮÌķÐ

ĴďÅķÌæÐĴĊÐæďĴðĴðďĊÌÐÌăďÆāĮĉřÌŒÐīĮÐăřååÐÆĴķĮȘ

■ ÐĉřÅÐååÐÆĴÐÌÅřæăďÅăÆăðĉĴÐÆìĊæÐďīÅřăÐæăș

īÐæķăĴďīřďīĉīāÐĴīÐĮĨďĊĮÐĮĴďĮķÆìÆìĊæÐȘ

■ ìĊæÐĮðĊæďŒÐīĊĉÐĊĴīÐæķăĴðďĊĮșðĊÆăķÌðĊæÐĊŒðīďĊĉÐĊĴă

īÐæķăĴðďĊĮșðĉĨďĮðĊæÌÌðĴðďĊăīÐĪķðīÐĉÐĊĴĮĊÌīÐĮĴīðÆĴðďĊĮ

ďĊķĮÆďķăÌðĊÆīÐĮÐďķīďĨÐīĴðĊæÆďĮĴĮĊÌīÐĮķăĴðĊĮÐīŒðÆÐ

ÌÐăřĮĊÌÌðĮīķĨĴðďĊĮȘ

■ }ìÐðīăðĊÐðĊÌķĮĴīřðĮĨīĴðÆķăīăřĮÐĊĮðĴðŒÐĴďÆìĊæÐĮðĊ

ÐÆďĊďĉðÆÆďĊÌðĴðďĊĮȘ

■ AĉĨăÐĉÐĊĴĴðďĊďåǤ:œðīÐăÐĮĮĴÐÆìĊďăďæřĊÐīĴìÐðīĨďīĴĮĴď

œìðÆìœÐďĨÐīĴÐÆďķăÌÌŒÐīĮÐăřååÐÆĴďķīÆďĊĴðĊķÐÌĮåÐ

operations.

Risks Related to the COVID-19 Pandemic

}ìÐæăďÅăZA#ȭǠǨĨĊÌÐĉðÆĊÌ

æďŒÐīĊĉÐĊĴȭðĉĨďĮÐÌĉÐĮķīÐĮĴďÆďĊĴīďăðĴĮ

ĮĨīÐÌìĮìÌșĊÌĉřÆďĊĴðĊķÐĴďìŒÐș

ĉĴÐīðăÌŒÐīĮÐðĉĨÆĴďĊĴìÐĴīŒÐăðĊÌķĮĴīř

æÐĊÐīăăřĊÌșĮīÐĮķăĴșďĊďķīÅķĮðĊÐĮĮĊÌ

īÐĮķăĴĮďåďĨÐīĴðďĊĮșĊÌĴìÐĮÐðĉĨÆĴĮĉř

ĨÐīĮðĮĴåďīĊÐŘĴÐĊÌÐÌĨÐīðďÌďåĴðĉÐȘ

}ìÐæăďÅăĮĨīÐÌĊÌðĉĨÆĴďåĴìÐZA#ȭǠǨĨĊÌÐĉðÆðĮ

ÆďĉĨăÐŘșķĊĨīÐÌðÆĴÅăÐșĊÌÆďĊĴðĊķďķĮăřÐŒďăŒðĊæșĊÌìĮ

īÐĮķăĴÐÌðĊĮðæĊðåðÆĊĴÌðĮīķĨĴðďĊĊÌÌÌðĴðďĊăīðĮāĮĴďďķī

ÅķĮðĊÐĮĮ ĮðĊÆÐǡǟǡǟșĴìÐĴīŒÐăĊÌìďĮĨðĴăðĴř ðĊÌķĮĴīðÐĮ

æÐĊÐīăăřșĊÌĴìÐæăďÅăÐÆďĊďĉřȘ}ìÐZA#ȭǠǨĨĊÌÐĉðÆ

ìĮăÐÌæďŒÐīĊĉÐĊĴĮĊÌďĴìÐīķĴìďīðĴðÐĮīďķĊÌĴìÐœďīăÌĴ

ŒīðďķĮĴðĉÐĮĴďðĉĨďĮÐĉÐĮķīÐĮðĊĴÐĊÌÐÌĴďÆďĊĴīďăðĴĮĮĨīÐÌș

ðĊÆăķÌðĊæīÐĮĴīðÆĴðďĊĮďĊăīæÐæĴìÐīðĊæĮďåĨÐďĨăÐșĴīŒÐăÅĊĮș

ÅďīÌÐīÆăďĮðĊæĮĊÌīÐĮĴīðÆĴðďĊĮșÅķĮðĊÐĮĮÆăďĮķīÐĮșĪķīĊĴðĊÐĮș

ĮìÐăĴÐīȭðĊȭĨăÆÐďīÌÐīĮșĮďÆðăÌðĮĴĊÆðĊæĊÌĉĮāðĊæĉÐĮķīÐĮș

ĊÌŒÆÆðĊĴðďĊĉĊÌĴÐĮȘĮīÐĮķăĴșĴìÐZA#ȭǠǨĨĊÌÐĉðÆș

ðĊÆăķÌðĊæĴìÐÐĉÐīæÐĊÆÐďåĊÐœŒīðĊĴĮșĊÌĴìÐĮĮďÆðĴÐÌ

ÆďĊĮÐĪķÐĊÆÐĮìŒÐĮðæĊðåðÆĊĴăřðĉĨÆĴÐÌæăďÅăĨĮĮÐĊæÐī

ðīĴīŒÐăĊÌìŒÐìÌĉĴÐīðăÌÐĴīðĉÐĊĴăðĉĨÆĴďĊæăďÅă

ÆďĉĉÐīÆðăÆĴðŒðĴřÆīďĮĮĴìÐĴīŒÐăĊÌìďĮĨðĴăðĴřðĊÌķĮĴīðÐĮș

ăăďåœìðÆììĮìÌșĊÌĉřÆďĊĴðĊķÐĴďìŒÐșĉĴÐīðăÌŒÐīĮÐ

ðĉĨÆĴďĊďķīÅķĮðĊÐĮĮșďĨÐīĴðďĊĮșĊÌťĊĊÆðăīÐĮķăĴĮȘ

ăĴìďķæìĴìÐðĉĨÆĴďåĴìÐZA#ȭǠǨĨĊÌÐĉðÆďĊďķīÅķĮðĊÐĮĮ

ĊÌĴìÐĴīŒÐăĊÌìďĮĨðĴăðĴřðĊÌķĮĴīðÐĮìĮĉďÌÐīĴÐÌșĴìÐ

ÐŘĴÐĊĴșÌķīĴðďĊșĊÌĉæĊðĴķÌÐďåĴìÐZA#ȭǠǨĨĊÌÐĉðÆȸĮ

ÆďĊĴðĊķðĊæĊÌĨďĮĮðÅăÐīÐĮķīæÐĊĴÐååÐÆĴĮœðăăÌÐĨÐĊÌďĊŒīðďķĮ

åÆĴďīĮșăăďåœìðÆìīÐìðæìăřķĊÆÐīĴðĊșÌðŨÆķăĴĴďĨīÐÌðÆĴĊÌ

ĊďĴÆďĊĴīďăăÐÌÅřķĮȘ}ìÐĮÐåÆĴďīĮðĊÆăķÌÐșÅķĴīÐĊďĴăðĉðĴÐÌĴďȚ

ĴìÐðĉĨÆĴďåĴìÐĨĊÌÐĉðÆďĊæăďÅăĊÌīÐæðďĊăÐÆďĊďĉðÐĮĊÌ

20 JETBLUE AIRWAYS CORPORATION |

2022

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qt}A |

A}'TɁǠɁtAwN9}Ztw

ĴīŒÐășĮœÐăăĮÆĴðďĊĮĴāÐĊÅřæďŒÐīĊĉÐĊĴĮșÅķĮðĊÐĮĮÐĮșĊÌ

ðĊÌðŒðÌķăĮðĊīÐĮĨďĊĮÐĴďĴìÐĨĊÌÐĉðÆșðĊÆăķÌðĊæŒÆÆðĊĴðďĊ

īĴÐĮðĊĴìÐĉīāÐĴĮœìÐīÐœÐďĨÐīĴÐșĊÌĊřīÐĮķīæÐĊÆÐďå

ZA#ȭǠǨșðĊÆăķÌðĊæĴìÐÐĉÐīæÐĊÆÐďåĊÐœŒīðĊĴĮșĊÌĴìÐ

ÐååÐÆĴðŒÐĊÐĮĮĊÌŒðăÅðăðĴřďåŒÆÆðĊÐĮțĴìÐðĉĨÆĴďåĴìÐ

ZA#ȭǠǨĨĊÌÐĉðÆďĊķĊÐĉĨăďřĉÐĊĴīĴÐĮĊÌÆďĊĮķĉÐī

ÌðĮÆīÐĴðďĊīřĮĨÐĊÌðĊæțæďŒÐīĊĉÐĊĴăďīīÐæķăĴďīřďīÌÐīĮĴìĴ

ðĉĨÆĴďķīÅķĮðĊÐĮĮĊÌďķīðĊÌķĮĴīřșðĊÆăķÌðĊæĉĊÌĴÐĮĴìĴ

īÐĪķðīÐăăĨĮĮÐĊæÐīĮĊÌďķīÆīÐœĉÐĉÅÐīĮĴďÅÐŒÆÆðĊĴÐÌț

ĴìÐÌÐĉĊÌåďīðīĴīŒÐățăÐŒÐăĮ ďå ÆďĊĮķĉÐīÆďĊåðÌÐĊÆÐț

ZA#ȭǠǨȭÅĮÐÌìÐăĴìĊÌĮåÐĴřĨīďĴďÆďăĮțÐååÐÆĴðŒÐĊÌ

œðÌÐĮĨīÐÌĉĊķåÆĴķīðĊæĊÌÌðĮĴīðÅķĴðďĊďåŒÆÆðĊÐĮșĊÌ

ÅīďÌÆÆÐĨĴĊÆÐďåĴìÐŒÆÆðĊÐÅřĴìÐæÐĊÐīăĨďĨķăĴðďĊț

ĊÌĴìÐĨÆÐďåīÐÆďŒÐīřĮĴìÐĨĊÌÐĉðÆĮķÅĮðÌÐĮȘTďīÐďŒÐīș

ÐŒÐĊĮĮìÐăĴÐīȭðĊȭĨăÆÐďīÌÐīĮĊÌĴīŒÐăÅĊĮĊÌÌŒðĮďīðÐĮ

ìŒÐÅÐÐĊīÐăŘÐÌĊÌăðåĴÐÌșĊÌŒÆÆðĊÐĮīÐĉďīÐœðÌÐăř

ÌðĮĴīðÅķĴÐÌĊÌŒðăÅăÐĊÌŒÆÆðĊĴðďĊīĴÐĮìŒÐðĊÆīÐĮÐÌș

ÌÐĉĊÌåďīðīĴīŒÐăĉřīÐĉðĊďīÅÐÆďĉÐÌÐĨīÐĮĮÐÌȘ'ŒÐĊðå

ÌÐĉĊÌåďīðīĴīŒÐăīÐĴķīĊĮĴďĨīÐȭZA#ȭǠǨăÐŒÐăĮșĴìÐīÐÆĊÅÐ

ĊďĮĮķīĊÆÐĴìĴĮķÆìÌÐĉĊÌœðăăĨÐīĮðĮĴðĊĴìÐåķĴķīÐďīĴìĴ

īÐĮķīæÐĊÆÐďåZA#ȭǠǨďīĊďĴìÐīŒðīķĮďīĨĊÌÐĉðÆœðăăĊďĴ

ðĉĨÆĴďķīÅķĮðĊÐĮĮĊÌĴìÐĴīŒÐăĊÌìďĮĨðĴăðĴřðĊÌķĮĴīðÐĮȘAĊ

ÌÌðĴðďĊșœÐÆĊĊďĴĨīÐÌðÆĴœìÐĴìÐīÅķĮðĊÐĮĮĴīŒÐăåďīðĊȭĨÐīĮďĊ

ĉÐÐĴðĊæĮœðăăīÐĴķīĊĴďĨīÐȭZA#ȭǠǨăÐŒÐăĮďŒÐīĴìÐăďĊæȭĴÐīĉ

ÌķÐĴďĴÐÆìĊďăďæðÆăÌŒĊÆÐĉÐĊĴĮðĊșĊÌÆďĊĮķĉÐīÆÆÐĨĴĊÆÐ

ĊÌÌĨĴĴðďĊĴďșŒðīĴķăĉÐÐĴðĊæĮĊÌȥďīÆìĊæÐĮðĊÆķĮĴďĉÐī

preferences.

}ìÐZA#ȭǠǨĨĊÌÐĉðÆìĮĮķÅþÐÆĴÐÌďķīÅķĮðĊÐĮĮșďĨÐīĴðďĊĮș

ĊÌťĊĊÆðăÆďĊÌðĴðďĊĴďĊķĉÅÐīďåĮðæĊðťÆĊĴīðĮāĮȚ

DEMAND, CAPACITY, REVENUES AND EXPENSES

ðĴìĴìÐæăďÅăĮĨīÐÌďåZA#ȭǠǨÅÐæðĊĊðĊæðĊTīÆìǡǟǡǟș

œÐÅÐæĊÐŘĨÐīðÐĊÆðĊæĮðæĊðťÆĊĴÌÐÆăðĊÐðĊðĊĴÐīĊĴðďĊăĊÌ

ÌďĉÐĮĴðÆÌÐĉĊÌĴìĴÆďĊĴðĊķÐÌķĊĴðăĴìÐťīĮĴĪķīĴÐīďåǡǟǡǡȘ

}ìðĮÌÐÆăðĊÐðĊÌÐĉĊÌÆķĮÐÌĉĴÐīðăÌÐĴÐīðďīĴðďĊðĊďķī

īÐŒÐĊķÐĮȘĮZA#ȭǠǨðĊåÐÆĴðďĊīĴÐĮÌÐÆăðĊÐÌșæďŒÐīĊĉÐĊĴĮ

ăðåĴÐÌăīæÐæĴìÐīðĊæșĴīŒÐăĊÌďĴìÐīīÐĮĴīðÆĴðďĊĮĊÌÆďĊĮķĉÐī

ĊÌÅķĮðĊÐĮĮĴīŒÐăÐīĮðĊÆīÐĮðĊæăřÅÐÆĉÐĉďīÐÆďĉåďīĴÅăÐ

œðĴìðīĴīŒÐășœÐÅÐæĊĴďÐŘĨÐīðÐĊÆÐĊðĊÆīÐĮÐðĊðĊĴÐīĊĴðďĊă

ĊÌÌďĉÐĮĴðÆĴīŒÐă ÌÐĉĊÌȘĊřīÐĮķīæÐĊÆÐďåZA#ȭǠǨ

ðĊåÐÆĴðďĊīĴÐĮďīĴìÐðĉĨÆĴďåĊÐœŒīðĊĴĮÆďķăÌīÐĮķăĴðĊ

ÌÐÆăðĊÐðĊÌÐĉĊÌșœìðÆìÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐðĉĨÆĴďĊ

ďķīÅķĮðĊÐĮĮșďĨÐīĴðĊæīÐĮķăĴĮșťĊĊÆðăÆďĊÌðĴðďĊșĊÌăðĪķðÌðĴřȘ

}ìÐZA#ȭǠǨĨĊÌÐĉðÆìĮÆķĮÐÌķĮșĊÌÆďķăÌÆďĊĴðĊķÐĴď

ÆķĮÐķĮșĴďðĊÆķīÌÌðĴðďĊăÐŘĨÐĊĮÐĮȘìðăÐæďŒÐīĊĉÐĊĴĮìŒÐ

ðĉĨăÐĉÐĊĴÐÌŒīðďķĮĮĴðĉķăķĮĊÌīÐăðÐåĨīďæīĉĮșðĴðĮķĊÆÐīĴðĊ

œìÐĴìÐīĊÌĴďœìĴÐŘĴÐĊĴĮðĉðăīĨīďæīĉĮœðăăÅÐŒðăÅăÐ

ðåĴìÐīÐðĮĮðæĊðåðÆĊĴīÐĮķīæÐĊÆÐðĊĴìÐZA#ȭǠǨĨĊÌÐĉðÆ

īÐĮķăĴðĊæðĊÌðĮīķĨĴðďĊðĊďķīÅķĮðĊÐĮĮĊÌĴìÐĴīŒÐăĊÌ

ìďĮĨðĴăðĴřðĊÌķĮĴīðÐĮĊÌœìÐĴìÐīĮķÆìĨīďæīĉĮœðăăÅÐÐååÐÆĴðŒÐ

ðĊŒďðÌðĊæďīĉðĴðæĴðĊæĴìÐťĊĊÆðăðĉĨÆĴĮďåĊřīÐĮķīæÐĊÆÐďå

ĴìÐZA#ȭǠǨĨĊÌÐĉðÆȘ#ÐĮĨðĴÐĴìĴșĮĴìÐZA#ȭǠǨĨĊÌÐĉðÆ

ìĮÅÐæķĊĴďĮķÅĮðÌÐĊÌĮĮďÆðĴÐÌīÐĮĴīðÆĴðďĊĮìŒÐÐĮÐÌșœÐ

ÆďķăÌÐŘĨÐīðÐĊÆÐďĴìÐīĮìďīĴďīăďĊæÐīȭĴÐīĉðĉĨÆĴĮďĊďķīÆďĮĴĮș

ðĊÆăķÌðĊæșåďīÐŘĉĨăÐșĴìÐĊÐÐÌåďīÐĊìĊÆÐÌìÐăĴìĊÌìřæðÐĊÐ

ĮĴĊÌīÌĮďīÆÐīĴðťÆĴðďĊĮșĮďÆðăÌðĮĴĊÆðĊæīÐĪķðīÐĉÐĊĴĮďī

ďĴìÐīĨīÐÆķĴðďĊīřĉÐĮķīÐĮðĊīÐĮĨďĊĮÐĴďĴìÐìÐăĴìĊÌ

ĮåÐĴřÆìăăÐĊæÐĮĨīÐĮÐĊĴÐÌÅřĴìÐZA#ȭǠǨĨĊÌÐĉðÆȘ}ìÐĮÐ

ÐååÐÆĴĮÆďķăÌðĉĨÆĴďķīÅðăðĴřĴďæÐĊÐīĴÐĨīďťĴĮȘ

OPERATIONS

AĊīÐĮĨďĊĮÐĴďĴìÐÌÐÆăðĊÐðĊÌÐĉĊÌåďīðīĴīŒÐăÆīďĮĮďķī

ĮřĮĴÐĉșœÐĴďďāÆĴðďĊĮĊÌÐŒăķĴÐÌĮĨÐĊÌðĊæĴďĉĊæÐ

ďĨÐīĴðĊæÐŘĨÐĊĮÐĮĊÌďĨĴðĉðšÐďķīťĊĊÆðăīÐĮďķīÆÐĮȘ}ìÐĮÐ

ÆĴðďĊĮðĊÆăķÌÐÌĴÐĉĨďīīřīÐÌķÆĴðďĊðĊďķīœďīāåďīÆÐÆīďĮĮ

ďķīăķÐðĴðÐĮĊÌďķīĮķĨĨďīĴÆÐĊĴÐīĮðĊǡǟǡǟșÐăðĉðĊĴðĊæ

ĊďĊȭÐĮĮÐĊĴðăĮĨÐĊÌðĊæĊÌÆďīĨďīĴÐðĊðĴðĴðŒÐĮșĊÌīÐÌķÆðĊæ

ÆďĮĴĮȘÐìŒÐīÐÆÐðŒÐÌșĊÌĉřÆďĊĴðĊķÐĴďīÐÆÐðŒÐșÌÐĉĊÌĮ

ďīīÐĪķÐĮĴĮåīďĉăÅďīķĊðďĊĮĴìĴīÐĨīÐĮÐĊĴďķīÆďăăÐæķÐĮș

œìÐĴìÐīðĊĴìÐÆďķīĮÐďåďķīĨÐīðďÌðÆīÐĊÐæďĴðĴðďĊďåďķī

ÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴĮďīďĴìÐīœðĮÐșåďīÌÌðĴðďĊă

ÆďĉĨÐĊĮĴðďĊșìÐăĴìÆīÐÅÐĊÐťĴĮșďīďĴìÐīĴÐīĉĮĴìĴÆďķăÌ

ðĊÆīÐĮÐÆďĮĴĮȘÌÌðĴðďĊăăřșĮīÐĮķăĴďååÐÌÐīăæďŒÐīĊĉÐĊĴ

ĉĊÌĴÐĊÌÅřŒðīĴķÐďåLÐĴăķÐÅÐðĊæÆďĊĴīÆĴďīĴďĴìÐ

åÐÌÐīăæďŒÐīĊĉÐĊĴșďķīÆīÐœĉÐĉÅÐīĮœìďÌðÌĊďĴīÐÆÐðŒÐĊ

ĨĨīďŒÐÌĉÐÌðÆăďīīÐăðæðďķĮÆÆďĉĉďÌĴðďĊœÐīÐīÐĪķðīÐÌ

ĴďÅÐŒÆÆðĊĴÐÌȘOœĮķðĴĮÆìăăÐĊæðĊæĴìÐĉĊÌĴÐœÐīÐťăÐÌ

ðĊĉķăĴðĨăÐþķīðĮÌðÆĴðďĊĮșĊÌðĊþķĊÆĴðďĊĮæðĊĮĴĴìÐåÐÌÐīă

æďŒÐīĊĉÐĊĴȸĮÐĊåďīÆÐĉÐĊĴďåĴìÐĉĊÌĴÐœÐīÐðĮĮķÐÌȘ:ðŒÐĊ

ĴìÐķĊÆÐīĴðĊĴřĮĮďÆðĴÐÌœðĴìĴìÐðĉĨăÐĉÐĊĴĴðďĊďåĴìÐ

ĉĊÌĴÐșœÐīÐķĊÅăÐĴďĨīÐÌðÆĴĴìÐķăĴðĉĴÐðĉĨÆĴďåĴìðĮ

īÐĪķðīÐĉÐĊĴďĊďķīÅķĮðĊÐĮĮșĊÌìŒÐåÆÐÌĊÌĉřÆďĊĴðĊķÐ

ĴďåÆÐĮĴŨĊæĮìďīĴæÐĮĴìĴĉřÌðĮīķĨĴďķīďĨÐīĴðďĊĮȘÐ

ÐŘĨÐÆĴĴìĴÆÐīĴðĊďĨÐīĴðďĊăÆìĊæÐĮșĨīĴðÆķăīăřœðĴìīÐĮĨÐÆĴ

ĴďÐĊìĊÆÐÌìÐăĴìĊÌĮåÐĴřĉÐĮķīÐĮĊÌæăďÅăÆīÐĊÌ

ÆăÐĊăðĊÐĮĮÆÐīĴðťÆĴðďĊĮșœðăăÅÐĊÐÆÐĮĮīřďŒÐīĴìÐăďĊæȭĴÐīĉȘ

9ķīĴìÐīșÆÐīĴðĊďåďķīÆīÐœĉÐĉÅÐīĮșĮķĨĨăðÐīĮĊÌÅķĮðĊÐĮĮ

ĨīĴĊÐīĮșĮķÆìĮðīĨďīĴșðīĴīŨÆĨÐīĮďĊĊÐășĊÌĴìďĮÐœďīāðĊæ

ďĊÆÐīĴðĊĨīďÌķÆĴðďĊăðĊÐĮĊÌďĊŒīðďķĮĮķĨĨăřÆìðĊĮșìŒÐðĊ

ĴìÐĨĮĴĊÌĉřðĊĴìÐåķĴķīÐĴÐĮĴĨďĮðĴðŒÐåďīďīÅÐĮķĮĨÐÆĴÐÌ

ďåìŒðĊæZA#ȭǠǨșīÐĮķăĴðĊæðĊåÆðăðĴřÆăďĮķīÐĮșīÐÌķÆĴðďĊðĊ

ŒðăÅăÐĮĴŨĊæșĊÌÌðĮīķĨĴðďĊĮĴďďķīďŒÐīăăďĨÐīĴðďĊĮĮœÐăă

ĮĴìĴďåďķīĮķĨĨăðÐīĮȘZķīďĨÐīĴðďĊĮĉřÅÐåķīĴìÐīðĉĨÆĴÐÌ

ðĊĴìÐÐŒÐĊĴďåÌÌðĴðďĊăðĊĮĴĊÆÐĮďåÆĴķăďīĨÐīÆÐðŒÐÌīðĮā

ďåðĊåÐÆĴðďĊĉďĊæďķīÆīÐœĉÐĉÅÐīĮșĮķĨĨăðÐīĮďīÅķĮðĊÐĮĮ

ĨīĴĊÐīĮșðĊÆăķÌðĊæĮīÐĮķăĴďåĊřÐĉÐīæðĊæĊÐœŒīðĊĴĮďå

ZA#ȭǠǨșĊÌĴìðĮðĉĨÆĴĉřìŒÐĉĴÐīðăĊÌÌŒÐīĮÐÐååÐÆĴ

ðåœÐīÐķĊÅăÐĴďĉðĊĴðĊĮķðĴÅăřĮāðăăÐÌĊÌĮðšÐÌœďīāåďīÆÐ

ĊÌÌÌīÐĮĮīÐăĴÐÌÆīÐœĉÐĉÅÐīĉĴĴÐīĮȘ

FINANCIAL CONDITION AND INDEBTEDNESS

ĮœÐĉĊæÐĴìīďķæìĴìÐÆďĊĴðĊķðĊæÐååÐÆĴĮďåĴìÐĨĊÌÐĉðÆș

ďķīăÐŒÐăďåðĊÌÐÅĴÐÌĊÐĮĮðĊÆīÐĮÐÌĊÌĉřÆďĊĴðĊķÐĴďðĊÆīÐĮÐȘ

ăĴìďķæìœÐĴďďāĊķĉÅÐīďåĮĴÐĨĮĴďÐĊìĊÆÐďķīăðĪķðÌðĴř

ĨīďťăÐĊÌÆĮìĨďĮðĴðďĊðĊīÐĮĨďĊĮÐĴďĴìÐZA#ȭǠǨĨĊÌÐĉðÆș

ĴìÐīÐðĮĊďæķīĊĴÐÐĴìĴœÐœðăăÅÐÅăÐĴďÆďĊĴðĊķÐĴďīðĮÐ

åķĊÌĮĴìīďķæìÌÐÅĴťĊĊÆðĊæĮðĊĴìÐåķĴķīÐĴďåķĊÌďķīďÅăðæĴðďĊĮ

ďīœðăăÅÐŒðăÅăÐďĊĴÐīĉĮÆďĊĮðĮĴÐĊĴœðĴìďķīÐŘĨÐÆĴĴðďĊĮȘ

ÐăĮďÐŘĨÐÆĴĴìÐďĊæďðĊæðĉĨÆĴďåĴìÐZA#ȭǠǨĨĊÌÐĉðÆ

ĊÌĴìÐðĉĨÆĴďåďĴìÐīĉÆīďÐÆďĊďĉðÆåÆĴďīĮďĊĴìÐťĊĊÆðă

ĉīāÐĴĮÆďķăÌăĮďÌŒÐīĮÐăřååÐÆĴďķīÅðăðĴřĴďīðĮÐÐĪķðĴř

ťĊĊÆðĊæðĊĴìÐåķĴķīÐȘìĊæÐĮðĊĴìÐÆīÐÌðĴīĴðĊæĮďåďķīÌÐÅĴș

21JETBLUE AIRWAYS CORPORATION |

2022

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ðĊÆăķÌðĊæďķīīÐŒďăŒðĊæÆīÐÌðĴåÆðăðĴřĊÌďķĴĮĴĊÌðĊæĮÐĊðďī

ĊďĴÐĮșÆďķăÌìŒÐĊÌŒÐīĮÐðĉĨÆĴďĊďķīðĊĴÐīÐĮĴÐŘĨÐĊĮÐȘĮ

īÐĮķăĴďåĴìÐæÐĊÐīăÐÆďĊďĉðÆķĊÆÐīĴðĊĴřĊÌĴìÐðĉĨÆĴďå

ĴìÐZA#ȭǠǨĨĊÌÐĉðÆșďķīÆīÐÌðĴīĴðĊæĮìŒÐÅÐÐĊÌďœĊæīÌÐÌȘ

AåďķīÆīÐÌðĴīĴðĊæĮœÐīÐĴďÅÐåķīĴìÐīÌďœĊæīÌÐÌșďīæÐĊÐīă

ĉīāÐĴÆďĊÌðĴðďĊĮœÐīÐĴďĮÆīðÅÐìðæìÐīīðĮāĴďďķīÆīÐÌðĴīĴðĊæ

ăÐŒÐăĮșďķīðĊÌķĮĴīřșďķīÅķĮðĊÐĮĮșďĨÐīĴðĊæīÐĮķăĴĮșăðĪķðÌðĴřĊÌ

ťĊĊÆðăÆďĊÌðĴðďĊșďķīÆÆÐĮĮĴďÆĨðĴăĊÌĴìÐÆďĮĴďåÌÐÅĴ

ťĊĊÆðĊæœďķăÌÅÐĊÐæĴðŒÐăřðĉĨÆĴÐÌȘwÐÐȵZķīðĊÌÐÅĴÐÌĊÐĮĮ

åďăăďœðĊæÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīœðăăÅÐĮķÅĮĴĊĴðăăřæīÐĴÐī

ĴìĊďķīðĊÌÐÅĴÐÌĊÐĮĮďĊĮĴĊÌȭăďĊÐÅĮðĮĊÌæīÐĴÐīĴìĊĴìÐ

ÆďĉÅðĊÐÌðĊÌÐÅĴÐÌĊÐĮĮďåLÐĴăķÐĊÌwĨðīðĴÐŘðĮĴðĊæĨīðďīĴďĴìÐ

ĊĊďķĊÆÐĉÐĊĴďåĴìÐTÐīæÐīșœìðÆìÆďķăÌÌŒÐīĮÐăřååÐÆĴďķī

ÅķĮðĊÐĮĮŦÐŘðÅðăðĴřșĊÌðĊÆīÐĮÐďķīÅďīīďœðĊæÆďĮĴĮȘ#ďœĊæīÌÐĮ

ðĊďķīÆīÐÌðĴīĴðĊæĮÆďķăÌÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮșÆĮìŦďœĮș

ťĊĊÆðăÆďĊÌðĴðďĊĊÌďĨÐīĴðĊæīÐĮķăĴĮȘȶ

ÐĉřăĮďĴāÐÌÌðĴðďĊăÆĴðďĊĮĴďðĉĨīďŒÐďķīåðĊĊÆðă

ĨďĮðĴðďĊșðĊÆăķÌðĊæĉÐĮķīÐĮĴďðĉĨīďŒÐăðĪķðÌðĴřșĮķÆìĮĴìÐ

ðĮĮķĊÆÐďåÌÌðĴðďĊăķĊĮÐÆķīÐÌĊÌĮÐÆķīÐÌÌÐÅĴĮÐÆķīðĴðÐĮș

ÐĪķðĴřĮÐÆķīðĴðÐĮĊÌÐĪķðĴřȭăðĊāÐÌĮÐÆķīðĴðÐĮșĴìÐĮăÐďåĮĮÐĴĮ

ĊÌȥďīĴìÐÐĊĴīřðĊĴďÌÌðĴðďĊăÅðăĴÐīăĊÌĮřĊÌðÆĴÐÌĮÐÆķīÐÌ

ĊÌȥďīķĊĮÐÆķīÐÌÆīÐÌðĴåÆðăðĴðÐĮȘ}ìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĮĴď

ĴìÐĴðĉðĊæďåĊřĮķÆìðĮĮķĊÆÐșœìðÆìĉřÅÐðĊĴìÐĊÐīĴÐīĉșďī

ĴìĴĊřĮķÆìÌÌðĴðďĊăťĊĊÆðĊæœðăăÅÐÆďĉĨăÐĴÐÌďĊåŒďīÅăÐ

ĴÐīĉĮșďīĴăăȘĊřĮķÆìÆĴðďĊĮĉřÅÐĉĴÐīðăðĊĊĴķīÐĊÌ

ÆďķăÌīÐĮķăĴðĊĮðæĊðťÆĊĴÌÌðĴðďĊăÅďīīďœðĊæȘZķīīÐÌķÆĴðďĊðĊ

ÐŘĨÐĊÌðĴķīÐĮșĉÐĮķīÐĮĴďðĉĨīďŒÐăðĪķðÌðĴřďīďĴìÐīĮĴīĴÐæðÆ

ÆĴðďĊĮĴìĴœÐĉřĴāÐðĊĴìÐåķĴķīÐșðĊÆăķÌðĊæðĊīÐĮĨďĊĮÐ

ĴďĴìÐďĊæďðĊæÐååÐÆĴĮďåĴìÐZA#ȭǠǨĨĊÌÐĉðÆșĉřĊďĴÅÐ

ÐååÐÆĴðŒÐðĊďååĮÐĴĴðĊæÌÐÆīÐĮÐÌÌÐĉĊÌȘÐīÐĊďĴĨÐīĉðĴĴÐÌ

ĴďĴāÐÆÐīĴðĊĮĴīĴÐæðÆÆĴðďĊĮĮīÐĮķăĴďåīÐĮĴīðÆĴðďĊĮķĊÌÐī

ĴìÐt'wÆĴșĴìÐďĊĮďăðÌĴÐÌĨĨīďĨīðĴðďĊĮÆĴșĊÌĴìÐ

ĉÐīðÆĊtÐĮÆķÐqăĊÆĴșœìðÆìÆďķăÌīÐĮķăĴðĊĉĴÐīðă

ÌŒÐīĮÐÐååÐÆĴďĊďķīÅķĮðĊÐĮĮșďĨÐīĴðĊæīÐĮķăĴĮșăðĪķðÌðĴřĊÌ

ťĊĊÆðăÆďĊÌðĴðďĊȘ

SECURITIES MARKETS VOLATILITY

}ìÐæăďÅăĮĴďÆāĉīāÐĴĮìŒÐÐŘĨÐīðÐĊÆÐÌșĊÌĉřÆďĊĴðĊķÐ

ĴďÐŘĨÐīðÐĊÆÐșĮðæĊðťÆĊĴŒďăĴðăðĴřĮīÐĮķăĴďåĴìÐZA#ȭǠǨ

ĨĊÌÐĉðÆșĊÌĴìÐĨīðÆÐďåďķīÆďĉĉďĊĮĴďÆāìĮÅÐÐĊŒďăĴðăÐ

ĮðĊÆÐĴìÐďĊĮÐĴďåĴìÐĨĊÌÐĉðÆȘ}ìÐZA#ȭǠǨĨĊÌÐĉðÆĊÌĴìÐ

ĮðæĊðťÆĊĴķĊÆÐīĴðĊĴðÐĮðĴìĮÆķĮÐÌåďīĴìÐæăďÅăÐÆďĊďĉř

ĊÌĴīŒÐăðĊÌķĮĴīřðĊĨīĴðÆķăīșÅķĮðĊÐĮĮÆĴðŒðĴřșĊÌÅķĮðĊÐĮĮ

ÆďĊťÌÐĊÆÐìŒÐìÌșĊÌĉřÆďĊĴðĊķÐĴďìŒÐșĮðæĊðťÆĊĴ

ÐååÐÆĴďĊĴìÐĉīāÐĴĨīðÆÐďåĮÐÆķīðĴðÐĮæÐĊÐīăăřșðĊÆăķÌðĊæďķī

securities.

}ìÐðĉĨÆĴĮďåĴìÐZA#ȭǠǨĨĊÌÐĉðÆďĊďķīÅķĮðĊÐĮĮșďĨÐīĴðďĊĮ

ĊÌťĊĊÆðăÆďĊÌðĴðďĊīÐÆďĊĴðĊķďķĮăřÐŒďăŒðĊæșĊÌĴìÐĨÆÐďå

īÐÆďŒÐīřåďăăďœðĊæĴìÐĨĊÌÐĉðÆșďīĊřÌÌðĴðďĊăīÐĮķīæÐĊÆÐďå

ZA#ȭǠǨďīÐĉÐīæðĊæĊÐœŒīðĊĴĮÆďķăÌĨīÐÆðĨðĴĴÐďīææīŒĴÐ

ĴìÐďĴìÐīīðĮāåÆĴďīĮðĊÆăķÌÐÌðĊĴìðĮĊĊķăīÐĨďīĴșœìðÆìðĊĴķīĊ

ÆďķăÌåķīĴìÐīĉĴÐīðăăřÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮșťĊĊÆðă

ÆďĊÌðĴðďĊșăðĪķðÌðĴřșīÐĮķăĴĮďåďĨÐīĴðďĊĮșĊÌĨīďåðĴÅðăðĴřș

ðĊÆăķÌðĊæðĊœřĮĴìĴīÐĊďĴÆķīīÐĊĴăřāĊďœĊĴďķĮďīĴìĴœÐ

ÌďĊďĴÆķīīÐĊĴăřÆďĊĮðÌÐīĴďĨīÐĮÐĊĴĮðæĊðťÆĊĴīðĮāĮȘ

Risks Related to JetBlue

ÐďĨÐīĴÐðĊĊÐŘĴīÐĉÐăřÆďĉĨÐĴðĴðŒÐ

ðĊÌķĮĴīřȘ

}ìÐÌďĉÐĮĴðÆðīăðĊÐðĊÌķĮĴīřðĮÆìīÆĴÐīðšÐÌÅřăďœĨīďåðĴ

ĉīæðĊĮșìðæìåðŘÐÌÆďĮĴĮșĊÌĮðæĊðåðÆĊĴÆďĉĨÐĴðĴðďĊȘÐ

ÆķīīÐĊĴăřÆďĉĨÐĴÐœðĴì ďĴìÐīðīăðĊÐĮďĊăăďåďķīīďķĴÐĮȘ

TďĮĴďåďķīÆďĉĨÐĴðĴďīĮīÐăīæÐīĊÌìŒÐæīÐĴÐīťĊĊÆðă

īÐĮďķīÆÐĮĊÌĊĉÐīÐÆďæĊðĴðďĊĴìĊœÐÌďȘ9ďăăďœðĊæďķīÐĊĴīř

ðĊĴďĊÐœĉīāÐĴĮďīÐŘĨĊĮðďĊďåÐŘðĮĴðĊæĉīāÐĴĮșĮďĉÐďåďķī

ÆďĉĨÐĴðĴďīĮìŒÐÆìďĮÐĊĴďÌÌĮÐīŒðÆÐďīÐĊææÐðĊÐŘĴÐĊĮðŒÐ

ĨīðÆÐÆďĉĨÐĴðĴðďĊȘĊĊĴðÆðĨĴÐÌĮìďīĴåăăĮðĊÐŘĨÐÆĴÐÌīÐŒÐĊķÐĮ

ĮīÐĮķăĴďåĨīðÆÐÆďĉĨÐĴðĴðďĊďīðĊĴìÐĊķĉÅÐīďåĨĮĮÐĊæÐīĮ

ÆīīðÐÌœďķăÌĊÐæĴðŒÐăřðĉĨÆĴďķīťĊĊÆðăīÐĮķăĴĮĊÌìīĉďķī

ÅķĮðĊÐĮĮȘ}ìÐÐŘĴīÐĉÐăřÆďĉĨÐĴðĴðŒÐĊĴķīÐďåĴìÐðīăðĊÐðĊÌķĮĴīř

ÆďķăÌĨīÐŒÐĊĴķĮåīďĉĴĴðĊðĊæĴìÐăÐŒÐăďåĨĮĮÐĊæÐīĴīŨÆďī

ĉðĊĴðĊðĊæĴìÐăÐŒÐăďååīÐĮīÐĪķðīÐÌĴďĉðĊĴðĊĨīďåðĴÅăÐ

ďĨÐīĴðďĊĮðĊĊÐœĊÌÐŘðĮĴðĊæĉīāÐĴĮĊÌÆďķăÌðĉĨÐÌÐďķī

ĨīďťĴÅăÐæīďœĴìĮĴīĴÐæřșœìðÆìœďķăÌìīĉďķīÅķĮðĊÐĮĮȘ

9ķīĴìÐīĉďīÐșĴìÐīÐìŒÐÅÐÐĊĊķĉÐīďķĮĉÐīæÐīĮĊÌÆĪķðĮðĴðďĊĮ

œðĴìðĊĴìÐðīăðĊÐðĊÌķĮĴīřďŒÐīĴìÐřÐīĮȘ}ìÐðĊÌķĮĴīřĉř

ÆďĊĴðĊķÐĴďÆìĊæÐȘĊřÅķĮðĊÐĮĮÆďĉÅðĊĴðďĊșðĊÆăķÌðĊæďķī

ðĊĴÐĊÌÐÌĉÐīæÐīœðĴìwĨðīðĴșÆďķăÌĮðæĊðåðÆĊĴăřăĴÐīðĊÌķĮĴīř

ÆďĊÌðĴðďĊĮĊÌÆďĉĨÐĴðĴðďĊœðĴìðĊĴìÐðīăðĊÐðĊÌķĮĴīřȘÌÌðĴðďĊăăřș

ðåĴīÌðĴðďĊăĊÐĴœďīāðīăðĊÐœÐīÐĴďåķăăřÌÐŒÐăďĨăďœÆďĮĴ

ĮĴīķÆĴķīÐșďīðåœÐœÐīÐĴďÐŘĨÐīðÐĊÆÐðĊÆīÐĮÐÌÆďĉĨÐĴðĴðďĊåīďĉ

ăďœÆďĮĴÆīīðÐīĮďīĊÐœÐĊĴīĊĴĮșďķīÅķĮðĊÐĮĮÆďķăÌÅÐĉĴÐīðăăř

ÌŒÐīĮÐăřååÐÆĴÐÌȘ

ÐĉřÅÐĮķÅþÐÆĴĴďÆďĉĨÐĴðĴðŒÐīðĮāĮÌķÐĴď

ĴìÐăďĊæȭĴÐīĉĊĴķīÐďåďķīåăÐÐĴďīÌÐīÅďďāȘ

ĴĨīÐĮÐĊĴșœÐìŒÐÐŘðĮĴðĊæðīÆīåĴÆďĉĉðĴĉÐĊĴĮĴìīďķæì

ǡǟǡǦȘĮĴÐÆìĊďăďæðÆăÐŒďăķĴðďĊďÆÆķīĮðĊďķīðĊÌķĮĴīřșĴìīďķæì

ĴìÐķĮÐ ďåÆďĉĨďĮðĴÐĮĊÌďĴìÐī ðĊĊďŒĴðďĊĮș œÐĉřÅÐ

ÆďĉĨÐĴðĴðŒÐăřÌðĮÌŒĊĴæÐÌÅÐÆķĮÐœÐìŒÐÐŘðĮĴðĊæÐŘĴÐĊĮðŒÐ

ŦÐÐĴÆďĉĉðĴĉÐĊĴĮĴìĴœďķăÌĨīďìðÅðĴķĮåīďĉÌďĨĴðĊæĊÐœ

ĴÐÆìĊďăďæðÐĮďĊĊÐŘĨÐÌðĴÐÌÅĮðĮȘ

22 JETBLUE AIRWAYS CORPORATION |

2022

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Operational Risks

ZķīÅķĮðĊÐĮĮðĮìðæìăřÌÐĨÐĊÌÐĊĴďĊĴìÐ

ŒðăÅðăðĴřďååķÐăĊÌåķÐăðĮĮķÅþÐÆĴĴďĨīðÆÐ

ŒďăĴðăðĴřȘ

ZķīīÐĮķăĴĮďåďĨÐīĴðďĊĮīÐìÐŒðăřðĉĨÆĴÐÌÅřĴìÐĨīðÆÐĊÌ

ŒðăÅðăðĴřďååķÐăȘ9ķÐăÆďĮĴĮÆďĉĨīðĮÐĮķÅĮĴĊĴðăĨďīĴðďĊďå

ďķīĴďĴăďĨÐīĴðĊæÐŘĨÐĊĮÐĮȘ>ðĮĴďīðÆăăřșåķÐăÆďĮĴĮìŒÐÅÐÐĊ

ĮķÅþÐÆĴĴďœðÌÐĨīðÆÐŦķÆĴķĴðďĊĮÅĮÐÌďĊæÐďĨďăðĴðÆăåÆĴďīĮ

ĮœÐăăĮĮķĨĨăřĊÌÌÐĉĊÌȘ}ìÐŒðăÅðăðĴřďååķÐăðĮĊďĴďĊăř

ÌÐĨÐĊÌÐĊĴďĊÆīķÌÐďðăÅķĴăĮďďĊīÐťĊðĊæÆĨÆðĴřȘìÐĊÐŒÐĊ

ĮĉăăĉďķĊĴďåĴìÐÌďĉÐĮĴðÆďīæăďÅăďðăīÐťĊðĊæÆĨÆðĴř

ÅÐÆďĉÐĮķĊŒðăÅăÐșĮķĨĨăřĮìďīĴæÐĮÆĊīÐĮķăĴåďīÐŘĴÐĊÌÐÌ

ĨÐīðďÌĮďåĴðĉÐȘ}ìÐŒðăÅðăðĴřďååķÐăðĮăĮďååÐÆĴÐÌÅřÌÐĉĊÌ

åďīìďĉÐìÐĴðĊæďðășæĮďăðĊÐĊÌďĴìÐīĨÐĴīďăÐķĉĨīďÌķÆĴĮșĮ

œÐăăĮÆīķÌÐďðăīÐĮÐīŒÐĮșÌÐĨÐĊÌÐĊÆÐďĊåďīÐðæĊðĉĨďīĴĮďå

ÆīķÌÐďðăĊÌĨďĴÐĊĴðăìďĮĴðăðĴðÐĮðĊďðăĨīďÌķÆðĊæīÐĮďåĴìÐ

œďīăÌȘ:ðŒÐĊďķīăīæÐÌÐĨÐĊÌÐĊÆřďĊUÐœďīāìīÅďīþÐĴåķÐăș

œÐìŒÐÅÐÐĊĉďīÐðĉĨÆĴÐÌĴìĊďķīÆďĉĨÐĴðĴďīĮÅřĴìÐĮÐĨīðÆÐ

ĮĨðāÐĮÌķÐĴďÌÐÆīÐĮÐĮðĊīÐťĊðĊæÆĨÆðĴřĊÌðĊÆīÐĮÐĮðĊw

ÐŘĨďīĴĮťăăðĊæĴìÐŒďðÌăÐåĴÅřtķĮĮðȘÐÆķĮÐďåĴìÐÐååÐÆĴĮďå

ĴìÐĮÐåÆĴďīĮďĊĴìÐĨīðÆÐĊÌŒðăÅðăðĴřďååķÐășĴìÐÆďĮĴĊÌ

åķĴķīÐŒðăÅðăðĴřďååķÐăÆĊĊďĴÅÐĨīÐÌðÆĴÐÌœðĴìĊřÌÐæīÐÐ

of certainty.

ZķīðīÆīåĴåķÐăĨķīÆìĮÐæīÐÐĉÐĊĴĮÌďĊďĴĨīďĴÐÆĴķĮæðĊĮĴ

ĨīðÆÐðĊÆīÐĮÐĮďīæķīĊĴÐÐĴìÐŒðăÅðăðĴřďååķÐăȘÌÌðĴðďĊăăřș

ĮďĉÐďåďķīÆďĉĨÐĴðĴďīĮĉřìŒÐĉďīÐăÐŒÐīæÐĴìĊœÐÌďðĊ

ďÅĴðĊðĊæåķÐăȘÐìŒÐĊÌĉřÆďĊĴðĊķÐĴďÐĊĴÐīðĊĴďŒīðÐĴř

ďåďĨĴðďĊÆďĊĴīÆĴĮĊÌĮœĨæīÐÐĉÐĊĴĮåďīÆīķÌÐďðășìÐĴðĊæ

ďðășĊÌþÐĴåķÐăĴďĨīĴðăăřĨīďĴÐÆĴæðĊĮĴĮðæĊðťÆĊĴðĊÆīÐĮÐĮ

ðĊåķÐăĨīðÆÐĮȘ>ďœÐŒÐīșĮķÆìÆďĊĴīÆĴĮĊÌæīÐÐĉÐĊĴĮÌď

ĊďĴÆďĉĨăÐĴÐăřĨīďĴÐÆĴķĮæðĊĮĴĨīðÆÐŒďăĴðăðĴřșīÐăðĉðĴÐÌðĊ

ŒďăķĉÐĊÌÌķīĴðďĊșĊÌÆĊÅÐăÐĮĮÐååÐÆĴðŒÐÌķīðĊæŒďăĴðăÐ

ĉīāÐĴÆďĊÌðĴðďĊĮĊÌĉřÆīīřÆďķĊĴÐīĨīĴřīðĮāȘĊÌÐīĴìÐåķÐă

ìÐÌæÐÆďĊĴīÆĴĮœÐĉřÐĊĴÐīåīďĉĴðĉÐĴďĴðĉÐșÆďķĊĴÐīĨīĴðÐĮ

ĴďĴìďĮÐÆďĊĴīÆĴĮĉřīÐĪķðīÐķĮĴďåķĊÌĴìÐĉīæðĊĮĮďÆðĴÐÌ

œðĴìĊřăďĮĮĨďĮðĴðďĊďĊĴìÐÆďĊĴīÆĴĮȘTÐÐĴðĊæďķīďÅăðæĴðďĊĮ

ĴďåķĊÌĴìÐĮÐĉīæðĊÆăăĮÆďķăÌÌŒÐīĮÐăřååÐÆĴďķīăðĪķðÌðĴřȘ

#ķÐĴďĴìÐÆďĉĨÐĴðĴðŒÐĊĴķīÐďåĴìÐÌďĉÐĮĴðÆðīăðĊÐðĊÌķĮĴīřșĴ

ĴðĉÐĮœÐìŒÐĊďĴÅÐÐĊÅăÐĴďÌÐĪķĴÐăřðĊÆīÐĮÐďķīåīÐĮĴď

ďååĮÐĴĴìÐðĊÆīÐĮÐĮðĊåķÐăĨīðÆÐĮĊďīĉřœÐÅÐÅăÐĴďÌďĮďðĊ

ĴìÐåķĴķīÐȘ9ķĴķīÐåķÐăĨīðÆÐðĊÆīÐĮÐĮșÆďĊĴðĊķÐÌìðæìåķÐăĨīðÆÐ

ŒďăĴðăðĴřďīåķÐăĮķĨĨăřĮìďīĴæÐĮĉřīÐĮķăĴðĊÆķīĴðăĉÐĊĴďå

ĮÆìÐÌķăÐÌĮÐīŒðÆÐĮĊÌÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊ

ďķīťĊĊÆðăÆďĊÌðĴðďĊĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȘ

ZķīĉðĊĴÐĊĊÆÐÆďĮĴĮœðăăðĊÆīÐĮÐĮďķī

åăÐÐĴæÐĮȘ

ZķīĉðĊĴÐĊĊÆÐÆďĮĴĮœðăăðĊÆīÐĮÐĮďķīŦÐÐĴæÐĮȘAĊĴìÐĨĮĴș

œÐìŒÐðĊÆķīīÐÌăďœÐīĉðĊĴÐĊĊÆÐÐŘĨÐĊĮÐĮÅÐÆķĮÐĉďĮĴďå

ĴìÐĨīĴĮďĊďķīðīÆīåĴœÐīÐķĊÌÐīĉķăĴðȭřÐīœīīĊĴðÐĮșÅķĴ

ĉĊřďåĴìÐĮÐœīīĊĴðÐĮďĊLÐĴăķÐȸĮÐŘðĮĴðĊæŦÐÐĴĴřĨÐĮìŒÐ

ÐŘĨðīÐÌȘAåĊřĉðĊĴÐĊĊÆÐĨīďŒðÌÐīœðĴìœìďĉœÐìŒÐŦðæìĴ

ìďķīæīÐÐĉÐĊĴåðăĮĴďĨÐīåďīĉďīìďĊďīĮķÆìæīÐÐĉÐĊĴĮș

œÐÆďķăÌ ðĊÆķīìðæìÐīðĊĴÐīðĉĉðĊĴÐĊĊÆÐÆďĮĴĮķĊĴðăœÐ

ĊÐæďĴðĴÐĊÐœæīÐÐĉÐĊĴĮȘ9ķīĴìÐīĉďīÐœÐÐŘĨÐÆĴĴďÆďĊĴðĊķÐ

ĴďðĉĨăÐĉÐĊĴŒīðďķĮŦÐÐĴĉďÌðťÆĴðďĊĮďŒÐīĴìÐĊÐŘĴĮÐŒÐīă

řÐīĮĴďÐĊĮķīÐďķīðīÆīåĴȸĮÆďĊĴðĊķÐÌÐŨÆðÐĊÆřșĉďÌÐīĊðšĴðďĊș

ÅīĊÌÆďĊĮðĮĴÐĊÆřșĊÌĮåÐĴřȘ}ìÐĮÐŦÐÐĴĉďÌðťÆĴðďĊĮīÐĪķðīÐ

ĮðæĊðťÆĊĴðĊŒÐĮĴĉÐĊĴďŒÐīĮÐŒÐīăřÐīĮșðĊÆăķÌðĊæĴāðĊæðīÆīåĴ

ďķĴďåĮÐīŒðÆÐåďīĮÐŒÐīăœÐÐāĮĴĴðĉÐȘ

ZķīĮăīðÐĮșœæÐĮĊÌÅÐĊÐåðĴĮÆďĮĴĮœðăă

ðĊÆīÐĮÐĮďķīœďīāåďīÆÐæÐĮȘ

ĮďķīÆīÐœĉÐĉÅÐīĮȸĴÐĊķīÐœðĴìLÐĴăķÐĉĴķīÐĮșďķīĮăīðÐĮș

œæÐĮșĊÌÅÐĊÐťĴĮÆďĮĴĮðĊÆīÐĮÐȘĮďķīďŒÐīăăœďīāåďīÆÐæÐĮș

œÐÐŘĨÐÆĴďķīĉÐÌðÆăĊÌīÐăĴÐÌÅÐĊÐťĴĮĴďðĊÆīÐĮÐĮœÐăăș

ÌÐĮĨðĴÐĊðĊÆīÐĮÐÌÆďīĨďīĴÐåďÆķĮďĊÆīÐœĉÐĉÅÐīœÐăăĊÐĮĮȘ

ÐÆķĮÐœÐÌÐīðŒÐĨďīĴðďĊďåďķīīÐŒÐĊķÐĮ

åīďĉďĨÐīĴðďĊĮďķĴĮðÌÐĴìÐĊðĴÐÌwĴĴÐĮș

ĴìÐīðĮāĮďåÌďðĊæÅķĮðĊÐĮĮðĊĴÐīĊĴðďĊăăřșďī

ðĊĨīĴðÆķăīÆďķĊĴīřďīīÐæðďĊșÆďķăÌăďœÐī

ďķīīÐŒÐĊķÐĮșðĊÆīÐĮÐďķīÆďĮĴĮșīÐÌķÆÐďķī

ĨīďåðĴĮșďīÌðĮīķĨĴďķīÅķĮðĊÐĮĮȘ

ÐÆķīīÐĊĴăřďĨÐīĴÐðĊǠǟǧðīĨďīĴĮðĊǡǣÆďķĊĴīðÐĮīďķĊÌĴìÐ

œďīăÌȘZķīŒðăÅăÐĮÐĴĉðăÐĮĴìĴĴāÐďååďīăĊÌďķĴĮðÌÐĴìÐ

ĊðĴÐÌwĴĴÐĮīÐĨīÐĮÐĊĴÐÌĨĨīďŘðĉĴÐăřǢǣɦďåďķīīÐŒÐĊķÐĮ

åďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘZŒÐīĴìÐăďĊæĴÐīĉșœÐ

ÐŘĨÐÆĴďķīðĊĴÐīĊĴðďĊăďĨÐīĴðďĊĮĉřÆÆďķĊĴåďīĊðĊÆīÐĮðĊæ

ĨďīĴðďĊďåďķīĴďĴăīÐŒÐĊķÐĮĊÌŒðăÅăÐĮÐĴĉðăÐĮȘ'ŘĨĊĮðďĊ

ðĊĴďĊÐœðĊĴÐīĊĴðďĊăĉīāÐĴĮĉřìŒÐīðĮāĮÌķÐĴďåÆĴďīĮ

ĮĨÐÆðťÆĴďĴìďĮÐĉīāÐĴĮȘ

ÐìŒÐÐŘĨĊÌÐÌĊÌÐŘĨÐÆĴĴďÆďĊĴðĊķÐĴďÐŘĨĊÌďķīĮÐīŒðÆÐ

ĴďÆďķĊĴīðÐĮðĊĴìÐīðÅÅÐĊĊÌOĴðĊĉÐīðÆșĮďĉÐďåœìðÆì

ìŒÐăÐĮĮÌÐŒÐăďĨÐÌ ăÐæă ĮřĮĴÐĉĮș åðĊĊÆðăĉīāÐĴĮș ĊÌ

ÅķĮðĊÐĮĮĊÌĨďăðĴðÆăÐĊŒðīďĊĉÐĊĴĮĴìĊĴìÐĊðĴÐÌwĴĴÐĮșĊÌ

ĴìÐīÐåďīÐĨīÐĮÐĊĴæīÐĴÐīĨďăðĴðÆășăÐæășīÐæķăĴďīřșÐÆďĊďĉðÆș

ĊÌďĨÐīĴðďĊăīðĮāĮȘÐÐĉĨìĮðšÐăÐæăÆďĉĨăðĊÆÐĊÌìŒÐ

ðĉĨăÐĉÐĊĴÐÌĊÌÆďĊĴðĊķÐĴďðĉĨăÐĉÐĊĴĊÌīÐåīÐĮìĨďăðÆðÐĮș

ĨīďÆÐÌķīÐĮĊÌÆÐīĴðĊďĊæďðĊæĴīðĊðĊæďåÆīÐœĉÐĉÅÐīĮœðĴì

īÐæīÌĴďÅķĮðĊÐĮĮÐĴìðÆĮĊÌÆďĉĨăðĊÆÐșĊĴðȭÆďīīķĨĴðďĊ

ĨďăðÆðÐĮĊÌĉĊřāÐřăÐæăīÐĪķðīÐĉÐĊĴĮțìďœÐŒÐīșĴìÐīÐÆĊÅÐ

ĊďĮĮķīĊÆÐďķīÆīÐœĉÐĉÅÐīĮďīĴìðīÌĨīĴřĮÐīŒðÆÐĨīďŒðÌÐīĮ

ðĊĮķÆìăďÆĴðďĊĮœðăăÌìÐīÐĴďďķīÆďÌÐďåÅķĮðĊÐĮĮÆďĊÌķÆĴș

ĊĴðȭÆďīīķĨĴðďĊĨďăðÆðÐĮșďĴìÐīďĉĨĊřĨďăðÆðÐĮșďīďĴìÐīăÐæă

īÐĪķðīÐĉÐĊĴĮȘAåœÐåðăĴďÐĊåďīÆÐďķīĨďăðÆðÐĮĊÌĨīďÆÐÌķīÐĮ

ĨīďĨÐīăřďīĉðĊĴðĊÌÐĪķĴÐīÐÆďīÌȭāÐÐĨðĊæĊÌðĊĴÐīĊă

ÆÆďķĊĴðĊæĨīÆĴðÆÐĮĴďÆÆķīĴÐăřīÐÆďīÌďķīĴīĊĮÆĴðďĊĮș

œÐĉřÅÐĮķÅþÐÆĴĴďĮĊÆĴðďĊĮȘAĊĴìÐÐŒÐĊĴœÐÅÐăðÐŒÐďīìŒÐ

īÐĮďĊĴďÅÐăðÐŒÐďķīÆīÐœĉÐĉÅÐīĮìŒÐďīĉřìŒÐŒðďăĴÐÌ

ĨĨăðÆÅăÐăœĮďīīÐæķăĴðďĊĮșœÐĉřÅÐĮķÅþÐÆĴĴďðĊŒÐĮĴðæĴðďĊ

ÆďĮĴĮșĨďĴÐĊĴðăĨÐĊăĴðÐĮĊÌďĴìÐīīÐăĴÐÌÆďĮĴĮœìðÆìðĊ

ĴķīĊÆďķăÌĊÐæĴðŒÐăřååÐÆĴďķīīÐĨķĴĴðďĊșĊÌďķīīÐĮķăĴĮďå

ďĨÐīĴðďĊĮĊÌÆĮìŦďœȘ

23JETBLUE AIRWAYS CORPORATION |

2022

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AĊÌÌðĴðďĊșĴďĴìÐÐŘĴÐĊĴœÐÆďĊĴðĊķÐĴďæīďœďķīÅķĮðĊÐĮĮÅďĴì

ÌďĉÐĮĴðÆăăřĊÌðĊĴÐīĊĴðďĊăăřșďĨÐĊðĊæĊÐœĉīāÐĴĮīÐĪķðīÐĮķĮ

ĴďÆďĉĉðĴĮķÅĮĴĊĴðăĉďķĊĴďåīÐĮďķīÆÐĮÐŒÐĊÅÐåďīÐĴìÐĊÐœ

ĮÐīŒðÆÐĮÆďĉĉÐĊÆÐȘ'ŘĨĊĮðďĊðĮăĮďÌÐĨÐĊÌÐĊĴķĨďĊďķīÅðăðĴř

ĴďĉðĊĴðĊĮåÐĊÌĮÐÆķīÐďĨÐīĴðďĊĊÌīÐĪķðīÐĮÌÌðĴðďĊă

ĨÐīĮďĊĊÐășÐĪķðĨĉÐĊĴșĊÌåÆðăðĴðÐĮȘ

ĮīÐĮķăĴșœÐīÐĮķÅþÐÆĴĴďĴìÐīðĮāĮďåÌďðĊæÅķĮðĊÐĮĮďķĴĮðÌÐ

ĴìÐĊðĴÐÌwĴĴÐĮșðĊÆăķÌðĊæȚ

■ ĴìÐÆďĮĴĮďåÆďĉĨăřðĊæœðĴìăœĮșīÐæķăĴðďĊĮșĊÌĨďăðÆðÐĮ

ȧðĊÆăķÌðĊæĴŘĴðďĊĨďăðÆðÐĮȨďååďīÐðæĊæďŒÐīĊĉÐĊĴĮīÐăĴðĊæ

ĴďðĊŒÐĮĴĉÐĊĴĮĊÌďĨÐīĴðďĊĮșĴìÐÆďĮĴĮďīÌÐĮðīÅðăðĴřďå

ÆďĉĨăřðĊæœðĴìăďÆăĨīÆĴðÆÐĮĊÌÆķĮĴďĉĮșĊÌĴìÐðĉĨÆĴďå

ŒīðďķĮĊĴðȭÆďīīķĨĴðďĊĊÌďĴìÐīăœĮååÐÆĴðĊæĴìÐÆĴðŒðĴðÐĮ

ďåȘwȘÆďĉĨĊðÐĮÅīďÌț

■ ÐŒďăŒðĊæăďÆăÌĴīÐĮðÌÐĊÆřīÐĪķðīÐĉÐĊĴĮĴìĴīÐĪķðīÐÌĴĴď

ÅÐĮĴďīÐÌďĊăřðĊĊÌșðĊĮďĉÐÆĮÐĮșăĮďĴďÅÐÆÆÐĮĮÐÌďĊăř

åīďĉœðĴìðĊșÆÐīĴðĊþķīðĮÌðÆĴðďĊț

■ ȘwȘĴŘĴðďĊďåðĊÆďĉÐÐīĊÐÌÅīďÌț

■ ðĉĨďīĴĊÌÐŘĨďīĴăðÆÐĊĮðĊæīÐĪķðīÐĉÐĊĴĮĊÌīÐæķăĴðďĊĮș

ĮœÐăăĮķĊåďīÐĮÐÐĊÆìĊæÐĮðĊīÐæķăĴďīřīÐĪķðīÐĉÐĊĴĮș

ðĊÆăķÌðĊæðĉĨďĮðĴðďĊďåĴīðååĮďīÐĉÅīæďÐĮșðĉĨďīĴďīÐŘĨďīĴ

īÐæķăĴðďĊĮșÆďĊĴīďăĮșĊÌďĴìÐīĴīÌÐīÐĮĴīðÆĴðďĊĮț

■ ĨďăðĴðÆăĊÌÐÆďĊďĉðÆðĊĮĴÅðăðĴřșðĊÆăķÌðĊæĮīÐĮķăĴďåĴìÐ

ďĊæďðĊæÆďĊŦðÆĴÅÐĴœÐÐĊtķĮĮðĊÌāīðĊÐț

■ åăķÆĴķĴðďĊĮðĊ:#qșðĊĴÐīÐĮĴĊÌÆķīīÐĊÆřÐŘÆìĊæÐīĴÐĮș

ÆðŒðăÌðĮĴķīÅĊÆÐĮșæďŒÐīĊĉÐĊĴðĊĮĴÅðăðĴřșĊĴðďĊăðšĴðďĊĊÌ

ÐŘĨīďĨīðĴðďĊďåĨīðŒĴÐĮĮÐĴĮșĴīŨÆāðĊæĊÌĴìÐðĉĨďĮðĴðďĊ

ďåĴŘÐĮďīďĴìÐīÆìīæÐĮÅřæďŒÐīĊĉÐĊĴĮț

■ ìÐăĴì ĊÌ ĮåÐĴř ĨīďĴďÆďăĮșðĊÆăķÌðĊæ æăďÅă ÆīÐ ĊÌ

ÆăÐĊăðĊÐĮĮÆÐīĴðťÆĴðďĊĮșĴĴìÐðīĨďīĴĮðĊœìðÆìœÐďĨÐīĴÐț

■ ĴìÐÆďĉĨăÐŘðĴřďåĉĊæðĊæĊďīæĊðšĴðďĊÌďðĊæÅķĮðĊÐĮĮðĊ

ĉĊřþķīðĮÌðÆĴðďĊĮț

■ ķĊÆÐīĴðĊĴðÐĮĮĴďăďÆăăœĮĊÌÐĊåďīÆÐĉÐĊĴďåÆďĊĴīÆĴĊÌ

ðĊĴÐăăÐÆĴķăĨīďĨÐīĴřīðæìĴĮĊÌďÆÆĮðďĊăīÐĪķðīÐĉÐĊĴĮåďī

ďĊÐīďķĮÆďĊĴīÆĴÆăķĮÐĮțĊÌ

■ īĨðÌÆìĊæÐĮðĊæďŒÐīĊĉÐĊĴșÐÆďĊďĉðÆșĊÌĨďăðĴðÆăĨďăðÆðÐĮț

ĨďăðĴðÆăďīÆðŒðăķĊīÐĮĴțÆĴĮďåĴÐīīďīðĮĉțďīĴìÐĴìīÐĴďå

ðĊĴÐīĊĴðďĊăÅďřÆďĴĴĮďīȘwȘĊĴðȭÅďřÆďĴĴăÐæðĮăĴðďĊȘ

ìðăÐĴìÐĮÐåÆĴďīĮĊÌĴìÐðĉĨÆĴďåĴìÐĮÐåÆĴďīĮīÐÌðŨÆķăĴ

ĴďĨīÐÌðÆĴșĊřďĊÐďīĉďīÐďåĴìÐĉÆďķăÌăďœÐīďķīīÐŒÐĊķÐĮș

ååÐÆĴďķīďĨÐīĴðďĊĮșðĊÆīÐĮÐďķīÆďĮĴĮșīÐÌķÆÐďķīĨīďťĴĮșďī

ÌðĮīķĨĴďķīÅķĮðĊÐĮĮȘ}ìÐďÆÆķīīÐĊÆÐďåĊřďåĴìÐĮÐÐŒÐĊĴĮðĊ

ĉīāÐĴĮĮÐīŒÐÌÅřķĮĊÌĴìÐīÐĮķăĴðĊæðĊĮĴÅðăðĴřĉřÌŒÐīĮÐăř

affect our business.

ZķīìðæìðīÆīåĴķĴðăðšĴðďĊīĴÐìÐăĨĮķĮāÐÐĨ

ďķīÆďĮĴĮăďœșÅķĴăĮďĉāÐĮķĮŒķăĊÐīÅăÐ

ĴďÌÐăřĮĊÌÆĊÆÐăăĴðďĊĮțĮķÆìÌÐăřĮĊÌ

ÆĊÆÐăăĴðďĊĮÆďķăÌīÐÌķÆÐďķīĨīďåðĴÅðăðĴř

ĊÌīÐĨķĴĴðďĊȘ

ÐĉðĊĴðĊìðæìÌðăřðīÆīåĴķĴðăðšĴðďĊīĴÐșœìðÆìðĮĴìÐ

ĉďķĊĴďåĴðĉÐďķīðīÆīåĴĮĨÐĊÌðĊĴìÐðīÆīīřðĊæĨĮĮÐĊæÐīĮȘ

>ðæìÌðăřðīÆīåĴķĴðăðšĴðďĊðĮÆìðÐŒÐÌðĊĨīĴÅřīÐÌķÆðĊæ

ĴķīĊīďķĊÌĴðĉÐĮĴðīĨďīĴĮĮďœÐÆĊŦřĉďīÐìďķīĮďĊŒÐīæÐ

ðĊÌřȘðīÆīåĴķĴðăðšĴðďĊðĮīÐÌķÆÐÌÅřÌÐăřĮĊÌÆĊÆÐăăĴðďĊĮ

åīďĉŒīðďķĮåÆĴďīĮșĉĊřďåœìðÆìīÐÅÐřďĊÌďķīÆďĊĴīďăș

ðĊÆăķÌðĊæÌŒÐīĮÐœÐĴìÐīÆďĊÌðĴðďĊĮșĮÐÆķīðĴřīÐĪķðīÐĉÐĊĴĮșðī

ĴīŨÆÆďĊæÐĮĴðďĊșĊÌķĊĮÆìÐÌķăÐÌĉðĊĴÐĊĊÆÐÐŒÐĊĴĮȘ}ìÐ

ĉþďīðĴřďåďķīďĨÐīĴðďĊĮīÐÆďĊÆÐĊĴīĴÐÌðĊĴìÐUďīĴìÐĮĴ

ĊÌ9ăďīðÌșœìðÆìīÐĨīĴðÆķăīăřŒķăĊÐīÅăÐĴďœÐĴìÐīĊÌ

ÆďĊæÐĮĴðďĊÌÐăřĮȘtÐÌķÆÐÌðīÆīåĴķĴðăðšĴðďĊĉřăðĉðĴďķī

ÅðăðĴřĴďÆìðÐŒÐĊÌĉðĊĴðĊĨīďåðĴÅðăðĴřĮœÐăăĮăÐÌĴď

ÆķĮĴďĉÐīÌðĮĮĴðĮåÆĴðďĊĊÌīÐĨķĴĴðďĊăìīĉȘ

ZķīÅķĮðĊÐĮĮðĮìðæìăřÌÐĨÐĊÌÐĊĴďĊĴìÐUÐœ

ďīāĉÐĴīďĨďăðĴĊĉīāÐĴĊÌðĊÆīÐĮÐĮðĊ

ÆďĉĨÐĴðĴðďĊďīÆďĊæÐĮĴðďĊďīīÐÌķÆĴðďĊ

ðĊÌÐĉĊÌåďīðīĴīŒÐăðĊĴìðĮĉīāÐĴșďī

æďŒÐīĊĉÐĊĴăīÐÌķÆĴðďĊďåďķīďĨÐīĴðĊæ

ÆĨÆðĴřĴL9NșœďķăÌìīĉďķīÅķĮðĊÐĮĮȘ

ÐīÐìðæìăřÌÐĨÐĊÌÐĊĴďĊĴìÐUÐœďīāĉÐĴīďĨďăðĴĊĉīāÐĴ

œìÐīÐœÐĉðĊĴðĊăīæÐĨīÐĮÐĊÆÐœðĴìĨĨīďŘðĉĴÐăřďĊÐȭ

ìăåďåďķīÌðăřåăðæìĴĮìŒðĊæL9NșO:ķīÌðșUÐœīāșďī

ÐĮĴÆìÐĮĴÐīďķĊĴřðīĨďīĴĮÐðĴìÐīĴìÐðīďīðæðĊďīÌÐĮĴðĊĴðďĊȘ

ÐìŒÐìðĮĴďīðÆăăřÐŘĨÐīðÐĊÆÐÌĊðĊÆīÐĮÐðĊŦðæìĴÌÐăřĮĊÌ

ÆĊÆÐăăĴðďĊĮĴĴìÐĮÐðīĨďīĴĮÌķÐĴďðīĨďīĴÆďĊæÐĮĴðďĊœìðÆì

ìĮÌŒÐīĮÐăřååÐÆĴÐÌďķīďĨÐīĴðĊæĨÐīåďīĉĊÆÐĊÌīÐĮķăĴĮďå

ďĨÐīĴðďĊĮȘZķīÅķĮðĊÐĮĮÆďķăÌÅÐåķīĴìÐīìīĉÐÌÅřĊðĊÆīÐĮÐ

ðĊĴìÐĉďķĊĴďåÌðīÐÆĴÆďĉĨÐĴðĴðďĊœÐåÆÐðĊĴìÐUÐœďīā

ĉÐĴīďĨďăðĴĊĉīāÐĴďīÅřÆďĊĴðĊķÐÌďīðĊÆīÐĮÐÌÆďĊæÐĮĴðďĊș

ÌÐăřĮďīÆĊÆÐăăĴðďĊĮȘZķīÅķĮðĊÐĮĮœďķăÌăĮďÅÐìīĉÐÌ

ÅřĊřÆðīÆķĉĮĴĊÆÐĮÆķĮðĊæīÐÌķÆĴðďĊðĊÌÐĉĊÌåďīðī

ĴīĊĮĨďīĴĴðďĊðĊĴìÐUÐœďīāĉÐĴīďĨďăðĴĊīÐșĮķÆìĮÌŒÐīĮÐ

ÆìĊæÐĮðĊăďÆăÐÆďĊďĉðÆÆďĊÌðĴðďĊĮșìÐăĴìÆďĊÆÐīĊĮșðĊÆăķÌðĊæ

ZA#ȭǠǨșĊÐæĴðŒÐĨķÅăðÆĨÐīÆÐĨĴðďĊďåUÐœďīāðĴřșÆĴĮďå

ĴÐīīďīðĮĉșďīĮðæĊðťÆĊĴĨīðÆÐďīĴŘðĊÆīÐĮÐĮăðĊāÐÌĴďðĊÆīÐĮÐĮ

ðĊðīĨďīĴÆÆÐĮĮÆďĮĴĮĊÌåÐÐĮðĉĨďĮÐÌďĊĨĮĮÐĊæÐīĮȘ

'ŘĴÐĊÌÐÌðĊĴÐīīķĨĴðďĊĮďīÌðĮīķĨĴðďĊĮðĊ

ĮÐīŒðÆÐĴďĊÐďīĉďīÐďåďķīåďÆķĮÆðĴðÐĮ

ÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐðĉĨÆĴďĊďķī

ďĨÐīĴðďĊĮȘ

ZķīÅķĮðĊÐĮĮðĮìÐŒðăřÌÐĨÐĊÌÐĊĴďĊďķīďĨÐīĴðďĊĮðĊĴìÐUÐœ

ďīāTÐĴīďĨďăðĴĊīÐșĨīĴðÆķăīăřĴL9NșĊÌĴďķīďĴìÐīåďÆķĮ

ÆðĴðÐĮðĊďĮĴďĊșZīăĊÌďș9ďīĴOķÌÐīÌăÐșĴìÐOďĮĊæÐăÐĮÅĮðĊș

ĊÌwĊLķĊșqķÐīĴďtðÆďȘ'ÆìďåĴìÐĮÐďĨÐīĴðďĊĮðĊÆăķÌÐĮ

ŦðæìĴĮĴìĴæĴìÐīĊÌÌðĮĴīðÅķĴÐĴīŨÆĴďďĴìÐīĉþďīÆðĴðÐĮȘ

ĮðæĊðťÆĊĴðĊĴÐīīķĨĴðďĊďīÌðĮīķĨĴðďĊðĊĮÐīŒðÆÐĴďĊÐďīĉďīÐ

ďåďķīåďÆķĮÆðĴðÐĮÆďķăÌìŒÐĮÐīðďķĮðĉĨÆĴďĊďķīÅķĮðĊÐĮĮș

ťĊĊÆðăÆďĊÌðĴðďĊșĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȘ

ÐĉřÅÐðĉĨÆĴÐÌÅřðĊÆīÐĮÐĮðĊðīĨďīĴ

ÐŘĨÐĊĮÐĮīÐăĴðĊæĴďðĊåīĮĴīķÆĴķīÐĊÌ

åÆðăðĴðÐĮȘ

AĊďīÌÐīĴďďĨÐīĴÐœðĴìðĊďķīÆķīīÐĊĴĉīāÐĴĮĮœÐăăĮÆďĊĴðĊķÐ

ĴďæīďœðĊĊÐœĉīāÐĴĮșœÐĉķĮĴÅÐÅăÐĴďďÅĴðĊÌÐĪķĴÐ

ðĊåīĮĴīķÆĴķīÐĊÌåÆðăðĴðÐĮœðĴìðĊĴìÐðīĨďīĴĮœÐĮÐīŒÐȘ}ìðĮ

ðĊÆăķÌÐĮæĴÐĮșÆìÐÆāȭðĊåÆðăðĴðÐĮșďĨÐīĴðďĊĮåÆðăðĴðÐĮșĊÌ

ăĊÌðĊæĮăďĴĮșœìÐīÐĨĨăðÆÅăÐȘ}ìÐÆďĮĴĮĮĮďÆðĴÐÌœðĴìĴìÐĮÐ

24 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TɁǠɁtAwN9}Ztw

ðīĨďīĴĮīÐďåĴÐĊĊÐæďĴðĴÐÌďĊĮìďīĴȭĴÐīĉÅĮðĮœðĴìĴìÐ

ðīĨďīĴķĴìďīðĴřĊÌœÐÆďķăÌÅÐĮķÅþÐÆĴĴďðĊÆīÐĮÐĮðĊÆďĮĴĮďĊ

īÐæķăīÅĮðĮœðĴìďīœðĴìďķĴďķīĨĨīďŒăȘ}ìÐīÐðĮĨďĮĮðÅðăðĴř

ĴìĴðīĨďīĴķĴìďīðĴðÐĮșĮķååÐīðĊæåīďĉīÐŒÐĊķÐĮìďīĴåăăĮÌķÐĴď

ĴìÐĨĊÌÐĉðÆșĉřĴĴÐĉĨĴĴďīÐÆďŒÐīĴìďĮÐĮìďīĴåăăĮÅřĨĮĮðĊæ

ăďĊæĴìÐÆďĮĴĮďīðĊÆīÐĮðĊæīÐĊĴĮďīåÐÐĮĴďðīăðĊÐĴÐĊĊĴĮȘAĊ

ÌÌðĴðďĊșďķīďĨÐīĴðďĊĮÆďĊÆÐĊĴīĴÐÌðĊďăÌÐīðīĨďīĴĮĉřÅÐ

ìīĉÐÌðåĴìÐðĊåīĮĴīķÆĴķīÐĴĴìďĮÐďăÌÐīðīĨďīĴĮåðăĮĴďďĨÐīĴÐ

ĮÐŘĨÐÆĴÐÌÌķÐĴďæÐșďŒÐīķĮÐșďīĮðæĊðåðÆĊĴķĊÐŘĨÐÆĴÐÌ

œÐĴìÐīÐŒÐĊĴĮȘ

ZķīīÐĮķăĴĮďåďĨÐīĴðďĊĮåăķÆĴķĴÐÌķÐĴď

ĮÐĮďĊăðĴřșœÐĴìÐīșĊÌďĴìÐīåÆĴďīĮȘ

ÐÐŘĨÐÆĴďķīĪķīĴÐīăřďĨÐīĴðĊæīÐĮķăĴĮĴďåăķÆĴķĴÐÌķÐ

ĴďĮÐĮďĊăðĴřðĊÆăķÌðĊæìðæìŒÆĴðďĊĊÌăÐðĮķīÐÌÐĉĊÌ

æÐĊÐīăăřďÆÆķīīðĊæďĊďķī9ăďīðÌīďķĴÐĮÅÐĴœÐÐĊZÆĴďÅÐīĊÌ

ĨīðăĊÌďĊďķīœÐĮĴÐīĊīďķĴÐĮÌķīðĊæĴìÐĮķĉĉÐīȘÆĴðďĊĮďå

ďķīÆďĉĨÐĴðĴďīĮĊÌĴīŒÐăīÐĮĴīðÆĴðďĊĮĉřăĮďÆďĊĴīðÅķĴÐĴď

ŦķÆĴķĴðďĊĮðĊďķīīÐĮķăĴĮȘÐīÐĉďīÐĮķĮÆÐĨĴðÅăÐĴďÌŒÐīĮÐ

œÐĴìÐīÆďĊÌðĴðďĊĮșðĊÆăķÌðĊæĮĊďœĮĴďīĉĮĊÌìķīīðÆĊÐĮș

ĮīÐĮķăĴďåďķīďĨÐīĴðďĊĮÅÐðĊæÆďĊÆÐĊĴīĴÐÌďĊĴìÐ'ĮĴ

ďĮĴșĴìĊĮďĉÐďåďķīÆďĉĨÐĴðĴďīĮȘZķī9ăďīðÌĊÌīðÅÅÐĊ

ďĨÐīĴðďĊĮīÐĮķÅþÐÆĴĴďìķīīðÆĊÐĮȘĮœÐÐĊĴÐīĊÐœĉīāÐĴĮ

œÐÆďķăÌÅÐĮķÅþÐÆĴĴďÌÌðĴðďĊăĮÐĮďĊăŒīðĴðďĊĮăďĊæ

œðĴìĊřÆďĉĨÐĴðĴðŒÐīÐĮĨďĊĮÐĮĴďďķīÐĊĴīřÅřďĴìÐīðīăðĊÐĮȘ

qīðÆÐÆìĊæÐĮðĊðīÆīåĴåķÐăĮœÐăăĮĴìÐĴðĉðĊæĊÌĉďķĊĴ

ďåĉðĊĴÐĊĊÆÐĊÌÌŒÐīĴðĮðĊæÐŘĨÐĊÌðĴķīÐĮăĮďðĉĨÆĴďķī

ďĨÐīĴðďĊĮȘĮīÐĮķăĴďåĴìÐĮÐåÆĴďīĮșĪķīĴÐīȭĴďȭĪķīĴÐī

ÆďĉĨīðĮďĊĮďåďķīďĨÐīĴðĊæīÐĮķăĴĮĉřĊďĴÅÐæďďÌðĊÌðÆĴďī

ďåďķīåķĴķīÐĨÐīåďīĉĊÆÐȘAĊÌÌðĴðďĊșðĴðĮĨďĮĮðÅăÐðĊĊřåķĴķīÐ

ĨÐīðďÌďķīďĨÐīĴðĊæīÐĮķăĴĮÆďķăÌÅÐÅÐăďœĴìÐÐŘĨÐÆĴĴðďĊĮďå

ðĊŒÐĮĴďīĮĊÌĊřĨķÅăðĮìÐÌīÐĨďīĴĮďīĊăřĮðĮīÐæīÌðĊæLÐĴăķÐȘ

AĊĮķÆìĊÐŒÐĊĴșĴìÐĨīðÆÐďåďķīÆďĉĉďĊĮĴďÆāÆďķăÌÌÐÆăðĊÐș

ĨÐīìĨĮĮķÅĮĴĊĴðăăřȘ

ÐīÐĮķÅþÐÆĴĴďĴìÐīðĮāĮďåìŒðĊæăðĉðĴÐÌ

ĊķĉÅÐīďåĮķĨĨăðÐīĮåďīďķīðīÆīåĴșÐĊæðĊÐĮș

ĊÌďķī9ăřȭ9ðɮĨīďÌķÆĴȘ

ZķīÆķīīÐĊĴÌÐĨÐĊÌÐĊÆÐďĊťŒÐĴřĨÐĮďåðīÆīåĴĊÌÐĊæðĊÐĮ

åďīăăďåďķīŦðæìĴĮĉāÐĮķĮŒķăĊÐīÅăÐĴďĮðæĊðťÆĊĴĨīďÅăÐĉĮ

ĮĮďÆðĴÐÌœðĴìqīĴĴɪìðĴĊÐř:ÐīÐÌ}ķīÅďåĊ'ĊæðĊÐĮșďī

ĴìÐqǠǠǢǢ:ȭLTÐĊæðĊÐșďĊďķīǢǡǠĊÐďŦÐÐĴșAĊĴÐīĊĴðďĊăÐīď

'ĊæðĊÐĮșďīĴìÐA'ǡǤǢǢȭǤÐĊæðĊÐďĊďķīðīÅķĮǢǡǠŦÐÐĴș

AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮșďīĴìÐA'ǡǤǡǦȭǤÐĊæðĊÐșďĊďķī

ðīÅķĮǢǡǟŦÐÐĴșqīĴĴɪìðĴĊÐř:ÐīÐÌ}ķīÅďåĊ'ĊæðĊÐĮșďī

ĴìÐqǠǤǡǣ:ȭǢÐĊæðĊÐďĊďķīǡǡǟŦÐÐĴșĊÌ:ÐĊÐīă'ăÐÆĴīðÆ

'ĊæðĊÐĮșďīĴìÐ9ǢǣȭǠǟÐĊæðĊÐďĊďķī'ĉÅīÐī'ǠǨǟŦÐÐĴȘ}ìðĮ

ÆďķăÌðĊÆăķÌÐÌÐĮðæĊÌÐåÐÆĴĮșĉÐÆìĊðÆăĨīďÅăÐĉĮșÆďĊĴīÆĴķă

ĨÐīåďīĉĊÆÐÅřĴìÐĉĊķåÆĴķīÐīĮșďīÌŒÐīĮÐĨÐīÆÐĨĴðďĊÅřĴìÐ

ĨķÅăðÆœìðÆìœďķăÌīÐĮķăĴðĊÆķĮĴďĉÐīŒďðÌĊÆÐďīðĊÆĴðďĊĮÅř

ĴìÐ9īÐĮķăĴðĊæðĊĊðĊÅðăðĴřĴďďĨÐīĴÐďķīðīÆīåĴȘīīðÐīĮ

ďĨÐīĴðĊæĉďīÐÌðŒÐīĮðťÐÌŦÐÐĴīÐÅÐĴĴÐīĨďĮðĴðďĊÐÌĴìĊœÐ

īÐĴďĉĊæÐĮķÆìÐŒÐĊĴĮȘ

Zķī9ăřȭ9ðɮĮÐīŒðÆÐķĮÐĮĴÐÆìĊďăďæřĊÌĮĴÐăăðĴÐÆÆÐĮĮĴìīďķæì

ďķīæīÐÐĉÐĊĴœðĴì}ìăÐĮŒðďĊðÆĮșAĊÆȘșďī}ìăÐĮȘĊðĊĴÐæīă

ÆďĉĨďĊÐĊĴďåĴìÐ9ăřȭ9ðɮĮřĮĴÐĉðĮĴìÐĊĴÐĊĊșœìðÆìðĮĮķĨĨăðÐÌ

ĴďķĮÅř}ìăÐĮȘAå}ìăÐĮœÐīÐĴďĮĴďĨĮķĨĨăřðĊæķĮœðĴìðĴĮ

ĊĴÐĊĊĮåďīĊřīÐĮďĊșœÐœďķăÌìŒÐĴďðĊÆķīĮðæĊðťÆĊĴÆďĮĴĮ

ĴďĨīďÆķīÐĊăĴÐīĊĴÐĮķĨĨăðÐīȘÌÌðĴðďĊăăřșðåĴìÐĮĴÐăăðĴÐĮ9ăřȭ

9ðɮķĮÐĮœÐīÐĴďÅÐÆďĉÐðĊďĨÐīÅăÐåďīĊřīÐĮďĊșœÐœďķăÌìŒÐ

ĴďðĊÆķīĮðæĊðťÆĊĴÆďĮĴĮĴďīÐĨăÆÐĴìÐĮÐīŒðÆÐȘ

}īðååĮðĉĨďĮÐÌďĊÆďĉĉÐīÆðăðīÆīåĴĊÌ

īÐăĴÐÌĨīĴĮðĉĨďīĴÐÌåīďĉďķĴĮðÌÐĴìÐĊðĴÐÌ

wĴĴÐĮșďīĴīðååĮĴìĴĉřÅÐÐĮÆăĴÐÌďŒÐī

ĴðĉÐșĉřìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊ

ďķīåăÐÐĴșÅķĮðĊÐĮĮșåðĊĊÆðăÆďĊÌðĴðďĊșĊÌ

īÐĮķăĴĮďåďĨÐīĴðďĊĮȘ

ÐīĴðĊďåĴìÐĨīďÌķÆĴĮĊÌĮÐīŒðÆÐĮĴìĴœÐĨķīÆìĮÐșðĊÆăķÌðĊæ

ðīÆīåĴĊÌīÐăĴÐÌĨīĴĮșīÐĮďķīÆÐÌåīďĉĮķĨĨăðÐīĮăďÆĴÐÌ

ďķĴĮðÌÐĴìÐĊðĴÐÌwĴĴÐĮșĊÌĴìÐðĉĨďĮðĴðďĊďåĊÐœĴīðååĮș

ďīĊřðĊÆīÐĮÐðĊÐŘðĮĴðĊæĴīðååĮșÅřĴìÐȘwȘæďŒÐīĊĉÐĊĴďĊ

ĴìÐðĉĨďīĴĴðďĊďåĮķÆìĨīďÌķÆĴĮďīĮÐīŒðÆÐĮÆďķăÌĉĴÐīðăăř

ðĊÆīÐĮÐĴìÐĉďķĊĴĮœÐĨřåďīĴìÐĉȘ

ÐĉřĮÐÐāĴďĨďĮĴĨďĊÐďīÆĊÆÐăÌÐăðŒÐīřďåÆÐīĴðĊðīÆīåĴ

ÆķīīÐĊĴăřĮÆìÐÌķăÐÌåďīÌÐăðŒÐīřșĊÌœÐĉřÆìďďĮÐĊďĴĴď

ĨķīÆìĮÐðĊĴìÐåķĴķīÐĮĉĊřðīÆīåĴĮœÐðĊĴÐĊÌÐÌȘAĊ

ÌÌðĴðďĊșĮìďķăÌÌÌðĴðďĊăďīÌðååÐīÐĊĴīÐĴăðĴďīřĴīðååĮÅÐ

ðĉĨďĮÐÌșďķīÅķĮðĊÐĮĮÆďķăÌÅÐìīĉÐÌȘĊřĮķÆìÆĴðďĊÆďķăÌ

ìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊĴìÐĮðšÐďåďķīŦÐÐĴșÅķĮðĊÐĮĮș

ťĊĊÆðăÆďĊÌðĴðďĊșĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȘ

ZķīUďīĴìÐĮĴăăðĊÆÐœðĴìĉÐīðÆĊðīăðĊÐĮ

ðĮĮķÅþÐÆĴĴďÆìăăÐĊæÐ

AĊLķăřǡǟǡǟșLÐĴăķÐ ĊÌ ĉÐīðÆĊ ÐĊĴÐīÐÌðĊĴďĴìÐU'

ÌÐĮðæĊÐÌĴďďĨĴðĉðšÐďķīīÐĮĨÐÆĴðŒÐĊÐĴœďīāĮĴL9NșO:ķīÌðș

UÐœīāșĊÌďĮĴďĊȘ9ďăăďœðĊæīÐŒðÐœĊÌæīÐÐĉÐĊĴÅřĴìÐ#Z}ș

LÐĴăķÐĊÌĉÐīðÆĊÅÐæĊðĉĨăÐĉÐĊĴðĊæĴìÐU'ðĊLķăřǡǟǡǠȘ

ZĊwÐĨĴÐĉÅÐīǡǠșǡǟǡǠșĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴďåLķĮĴðÆÐș

ăďĊæœðĴìĴìÐĴĴďīĊÐřĮ:ÐĊÐīăďåĮðŘĮĴĴÐĮĊÌĴìÐÌðĮĴīðÆĴ

ďåďăķĉÅðťăÐÌĮķðĴæðĊĮĴLÐĴăķÐĊÌĉÐīðÆĊĮÐÐāðĊæĴď

ÐĊþďðĊĴìÐU'șăăÐæðĊæĴìĴðĴŒðďăĴÐĮwÐÆĴðďĊǠďåĴìÐwìÐīĉĊ

ÆĴȘ}ìÐÅÐĊÆìĴīðăďåĴìðĮĉĴĴÐīÆďĊÆăķÌÐÌðĊZÆĴďÅÐīǡǟǡǡșĊÌ

ĴìÐÆďķīĴìÐăÌÆăďĮðĊæīæķĉÐĊĴĮðĊUďŒÐĉÅÐīǡǟǡǡȘ}ìÐÆďķīĴȸĮ

ÌÐÆðĮðďĊīÐĉðĊĮĨÐĊÌðĊæȘĊÌŒÐīĮÐīķăðĊæÆďķăÌÌŒÐīĮÐăř

ðĉĨÆĴďķīÅðăðĴřĴďÆìðÐŒÐĴìÐðĊĴÐĊÌÐÌÅÐĊÐťĴĮďåĴìÐU'

ĊÌÆďķăÌìŒÐĊÌŒÐīĮÐðĉĨÆĴďĊďķīÅķĮðĊÐĮĮșåðĊĊÆðă

ÆďĊÌðĴðďĊĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȘÌÌðĴðďĊăăřșœÐīÐðĊÆķīīðĊæ

ÆďĮĴĮĮĮďÆðĴÐÌœðĴìðĉĨăÐĉÐĊĴðĊæďĨÐīĴðďĊăĊÌĉīāÐĴðĊæ

ÐăÐĉÐĊĴĮďåĴìÐU'șœìðÆìœďķăÌĊďĴÅÐīÐÆďŒÐīÅăÐðåœÐœÐīÐ

īÐĪķðīÐÌĴďķĊœðĊÌăăďīĨďīĴðďĊďåĴìÐU'Ș

AĊ#ÐÆÐĉÅÐīǡǟǡǡĊÌ9ÐÅīķīřǡǟǡǢșĴìīÐÐĨķĴĴðŒÐÆăĮĮ

ÆĴðďĊĮăœĮķðĴĮœÐīÐťăÐÌðĊĴìÐĊðĴÐÌwĴĴÐĮ#ðĮĴīðÆĴďķīĴåďī

ĴìÐ'ĮĴÐīĊ#ðĮĴīðÆĴďåUÐœďīāĊÌĴìÐĊðĴÐÌwĴĴÐĮ#ðĮĴīðÆĴ

ďķīĴďåĴìÐ#ðĮĴīðÆĴďåTĮĮÆìķĮÐĴĴĮșăăÐæðĊæșĉďĊæďĴìÐī

ĴìðĊæĮșĴìĴĉďĊÐĴīřÌĉæÐĮĮìďķăÌÅÐœīÌÐÌĴďĨķĴĴðŒÐ

ÆăĮĮďåÌðīÐÆĴĨķīÆìĮÐīĮďåðīăðĊÐĴðÆāÐĴĮåīďĉLÐĴăķÐĊÌ

ĉÐīðÆĊďĊU'ŦðæìĴĮåīďĉLķăřǠǥșǡǟǡǟĴìīďķæìĴìÐĨīÐĮÐĊĴȘ

LÐĴăķÐÅÐăðÐŒÐĮĴìÐĮÐăœĮķðĴĮīÐœðĴìďķĴĉÐīðĴĊÌșăďĊæœðĴì

ĉÐīðÆĊșœðăăÌÐåÐĊÌĴìÐĮÐĉĴĴÐīĮŒðæďīďķĮăřȘ

25JETBLUE AIRWAYS CORPORATION |

2022

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Risks Related to Our Merger with Spirit

AĊďīÌÐīĴďÆďĊĮķĉĉĴÐĴìÐTÐīæÐīșœÐĊÌ

wĨðīðĴĉķĮĴďÅĴðĊÆÐīĴðĊæďŒÐīĊĉÐĊĴă

ĨĨīďŒăĮșĊÌðåĮķÆìĨĨīďŒăĮīÐĊďĴ

æīĊĴÐÌďīīÐæīĊĴÐÌœðĴìÆďĊÌðĴðďĊĮș

ÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīĉřÅÐ

þÐďĨīÌðšÐÌďīĴìÐĊĴðÆðĨĴÐÌÅÐĊÐåðĴĮďåĴìÐ

TÐīæÐīÆďķăÌÅÐīÐÌķÆÐÌȘ

ZĊLķăřǡǧșǡǟǡǡșœÐÐĊĴÐīÐÌðĊĴďTÐīæÐīæīÐÐĉÐĊĴœðĴìwĨðīðĴș

ĨķīĮķĊĴĴďœìðÆìœÐœďķăÌÆĪķðīÐwĨðīðĴȘăĴìďķæìœÐĊÌwĨðīðĴ

ìŒÐæīÐÐÌĴďķĮÐīÐĮďĊÅăÐÅÐĮĴÐååďīĴĮĴďĉāÐÆÐīĴðĊ

æďŒÐīĊĉÐĊĴăåðăðĊæĮĊÌďÅĴðĊĴìÐīÐĪķðīÐÌæďŒÐīĊĉÐĊĴă

ĨĨīďŒăĮșðĊÆăķÌðĊæåīďĉĴìÐ9șĴìÐ9ĊÌĴìÐ#Z}șĮœÐăă

ĮĴìÐÐŘĨðīĴðďĊďīĴÐīĉðĊĴðďĊďåīÐăÐŒĊĴœðĴðĊæĨÐīðďÌĮķĊÌÐī

ĴìÐ>wtÆĴșĴìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĴìĴĴìÐīÐăÐŒĊĴœðĴðĊæ

ĨÐīðďÌĮœðăăÐŘĨðīÐďīÅÐĴÐīĉðĊĴÐÌďīĴìĴĴìÐīÐăÐŒĊĴĨĨīďŒăĮ

œðăăÅÐďÅĴðĊÐÌȘ}ìÐæďŒÐīĊĉÐĊĴăÐĊĴðĴðÐĮåīďĉœìðÆìĴìÐĮÐ

ĨĨīďŒăĮīÐīÐĪķðīÐÌìŒÐÅīďÌÌðĮÆīÐĴðďĊðĊÌĉðĊðĮĴÐīðĊæ

ĴìÐæďŒÐīĊðĊæăœĮĊÌīÐæķăĴðďĊĮșĊÌĉřĴāÐðĊĴďÆÆďķĊĴ

ŒīðďķĮåÆĴĮĊÌÆðīÆķĉĮĴĊÆÐĮðĊĴìÐðīÆďĊĮðÌÐīĴðďĊďåĴìÐ

TÐīæÐīȘ}ìÐĮÐæďŒÐīĊĉÐĊĴăÐĊĴðĴðÐĮĉřðĊðĴðĴÐĨīďÆÐÐÌðĊæĮ

ĮÐÐāðĊæĴďĨīÐŒÐĊĴșďīďĴìÐīœðĮÐĮÐÐāĴďĨīÐŒÐĊĴșĴìÐTÐīæÐīȘ

ĮÆďĊÌðĴðďĊĴďĨĨīďŒðĊæĴìÐTÐīæÐīșĴìÐĮÐæďŒÐīĊĉÐĊĴă

ÐĊĴðĴðÐĮĉřðĉĨďĮÐÆďĊÌðĴðďĊĮșĴÐīĉĮșďÅăðæĴðďĊĮďīīÐĮĴīðÆĴðďĊĮ

ďīīÐĪķðīÐÌðŒÐĮĴðĴķīÐĮďīĨăÆÐīÐĮĴīðÆĴðďĊĮďĊĴìÐÆďĊÌķÆĴďå

ďķīÅķĮðĊÐĮĮåĴÐīÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīȘĮĨīĴďåĴìÐ

TÐīæÐīæīÐÐĉÐĊĴșœÐìŒÐæīÐÐÌĴďĴāÐĊřĮķÆìīÐĪķðīÐÌ

ÌðŒÐĮĴðĴķīÐÆĴðďĊĮðĊÆďĊĊÐÆĴðďĊœðĴìĴìÐÆďĊĮķĉĉĴðďĊďå

TÐīæÐīșĨīďŒðÌÐÌĴìĴœÐīÐĊďĴīÐĪķðīÐÌĴďĴāÐĊřÌðŒÐĮĴðĴķīÐ

ÆĴðďĊĮðåĮķÆìÆĴðďĊœďķăÌďīœďķăÌīÐĮďĊÅăřÅÐÐŘĨÐÆĴÐÌ

ĴďīÐĮķăĴðĊĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊķĮĊÌďķīĮķÅĮðÌðīðÐĮ

ȧðĊÆăķÌðĊæșåďăăďœðĊæĴìÐÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșwĨðīðĴĊÌ

ðĴĮĮķÅĮðÌðīðÐĮȨĊďīīÐœÐīÐĪķðīÐÌĴďĴāÐĊřÆĴðďĊĴìĴșðĊďķī

ÌðĮÆīÐĴðďĊșœďķăÌÅÐīÐĮďĊÅăřăðāÐăřĴďĉĴÐīðăăřĊÌÌŒÐīĮÐăř

ååÐÆĴĴìÐĊĴðÆðĨĴÐÌÅÐĊÐťĴĮďåďķīU'œðĴìĉÐīðÆĊȘ}ìÐīÐ

ÆĊÅÐĊďĮĮķīĊÆÐĴìĴæďŒÐīĊĉÐĊĴăÐĊĴðĴðÐĮœðăăĊďĴðĉĨďĮÐ

ÆďĊÌðĴðďĊĮșĴÐīĉĮșďÅăðæĴðďĊĮďīīÐĮĴīðÆĴðďĊĮĊÌĴìĴĮķÆì

ÆďĊÌðĴðďĊĮșĴÐīĉĮșďÅăðæĴðďĊĮďīīÐĮĴīðÆĴðďĊĮœðăăĊďĴìŒÐĴìÐ

ÐååÐÆĴďåÌÐăřðĊæďīĨīÐŒÐĊĴðĊæÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐī

ďīðĉĨďĮðĊæÌÌðĴðďĊăĉĴÐīðăÆďĮĴĮďĊďīĉĴÐīðăăřăðĉðĴðĊæ

ĴìÐīÐŒÐĊķÐĮďåĴìÐÆďĉÅðĊÐÌÆďĉĨĊřåďăăďœðĊæĴìÐTÐīæÐīș

ďīďĴìÐīœðĮÐÌŒÐīĮÐăřååÐÆĴðĊæșðĊÆăķÌðĊæĴďĉĴÐīðăÐŘĴÐĊĴș

ďķīÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮĊÌťĊĊÆðăÆďĊÌðĴðďĊåĴÐī

ÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīȘAåœÐīÐīÐĪķðīÐÌĴďÌðŒÐĮĴĮĮÐĴĮ

ďīÅķĮðĊÐĮĮÐĮșĴìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĴìĴœÐœðăăÅÐÅăÐ

ĴďĊÐæďĴðĴÐĮķÆìÌðŒÐĮĴðĴķīÐĮÐŘĨÐÌðĴðďķĮăřďīďĊåŒďīÅăÐ

ĴÐīĉĮďīĴìĴĴìÐæďŒÐīĊĉÐĊĴăÐĊĴðĴðÐĮœðăăĨĨīďŒÐĴìÐĴÐīĉĮ

ďåĮķÆìÌðŒÐĮĴðĴķīÐĮȘÐÆĊĨīďŒðÌÐĊďĮĮķīĊÆÐĴìĴĴìÐĮÐ

ÆďĊÌðĴðďĊĮșĴÐīĉĮșďÅăðæĴðďĊĮďīīÐĮĴīðÆĴðďĊĮœðăăĊďĴīÐĮķăĴðĊ

ĴìÐÅĊÌďĊĉÐĊĴďåĴìÐTÐīæÐīȘ

9ðăķīÐĴďÆďĊĮķĉĉĴÐĴìÐTÐīæÐīðĊĴðĉÐăř

ĉĊĊÐīďīĴăăÆďķăÌĊÐæĴðŒÐăřðĉĨÆĴĴìÐ

ĉīāÐĴĨīðÆÐďåďķīÆďĉĉďĊĮĴďÆāșĮœÐăă

ĮďķīåķĴķīÐÅķĮðĊÐĮĮĊÌďķīīÐĮķăĴĮďå

ďĨÐīĴðďĊĮĊÌåðĊĊÆðăÆďĊÌðĴðďĊȘ

}ìÐTÐīæÐīÆĊĊďĴÅÐÆďĊĮķĉĉĴÐÌķĊĴðăÆďĊÌðĴðďĊĮĴďÆăďĮðĊæ

īÐĮĴðĮťÐÌďīșðåĨÐīĉðĮĮðÅăÐķĊÌÐīĨĨăðÆÅăÐăœșœðŒÐÌȘ}ìÐ

TÐīæÐīīÐĉðĊĮĮķÅþÐÆĴĴďĊķĉÐīďķĮÆăďĮðĊæÆďĊÌðĴðďĊĮșðĊÆăķÌðĊæ

ĉďĊæďĴìÐīĴìðĊæĮīÐÆÐðĨĴďåĨĨăðÆÅăÐīÐæķăĴďīřĨĨīďŒăĮș

ðĊÆăķÌðĊæĨĨīďŒăĮåīďĉĴìÐ9șĴìÐ9ĊÌĴìÐ#Z}șĴìÐ

ÐŘĨðīĴðďĊďīÐīăřĴÐīĉðĊĴðďĊÅďĴìďåĴìÐĮĴĴķĴďīřœðĴðĊæ

ĨÐīðďÌķĊÌÐīĴìÐ>wtÆĴĊÌĊřÆķĮĴďĉīřĴðĉðĊææīÐÐĉÐĊĴ

œðĴìĊřæďŒÐīĊĉÐĊĴăÐĊĴðĴřĊďĴĴďÆďĊĮķĉĉĴÐĴìÐTÐīæÐīșĊÌ

ĨĨīďŒăķĊÌÐīÆÐīĴðĊåďīÐðæĊĊĴðĴīķĮĴăœĮȘ

}ìÐĨīďÆÐĮĮďåĮĴðĮåřðĊæĮķÆìÆďĊÌðĴðďĊĮșðĊÆăķÌðĊæĮÐÐāðĊæĴìÐ

ĊÐÆÐĮĮīřīÐæķăĴďīřĨĨīďŒăĮșÆďķăÌÌÐăřĴìÐÆďĊĮķĉĉĴðďĊ

ďåĴìÐTÐīæÐīåďīĮðæĊðťÆĊĴĨÐīðďÌďåĴðĉÐďīĨīÐŒÐĊĴðĴåīďĉ

ďÆÆķīīðĊæȘ9ķīĴìÐīșĴìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĴìĴĴìÐÆďĊÌðĴðďĊĮ

ĴďĴìÐÆăďĮðĊæďåĴìÐTÐīæÐīœðăăÅÐĮĴðĮťÐÌďīœðŒÐÌďīĴìĴĴìÐ

TÐīæÐīœðăăÅÐÆďĉĨăÐĴÐÌȘ

AåĴìÐTÐīæÐīðĮĊďĴÆďĉĨăÐĴÐÌðĊĴðĉÐăřĉĊĊÐīďīĴăășďķī

ďĊæďðĊæÅķĮðĊÐĮĮĉřÅÐÌŒÐīĮÐăřååÐÆĴÐÌĮåďăăďœĮȚ

■ œÐĉřÐŘĨÐīðÐĊÆÐĊÐæĴðŒÐīÐÆĴðďĊĮåīďĉĴìÐåðĊĊÆðă

ĉīāÐĴĮșðĊÆăķÌðĊæðĊŒÐĮĴďīĮĊÌīĴðĊææÐĊÆðÐĮșĊÌĴìÐ

ĨīðÆÐďåďķīÆďĉĉďĊĮĴďÆāÆďķăÌÌÐÆăðĊÐĴďĴìÐÐŘĴÐĊĴĴìĴĴìÐ

ÆķīīÐĊĴĉīāÐĴĨīðÆÐīÐŦÐÆĴĮĊĮĮķĉĨĴðďĊĴìĴĴìÐTÐīæÐī

œðăăÅÐÆďĉĨăÐĴÐÌț

■ œÐĉřÐŘĨÐīðÐĊÆÐĊÐæĴðŒÐīÐÆĴðďĊĮåīďĉÆīÐœĉÐĉÅÐīĮș

ÆķĮĴďĉÐīĮșĮķĨĨăðÐīĮďīďĴìÐīĴìðīÌĨīĴðÐĮț

■ œÐĉřÅÐĮķÅþÐÆĴĴďăðĴðæĴðďĊșœìðÆìÆďķăÌīÐĮķăĴðĊĮðæĊðťÆĊĴ

ÆďĮĴĮĊÌÐŘĨÐĊĮÐĮț

■ ĉĊæÐĉÐĊĴȸĮåďÆķĮĉřìŒÐÅÐÐĊÌðŒÐīĴÐÌåīďĉÌřȭĴďȭÌř

ÅķĮðĊÐĮĮďĨÐīĴðďĊĮĊÌĨķīĮķðĊæďĴìÐīďĨĨďīĴķĊðĴðÐĮĴìĴ

ÆďķăÌìŒÐÅÐÐĊÅÐĊÐťÆðăĴďķĮț

■ ðĊÆÐīĴðĊÆðīÆķĉĮĴĊÆÐĮșðåĴìÐTÐīæÐīðĮĊďĴÆďĊĮķĉĉĴÐÌ

åďīĊĴðĴīķĮĴīÐĮďĊĮșLÐĴăķÐœðăăĨřwĨðīðĴīÐŒÐīĮÐÅīÐāȭ

ķĨďåɄǦǟĉðăăðďĊĊÌœðăăĨřĴìÐwĨðīðĴĮĴďÆāìďăÌÐīĮÌðīÐÆĴăř

īÐŒÐīĮÐÅīÐāȭķĨåÐÐďåɄǣǟǟĉðăăðďĊșăÐĮĮĴìÐææīÐæĴÐĉďķĊĴ

ďåĴìÐĨīÐĨřĉÐĊĴďåɄǡȘǤǟĨÐīĮìīÐðĊÆĮìĨðÌåďăăďœðĊæ

wĨðīðĴĮĴďÆāìďăÌÐīĮȸĨĨīďŒăďåĴìÐĴīĊĮÆĴðďĊĊÌĴðÆāðĊæåÐÐ

ďåɄǟȘǠǟĨÐīĉďĊĴìĮĴīĴðĊæðĊLĊķīřǡǟǡǢĴìīďķæìĴìÐÐīăðÐī

ďåĴìÐÌĴÐďåĴìÐÆăďĮðĊæďīĴÐīĉðĊĴðďĊďåĴìÐĴīĊĮÆĴðďĊțĊÌ

■ ďķīÆďĮĴĮďåĨķīĮķðĊæĴìÐTÐīæÐīĉřÅÐìðæìÐīĴìĊĊĴðÆðĨĴÐÌȘ

AåĴìÐTÐīæÐīðĮĊďĴÆďĊĮķĉĉĴÐÌșĴìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĴìĴ

ĴìÐĮÐīðĮāĮœðăăĊďĴĉĴÐīðăðšÐĊÌœðăăĊďĴĉĴÐīðăăřÌŒÐīĮÐăř

ååÐÆĴďķīĮĴďÆāĨīðÆÐșÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮșĊÌ

ťĊĊÆðăÆďĊÌðĴðďĊȘ

26 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TɁǠɁtAwN9}Ztw

}ìÐĨÐĊÌÐĊÆřďåĴìÐTÐīæÐīĉřÆķĮÐ

ÌðĮīķĨĴðďĊðĊďķīÅķĮðĊÐĮĮȘ

}ìÐĨīÐĨīĴðďĊåďīĴìÐTÐīæÐīĊÌĴìÐĮķÅĮÐĪķÐĊĴðĊĴÐæīĴðďĊ

œðĴìwĨðīðĴȸĮÅķĮðĊÐĮĮðĮÐŘĨÐÆĴÐÌĴďĨăÆÐĮðæĊðťÆĊĴÅķīÌÐĊ

ďĊďķīĉĊæÐĉÐĊĴĊÌðĊĴÐīĊăīÐĮďķīÆÐĮȘ}ìÐÌðŒÐīĮðďĊďå

ĉĊæÐĉÐĊĴȸĮĴĴÐĊĴðďĊœřåīďĉÌřȭĴďȭÌřÅķĮðĊÐĮĮÆďĊÆÐīĊĮ

ĊÌĊřÌðŨÆķăĴðÐĮÐĊÆďķĊĴÐīÐÌðĊĴìÐĴīĊĮðĴðďĊĊÌðĊĴÐæīĴðďĊ

ĨīďÆÐĮĮÆďķăÌÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮ

ĊÌťĊĊÆðăÆďĊÌðĴðďĊȘ

ìðăÐĴìÐTÐīæÐīðĮĨÐĊÌðĊæșœÐðĊĴÐĊÌĴďÆďĊĴðĊķÐĴďæīďœďķī

ÅķĮðĊÐĮĮœìðÆìœðăăÐĊĴðăĴìÐÆďĊĴðĊķÐÌìðīðĊæďåÌÌðĴðďĊă

ÆīÐœĉÐĉÅÐīĮșðĊÆăķÌðĊæ ĨðăďĴĮĊÌďĴìÐī ĮāðăăÐÌ œďīāÐīĮș

ĨīÐĮÐĊĴăřðĊĮìďīĴĮķĨĨăřðĊĴìÐðīăðĊÐðĊÌķĮĴīřȘĊřÌðĮīķĨĴðďĊďī

ĨÐīÆÐðŒÐÌķĊÆÐīĴðĊĴřĉřĉāÐðĴĉďīÐÌðŨÆķăĴåďīķĮĴďĉÐÐĴ

ďķīÆīÐœĉÐĉÅÐīīÐĴÐĊĴðďĊĊÌìðīðĊææďăĮœìðÆìÆďķăÌĉĴÐīðăăř

ðĉĨÆĴďķīÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮĊÌťĊĊÆðăÆďĊÌðĴðďĊȘ

}ìÐĨÐĊÌÐĊÆřďåĴìÐTÐīæÐīÆďķăÌÆķĮÐÌðĮīķĨĴðďĊĮĴďďķī

ÅķĮðĊÐĮĮďīÅķĮðĊÐĮĮīÐăĴðďĊĮìðĨĮșœìðÆìÆďķăÌìŒÐĊÌŒÐīĮÐ

ðĉĨÆĴďĊďķīīÐĮķăĴĮďåďĨÐīĴðďĊĮȘqīĴðÐĮœðĴìœìðÆìœÐìŒÐ

ÅķĮðĊÐĮĮīÐăĴðďĊĮìðĨĮșðĊÆăķÌðĊæÆķĮĴďĉÐīĮșÆīÐœĉÐĉÅÐīĮș

ÅķĮðĊÐĮĮĨīĴĊÐīĮďīĮķĨĨăðÐīĮșķĊðďĊĮșĴìðīÌȭĨīĴřĮÐīŒðÆÐ

ĨīďŒðÌÐīĮĊÌĴìðīÌȭĨīĴřÌðĮĴīðÅķĴðďĊÆìĊĊÐăĮșĉřÅÐķĊÆÐīĴðĊ

ĮĴďĴìÐåķĴķīÐďåĮķÆìīÐăĴðďĊĮìðĨĮĊÌĉřÌÐăřďīÌÐåÐī

ÆÐīĴðĊÅķĮðĊÐĮĮÌÐÆðĮðďĊĮșĮÐÐāăĴÐīĊĴðŒÐīÐăĴðďĊĮìðĨĮ

ďīĮÐÐāĴďăĴÐīĴìÐðīĨīÐĮÐĊĴÅķĮðĊÐĮĮīÐăĴðďĊĮìðĨĮœðĴìķĮȘ

qīĴðÐĮœðĴìœìďĉœÐďĴìÐīœðĮÐĉřìŒÐĮďķæìĴĴďÐĮĴÅăðĮì

ÅķĮðĊÐĮĮīÐăĴðďĊĮìðĨĮĉřĮÐÐāăĴÐīĊĴðŒÐīÐăĴðďĊĮìðĨĮœðĴì

ĴìðīÌĨīĴðÐĮȘ

ÐœðăăðĊÆķīĮðæĊðťÆĊĴÆďĮĴĮșÐŘĨÐĊĮÐĮĊÌåÐÐĮåďīĨīďåÐĮĮðďĊă

ĮÐīŒðÆÐĮĊÌďĴìÐīĴīĊĮÆĴðďĊÆďĮĴĮðĊÆďĊĊÐÆĴðďĊœðĴìĴìÐ

TÐīæÐīșœìðÆìœÐÐŘĨÐÆĴĴďÆďĊĴðĊķÐĮœÐĮÐÐāīÐæķăĴďīř

ĊÌďĴìÐīĨĨīďŒăĮĴďÆďĉĨăÐĴÐĴìÐTÐīæÐīȘÐĉřăĮďðĊÆķī

ķĊĊĴðÆðĨĴÐÌÆďĮĴĮðĊÆďĊĊÐÆĴðďĊœðĴìďķīðĊĴÐæīĴðďĊœðĴì

wĨðīðĴȸĮÅķĮðĊÐĮĮȘ}ìÐĮķÅĮĴĊĴðăĉþďīðĴřďåĴìÐĮÐÆďĮĴĮœðăă

ÅÐĊďĊȭīÐÆķīīðĊæÐŘĨÐĊĮÐĮīÐăĴðĊæĴďĴìÐTÐīæÐīșĊÌĉĊřďå

ĴìÐĮÐÆďĮĴĮīÐĨřÅăÐīÐæīÌăÐĮĮďåœìÐĴìÐīďīĊďĴĴìÐTÐīæÐī

ðĮÆďĊĮķĉĉĴÐÌȘķīīÐĊĴĊÌȥďīĨďĴÐĊĴðăåķĴķīÐăðĴðæĴðďĊīÐăĴÐÌ

ĴďĴìÐTÐīæÐīșÆďķăÌăĮďĨīÐŒÐĊĴďīÌÐăřĴìÐÆďĊĮķĉĉĴðďĊďå

ĴìÐTÐīæÐīĊÌīÐĮķăĴðĊĮðæĊðťÆĊĴÆďĮĴĮĊÌÐŘĨÐĊĮÐĮȘ

ZķīðĊÌÐÅĴÐÌĊÐĮĮåďăăďœðĊæÆďĊĮķĉĉĴðďĊ

ďåĴìÐTÐīæÐīœðăăÅÐĮķÅĮĴĊĴðăăřæīÐĴÐī

ĴìĊďķīðĊÌÐÅĴÐÌĊÐĮĮďĊĮĴĊÌȭăďĊÐÅĮðĮ

ĊÌæīÐĴÐīĴìĊĴìÐÆďĉÅðĊÐÌðĊÌÐÅĴÐÌĊÐĮĮ

ďåLÐĴăķÐĊÌwĨðīðĴÐŘðĮĴðĊæĨīðďīĴďĴìÐ

ĊĊďķĊÆÐĉÐĊĴďåĴìÐTÐīæÐīșœìðÆìÆďķăÌ

ÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮåăÐŘðÅðăðĴřșĊÌ

ðĊÆīÐĮÐďķīÅďīīďœðĊæÆďĮĴĮȘ#ďœĊæīÌÐĮðĊ

ďķīÆīÐÌðĴīĴðĊæĮÆďķăÌÌŒÐīĮÐăřååÐÆĴďķī

ÅķĮðĊÐĮĮșÆĮìåăďœĮșåðĊĊÆðăÆďĊÌðĴðďĊĊÌ

ďĨÐīĴðĊæīÐĮķăĴĮȘ

AĊ ďīÌÐī Ĵď ÆďĊĮķĉĉĴÐ ĴìÐ TÐīæÐīș œÐ ÐŘĨÐÆĴĴď ðĊÆķī

ÆĪķðĮðĴðďĊȭīÐăĴÐÌÌÐÅĴťĊĊÆðĊæďåķĨĴďɄǢȘǤÅðăăðďĊĊÌœÐ

œðăăăĮďĮĮķĉÐwĨðīðĴȸĮðĊÌÐÅĴÐÌĊÐĮĮďķĴĮĴĊÌðĊæĴÆăďĮðĊæȘZķī

ĮķÅĮĴĊĴðăăřðĊÆīÐĮÐÌðĊÌÐÅĴÐÌĊÐĮĮåďăăďœðĊæÆďĊĮķĉĉĴðďĊ

ďåĴìÐTÐīæÐīĉřðĉĨÆĴșĉďĊæďĴìÐīĴìðĊæĮșďķīåăÐŘðÅðăðĴř

ĴďīÐĮĨďĊÌĴďÆìĊæðĊæÅķĮðĊÐĮĮĊÌÐÆďĊďĉðÆÆďĊÌðĴðďĊĮȘAĊ

ÌÌðĴðďĊșĴìÐĉďķĊĴďåÆĮìīÐĪķðīÐÌĴďĮÐīŒðÆÐďķīðĊÆīÐĮÐÌ

ðĊÌÐÅĴÐÌĊÐĮĮœðăăÅÐæīÐĴÐīĴìĊĴìÐĉďķĊĴďåÆĮìåăďœĮ

īÐĪķðīÐÌĨīðďīĴďĴìÐTÐīæÐīȘ}ìÐðĊÆīÐĮÐÌðĊÌÐÅĴÐÌĊÐĮĮÆďķăÌ

ăĮďīÐÌķÆÐåķĊÌĮŒðăÅăÐĴďÐĊææÐðĊðĊŒÐĮĴĉÐĊĴĮðĊďķī

ÅķĮðĊÐĮĮÌÐŒÐăďĨĉÐĊĴșÆĨðĴăÐŘĨÐĊÌðĴķīÐĮĊÌďĴìÐīÆĴðŒðĴðÐĮ

ĊÌĉřÆīÐĴÐÆďĉĨÐĴðĴðŒÐÌðĮÌŒĊĴæÐĮåďīķĮīÐăĴðŒÐĴďďĴìÐī

ÆďĉĨĊðÐĮœðĴìăďœÐīÌÐÅĴăÐŒÐăĮȘ

AĊÌÌðĴðďĊșďķīÆīÐÌðĴīĴðĊæĮðĉĨÆĴĴìÐÆďĮĴĊÌŒðăÅðăðĴřďå

ďķīåķĴķīÐÅďīīďœðĊæĮșĊÌșĮīÐĮķăĴșďķīÆďĮĴďåÆĨðĴăȘZķī

īĴðĊæĮīÐŦÐÆĴÐÆìīĴðĊæďīæĊðšĴðďĊȸĮďĨðĊðďĊďåďķīťĊĊÆðă

ĮĴīÐĊæĴìșďĨÐīĴðĊæĨÐīåďīĉĊÆÐĊÌÅðăðĴřĴďĉÐÐĴďķīÌÐÅĴ

ďÅăðæĴðďĊĮďīșåďăăďœðĊæÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșĴìďĮÐ

ďÅăðæĴðďĊĮďåĴìÐÆďĉÅðĊÐÌÆďĉĨĊřȘ'ÆìīĴðĊæĮďīæĊðšĴðďĊ

īÐŒðÐœĮďķīīĴðĊæĮĨÐīðďÌðÆăăřșĊÌĴìÐīÐÆĊÅÐĊďĮĮķīĊÆÐ

ĴìĴďķīÆķīīÐĊĴīĴðĊæĮœðăăÅÐĉðĊĴðĊÐÌðĊĴìÐåķĴķīÐȘ}ìÐīĴðĊæ

æÐĊÆðÐĮìŒÐĨķÅăðĮìÐÌīÐĨďīĴĮœìðÆìðĊÌðÆĴÐĴìĴĊðĊÆīÐĮÐ

ðĊďķīÆďĊĮďăðÌĴÐÌăÐŒÐīæÐåďăăďœðĊæĴìÐÆďĊĮķĉĉĴðďĊďå

ĴìÐTÐīæÐīĉřĊÐæĴðŒÐăřðĉĨÆĴďķīÆīÐÌðĴīĴðĊæĮȘ9ķīĴìÐīș

ðåðĊĴÐīÐĮĴīĴÐĮðĊÆīÐĮÐșŒīðÅăÐīĴÐÌÐÅĴœðăăÆīÐĴÐìðæìÐī

ÌÐÅĴĮÐīŒðÆÐīÐĪķðīÐĉÐĊĴĮșœìðÆìÆďķăÌÌŒÐīĮÐăřååÐÆĴďķī

ÆĮìɁŦďœĮȘ

ÐĉřăĮďÅÐīÐĪķðīÐÌĴďīðĮÐĮķÅĮĴĊĴðăÌÌðĴðďĊăťĊĊÆðĊæ

ĴďåķĊÌœďīāðĊæÆĨðĴășÆĨðĴăÐŘĨÐĊÌðĴķīÐĮșÆĪķðĮðĴðďĊĮďī

ďĴìÐīæÐĊÐīăÆďīĨďīĴÐīÐĪķðīÐĉÐĊĴĮȘZķīÅðăðĴřĴďīīĊæÐ

ÌÌðĴðďĊăťĊĊÆðĊæœðăăÌÐĨÐĊÌďĊșĉďĊæďĴìÐīåÆĴďīĮșďķī

ťĊĊÆðăĨďĮðĴðďĊĊÌĨÐīåďīĉĊÆÐșĮœÐăăĮĨīÐŒðăðĊæĉīāÐĴ

ÆďĊÌðĴðďĊĮĊÌďĴìÐīåÆĴďīĮÅÐřďĊÌďķīÆďĊĴīďăȘÐÆĊĊďĴ

ĮĮķīÐřďķĴìĴœÐœðăăÅÐÅăÐĴďďÅĴðĊÌÌðĴðďĊăťĊĊÆðĊæďĊ

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ăĴìďķæìœÐÐŘĨÐÆĴĴìĴĴìÐTÐīæÐīœðăăīÐĮķăĴ

ðĊĮřĊÐīæðÐĮĊÌďĴìÐīÅÐĊÐåðĴĮĴďķĮșœÐ

ĉřĊďĴīÐăðšÐĴìďĮÐÅÐĊÐåðĴĮĴďĴìÐÐŘĴÐĊĴ

ĨīÐÌðÆĴÐÌÅÐÆķĮÐďåīÐĪķðīÐÌÌðŒÐĮĴðĴķīÐĮș

ÌðååðÆķăĴðÐĮīÐăĴÐÌĴďðĊĴÐæīĴðďĊĊÌĴìÐ

ÆìðÐŒÐĉÐĊĴďåĮķÆìĮřĊÐīæðÐĮĊÌďĴìÐī

ÆìăăÐĊæÐĮȘ

ĊĴðăÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșœÐĊÌwĨðīðĴœðăăďĨÐīĴÐ

ðĊÌÐĨÐĊÌÐĊĴăřș ĊÌ ĴìÐīÐ ÆĊ ÅÐ Ċď ĮĮķīĊÆÐĮĴìĴ ďķī

ÅķĮðĊÐĮĮÐĮÆĊÅÐÆďĉÅðĊÐÌðĊĉĊĊÐīĴìĴăăďœĮåďīĴìÐ

ÆìðÐŒÐĉÐĊĴďåĮķÅĮĴĊĴðăÅÐĊÐťĴĮȘ>ðĮĴďīðÆăăřșĴìÐðĊĴÐæīĴðďĊ

ďåĮÐĨīĴÐðīăðĊÐĮìĮĨīďŒÐĊĴďÅÐĉďīÐĴðĉÐÆďĊĮķĉðĊæș

ÆďĮĴăřĊÌīÐĪķðīÐĉďīÐīÐĮďķīÆÐĮĴìĊðĊðĴðăăřÐŘĨÐÆĴÐÌȘÐ

ÐŘĨÐÆĴœÐœðăăÅÐīÐĪķðīÐÌĴďÌÐŒďĴÐĮðæĊðťÆĊĴĉĊæÐĉÐĊĴ

ĴĴÐĊĴðďĊĊÌťĊĊÆðăĊÌďĴìÐīīÐĮďķīÆÐĮĴďðĊĴÐæīĴðĊæďķī

ĴœďÅķĮðĊÐĮĮĨīÆĴðÆÐĮșÆķăĴķīÐĮșĊÌďĨÐīĴðďĊĮȘAåœÐīÐĊďĴ

ÅăÐĴďĮķÆÆÐĮĮåķăăřðĊĴÐæīĴÐďķīÅķĮðĊÐĮĮœðĴìwĨðīðĴȸĮșĴìÐ

ĊĴðÆðĨĴÐÌÅÐĊÐťĴĮĊÌďĨÐīĴðďĊăĮřĊÐīæðÐĮďåĴìÐTÐīæÐīĉř

ĴāÐăďĊæÐīĴìĊÐŘĨÐÆĴÐÌĴďÅÐīÐăðšÐÌďīĉřĊďĴÅÐīÐăðšÐÌĴ

ăăȘAĊÆďĊĊÐÆĴðďĊœðĴìĴìÐðĊĴÐæīĴðďĊďåďķīÅķĮðĊÐĮĮœðĴìwĨðīðĴȸĮ

ðĊĉĊĊÐīĴìĴĨÐīĉðĴĮķĮĴďÆìðÐŒÐĴìÐĮřĊÐīæðÐĮĊĴðÆðĨĴÐÌ

27JETBLUE AIRWAYS CORPORATION |

2022

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ĴďīÐĮķăĴåīďĉĴìÐTÐīæÐīœÐœðăăĊÐÐÌĴďÌÌīÐĮĮșĉďĊæďĴìÐī

ĴìðĊæĮșĴìÐåďăăďœðĊæðĮĮķÐĮȚ

■ ÆďĉÅðĊðĊæĴìÐÆďĉĨĊðÐĮȸĮÐĨīĴÐďĨÐīĴðďĊășåðĊĊÆðăș

īÐĨďīĴðĊæĊÌðĊĴÐīĊăÆďĊĴīďăåķĊÆĴðďĊĮț

■ ĉðĊĴðĊðĊæÐŘðĮĴðĊæďīĊÐæďĴðĴðĊæĊÐœæīÐÐĉÐĊĴĮœðĴì

ķĊðďĊĮșÆīÐœĉÐĉÅÐīĮșĮķĨĨăðÐīĮșĴìðīÌȭĨīĴřĮÐīŒðÆÐĨīďŒðÌÐīĮ

ĊÌĴìðīÌȭĨīĴřÌðĮĴīðÅķĴðďĊÆìĊĊÐăĮșĊÌŒďðÌðĊæÌÐăřĮðĊ

ÐĊĴÐīðĊæðĊĴďĊÐœæīÐÐĉÐĊĴĮœðĴìĨīďĮĨÐÆĴðŒÐÆīÐœĉÐĉÅÐīĮș

ĮķĨĨăðÐīĮșĴìðīÌȭĨīĴřĮÐīŒðÆÐ ĨīďŒðÌÐīĮĊÌĴìðīÌȭĨīĴř

ÌðĮĴīðÅķĴðďĊÆìĊĊÐăĮț

■ ðĊĴÐæīĴðĊæÆďĉĨăÐŘĮřĮĴÐĉĮĊÌĴÐÆìĊďăďæðÐĮșðĊÆăķÌðĊæ

ðĉĨăÐĉÐĊĴðĊæĊðĊĴÐæīĴÐÌÆķĮĴďĉÐīīÐĮÐīŒĴðďĊĮĮřĮĴÐĉș

ďĨÐīĴðĊæĨīďÆÐÌķīÐĮșīÐæķăĴďīřÆďĉĨăðĊÆÐĨīďæīĉĮș

ðīÆīåĴŦÐÐĴĮșĊÐĴœďīāĮșĊÌďĴìÐīĮĮÐĴĮðĊĉĊĊÐīĴìĴ

ĉðĊðĉðšÐĮĊřÌŒÐīĮÐðĉĨÆĴďĊÆķĮĴďĉÐīĮșĮķĨĨăðÐīĮș

ÆīÐœĉÐĉÅÐīĮĊÌďĴìÐīÆďĊĮĴðĴķÐĊÆðÐĮț

■ ÌÌīÐĮĮðĊæĨďĮĮðÅăÐÌðååÐīÐĊÆÐĮðĊÅķĮðĊÐĮĮÅÆāæīďķĊÌĮș

ÆďīĨďīĴÐÆķăĴķīÐĮșĊÌĉĊæÐĉÐĊĴĨìðăďĮďĨìðÐĮț

■ ðĊĴÐæīĴðĊæĴìÐÅķĮðĊÐĮĮÐĮȸÆďīĨďīĴÐșÌĉðĊðĮĴīĴðŒÐĊÌ

ðĊåďīĉĴðďĊĴÐÆìĊďăďæřðĊåīĮĴīķÆĴķīÐșðĊÆăķÌðĊæÆďďīÌðĊĴðĊæ

æÐďæīĨìðÆăăřÌðĮĨÐīĮÐÌÆďĉĨĊðÐĮț

■ ÌðŒÐīĮðďĊďåĴìÐĴĴÐĊĴðďĊďåĉĊæÐĉÐĊĴĊÌďĴìÐīāÐř

ÆīÐœĉÐĉÅÐīĮț

■ ìīĉďĊðšðĊæ ĴìÐ ÆďĉĨĊðÐĮȸ ÐĉĨăďřÐÐ ÌÐŒÐăďĨĉÐĊĴș

ÆďĉĨÐĊĮĴðďĊĊÌÅÐĊÐåðĴĨīďæīĉĮĊÌīÐăĴÐÌĨďăðÆðÐĮș

ĨīďÆÐÌķīÐĮĊÌĨīÆĴðÆÐĮț

■ ðĊĴÐæīĴðĊæœďīāåďīÆÐĮ ĊÌ ĴĴīÆĴðĊæĊÌīÐĴðĊðĊæāÐř

ĨÐīĮďĊĊÐăœìðăÐĉðĊĴðĊðĊæåďÆķĮďĊĨīďŒðÌðĊæÆďĊĮðĮĴÐĊĴșìðæì

ĪķăðĴřÆķĮĴďĉÐīĮÐīŒðÆÐĊÌīķĊĊðĊæĊÐŨÆðÐĊĴďĨÐīĴðďĊț

■ ðÌÐĊĴðåřðĊæĊÌÐăðĉðĊĴðĊæīÐÌķĊÌĊĴĊÌķĊÌÐīĨÐīåďīĉðĊæ

ďĨÐīĴðďĊĮĊÌĮĮÐĴĮðĊÅďĴìÆďĉĨĊðÐĮț

■ ĉĊæðĊæĴìÐÐŘĨĊÌÐÌďĨÐīĴðďĊĮďåĮðæĊðťÆĊĴăřăīæÐīĊÌ

ĉďīÐÆďĉĨăÐŘÆďĉĨĊřț

■ ÆďďīÌðĊĴðĊæĮăÐĮșÌðĮĴīðÅķĴðďĊĊÌĉīāÐĴðĊæÐååďīĴĮșðĊÆăķÌðĊæ

ĴìÐīÐÅīĊÌðĊæðĊðĴðĴðŒÐĮīÐăĴÐÌĴďĴìÐwĨðīðĴÅķĮðĊÐĮĮț

■ ÐååÐÆĴðĊæĨďĴÐĊĴðăÆĴðďĊĮĴìĴĉřÅÐīÐĪķðīÐÌðĊÆďĊĊÐÆĴðďĊ

œðĴìďÅĴðĊðĊæīÐæķăĴďīřĨĨīďŒăĮțĊÌ

■ īÐĮďăŒðĊæĨďĴÐĊĴðăķĊāĊďœĊăðÅðăðĴðÐĮșÌŒÐīĮÐÆďĊĮÐĪķÐĊÆÐĮ

ĊÌķĊåďīÐĮÐÐĊðĊÆīÐĮÐÌÐŘĨÐĊĮÐĮĮĮďÆðĴÐÌœðĴìĴìÐ

TÐīæÐīȘ

'ŒÐĊðåĴìÐďĨÐīĴðďĊĮďåďķīÅķĮðĊÐĮĮĊÌwĨðīðĴȸĮÅķĮðĊÐĮĮīÐ

ðĊĴÐæīĴÐÌĮķÆÆÐĮĮåķăăřșĴìÐåķăăÐŘĨÐÆĴÐÌÅÐĊÐťĴĮĊÌĮřĊÐīæðÐĮ

ďåĴìÐTÐīæÐīĉřĊďĴÅÐīÐăðšÐÌȘ}ìÐīÐðĮīðĮāĴìĴĴìÐÐŘĨÐÆĴÐÌ

ÅÐĊÐťĴĮĉřĊďĴÅÐÆìðÐŒÐÌœðĴìðĊĴìÐĊĴðÆðĨĴÐÌĴðĉÐåīĉÐ

ďīĴăăȘÌÌðĴðďĊăķĊĊĴðÆðĨĴÐÌÆďĮĴĮșœìðÆìÆďķăÌÅÐĉĴÐīðăș

ĉřăĮďÅÐðĊÆķīīÐÌðĊĴìÐðĊĴÐæīĴðďĊďåďķīÅķĮðĊÐĮĮĊÌwĨðīðĴȸĮ

ÅķĮðĊÐĮĮȘ9ķīĴìÐīșðĴðĮĨďĮĮðÅăÐĴìĴĴìÐīÐÆďķăÌÅÐăďĮĮďåāÐř

LÐĴăķÐďīwĨðīðĴÆīÐœĉÐĉÅÐīĮșăďĮĮďåÆķĮĴďĉÐīĮșÌðĮīķĨĴðďĊďå

ÐðĴìÐīďīÅďĴìďåďķīďīwĨðīðĴȸĮďĊæďðĊæÅķĮðĊÐĮĮÐĮďīķĊÐŘĨÐÆĴÐÌ

ðĮĮķÐĮșìðæìÐīĴìĊÐŘĨÐÆĴÐÌÆďĮĴĮĊÌĊďŒÐīăăĨďĮĴȭÆďĉĨăÐĴðďĊ

ĨīďÆÐĮĮĴìĴĴāÐĮăďĊæÐīĴìĊďīðæðĊăăřĊĴðÆðĨĴÐÌȘÌÌðĴðďĊăăřș

ĴìÐåķăăÅÐĊÐťĴĮďåĴìÐTÐīæÐīĉřĊďĴÅÐīÐăðšÐÌðåĴìÐÆďĉÅðĊÐÌ

ÅķĮðĊÐĮĮÌďÐĮĊďĴĨÐīåďīĉĮÐŘĨÐÆĴÐÌďīÌÐĉĊÌåďīĴìÐ

ÆďĉÅðĊÐÌÆďĉĨĊřȸĮĮÐīŒðÆÐĮÌďÐĮĊďĴĉÐÐĴďķīÐŘĨÐÆĴĴðďĊĮȘ

}ìÐīðĮāĮÆķīīÐĊĴăřåÆðĊæÐÆìďåďķīĊÌwĨðīðĴȸĮÅķĮðĊÐĮĮĊÌ

ĴìÐðīăðĊÐðĊÌķĮĴīřșðĊÆăķÌðĊæĴìÐďĊæďðĊæðĉĨÆĴďåĴìÐZA#ȭǠǨ

ĨĊÌÐĉðÆĊÌĊřĨďĮĮðÅăÐīÐĮķīæÐĊÆÐðĊðĊåÐÆĴðďĊīĴÐĮĊÌĴìÐ

ðĉĨÆĴďĊðīăðĊÐĴīŒÐășœðăăăĮďĨīÐĮÐĊĴÌÌðĴðďĊăÆìăăÐĊæÐĮåďī

ķĮĴďĮķÆÆÐĮĮåķăăřðĊĴÐæīĴÐďķīĴœďÆďĉĨĊðÐĮȘ

ÐĨăĊĴďĮķÅĉðĴĴďĴìÐ9ĴīĊĮðĴðďĊĨăĊåďīĉÐīæðĊæĴìÐÌřȭ

ĴďȭÌřďĨÐīĴðďĊĮďåLÐĴăķÐĊÌwĨðīðĴķĊÌÐīĮðĊæăÐďĨÐīĴðĊæ

ÆÐīĴðťÆĴÐȘ}ìÐðĮĮķĊÆÐďåĮðĊæăÐďĨÐīĴðĊæÆÐīĴðťÆĴÐœðăă

ďÆÆķīœìÐĊĴìÐ9æīÐÐĮĴìĴœÐìŒÐÆìðÐŒÐÌăÐŒÐăďå

ðĊĴÐæīĴðďĊĴìĴÆĊÅÐĮåÐăřĉĊæÐÌķĊÌÐīďĊÐÆÐīĴðťÆĴÐȘ}ìÐ

ÆĴķăĴðĉÐīÐĪķðīÐÌĊÌÆďĮĴðĊÆķīīÐÌĴďīÐÆÐðŒÐĴìðĮĨĨīďŒă

ÆĊĊďĴÅÐĨīÐÌðÆĴÐÌĊÌĊďÆĴķăðĊĴÐæīĴðďĊĉřĮĴīĴķĊĴðăåĴÐī

ÆăďĮðĊæȘĊřÌÐăřðĊĴìÐæīĊĴďåĮķÆìĨĨīďŒăďīðĊÆīÐĮÐðĊÆďĮĴĮ

ÅÐřďĊÌĴìďĮÐĨīÐĮÐĊĴăřÐŘĨÐÆĴÐÌÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐ

ÐååÐÆĴďĊĴìÐÆďĉĨăÐĴðďĊÌĴÐďåďķīðĊĴÐæīĴðďĊĨăĊĊÌīÐÆÐðĨĴ

ďåĴìÐÅÐĊÐťĴĮÐŘĨÐÆĴÐÌåīďĉĴìĴĨăĊȘÐåÆÐÆìăăÐĊæÐĮðĊ

ðĊĴÐæīĴðĊæďķīÆďĉĨķĴÐīșÆďĉĉķĊðÆĴðďĊĮĊÌďĴìÐīĴÐÆìĊďăďæř

ĮřĮĴÐĉĮȘăăďåĴìÐĮÐåÆĴďīĮÆďķăÌĉĴÐīðăăřÌŒÐīĮÐăřååÐÆĴďķī

ÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮĊÌťĊĊÆðăÆďĊÌðĴðďĊȘ

ÐĉřåÆÐÆìăăÐĊæÐĮðĊðĊĴÐæīĴðĊæ

ďķīÆďĉĨķĴÐīșÆďĉĉķĊðÆĴðďĊĮĊÌďĴìÐī

ĴÐÆìĊďăďæřĮřĮĴÐĉĮȘ

ĉďĊæĴìÐĨīðĊÆðĨăīðĮāĮďåðĊĴÐæīĴðĊæďķīĊÌwĨðīðĴȸĮÅķĮðĊÐĮĮÐĮ

ĊÌďĨÐīĴðďĊĮīÐĴìÐīðĮāĮīÐăĴðĊæĴďðĊĴÐæīĴðĊæŒīðďķĮ

ÆďĉĨķĴÐīșÆďĉĉķĊðÆĴðďĊĮĊÌďĴìÐīĴÐÆìĊďăďæřĮřĮĴÐĉĮș

ðĊÆăķÌðĊæðĉĨăÐĉÐĊĴðĊæĊðĊĴÐæīĴÐÌÆķĮĴďĉÐīīÐĮÐīŒĴðďĊĮ

ĮřĮĴÐĉșĴìĴœðăăÅÐĊÐÆÐĮĮīřĴďďĨÐīĴÐLÐĴăķÐĊÌwĨðīðĴĮ

ĮðĊæăÐðīăðĊÐȘ}ìÐðĊĴÐæīĴðďĊďåĴìÐĮÐĮřĮĴÐĉĮĉřÅÐĉďīÐ

ÌðĮīķĨĴðŒÐĊÌÆďĮĴĉďīÐĴìĊœÐĉřďīðæðĊăăřÐĮĴðĉĴÐȘ}ìÐ

ðĉĨăÐĉÐĊĴĴðďĊĨīďÆÐĮĮĴďðĊĴÐæīĴÐĴìÐĮÐŒīðďķĮĮřĮĴÐĉĮ

œðăăðĊŒďăŒÐĊķĉÅÐīďåīðĮāĮĴìĴÆďķăÌÌŒÐīĮÐăřðĉĨÆĴďķī

ÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮĊÌåðĊĊÆðăÆďĊÌðĴðďĊȘ}ìÐ

īÐăĴÐÌðĉĨăÐĉÐĊĴĴðďĊœðăăÅÐÆďĉĨăÐŘĊÌĴðĉÐȭÆďĊĮķĉðĊæ

ĨīďþÐÆĴðĊŒďăŒðĊæðĊĴÐīĊăīÐĮďķīÆÐĮșĮķÅĮĴĊĴðăÐŘĨÐĊÌðĴķīÐĮ

åďīðĉĨăÐĉÐĊĴĴðďĊÆďĊĮķăĴĊĴĮșĮřĮĴÐĉìīÌœīÐșĮďåĴœīÐ

ĊÌðĉĨăÐĉÐĊĴĴðďĊÆĴðŒðĴðÐĮșĮœÐăăĮĴìÐĴīĊĮåďīĉĴðďĊďå

ÅķĮðĊÐĮĮĊÌťĊĊÆðăĨīďÆÐĮĮÐĮȘ

ĮœðĴìĊř ăīæÐĨīďþÐÆĴș ĴìÐīÐœðăăÅÐĉĊřåÆĴďīĮĴìĴ

ĉřĉĴÐīðăăřååÐÆĴĴìÐĮÆìÐÌķăÐșÆďĮĴĊÌÐŘÐÆķĴðďĊ ďå

ĴìÐðĊĴÐæīĴðďĊďåďķīÆďĉĨķĴÐīșÆďĉĉķĊðÆĴðďĊĮĊÌďĴìÐī

ĴÐÆìĊďăďæřĮřĮĴÐĉĮȘ}ìÐĮÐåÆĴďīĮÆďķăÌðĊÆăķÌÐșĉďĊæďĴìÐīĮȚ

ĨīďÅăÐĉĮÌķīðĊæĴìÐÌÐĮðæĊșðĉĨăÐĉÐĊĴĴðďĊĊÌĴÐĮĴðĊæĨìĮÐĮț

ĮřĮĴÐĉĮÌÐăřĮĊÌȥďīĉăåķĊÆĴðďĊĮțĴìÐīðĮāĴìĴĮķĨĨăðÐīĮĊÌ

ÆďĊĴīÆĴďīĮœðăăĊďĴĨÐīåďīĉĮīÐĪķðīÐÌķĊÌÐīĴìÐðīÆďĊĴīÆĴĮț

ĴìÐÌðŒÐīĮðďĊďåĉĊæÐĉÐĊĴĴĴÐĊĴðďĊåīďĉÌðăřďĨÐīĴðďĊĮĴď

ĴìÐĨīďþÐÆĴțīÐœďīāĮÌķÐĴďķĊĊĴðÆðĨĴÐÌÆìĊæÐĮðĊÅķĮðĊÐĮĮ

ĨīďÆÐĮĮÐĮțÆìăăÐĊæÐĮðĊĮðĉķăĴĊÐďķĮăřÆĴðŒĴðĊæĊÐœĮřĮĴÐĉĮ

ĴìīďķæìďķĴďķīĊÐĴœďīāțĴīðĊðĊæÆīÐœĉÐĉÅÐīĮðĊĴìÐďĨÐīĴðďĊĮ

ďåĊÐœĮřĮĴÐĉĮțĴìÐīðĮāďåĮÐÆķīðĴřÅīÐÆìďīÌðĮīķĨĴðďĊțĊÌ

ďĴìÐīķĊÐŘĨÐÆĴÐÌÐŒÐĊĴĮÅÐřďĊÌďķīÆďĊĴīďăȘÐÆĊĊďĴĮĮķīÐ

řďķĴìĴďķīĊÌwĨðīðĴȸĮĮÐÆķīðĴřĉÐĮķīÐĮșÆìĊæÐÆďĊĴīďă

ĨīďÆÐÌķīÐĮďīÌðĮĮĴÐīīÐÆďŒÐīřĨăĊĮœðăăÅÐÌÐĪķĴÐĴďĨīÐŒÐĊĴ

ÌðĮīķĨĴðďĊĮďīÌÐăřĮȘ#ðĮīķĨĴðďĊĮðĊďīÆìĊæÐĮĴďĴìÐĮÐĮřĮĴÐĉĮ

ÆďķăÌīÐĮķăĴðĊÌðĮīķĨĴðďĊĴďďķīÅķĮðĊÐĮĮĊÌďķīďĨÐīĴðďĊĮĊÌ

ĴìÐăďĮĮďåðĉĨďīĴĊĴÌĴȘĊřďåĴìÐåďīÐæďðĊæÆďķăÌīÐĮķăĴðĊ

ĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊďķīÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮ

ĊÌťĊĊÆðăÆďĊÌðĴðďĊȘ

28 JETBLUE AIRWAYS CORPORATION |

2022

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}ìÐÆďĉÅðĊÐÌÆďĉĨĊřðĮÐŘĨÐÆĴÐÌĴďðĊÆķī

ĮķÅĮĴĊĴðăÐŘĨÐĊĮÐĮīÐăĴÐÌĴďĴìÐTÐīæÐīĊÌ

ĴìÐðĊĴÐæīĴðďĊďåLÐĴăķÐĊÌwĨðīðĴȘ

}ìÐÆďĉÅðĊÐÌÆďĉĨĊřðĮÐŘĨÐÆĴÐÌĴďðĊÆķīĮķÅĮĴĊĴðăÐŘĨÐĊĮÐĮ

ðĊÆďĊĊÐÆĴðďĊœðĴìĴìÐTÐīæÐīĊÌĴìÐðĊĴÐæīĴðďĊďåLÐĴăķÐ

ĊÌwĨðīðĴȘ}ìÐīÐīÐăīæÐĊķĉÅÐīďåĨīďÆÐĮĮÐĮșĨďăðÆðÐĮș

ĨīďÆÐÌķīÐĮșďĨÐīĴðďĊĮșĴÐÆìĊďăďæðÐĮĊÌĮřĮĴÐĉĮĴìĴĉķĮĴÅÐ

ðĊĴÐæīĴÐÌșðĊÆăķÌðĊæĨķīÆìĮðĊæșÆÆďķĊĴðĊæĊÌťĊĊÆÐșĮăÐĮș

ĨřīďăășĨīðÆðĊæșīÐŒÐĊķÐĉĊæÐĉÐĊĴșīÐĮÐīŒĴðďĊĮșĉðĊĴÐĊĊÆÐș

ŦðæìĴďĨÐīĴðďĊĮșĉīāÐĴðĊæĊÌÅÐĊÐťĴĮȘìðăÐœÐĊÌwĨðīðĴ

ìŒÐĮĮķĉÐÌĴìĴÆÐīĴðĊăÐŒÐăďåÐŘĨÐĊĮÐĮœďķăÌÅÐðĊÆķīīÐÌș

ĴìÐīÐīÐĉĊřåÆĴďīĮÅÐřďĊÌďķīÆďĊĴīďăĴìĴÆďķăÌååÐÆĴĴìÐ

ĴďĴăĉďķĊĴďīĴìÐĴðĉðĊæďåðĊĴÐæīĴðďĊÐŘĨÐĊĮÐĮȘTďīÐďŒÐīș

ĉĊřďåĴìÐÐŘĨÐĊĮÐĮĴìĴœðăăÅÐðĊÆķīīÐÌīÐșÅřĴìÐðīĊĴķīÐș

ÌðŨÆķăĴĴďÐĮĴðĉĴÐÆÆķīĴÐăřȘ}ìÐĮÐðĊĴÐæīĴðďĊÐŘĨÐĊĮÐĮăðāÐăř

œðăăīÐĮķăĴðĊĴìÐÆďĉÅðĊÐÌÆďĉĨĊřĴāðĊæĮðæĊðťÆĊĴÆìīæÐĮ

æðĊĮĴÐīĊðĊæĮåďăăďœðĊæĴìÐÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșĊÌ

ĴìÐĉďķĊĴĊÌĴðĉðĊæďåĮķÆìÆìīæÐĮīÐķĊÆÐīĴðĊĴĨīÐĮÐĊĴȘ

ĊÆÐīĴðĊĴðÐĮĮĮďÆðĴÐÌœðĴìĴìÐTÐīæÐīĉř

ÆķĮÐăďĮĮďåĉĊæÐĉÐĊĴĨÐīĮďĊĊÐăĊÌ

ďĴìÐīāÐřÐĉĨăďřÐÐĮœìðÆìÆďķăÌÌŒÐīĮÐăř

ååÐÆĴĴìÐåķĴķīÐÅķĮðĊÐĮĮĊÌďĨÐīĴðďĊĮďå

ĴìÐÆďĉÅðĊÐÌÆďĉĨĊřȘ

ÐĊÌwĨðīðĴīÐÌÐĨÐĊÌÐĊĴďĊĴìÐÐŘĨÐīðÐĊÆÐĊÌðĊÌķĮĴīř

āĊďœăÐÌæÐďåďķīīÐĮĨÐÆĴðŒÐďŨÆÐīĮĊÌďĴìÐīāÐřĨÐīĮďĊĊÐăĴď

ÐŘÐÆķĴÐďķīīÐĮĨÐÆĴðŒÐÅķĮðĊÐĮĮĨăĊĮȘ}ìÐÆďĉÅðĊÐÌÆďĉĨĊřȸĮ

ĮķÆÆÐĮĮåĴÐīĴìÐTÐīæÐīœðăăÌÐĨÐĊÌðĊĨīĴķĨďĊĴìÐÅðăðĴřďå

ďķīĊÌwĨðīðĴĴďīÐĴðĊāÐřĉĊæÐĉÐĊĴĨÐīĮďĊĊÐăĊÌďĴìÐī

āÐřÐĉĨăďřÐÐĮȘķīīÐĊĴĊÌĨīďĮĨÐÆĴðŒÐÐĉĨăďřÐÐĮďåLÐĴăķÐ

ĊÌwĨðīðĴĉřÐŘĨÐīðÐĊÆÐķĊÆÐīĴðĊĴřÅďķĴĴìÐðīīďăÐĮœðĴìðĊ

ĴìÐÆďĉÅðĊÐÌÆďĉĨĊřåďăăďœðĊæĴìÐTÐīæÐīșœìðÆìĉřðĉĨðī

ĴìÐÅðăðĴřďåÅďĴìÐĊĴðĴðÐĮĴďĴĴīÆĴșīÐĴðĊĊÌĉďĴðŒĴÐāÐř

ĉĊæÐĉÐĊĴĊÌďĴìÐīāÐřĨÐīĮďĊĊÐăȘ'ĉĨăďřÐÐīÐĴÐĊĴðďĊĉř

ÅÐĨīĴðÆķăīăřÆìăăÐĊæðĊæÌķīðĊæĴìÐĨÐĊÌÐĊÆřďåĴìÐTÐīæÐīș

ĮÐĉĨăďřÐÐĮďåLÐĴăķÐĊÌwĨðīðĴĉřÐŘĨÐīðÐĊÆÐķĊÆÐīĴðĊĴř

ÅďķĴĴìÐðīåķĴķīÐīďăÐĮðĊĴìÐÆďĉÅðĊÐÌÅķĮðĊÐĮĮȘ

īðďķĮwĨðīðĴďååðÆÐīĮĊÌÐĉĨăďřÐÐĮìďăÌwĨðīðĴÆďĉĉďĊ

ĮìīÐĮșwĨðīðĴīÐĮĴīðÆĴÐÌĮĴďÆāķĊðĴĮȧȵwĨðīðĴtwĮȶȨĊÌwĨðīðĴ

ĨÐīåďīĉĊÆÐĮĴďÆāķĊðĴĮȧȵwĨðīðĴqwĮȶȨșĮďĉÐďåœìðÆìīÐĮķÅþÐÆĴ

ĴďÆÆÐăÐīĴÐÌŒÐĮĴðĊæķĨďĊÆìĊæÐðĊÆďĊĴīďășĊÌșðåĴìÐTÐīæÐī

ðĮÆďĉĨăÐĴÐÌșĴìÐĮÐďŨÆÐīĮĊÌÐĉĨăďřÐÐĮĉřÅÐÐĊĴðĴăÐÌĴď

ĴìÐÆĮìÆďĊĮðÌÐīĴðďĊĨřÅăÐķĊÌÐīĴìÐTÐīæÐīæīÐÐĉÐĊĴðĊ

īÐĮĨÐÆĴďåĮķÆìwĨðīðĴÆďĉĉďĊĮìīÐĮșwĨðīðĴtwĮĊÌwĨðīðĴ

qwĮȘ}ìÐĮÐĨřďķĴĮÆďķăÌăĮďĉāÐīÐĴÐĊĴðďĊďåĴìÐĮÐďŨÆÐīĮ

ĊÌÐĉĨăďřÐÐĮåďăăďœðĊæĴìÐÆăďĮðĊæĉďīÐÌðŨÆķăĴȘÌÌðĴðďĊăăřș

ĨķīĮķĊĴĴďÐĉĨăďřĉÐĊĴæīÐÐĉÐĊĴĮĊÌȥďīďĴìÐīæīÐÐĉÐĊĴĮ

ďīīīĊæÐĉÐĊĴĮœðĴìwĨðīðĴșÆÐīĴðĊāÐřÐĉĨăďřÐÐĮďåwĨðīðĴ

īÐÐĊĴðĴăÐÌĴďīÐÆÐðŒÐĮÐŒÐīĊÆÐĨřĉÐĊĴĮķĨďĊĴÐīĉðĊĴðďĊ

œðĴìďķĴÆķĮÐĊÌȥďīīÐĮðæĊĴðďĊåďīȵæďďÌīÐĮďĊȶåďăăďœðĊæ

ÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīȘĊÌÐīĴìÐĮÐæīÐÐĉÐĊĴĮșÆÐīĴðĊ

āÐřÐĉĨăďřÐÐĮďåwĨðīðĴÆďķăÌīÐĮðæĊåīďĉÐĉĨăďřĉÐĊĴåďăăďœðĊæ

ĮĨÐÆðťÐÌÆðīÆķĉĮĴĊÆÐĮĮÐĴåďīĴìðĊĴìÐĨĨăðÆÅăÐæīÐÐĉÐĊĴș

ðĊÆăķÌðĊæĊÌŒÐīĮÐÆìĊæÐðĊĴðĴăÐșķĴìďīðĴřďīīÐĮĨďĊĮðÅðăðĴðÐĮș

ÆďĉĨÐĊĮĴðďĊĊÌÅÐĊÐťĴĮďīĨīðĉīřďŨÆÐăďÆĴðďĊșĊÌīÐÆÐðŒÐ

ĮðæĊðťÆĊĴĮÐŒÐīĊÆÐĨřĉÐĊĴĮȘ

9ķīĴìÐīĉďīÐșðåāÐřÐĉĨăďřÐÐĮďåLÐĴăķÐďīwĨðīðĴÌÐĨīĴďīīÐ

ĴīðĮāďåÌÐĨīĴðĊæșœÐĉřìŒÐĴďðĊÆķīĮðæĊðťÆĊĴÆďĮĴĮȧðĊ

ÌÌðĴðďĊĴďĴìÐīÐĴÐĊĴðďĊĨīďæīĉĴďÅÐðĉĨăÐĉÐĊĴÐÌÅřwĨðīðĴ

ðĊÆďĊĊÐÆĴðďĊœðĴìĴìÐTÐīæÐīæīÐÐĉÐĊĴȨðĊīÐĴðĊðĊæĮķÆì

ðĊÌðŒðÌķăĮďīðĊðÌÐĊĴðåřðĊæșìðīðĊæĊÌīÐĴðĊðĊæīÐĨăÆÐĉÐĊĴĮ

ĊÌĉřăďĮÐĮðæĊðťÆĊĴÐŘĨÐīĴðĮÐĊÌĴăÐĊĴșĊÌďķīÅðăðĴřĴď

īÐăðšÐĴìÐĊĴðÆðĨĴÐÌÅÐĊÐťĴĮďåĴìÐTÐīæÐīĉřÅÐĉĴÐīðăăř

ĊÌÌŒÐīĮÐăřååÐÆĴÐÌȘÆÆďīÌðĊæăřșĊďĮĮķīĊÆÐÆĊÅÐæðŒÐĊ

ĴìĴĴìÐÆďĉÅðĊÐÌÆďĉĨĊřœðăăÅÐÅăÐĴďĴĴīÆĴďīīÐĴðĊāÐř

ĉĊæÐĉÐĊĴĨÐīĮďĊĊÐăĊÌďĴìÐīāÐřĨÐīĮďĊĊÐăďåLÐĴăķÐĊÌ

wĨðīðĴĴďĴìÐĮĉÐÐŘĴÐĊĴĴìĴLÐĴăķÐĊÌwĨðīðĴìŒÐĨīÐŒðďķĮăř

ÅÐÐĊÅăÐĴďĴĴīÆĴďīīÐĴðĊĴìÐðīďœĊÐĉĨăďřÐÐĮȘ

}ìÐåķĴķīÐīÐĮķăĴĮďåĴìÐÆďĉÅðĊÐÌÆďĉĨĊř

œðăăĮķååÐīðåĴìÐÆďĉÅðĊÐÌÆďĉĨĊřÌďÐĮĊďĴ

ÐååÐÆĴðŒÐăřĉĊæÐðĴĮÐŘĨĊÌÐÌďĨÐīĴðďĊĮ

åďăăďœðĊæĴìÐTÐīæÐīȘ

9ďăăďœðĊæĴìÐTÐīæÐīșĴìÐĮðšÐďåĴìÐÅķĮðĊÐĮĮďåĴìÐÆďĉÅðĊÐÌ

ÆďĉĨĊřœðăăðĊÆīÐĮÐĮðæĊðåðÆĊĴăřÅÐřďĊÌĴìÐÆķīīÐĊĴĮðšÐ

ďåÐðĴìÐīďķīďīwĨðīðĴȸĮÅķĮðĊÐĮĮȘ}ìÐÆďĉÅðĊÐÌÆďĉĨĊřȸĮ

åķĴķīÐĮķÆÆÐĮĮÌÐĨÐĊÌĮșðĊĨīĴșķĨďĊðĴĮÅðăðĴřĴďĉĊæÐĴìðĮ

ÐŘĨĊÌÐÌÅķĮðĊÐĮĮșœìðÆìœðăăĨďĮÐÆìăăÐĊæÐĮåďīĉĊæÐĉÐĊĴș

ðĊÆăķÌðĊæĴìďĮÐīÐăĴÐÌĴďĴìÐĉĊæÐĉÐĊĴĊÌĉďĊðĴďīðĊæďå

ĊÐœďĨÐīĴðďĊĮĊÌĮĮďÆðĴÐÌðĊÆīÐĮÐÌÆďĮĴĮĊÌÆďĉĨăÐŘðĴřȘ

}ìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĮĴìĴĴìÐÆďĉÅðĊÐÌÆďĉĨĊřœðăăÅÐ

ĮķÆÆÐĮĮåķăďīĴìĴðĴœðăăīÐăðšÐĴìÐÐŘĨÐÆĴÐÌĮřĊÐīæðÐĮșďĨÐīĴðĊæ

ÐååðÆðÐĊÆðÐĮșÆďĮĴĮŒðĊæĮșīÐŒÐĊķÐÐĊìĊÆÐĉÐĊĴĮĊÌďĴìÐī

ÅÐĊÐťĴĮÆķīīÐĊĴăřĊĴðÆðĨĴÐÌåīďĉĴìÐTÐīæÐīȘ

9ďăăďœðĊæÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșœÐœðăă

ÅÐÅďķĊÌÅřăăďåĴìÐďÅăðæĴðďĊĮĊÌăðÅðăðĴðÐĮ

ďåÅďĴìÆďĉĨĊðÐĮȘ

9ďăăďœðĊæÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșœÐœðăăÅÐÆďĉÐÅďķĊÌÅř

ăăďåĴìÐďÅăðæĴðďĊĮĊÌăðÅðăðĴðÐĮďåLÐĴăķÐĊÌwĨðīðĴȘUÐðĴìÐī

œÐĊďīwĨðīðĴÆĊĨīÐÌðÆĴĴìÐťĊĊÆðăÆďĊÌðĴðďĊďåLÐĴăķÐďī

wĨðīðĴĴĴìÐĴðĉÐďåĴìĴÆďĉÅðĊĴðďĊďīďķīÅðăðĴřĴďĮĴðĮåřĴìÐ

ďÅăðæĴðďĊĮĊÌăðÅðăðĴðÐĮďåĴìÐÆďĉÅðĊÐÌÆďĉĨĊřȘ

}ìÐĊÐÐÌĴďðĊĴÐæīĴÐĴìÐLÐĴăķÐĊÌwĨðīðĴ

œďīāåďīÆÐĮåďăăďœðĊæĴìÐTÐīæÐīĊÌĊÐæďĴðĴÐ

þďðĊĴăÅďīæīÐÐĉÐĊĴĮĨīÐĮÐĊĴĮĴìÐĨďĴÐĊĴðă

åďīÌÐăřðĊÆìðÐŒðĊæÐŘĨÐÆĴÐÌĮřĊÐīæðÐĮș

ðĊÆīÐĮÐÌăÅďīÆďĮĴĮďīăÅďīÌðĮĨķĴÐĮ

ĴìĴÆďķăÌÌŒÐīĮÐăřååÐÆĴĴìÐÆďĉÅðĊÐÌ

ÆďĉĨĊřȸĮďĨÐīĴðďĊĮȘ

}ìÐĮķÆÆÐĮĮåķăðĊĴÐæīĴðďĊďåLÐĴăķÐĊÌwĨðīðĴĊÌÆìðÐŒÐĉÐĊĴ

ďåĴìÐĊĴðÆðĨĴÐÌÅÐĊÐťĴĮďåĴìÐÆďĉÅðĊĴðďĊÌÐĨÐĊÌĮðæĊðťÆĊĴăř

ďĊðĊĴÐæīĴðĊæÐĉĨăďřÐÐæīďķĨĮĊÌďĊĉðĊĴðĊðĊæĨīďÌķÆĴðŒÐ

ÐĉĨăďřÐÐīÐăĴðďĊĮȘ9ðăķīÐĴďÌďĮďĨīÐĮÐĊĴĮĴìÐĨďĴÐĊĴðăåďī

ÌÐăřĮðĊÆìðÐŒðĊæÐŘĨÐÆĴÐÌĮřĊÐīæðÐĮďåðĊĴÐæīĴðďĊșðĊÆīÐĮÐÌ

ăÅďīÆďĮĴĮĊÌăÅďīÌðĮĨķĴÐĮĴìĴÆďķăÌÌŒÐīĮÐăřååÐÆĴĴìÐ

ÆďĉÅðĊÐÌÆďĉĨĊřȸĮďĨÐīĴðďĊĮȘ

wĨðīðĴðĮìðæìăřķĊðďĊðšÐÌÆďĉĨĊřțLÐĴăķÐȸĮĴœďķĊðďĊðšÐÌ

æīďķĨĮīÐðĴĮĨðăďĴĮĊÌðĊŦðæìĴÆīÐœĉÐĉÅÐīĮȘ}ìÐĨīďÆÐĮĮåďī

29JETBLUE AIRWAYS CORPORATION |

2022

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ÆďĉÅðĊĴðďĊďåĴìÐĊðĴÐÌwĴĴÐĮtðăœřOÅďīÆĴȧȵtOȶȨșĴìÐ

TÆĮāðăăȭďĊÌÆĴșĊÌœìÐīÐĨĨăðÆÅăÐșĴìÐÐŘðĮĴðĊæĨīďŒðĮðďĊĮ

ďåÐÆìÆďĉĨĊřȸĮÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴĮșĊÌĴď

ÆÐīĴðĊÐŘĴÐĊĴșķĊðďĊĨďăðÆřīÐăĴÐÌĴďĮÐĊðďīðĴřðĊĴÐæīĴðďĊȘ

qÐĊÌðĊæďĨÐīĴðďĊăðĊĴÐæīĴðďĊșðĴðĮæÐĊÐīăăřĊÐÆÐĮĮīřĴď

ĉðĊĴðĊȵåÐĊÆÐȶÅÐĴœÐÐĊÐĉĨăďřÐÐæīďķĨĮșÌķīðĊæœìðÆì

ĴðĉÐĴìÐÆďĉÅðĊÐÌÆďĉĨĊřœðăăāÐÐĨĴìÐÐĉĨăďřÐÐæīďķĨĮ

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æīÐÐĉÐĊĴĮșķĊăÐĮĮďĴìÐīĴÐīĉĮìŒÐÅÐÐĊĊÐæďĴðĴÐÌȘ

ĊÌÐīĴìÐtOșĴìÐ UĴðďĊă TÐÌðĴðďĊďīÌ ȧȵUTȶȨìĮ

ÐŘÆăķĮðŒÐķĴìďīðĴřĴďīÐĮďăŒÐīÐĨīÐĮÐĊĴĴðďĊÌðĮĨķĴÐĮīðĮðĊæ

ďķĴďåðīăðĊÐĉÐīæÐīĮȘ}ìÐÌðĮĨķĴÐĮĴìĴĴìÐUTìĮķĴìďīðĴř

ĴďīÐĮďăŒÐðĊÆăķÌÐȧðȨœìÐĴìÐīĴìÐĉÐīæÐīìĮÆīÐĴÐÌȵĮðĊæăÐ

ÆīīðÐīȶåďīīÐĨīÐĮÐĊĴĴðďĊĨķīĨďĮÐĮțȧððȨÌÐĮðæĊĴðďĊďåĴìÐ

ĨĨīďĨīðĴÐȵÆīåĴďīÆăĮĮȶȰĴìÐtOĴÐīĉåďīȵÅīæðĊðĊæķĊðĴȶȰ

åďīÅīæðĊðĊæĴĴìÐÆďĉÅðĊÐÌÆďĉĨĊřďĊĮřĮĴÐĉœðÌÐÅĮðĮș

ĊðĮĮķÐœìðÆìĴřĨðÆăăřīðĮÐĮåīďĉĉðĊďīðĊÆďĊĮðĮĴÐĊÆðÐĮďŒÐī

œìðÆìĨďĮðĴðďĊĮīÐðĊÆăķÌÐÌœðĴìðĊĨīĴðÆķăīÆīåĴďīÆăĮĮĴ

ĴìÐĴœďÆďĉĨĊðÐĮțĊÌȧðððȨÌÐĮðæĊĴðďĊďåĴìÐīÐĨīÐĮÐĊĴĴðŒÐďå

ÐÆìÆīåĴďīÆăĮĮĴĴìÐÆďĉÅðĊÐÌÆďĉĨĊřȘ

AĊďīÌÐīĴďåķăăřðĊĴÐæīĴÐĴìÐĨīÐȭĉÐīæÐīīÐĨīÐĮÐĊĴÐÌÐĉĨăďřÐÐ

æīďķĨĮșĴìÐÆďĉÅðĊÐÌÆďĉĨĊřĉķĮĴĊÐæďĴðĴÐþďðĊĴÆďăăÐÆĴðŒÐ

ÅīæðĊðĊææīÐÐĉÐĊĴÆďŒÐīðĊæÐÆìÆďĉÅðĊÐÌæīďķĨȘ}ìÐĮÐ

ĊÐæďĴðĴðďĊĮÆĊÅÐæðĊðĉĉÐÌðĴÐăřœìÐīÐĴìÐĮĉÐķĊðďĊ

īÐĨīÐĮÐĊĴĮÐĉĨăďřÐÐĮďåÅďĴìÆďĉĨĊðÐĮœðĴìðĊĴìÐÆīåĴďīÆăĮĮ

ðĊĪķÐĮĴðďĊșÅķĴďĴìÐīœðĮÐœðăăăðāÐăřÅÐæðĊåĴÐīĮðĊæăÐĨďĮĴȭ

ĉÐīæÐīīÐĨīÐĮÐĊĴĴðŒÐìĮÅÐÐĊÆÐīĴðťÐÌÅřĴìÐUTȘ

qīðďīĴďĴìÐÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșĴìÐīÐðĮīðĮāďå

ăðĴðæĴðďĊďīīÅðĴīĴðďĊÅřķĊðďĊĮďīðĊÌðŒðÌķăÐĉĨăďřÐÐĮĴìĴ

ÆďķăÌÌÐăřďīìăĴĴìÐTÐīæÐīďīīÐĮķăĴðĊĉďĊÐĴīřÌĉæÐĮďĊ

ĴìÐÅĮðĮĴìĴĴìÐTÐīæÐīÐðĴìÐīŒðďăĴÐĮĨīďŒðĮðďĊďåĊÐŘðĮĴðĊæ

ÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴďīĊďÅăðæĴðďĊķĊÌÐīĴìÐtO

ďīďĴìÐīĨĨăðÆÅăÐăœȘ}ìÐķĊðďĊĮďīðĊÌðŒðÌķăÐĉĨăďřÐÐĮĉðæìĴ

ăĮďĨķīĮķÐþķÌðÆðăďīīÅðĴīăÆăðĉĮīðĮðĊæďķĴďåÆìĊæÐĮ

ðĉĨăÐĉÐĊĴÐÌĮīÐĮķăĴďåĴìÐTÐīæÐīȘ}ìÐīÐðĮăĮďĨďĮĮðÅðăðĴř

ĴìĴÐĉĨăďřÐÐĮďīķĊðďĊĮÆďķăÌÐĊææÐðĊķĊăœåķăþďÅÆĴðďĊĮ

ĮķÆìĮĮăďœȭÌďœĊĮșœďīāȭĴďȭīķăÐÆĉĨðæĊĮșĮðÆāȭďķĴĮďīďĴìÐī

ÆĴðďĊĮÌÐĮðæĊÐÌĴďÌðĮīķĨĴďķīĊÌwĨðīðĴȸĮĊďīĉăďĨÐīĴðďĊĮș

œìÐĴìÐīðĊďĨĨďĮðĴðďĊĴďĴìÐTÐīæÐīďīðĊĊĴĴÐĉĨĴĴďĨīÐĮĮķīÐ

ĴìÐÆďĉĨĊðÐĮðĊÆďăăÐÆĴðŒÐÅīæðĊðĊæĊÐæďĴðĴðďĊĮȘăĴìďķæì

ĴìÐtOĉāÐĮĮķÆìÆĴðďĊĮķĊăœåķăķĊĴðăĴìÐĨīĴðÐĮìŒÐ

ÅÐÐĊăœåķăăřīÐăÐĮÐÌĴďĮÐăåȭìÐăĨșĊÌœÐĊÌwĨðīðĴÆĊĮÐÐā

ðĊþķĊÆĴðŒÐīÐăðÐåæðĊĮĴĨīÐĉĴķīÐĮÐăåȭìÐăĨșĮķÆìÆĴðďĊĮÆĊ

ÆķĮÐĮðæĊðťÆĊĴìīĉÐŒÐĊðåķăĴðĉĴÐăřÐĊþďðĊÐÌȘ

}ìÐTÐīæÐīĉřĊďĴÅÐÆÆīÐĴðŒÐșĊÌĉřÅÐ

ÌðăķĴðŒÐșĴďďķīÐīĊðĊæĮĨÐīĮìīÐșœìðÆìĉř

ĊÐæĴðŒÐăřååÐÆĴĴìÐĉīāÐĴĨīðÆÐďåĮìīÐĮďå

ďķīÆďĉĉďĊĮĴďÆāȘ

ÐÆķīīÐĊĴăřĨīďþÐÆĴĴìĴĴìÐTÐīæÐīœðăăīÐĮķăĴðĊĊķĉÅÐīďå

ÅÐĊÐåðĴĮșðĊÆăķÌðĊæÐĊìĊÆÐÌÆďĉĨÐĴðĴðŒÐĨďĮðĴðďĊðĊæĊÌ

ĨăĴåďīĉåīďĉœìðÆìĴďÆÆÐăÐīĴÐæīďœĴìșĊÌĴìĴðĴœðăăÅÐ

ÆÆīÐĴðŒÐĴďÐīĊðĊæĮĨÐīĮìīÐðĊĴìÐťīĮĴåķăăřÐīåĴÐīĴìÐÆăďĮÐ

ďåĴìÐTÐīæÐīȘ}ìðĮĨīďþÐÆĴðďĊðĮÅĮÐÌďĊĨīÐăðĉðĊīřÐĮĴðĉĴÐĮ

ĴìĴĉřĉĴÐīðăăřÆìĊæÐȘAĊ ÌÌðĴðďĊșåķĴķīÐÐŒÐĊĴĮĊÌ

ÆďĊÌðĴðďĊĮÆďķăÌÌÐÆīÐĮÐďīÌÐăřĴìÐÆÆīÐĴðďĊĴìĴðĮÆķīīÐĊĴăř

ĨīďþÐÆĴÐÌďīÆďķăÌīÐĮķăĴðĊÌðăķĴðďĊșðĊÆăķÌðĊæÌŒÐīĮÐÆìĊæÐĮðĊ

ĉīāÐĴÆďĊÌðĴðďĊĮșÌÌðĴðďĊăĴīĊĮÆĴðďĊĊÌðĊĴÐæīĴðďĊȭīÐăĴÐÌ

ÆďĮĴĮĊÌďĴìÐīåÆĴďīĮĮķÆìĮĴìÐåðăķīÐĴďīÐăðšÐĮďĉÐďīăăďå

ĴìÐĊĴðÆðĨĴÐÌÅÐĊÐťĴĮďåĴìÐTÐīæÐīȘĊřÌðăķĴðďĊďåșÌÐÆīÐĮÐ

ðĊďīÌÐăřďåĊřÆÆīÐĴðďĊĴďșďķīÐīĊðĊæĮĨÐīĮìīÐÆďķăÌÆķĮÐ

ĴìÐĨīðÆÐďåĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāĴďÌÐÆăðĊÐďīæīďœĴ

īÐÌķÆÐÌīĴÐȘ

Data and Information Security Related Risks

ZķīīÐĨķĴĴðďĊĊÌÅķĮðĊÐĮĮĉřÅÐìīĉÐÌ

ĊÌœÐĉřÅÐĮķÅþÐÆĴĴďăÐæăÆăðĉĮ

ðåĴìÐīÐðĮăďĮĮșķĊăœåķăÌðĮÆăďĮķīÐďī

ĉðĮĨĨīďĨīðĴðďĊďåșďīķĊĮĊÆĴðďĊÐÌÆÆÐĮĮ

ĴďșďķīÆķĮĴďĉÐīĮȸșÆīÐœĉÐĉÅÐīĮȸșÅķĮðĊÐĮĮ

ĨīĴĊÐīĮȸďīďķīďœĊðĊåďīĉĴðďĊďīďĴìÐī

ÅīÐÆìÐĮďåďķīðĊåďīĉĴðďĊĮÐÆķīðĴřȘ

AĊĴìÐÆķīīÐĊĴÐĊŒðīďĊĉÐĊĴșĴìÐīÐīÐĊķĉÐīďķĮĊÌÐŒďăŒðĊæ

īðĮāĮĴďÆřÅÐīĮÐÆķīðĴřĊÌĨīðŒÆřșðĊÆăķÌðĊæÆīðĉðĊăìÆāÐīĮș

ìÆāĴðŒðĮĴĮșĮĴĴÐȭĮĨďĊĮďīÐÌðĊĴīķĮðďĊĮșðĊÌķĮĴīðăÐĮĨðďĊæÐș

ÐĉĨăďřÐÐĉăåÐĮĊÆÐșĊÌìķĉĊďīĴÐÆìĊďăďæðÆăÐīīďīȘ

>ðæìȭĨīďåðăÐĮÐÆķīðĴřÅīÐÆìÐĮĴďĴìÐīÆďĉĨĊðÐĮĊÌðĊ

æďŒÐīĊĉÐĊĴæÐĊÆðÐĮìŒÐðĊÆīÐĮÐÌðĊīÐÆÐĊĴřÐīĮșĊÌ

ĮÐÆķīðĴřðĊÌķĮĴīřÐŘĨÐīĴĮĊÌæďŒÐīĊĉÐĊĴďŨÆðăĮìŒÐœīĊÐÌ

ÅďķĴĴìÐīðĮāĮďåìÆāÐīĮĊÌÆřÅÐīĴĴÆāĮĴīæÐĴðĊæÅķĮðĊÐĮĮÐĮ

ĮķÆìĮďķīĮȘďĉĨķĴÐīìÆāÐīĮīďķĴðĊÐăřĴĴÐĉĨĴĴďÅīÐÆìďķī

ĊÐĴœďīāĮȘìÐĊœÐăÐīĊďåĮÐÆķīðĴřðĊÆðÌÐĊĴĮșœÐðĊŒÐĮĴðæĴÐ

ĴìÐðĊÆðÌÐĊĴșœìðÆìðĊÆăķÌÐĮĉāðĊæīÐĨďīĴĮĴďăœÐĊåďīÆÐĉÐĊĴș

as appropriate.

ÐăĮďīÐœīÐĴìĴìÆāÐīĮĉřĴĴÐĉĨĴĴďåīķÌķăÐĊĴăř

ðĊÌķÆÐ ÆīÐœĉÐĉÅÐīĮș ÆķĮĴďĉÐīĮș ďī ďĴìÐīĮ Ĵď ÌðĮÆăďĮÐ

ðĊåďīĉĴðďĊďīķĊœðĴĴðĊæăřĨīďŒðÌÐÆÆÐĮĮĴďĮřĮĴÐĉĮďīÌĴȘ

ÐĉāÐÐŘĴÐĊĮðŒÐķĮÐďåďĊăðĊÐĮÐīŒðÆÐĮĊÌÆÐĊĴīăðšÐÌÌĴ

ĨīďÆÐĮĮðĊæșðĊÆăķÌðĊæĴìīďķæìĴìðīÌĨīĴřĮÐīŒðÆÐĨīďŒðÌÐīĮďī

ÅķĮðĊÐĮĮĨīďŒðÌÐīĮȘ}ìÐĮÐÆķīÐĉðĊĴÐĊĊÆÐĊÌĴīĊĮĉðĮĮðďĊ

ďåÆķĮĴďĉÐīĊÌÆīÐœĉÐĉÅÐīðĊåďīĉĴðďĊðĮÆīðĴðÆăÐăÐĉÐĊĴ

ďåďķīďĨÐīĴðďĊĮȘZķīðĊåďīĉĴðďĊĴÐÆìĊďăďæřĊÌďĴìÐīĮřĮĴÐĉĮ

ĊÌĴìďĮÐďåĮÐīŒðÆÐĨīďŒðÌÐīĮďīÅķĮðĊÐĮĮĨīĴĊÐīĮșĴìĴĉðĊĴðĊ

ĊÌĴīĊĮĉðĴÆķĮĴďĉÐīĊÌďķīðĊåďīĉĴðďĊșĉřÅÐÆďĉĨīďĉðĮÐÌ

ÅřĉăðÆðďķĮĴìðīÌĨīĴřĨÐĊÐĴīĴðďĊďåďķīĊÐĴœďīāĮÐÆķīðĴřșďī

ďåÅķĮðĊÐĮĮĨīĴĊÐīșďīðĉĨÆĴÐÌÅřÌÐăðÅÐīĴÐďīðĊÌŒÐīĴÐĊĴ

ÆĴðďĊĮďīðĊÆĴðďĊĮÅřďķīÆīÐœĉÐĉÅÐīĮșďīĴìďĮÐďåÅķĮðĊÐĮĮ

ĨīĴĊÐīȘ}ìÐīðĮāďåÆřÅÐīĴĴÆāĮĴďďķīďĉĨĊřăĮďðĊÆăķÌÐĮ

ĴĴÐĉĨĴÐÌÅīÐÆìÐĮďåÆďĊĴīÆĴďīĮșÅķĮðĊÐĮĮĨīĴĊÐīĮșŒÐĊÌďīĮș

ĊÌďĴìÐīĴìðīÌĨīĴðÐĮȘĮīÐĮķăĴșĨÐīĮďĊăðĊåďīĉĴðďĊĉř

ÅÐăďĮĴșÌðĮÆăďĮÐÌșÆÆÐĮĮÐÌșďīĴāÐĊœðĴìďķĴÆďĊĮÐĊĴȘÐ

ĴīĊĮĉðĴÆďĊťÌÐĊĴðăÆīÐÌðĴÆīÌðĊåďīĉĴðďĊÅřœřďåĮÐÆķīÐ

ĨīðŒĴÐīÐĴðăĊÐĴœďīāĮĊÌīÐăřďĊÐĊÆīřĨĴðďĊĊÌķĴìÐĊĴðÆĴðďĊ

ĴÐÆìĊďăďæřăðÆÐĊĮÐÌåīďĉĴìðīÌĨīĴðÐĮĴďĨīďŒðÌÐĴìÐĮÐÆķīðĴř

ĊÌķĴìÐĊĴðÆĴðďĊĊÐÆÐĮĮīřĴďÐååÐÆĴĮÐÆķīÐĴīĊĮĉðĮĮðďĊĊÌ

ĮĴďīæÐďåÆďĊťÌÐĊĴðăðĊåďīĉĴðďĊȘ

30 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

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ìðăÐœÐĉāÐĮðæĊðťÆĊĴÐååďīĴĮĴďÐĊĮķīÐĴìÐĮÐÆķīðĴřďåðĴĮ

ÆďĉĨķĴÐīĊÐĴœďīāșœÐÆĊĊďĴĨīďŒðÌÐĊřĮĮķīĊÆÐĮĴìĴďķī

ÐååďīĴĮœðăăÌÐåÐĊÌæðĊĮĴăăÆřÅÐīĴĴÆāĮȘĊřÆďĉĨīďĉðĮÐĮĴď

ďķīĮÐÆķīðĴřďīÆďĉĨķĴÐīĊÐĴœďīāÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐ

ÐååÐÆĴďĊďķīīÐĨķĴĴðďĊșÅķĮðĊÐĮĮșďĨÐīĴðĊæīÐĮķăĴĮșĊÌťĊĊÆðă

ÆďĊÌðĴðďĊșĊÌÆďķăÌīÐĮķăĴðĊăďĮĮďåÆķĮĴďĉÐīĮȘÌÌðĴðďĊăăřș

ĊřĉĴÐīðăåðăķīÐÅřķĮĴďÆìðÐŒÐďīĉðĊĴðĊÆďĉĨăðĊÆÐ

œðĴìĴìÐqřĉÐĊĴīÌAĊÌķĮĴīřșďīqAșĮÐÆķīðĴřīÐĪķðīÐĉÐĊĴĮ

ďīīÐÆĴðåřĮÐÆķīðĴřðĮĮķÐĉřīÐĮķăĴðĊťĊÐĮĊÌĴìÐðĉĨďĮðĴðďĊ

ďåīÐĮĴīðÆĴðďĊĮďĊďķīÅðăðĴřĴďÆÆÐĨĴÆīÐÌðĴÆīÌĮĮåďīĉ

ďåĨřĉÐĊĴȘĊřĮķÆìăďĮĮșÌðĮÆăďĮķīÐďīĉðĮĨĨīďĨīðĴðďĊďåș

or access to, customers’, crewmembers’ or business partners’

ðĊåďīĉĴðďĊďīďĴìÐīÅīÐÆìďåďķīðĊåďīĉĴðďĊĮÐÆķīðĴřÆĊ

īÐĮķăĴðĊăÐæăÆăðĉĮďīăÐæăĨīďÆÐÐÌðĊæĮșðĊÆăķÌðĊæīÐæķăĴďīř

ðĊŒÐĮĴðæĴðďĊĮĊÌÆĴðďĊĮșĉřìŒÐĊÐæĴðŒÐðĉĨÆĴďĊďķī

īÐĨķĴĴðďĊșĉřăÐÌĴďīÐæķăĴďīřÐĊåďīÆÐĉÐĊĴÆĴðďĊĮæðĊĮĴ

ķĮșĊÌĉřĉĴÐīðăăřÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮșďĨÐīĴðĊæ

īÐĮķăĴĮșĊÌťĊĊÆðăÆďĊÌðĴðďĊȘ9ķīĴìÐīĉďīÐșĴìÐăďĮĮșÌðĮÆăďĮķīÐ

or misappropriation of our business information may materially

ÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮșďĨÐīĴðĊæīÐĮķăĴĮșĊÌťĊĊÆðă

ÆďĊÌðĴðďĊȘ}ìÐīÐæķăĴðďĊĮðĊĴìðĮīÐÆďĊĴðĊķÐĴďÌÐŒÐăďĨĊÌ

ÐŒďăŒÐȘAĊĴÐīĊĴðďĊăīÐæķăĴðďĊÌÌĮÆďĉĨăÐŘðĴřĮœÐÐŘĨĊÌ

ďķīĮÐīŒðÆÐĊÌðĊÆăķÌÐĉďīÐĨĮĮÐĊæÐīĮåīďĉďĴìÐīÆďķĊĴīðÐĮȘ

#ĴĮÐÆķīðĴřÆďĉĨăðĊÆÐīÐĪķðīÐĉÐĊĴĮÆďķăÌ

ðĊÆīÐĮÐďķīÆďĮĴĮșĊÌĊřĮðæĊðåðÆĊĴÌĴ

ÅīÐÆìÆďķăÌÌðĮīķĨĴďķīďĨÐīĴðďĊĮĊÌìīĉ

ďķīīÐĨķĴĴðďĊșÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮ

ĊÌåðĊĊÆðăÆďĊÌðĴðďĊȘ

ÐīÐĮķÅþÐÆĴĴďðĊÆīÐĮðĊæăÐæðĮăĴðŒÐșīÐæķăĴďīșĊÌÆķĮĴďĉÐī

åďÆķĮďĊĨīðŒÆřðĮĮķÐĮĊÌÌĴĮÐÆķīðĴřȘZķīÅķĮðĊÐĮĮīÐĪķðīÐĮ

ĴìÐĨĨīďĨīðĴÐĊÌĮÐÆķīÐķĴðăðšĴðďĊďåÆķĮĴďĉÐīșÆīÐœĉÐĉÅÐīș

ÅķĮðĊÐĮĮĨīĴĊÐīșĊÌďĴìÐīĮÐĊĮðĴðŒÐðĊåďīĉĴðďĊȘÐÆĊĊďĴ

ÅÐÆÐīĴðĊĴìĴÌŒĊÆÐĮðĊÆīðĉðĊăÆĨÅðăðĴðÐĮȧðĊÆăķÌðĊæ

ÆřÅÐīĴĴÆāĮďīÆřÅÐīðĊĴīķĮðďĊĮďŒÐīĴìÐAĊĴÐīĊÐĴșĉăœīÐș

ÆďĉĨķĴÐīŒðīķĮÐĮșĊÌĴìÐăðāÐȨșÌðĮÆďŒÐīřďåĊÐœŒķăĊÐīÅðăðĴðÐĮ

ďīĴĴÐĉĨĴĮĴďÐŘĨăďðĴÐŘðĮĴðĊæŒķăĊÐīÅðăðĴðÐĮðĊďķīĮřĮĴÐĉĮșďĴìÐī

ÌĴĴìÐåĴĮșĨìřĮðÆăĮřĮĴÐĉďīĊÐĴœďīāÅīÐāȭðĊĮďīðĊĨĨīďĨīðĴÐ

ÆÆÐĮĮșďīďĴìÐīÌÐŒÐăďĨĉÐĊĴĮœðăăĊďĴÆďĉĨīďĉðĮÐďīÅīÐÆìĴìÐ

ĴÐÆìĊďăďæřĨīďĴÐÆĴðĊæĴìÐĊÐĴœďīāĮĴìĴÆÆÐĮĮĊÌĮĴďīÐĮÐĊĮðĴðŒÐ

ðĊåďīĉĴðďĊȘ}ìÐīðĮāďåĮÐÆķīðĴřÅīÐÆìďīÌðĮīķĨĴðďĊșĨīĴðÆķăīăř

ĴìīďķæìÆřÅÐīĴĴÆāďīÆřÅÐīðĊĴīķĮðďĊșðĊÆăķÌðĊæÅřÆďĉĨķĴÐī

ìÆāÐīĮșåďīÐðæĊæďŒÐīĊĉÐĊĴĮșĊÌÆřÅÐīĴÐīīďīðĮĴĮșìĮðĊÆīÐĮÐÌ

ĮĴìÐĊķĉÅÐīșðĊĴÐĊĮðĴřșĊÌĮďĨìðĮĴðÆĴðďĊďåĴĴÐĉĨĴÐÌĴĴÆāĮ

ĊÌðĊĴīķĮðďĊĮåīďĉīďķĊÌĴìÐœďīăÌìŒÐðĊÆīÐĮÐÌȘ

9ķīĴìÐīĉďīÐș ĴìÐīÐ ìĮ ÅÐÐĊ ìÐðæìĴÐĊÐÌ ăÐæðĮăĴðŒÐ ĊÌ

īÐæķăĴďīřåďÆķĮďĊÌĴĮÐÆķīðĴřðĊĴìÐȘwȘĊÌÅīďÌșðĊÆăķÌðĊæ

īÐĪķðīÐĉÐĊĴĮåďīŒīřðĊæăÐŒÐăĮďåÆķĮĴďĉÐīĊďĴðťÆĴðďĊðĊĴìÐ

ÐŒÐĊĴďåÌĴÅīÐÆìȘTĊřďåďķīÆďĉĉÐīÆðăÅķĮðĊÐĮĮĨīĴĊÐīĮș

ðĊÆăķÌðĊæÆīÐÌðĴÆīÌÆďĉĨĊðÐĮșìŒÐðĉĨďĮÐÌÌĴĮÐÆķīðĴř

ĮĴĊÌīÌĮĴìĴœÐĉķĮĴĉÐÐĴȘAĊĨīĴðÆķăīșœÐīÐīÐĪķðīÐÌÅř

ĴìÐqřĉÐĊĴīÌAĊÌķĮĴīřwÐÆķīðĴřwĴĊÌīÌĮďķĊÆðășåďķĊÌÐÌ

ÅřĴìÐÆīÐÌðĴÆīÌÆďĉĨĊðÐĮșĴďÆďĉĨăřœðĴìĴìÐðīìðæìÐĮĴăÐŒÐă

ďåÌĴĮÐÆķīðĴřĮĴĊÌīÌĮȘÐœðăăÆďĊĴðĊķÐďķīÐååďīĴĮĴďĉÐÐĴ

ĴìÐĨīðŒÆřĊÌÌĴĮÐÆķīðĴřďÅăðæĴðďĊĮțìďœÐŒÐīșðĴðĮĨďĮĮðÅăÐ

ĴìĴÆÐīĴðĊĊÐœďÅăðæĴðďĊĮĉřÅÐÌðŨÆķăĴĴďĉÐÐĴĊÌÆďķăÌ

increase our costs.

ĮðæĊðťÆĊĴÌĴĮÐÆķīðĴřÅīÐÆìďīďķīåðăķīÐĴďÆďĉĨăřœðĴì

ĨĨăðÆÅăÐȘwȘďīåďīÐðæĊÌĴĮÐÆķīðĴřīÐæķăĴðďĊĮďīďĴìÐī

ÌĴĮÐÆķīðĴřĮĴĊÌīÌĮĉřÐŘĨďĮÐķĮĴďăðĴðæĴðďĊșÆăðĉĮåďī

ÆďĊĴīÆĴÅīÐÆìșťĊÐĮșĮĊÆĴðďĊĮďīďĴìÐīĨÐĊăĴðÐĮșœìðÆìÆďķăÌ

ÌðĮīķĨĴďķīďĨÐīĴðďĊĮșìīĉďķīīÐĨķĴĴðďĊșĊÌĉĴÐīðăăřĊÌ

ÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮșĊÌťĊĊÆðă

ÆďĊÌðĴðďĊȘ}ìÐÆďĮĴĮĴďīÐĉÐÌðĴÐÅīÐÆìÐĮĊÌĮðĉðăīĮřĮĴÐĉ

ÆďĉĨīďĉðĮÐĮĴìĴÌďďÆÆķīÆďķăÌÅÐĉĴÐīðăȘAĊÌÌðĴðďĊșĮÆřÅÐī

ÆīðĉðĊăĮÅÐÆďĉÐĉďīÐåīÐĪķÐĊĴșðĊĴÐĊĮÐșĊÌĮďĨìðĮĴðÆĴÐÌș

ĴìÐÆďĮĴĮďåĨīďÆĴðŒÐÌÐåÐĊĮðŒÐĉÐĮķīÐĮĉřðĊÆīÐĮÐȘ9ðăķīÐ

ĴďÌÌīÐĮĮĴìÐĮÐðĮĮķÐĮĨĨīďĨīðĴÐăřÆďķăÌăĮďæðŒÐīðĮÐĴď

ÌÌðĴðďĊăăÐæăīðĮāĮșœìðÆìșðĊĴķīĊșÆďķăÌðĊÆīÐĮÐĴìÐĮðšÐĊÌ

ĊķĉÅÐīďåăðĴðæĴðďĊÆăðĉĮĊÌÌĉæÐĮĮĮÐīĴÐÌďīĮķÅþÐÆĴķĮ

ĴďÐĊåďīÆÐĉÐĊĴÆĴðďĊĮșťĊÐĮĊÌĨÐĊăĴðÐĮșĊÌÆķĮÐķĮĴďðĊÆķī

åķīĴìÐīīÐăĴÐÌÆďĮĴĮĊÌÐŘĨÐĊĮÐĮȘ

ÐīÐăřìÐŒðăřďĊķĴďĉĴÐÌĮřĮĴÐĉĮĴď

ďĨÐīĴÐďķīÅķĮðĊÐĮĮțĊřåðăķīÐďåĴìÐĮÐ

ĮřĮĴÐĉĮÆďķăÌìīĉďķīÅķĮðĊÐĮĮȘ

ÐīÐÌÐĨÐĊÌÐĊĴďĊķĴďĉĴÐÌĮřĮĴÐĉĮĊÌĴÐÆìĊďăďæřĴď

ďĨÐīĴÐďķīÅķĮðĊÐĮĮșÐĊìĊÆÐĴìÐLÐĴăķÐ'ŘĨÐīðÐĊÆÐșĊÌ

ÆìðÐŒÐăďœďĨÐīĴðĊæÆďĮĴĮȘ}ìÐĨÐīåďīĉĊÆÐĊÌīÐăðÅðăðĴř

ďåďķīķĴďĉĴÐÌĮřĮĴÐĉĮĊÌÌĴÆÐĊĴÐīĮðĮÆīðĴðÆăĴďďķī

ÅðăðĴřĴďďĨÐīĴÐďķīÅķĮðĊÐĮĮĊÌÆďĉĨÐĴÐÐååÐÆĴðŒÐăřȘ}ìÐĮÐ

ĮřĮĴÐĉĮðĊÆăķÌÐďķīÆďĉĨķĴÐīðšÐÌðīăðĊÐīÐĮÐīŒĴðďĊĮřĮĴÐĉș

ŦðæìĴďĨÐīĴðďĊĮĮřĮĴÐĉșĴÐăÐÆďĉĉķĊðÆĴðďĊĮĮřĮĴÐĉĮșœÐÅĮðĴÐș

ĉðĊĴÐĊĊÆÐĮřĮĴÐĉĮșÆìÐÆāȭðĊāðďĮāĮșĊÌďķīĨīðĉīřĊÌ

īÐÌķĊÌĊĴÌĴÆÐĊĴÐīĮȘZķīœÐÅĮðĴÐĊÌīÐĮÐīŒĴðďĊĮřĮĴÐĉ

ĉķĮĴÅÐ ÅăÐ ĴďĮÐÆķīÐăř ÆÆďĉĉďÌĴÐ ìðæì ŒďăķĉÐďå

ĴīŨÆĊÌÌÐăðŒÐīðĉĨďīĴĊĴŦðæìĴðĊåďīĉĴðďĊȘ}ìÐĮÐĮřĮĴÐĉĮ

īÐĪķðīÐķĨæīÌÐĮďīīÐĨăÆÐĉÐĊĴĨÐīðďÌðÆăăřșœìðÆìðĊŒďăŒÐ

ðĉĨăÐĉÐĊĴĴðďĊĊÌďĴìÐīďĨÐīĴðďĊăīðĮāĮȘZķīÅķĮðĊÐĮĮĉř

ÅÐìīĉÐÌðåœÐåðăĴďďĨÐīĴÐșīÐĨăÆÐďīķĨæīÌÐďķīĮřĮĴÐĉĮ

ďīÌĴÆÐĊĴÐīðĊåīĮĴīķÆĴķīÐĮķÆÆÐĮĮåķăăřȘ

ÐīÐăřďĊĴìðīÌĨīĴřĨīďŒðÌÐīĮďåďķīÆķīīÐĊĴķĴďĉĴÐÌ

ĮřĮĴÐĉĮĊÌÌĴÆÐĊĴÐīðĊåīĮĴīķÆĴķīÐåďīĴÐÆìĊðÆăĮķĨĨďīĴȘ

AåďķīÆķīīÐĊĴĨīďŒðÌÐīĮœÐīÐĴďåðăĴďÌÐĪķĴÐăřĨīďŒðÌÐ

ĴÐÆìĊðÆăĮķĨĨďīĴåďīĊřďĊÐďåďķīāÐřÐŘðĮĴðĊæĮřĮĴÐĉĮďīðå

ĊÐœďīķĨÌĴÐÌÆďĉĨďĊÐĊĴĮœÐīÐĊďĴðĊĴÐæīĴÐÌĮĉďďĴìăřșœÐ

ÆďķăÌÐŘĨÐīðÐĊÆÐĮÐīŒðÆÐÌðĮīķĨĴðďĊĮșœìðÆìÆďķăÌīÐĮķăĴðĊĴìÐ

ăďĮĮďåðĉĨďīĴĊĴÌĴșðĊÆīÐĮÐďķīÐŘĨÐĊĮÐĮșÌÐÆīÐĮÐďķī

īÐŒÐĊķÐĮĊÌæÐĊÐīăăřìīĉďķīÅķĮðĊÐĮĮșīÐĨķĴĴðďĊșĊÌÅīĊÌȘ

9ķīĴìÐīĉďīÐșďķīķĴďĉĴÐÌĮřĮĴÐĉĮÆĊĊďĴÅÐÆďĉĨăÐĴÐăř

ĨīďĴÐÆĴÐÌæðĊĮĴÐŒÐĊĴĮÅÐřďĊÌďķīÆďĊĴīďășðĊÆăķÌðĊæĊĴķīă

ÌðĮĮĴÐīĮșÆďĉĨķĴÐīŒðīķĮÐĮșÆřÅÐīĴĴÆāĮșďĴìÐīĮÐÆķīðĴř

ÅīÐÆìÐĮșďīĴÐăÐÆďĉĉķĊðÆĴðďĊĮ åðăķīÐĮȘwķÅĮĴĊĴðă ďī

ĮķĮĴðĊÐÌĮřĮĴÐĉåðăķīÐĮÆďķăÌðĉĨÆĴÆķĮĴďĉÐīĮÐīŒðÆÐĊÌ

īÐĮķăĴðĊďķīÆķĮĴďĉÐīĮĨķīÆìĮðĊæĴðÆāÐĴĮåīďĉďĴìÐīðīăðĊÐĮȘ

ÐìŒÐðĉĨăÐĉÐĊĴÐÌĮÐÆķīðĴřĉÐĮķīÐĮĊÌÆìĊæÐÆďĊĴīďă

ĨīďÆÐÌķīÐĮĊÌìŒÐÌðĮĮĴÐīīÐÆďŒÐīřĨăĊĮȘÐăĮďīÐĪķðīÐ

ďķīĴìðīÌĨīĴřĨīďŒðÌÐīĮĴďìŒÐÌðĮĮĴÐīīÐÆďŒÐīřĨăĊĮțìďœÐŒÐīș

œÐÆĊĊďĴĮĮķīÐřďķĴìÐĮÐĉÐĮķīÐĮīÐÌÐĪķĴÐĴďĨīÐŒÐĊĴ

ÌðĮīķĨĴðďĊĮșœìðÆìșðåĴìÐřœÐīÐĴďďÆÆķīșÆďķăÌīÐĮķăĴðĊĴìÐăďĮĮ

ďåðĉĨďīĴĊĴÌĴșðĊÆīÐĮÐďķīÐŘĨÐĊĮÐĮșÌÐÆīÐĮÐďķīīÐŒÐĊķÐĮș

ĊÌæÐĊÐīăăřìīĉďķīÅķĮðĊÐĮĮșīÐĨķĴĴðďĊșĊÌÅīĊÌȘ

31JETBLUE AIRWAYS CORPORATION |

2022

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Human Capital Related Risks

AåœÐīÐķĊÅăÐĴďĴĴīÆĴĊÌīÐĴðĊĪķăðåðÐÌ

ĨÐīĮďĊĊÐăďīåðăĴďĉðĊĴðĊďķīÆďĉĨĊř

ÆķăĴķīÐșďķīÅķĮðĊÐĮĮÆďķăÌÅÐìīĉÐÌȘ

Ð ÆďĉĨÐĴÐæðĊĮĴ ďĴìÐī ĉþďī ȘwȘðīăðĊÐĮ åďī ĨðăďĴĮș

ĉÐÆìĊðÆĮșĊÌďĴìÐīĮāðăăÐÌăÅďīțĮďĉÐďåĴìÐĉďååÐīœæÐ

ĊÌÅÐĊÐåðĴĨÆāæÐĮÐŘÆÐÐÌðĊæďķīĮȘĮĉďīÐĨðăďĴĮðĊĴìÐ

ðĊÌķĮĴīřĨĨīďÆìĉĊÌĴďīřīÐĴðīÐĉÐĊĴæÐșĴìÐȘwȘðīăðĊÐ

ðĊÌķĮĴīřĉřÅÐååÐÆĴÐÌÅřĨðăďĴĮìďīĴæÐȘÐĉřÅÐīÐĪķðīÐÌ

ĴďðĊÆīÐĮÐœæÐĮĊÌȥďīÅÐĊÐťĴĮðĊďīÌÐīĴďĴĴīÆĴĊÌīÐĴðĊ

ĪķăðťÐÌĨÐīĮďĊĊÐăďīīðĮāÆďĊĮðÌÐīÅăÐÆīÐœĉÐĉÅÐīĴķīĊďŒÐīȘ

AåœÐīÐķĊÅăÐĴďìðīÐșĴīðĊșĊÌīÐĴðĊĪķăðťÐÌÆīÐœĉÐĉÅÐīĮ

īÐĨīÐĮÐĊĴðĊæÌðŒÐīĮÐÅÆāæīďķĊÌĮșÐŘĨÐīðÐĊÆÐĮșĊÌĮāðăăĮÐĴĮș

ďķīÅķĮðĊÐĮĮÆďķăÌÅÐìīĉÐÌĊÌœÐĉřÅÐķĊÅăÐĴďðĉĨăÐĉÐĊĴ

ďķīæīďœĴìĨăĊĮȘAĊÌÌðĴðďĊșďķīÅķĮðĊÐĮĮĉřÅÐìīĉÐÌðåœÐ

ăďĮÐĴďďĉĊřðĊÌðŒðÌķăĮœðĴìðĊĮĴðĴķĴðďĊăāĊďœăÐÌæÐȘ

ÐÅÐăðÐŒÐďĊÐďåďķīÆďĉĨÐĴðĴðŒÐĮĴīÐĊæĴìĮðĮďķīĮÐīŒðÆÐȭ

ďīðÐĊĴÐÌÆďĉĨĊřÆķăĴķīÐșœìðÆìÐĉĨìĮðšÐĮåīðÐĊÌăřșìÐăĨåķăș

ĴÐĉȭďīðÐĊĴÐÌș ĊÌ ÆķĮĴďĉÐīȭåďÆķĮÐÌ ÆīÐœĉÐĉÅÐīĮȘZķī

ÆďĉĨĊřÆķăĴķīÐðĮðĉĨďīĴĊĴĴďĨīďŒðÌðĊæìðæìĪķăðĴřÆķĮĴďĉÐī

ĮÐīŒðÆÐĊÌìŒðĊæĨīďÌķÆĴðŒÐœďīāåďīÆÐðĊďīÌÐīĴďìÐăĨāÐÐĨ

ďķīÆďĮĴĮăďœȘĮœÐÐŘĨÐīðÐĊÆÐĴķīĊďŒÐīșœÐĉřÅÐķĊÅăÐ

ĴďðÌÐĊĴðåřșìðīÐșďīīÐĴðĊÐĊďķæìĨÐďĨăÐœìďĉÐÐĴĴìÐÅďŒÐ

ÆīðĴÐīðșðĊÆăķÌðĊæĴìďĮÐðĊĉĊæÐĉÐĊĴďīďĴìÐīāÐřĨďĮðĴðďĊĮȘ

ZķīÆďĉĨĊřÆķăĴķīÐÆďķăÌďĴìÐīœðĮÐÅÐÌŒÐīĮÐăřååÐÆĴÐÌÅřďķī

æīďœðĊæďĨÐīĴðďĊĮĊÌÅīďÌÐīæÐďæīĨìðÆÌðŒÐīĮðĴřȘAåœÐåðăĴď

ĉðĊĴðĊĴìÐĮĴīÐĊæĴìďåďķīÆďĉĨĊřÆķăĴķīÐșďķīÆďĉĨÐĴðĴðŒÐ

ÅðăðĴřĊÌďķīÅķĮðĊÐĮĮĉřÅÐìīĉÐÌȘ

ÐĉřÅÐĮķÅþÐÆĴĴďķĊðďĊðšĴðďĊșœďīā

ĮĴďĨĨæÐĮșĮăďœÌďœĊĮďīðĊÆīÐĮÐÌăÅďī

ÆďĮĴĮĊÌĴìÐķĊðďĊðšĴðďĊďåďķīĨðăďĴĮĊÌ

ðĊåăðæìĴÆīÐœĉÐĉÅÐīĮÆďķăÌīÐĮķăĴðĊðĊÆīÐĮÐÌ

ăÅďīÆďĮĴĮȘ

ZķīÅķĮðĊÐĮĮðĮăÅďīðĊĴÐĊĮðŒÐĊÌĴìÐķĊðďĊðšĴðďĊďåĊřďåďķī

ÆīÐœĉÐĉÅÐīĮÆďķăÌīÐĮķăĴðĊÌÐĉĊÌĮĴìĴĉřðĊÆīÐĮÐďķī

ďĨÐīĴðĊæÐŘĨÐĊĮÐĮĊÌÌŒÐīĮÐăřååÐÆĴďķīťĊĊÆðăÆďĊÌðĴðďĊ

ĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȘĊřďåĴìÐÌðååÐīÐĊĴÆīåĴĮďīÆăĮĮÐĮ

ďåďķīÆīÐœĉÐĉÅÐīĮÆďķăÌķĊðďĊðšÐĴĊřĴðĉÐșœìðÆìœďķăÌ

īÐĪķðīÐķĮĴďĊÐæďĴðĴÐðĊæďďÌåðĴìœðĴìĴìÐÆīÐœĉÐĉÅÐīæīďķĨȸĮ

ÆÐīĴðåðÐÌīÐĨīÐĮÐĊĴĴðŒÐÆďĊÆÐīĊðĊæÆďăăÐÆĴðŒÐÅīæðĊðĊæ

æīÐÐĉÐĊĴȘAĊÌÌðĴðďĊșœÐĉřÅÐĮķÅþÐÆĴĴďÌðĮīķĨĴðďĊĮÅřķĊðďĊĮ

ĨīďĴÐĮĴðĊæĴìÐĊďĊȭķĊðďĊĮĴĴķĮďåďķīďĴìÐīÆīÐœĉÐĉÅÐīĮȘĊř

ďåĴìÐĮÐÐŒÐĊĴĮœďķăÌÅÐÌðĮīķĨĴðŒÐĴďďķīďĨÐīĴðďĊĮĊÌÆďķăÌ

ìīĉďķīÅķĮðĊÐĮĮȘ

AĊæÐĊÐīășķĊðďĊðšĴðďĊìĮðĊÆīÐĮÐÌÆďĮĴĮðĊĴìÐðīăðĊÐðĊÌķĮĴīřȘ

AĊǡǟǠǣșďķīĨðăďĴĮŒďĴÐÌĴďÅÐīÐĨīÐĮÐĊĴÐÌÅřĴìÐðīăðĊÐĮqðăďĴ

ĮĮďÆðĴðďĊș ďī OqșĊÌ ďķī åðīĮĴ ÆďăăÐÆĴðŒÐÅīæðĊðĊæ

æīÐÐĉÐĊĴœĮīĴðťÐÌÅřĴìÐĨðăďĴĮĊÌÅÐÆĉÐÐååÐÆĴðŒÐďĊ

ķæķĮĴǠșǡǟǠǧȘAĊ9ÐÅīķīřǡǟǡǡșœÐÆďĉĉÐĊÆÐÌĊÐæďĴðĴðďĊĮ

åďīĮķÆÆÐĮĮďīÆďĊĴīÆĴșðĊÆÆďīÌĊÆÐœðĴìĴìÐÆďăăÐÆĴðŒÐ

ÅīæðĊðĊææīÐÐĉÐĊĴșĊÌðĊ#ÐÆÐĉÅÐīǡǟǡǡœÐīÐÆìÐÌ

ĴÐĊĴĴðŒÐæīÐÐĉÐĊĴœðĴìOqĴďÐŘĴÐĊÌĴìÐÆķīīÐĊĴÆďăăÐÆĴðŒÐ

ÅīæðĊðĊææīÐÐĉÐĊĴÅřĴœďřÐīĮȘ}ìÐæīÐÐĉÐĊĴœĮīĴðťÐÌ

ÅřĴìÐLÐĴăķÐĨðăďĴĮðĊLĊķīřǡǟǡǢȘ

AĊĨīðăǡǟǠǧșLÐĴăķÐðĊŦðæìĴÆīÐœĉÐĉÅÐīĮÐăÐÆĴÐÌĴďÅÐĮďăÐăř

īÐĨīÐĮÐĊĴÐÌÅřĴìÐ}īĊĮĨďīĴďīāÐīĮĊðďĊďåĉÐīðÆșďī

}Ș}ìÐUTÆÐīĴðťÐÌĴìÐ}ĮĴìÐīÐĨīÐĮÐĊĴĴðŒÐÅďÌřåďī

LÐĴăķÐðĊŦðæìĴÆīÐœĉÐĉÅÐīĮȘAĊUďŒÐĉÅÐīǡǟǡǟșďķīðĊŦðæìĴ

ÆīÐœĉÐĉÅÐīĮŒďĴÐÌĴďÌÐÆăðĊÐĴìÐīĴðåðÆĴðďĊďåĴÐĊĴĴðŒÐ

ÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴÅÐĴœÐÐĊLÐĴăķÐĊÌ}Ș

AĊ#ÐÆÐĉÅÐīǡǟǡǠșďķīðĊŦðæìĴÆīÐœĉÐĉÅÐīĮīĴðťÐÌďķīťīĮĴ

ÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴœðĴì}șœìðÆìðĮťŒÐȭřÐīș

īÐĊÐœÅăÐÆďĊĴīÆĴÐååÐÆĴðŒÐ#ÐÆÐĉÅÐīǠǢșǡǟǡǠȘ

Reputational Risks

ZķīīÐĨķĴĴðďĊĊÌåðĊĊÆðăīÐĮķăĴĮÆďķăÌÅÐ

ìīĉÐÌðĊĴìÐÐŒÐĊĴďåĊÆÆðÌÐĊĴďīðĊÆðÌÐĊĴ

ðĊŒďăŒðĊæďķīðīÆīåĴȘ

ĊÆÆðÌÐĊĴďīðĊÆðÌÐĊĴðĊŒďăŒðĊæďĊÐďåďķīðīÆīåĴÆďķăÌðĊŒďăŒÐ

ĮðæĊðťÆĊĴĨďĴÐĊĴðăÆăðĉĮďåðĊþķīÐÌĨĮĮÐĊæÐīĮďīďĴìÐīĮðĊ

ÌÌðĴðďĊĴďīÐĨðīďīīÐĨăÆÐĉÐĊĴďåÌĉæÐÌðīÆīåĴĊÌðĴĮ

ÆďĊĮÐĪķÐĊĴðăĴÐĉĨďīīřďīĨÐīĉĊÐĊĴăďĮĮåīďĉĮÐīŒðÆÐȘÐ

īÐīÐĪķðīÐÌÅřĴìÐ#Z}ĴďÆīīřăðÅðăðĴřðĊĮķīĊÆÐȘăĴìďķæìœÐ

ÅÐăðÐŒÐœÐÆķīīÐĊĴăřĉðĊĴðĊăðÅðăðĴřðĊĮķīĊÆÐðĊĉďķĊĴĮĊÌďå

ĴìÐĴřĨÐæÐĊÐīăăřÆďĊĮðĮĴÐĊĴœðĴìðĊÌķĮĴīřĨīÆĴðÆÐșĴìÐĉďķĊĴ

ďåĮķÆìÆďŒÐīæÐĉřĊďĴÅÐÌÐĪķĴÐĊÌœÐĉřÅÐåďīÆÐÌĴď

ÅÐīĮķÅĮĴĊĴðăăďĮĮÐĮåīďĉĊÆÆðÌÐĊĴďīðĊÆðÌÐĊĴȘwķÅĮĴĊĴðă

ÆăðĉĮīÐĮķăĴðĊæåīďĉĊÆÆðÌÐĊĴďīðĊÆðÌÐĊĴðĊÐŘÆÐĮĮďåďķī

īÐăĴÐÌðĊĮķīĊÆÐÆďŒÐīæÐœďķăÌìīĉďķīÅķĮðĊÐĮĮĊÌťĊĊÆðă

īÐĮķăĴĮȘTďīÐďŒÐīșĊřðīÆīåĴÆÆðÌÐĊĴďīðĊÆðÌÐĊĴșÐŒÐĊðååķăăř

ðĊĮķīÐÌșÆďķăÌÆķĮÐĨķÅăðÆĨÐīÆÐĨĴðďĊœÐīÐăÐĮĮĮåÐďī

īÐăðÅăÐĴìĊďĴìÐīðīăðĊÐĮœìðÆìœďķăÌìīĉďķīÅķĮðĊÐĮĮȘ

ZķīÅķĮðĊÐĮĮÌÐĨÐĊÌĮďĊďķīĮĴīďĊæīÐĨķĴĴðďĊ

ĊÌĴìÐŒăķÐďåĴìÐLÐĴăķÐÅīĊÌȘ

}ìÐLÐĴăķÐ ÅīĊÌĊĉÐ ĮřĉÅďăðšÐĮìðæìȭĪķăðĴř åīðÐĊÌăř

ÆķĮĴďĉÐīĮÐīŒðÆÐș ðĊĊďŒĴðďĊș åķĊș ĊÌ  ĨăÐĮĊĴĴīŒÐă

ÐŘĨÐīðÐĊÆÐȘLÐĴăķÐðĮ œðÌÐăř īÐÆďæĊðšÐÌĊÌīÐĮĨÐÆĴÐÌ

æăďÅăÅīĊÌțĴìÐLÐĴăķÐÅīĊÌðĮďĊÐďåďķīĉďĮĴðĉĨďīĴĊĴ

32 JETBLUE AIRWAYS CORPORATION |

2022

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qt}A |

A}'TɁǠɁtAwN9}Ztw

ĊÌŒăķÅăÐĮĮÐĴĮȘ}ìÐLÐĴăķÐÅīĊÌĊĉÐĊÌďķīÆďīĨďīĴÐ

īÐĨķĴĴðďĊīÐĨďœÐīåķăĮăÐĮĊÌĉīāÐĴðĊæ ĴďďăĮĊÌœÐ

ÌÐŒďĴÐĮðæĊðťÆĊĴīÐĮďķīÆÐĮĴďĨīďĉďĴðĊæĊÌĨīďĴÐÆĴðĊæĴìÐĉȘ

ÌŒÐīĮÐĨķÅăðÆðĴřșœìÐĴìÐīďīĊďĴþķĮĴðťÐÌșīÐăĴðĊæĴďÆĴðŒðĴðÐĮ

ÅřďķīÆīÐœĉÐĉÅÐīĮșÆďĊĴīÆĴďīĮșďīæÐĊĴĮÆďķăÌĴīĊðĮìďķī

īÐĨķĴĴðďĊĊÌīÐÌķÆÐĴìÐŒăķÐďåďķīÅīĊÌȘAĊÆīÐĮðĊæăřĴìÐ

ĨÐīÆÐĨĴðďĊďķīÆķĮĴďĉÐīĮĊÌďĴìÐīĮĴāÐìďăÌÐīĮìŒÐÅďķĴìďœ

œÐÌÌīÐĮĮĴìÐīðĮāĮĊÌďĨĨďīĴķĊðĴðÐĮœÐåÆÐīÐăĴÐÌĴď#'AĊÌ

ÆăðĉĴÐÆìĊæÐÐĊææÐĉÐĊĴșďķīīďăÐðĊĴìÐÆďĉĉķĊðĴðÐĮðĊœìðÆì

œÐďĨÐīĴÐĊÌďķīīÐăĴðďĊĮìðĨœðĴìďķīÆīÐœĉÐĉÅÐīĮœðăăìŒÐ

ĊðĉĨÆĴďĊďķīīÐĨķĴĴðďĊȘ9ķīĴìÐīĉďīÐșðĊÆīÐĮÐÌķĮæÐďå

ĮďÆðăĉÐÌðĨăĴåďīĉĮĨīÐĮÐĊĴĮðĊÆīÐĮÐÌīðĮāĮĴďďķīīÐĨķĴĴðďĊ

ĊÌďķīÅķĮðĊÐĮĮȘÐĉřĮķååÐīÌĉæÐĴďďķīīÐĨķĴĴðďĊĮ

īÐĮķăĴďåĊÐæĴðŒÐďīðĊÆÆķīĴÐĨďĮĴĮďīÆďĉĉÐĊĴĮÅďķĴ

LÐĴăķÐďĊĮďÆðăĉÐÌðĨăĴåďīĉĮșðĊÆăķÌðĊæīÐăĴÐÌÌÐăřĮďī

ÆĊÆÐăăĴðďĊĮďĊďķīŦðæìĴĮÐŒÐĊœìÐĊðĴðĮÌķÐĴďœÐĴìÐīďī

ďĴìÐīÆðīÆķĉĮĴĊÆÐĮĴìĴīÐďķĴĮðÌÐďåďķīÆďĊĴīďăȘAĊÌÌðĴðďĊș

ðĊĨĨīďĨīðĴÐĊÌȥďīķĊķĴìďīðšÐÌķĮÐďåďķīĮďÆðăĉÐÌð

ĨăĴåďīĉĮÅřďķīÆīÐœĉÐĉÅÐīĮďīďĴìÐīĮĮĮďÆðĴÐÌœðĴìķĮ

ĉřÌĉæÐďķīīÐĨķĴĴðďĊșĊÌÆďķăÌăÐÌĴďăÐæăðĉĨăðÆĴðďĊĮ

ðĊĴìÐÐŒÐĊĴĴìĴðĊåďīĉĴðďĊðĮðĉĨīďĨÐīăřÆďăăÐÆĴÐÌĊÌȥďī

ÌðĮĮÐĉðĊĴÐÌșďīĊďĊȭĨķÅăðÆĮÐĊĮðĴðŒÐðĊåďīĉĴðďĊīÐăĴÐÌĴď

LÐĴăķÐďīďĴìÐīĮðĮÌðĮÆăďĮÐÌȘ#ĉæÐĴďďķīīÐĨķĴĴðďĊĊÌăďĮĮ

ďåÅīĊÌÐĪķðĴřÆďķăÌīÐÌķÆÐÌÐĉĊÌåďīďķīĮÐīŒðÆÐĮĊÌĴìķĮ

ìŒÐĊÌŒÐīĮÐÐååÐÆĴďĊďķīťĊĊÆðăÆďĊÌðĴðďĊșăðĪķðÌðĴřșĊÌ

īÐĮķăĴĮďåďĨÐīĴðďĊĮșĮœÐăăĮīÐĪķðīÐÌÌðĴðďĊăīÐĮďķīÆÐĮĴď

īÐÅķðăÌďķīīÐĨķĴĴðďĊĊÌīÐĮĴďīÐĴìÐŒăķÐďåďķīÅīĊÌȘ

Financing and Financial Risks

ÐìŒÐĮðæĊðåðÆĊĴĉďķĊĴďååðŘÐÌ

ďÅăðæĴðďĊĮĊÌœÐœðăăðĊÆķīĮðæĊðåðÆĊĴăřĉďīÐ

åðŘÐÌďÅăðæĴðďĊĮœìðÆìÆďķăÌìīĉďķīÅðăðĴř

ĴďĮÐīŒðÆÐďķīÆķīīÐĊĴďÅăðæĴðďĊĮďīĮĴðĮåř

åķĴķīÐåðŘÐÌďÅăðæĴðďĊĮȘ

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșďķīÌÐÅĴďåɄǢȘǥÅðăăðďĊÆÆďķĊĴÐÌåďīǤǡɦ

ďåďķīĴďĴăÆĨðĴăðšĴðďĊȘAĊÌÌðĴðďĊĴďăďĊæȭĴÐīĉÌÐÅĴșœÐìŒÐ

ĮðæĊðťÆĊĴĉďķĊĴďåďĴìÐīťŘÐÌďÅăðæĴðďĊĮķĊÌÐīďĨÐīĴðĊæ

ăÐĮÐĮīÐăĴÐÌĴďďķīðīÆīåĴșðīĨďīĴĴÐīĉðĊăĮĨÆÐșðīĨďīĴ

ìĊæīĮșďĴìÐīåÆðăðĴðÐĮșĊÌďŨÆÐĮĨÆÐȘĮďå#ÐÆÐĉÅÐīɁǢǠș

ǡǟǡǡșåķĴķīÐĉðĊðĉķĉĨřĉÐĊĴĮķĊÌÐīĊďĊȭÆĊÆÐăÅăÐăÐĮÐĮ

ĊÌďĴìÐīťĊĊÆðĊæďÅăðæĴðďĊĮœÐīÐĨĨīďŘðĉĴÐăřɄǢȘǠÅðăăðďĊåďī

ǡǟǡǢĴìīďķæìǡǟǡǦĊÌĊææīÐæĴÐďåɄǟȘǨÅðăăðďĊåďīĴìÐřÐīĮ

ĴìÐīÐåĴÐīȘ}ǤĴL9NðĮķĊÌÐīăÐĮÐœðĴìĴìÐqUULĴìĴÐĊÌĮ

ďĊĴìÐǡǧ

Ĵì

ĊĊðŒÐīĮīřďåĴìÐÌĴÐďåÅÐĊÐťÆðăďÆÆķĨĊÆřďåĴìÐ

ĊÐœAĊĴÐīĊĴðďĊăīīðŒăĮåÆðăðĴřĊÌĴìīÐÐĊÐĴĊÐœæĴÐĮĴĴìÐ

åďīĉÐī}ÐīĉðĊăǥȧȵ}ǤðȶȨȘ}ìÐĉðĊðĉķĉĨřĉÐĊĴĮķĊÌÐīĴìðĮăÐĮÐ

ìŒÐÅÐÐĊðĊÆăķÌÐÌðĊĴìÐåķĴķīÐĉðĊðĉķĉĨřĉÐĊĴĴďĴăĮÅďŒÐȘ

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșœÐìÌÆďĉĉðĴĉÐĊĴĮďåĨĨīďŘðĉĴÐăř

ɄǦȘǧÅðăăðďĊĴďĨķīÆìĮÐǠǣǧÌÌðĴðďĊăðīÆīåĴĊÌīÐăĴÐÌŦðæìĴ

ÐĪķðĨĉÐĊĴĴìīďķæìǡǟǡǦșðĊÆăķÌðĊæÐĮĴðĉĴÐÌĉďķĊĴĮåďī

ÆďĊĴīÆĴķăĨīðÆÐÐĮÆăĴðďĊĮĊÌĨīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮȘÐ

ĉřðĊÆķīÌÌðĴðďĊăÌÐÅĴĊÌďĴìÐīťŘÐÌďÅăðæĴðďĊĮĮœÐĴāÐ

ÌÐăðŒÐīřďåĊÐœðīÆīåĴďīťĊĊÆÐķĊÐĊÆķĉÅÐīÐÌðīÆīåĴðĊďķī

ŦÐÐĴĊÌďĴìÐīÐĪķðĨĉÐĊĴĊÌÆďĊĴðĊķÐĴďÐŘĨĊÌðĊĴďĊÐœďī

ÐŘðĮĴðĊæĉīāÐĴĮȘAĊĊÐååďīĴĴďăðĉðĴĴìÐðĊÆķīīÐĊÆÐďåĮðæĊðťÆĊĴ

ÌÌðĴðďĊăÌÐÅĴșœÐĉřĮÐÐāĴďÌÐåÐīĮďĉÐďåďķīĮÆìÐÌķăÐÌ

ÌÐăðŒÐīðÐĮșĮÐăăďīăÐĮÐðīÆīåĴĴďďĴìÐīĮșďīĨřÆĮìåďīĊÐœ

ðīÆīåĴșĴďĴìÐÐŘĴÐĊĴĊÐÆÐĮĮīřďīĨďĮĮðÅăÐȘ}ìÐĉďķĊĴďåďķī

ÐŘðĮĴðĊæÌÐÅĴșĊÌďĴìÐīťŘÐÌďÅăðæĴðďĊĮșĊÌĨďĴÐĊĴðăðĊÆīÐĮÐĮ

ðĊĴìÐĉďķĊĴďåďķīÌÐÅĴĊÌďĴìÐīťŘÐÌďÅăðæĴðďĊĮșðĊÆăķÌðĊæ

ðĊÆďĊĊÐÆĴðďĊœðĴìĴìÐTÐīæÐīœðĴìwĨðīðĴșÆďķăÌìŒÐðĉĨďīĴĊĴ

ÆďĊĮÐĪķÐĊÆÐĮĴďðĊŒÐĮĴďīĮĊÌÆďķăÌīÐĪķðīÐĮķÅĮĴĊĴðăĨďīĴðďĊ

ďåÆĮìŦďœĮåīďĉďĨÐīĴðďĊĮåďīÌÐÅĴĮÐīŒðÆÐĨřĉÐĊĴĮșĴìÐīÐÅř

īÐÌķÆðĊæĴìÐŒðăÅðăðĴřďåďķīÆĮìŦďœĴďåķĊÌœďīāðĊæÆĨðĴăș

ÆĨðĴăÐŘĨÐĊÌðĴķīÐĮșĊÌďĴìÐīæÐĊÐīăÆďīĨďīĴÐĨķīĨďĮÐĮȘ

ZķīăÐŒÐăďåÌÐÅĴĊÌďĴìÐīťŘÐÌďÅăðæĴðďĊĮÆďķăÌȚ

■ ðĉĨÆĴďķīÅðăðĴřĴďďÅĴðĊÌÌðĴðďĊăåðĊĊÆðĊæĴďĮķĨĨďīĴ

ÆĨðĴăÐŘĨĊĮðďĊĨăĊĮĊÌåďīœďīāðĊæÆĨðĴăĊÌďĴìÐī

ĨķīĨďĮÐĮďĊÆÆÐĨĴÅăÐĴÐīĉĮďīĴăăț

■ ÌðŒÐīĴĮķÅĮĴĊĴðăÆĮìŦďœåīďĉďķīďĨÐīĴðďĊĮșÐŘÐÆķĴðďĊ

ďåďķīÆďĉĉÐīÆðăðĊðĴðĴðŒÐĮșĊÌÐŘĨĊĮðďĊĨăĊĮðĊďīÌÐīĴď

ĮÐīŒðÆÐďķīťŘÐÌďÅăðæĴðďĊĮț

■ īÐĪķðīÐķĮĴďðĊÆķīĉďīÐðĊĴÐīÐĮĴÐŘĨÐĊĮÐĴìĊœÐÆķīīÐĊĴăřÌď

ðåīĴÐĮœÐīÐĴďðĊÆīÐĮÐșĮðĊÆÐĨĨīďŘðĉĴÐăřǡɦďåďķīÌÐÅĴ

ìĮŦďĴðĊæðĊĴÐīÐĮĴīĴÐĮțĊÌ

■ ĨăÆÐķĮĴĨďĮĮðÅăÐÆďĉĨÐĴðĴðŒÐÌðĮÌŒĊĴæÐÆďĉĨīÐÌĴď

ăÐĮĮăÐŒÐīæÐÌÆďĉĨÐĴðĴďīĮĊÌÆďĉĨÐĴðĴďīĮœðĴìÅÐĴĴÐīÆÆÐĮĮ

ĴďÆĨðĴăīÐĮďķīÆÐĮďīĉďīÐåŒďīÅăÐťĊĊÆðĊæĴÐīĉĮȘ

ZķīÅðăðĴřĴďĉāÐĮÆìÐÌķăÐÌĨřĉÐĊĴĮďĊďķīÌÐÅĴĊÌďĴìÐī

ťŘÐÌďÅăðæĴðďĊĮœðăăÌÐĨÐĊÌďĊďķīåķĴķīÐďĨÐīĴðĊæĨÐīåďīĉĊÆÐ

ĊÌÆĮìŦďœĮșœìðÆìðĊĴķīĊœðăăÌÐĨÐĊÌďĊĨīÐŒðăðĊæÐÆďĊďĉðÆ

ĊÌĨďăðĴðÆăÆďĊÌðĴðďĊĮĊÌťĊĊÆðășÆďĉĨÐĴðĴðŒÐșīÐæķăĴďīřș

ÅķĮðĊÐĮĮĊÌďĴìÐīåÆĴďīĮșĉĊřďåœìðÆìīÐÅÐřďĊÌďķīÆďĊĴīďăȘ

ÐīÐĨīðĊÆðĨăăřÌÐĨÐĊÌÐĊĴķĨďĊďķīďĨÐīĴðĊæÆĮìŦďœĮĊÌ

ÆÆÐĮĮĴďĴìÐÆĨðĴăĉīāÐĴĮĴďåķĊÌďķīďĨÐīĴðďĊĮĊÌĴďĉāÐ

ĮÆìÐÌķăÐÌĨřĉÐĊĴĮďĊÌÐÅĴĊÌďĴìÐīåðŘÐÌďÅăðæĴðďĊĮȘÐ

ÆĊĊďĴĮĮķīÐĴìĴœÐœðăăÅÐÅăÐĴďæÐĊÐīĴÐĮķŨÆðÐĊĴÆĮì

ŦďœĮåīďĉďķīďĨÐīĴðďĊĮďīåīďĉÆĨðĴăĉīāÐĴÆĴðŒðĴðÐĮĴďĨř

ďķīÌÐÅĴĊÌďĴìÐīťŘÐÌďÅăðæĴðďĊĮĮĴìÐřÅÐÆďĉÐÌķÐȘAåœÐåðă

ĴďÌďĮďďķīÅķĮðĊÐĮĮÆďķăÌÅÐìīĉÐÌȘAåœÐīÐķĊÅăÐĴďĉāÐ

ĨřĉÐĊĴĮďĊďķīÌÐÅĴĊÌďĴìÐīťŘÐÌďÅăðæĴðďĊĮșœÐÆďķăÌÅÐ

åďīÆÐÌĴďīÐĊÐæďĴðĴÐĴìďĮÐďÅăðæĴðďĊĮďīĮÐÐāĴďďÅĴðĊÌÌðĴðďĊă

ÐĪķðĴřďīďĴìÐīåďīĉĮďåÌÌðĴðďĊăťĊĊÆðĊæȘĮÌÐĮÆīðÅÐÌðĊȵȰ

tðĮāĮtÐăĴÐÌĴďZķīTÐīæÐīœðĴìwĨðīðĴșȶĴìÐĮÐīðĮāĮīÐÐŘĨÐÆĴÐÌ

ĴďðĊĴÐĊĮðåřåďăăďœðĊæĴìÐÆďĊĮķĉĉĴðďĊďåďķīTÐīæÐīœðĴìwĨðīðĴȘ

ZķīăÐŒÐăďåðĊÌÐÅĴÐÌĊÐĮĮĉřăðĉðĴďķī

ÅðăðĴřĴďðĊÆķīÌÌðĴðďĊăÌÐÅĴĴďĉÐÐĴåķĴķīÐ

åðĊĊÆðĊæĊÐÐÌĮȘ

ÐĴřĨðÆăăřťĊĊÆÐďķīðīÆīåĴĴìīďķæìÐðĴìÐīĮÐÆķīÐÌÌÐÅĴș

ăÐĮÐťĊĊÆðĊæșďīĴìīďķæìÆĮìåīďĉďĨÐīĴðďĊĮȘ}ìÐðĉĨÆĴ

ďĊåðĊĊÆðăðĊĮĴðĴķĴðďĊĮåīďĉæăďÅăÐÆďĊďĉðÆÆďĊÌðĴðďĊĮș

33JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}A|

A}'TɁǠɁtAwN9}Ztw

ðĊÆăķÌðĊæZA#ȭǠǨșĉřÌŒÐīĮÐăřååÐÆĴĴìÐŒðăÅðăðĴřĊÌ

ÆďĮĴďåÆīÐÌðĴĴďLÐĴăķÐĮœÐăăĮĴďĨīďĮĨÐÆĴðŒÐĨķīÆìĮÐīĮďå

ďķīðīÆīåĴĮìďķăÌœÐķĊÌÐīĴāÐĴďĮÐăăðĊĴìÐåķĴķīÐșðĊÆăķÌðĊæ

ťĊĊÆðĊæÆďĉĉðĴĉÐĊĴĮœÐìŒÐăīÐÌřďÅĴðĊÐÌåďīĨķīÆìĮÐĮ

ďåĊÐœðīÆīåĴďīťĊĊÆðĊæďīīÐťĊĊÆðĊæďåÐŘðĮĴðĊæðīÆīåĴȘ

}ďĴìÐÐŘĴÐĊĴœÐťĊĊÆÐďķīÆĴðŒðĴðÐĮœðĴìÌÌðĴðďĊăÌÐÅĴșœÐ

ĉřÅÐÆďĉÐĮķÅþÐÆĴĴďťĊĊÆðăĊÌďĴìÐīÆďŒÐĊĊĴĮĴìĴĉř

īÐĮĴīðÆĴďķīÅðăðĴřĴďĨķīĮķÐďķīĮĴīĴÐæřďīďĴìÐīœðĮÐÆďĊĮĴīðĊ

our operations.

ZķīăðĪķðÌðĴřÆďķăÌÅÐÌŒÐīĮÐăřðĉĨÆĴÐÌ

ðĊĴìÐÐŒÐĊĴďĊÐďīĉďīÐďåďķīÆīÐÌðĴÆīÌ

ĨīďÆÐĮĮďīĮœÐīÐĴďðĉĨďĮÐĉĴÐīðăīÐĮÐīŒÐ

īÐĪķðīÐĉÐĊĴĮåďīĨřĉÐĊĴĮÌķÐĴďķĮåīďĉ

ÆīÐÌðĴÆīÌĴīĊĮÆĴðďĊĮȘ

ÐÆķīīÐĊĴăřìŒÐæīÐÐĉÐĊĴĮœðĴìďīæĊðšĴðďĊĮĴìĴĨīďÆÐĮĮ

ÆīÐÌðĴÆīÌĴīĊĮÆĴðďĊĮīðĮðĊæåīďĉĨķīÆìĮÐĮďåðīĴīŒÐă

ĴðÆāÐĴĮÅřďķīÆķĮĴďĉÐīĮȘīÐÌðĴÆīÌĨīďÆÐĮĮďīĮìŒÐťĊĊÆðă

īðĮāĮĮďÆðĴÐÌœðĴìĴðÆāÐĴĮĨķīÆìĮÐÌåďīĴīŒÐăœìðÆìÆĊďÆÆķī

ĮÐŒÐīăœÐÐāĮåĴÐīĴìÐĨķīÆìĮÐȘZķīÆīÐÌðĴÆīÌĨīďÆÐĮĮðĊæ

æīÐÐĉÐĊĴĮĨīďŒðÌÐåďīīÐĮÐīŒÐĮĴďÅÐÌÐĨďĮðĴÐÌœðĴì ĴìÐ

ĨīďÆÐĮĮďīðĊÆÐīĴðĊÆðīÆķĉĮĴĊÆÐĮȘÐÌďĊďĴÆķīīÐĊĴăřìŒÐ

īÐĮÐīŒÐĮĨďĮĴÐÌåďīďķīÆīÐÌðĴÆīÌĨīďÆÐĮĮďīĮȘAåÆðīÆķĉĮĴĊÆÐĮ

œÐīÐĴďďÆÆķīīÐĪķðīðĊæķĮĴďÌÐĨďĮðĴīÐĮÐīŒÐĮșĴìÐĊÐæĴðŒÐ

ðĉĨÆĴďĊďķīăðĪķðÌðĴřÆďķăÌÅÐĮðæĊðťÆĊĴœìðÆìÆďķăÌĉĴÐīðăăř

ÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮȘ

ÐīÐĮķÅþÐÆĴĴďÆÐīĴðĊīÐĮĴīðÆĴðďĊĮďĊďķī

ÅķĮðĊÐĮĮĮīÐĮķăĴďåďķīĨīĴðÆðĨĴðďĊðĊ

æďŒÐīĊĉÐĊĴăĨīďæīĉĮķĊÌÐīĴìÐt'w

ÆĴșĴìÐďĊĮďăðÌĴÐÌĨĨīďĨīðĴðďĊĮÆĴșĊÌ

ĴìÐɁĉÐīðÆĊtÐĮÆķÐqăĊÆĴȧÆďăăÐÆĴðŒÐăř

ĴìÐɁȵÆĴĮȶȨȘ

CARES ACT – PAYROLL SUPPORT PROGRAM

ĊÌÐīĴìÐt'wÆĴșĮĮðĮĴĊÆÐœĮĉÌÐŒðăÅăÐĴďĴìÐ

ŒðĴðďĊðĊÌķĮĴīřðĊĴìÐåďīĉďåÌðīÐÆĴĨřīďăăĮķĨĨďīĴȧĴìÐȵqřīďăă

wķĨĨďīĴqīďæīĉȶȨĊÌĮÐÆķīÐÌăďĊĮȧĴìÐȵOďĊqīďæīĉȶȨåīďĉ

ĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȧȵ}īÐĮķīřȶȨȘ

ZĊĨīðăǡǢșǡǟǡǟșœÐÐĊĴÐīÐÌðĊĴďqřīďăăwķĨĨďīĴqīďæīĉ

æīÐÐĉÐĊĴȧĴìÐȵqwqæīÐÐĉÐĊĴȶȨķĊÌÐīĴìÐt'wÆĴœðĴì

}īÐĮķīřæďŒÐīĊðĊæďķīĨīĴðÆðĨĴðďĊðĊĴìÐqřīďăăwķĨĨďīĴ

qīďæīĉȘĊÌÐīĴìÐqřīďăăwķĨĨďīĴqīďæīĉș}īÐĮķīřĨīďŒðÌÐÌ

ķĮœðĴìĴďĴăďåĨĨīďŘðĉĴÐăřɄǨǥǢĉðăăðďĊȧĴìÐȵqřīďăăwķĨĨďīĴ

qřĉÐĊĴĮȶȨÆďĊĮðĮĴðĊæďåɄǦǟǣĉðăăðďĊðĊæīĊĴĮĊÌɄǡǤǨĉðăăðďĊ

ðĊķĊĮÐÆķīÐÌĴÐīĉăďĊĮȘ}ìÐăďĊĮìŒÐǠǟȭřÐīĴÐīĉĊÌÅÐī

ðĊĴÐīÐĮĴďĊĴìÐĨīðĊÆðĨăĉďķĊĴďķĴĮĴĊÌðĊæĴĊĊĊķăīĴÐďå

ǠȘǟǟɦķĊĴðăĨīðăǡǢșǡǟǡǤșĊÌĴìÐĨĨăðÆÅăÐwÐÆķīÐÌZŒÐīĊðæìĴ

9ðĊĊÆðĊætĴÐȧȵwZ9tȶȨĨăķĮǡȘǟǟɦĴìÐīÐåĴÐīķĊĴðăĨīðăǡǢșǡǟǢǟȘ

}ìÐĨīðĊÆðĨăĉďķĊĴĉřÅÐīÐĨðÌĴĊřĴðĉÐĨīðďīĴďĉĴķīðĴř

ĴĨīȘĮĨīĴďåĴìÐæīÐÐĉÐĊĴșLÐĴăķÐðĮĮķÐÌĴď}īÐĮķīř

œīīĊĴĮĴďÆĪķðīÐĉďīÐĴìĊǡȘǦĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊ

ĮĴďÆāķĊÌÐīĴìÐĨīďæīĉĴĊÐŘÐīÆðĮÐĨīðÆÐďåɄǨȘǤǟĨÐīĮìīÐȘ

CARES ACT – SECURED LOAN PROGRAM

ĊÌÐīĴìÐt'wÆĴOďĊqīďæīĉșLÐĴăķÐìÌĴìÐÅðăðĴřĴď

ÅďīīďœķĨĴďĴďĴăďåĨĨīďŘðĉĴÐăřɄǠȘǨÅðăăðďĊåīďĉ}īÐĮķīřȘ

ÐÐĊĴÐīÐÌðĊĴďăďĊĊÌæķīĊĴÐÐæīÐÐĉÐĊĴȧĴìÐȵOďĊ

æīÐÐĉÐĊĴȶȨœðĴì}īÐĮķīřĊÌĉÌÐĊðĊðĴðăÌīœðĊæďåɄǠǠǤ

ĉðăăðďĊķĊÌÐīĴìÐOďĊæīÐÐĉÐĊĴďĊwÐĨĴÐĉÅÐīǡǨșǡǟǡǟȘAĊ

ÆďĊĊÐÆĴðďĊœðĴìĴìðĮðĊðĴðăÌīœðĊæșœÐÐĊĴÐīÐÌðĊĴďœīīĊĴ

æīÐÐĉÐĊĴœðĴì}īÐĮķīřșĨķīĮķĊĴ ĴďœìðÆì œÐðĮĮķÐÌĴď

}īÐĮķīřœīīĊĴĮĴďĨķīÆìĮÐĨĨīďŘðĉĴÐăřǠȘǡĉðăăðďĊĮìīÐĮ

ďåďķīÆďĉĉďĊĮĴďÆāĴĊÐŘÐīÆðĮÐĨīðÆÐďåɄǨȘǤǟĨÐīĮìīÐȘ

ZĊwÐĨĴÐĉÅÐīǠǤșǡǟǡǠșœÐīÐĨðÌĴìÐåķăăĉďķĊĴďåďķĴĮĴĊÌðĊæ

ÅďīīďœðĊæĮķĊÌÐīĴìÐOďĊæīÐÐĉÐĊĴșœìðÆìșĴďæÐĴìÐīœðĴì

ÆÆīķÐÌðĊĴÐīÐĮĴĊÌåÐÐĮșĴďĴăÐÌĨĨīďŘðĉĴÐăřɄǠǠǧɁĉðăăðďĊȘĮ

ďå#ÐÆÐĉÅÐīǢǠșǡǟǡǠșœÐÌðÌĊďĴìŒÐÅăĊÆÐďķĴĮĴĊÌðĊæĊÌ

ăăďÅăðæĴðďĊĮķĊÌÐīĴìÐOďĊæīÐÐĉÐĊĴșðĊÆăķÌðĊæăăĨăÐÌæÐĮ

ďåÆďăăĴÐīășœÐīÐĴÐīĉðĊĴÐÌðĊåķăăȘ

CONSOLIDATED APPROPRIATIONS ACT – PAYROLL SUPPORT

PROGRAM 2

ZĊLĊķīřǠǤșǡǟǡǠșœÐÐĊĴÐīÐÌðĊĴďqřīďăăwķĨĨďīĴqīďæīĉ

'ŘĴÐĊĮðďĊæīÐÐĉÐĊĴœðĴì}īÐĮķīřæďŒÐīĊðĊæďķīĨīĴðÆðĨĴðďĊ

ðĊĴìÐåÐÌÐīăqřīďăăwķĨĨďīĴqīďæīĉåďīĨĮĮÐĊæÐīðīÆīīðÐīĮ

ķĊÌÐīĴìÐĊðĴÐÌwĴĴÐĮďĊĮďăðÌĴÐÌĨĨīďĨīðĴðďĊĮÆĴșǡǟǡǠ

ȧĴìÐȵqřīďăăwķĨĨďīĴqīďæīĉǡȶȨȘ}īÐĮķīřĨīďŒðÌÐÌķĮœðĴìĴďĴă

ďåĨĨīďŘðĉĴÐăřɄǤǧǟĉðăăðďĊȧĴìÐȵqřīďăăwķĨĨďīĴǡqřĉÐĊĴĮȶȨ

ķĊÌÐīĴìÐĨīďæīĉșÆďĊĮðĮĴðĊæďåɄǣǢǥĉðăăðďĊðĊæīĊĴĮĊÌ

ɄǠǣǣĉðăăðďĊðĊķĊĮÐÆķīÐÌĴÐīĉăďĊĮșœðĴìåķĊÌðĊæīÐÆÐðŒÐÌďĊ

LĊķīřǠǤșǡǟǡǠșTīÆìǤșǡǟǡǠĊÌĨīðăǡǨșǡǟǡǠȘ}ìÐăďĊĮ

ìŒÐǠǟȭřÐīĴÐīĉĊÌÅÐīðĊĴÐīÐĮĴďĊĴìÐĨīðĊÆðĨăĉďķĊĴ

ďķĴĮĴĊÌðĊæĴĊĊĊķăīĴÐďåǠȘǟǟɦķĊĴðăLĊķīřǠǤșǡǟǡǥș

ĊÌĴìÐĨĨăðÆÅăÐwZ9tĨăķĮǡȘǟǟɦĴìÐīÐåĴÐīķĊĴðăLĊķīřǠǤș

ǡǟǢǠȘAĊÆďĊĮðÌÐīĴðďĊåďīĴìÐqřīďăăwķĨĨďīĴǡqřĉÐĊĴĮșœÐ

ðĮĮķÐÌœīīĊĴĮĴďĨķīÆìĮÐĨĨīďŘðĉĴÐăřǠȘǟĉðăăðďĊĮìīÐĮďå

ďķīÆďĉĉďĊĮĴďÆāĴď}īÐĮķīřĴĊÐŘÐīÆðĮÐĨīðÆÐďåɄǠǣȘǣǢĨÐī

ĮìīÐȘ

AMERICAN RESCUE PLAN ACT – PAYROLL SUPPORT

PROGRAM 3

ZĊTřǥșǡǟǡǠșœÐÐĊĴÐīÐÌðĊĴďqřīďăăwķĨĨďīĴǢæīÐÐĉÐĊĴ

œðĴì}īÐĮķīřæďŒÐīĊðĊæďķīĨīĴðÆðĨĴðďĊðĊĴìÐåÐÌÐīăĨřīďăă

ĮķĨĨďīĴĨīďæīĉåďīĨĮĮÐĊæÐīðīÆīīðÐīĮķĊÌÐīwÐÆĴðďĊǦǢǟǠ

ďåĴìÐĉÐīðÆĊtÐĮÆķÐqăĊÆĴďåǡǟǡǠȧĴìÐȵqřīďăăwķĨĨďīĴ

qīďæīĉǢȶȨȘ}īÐĮķīřĨīďŒðÌÐÌķĮœðĴìĴďĴăďåĨĨīďŘðĉĴÐăř

ɄǤǣǠɁĉðăăðďĊȧĴìÐȵqřīďăăwķĨĨďīĴǢqřĉÐĊĴĮȶȨķĊÌÐīĴìÐĨīďæīĉș

ÆďĊĮðĮĴðĊæďåɄǣǟǨɁĉðăăðďĊðĊæīĊĴĮĊÌɄǠǢǡɁĉðăăðďĊðĊķĊĮÐÆķīÐÌ

ĴÐīĉăďĊĮȘ}ìÐăďĊĮìŒÐǠǟȭřÐīĴÐīĉĊÌÅÐīðĊĴÐīÐĮĴďĊ

ĴìÐĨīðĊÆðĨăĉďķĊĴďķĴĮĴĊÌðĊæĴĊĊĊķăīĴÐďåǠȘǟǟɦķĊĴðă

TřɁǥșǡǟǡǥșĊÌĴìÐĨĨăðÆÅăÐwZ9tĨăķĮǡȘǟǟɦĴìÐīÐåĴÐīķĊĴðă

TřǥșǡǟǢǠȘAĊÆďĊĮðÌÐīĴðďĊåďīĴìÐqřīďăăwķĨĨďīĴǢqřĉÐĊĴĮș

œÐðĮĮķÐÌœīīĊĴĮĴďĨķīÆìĮÐĨĨīďŘðĉĴÐăřǟȘǦɁĉðăăðďĊ

ĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāĴď}īÐĮķīřĴĊÐŘÐīÆðĮÐĨīðÆÐďå

ɄǠǨȘǨǟɁĨÐīĮìīÐȘ

}ìÐœīīĊĴĮĮĮďÆðĴÐÌœðĴìÐÆìďåĴìÐĮķĨĨďīĴĨīďæīĉĮ

ÌÐĮÆīðÅÐÌÅďŒÐœðăăÐŘĨðīÐǤřÐīĮåĴÐīðĮĮķĊÆÐĊÌœðăăÅÐ

ÐŘÐīÆðĮÅăÐÐðĴìÐīĴìīďķæìĊÐĴÆĮìĮÐĴĴăÐĉÐĊĴďīĊÐĴĮìīÐ

ĮÐĴĴăÐĉÐĊĴșĴďķīďĨĴðďĊșðĊœìďăÐďīðĊĨīĴĴĊřĴðĉÐȘ

34 JETBLUE AIRWAYS CORPORATION |

2022

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qt}A |

A}'TɁǠɁtAwN9}Ztw

AĊÆÆďīÌĊÆÐœðĴìĊřæīĊĴĮĊÌȥďīăďĊĮīÐÆÐðŒÐÌķĊÌÐīĴìÐ

ÆĴĮșœÐīÐīÐĪķðīÐÌĴďÆďĉĨăřœðĴìĴìÐīÐăÐŒĊĴĨīďŒðĮðďĊĮďå

ĴìÐÆĴĮœìðÆìșĉďĊæďĴìÐīĴìðĊæĮșðĊÆăķÌÐĮĴìÐåďăăďœðĊæȚĴìÐ

īÐĪķðīÐĉÐĊĴĴďķĮÐĴìÐqřīďăăwķĨĨďīĴqřĉÐĊĴĮșĴìÐqřīďăă

wķĨĨďīĴǡ qřĉÐĊĴĮșĊÌĴìÐqřīďăăwķĨĨďīĴ Ǣ qřĉÐĊĴĮ

ÐŘÆăķĮðŒÐăřåďīĴìÐÆďĊĴðĊķĴðďĊďåĨřĉÐĊĴďåÆīÐœĉÐĉÅÐī

œæÐĮșĮăīðÐĮșĊÌÅÐĊÐťĴĮȘ}ìÐÆĴĮăĮďīÐĪķðīÐĮķÅþÐÆĴĴď

ŒīðďķĮĴðĉÐåīĉÐĮșÆÐīĴðĊăÐŒÐăĮďåÆďĉĉÐīÆðăðīĮÐīŒðÆÐ

ÅÐĉðĊĴðĊÐÌțĴìÐĨīďìðÅðĴðďĊĮďĊĮìīÐīÐĨķīÆìĮÐĮĊÌ

ĴìÐɁĨřĉÐĊĴďåÆďĉĉďĊĮĴďÆāÌðŒðÌÐĊÌĮțĊÌīÐĮĴīðÆĴðďĊĮďĊĴìÐ

ĨřĉÐĊĴďåÆÐīĴðĊÐŘÐÆķĴðŒÐÆďĉĨÐĊĮĴðďĊȘ

}ìÐĮķÅĮĴĊÆÐĊÌÌķīĴðďĊďåīÐĮĴīðÆĴðďĊĮĴďœìðÆìœÐīÐ

ĮķÅþÐÆĴķĊÌÐīĴìÐæīĊĴĮĊÌȥďīăďĊĮķĊÌÐīĴìÐÆĴĮșðĊÆăķÌðĊæș

ÅķĴĊďĴăðĉðĴÐÌĴďșĴìďĮÐďķĴăðĊÐÌÅďŒÐșœðăăĉĴÐīðăăřååÐÆĴďķī

ďĨÐīĴðďĊĮșĊÌœÐĉřĊďĴÅÐĮķÆÆÐĮĮåķăðĊĉĊæðĊæĴìÐĮÐ

ðĉĨÆĴĮȘ9ķīĴìÐīșĴìÐĮÐīÐĮĴīðÆĴðďĊĮÆďķăÌăðĉðĴďķīÅðăðĴřĴďĴāÐ

ÆĴðďĊĮĴìĴœÐďĴìÐīœðĮÐĉðæìĴìŒÐÌÐĴÐīĉðĊÐÌĴďÅÐðĊĴìÐ

ÅÐĮĴðĊĴÐīÐĮĴďåďķīďĉĨĊřĊÌďķīĮìīÐìďăÌÐīĮȘAĊĨīĴðÆķăīș

ăðĉðĴĴðďĊĮďĊÐŘÐÆķĴðŒÐÆďĉĨÐĊĮĴðďĊœìðÆìÆķīīÐĊĴăřșÌÐĨÐĊÌðĊæ

ďĊĴìÐåďīĉďåðÌșÐŘĴÐĊÌĴìīďķæìĨīðăǠșǡǟǡǢșĉřðĉĨÆĴďķī

ÅðăðĴřĴďĴĴīÆĴĊÌīÐĴðĊĮÐĊðďīĉĊæÐĉÐĊĴďīĴĴīÆĴďĴìÐī

āÐřÆīÐœĉÐĉÅÐīĮÌķīðĊæĴìðĮÆīðĴðÆăĴðĉÐȘÐÆĊĊďĴĨīÐÌðÆĴ

œìÐĴìÐīĴìÐĮĮðĮĴĊÆÐķĊÌÐīĊřďåĴìÐĮÐĨīďæīĉĮœðăăÅÐ

ÌÐĪķĴÐĴďĮķĨĨďīĴďķīÅķĮðĊÐĮĮåďīĴìÐÌķīĴðďĊďåĴìÐZA#ȭǠǨ

ĨĊÌÐĉðÆďīœìÐĴìÐīÌÌðĴðďĊăĮĮðĮĴĊÆÐœðăăÅÐīÐĪķðīÐÌďī

ŒðăÅăÐðĊĴìÐåķĴķīÐȘ

ÐìŒÐĮðæĊðåðÆĊĴĉďķĊĴďåðĊÌÐÅĴÐÌĊÐĮĮ

åīďĉåðŘÐÌďÅăðæĴðďĊĮĊÌĉřĮÐÐāĉĴÐīðă

ĉďķĊĴĮďåÌÌðĴðďĊăåðĊĊÆðăăðĪķðÌðĴřðĊ

ĴìÐĮìďīĴȭĴÐīĉșĊÌðĊĮķååðÆðÐĊĴăðĪķðÌðĴřĉř

ìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊďķīåðĊĊÆðă

ÆďĊÌðĴðďĊĊÌÅķĮðĊÐĮĮȘ

ÐìŒÐĮðæĊðåðÆĊĴ ĉďķĊĴ ďåðĊÌÐÅĴÐÌĊÐĮĮåīďĉåðŘÐÌ

ďÅăðæĴðďĊĮșðĊÆăķÌðĊæðīÆīåĴăÐĮÐĊÌÌÐÅĴťĊĊÆðĊæĮșăÐĮÐĮ

ďåðīĨďīĴĨīďĨÐīĴřșĮÐÆķīÐÌăďĊåÆðăðĴðÐĮĊÌďĴìÐīåÆðăðĴðÐĮșĊÌ

ďĴìÐīĉĴÐīðăÆĮìďÅăðæĴðďĊĮȘAĊÌÌðĴðďĊșœÐìŒÐĮķÅĮĴĊĴðă

ĊďĊȭÆĊÆÐăÅăÐÆďĉĉðĴĉÐĊĴĮåďīÆĨðĴăÐŘĨÐĊÌðĴķīÐĮșðĊÆăķÌðĊæ

åďīĴìÐÆĪķðĮðĴðďĊďåĊÐœðīÆīåĴĊÌīÐăĴÐÌĮĨīÐÐĊæðĊÐĮȘ

AĊÌÌðĴðďĊșðĊīÐĮĨďĊĮÐĴďĴìÐĴīŒÐăīÐĮĴīðÆĴðďĊĮșÌÐÆīÐĮÐÌ

ÌÐĉĊÌĊÌďĴìÐīÐååÐÆĴĮĴìÐZA#ȭǠǨĨĊÌÐĉðÆșœÐĮďķæìĴ

ĉĴÐīðăĉďķĊĴĮďåĮìďīĴȭĴÐīĉÌÌðĴðďĊăťĊĊÆðăăðĪķðÌðĴřðĊ

ǡǟǡǟĊÌǡǟǡǠȘAåĴìÐīÐðĮīÐĮķīæÐĊÆÐďåĴìÐÌŒÐīĮÐÐååÐÆĴĮ

ďĊďķīÅķĮðĊÐĮĮÆķĮÐÌÅřĴìÐZA#ȭǠǨĨĊÌÐĉðÆșĊÐœŒīðĊĴĮ

ďīĊÐœķĊīÐăĴÐÌŒðīķĮÐĮďīĨĊÌÐĉðÆĮœÐĉřÅÐīÐĪķðīÐÌĴď

æðĊĮÐÐāÌÌðĴðďĊăĮìďīĴȭĴÐīĉăðĪķðÌðĴřșœìðÆìĉřðĊÆăķÌÐ

ĴìÐðĮĮķĊÆÐďåÌÌðĴðďĊăķĊĮÐÆķīÐÌďīĮÐÆķīÐÌÌÐÅĴĮÐÆķīðĴðÐĮș

ÐĪķðĴřĮÐÆķīðĴðÐĮĊÌÐĪķðĴřȭăðĊāÐÌĮÐÆķīðĴðÐĮșĴìÐĮăÐďåĮĮÐĴĮș

ĴìÐÐĊĴīřðĊĴďĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮșĮœÐăăĮÌÌðĴðďĊă

ÅðăĴÐīăĊÌĮřĊÌðÆĴÐÌĮÐÆķīÐÌ ĊÌȥďī ķĊĮÐÆķīÐÌ ÆīÐÌðĴ

åÆðăðĴðÐĮșĉďĊæďĴìÐīðĴÐĉĮȘAåďķīÆīÐÌðĴīĴðĊæĮœÐīÐĴďÅÐ

ÌďœĊæīÌÐÌșďīæÐĊÐīăĉīāÐĴÆďĊÌðĴðďĊĮœÐīÐĴďĮÆīðÅÐìðæìÐī

īðĮāĴďďķīīĴðĊæăÐŒÐăĮșĴìÐðīăðĊÐðĊÌķĮĴīřșďīďķīÅķĮðĊÐĮĮș

ďķīÆÆÐĮĮĴďÆĨðĴăĊÌĴìÐÆďĮĴďåĊřÌÐÅĴťĊĊÆðĊæœďķăÌ

ÅÐĊÐæĴðŒÐăřååÐÆĴÐÌȘ}ìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĮĴďĴìÐ

ŒðăÅðăðĴřďåĊřĮķÆìťĊĊÆðĊæðåðĴÅÐÆďĉÐĮĊÐÆÐĮĮīřșďīĴìĴ

ĊřĮķÆìÌÌðĴðďĊăåðĊĊÆðĊæœðăăÅÐÆďĉĨăÐĴÐÌďĊåŒďīÅăÐ

terms.

ăĴìďķæìďķīÆĮìŦďœĮåīďĉďĨÐīĴðďĊĮĊÌŒðăÅăÐÆĨðĴăș

ðĊÆăķÌðĊæĴìÐĨīďÆÐÐÌĮåīďĉťĊĊÆðĊæĴīĊĮÆĴðďĊĮșìŒÐÅÐÐĊ

ĮķŨÆðÐĊĴĴďĉÐÐĴďķīďÅăðæĴðďĊĮĊÌÆďĉĉðĴĉÐĊĴĮĴďÌĴÐșďķī

ăðĪķðÌðĴřìĮÅÐÐĊșĊÌĉřðĊĴìÐåķĴķīÐÅÐșĊÐæĴðŒÐăřååÐÆĴÐÌ

ÅřĴìÐīðĮāåÆĴďīĮÌÐĮÆīðÅÐÌìÐīÐðĊȘAåďķīăðĪķðÌðĴřðĮĉĴÐīðăăř

ÌðĉðĊðĮìÐÌșœÐĉðæìĴĊďĴÅÐÅăÐĴďĴðĉÐăřĨřďķīăÐĮÐĮĊÌ

ÌÐÅĴĮďīÆďĉĨăřœðĴìÆÐīĴðĊďĨÐīĴðĊæĊÌťĊĊÆðăÆďŒÐĊĊĴĮ

ķĊÌÐīďķīťĊĊÆðĊæĊÌÆīÐÌðĴÆīÌĨīďÆÐĮĮðĊææīÐÐĉÐĊĴĮďī

œðĴìďĴìÐīĉĴÐīðăĨīďŒðĮðďĊĮďåďķīÆďĊĴīÆĴķăďÅăðæĴðďĊĮȘ

TďīÐďŒÐīșĮ īÐĮķăĴ ďåďķīīÐÆÐĊĴ åðĊĊÆðĊæÆĴðŒðĴðÐĮðĊ

īÐĮĨďĊĮÐĴďĴìÐZA#ȭǠǨĨĊÌÐĉðÆșĴìÐĊķĉÅÐīďåťĊĊÆðĊæĮ

ĊÌĴìÐææīÐæĴÐĉďķĊĴďåðĊÌÐÅĴÐÌĊÐĮĮœðĴìīÐĮĨÐÆĴĴďœìðÆì

ĮķÆìÆďŒÐĊĊĴĮĊÌĨīďŒðĮðďĊĮĨĨăřìĮðĊÆīÐĮÐÌșĴìÐīÐÅř

ĮķÅþÐÆĴðĊæķĮĴďĉďīÐĮķÅĮĴĊĴðăīðĮāďåÆīďĮĮȭÌÐåķăĴĊÌÆīďĮĮȭ

ÆÆÐăÐīĴðďĊðĊĴìÐÐŒÐĊĴďåÅīÐÆìșĊÌÌÌðĴðďĊăďĨÐīĴðĊæĊÌ

ťĊĊÆðăÆďŒÐĊĊĴĮÆďķăÌÅÐÆďĉÐÅðĊÌðĊæďĊķĮĮœÐÆďĊĴðĊķÐ

ĴďĮÐÐāÌÌðĴðďĊăăðĪķðÌðĴřȘ

AĊÌÌðĴðďĊșœÐìŒÐæīÐÐĉÐĊĴĮœðĴìťĊĊÆðăðĊĮĴðĴķĴðďĊĮĴìĴ

ĨīďÆÐĮĮÆķĮĴďĉÐīÆīÐÌðĴÆīÌĴīĊĮÆĴðďĊĮåďīĴìÐĮăÐďåðīĴīŒÐă

ĊÌďĴìÐīĮÐīŒðÆÐĮȘĊÌÐīÆÐīĴðĊďåďķīÆīÐÌðĴÆīÌĨīďÆÐĮĮðĊæ

æīÐÐĉÐĊĴĮșĴìÐťĊĊÆðăðĊĮĴðĴķĴðďĊĮðĊÆÐīĴðĊÆðīÆķĉĮĴĊÆÐĮ

ìŒÐĴìÐīðæìĴĴďīÐĪķðīÐĴìĴœÐĉðĊĴðĊīÐĮÐīŒÐÐĪķăĴď

ĨďīĴðďĊďåÌŒĊÆÐĴðÆāÐĴĮăÐĮĴìĴìŒÐÅÐÐĊĨīďÆÐĮĮÐÌÅřĴìĴ

ťĊĊÆðăðĊĮĴðĴķĴðďĊșÅķĴåďīœìðÆìœÐìŒÐĊďĴřÐĴĨīďŒðÌÐÌĴìÐ

ðīĴīĊĮĨďīĴĴðďĊȘwķÆìťĊĊÆðăðĊĮĴðĴķĴðďĊĮĉřīÐĪķðīÐÆĮì

ďīďĴìÐīÆďăăĴÐīăīÐĮÐīŒÐĮĴďÅÐÐĮĴÅăðĮìÐÌďīœðĴììďăÌðĊæďå

ĨřĉÐĊĴĮīÐăĴÐÌĴďīÐÆÐðŒÅăÐĮĴďÅÐÆďăăÐÆĴÐÌșðĊÆăķÌðĊæðåœÐ

ÌďĊďĴĉðĊĴðĊÆÐīĴðĊĉðĊðĉķĉăÐŒÐăĮďåķĊīÐĮĴīðÆĴÐÌÆĮìș

ÆĮìÐĪķðŒăÐĊĴĮșĊÌĮìďīĴȭĴÐīĉðĊŒÐĮĴĉÐĊĴĮȘAĊăðæìĴďåĴìÐ

ÐååÐÆĴZA#ȭǠǨðĮìŒðĊæďĊÌÐĉĊÌĊÌșðĊĴķīĊșÆĨÆðĴřșœÐ

ìŒÐĮÐÐĊĊðĊÆīÐĮÐðĊÌÐĉĊÌåīďĉÆďĊĮķĉÐīĮåďīīÐåķĊÌĮďĊ

ĴìÐðīĴðÆāÐĴĮșĊÌœÐĊĴðÆðĨĴÐĴìðĮœðăăÆďĊĴðĊķÐĴďÅÐĴìÐÆĮÐ

åďīĴìÐåďīÐĮÐÐÅăÐåķĴķīÐȘtÐåķĊÌĮăďœÐīďķīăðĪķðÌðĴřĊÌĨķĴ

ķĮĴīðĮāďåĴīðææÐīðĊæăðĪķðÌðĴřÆďŒÐĊĊĴĮðĊĴìÐĮÐĨīďÆÐĮĮðĊæ

æīÐÐĉÐĊĴĮĊÌșðĊÌďðĊæĮďșÆďķăÌåďīÆÐķĮĴďĨďĮĴÆĮìÆďăăĴÐīă

œðĴìĴìÐÆīÐÌðĴÆīÌÆďĉĨĊðÐĮåďīÌŒĊÆÐĴðÆāÐĴĮăÐĮȘÐăĮď

ĉðĊĴðĊÆÐīĴðĊðĊĮķīĊÆÐȭĊÌĮķīÐĴřȭīÐăĴÐÌæīÐÐĉÐĊĴĮķĊÌÐī

œìðÆìÆďķĊĴÐīĨīĴðÐĮĉřīÐĪķðīÐÆďăăĴÐīăȘwÐÐȵZķīăðĪķðÌðĴř

ÆďķăÌÅÐÌŒÐīĮÐăřðĉĨÆĴÐÌðĊĴìÐÐŒÐĊĴďĊÐďīĉďīÐďåďķīÆīÐÌðĴ

ÆīÌĨīďÆÐĮĮďīĮœÐīÐĴďðĉĨďĮÐĉĴÐīðăīÐĮÐīŒÐīÐĪķðīÐĉÐĊĴĮåďī

ĨřĉÐĊĴĮÌķÐĴďķĮåīďĉÆīÐÌðĴÆīÌĴīĊĮÆĴðďĊĮȘȶ

ZķīĮķÅĮĴĊĴðăăÐŒÐăďåðĊÌÐÅĴÐÌĊÐĮĮĊÌĊďĊȭðĊŒÐĮĴĉÐĊĴæīÌÐ

ÆīÐÌðĴīĴðĊæșĮœÐăăĮĉīāÐĴÆďĊÌðĴðďĊĮĊÌĴìÐŒðăÅðăðĴřďå

ĮĮÐĴĮĮÆďăăĴÐīăåďīăďĊĮďīďĴìÐīðĊÌÐÅĴÐÌĊÐĮĮșĴďæÐĴìÐī

œðĴìĴìÐÐååÐÆĴĴìÐZA#ȭǠǨĨĊÌÐĉðÆìĮìÌďĊĴìÐæăďÅă

ÐÆďĊďĉřæÐĊÐīăăřĊÌďĊķĮĊÌĴìÐðīĴīĊĮĨďīĴĴðďĊðĊÌķĮĴīř

ĮĨÐÆðťÆăăřșĉřĉāÐðĴÌðŨÆķăĴåďīķĮĴďīðĮÐÌÌðĴðďĊăÆĨðĴă

ðåĊÐÐÌÐÌĴďĉÐÐĴďķīăðĪķðÌðĴřĊÐÐÌĮďĊÆÆÐĨĴÅăÐĴÐīĉĮșďīĴ

ăăȘĮÌÐĮÆīðÅÐÌðĊȵȰtðĮāĮtÐăĴÐÌĴďZķīTÐīæÐīœðĴìwĨðīðĴșȶ

åďăăďœðĊæĴìÐÆďĊĮķĉĉĴðďĊďåďķīTÐīæÐīœðĴìwĨðīðĴșďķīÅðăðĴř

ĴďīðĮÐÌÌðĴðďĊăÆĨðĴăĴďĉÐÐĴďķīăðĪķðÌðĴřĊÐÐÌĮœðăăÅÐ

åķīĴìÐīÆìăăÐĊæÐÌȘ

35JETBLUE AIRWAYS CORPORATION |

2022

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A}'TɁǠɁtAwN9}Ztw

wÐÐȵqīĴAAȭAĴÐĉǦȘTĊæÐĉÐĊĴȸĮ#ðĮÆķĮĮðďĊĊÌĊăřĮðĮ

ďå9ðĊĊÆðă ďĊÌðĴðďĊ ĊÌtÐĮķăĴĮďå ZĨÐīĴðďĊĮȶďå ĴìðĮ

īÐĨďīĴåďīÌÌðĴðďĊăðĊåďīĉĴðďĊīÐæīÌðĊæďķīăðĪķðÌðĴřĮďå

#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡȘ

ÐĉřĊÐŒÐīīÐăðšÐĴìÐåķăăŒăķÐďåďķī

ðĊĴĊæðÅăÐĮĮÐĴĮďīďķīăďĊæȭăðŒÐÌĮĮÐĴĮ

ÆķĮðĊæķĮĴďīÐÆďīÌðĉĨðīĉÐĊĴĮĴìĴĉř

ĊÐæĴðŒÐăřååÐÆĴďķīåðĊĊÆðăÆďĊÌðĴðďĊĊÌ

ďĨÐīĴðĊæīÐĮķăĴĮȘ

AĊ ÆÆďīÌĊÆÐœðĴì ĨĨăðÆÅăÐ ÆÆďķĊĴðĊæ ĮĴĊÌīÌĮș œÐ

īÐīÐĪķðīÐÌĴďĴÐĮĴďķīðĊÌÐåðĊðĴÐȭăðŒÐÌðĊĴĊæðÅăÐĮĮÐĴĮåďī

ðĉĨðīĉÐĊĴďĊĊĊĊķăÅĮðĮșďīĉďīÐåīÐĪķÐĊĴăřœìÐīÐĴìÐīÐ

ðĮĊðĊÌðÆĴðďĊďåðĉĨðīĉÐĊĴȘAĊÌÌðĴðďĊșœÐīÐīÐĪķðīÐÌĴď

ĴÐĮĴÆÐīĴðĊďåďķīďĴìÐīĮĮÐĴĮåďīðĉĨðīĉÐĊĴœìÐīÐĴìÐīÐðĮ

ĊřðĊÌðÆĴðďĊĴìĴĊĮĮÐĴĉřÅÐðĉĨðīÐÌȘ

ÐĉřÅÐīÐĪķðīÐÌĴďīÐÆďæĊðšÐăďĮĮÐĮðĊĴìÐåķĴķīÐÌķÐĴďș

ĉďĊæďĴìÐīåÆĴďīĮșÐŘĴīÐĉÐåķÐăĨīðÆÐŒďăĴðăðĴřșĴðæìĴÆīÐÌðĴ

ĉīāÐĴĮșæďŒÐīĊĉÐĊĴīÐæķăĴďīřÆìĊæÐĮșÌÐÆăðĊÐðĊĴìÐåðīŒăķÐĮ

ďåÆÐīĴðĊĴĊæðÅăÐďīðĊĴĊæðÅăÐĮĮÐĴĮșĮķÆìĮðīÆīåĴșīďķĴÐ

ķĴìďīðĴðÐĮșðīĨďīĴĮăďĴĮĊÌåīÐĪķÐĊĴŦřÐīÌĴÅĮÐșķĊåŒďīÅăÐ

ĴīÐĊÌĮðĊìðĮĴďīðÆăďīåďīÐÆĮĴÐÌīÐĮķăĴĮďåďĨÐīĴðďĊĮĊÌÆĮì

ŦďœĮĊÌĊķĊÆÐīĴðĊÐÆďĊďĉðÆÐĊŒðīďĊĉÐĊĴșĮœÐăăĮďĴìÐī

ķĊÆÐīĴðĊĴðÐĮȘ9ďīÐŘĉĨăÐșÌķīðĊæĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐī

ǢǠșǡǟǡǡșœÐīÐÆďīÌÐÌɄǤǡĉðăăðďĊďåðĉĨðīĉÐĊĴīÐăĴÐÌĴďďķī

'ĉÅīÐī'ǠǨǟŦÐÐĴĴīĊĮðĴðďĊȘÐÆĊĨīďŒðÌÐĊďĮĮķīĊÆÐĴìĴ

ĉĴÐīðăðĉĨðīĉÐĊĴăďĮĮďåĴĊæðÅăÐďīðĊĴĊæðÅăÐĮĮÐĴĮœðăă

ĊďĴďÆÆķīðĊåķĴķīÐĨÐīðďÌȘ}ìÐŒăķÐďåďķīðīÆīåĴÆďķăÌăĮď

ÅÐðĉĨÆĴÐÌðĊåķĴķīÐĨÐīðďÌĮÅřÆìĊæÐĮðĊĮķĨĨăřĊÌÌÐĉĊÌ

åďīĴìÐĮÐðīÆīåĴȘwķÆìÆìĊæÐĮðĊĮķĨĨăřĊÌÌÐĉĊÌåďīÆÐīĴðĊ

ðīÆīåĴĴřĨÐĮÆďķăÌīÐĮķăĴåīďĉĴìÐæīďķĊÌðĊæďåðīÆīåĴȘåķīĴìÐī

ðĉĨðīĉÐĊĴăďĮĮÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊďķī

ťĊĊÆðăÆďĊÌðĴðďĊĊÌďĨÐīĴðĊæīÐĮķăĴĮȘ

Risks Associated with the Airline Industry

ÐÆďķăÌÅÐÌŒÐīĮÐăřååÐÆĴÐÌÅřĊďķĴÅīÐā

ďåÌðĮÐĮÐďīĊÐĊŒðīďĊĉÐĊĴăÌðĮĮĴÐīĴìĴ

ĮðæĊðåðÆĊĴăřååÐÆĴĮĴīŒÐăÅÐìŒðďīȘ

ĊřďķĴÅīÐāďåĊďĴìÐīÌðĮÐĮÐďīŒīðĊĴĮďåZA#ȭǠǨșœìðÆì

ååÐÆĴĴīŒÐăÅÐìŒðďīșĴīŒÐăÌÐĉĊÌșďīĴīŒÐăīÐĮĴīðÆĴðďĊĮșďī

ĮðĉðăīĨķÅăðÆìÐăĴìĴìīÐĴșďīåÐīďåĮķÆìĊÐŒÐĊĴÆďķăÌìŒÐ

ĉĴÐīðăÌŒÐīĮÐðĉĨÆĴďĊðīăðĊÐĮȘAĊÌÌðĴðďĊșďķĴÅīÐāĮďå

ÌðĮÐĮÐÆďķăÌīÐĮķăĴðĊĪķīĊĴðĊÐĮďåďķīĨÐīĮďĊĊÐășÅķĮðĊÐĮĮ

ĨīĴĊÐīĮĊÌĴìÐðīĮķĨĨăðÐīĮșďīĊðĊÅðăðĴřĴďÆÆÐĮĮåÆðăðĴðÐĮďī

ďķīðīÆīåĴșœìðÆìÆďķăÌÌŒÐīĮÐăřååÐÆĴďķīďĨÐīĴðďĊĮȘwðĉðăīăřș

ðåĊÐĊŒðīďĊĉÐĊĴăÌðĮĮĴÐīœÐīÐĴďďÆÆķīĊÌÌŒÐīĮÐăřðĉĨÆĴ

ĊřďåďķīÌÐĮĴðĊĴðďĊÆðĴðÐĮșĴīŒÐăÅÐìŒðďīÆďķăÌÅÐååÐÆĴÐÌĊÌ

ðĊĴķīĊșÆďķăÌĉĴÐīðăăřÌŒÐīĮÐăřðĉĨÆĴďķīÅķĮðĊÐĮĮșďĨÐīĴðĊæ

īÐĮķăĴĮșăðĪķðÌðĴřĊÌťĊĊÆðăÆďĊÌðĴðďĊȘ

ďĉĨăðĊÆÐœðĴìåķĴķīÐÐĊŒðīďĊĉÐĊĴă

īÐæķăĴðďĊĮĉřìīĉďķīÅķĮðĊÐĮĮȘ

TĊřĮĨÐÆĴĮďåðīăðĊÐĮȸďĨÐīĴðďĊĮīÐĮķÅþÐÆĴĴďðĊÆīÐĮðĊæăř

ĮĴīðĊæÐĊĴÐĊŒðīďĊĉÐĊĴăīÐæķăĴðďĊĮșĊÌæīďœðĊæÆďĊÆÐīĊĮÅďķĴ

ÆăðĉĴÐÆìĊæÐĉřīÐĮķăĴðĊĴìÐðĉĨďĮðĴðďĊďåÌÌðĴðďĊăīÐæķăĴðďĊȘ

wðĊÆÐĴìÐÌďĉÐĮĴðÆðīăðĊÐðĊÌķĮĴīřðĮðĊÆīÐĮðĊæăřĨīðÆÐĮÐĊĮðĴðŒÐș

œÐĉřĊďĴÅÐÅăÐĴďīÐÆďŒÐīĴìÐÆďĮĴďåÆďĉĨăðĊÆÐœðĴìĊÐœ

ďīĉďīÐĮĴīðĊæÐĊĴÐĊŒðīďĊĉÐĊĴăăœĮĊÌīÐæķăĴðďĊĮåīďĉďķī

ÆķĮĴďĉÐīĮșœìðÆìÆďķăÌÌŒÐīĮÐăřååÐÆĴďķīÅķĮðĊÐĮĮȘăĴìďķæì

œÐÌďĊȸĴÐŘĨÐÆĴĴìÐÆďĮĴĮďåÆďĉĨăřðĊæœðĴìÆķīīÐĊĴÐĊŒðīďĊĉÐĊĴă

īÐæķăĴðďĊĮœðăăìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊďķīťĊĊÆðă

ĨďĮðĴðďĊșīÐĮķăĴĮďåďĨÐīĴðďĊĮșďīÆĮìŦďœĮșĊďĮĮķīĊÆÐÆĊÅÐ

ĉÌÐĴìĴĴìÐÆďĮĴĮďåÆďĉĨăřðĊæœðĴìÐĊŒðīďĊĉÐĊĴăīÐæķăĴðďĊĮ

ðĊĴìÐåķĴķīÐœðăăĊďĴìŒÐĮķÆìĊÐååÐÆĴȘ

9ÐÌÐīăÅķÌæÐĴÆďĊĮĴīðĊĴĮďīåÐÌÐīăăř

ðĉĨďĮÐÌåķīăďķæìĮÌķÐĴďÅķÌæÐĴĊÐæďĴðĴðďĊ

ÌÐÌăďÆāĮĉřÌŒÐīĮÐăřååÐÆĴďķīðĊÌķĮĴīřș

ÅķĮðĊÐĮĮșīÐĮķăĴĮďåďĨÐīĴðďĊĮĊÌåðĊĊÆðă

ĨďĮðĴðďĊȘ

TĊřďåďķīðīăðĊÐďĨÐīĴðďĊĮīÐīÐæķăĴÐÌÅřæďŒÐīĊĉÐĊĴă

æÐĊÆðÐĮșðĊÆăķÌðĊæșÅķĴĊďĴăðĉðĴÐÌĴďșĴìÐ#Z}ș9șqșĊÌ

ĴìÐ}wȘAåĴìÐåÐÌÐīăæďŒÐīĊĉÐĊĴœÐīÐĴďÆďĊĴðĊķÐÐŘĨÐīðÐĊÆðĊæ

ðĮĮķÐĮðĊīÐÆìðĊæÅķÌæÐĴīřÆďĊĮÐĊĮķĮðĊĴìÐåķĴķīÐīÐĮķăĴðĊæ

ðĊĉĊÌĴďīřåķīăďķæìĮĊÌȥďīďĴìÐīÅķÌæÐĴÆďĊĮĴīðĊĴĮșďīðå

æďŒÐīĊĉÐĊĴĮìķĴÌďœĊœÐīÐĴďÆďĊĴðĊķÐåďīĊÐŘĴÐĊÌÐÌĨÐīðďÌďå

ĴðĉÐșďķīďĨÐīĴðďĊĮĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮÆďķăÌÅÐĉĴÐīðăăř

ĊÐæĴðŒÐăřðĉĨÆĴÐÌȘ}ìÐĴīŒÐăÅÐìŒðďīĮďåĴìÐŦřðĊæĨķÅăðÆ

ÆďķăÌăĮďÅÐååÐÆĴÐÌșœìðÆìĉřĉĴÐīðăăřÌŒÐīĮÐăřðĉĨÆĴ

ďķīðĊÌķĮĴīřĊÌďķīÅķĮðĊÐĮĮȘ

ÐĉřÅÐååÐÆĴÐÌÅřæăďÅăÆăðĉĴÐÆìĊæÐ

ďīÅřăÐæășīÐæķăĴďīřďīĉīāÐĴīÐĮĨďĊĮÐĮĴď

ĮķÆìÆìĊæÐȘ

ďĊÆÐīĊďŒÐīÆăðĉĴÐÆìĊæÐșðĊÆăķÌðĊæĴìÐðĉĨÆĴďåæăďÅă

œīĉðĊæșìĮăÐÌĴďĮðæĊðťÆĊĴȘwȘĊÌðĊĴÐīĊĴðďĊăăÐæðĮăĴðŒÐ

ĊÌīÐæķăĴďīřÐååďīĴĮĴďăðĉðĴ:>:ÐĉðĮĮðďĊĮșðĊÆăķÌðĊæďķī

ðīÆīåĴĊÌæīďķĊÌďĨÐīĴðďĊĮÐĉðĮĮðďĊĮȘAĊZÆĴďÅÐīǡǟǠǥșĴìÐ

AZĨĮĮÐÌīÐĮďăķĴðďĊÌďĨĴðĊæĴìÐīÅďĊZååĮÐĴĴðĊæĊÌ

tÐÌķÆĴðďĊwÆìÐĉÐåďīAĊĴÐīĊĴðďĊăŒðĴðďĊȧȵZtwAȶȨșœìðÆìðĮ

æăďÅășĉīāÐĴȭÅĮÐÌÐĉðĮĮðďĊĮďååĮÐĴĨīďæīĉĴďÐĊÆďķīæÐ

ÆīÅďĊȭĊÐķĴīăæīďœĴìÅÐřďĊÌ ǡǟǡǟȘ ĊĊķăðĊĴÐīĊĴðďĊă

ÐĉðĮĮðďĊĮīÐĨďīĴðĊæ ðĮīÐĪķðīÐÌŒð ZtwA ĮďåĴìÐǡǟǠǨ

īÐĨďīĴðĊæřÐīșĊÌďååĮÐĴĴðĊæÆďĉĨăðĊÆÐðĮĮÆìÐÌķăÐÌĴďÅÐ

ðĉĨăÐĉÐĊĴÐÌĴìīďķæìĉķăĴðĨăÐĨìĮÐĮÅÐæðĊĊðĊæðĊǡǟǡǠȘAĊǡǟǡǟș

36 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TɁǠɁtAwN9}Ztw

æðŒÐĊĴìÐðĉĨÆĴĮďåZA#ȭǠǨșœìðÆìÌīĉĴðÆăăřīÐÌķÆÐÌǡǟǡǟ

ÐĉðĮĮðďĊĮșAZæīÐÐÌĴìĴĴìÐÅĮÐăðĊÐåīďĉœìðÆìĴìÐðĊÌķĮĴīř

ÆìðÐŒÐĮÆīÅďĊĊÐķĴīăæīďœĴìœďķăÌÅÐåīďĉǡǟǠǨďĊăřșīĴìÐī

ĴìĊĊŒÐīæÐďåǡǟǠǨĊÌǡǟǡǟĮďīðæðĊăăřðĊĴÐĊÌÐÌȘAZ

ÆďĊĴðĊķÐĮĴďÌÐŒÐăďĨÌÐĴðăĮīÐæīÌðĊæðĉĨăÐĉÐĊĴĴðďĊșÅķĴœÐ

ÐŘĨÐÆĴÆďĉĨăðĊÆÐœðĴìZtwAœðăăðĊÆīÐĮÐďķīďĨÐīĴðĊæÆďĮĴĮȘ

AĊÌÌðĴðďĊșÆăðĉĴÐÆìĊæÐȭīÐăĴÐÌăðĴðæĴðďĊĊÌðĊŒÐĮĴðæĴðďĊĮ

ìŒÐðĊÆīÐĮÐÌðĊīÐÆÐĊĴřÐīĮĊÌĊřÆăðĉĮďīðĊŒÐĮĴðæĴðďĊĮ

æðĊĮĴķĮÆďķăÌÅÐÆďĮĴăřĴďÌÐåÐĊÌĊÌďķīÅķĮðĊÐĮĮÆďķăÌÅÐ

ÌŒÐīĮÐăřååÐÆĴÐÌÅřĴìÐďķĴÆďĉÐȘ

ìĊæÐĮðĊæďŒÐīĊĉÐĊĴīÐæķăĴðďĊĮðĉĨďĮðĊæ

ÌÌðĴðďĊăīÐĪķðīÐĉÐĊĴĮĊÌīÐĮĴīðÆĴðďĊĮďĊ

ďķīďĨÐīĴðďĊĮÆďķăÌðĊÆīÐĮÐďķīďĨÐīĴðĊæ

ÆďĮĴĮĊÌīÐĮķăĴðĊĮÐīŒðÆÐÌÐăřĮĊÌ

ÌðĮīķĨĴðďĊĮȘ

ðīăðĊÐĮīÐĮķÅþÐÆĴĴďÐŘĴÐĊĮðŒÐīÐæķăĴďīřĊÌăÐæăīÐĪķðīÐĉÐĊĴĮș

ÅďĴìÌďĉÐĮĴðÆăăřĊÌ ðĊĴÐīĊĴðďĊăăřș ðĊŒďăŒðĊæ ĮðæĊðåðÆĊĴ

ÆďĉĨăðĊÆÐÆďĮĴĮȘAĊĴìÐăĮĴĮÐŒÐīăřÐīĮșďĊæīÐĮĮìĮĨĮĮÐÌ

ăœĮșĊÌĴìÐæÐĊÆðÐĮďåĴìÐåÐÌÐīăæďŒÐīĊĉÐĊĴșðĊÆăķÌðĊæș

ÅķĴĊďĴăðĉðĴÐÌĴďșĴìÐ#Z}ș9șqșĊÌĴìÐ}wìŒÐðĮĮķÐÌ

īÐæķăĴðďĊĮīÐăĴðĊæĴďĴìÐďĨÐīĴðďĊďåðīăðĊÐĮĴìĴìŒÐīÐĪķðīÐÌ

ĮðæĊðťÆĊĴÐŘĨÐĊÌðĴķīÐĮȘÐÐŘĨÐÆĴĴďÆďĊĴðĊķÐĴďðĊÆķīÐŘĨÐĊĮÐĮ

ðĊÆďĊĊÐÆĴðďĊœðĴìÆďĉĨăřðĊæœðĴìæďŒÐīĊĉÐĊĴīÐæķăĴðďĊĮȘ

ÌÌðĴðďĊăăœĮðĊÆăķÌðĊæÐŘÐÆķĴðŒÐďīÌÐīĮșīÐæķăĴðďĊĮșĴŘÐĮșĊÌ

ðīĨďīĴīĴÐĮĊÌÆìīæÐĮìŒÐÅÐÐĊĨīďĨďĮÐÌåīďĉĴðĉÐĴďĴðĉÐ

ĴìĴÆďķăÌĮðæĊðťÆĊĴăřðĊÆīÐĮÐĴìÐÆďĮĴďåðīăðĊÐďĨÐīĴðďĊĮďī

īÐÌķÆÐĴìÐÌÐĉĊÌåďīðīĴīŒÐăȘAåÌďĨĴÐÌďīĉĴÐīðăăřĉÐĊÌÐÌș

ĴìÐĮÐĉÐĮķīÐĮÆďķăÌìŒÐĴìÐÐååÐÆĴďåīðĮðĊæĴðÆāÐĴĨīðÆÐĮ

ååÐÆĴðĊæĴìÐĨÐīÆÐĨĴðďĊďåĴìÐðīăðĊÐðĊÌķĮĴīřșīÐÌķÆðĊæðīĴīŒÐă

ÌÐĉĊÌĊÌȥďīīÐŒÐĊķÐșĊÌðĊÆīÐĮðĊæÆďĮĴĮȘÐÆĊĊďĴĮĮķīÐ

řďķĴìÐĮÐĊÌďĴìÐīăœĮðĊÆăķÌðĊæÐŘÐÆķĴðŒÐďīÌÐīĮșīÐæķăĴðďĊĮș

ďīĴŘÐĮÐĊÆĴÐÌðĊĴìÐåķĴķīÐœðăăĊďĴìīĉďķīÅķĮðĊÐĮĮȘ

AĊÌÌðĴðďĊșĴìÐȘwȘ'ĊŒðīďĊĉÐĊĴăqīďĴÐÆĴðďĊæÐĊÆřșďī'qș

ìĮĨīďĨďĮÐÌÆìĊæÐĮĴďķĊÌÐīæīďķĊÌĮĴďīæÐĴĊāīÐæķăĴðďĊĮ

ĴìĴÆďķăÌååÐÆĴÆÐīĴðĊðīĨďīĴåķÐăìřÌīĊĴĮřĮĴÐĉĮȘAĊÌÌðĴðďĊ

ĴďĴìÐĨīďĨďĮÐÌ'qĊÌĮĴĴÐīÐæķăĴðďĊĮșĮÐŒÐīăȘwȘðīĨďīĴ

ķĴìďīðĴðÐĮīÐÆĴðŒÐăřÐĊææÐÌðĊÐååďīĴĮĴďăðĉðĴÌðĮÆìīæÐĮďå

ÌÐȭðÆðĊæŦķðÌĴďăďÆăæīďķĊÌœĴÐīșďåĴÐĊÅřīÐĪķðīðĊæðīăðĊÐĮĴď

ĨīĴðÆðĨĴÐðĊĴìÐÅķðăÌðĊæďīīÐÆďĊťæķīðĊæďåðīĨďīĴÌÐȭðÆðĊæ

facilities.

åķĴķīÐÆĴďåĴÐīīďīðĮĉșĴìÐĴìīÐĴďåĮķÆì

ÆĴĮďīÐĮÆăĴðďĊďåȘwȘĉðăðĴīřðĊŒďăŒÐĉÐĊĴ

ďŒÐīĮÐĮÆďķăÌÌŒÐīĮÐăřååÐÆĴďķīðĊÌķĮĴīřȘ

ÆĴĮďåĴÐīīďīðĮĉșĴìÐĴìīÐĴďåĮķÆìÆĴĮďīÐĮÆăĴðďĊďåȘwȘ

ĉðăðĴīřðĊŒďăŒÐĉÐĊĴďŒÐīĮÐĮÆďķăÌìŒÐĊÌŒÐīĮÐÐååÐÆĴďĊĴìÐ

ðīăðĊÐðĊÌķĮĴīřȘAĊĴìÐÐŒÐĊĴďåĊÆĴďåĴÐīīďīðĮĉșœìÐĴìÐīďīĊďĴ

ĮķÆÆÐĮĮåķășĴìÐðīăðĊÐðĊÌķĮĴīřœďķăÌăðāÐăřÐŘĨÐīðÐĊÆÐðĊÆīÐĮÐÌ

ĮÐÆķīðĴřīÐĪķðīÐĉÐĊĴĮĊÌĮðæĊðťÆĊĴăřīÐÌķÆÐÌÌÐĉĊÌȘÐ

ÆĊĊďĴĮĮķīÐřďķĴìÐĮÐÆĴðďĊĮșďīÆďĊĮÐĪķÐĊÆÐĮīÐĮķăĴðĊæåīďĉ

ĴìÐĮÐÆĴðďĊĮșœðăăĊďĴìīĉďķīÅķĮðĊÐĮĮďīĴìÐðĊÌķĮĴīřȘ

}ìÐðīăðĊÐðĊÌķĮĴīřðĮĨīĴðÆķăīăřĮÐĊĮðĴðŒÐĴď

ÆìĊæÐĮðĊÐÆďĊďĉðÆÆďĊÌðĴðďĊĮȘ

9ķĊÌĉÐĊĴăĊÌĨÐīĉĊÐĊĴÆìĊæÐĮðĊĴìÐÌďĉÐĮĴðÆðīăðĊÐ

ðĊÌķĮĴīřìŒÐďÆÆķīīÐÌďŒÐīĴðĉÐĮīÐĮķăĴďåĮÐŒÐīăřÐīĮďå

īÐĨÐĴÐÌăďĮĮÐĮșĉďĊæďĴìÐīīÐĮďĊĮȘ}ìÐĮÐăďĮĮÐĮīÐĮķăĴÐÌ

ðĊðīăðĊÐĮīÐĊÐæďĴðĴðĊæďīĴĴÐĉĨĴðĊæĴďīÐĊÐæďĴðĴÐăÅďī

ÆďĊĴīÆĴĮșīÐÆďĊåðæķīðĊæ åăðæìĴĮÆìÐÌķăÐĮșåķīăďķæìðĊæș ďī

ĴÐīĉðĊĴðĊæÆīÐœĉÐĉÅÐīĮșĮœÐăăĮÆďĊĮðÌÐīðĊæďĴìÐīÐŨÆðÐĊÆř

ĊÌÆďĮĴȭÆķĴĴðĊæĉÐĮķīÐĮȘ#ÐĮĨðĴÐĴìÐĮÐÆĴðďĊĮșĮÐŒÐīăðīăðĊÐĮ

ìŒÐīÐďīæĊðšÐÌķĊÌÐīìĨĴÐīǠǠďåĴìÐȘwȘĊāīķĨĴÆřďÌÐ

ĴďĨÐīĉðĴĴìÐĉĴďīÐÌķÆÐăÅďīīĴÐĮșīÐĮĴīķÆĴķīÐÌÐÅĴșĴÐīĉðĊĴÐ

ĨÐĊĮðďĊĨăĊĮșĊÌæÐĊÐīăăřīÐÌķÆÐĴìÐðīÆďĮĴĮĴīķÆĴķīÐȘwðĊÆÐ

ǡǟǟǤșĴìÐȘwȘðīăðĊÐðĊÌķĮĴīřìĮÐŘĨÐīðÐĊÆÐÌĮðæĊðåðÆĊĴ

ÆďĊĮďăðÌĴðďĊĊÌăðĪķðÌĴðďĊĮȘæăďÅăÐÆďĊďĉðÆīÐÆÐĮĮðďĊĊÌ

īÐăĴÐÌķĊåŒďīÅăÐæÐĊÐīăÐÆďĊďĉðÆÆďĊÌðĴðďĊĮșĮķÆìĮìðæìÐī

ķĊÐĉĨăďřĉÐĊĴīĴÐĮșÆďĊĮĴīðĊÐÌÆīÐÌðĴĉīāÐĴșìďķĮðĊæȭ

īÐăĴÐÌĨīÐĮĮķīÐĮșĊÌðĊÆīÐĮÐÌÅķĮðĊÐĮĮďĨÐīĴðĊæÆďĮĴĮÆĊ

īÐÌķÆÐĮĨÐĊÌðĊæåďīÅďĴìăÐðĮķīÐĊÌÅķĮðĊÐĮĮĴīŒÐăȘĊåŒďīÅăÐ

ÐÆďĊďĉðÆÆďĊÌðĴðďĊĮÆďķăÌăĮďðĉĨÆĴĊðīăðĊÐȸĮÅðăðĴřĴď

īðĮÐåīÐĮĴďÆďķĊĴÐīÆĴðĊÆīÐĮÐÌåķÐășăÅďīșĊÌďĴìÐīÆďĮĴĮȘ

AĴðĮĨďĮĮðÅăÐĴìĴåķīĴìÐīðīăðĊÐīÐďīæĊðšĴðďĊĮșÆďĊĮďăðÌĴðďĊș

ÅĊāīķĨĴÆðÐĮșďīăðĪķðÌĴðďĊĮĉřďÆÆķīðĊĴìÐÆķīīÐĊĴæăďÅă

ÐÆďĊďĉðÆÐĊŒðīďĊĉÐĊĴșĴìÐÐååÐÆĴĮďåœìðÆìœÐīÐķĊÅăÐĴď

ĨīÐÌðÆĴȘÐÆĊĊďĴĮĮķīÐřďķĴìÐďÆÆķīīÐĊÆÐďåĴìÐĮÐÐŒÐĊĴĮș

ďīĨďĴÐĊĴðăÆìĊæÐĮīÐĮķăĴðĊæåīďĉĴìÐĮÐÐŒÐĊĴĮșœðăăĊďĴìīĉ

ďķīÅķĮðĊÐĮĮďīĴìÐðĊÌķĮĴīřȘ

tÐÆÐĊĴăřșĴìÐæăďÅăÆīÐÌðĴĊÌťĊĊÆðăĉīāÐĴĮìŒÐÐŘĨÐīðÐĊÆÐÌ

ÐŘĴīÐĉÐŒďăĴðăðĴřĊÌÌðĮīķĨĴðďĊĮșðĊÆăķÌðĊæĮÐŒÐīÐăřÌðĉðĊðĮìÐÌ

ăðĪķðÌðĴřĊÌÆīÐÌðĴŒðăÅðăðĴřșÌÐÆăðĊÐĮðĊÆďĊĮķĉÐīÆďĊťÌÐĊÆÐș

ÌÐÆăðĊÐĮðĊÐÆďĊďĉðÆæīďœĴìșðĊÆīÐĮÐĮðĊķĊÐĉĨăďřĉÐĊĴīĴÐĮ

ĊÌķĊÆÐīĴðĊĴřÅďķĴÐÆďĊďĉðÆĮĴÅðăðĴřȘ}ìÐťĊĊÆðăĉīāÐĴĮ

ĊÌĴìÐæăďÅăÐÆďĊďĉřĉřăĮďÅÐÌŒÐīĮÐăřååÐÆĴÐÌÅřĴìÐ

ÆķīīÐĊĴďīĊĴðÆðĨĴÐÌðĉĨÆĴďåĉðăðĴīřÆďĊåăðÆĴșðĊÆăķÌðĊæ

ĴìÐÆďĊåăðÆĴÅÐĴœÐÐĊtķĮĮðĊÌāīðĊÐșĴÐīīďīðĮĉďīďĴìÐī

æÐďĨďăðĴðÆăÐŒÐĊĴĮȘwĊÆĴðďĊĮðĉĨďĮÐÌÅřĴìÐĊðĴÐÌwĴĴÐĮ

ĊÌďĴìÐīÆďķĊĴīðÐĮðĊīÐĮĨďĊĮÐĴďĮķÆìÆďĊŦðÆĴĮșðĊÆăķÌðĊæĴìÐ

ďĊÐðĊāīðĊÐșĉřăĮďÌŒÐīĮÐăřðĉĨÆĴĴìÐťĊĊÆðăĉīāÐĴĮ

ĊÌĴìÐæăďÅăÐÆďĊďĉřșĊÌĊřÐÆďĊďĉðÆÆďķĊĴÐīĉÐĮķīÐĮÅř

ĴìÐååÐÆĴÐÌÆďķĊĴīðÐĮďīďĴìÐīĮÆďķăÌÐŘÆÐīÅĴÐĉīāÐĴĊÌ

ÐÆďĊďĉðÆðĊĮĴÅðăðĴřȘ}ìÐīÐÆĊÅÐĊďĮĮķīĊÆÐĴìĴåķīĴìÐī

ÌÐĴÐīðďīĴðďĊðĊÆīÐÌðĴĊÌťĊĊÆðăĉīāÐĴĮĊÌÆďĊťÌÐĊÆÐðĊ

ÐÆďĊďĉðÆÆďĊÌðĴðďĊĮœðăăĊďĴďÆÆķīȘ

9ķīĴìÐīĉďīÐșĴìÐĊðĴÐÌwĴĴÐĮÐÆďĊďĉřīÐÆÐĊĴăřÐĊÆďķĊĴÐīÐÌ

ĉĴÐīðăăÐŒÐăďåðĊŦĴðďĊȘ}ìÐðĉĨÆĴďåZA#ȭǠǨșæÐďĨďăðĴðÆă

ÌÐŒÐăďĨĉÐĊĴĮĮķÆìĮĴìÐtķĮĮðȭāīðĊÐÆďĊŦðÆĴĊÌæăďÅă

ĮķĨĨăřÆìðĊÌðĮīķĨĴðďĊĮÆďĊĴðĊķÐĴďðĊÆīÐĮÐķĊÆÐīĴðĊĴřðĊĴìÐ

ďķĴăďďāďåĊÐīȭĴÐīĉĊÌăďĊæȭĴÐīĉÐÆďĊďĉðÆÆĴðŒðĴřșðĊÆăķÌðĊæ

œìÐĴìÐīðĊŦĴðďĊœðăăÆďĊĴðĊķÐĊÌìďœăďĊæșĊÌĴœìĴīĴÐȘ

AĊÆīÐĮÐĮðĊðĊåăĴðďĊīðĮÐďķīÆďĮĴĮåďīăÅďīșĉĴÐīðăĮĊÌ

ĮÐīŒðÆÐĮșĊÌďĴìÐīÆďĮĴĮīÐĪķðīÐÌĴďďĨÐīĴÐďķīÅķĮðĊÐĮĮșĊÌ

åðăķīÐĴďĮÐÆķīÐĴìÐĮÐďĊīÐĮďĊÅăÐĴÐīĉĮĉřÌŒÐīĮÐăřðĉĨÆĴ

ďķīťĊĊÆðăÆďĊÌðĴðďĊȘ

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}ìÐīÐÆÐĊĴðĉĨăÐĉÐĊĴĴðďĊďåǤ:œðīÐăÐĮĮ

ĴÐÆìĊďăďæřĊÐīĴìÐðīĨďīĴĮĴďœìðÆìœÐ

ďĨÐīĴÐÆďķăÌìŒÐĊÌŒÐīĮÐÐååÐÆĴďĊďķī

ÆďĊĴðĊķÐÌĮåÐďĨÐīĴðďĊĮȘ

AĊĴìÐĊðĴÐÌwĴĴÐĮșĴœďĉþďīĴÐăÐÆďĉĨīďŒðÌÐīĮÆĴðŒĴÐÌǤ:

ĮÐīŒðÆÐĮÆīďĮĮǣǥĉīāÐĴĮďĊLĊķīřǠǨșǡǟǡǡķĮðĊæåīÐĪķÐĊÆðÐĮ

ðĊīÌðďĮĨÐÆĴīķĉÆăăÐÌĴìÐȭÅĊÌȘ}ìÐĮÐǤ:åīÐĪķÐĊÆðÐĮĉř

ðĊĴÐīåÐīÐœðĴìīÌðďăĴðĉÐĴÐīĮďĊďķīðīÆīåĴȘZŒÐīĴìÐăĮĴřÐīș

œÐìŒÐĮÐÐĊďĴìÐīĴÐăÐÆďĉĨīďŒðÌÐīĮÅÐæðĊďĨÐīĴðĊæðĊĴìÐ

ĮĉÐǤ:ĮĨÐÆĴīķĉșÐŘĨĊÌðĊæĴìÐīÐĮðĉĨÆĴÐÌĴďðĊÆăķÌÐ

ăĉďĮĴĴìÐÐĊĴðīÐĴřďåĴìÐÆďĊĴðĊÐĊĴăĊðĴÐÌwĴĴÐĮȘÐÆķĮÐ

ĴìÐǤ:ÌÐĨăďřĉÐĊĴðĊŒďăŒÐĮĊÐœÆďĉÅðĊĴðďĊďåĨďœÐīăÐŒÐăĮș

åīÐĪķÐĊÆðÐĮșĨīďŘðĉðĴřĴďŦðæìĴďĨÐīĴðďĊĮșĊÌďĴìÐīåÆĴďīĮșœÐ

ìŒÐÅÐÐĊœďīāðĊæœðĴìĴìÐ9șĊÌĴìīďķæìĴìÐ9șĴìÐĴÐăÐÆďĉ

ĨīďŒðÌÐīĮșĴďĉďĊðĴďīĴìÐÌÐĨăďřĉÐĊĴĊÌĴìÐÆďīīÐĮĨďĊÌðĊæðĉĨÆĴ

ďĊďķīðīÆīåĴȘìÐīÐĴÐÆìĊðÆăĮďăķĴðďĊĮÐŘðĮĴșœÐīÐĉāðĊæ

ĴìÐĊÐÆÐĮĮīřĉďÌðťÆĴðďĊĮĴďďķīðīÆīåĴĊÌīÐÆďĉĉðĴĴÐÌĴď

åķĴķīÐðĊŒÐĮĴĉÐĊĴĮĉďīÐīďÅķĮĴÐĪķðĨĉÐĊĴðĮŒðăÅăÐȘðīÆīåĴ

ĊÌÐĪķðĨĉÐĊĴĉĊķåÆĴķīÐīĮÆďĊĴðĊķÐĴďĮĴīķææăÐĴďĨīďŒðÌÐ

ĴÐÆìĊðÆăĮďăķĴðďĊĮĴďÌÌīÐĮĮĴìÐĨďĴÐĊĴðăīðĮāĮșœìðÆìÆďķăÌ

īÐĮķăĴðĊĊðĊÆīÐĮÐĴďĴìÐĨďĴÐĊĴðăďĨÐīĴðďĊăīðĮāĴďĨďīĴðďĊ

ďåďķīŦÐÐĴȘÐīÐÆăďĮÐăřĉďĊðĴďīðĊæĊřďĨÐīĴðďĊăīÐĮĴīðÆĴðďĊĮ

ĨăÆÐÌďĊďķīðīÆīåĴÅřĴìÐ9ĮīÐĮķăĴďåĴìðĮǤ:ÌÐĨăďřĉÐĊĴȘ

}ìÐĮÐīÐĮĴīðÆĴðďĊĮÆďķăÌååÐÆĴďķīŦðæìĴĮÆìÐÌķăÐĮĊÌďĨÐīĴðďĊĮș

œìðÆìÆďķăÌìŒÐĉĴÐīðăÌŒÐīĮÐðĉĨÆĴďĊďķīÅķĮðĊÐĮĮ

ĊÌďĨÐīĴðďĊăīÐăðÅðăðĴřȘ}ìÐ9ðĮœďīāðĊæœðĴìĴìÐ9ÐÌÐīă

ďĉĉķĊðÆĴðďĊĮďĉĉðĮĮðďĊșĴìÐĴÐăÐÆďĉĨīďŒðÌÐīĮșĊÌðīăðĊÐĮ

ÆīďĮĮĴìÐĊðĴÐÌwĴĴÐĮĴďīÐÌķÆÐÐååÐÆĴĮďåĴìðĮÌðĮīķĨĴðďĊȘÐ

ÆĊĊďĴĮĮķīÐřďķĴìĴĴìÐðĉĨÆĴďåĴìÐǤ:ÌÐĨăďřĉÐĊĴœðăăĊďĴ

ÆķĮÐķĊÌķÐÌðĮīķĨĴðďĊĮĴďďķīďĨÐīĴðďĊĮȘ

A}'TɁǠ UNRESOLVED STAFF COMMENTS

None.

38 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TɁǠɁtAwN9}Ztw

A}'TɁǡ PROPERTIES

Aircraft

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșœÐďĨÐīĴÐÌŦÐÐĴÆďĊĮðĮĴðĊæďåǠǣðīÅķĮǡǡǟðīÆīåĴșǠǢǟðīÅķĮǢǡǟðīÆīåĴșǥǢðīÅķĮǢǡǠðīÆīåĴș

ǡǢðīÅķĮǢǡǠĊÐďðīÆīåĴșĊÌǥǟ'ĉÅīÐī'ǠǨǟðīÆīåĴĮĮķĉĉīðšÐÌÅÐăďœȚ

Aircraft Seating Capacity Owned

(4)

Operating Leased Total

Average Age in

Years

ðīÅķĮǡǡǟ Ǡǣǟ  Ǡǣ — Ǡǣ ǠȘǠ

ðīÅķĮǢǡǟ ǠǥǡȥǠǤǟ

ȧǠȨ

Ǩǧ Ǣǡ ǠǢǟ ǠǦȘǢ

ðīÅķĮǢǡǠ ǡǟǟȥǠǤǨ

ȧǡȨ

ǥǢ — ǥǢ ǥȘǥ

ðīÅķĮǢǡǠĊÐď ǡǟǟȥǠǥǟȥǠǢǧ

ȧǢȨ

ǡǢ — ǡǢ ǠȘǨ

'ĉÅīÐī'ǠǨǟ Ǡǟǟ Ǣǟ Ǣǟ ǥǟ ǠǣȘǢ

228 62 290 12.4

(1) Our Airbus A320 with a restyled cabin configuration has a seating capacity of 162 seats. Our Airbus A320 with a classic cabin configuration has a seating capacity of

ǠǤǟɁĮÐĴĮȘ

(2) Our Airbus A321 with a single cabin layout has a seating capacity of 200 seats. Our Airbus A321 with Mint® premium service has a seating capacity of 159 seats.

(3) Our Airbus A321neo with a single cabin layout has a seating capacity of 200 seats. Our Airbus A321neo with Mint® premium service has a seating capacity of 160 seats. The

long range version of our A321neo with Mint® premium service has a seating capacity of 138 seats.

(4) Total owned aircraft include aircraft associated with sale-leaseback transactions that did not qualify as sales for accounting purposes.

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșďķīðīÆīåĴăÐĮÐĮìÌĊŒÐīæÐ

īÐĉðĊðĊæĴÐīĉďåĨĨīďŘðĉĴÐăřǡȘǢřÐīĮșœðĴìÐŘĨðīĴðďĊÌĴÐĮ

ÅÐĴœÐÐĊǡǟǡǢĊÌǡǟǢǡȘÐìŒÐĴìÐďĨĴðďĊĴďÐŘĴÐĊÌĉďĮĴďå

ĴìÐĮÐăÐĮÐĮåďīÌÌðĴðďĊăĨÐīðďÌĮďīĴďĨķīÆìĮÐĴìÐðīÆīåĴĴ

ĴìÐÐĊÌďåĴìÐīÐăĴÐÌăÐĮÐĴÐīĉȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșďĨĴðďĊĮåďīǡǟÌÌðĴðďĊăǡǡǟȭǢǟǟ

ðīÆīåĴÌÐăðŒÐīðÐĮīÐĉðĊŒðăÅăÐĴďķĮĊÌœÐīÐĴðĊĴìÐ

åăÐŘðÅðăðĴřĴďÆďĊŒÐīĴÆÐīĴðĊðīÆīåĴĴďĴìÐǡǡǟȭǠǟǟĉďÌÐăȘ

ďĴìĉÐĉÅÐīĮďåĴìÐǡǡǟåĉðăřĮìīÐÆďĉĉďĊăðĴřðĊĉďīÐ

ĴìĊǨǨɁĨÐīÆÐĊĴďåĴìÐðīīÐĨăÆÐÅăÐĨīĴĮĊÌķĴðăðšÐĴìÐĮĉÐ

åĉðăřďåÐĊæðĊÐĮȘ

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșœÐìÌǠǣǧðīÆīåĴďĊďīÌÐīĊÌĮÆìÐÌķăÐÌåďīÌÐăðŒÐīřĴìīďķæìǡǟǡǦȘZķīåķĴķīÐðīÆīåĴÌÐăðŒÐīřĮÆìÐÌķăÐ

is as follows

Contractual Order Book

Year Airbus A321neo Airbus A220 Total

ǡǟǡǢ Ǡǡ Ǡǧ Ǣǟ

ǡǟǡǣ ǠǢ Ǣǟ ǣǢ

ǡǟǡǤ ǠǠ ǡǣ ǢǤ

ǡǟǡǥ Ǡǡ Ǡǣ ǡǥ

ǡǟǡǦ Ǡǣ — Ǡǣ

TOTAL 62 86 148

(1) Our aircraft order book is subject to change based on modifications to the contractual agreements or changes in the delivery schedules.

AĊ9ÐÅīķīřǡǟǡǡșœÐÐŘÐīÆðĮÐÌďķīďĨĴðďĊĴďĨķīÆìĮÐǢǟɁÌÌðĴðďĊăðīÅķĮǡǡǟȭǢǟǟðīÆīåĴķĊÌÐīďķīÐŘðĮĴðĊææīÐÐĉÐĊĴœðĴì

ðīÅķĮĊÌOðĉðĴÐÌqīĴĊÐīĮìðĨȘ}ìÐǢǟɁÌÌðĴðďĊăǡǡǟȭǢǟǟðīÆīåĴīÐÐŘĨÐÆĴÐÌĴďÅÐÌÐăðŒÐīÐÌåīďĉǡǟǡǢĴďǡǟǡǥȘZĨĴðďĊĮåďī

ǡǟÌÌðĴðďĊăǡǡǟȭǢǟǟðīÆīåĴīÐĉðĊŒðăÅăÐĴďķĮȘ

39JETBLUE AIRWAYS CORPORATION |

2022

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Ɂqt}A|

A}'TɁǡɁqtZq't}A'w

Ground Facilities

Airports

ăăďåďķīåÆðăðĴðÐĮĴĴìÐðīĨďīĴĮœÐĮÐīŒÐīÐķĊÌÐīăÐĮÐĮ

ďīďĴìÐīďÆÆķĨĊÆřæīÐÐĉÐĊĴĮȘ}ìðĮĮĨÆÐðĮăÐĮÐÌÌðīÐÆĴăř

ďīðĊÌðīÐÆĴăřåīďĉĴìÐăďÆăðīĨďīĴķĴìďīðĴřďĊŒīřðĊæĴÐīĉĮ

ÌÐĨÐĊÌÐĊĴďĊĨīÐŒðăðĊæĨīÆĴðÆÐĮĴÐÆìðīĨďīĴȘZķīĨĮĮÐĊæÐī

ĴÐīĉðĊăĮÐīŒðÆÐåÆðăðĴðÐĮÆďĊĮðĮĴðĊæďåĴðÆāÐĴÆďķĊĴÐīĮșæĴÐ

ĮĨÆÐșďĨÐīĴðďĊĮĮķĨĨďīĴīÐșĊÌÅæææÐĮÐīŒðÆÐďååðÆÐĮ

æÐĊÐīăăřìŒÐæīÐÐĉÐĊĴĴÐīĉĮīĊæðĊæåīďĉăÐĮĮĴìĊďĊÐřÐī

ĴďťŒÐřÐīĮȘ}ìÐřÆĊÆďĊĴðĊĨīďŒðĮðďĊĮåďīĨÐīðďÌðÆÌþķĮĴĉÐĊĴĮ

ďåīÐĊĴăīĴÐĮșăĊÌðĊæåÐÐĮșĊÌďĴìÐīÆìīæÐĮĨĨăðÆÅăÐķĊÌÐī

ĴìÐĴřĨÐďåăÐĮÐȘĊÌÐīĮďĉÐďåĴìÐĮÐæīÐÐĉÐĊĴĮșœÐīÐ

īÐĮĨďĊĮðÅăÐåďīĴìÐĉðĊĴÐĊĊÆÐșðĊĮķīĊÆÐșķĴðăðĴðÐĮșĊÌÆÐīĴðĊ

ďĴìÐīåÆðăðĴřȭīÐăĴÐÌÐŘĨÐĊĮÐĮĊÌĮÐīŒðÆÐĮȘ

ĮķĉĉīřďåďķīĉďĮĴĮðæĊðťÆĊĴăÐĮÐæīÐÐĉÐĊĴĮðĮĨīďŒðÌÐÌ

ÅÐăďœȚ

■ JFK -Ð ìŒÐăÐĮÐ æīÐÐĉÐĊĴ œðĴìĴìÐqUULåďī

}ÐīĉðĊăǤȘ}ìÐăÐĮÐÐŘĴÐĊÌĮķĊĴðăUďŒÐĉÅÐīǡǟǣǡșÅķĴœÐ

ìŒÐĴìÐďĨĴðďĊĴďĴÐīĉðĊĴÐĴìÐæīÐÐĉÐĊĴðĊǡǟǢǢȘAĊǡǟǠǡș

œÐĉÐĊÌÐÌĴìÐ}ÐīĉðĊăǤăÐĮÐĴďÐŘĴÐĊÌðĊĴďĴìÐåďīĉÐī

}ÐīĉðĊăǥĨīďĨÐīĴřðĊďīÌÐīĴďÅķðăÌ}ǤðȘAĊUďŒÐĉÅÐīǡǟǡǡș

œÐĉÐĊÌÐÌĴìÐăÐĮÐĴďīÐăðĊĪķðĮìĨďīĴðďĊďåĴìÐåďīĉÐī

}ÐīĉðĊăǥĨīďĨÐīĴřĴďăăďœåďīÌÐŒÐăďĨĉÐĊĴďåĊÐœ}ÐīĉðĊă

ǥÅřďķīÌÐŒÐăďĨĉÐĊĴĨīĴĊÐīșLTqȘ

■ BOS -AĊTřǡǟǟǤșœÐÐĊĴÐīÐÌðĊĴďăÐĮÐœðĴìTĮĮÆìķĮÐĴĴĮ

qďīĴ ķĴìďīðĴř ȧȵTĮĮĨďīĴȶȨ œðĴì  åðŒÐ řÐī ĴÐīĉ ȧĊÌ

ǡǟɁķĴďĉĴðÆďĊÐȭřÐīīÐĊÐœăĮȨșåďīðĊðĴðăåðŒÐæĴÐĮðĊ

}ÐīĉðĊățœìðÆìÐŘĨĊÌÐÌĴďǠǠÅřUďŒÐĉÅÐīǡǟǟǧȘÐìŒÐ

ĮðĊÆÐÐĊĴÐīÐÌðĊĴďĉķăĴðĨăÐĉÐĊÌĉÐĊĴĮœðĴìTĮĮĨďīĴĴď

ÆďĊĴðĊķÐĴďæīďœĴìĴåďďĴĨīðĊĴðĊ}ÐīĉðĊăȘĮďå#ÐÆÐĉÅÐīɁǢǠș

ǡǟǡǡșœÐăÐĮÐÌǢǟæĴÐĮðĊďĮĴďĊȘɁZķīăÐĮÐœðĴìTĮĮĨďīĴðĮ

ĮÆìÐÌķăÐÌĴďÐŘĨðīÐðĊĨīðăǡǟǢǟȘ

ÐìŒÐÐĊĴÐīÐÌðĊĴďķĮÐīīĊæÐĉÐĊĴĮĴÐÆìďåĴìÐðīĨďīĴĮœÐ

ĮÐīŒÐĨīďŒðÌðĊæåďīĴìÐĊďĊȭÐŘÆăķĮðŒÐķĮÐďåīķĊœřĮșĴŘðœřĮș

ĊÌďĴìÐīðīĨďīĴåÆðăðĴðÐĮȘOĊÌðĊæåÐÐĮķĊÌÐīĴìÐĮÐæīÐÐĉÐĊĴĮ

īÐĴřĨðÆăăřÅĮÐÌďĊĴìÐĊķĉÅÐīďåðīÆīåĴăĊÌðĊæĮĊÌĴìÐ

œÐðæìĴďåĴìÐðīÆīåĴȘ

Other

ÐăÐĮÐĴìÐåďăăďœðĊæìĊæīĮĊÌðīĨďīĴĮķĨĨďīĴåÆðăðĴðÐĮĴ

ďķīåďÆķĮÆðĴðÐĮȚ

■ New York -ĴL9NșœÐìŒÐæīďķĊÌăÐĮÐæīÐÐĉÐĊĴœìðÆì

ÐŘĨðīÐĮðĊǡǟǢǟåďīĊðīÆīåĴĉðĊĴÐĊĊÆÐìĊæīșĊÌþÆÐĊĴ

ďŨÆÐșĊÌœīÐìďķĮÐåÆðăðĴřșðĊÆăķÌðĊæĮĴďīæÐåÆðăðĴřåďī

ðīÆīåĴĨīĴĮȘ}ìÐĮÐåÆðăðĴðÐĮÆÆďĉĉďÌĴÐďķīĴÐÆìĊðÆă

ĮķĨĨďīĴĊÌÆĴÐīðĊæďĨÐīĴðďĊĮȘÐăĮďăÐĮÐÅķðăÌðĊæ

åīďĉĴìÐqUULœìðÆìðĮĉðĊăřķĮÐÌåďīæīďķĊÌÐĪķðĨĉÐĊĴ

maintenance work.

■ Boston -ÐìŒÐæīďķĊÌĊÌÅķðăÌðĊæăÐĮÐæīÐÐĉÐĊĴ

œìðÆìÐŘĨðīÐÌðĊǡǟǡǡåďīĊðīÆīåĴĉðĊĴÐĊĊÆÐìĊæīĊÌ

ĮĮďÆðĴÐÌĮķĨĨďīĴĮĨÆÐșĊÌīÐÆĴðŒÐăřĊÐæďĴðĴðĊæĊ

ÐŘĴÐĊĮðďĊďåĴìĴæīÐÐĉÐĊĴȘÐăĮďìŒÐĮÐĨīĴÐăÐĮÐĮ

åďīåÆðăðĴðÐĮĴďÆÆďĉĉďÌĴÐďķīæīďķĊÌĮķĨĨďīĴÐĪķðĨĉÐĊĴ

ĉðĊĴÐĊĊÆÐĊÌÆĴÐīðĊæďĨÐīĴðďĊĮȘ

■ Orlando -ÐìŒÐæīďķĊÌăÐĮÐæīÐÐĉÐĊĴåďīìĊæīœìðÆì

ÐŘĨðīÐĮðĊǡǟǢǤȘÐăĮďďÆÆķĨřĴīðĊðĊæÆÐĊĴÐīșLÐĴăķÐ

ĊðŒÐīĮðĴřșœðĴìăÐĮÐæīÐÐĉÐĊĴÐŘĨðīðĊæðĊǡǟǢǤœìðÆìœÐ

ķĮÐåďīĴìÐðĊðĴðăĊÌīÐÆķīīÐĊĴĴīðĊðĊæďåďķīĨðăďĴĮĊÌðĊŦðæìĴ

ÆīÐœĉÐĉÅÐīĮșĮœÐăăĮĮķĨĨďīĴĴīðĊðĊæåďīďķīĴÐÆìĊðÆă

ďĨÐīĴðďĊĮĊÌðīĨďīĴÆīÐœĉÐĉÅÐīĮȘ}ìðĮåÆðăðĴřðĮÐĪķðĨĨÐÌ

œðĴìĊðĊÐåķăăŦðæìĴĮðĉķăĴďīĮșĊðĊÐŦðæìĴĴīðĊðĊæÌÐŒðÆÐĮșĴìīÐÐ

ÆÅðĊĴīðĊÐīĮșĴīðĊðĊæĨďďășÆăĮĮīďďĉĮșĊÌĮķĨĨďīĴīÐĮȘ

AĊǡǟǠǤșœÐďĨÐĊÐÌĴìÐOďÌæÐĴZīăĊÌďwķĨĨďīĴÐĊĴÐīȧȵZwȶȨ

œìðÆìðĮÌþÆÐĊĴĴďLÐĴăķÐĊðŒÐīĮðĴřĊÌðĮķĮÐÌåďīăďÌæðĊæ

ďķīÆīÐœĉÐĉÅÐīĮœìÐĊĴìÐřĴĴÐĊÌĴīðĊðĊæȘ

ZķīĨīðĉīřÆďīĨďīĴÐďŨÆÐĮīÐăďÆĴÐÌðĊOďĊæAĮăĊÌðĴřșUÐœ

ďīāœðĴìďķīăÐĮÐÐŘĨðīðĊæðĊǡǟǡǢȘtÐŨīĉðĊæďķīÆďĉĉðĴĉÐĊĴ

ĴďUÐœďīāșðĊ9ÐÅīķīřǡǟǡǡșœÐÐŘÐÆķĴÐÌĊÐœăÐĮÐåďīďķī

ĨīðĉīðăřÆďīĨďīĴÐďŨÆÐĮĴìĴœðăăÐŘĴÐĊÌďķīĮĴřðĊĴìÐĨīÐĮÐĊĴ

OďĊæAĮăĊÌðĴřăďÆĴðďĊķĊĴðăǡǟǢǨȘ

ZķīďååðÆÐĮðĊwăĴOāÐðĴřșĴì ÆďĊĴðĊÆďīÐĴÐĉďå

ÆīÐœĉÐĉÅÐīĮœìďīÐīÐĮĨďĊĮðÅăÐåďīæīďķĨĮăÐĮșÆķĮĴďĉÐī

ĮÐīŒðÆÐșĴȭìďĉÐīÐĮÐīŒĴðďĊæÐĊĴĮķĨÐīŒðĮðďĊșÌðĮÅķīĮÐĉÐĊĴĮș

ĊÌÆÐīĴðĊďĴìÐīťĊĊÆÐåķĊÆĴðďĊĮȘ}ìÐăÐĮÐåďīďķīwăĴOāÐ

ðĴřåÆðăðĴřœĮĉÐĊÌÐÌĊÌīÐĊÐœÐÌåďīĊďĴìÐīřÐīåīďĉLķĊÐ

ǡǟǡǡĴìīďķæìTřǡǟǡǢȘÐăĮďĉðĊĴðĊďĴìÐīåÆðăðĴðÐĮĴìĴīÐ

ĊÐÆÐĮĮīřĴďĮķĨĨďīĴďķīďĨÐīĴðďĊĮðĊĴìÐÆðĴðÐĮœÐĮÐīŒÐȘ

A}'TɁǢ LEGAL PROCEEDINGS

AĊĴìÐďīÌðĊīřÆďķīĮÐďåďķīÅķĮðĊÐĮĮșœÐīÐĨīĴřĴďŒīðďķĮăÐæăĨīďÆÐÐÌðĊæĮĊÌÆăðĉĮœìðÆìœÐÅÐăðÐŒÐīÐðĊÆðÌÐĊĴăĴďĴìÐ

ďĨÐīĴðďĊďåďķīÅķĮðĊÐĮĮȘZĴìÐīĴìĊĮÌÐĮÆīðÅÐÌķĊÌÐīUďĴÐǠǠĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆăķÌÐÌðĊqīĴAAșAĴÐĉǧ

ďåĴìðĮĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNșœÐÅÐăðÐŒÐĴìÐķăĴðĉĴÐďķĴÆďĉÐďåĴìÐĮÐĨīďÆÐÐÌðĊæĮĴďœìðÆìœÐīÐÆķīīÐĊĴăřĨīĴřœðăăĊďĴ

ìŒÐĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊďķīÅķĮðĊÐĮĮșťĊĊÆðăĨďĮðĴðďĊșīÐĮķăĴĮďåďĨÐīĴðďĊĮďīÆĮìŦďœĮȘ

A}'TɁǣ MINE SAFETY DISCLOSURES

Not applicable.

40 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A |

A}'TɁǡɁqtZq't}A'w

PART II

A}'TɁǤ MARKET FOR REGISTRANT’S COMMON EQUITY; RELATED

STOCKHOLDER MATTERS AND ISSUER PURCHASES OF

EQUITY SECURITIES

Market Information and Stockholder Matters

Our common stock is traded on the NASDAQ Global Select Market

under the symbol JBLU. As of January 31, 2023, there were

approximately 390 holders of record of our common stock.

We have not paid cash dividends on our common stock and

have no current intention to do so. Any future determination to

pay cash dividends would be at the discretion of our Board of

Directors, subject to applicable limitations under Delaware law

or legislation. This decision would be dependent upon our results

of operations, financial condition, and other factors deemed

relevant by our Board of Directors.

qķīÆìĮÐĮďå'ĪķðĴřwÐÆķīðĴðÐĮÅřĴìÐAĮĮķÐīĊÌŨăðĴÐÌqķīÆìĮÐĮ

Our share repurchase programs include authorization for

repurchases in open market transactions pursuant to Rules

10b-18 and/or 10b5-1 of the Exchange Act, and/or one or more

privately-negotiated accelerated stock repurchase transactions.

The timing, price, and volume of any repurchases will be based on

market conditions and other relevant factors.

On December 8, 2017, the Board of Directors approved a two year

share repurchase program, or the 2017 Authorization, of up to

$750 million worth of common stock beginning on January 1, 2018.

The 2017 Authorization was completed in 2019.

On September 19, 2019, the Board of Directors approved a

share repurchase program, or the 2019 Authorization, of up to

ɄǧǟǟɁĉðăăðďĊœďīĴìďåÆďĉĉďĊĮĴďÆāÅÐæðĊĊðĊæďĊZÆĴďÅÐīǠșǡǟǠǨ

and ending no later than December 31, 2021.

ÐĮķĮĨÐĊÌÐÌďķīĮìīÐīÐĨķīÆìĮÐĨīďæīĉĮďåTīÆìɁǢǠș

2020. In accordance with restrictions under the Acts, we

were prohibited from making any share repurchases through

September 30, 2022. We have not restarted our share repurchase

program since that date. The acquisition of treasury stock

īÐŦÐÆĴÐÌďĊďķīÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴďåÆĮìŦďœĮåďīĴìÐ

year ended December 31, 2022 represents the return of shares

to satisfy tax payments associated with crewmember stock

compensation that vested during the period.

In consideration for the Payroll Support Payments and payments

received under the CARES Act Loan Program, during the year

ended December 31, 2020, we issued warrants to purchase

approximately 3.9 million shares of our common stock to the

Treasury at an exercise price of $9.50 per share.

In consideration for the Payroll Support 2 Payments, during the

year ended December 31, 2021, we issued warrants to purchase

approximately 1.0 million shares of our common stock to the

Treasury at an exercise price of $14.43 per share.

In consideration for the Payroll Support 3 Payments, during the

year ended December 31, 2021, we issued warrants to purchase

approximately 0.7 million shares of our common stock to the

Treasury at an exercise price of $19.90 per share.

wÐÐUďĴÐǢĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīåķīĴìÐī

details.

41JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Stock Performance Graph

}ìðĮĨÐīåďīĉĊÆÐæīĨìĮìăăĊďĴÅÐÌÐÐĉÐÌȵťăÐÌȶœðĴìĴìÐw'ďīĮķÅþÐÆĴĴďwÐÆĴðďĊǠǧďåĴìÐ'ŘÆìĊæÐÆĴșĊďīĮìăăðĴÅÐÌÐÐĉÐÌ

ðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐðĊĊřďåďķīťăðĊæĮķĊÌÐīĴìÐwÐÆķīðĴðÐĮÆĴȘ

The following line graph compares the cumulative total stockholder return on our common stock with the cumulative total return of

the S&P 500 Stock Index and the NYSE Arca Airline Index from December 31, 2018 to December 31, 2022. The comparison assumes the

investment of $100 in our common stock and in each of the foregoing indices and reinvestment of all dividends. The stock performance

shown represents historical performance and is not representative of future stock performance.

2018 2019 2020 20222021

153

●

JetBlue Airways Corporation

●

S&P 500 Stock Index

●

NYSE Arca Airline Index

100

150

200

12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022

JetBlue Airways Corporation $ 100 $ 117 $ 91 $ 89 $ 40

S&P 500 Stock Index 100 129 150 190 153

NYSE Arca Airline Index 100 121 92 90 58

42 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART II |

A}'TɁǤɁTtN'}9Ztt':Aw}tU}ȸwZTTZU'sA}țt'O}'#w}ZN>ZO#'tT}}'twU#Aww'tqt>w'wZ9'sA}w'tA}A'w

A}'TɁǥ [RESERVED]

A}'TɁǦ MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL

CONDITION AND RESULTS OF OPERATIONS

Overview

The Coronavirus (COVID-19) Pandemic

Although the spread of the Omicron variants temporarily

decelerated the demand for travel in early 2022, customer

confidence continued to grow over the course of the year,

īÐĮķăĴðĊæðĊďķīīÐĴķīĊĴďĨīďťĴÅðăðĴřðĊĴìÐĮÐÆďĊÌìăåďåǡǟǡǡȘ

2022 Results

Our 2022 and 2021 results were adversely impacted by the

COVID-19 pandemic. As a result, comparisons of our 2022 results

to 2021 are not necessarily indicative of future operating results.

In certain cases, we have also included comparisons of our 2022

results to our 2019 results which are more reflective of pre-

pandemic operations.

9ďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȚ

■ System capacity increased by 19.1% year-over-year and

increased by 1.0% compared to 2019.

■ We generated $9.2 billion in operating revenue, an increase of

$3.1 billion compared to 2021, primarily due to a 31.5% increase

in revenue passengers. When compared to 2019, our operating

revenue increased by 13.1%, primarily driven by a 12.5% increase

in yield, offset by a decrease in revenue passengers of 7.4%.

■ Operating revenue per available seat mile (RASM) increased by

27.3% to 14.20 cents year-over-year and increased by 12.0%

compared to 2019.

■ Operating expense increased by 54.6% year-over-year to

ɄǨȘǤɁÅðăăðďĊĊÌðĊÆīÐĮÐÌÅřǡǨȘǥɦÆďĉĨīÐÌĴďǡǟǠǨȘ

■ Operating expense per available seat mile (CASM) increased by

29.7% to 14.67 cents year-over-year and increased by 28.4%

compared to 2019.

■ Our 2022 and 2021 results included the effects of special

items. Excluding fuel and related taxes, special items, as well

as operating expenses related to our non-airline businesses,

our 2022 operating expense

(1)

increased by 13.0% to $6.2 billion,

as compared to 2021. When compared to 2019, our operating

expenses excluding fuel and related taxes, special items, as well

as operating expenses related to our non-airline businesses

(1)

increased by 14.8%.

■ Excluding fuel and related taxes, special items, as well as

operating expenses related to our non-airline businesses, our

cost per available seat mile (CASM ex-fuel)

(1)

decreased by 5.2%

to 9.59 cents year-over-year and increased by 13.6% compared

to 2019.

■ Our operating margin was (3.3)% in 2022, (1.3)% in 2021, and

9.9% in 2019. Excluding special items, our adjusted operating

margins

(1)

were (2.0)%, (15.1)%, and 10.1% for the full years 2022,

2021, and 2019, respectively.

■ We reported a net loss of $(362) million in 2022 compared to a

net loss of $(182) million in 2021. In 2019, reported net income

was $569 million.

■ Our reported loss per share for 2022 and 2021 was $(1.12) and

$(0.57), respectively. Excluding special items, our adjusted loss

per share

(1)

œĮɄȧǟȘǧǟȨåďīǡǟǡǡșĊÌɄȧǡȘǤǠȨåďīǡǟǡǠȘ9ďīǡǟǠǨș

our reported earnings per diluted share was $1.91 and adjusted

earnings per diluted share

(1)

was $1.90.

■ During 2022, we took delivery of two Airbus A321neo aircraft

and six Airbus A220 aircraft.

Outlook for 2023

ÐåÆÐÌďĨÐīĴðďĊăÌðĮīķĨĴðďĊĮðĊĴìÐťīĮĴìăåďåǡǟǡǡÌķÐĴďĴìÐ

ðĉĨÆĴďåĴìÐZĉðÆīďĊŒīðĊĴșĮœÐăăĮĮĴŨĊæÆďĊĮĴīðĊĴĮĴìĴ

drove incremental challenges. We took decisive action to right-

size our growth plan for the remainder of the year, made additional

investments into our operation, and implemented a new structural

ÆďĮĴĨīďæīĉĴďðĉĨīďŒÐďķīďĨÐīĴðďĊăÐŨÆðÐĊÆřĊÌÐĊĮķīÐœÐ

maintain a competitive cost structure. Despite these headwinds,

we generated record annual revenue of $9.2 billion, ultimately

īÐĮķăĴðĊæðĊďķīīÐĴķīĊĴďĨīďťĴÅðăðĴřðĊĴìÐĮÐÆďĊÌìăåďåǡǟǡǡȘ

ÐÅÐăðÐŒÐĴìĴĴìÐĮĴīďĊæďĨÐīĴðďĊăĊÌťĊĊÆðăåďķĊÌĴðďĊœÐ

set in 2022 positions JetBlue for future success.

9ďīåķăăřÐīǡǟǡǢșœÐÐŘĨÐÆĴďķīÆĨÆðĴřĴďðĊÆīÐĮÐÅÐĴœÐÐĊǤȘǤɦ

and 8.5% compared to 2022 as we plan to execute growth across

our high-value network, including annualized growth through the

NEA. We expect revenue to grow high single digits to low double

digits year-over-year. We are focused on driving revenue growth

through the maturation of our NEA, the evolution of our TrueBlue®

loyalty program, and continued momentum from JBTP. We also

(1) Refer to our “Regulation G Reconciliation of Non-GAAP Financial Measures” at the end of this section for more information on this non-GAAP measure.

43JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

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plan to keep our cost structure competitive. We expect cost per

available seat mile, excluding fuel and related taxes, and operating

expenses related to other non-airline businesses (CASM ex-fuel),

for 2023 to increase by between approximately 1.5% to 4.5% year-

over-year which includes an approximate 3% point impact from a

new ALPA agreement. We expect to deliver value to our customers

and shareholders with strong revenue generation combined with

our plan to keep costs low. Our expectations for full year 2023

earnings per share to be in the range of $0.70 to $1.00 implies a

margin trajectory approaching pre-pandemic levels as we move

through the year.

Results of Operations

ĮÌðĮÆķĮĮÐÌðĊUďĴÐǠĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮș

in 2021, a new SEC rule became effective that is intended

to modernize, simplify, and enhance certain disclosures

ĴìīďķæìďķĴĴìðĮȵTĊæÐĉÐĊĴȸĮ #ðĮÆķĮĮðďĊĊÌĊăřĮðĮďå

9ðĊĊÆðăďĊÌðĴðďĊĊÌtÐĮķăĴĮďåZĨÐīĴðďĊĮȘȶ}ìÐĊÐœīķăÐ

ăăďœĮķĮĴďďĉðĴĮÐăÐÆĴÐÌťĊĊÆðăÌĴåďīĴìÐĨīÐÆÐÌðĊæťŒÐ

years and discussions comparing 2021 and 2020 results, as such

ÌðĮÆăďĮķīÐĮœÐīÐðĊÆăķÌÐÌðĊďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďī

ĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǠșœìðÆìðĮŒðăÅăÐďĊĴìÐw'ȸĮ

website at œœœȘĮÐÆȘæďŒ. Please note that although our 2022 and

2021 results were adversely impacted by the COVID-19 pandemic,

the impact of COVID-19 on our operating results for 2022 and 2021

were different. As a result, comparisons of our 2022 results to

ǡǟǡǠɁĉřĊďĴĊÐÆÐĮĮīðăřÅÐðĊÌðÆĴðŒÐďåÆìĊæÐĮÅÐĴœÐÐĊ

operating results for future reporting periods.

2022 Compared to 2021

OVERVIEW

We reported a net (loss) of $(362) million, an operating (loss) of

$(298) million and operating margin of (3.3)% for the year ended

December 31, 2022. This compares to net (loss) of $(182) million,

operating (loss) of $(80) million, and operating margin of (1.3)% for

the year ended December 31, 2021. Our (loss) per share was $(1.12)

for 2022 compared to $(0.57) for 2021.

Our 2022 and 2021 reported results included the effects of special

items. Adjusting for these one-time items, our adjusted net (loss)

(1)

was $(260) million, adjusted operating (loss)

(1)

was $(185) million, and

our adjusted operating margin

(1)

was (2.0)% for 2022. This compares

to an adjusted net (loss)

(1)

of $(800) million, adjusted operating

(loss)

(1)

of $(913) million, and an adjusted operating margin

(1)

of (15.1)%

for 2021. Excluding one-time items, our adjusted (loss) per share

(1)

was $(0.80) for 2022 compared to $(2.52) for 2021.

OPERATING REVENUES

(revenues in millions; percent changes based on unrounded numbers)

Year-over-Year Change

2022 2021 $ %

Passenger revenue $ 8,586 $ 5,609 2,977 53.1

Other revenue 572 428 144 33.5

OPERATING REVENUES $ ǨșǠǤǧ $ ǥșǟǢǦ ǢșǠǡǠ ǤǠȘǦ

Average fare $ 217.03 $ 186.39 30.64 16.4

Yield per passenger mile (cents) 16.34 13.63 2.71 19.9

Passenger revenue per ASM (cents) 13.32 10.37 2.95 28.5

Operating revenue per ASM (cents) 14.20 11.16 3.04 27.3

Average stage length (miles) 1,213 1,283 (70) (5.5)

Revenue passengers (thousands) 39,562 30,094 9,468 31.5

Revenue passenger miles (millions) 52,552 41,152 11,400 27.7

Available seat miles (ASMs) (millions) 64,475 54,113 10,362 19.1

Load factor 81.5% 76.0% 5.5pts

Passenger revenue accounted for 93.8% of our total operating

revenue for the year ended December 31, 2022. In addition to seat

revenue, passenger revenue includes revenue from our ancillary

product offerings such as Even More® Space. Revenue generated

from international routes, including Puerto Rico, accounted

for 34% of our total operating revenues in 2022. Passenger

revenue, including certain ancillary fees directly related to

passenger tickets, is recognized when the transportation is

provided. Passenger revenue from unused tickets and passenger

credits are recognized in proportion to flown revenue based

on estimates of expected expiration or when the likelihood of

the customer exercising his or her remaining rights becomes

(1) Refer to our “Regulation G Reconciliation of Non-GAAP Financial Measures” at the end of this section for more information on this non-GAAP measure.

44 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART II |

A}'TɁǦɁTU:'T'U}ȸw#AwwwAZUU#UOwAwZ99AUUAOZU#A}AZUU#t'wO}wZ9Zq't}AZUw

remote. We measure capacity in terms of available seat miles,

which represents the number of seats available for passengers

ĉķăĴðĨăðÐÌÅřĴìÐĊķĉÅÐīďåĉðăÐĮĴìÐĮÐĴĮīÐŦďœĊȘðÐăÌșďīĴìÐ

ŒÐīæÐĉďķĊĴďĊÐĨĮĮÐĊæÐīĨřĮĴďŦřďĊÐĉðăÐșðĮÆăÆķăĴÐÌ

by dividing Passenger revenue by Revenue passenger miles. We

attempt to increase Passenger revenue primarily by increasing

ďķīřðÐăÌĨÐīŦðæìĴœìðÆìĨīďÌķÆÐĮìðæìÐīīÐŒÐĊķÐĨÐīŒðăÅăÐ

seat mile. Our objective is to optimize our fare mix to increase our

overall average fare while continuing to provide our customers

with competitive fares.

In 2022, Passenger revenue increased by $2.98 billion, or

53.1% year-over-year. The increase was primarily driven by the

demand for travel as we gradually recovered from the COVID-19

ĨĊÌÐĉðÆÆďķĨăÐÌœðĴìÅÐĊÐťĴĮåīďĉīÐŒÐĊķÐðĊðĴðĴðŒÐĮĮķÆì

ĮÐĊìĊÆÐĉÐĊĴĮĴďďķī9īÐZĨĴðďĊĮðĉÐÌĴĨīďŒðÌðĊæďķī

ÆķĮĴďĉÐīĮĉďīÐÆìďðÆÐĮșĉďīÐŦÐŘðÅðăðĴřșĊÌăďœÐīåīÐĮȘÐ

saw a 31.5% increase in Revenue passengers and a 16.4% increase

in average fares compared to 2021.

Other revenue is primarily comprised of the marketing component

of the sales of our TrueBlue® points. It also includes revenue from

the sale of vacation packages, ground handling fees received from

other airlines, and rental income. In 2022, other revenue increased

by $144 million, or 33.5%, principally driven by a $106 million

increase in marketing revenue associated with our TrueBlue®

program due to higher customer spend and acquisitions.

OPERATING EXPENSES

(in millions; per ASM data in cents; percentages based

on unrounded numbers)

Year-over-Year Change per ASM

2022 2021 $ % 2022 2021 % Change

Aircraft fuel and related taxes $ 3,105 $ 1,436 1,669 116.3 4.82 2.65 81.5

wăīðÐĮșœæÐĮĊÌÅÐĊÐťĴĮ 2,747 2,358 389 16.5 4.26 4.36 (2.3)

Landing fees and other rents 544 628 (84) (13.3) 0.84 1.16 (27.2)

Depreciation and amortization 585 540 45 8.4 0.91 1.00 (9.0)

Aircraft rent 114 99 15 15.0 0.18 0.18 (3.5)

Sales and marketing 289 183 106 57.7 0.45 0.34 32.3

Maintenance, materials and repairs 591 626 (35) (5.7) 0.91 1.15 (20.9)

Other operating expenses 1,368 1,080 288 26.7 2.12 2.00 6.3

Special Items 113 (833) 946 NM 0.18 (1.54) NM

TOTAL OPERATING EXPENSES $ ǨșǣǤǥ $ ǥșǠǠǦ ǢșǢǢǨ ǤǣȘǥ ǠǣȘǥǦ ǠǠȘǢǟ ǡǨȘǦ

AIRCRAFT FUEL AND RELATED TAXES

Aircraft fuel and related taxes represented 32.8% of our total

operating expenses in 2022 compared to 23.5% in 2021. The

average fuel price increased 79.1% in 2022 to $3.69 per gallon. Our

fuel consumption increased by 21.0%, or 146 million gallons, due

to capacity increases as demand for travel grew. We expect our

fuel consumption to be higher in 2023 as we anticipate returning

capacity to pre-pandemic levels.

We recognized fuel hedge losses of $7 million in 2022 on our

consolidated statement of operations. There were no fuel hedge

gains or losses recognized in 2021. These losses were recorded

in Aircraft fuel and related taxes.

SALARIES, WAGES AND BENEFITS

wăīðÐĮșœæÐĮșĊÌÅÐĊÐťĴĮðĊÆīÐĮÐÌɄǢǧǨĉðăăðďĊșďīǠǥȘǤɦ

in 2022, driven primarily by higher total hours worked by our

crewmembers as we aligned our workforce with the increase in

demand for air travel and the need for premium and incentive

ĨřĴďĮķĨĨďīĴďķīďĨÐīĴðďĊÌķīðĊæĴìÐťīĮĴìăåďåĴìÐřÐīȘZķī

crewmember headcount also increased year-over-year. During

2022, the average number of full-time equivalent crewmembers

increased by 20.3%.

LANDING FEES AND OTHER RENTS

Landing fees and other rents include landing fees, which are at

ĨīÐĉðķĉīĴÐĮðĊĴìÐìÐŒðăřĴīŨÆāÐÌĊďīĴìÐĮĴÆďīīðÌďīďåĴìÐ

ȘwȘĴìīďķæìœìðÆìăīæÐĊķĉÅÐīďåďķīŦðæìĴĮďĨÐīĴÐȘZĴìÐī

rents primarily consist of rent for airports in our BlueCities.

Landing fees and other rents decreased $84 million, or 13.3%,

in 2022. The year-over-year decrease is primarily driven by rate

ĊďīĉăðšĴðďĊīÐĮķăĴðĊæåīďĉðīĨďīĴĴīŨÆīÐÆďŒÐīřÆăďĮÐīĴď

pre-COVID-19 levels. Departures increased by 25.8% compared

to 2021. We expect landing fees and other rents to increase in

2023 due to operating and growing in high-cost terminals. We

expect full year 2023 capacity to increase between by 5.5% and

8.5% compared to 2022.

DEPRECIATION AND AMORTIZATION

Depreciation and amortization primarily include depreciation

åďīďķīďœĊÐÌĊÌťĊĊÆÐăÐĮÐÌðīÆīåĴșÐĊæðĊÐĮșĊÌðĊŦðæìĴ

entertainment systems. Depreciation and amortization increased

$45 million, or 8.4%, primarily driven by an increase in the average

number of aircraft operating in 2022 compared to the same period

in 2021. We placed seven new aircraft into service during 2022.

45JETBLUE AIRWAYS CORPORATION |

2022

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AIRCRAFT RENT

Aircraft rent increased $15 million, or 15.0%, in 2022. This

increase was driven primarily by an increase of 21 leased

ÐĊæðĊÐĮðĊǡǟǡǡœìðÆìœÐÌÌÐÌĴďĴìÐŦÐÐĴĴďĮķĨĨďīĴÐĊÌďå

life optimization and continuity of the operation due to supply

chain constraints.

SALES AND MARKETING

Sales and marketing increased $106 million, or 57.7%, in 2022

driven by higher credit card fees and computer reservation

system charges, which are directly related to demand increases

as we recover from the pandemic. Revenue passengers increased

ÅřǢǠȘǤɦðĊǡǟǡǡĴďǢǨȘǥĉðăăðďĊÆďĉĨīÐÌĴďǢǟȘǠɁĉðăăðďĊðĊǡǟǡǠȘ

MAINTENANCE, MATERIALS AND REPAIRS

Maintenance, materials, and repairs are generally expensed

œìÐĊðĊÆķīīÐÌķĊăÐĮĮÆďŒÐīÐÌÅřăďĊæȭĴÐīĉŦðæìĴìďķīĮÐīŒðÆÐĮ

contract. The average age of our aircraft in 2022 was 12.4 years.

ĮďķīŦÐÐĴæÐĮďķīĉðĊĴÐĊĊÆÐÆďĮĴĮœðăăðĊÆīÐĮÐĮðæĊðťÆĊĴăřș

both on an absolute basis and as a percentage of our unit costs,

as older aircraft require additional, more expensive repairs over

time. We had an average of 11.8 additional total operating aircraft

in 2022 compared to 2021.

In 2022, Maintenance, materials and repairs decreased by $35

million, or 5.7% compared to 2021. The decrease was driven by

a decrease in the number of heavy engine maintenance events

in 2022 as compared to 2021, which was partially offset by an

increase in other maintenance activity driven by an increase in

ŦřðĊæȘ

OTHER OPERATING EXPENSES

ZĴìÐīďĨÐīĴðĊæÐŘĨÐĊĮÐĮÆďĊĮðĮĴďåĴìÐåďăăďœðĊæÆĴÐæďīðÐĮȚ

outside services, airport expenses (including expenses related to

fueling, ground handling, skycap, security, and catering services),

personnel expenses, professional and legal fees, onboard

ĮķĨĨăðÐĮșĮìďĨĊÌďŨÆÐĮķĨĨăðÐĮșÅÌÌÐÅĴĮșÆďĉĉķĊðÆĴðďĊ

costs, and taxes other than payroll and fuel taxes.

In 2022, other operating expenses increased by $288 million,

or 26.7%, compared to 2021 due to higher levels of operations

in response to the increased demand for air travel. Scheduled

departures increased by 25.8% in 2022.

SPECIAL ITEMS

AĊǡǟǡǡșĮĨÐÆðăðĴÐĉĮðĊÆăķÌÐÌĴìÐåďăăďœðĊæȚ

■ AĉĨðīĉÐĊĴďåɄǤǡĉðăăðďĊīÐăĴðĊæĴďďķī'ĉÅīÐī'ǠǨǟŦÐÐĴ

ĴīĊĮðĴðďĊț

■ 'ŘĨÐĊĮÐďåɄǢǡĉðăăðďĊīÐăĴÐÌĴďĴìÐOqīĴðťÆĴðďĊÅďĊķĮ

ĊÌĮĮďÆðĴÐÌĨřīďăăĴŘÐĮț

■ Expense of $28 million related to our acquisition of Spirit

ðīăðĊÐĮțĊÌ

■ Expense of $1 million relating to the implementation of the

TWU contract.

wĨÐÆðăðĴÐĉĮðĊǡǟǡǠðĊÆăķÌÐÌĴìÐåďăăďœðĊæȚ

■ Contra-expense of $830 million, which represents the

amount of federal payroll support grants utilized during the

ĨÐīðďÌț

■ Contra-expense of $11 million related to the recognition of

'ĉĨăďřÐÐtÐĴÐĊĴðďĊīÐÌðĴĮĨīďŒðÌÐÌÅřĴìÐt'wÆĴțĊÌ

■ One-time costs of $8 million related to the ratification

of the collective bargaining agreement with our inflight

crewmembers.

Consolidated Balance Sheet Analysis

ÐăďœðĮÌðĮÆķĮĮðďĊďåĴìÐĮðæĊðťÆĊĴÆìĊæÐĮďĊďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴÅÐĴœÐÐĊ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘ

(in millions)

Selected Balance Sheet Data: December 31, 2022 December 31, 2021 $ Change % Change

ASSETS

Investment securities $ 350 $ 824 (474) (57.5)%

Receivables, net of allowance of $4 and $3,

Ĵ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌɁ#ÐÆÐĉÅÐīǢǠș

2021, respectively. 317 207 110 53.2%

Investment securities (non-current) 172 39 133 341.9%

LIABILITIES

Accounts payable $ 532 $ 499 33 6.5%

Other accrued liabilities 486 359 127 35.8%

}ďĴăÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ 3,647 4,006 (359) (9.0)%

Other 494 552 (58) (10.3)%

46 JETBLUE AIRWAYS CORPORATION |

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PART II |

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Investment securities

Short-term investment securities decreased by $474 million, or

57.5%, primarily driven by the maturities of our time deposits that

were outstanding at December 31, 2021.

Receivables, net of allowance

Receivables, net of allowance, increased by $110 million, or 53.2%,

as a result of improvements in customer demand which led to

an increase in receivables from our credit card sales We also

saw an increase in receivables from our co-brand and loyalty

partnerships.

Investment securities (non-current)

Long-term investment securities increased by $133 million

principally driven by the purchases of corporate bonds in 2022.

Accounts payable

Accounts payable increased by $33 million, or 6.5%, primarily

due to increases in operating expenses and timing of payments.

Customer demand has rebounded in 2022 to pre-pandemic levels.

ÐďĨÐīĴÐÌăĉďĮĴǢǟșǟǟǟŦðæìĴĮðĊ#ÐÆÐĉÅÐīǡǟǡǡÆďĉĨīÐÌ

ĴďďŒÐīǡǥșǟǟǟŦðæìĴĮðĊ#ÐÆÐĉÅÐīǡǟǡǠȘ

Other accrued liabilities

Other accrued liabilities increased by $127 million, or 35.8%,

principally driven by the timing of passenger tax remittances to

governmental authorities. Passenger taxes are collected from

customers when tickets are sold and remitted to the authorities

at a later date. The increase in passenger tax liability correlates

to the increase in demand for travel as we recovered from the

COVID-19 pandemic. In addition, the initial cash payments

received from our new co-branded credit card agreements are

deferred and recognized as revenue over the terms of the related

contracts. Deferred amounts are classified as other accrued

liabilities and other liabilities on our consolidated balance sheet.

Total debt and finance lease obligations

Total debt and finance lease obligations decreased by $359

million, or 9%, due primarily to $369 million of debt repayments

made during 2022.

Other liabilities

Other liabilities decreased by $58 million principally due to the

initial cash payments received from our new co-branded credit

card agreements in 2021. The initial cash payments received from

our new co-branded credit card agreements are deferred and

recognized as revenue over the terms of the related contracts.

#ÐåÐīīÐÌĉďķĊĴĮīÐÆăĮĮðťÐÌĮďĴìÐīÆÆīķÐÌăðÅðăðĴðÐĮĊÌ

other liabilities on our consolidated balance sheet.

Liquidity and Capital Resources

The airline business is capital intensive. Our ability to successfully

execute our growth plans is largely dependent on the continued

availability of capital on attractive terms. In addition, our ability

to successfully operate our business depends on maintaining

sufficient liquidity. We believe we have adequate resources

from a combination of cash and cash equivalents and investment

securities on-hand. During 2020, we executed a significant

ĊķĉÅÐīďåťĊĊÆðĊæĴīĊĮÆĴðďĊĮĴďÐĊĮķīÐĴìĴœÐìÌÌÐĪķĴÐ

levels of liquidity to navigate through the challenges posed by

the COVID-19 pandemic. As we recovered in 2021 and 2022, our

focus shifted to strengthening our balance sheet, lowering our

total cost of debt, and growing our unencumbered asset base. As

of December 31, 2022, our unrestricted cash, cash equivalents,

and short-term investments totaled $1.4 billion. Our adjusted debt

to capitalization ratio

(1)

at December 31, 2022 was 52%, down from

53% at December 31, 2021.

We believe a healthy liquidity position is a crucial element

of our ability to weather any part of the economic cycle while

continuing to execute on our plans for profitable growth and

increased returns. Our goal is to continue to be diligent with our

ăðĪķðÌðĴřșĉðĊĴðĊťĊĊÆðăŦÐŘðÅðăðĴřșĊÌÅÐĨīķÌÐĊĴœðĴìÆĨðĴă

spending.

Analysis of Cash Flows

We had unrestricted cash and cash equivalents of $1.0 billion as of

December 31, 2022. This compares to $2.0 billion and $1.9 billion

as of December 31, 2021 and 2020, respectively. We held both

short and long-term investments in 2022, 2021, and 2020. Our

short-term investments totaled $350 million as of December 31,

2022 compared to $824 million and $1.1 billion as of December 31,

2021 and 2020, respectively.

OPERATING ACTIVITIES

Cash provided by operating activities totaled approximately

ɄǢǦǨɁĉðăăðďĊðĊǡǟǡǡȘ}ìðĮÆďĉĨīÐĮĴďÆĮìĨīďŒðÌÐÌÅřďĨÐīĴðĊæ

activities of $1.6 billion in 2021 and cash used in operating

activities of $683 million in 2020. 2021 includes federal grants

received under various payroll support programs, and the

initial cash receipts associated with our new co-branded credit

card agreements, contributing to the $1.3 billion decrease in

ďĨÐīĴðĊæÆĮìŦďœĮřÐīȭďŒÐīȭřÐīȘĮìĨīďŒðÌÐÌÅřďĨÐīĴðĊæ

activities increased by $2.3 billion in 2021 compared to 2020

principally driven by the receipt of federal grants in 2021 and the

unprecedented decline in demand for air travel caused by the

COVID-19 pandemic in 2020.

(1) Refer to our “Regulation G Reconciliation of Non-GAAP Financial Measures” at the end of this section for more information on this non-GAAP measure.

47JETBLUE AIRWAYS CORPORATION |

2022

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INVESTING ACTIVITIES

Cash used in investing activities totaled approximately

ɄǨǟǧɁĉðăăðďĊșɄǦǟǣĉðăăðďĊșĊÌɄǠȘǢǤÅðăăðďĊðĊǡǟǡǡșǡǟǡǠșĊÌ

2020, respectively.

#ķīðĊæǡǟǡǡșÆĨðĴăÐŘĨÐĊÌðĴķīÐĮīÐăĴÐÌĴďďķīĨķīÆìĮÐďåŦðæìĴ

equipment included $430 million for the purchase of two new

Airbus A321neo aircraft, six Airbus A220 aircraft, and a number

ďåĮĨīÐÐĊæðĊÐĮțɄǠǤǥĉðăăðďĊåďīåăðæìĴÐĪķðĨĉÐĊĴÌÐĨďĮðĴĮș

ɄǠǣǠɁĉðăăðďĊåďīŦðæìĴÐĪķðĨĉÐĊĴœďīāȭðĊȭĨīďæīÐĮĮțĊÌɄǥǣĉðăăðďĊ

for spare part purchases. Other property and equipment capital

expenditures included ground equipment purchases and facilities

improvements for $132 million. Investing activities in 2022 also

included the net proceeds of $321 million from our investment

securities. In 2022, investing activities also included $297 million

in payments related to our acquisition of Spirit.

#ķīðĊæǡǟǡǠșÆĨðĴăÐŘĨÐĊÌðĴķīÐĮīÐăĴÐÌĴďďķīĨķīÆìĮÐďåŦðæìĴ

equipment included $637 million for the purchase of eight new

Airbus A321neo aircraft, seven Airbus A220 aircraft, and a number

ďåĮĨīÐÐĊæðĊÐĮțɄǧǧĉðăăðďĊåďīŦðæìĴÐĪķðĨĉÐĊĴÌÐĨďĮðĴĮțɄǠǢǢ

ĉðăăðďĊåďīŦðæìĴÐĪķðĨĉÐĊĴœďīāȭðĊȭĨīďæīÐĮĮțĊÌɄǣǣĉðăăðďĊ

for spare part purchases. Other property and equipment capital

expenditures included ground equipment purchases and facilities

improvements for $93 million. Investing activities in 2021 also

included the net proceeds of $296 million from our investment

securities.

#ķīðĊæǡǟǡǟșÆĨðĴăÐŘĨÐĊÌðĴķīÐĮīÐăĴÐÌĴďďķīĨķīÆìĮÐďåŦðæìĴ

equipment included $426 million for the purchase of seven new

ðīÅķĮǢǡǠĊÐďðīÆīåĴșďķīťīĮĴǡǡǟðīÆīåĴșĊÌĴìÐÅķřďķĴ

ďåďĊÐðīÅķĮǢǡǠðīÆīåĴăÐĮÐțɄǦǥĉðăăðďĊåďīŦðæìĴÐĪķðĨĉÐĊĴ

ÌÐĨďĮðĴĮțɄǠǤǠĉðăăðďĊåďīåăðæìĴÐĪķðĨĉÐĊĴœďīāȭðĊȭĨīďæīÐĮĮț

and $15 million for spare part purchases. Other property and

equipment capital expenditures included ground equipment

purchases and facilities improvements for $123 million. Investing

activities in 2020 also included the net purchase of $767 million

in investment securities.

We executed aircraft sale-leaseback transactions totaling

ɄǤǥǢɁĉðăăðďĊðĊǡǟǡǟșœìðÆìĨīďŒðÌÐÌĊÌÌðĴðďĊăĮďķīÆÐďå

liquidity during the COVID-19 pandemic. Of these transactions,

$209 million qualified as sales for accounting purposes and

ĴìÐīÐăĴÐÌĨīďÆÐÐÌĮīÐÆăĮĮðťÐÌœðĴìðĊðĊŒÐĮĴðĊæÆĴðŒðĴðÐĮȘ

The remaining $354 million which did not qualify as sales for

ÆÆďķĊĴðĊæĨķīĨďĮÐĮīÐĴīÐĴÐÌĮÆĮìåīďĉťĊĊÆðĊæÆĴðŒðĴðÐĮ

as noted below.

We currently anticipate capital expenditures of approximately

$220 million for the first quarter of 2023, and approximately

ɄǠȘǢɁÅðăăðďĊåďīĴìÐåķăăřÐīǡǟǡǢȘ

FINANCING ACTIVITIES

We made progress in strengthening our balance sheet in 2022 by

reducing our total debt balance from $4.0 billion at December 31,

2021 to $3.6 billion at December 31, 2022.

9ðĊĊÆðĊæÆĴðŒðĴðÐĮÌķīðĊæĴìÐřÐīĨīðĉīðăřÆďĊĮðĮĴÐÌďåÌÐÅĴ

īÐĨřĉÐĊĴĮďåɄǢǥǨĉðăăðďĊďĊďķīďķĴĮĴĊÌðĊæÌÐÅĴĊÌťĊĊÆÐ

lease obligations, which included the following repayments and

ÐŘĴðĊæķðĮìĉÐĊĴĮȚ

■ ɄǢǤǠĉðăăðďĊďĊďķīĴÐīĉăďĊÌÐÅĴț

■ ɄǠǠĉðăăðďĊĴďœīÌĮÐīăřÐŘĴðĊæķðĮìĉÐĊĴďåÌÐÅĴț

■ ɄǥĉðăăðďĊďĊďķīĮăÐăÐĮÐÅÆāďÅăðæĴðďĊĮțĊÌ

■ ɄǠĉðăăðďĊďĊďķīťĊĊÆÐăÐĮÐȘ

}ìÐĮÐĨīðĊÆðĨăĨřĉÐĊĴĮœÐīÐĨīĴðăăřďååĮÐĴÅřȚ

■ $52 million in proceeds from the issuance of common stock

related to our crewmember stock purchase plan.

ăĮďðĊÆăķÌÐÌðĊťĊĊÆðĊæÆĴðŒðĴðÐĮÌķīðĊæǡǟǡǡœÐīÐɄǢǦɁĉðăăðďĊ

in financing fees, of which $35 million was related to the

ɄǢȘǤɁÅðăăðďĊwÐĊðďīwÐÆķīÐÌīðÌæÐ9ÆðăðĴřĴďĮķĨĨďīĴĴìÐĨķīÆìĮÐ

of Spirit, and $6 million used for the acquisition of treasury stock,

which represents the return of shares to satisfy tax payments

associated with crewmember stock compensation that vested

during the period.

We plan to continue to opportunistically pay down those

obligations with the highest costs as we continue to manage

through the recovery.

9ðĊĊÆðĊæÆĴðŒðĴðÐĮÌķīðĊæǡǟǡǠĨīðĉīðăřÆďĊĮðĮĴÐÌďåÌÐÅĴ

īÐĨřĉÐĊĴĮďåɄǠȘǨÅðăăðďĊďĊďķīďķĴĮĴĊÌðĊæÌÐÅĴĊÌťĊĊÆÐ

ăÐĮÐďÅăðæĴðďĊĮșœìðÆìðĊÆăķÌÐÌĴìÐåďăăďœðĊæīÐĨřĉÐĊĴĮȚ

■ ɄǦǡǡĉðăăðďĊďĊďķīĴÐīĉăďĊåÆðăðĴřț

■ ɄǤǤǟĉðăăðďĊďĊďķīīÐŒďăŒðĊæÆīÐÌðĴåÆðăðĴřțĊÌ

■ $115 million on our secured loan balance under the CARES Act

Loan Program.

}ìÐĮÐĨīðĊÆðĨăĨřĉÐĊĴĮœÐīÐĨīĴðăăřďååĮÐĴÅřȚ

■ Net proceeds of $734 million from the issuance of our 0.50%

ďĊŒÐīĴðÅăÐwÐĊðďīUďĴÐĮÌķÐǡǟǡǥț

■ Net proceeds of $276 million and $14 million from the

issuances of unsecured term loans and warrants, respectively,

in connection with Payroll Support Program 2 under the

Consolidated Appropriations Act and Payroll Support Program

ǢķĊÌÐīĴìÐĉÐīðÆĊtÐĮÆķÐqăĊÆĴțĊÌ

■ $46 million in proceeds from the issuance of common stock

related to our crewmember stock purchase plan.

ăĮďðĊÆăķÌÐÌðĊťĊĊÆðĊæÆĴðŒðĴðÐĮÌķīðĊæǡǟǡǠœÐīÐɄǧĉðăăðďĊ

used for the acquisition of treasury stock which represents

the return of shares to satisfy tax payments associated with

crewmember stock compensation that vested during the period.

9ðĊĊÆðĊæÆĴðŒðĴðÐĮÌķīðĊæǡǟǡǟĨīðĉīðăřÆďĊĮðĮĴÐÌďåĊÐĴ

proceeds of $2.2 billion from drawdowns of our credit facilities

ĊÌĴìÐÐŘÐÆķĴðďĊďåĊķĉÅÐīďåťĊĊÆðĊæĴīĊĮÆĴðďĊĮœìðÆì

ðĊÆăķÌÐÌĴìÐåďăăďœðĊæȚ

■ ɄǨǧǠĉðăăðďĊåīďĉďķīǢǥǣȭÌřÌÐăřÐÌÌīœĴÐīĉăďĊåÆðăðĴřț

■ ɄǦǠǦĉðăăðďĊåīďĉĴÐīĉăďĊåÆðăðĴřțĊÌ

■ $550 million from our revolving credit facility.

48 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART II |

A}'TɁǦɁTU:'T'U}ȸw#AwwwAZUU#UOwAwZ99AUUAOZU#A}AZUU#t'wO}wZ9Zq't}AZUw

ăĮďðĊÆăķÌÐÌðĊťĊĊÆðĊæÆĴðŒðĴðÐĮÌķīðĊæǡǟǡǟœÐīÐȚ

■ Net proceeds of $913 million from the public placements of

ÐĪķðĨĉÐĊĴĊďĴÐĮț

■ Net proceeds of $583 million from the offering of 42 million

ĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāț

■ $354 million of aircraft sale-leaseback transactions which did

ĊďĴĪķăðåřĮĮăÐĮåďīÆÆďķĊĴðĊæĨķīĨďĮÐĮț

■ Net proceeds of $259 million and $19 million from the issuance of

unsecured term loan and warrants, respectively, in connection

œðĴìĴìÐqřīďăăwķĨĨďīĴqīďæīĉķĊÌÐīĴìÐt'wÆĴț

■ Net proceeds of $105 million and $9 million from the issuance

of secured term loan and warrants, respectively, in connection

œðĴìĴìÐt'wÆĴOďĊqīďæīĉțĊÌ

■ $35 million in proceeds from the issuance of common stock

related to our crewmember stock purchase plan.

These proceeds were partially offset by the payoff of our

364-day delayed draw term loan facility for $1.0 billion, scheduled

maturities of $372 million relating to debt and finance lease

obligations, $12 million of which were associated with scheduled

rent payments on sale-leaseback aircraft that did not qualify as

sales for accounting purposes, and the acquisitions of treasury

shares of $167 million, of which $160 million related to our

accelerated share repurchases, or ASRs. Our share repurchase

program has been suspended since March 31, 2020.

AĊ9ÐÅīķīřǡǟǡǡșœÐåðăÐÌĊķĴďĉĴðÆĮìÐăåīÐæðĮĴīĴðďĊ

statement with the SEC. Under this shelf registration statement,

we may offer and sell from time to time common stock,

preferred stock, debt securities, depository shares, warrants,

stock purchase contracts, stock purchase units, subscription

īðæìĴĮșĊÌĨĮĮȭĴìīďķæìÆÐīĴðťÆĴÐĮȘÐĉřķĴðăðšÐĴìðĮĮìÐăå

īÐæðĮĴīĴðďĊĮĴĴÐĉÐĊĴșďīīÐĨăÆÐĉÐĊĴťăÐÌœðĴìĴìÐw'șðĊĴìÐ

future to raise capital to fund the continued development of our

products and services, the commercialization of our products and

services, to repay indebtedness, or for other general corporate

purposes. The warrants issued by JetBlue to Treasury under the

Acts were made, and any issuances of our underlying common

stock are expected to be made, in reliance on the exemption from

the registration afforded by Section 4(a)(2) of the Securities Act

for transactions not involving a public offering.

UďĊÐďåďķīăÐĊÌÐīĮďīăÐĮĮďīĮīÐŨăðĴÐÌœðĴìķĮȘ

Capital Resources

Dependent on market conditions, we anticipate using debt

financing for our expected aircraft deliveries in 2023. To the

ÐŘĴÐĊĴœÐÆĊĊďĴĮÐÆķīÐťĊĊÆðĊæďĊĴÐīĉĮœÐÌÐÐĉĴĴīÆĴðŒÐș

we may be required to pay in cash, further modify our aircraft

acquisition plans, or incur higher than anticipated financing

ÆďĮĴĮȘăĴìďķæìœÐÅÐăðÐŒÐÌÐÅĴĊÌȥďīăÐĮÐťĊĊÆðĊæĮìďķăÌ

be available to us if needed, we cannot give assurances we will

ÅÐÅăÐĴďĮÐÆķīÐťĊĊÆðĊæďĊĴÐīĉĮĴĴīÆĴðŒÐĴďķĮșðåĴăăȘ

We have a revolving line of credit with Morgan Stanley for up to

approximately $200 million. This line of credit is secured by a

portion of our investment securities held by Morgan Stanley and

the borrowing amount may vary accordingly. This line of credit

ÅÐīĮðĊĴÐīÐĮĴĴŦďĴðĊæīĴÐÅĮÐÌķĨďĊĴìÐOďĊÌďĊAĊĴÐīÅĊā

Offered Rate, or LIBOR, plus a margin. We did not borrow under

this facility in 2022 or 2021.

We have a revolving Credit and Guaranty Agreement with

Citibank N.A. as the administrative agent, for up to $600 million

ȧĴìÐȵtÐŒďăŒðĊæ9ÆðăðĴřȶȨȘ}ìÐĴÐīĉďåĴìÐtÐŒďăŒðĊæ9ÆðăðĴřīķĊĮ

ĴìīďķæìZÆĴďÅÐīǡǟǡǣȘďīīďœðĊæĮķĊÌÐīĴìÐtÐŒďăŒðĊæ9ÆðăðĴř

ÅÐīðĊĴÐīÐĮĴĴŒīðÅăÐīĴÐÐĪķăĴďwZ9tșĨăķĮĉīæðĊȘ}ìÐ

tÐŒďăŒðĊæ9ÆðăðĴřðĮĮÐÆķīÐÌÅřĮĨīÐĨīĴĮșðīÆīåĴșĮðĉķăĴďīĮș

and certain other assets as permitted thereunder. The Revolving

9ÆðăðĴřðĊÆăķÌÐĮÆďŒÐĊĊĴĮĴìĴīÐĪķðīÐķĮĴďĉðĊĴðĊÆÐīĴðĊ

minimum balances in unrestricted cash, cash equivalents, and

unused commitments available under revolving credit facilities. In

addition, the covenants restrict our ability to, among other things,

dispose of certain collateral, or merge, consolidate, or sell assets.

As of and for the years ended December 31, 2022 and 2021, we

did not have a balance outstanding or any borrowings under the

tÐŒďăŒðĊæ9ÆðăðĴřȘ

Working Capital

ÐìÌœďīāðĊæÆĨðĴăÌÐťÆðĴďåɄǠȘǧÅðăăðďĊĮďå#ÐÆÐĉÅÐīɁǢǠș

ǡǟǡǡÆďĉĨīÐÌĴďÌÐťÆðĴďåɄǠǦǡĉðăăðďĊĮďå#ÐÆÐĉÅÐīǢǠș

2021. Our working capital decreased by $1.7 billion due to several

factors, including a decrease in cash and cash equivalents due

ĴďÌÐÅĴīÐĨřĉÐĊĴĮďĊďķīďķĴĮĴĊÌðĊæÌÐÅĴĊÌťĊĊÆÐăÐĮÐ

obligations and an increase in current maturities of long term

debt related to sale leaseback transactions.

ďīāðĊæÆĨðĴăÌÐťÆðĴĮÆĊÅÐÆķĮĴďĉīřðĊĴìÐðīăðĊÐðĊÌķĮĴīř

since a large portion of air traffic liability is classified within

current liability.

We expect to meet our obligations as they become due through

available cash, investment securities, and internally generated

funds, supplemented, as necessary, by financing activities

and federal government assistance programs, which may be

available to us. We expect to generate positive operating cash

ŦďœȘ>ďœÐŒÐīșœÐÆĊĊďĴĨīÐÌðÆĴœìĴĴìÐÐååÐÆĴďĊďķīÅķĮðĊÐĮĮ

might be from the extremely competitive environment in which

we operate, or from events beyond our control, such as volatile

fuel prices, economic conditions, weather-related disruptions,

airport infrastructure challenges, the spread of infectious

diseases, the impact of other airline bankruptcies, restructurings

or consolidations, U.S. military actions, or acts of terrorism. We

ÅÐăðÐŒÐĴìÐīÐðĮĮķŨÆðÐĊĴăðĪķðÌðĴřŒðăÅăÐĴďķĮĴďĉÐÐĴďķīÆĮì

requirements for at least the next 12 months.

Debt and Finance Leases

As part of our efforts to effectively manage our balance sheet,

we expect to continue to actively manage our debt balances.

Our approach to debt management includes managing the mix

ďåťŘÐÌĊÌŦďĴðĊæīĴÐÌÐÅĴșĊĊķăĉĴķīðĴðÐĮďåÌÐÅĴșĊÌĴìÐ

weighted average cost of debt. Additionally, our unencumbered

ĮĮÐĴĮăăďœĮďĉÐŦÐŘðÅðăðĴřðĊĉĊæðĊæďķīÆďĮĴďåÌÐÅĴĊÌ

capital requirements.

49JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǦɁTU:'T'U}ȸw#AwwwAZUU#UOwAwZ99AUUAOZU#A}AZUU#t'wO}wZ9Zq't}AZUw

Contractual Obligations

ZķīÆďĊĴīÆĴķăďÅăðæĴðďĊĮĴ#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡðĊÆăķÌÐĴìÐåďăăďœðĊæȧðĊÅðăăðďĊĮȨȚ

Payments due in

Total 2023 2024 2025 2026 2027 Thereafter

#ÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ

(1)

$ 4.2 $ 0.7 $ 0.4 $ 0.3 $ 1.0 $ 0.2 $ 1.6

Operating lease obligations 1.0 0.1 0.1 0.1 0.1 0.1 0.5

9ăðæìĴÐĪķðĨĉÐĊĴĨķīÆìĮÐďÅăðæĴðďĊĮ 7.9 1.6 2.1 1.8 1.4 1.0 —

Other obligations

(2)

2.4 0.4 0.4 0.4 0.4 0.5 0.3

TOTAL $ ǠǤȘǤ $ ǡȘǧ $ ǢȘǟ $ ǡȘǥ $ ǡȘǨ $ ǠȘǧ $ ǡȘǣ

ȧǠȨ AĊÆăķÌÐĮÆĴķăðĊĴÐīÐĮĴĊÌÐĮĴðĉĴÐÌðĊĴÐīÐĮĴåďīåăďĴðĊæȭīĴÐÌÐÅĴÅĮÐÌďĊ#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡīĴÐĮȘ

ȧǡȨ ĉďķĊĴĮðĊÆăķÌÐĊďĊȭÆĊÆÐăÅăÐÆďĉĉðĴĉÐĊĴĮåďīĴìÐĨķīÆìĮÐďåæďďÌĮĊÌĮÐīŒðÆÐĮȘ

}ìÐðĊĴÐīÐĮĴīĴÐĮīÐťŘÐÌåďīɄǢȘǥÅðăăðďĊďåďķīÌÐÅĴĊÌťĊĊÆÐ

ăÐĮÐďÅăðæĴðďĊĮșœðĴìĴìÐīÐĉðĊðĊæɄǟȘǠÅðăăðďĊìŒðĊæŦďĴðĊæ

ðĊĴÐīÐĮĴīĴÐĮȘ}ìÐŦďĴðĊæðĊĴÐīÐĮĴīĴÐĮÌþķĮĴÐðĴìÐīĪķīĴÐīăř

or semi-annually based on LIBOR. The weighted average maturity

ďåăăďåďķīÌÐÅĴœĮĮðŘřÐīĮĮďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡȘ

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșœÐÅÐăðÐŒÐœÐœÐīÐðĊÆďĉĨăðĊÆÐ

with the covenants of our debt and lease agreements and

approximately 65% of our owned property and equipment and

intangible assets at net book value were pledged or committed

to be pledged as security under various loan agreements.

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșœÐìÌďĨÐīĴðĊæăÐĮÐďÅăðæĴðďĊĮåďīǥǡ

aircraft with lease terms that expire between 2023 and 2032. Our

aircraft lease agreements contain termination provisions which

include standard maintenance and return conditions. Our policy

is to record these lease return conditions when they are probable

and the costs can be estimated. We also lease airport terminal

space and other airport facilities in each of our markets, as well

ĮďŨÆÐĮĨÆÐĊÌďĴìÐīÐĪķðĨĉÐĊĴȘÐìŒÐĨĨīďŘðĉĴÐăř

ɄǠǟǤɁĉðăăðďĊďåīÐĮĴīðÆĴÐÌĮĮÐĴĮĨăÐÌæÐÌķĊÌÐīĮĴĊÌÅřăÐĴĴÐīĮ

of credit related to certain of our leases which will expire at the

end of the related leases. In November 2022, we partnered with

LTqĴďťĊĊÆÐșÌÐŒÐăďĨĊÌďĨÐīĴÐL9NȸĮ}ÐīĉðĊăǥĴìīďķæì

ɄǥǤɁĉðăăðďĊăÐĴĴÐīďåÆīÐÌðĴðĊÐŘÆìĊæÐåďīǤɦďœĊÐīĮìðĨȘ}ìðĮ

amount is included in restricted cash on the consolidated balance

ĮìÐÐĴĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘĮďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡșĴìÐ

ŒÐīæÐæÐďåďķīďĨÐīĴðĊæŦÐÐĴœĮǠǡȘǣřÐīĮȘ

ZķīťīĉðīÆīåĴďīÌÐīÅďďāĮďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡœĮĮåďăăďœĮ

Yea r Airbus A321neo Airbus A220 Total

2023 12 18 30

2024 13 30 43

2025 11 24 35

2026 12 14 26

2027 14 — 14

TOTAL ǥǡ ǧǥ Ǡǣǧ

ȧǠȨ ZķīðīÆīåĴďīÌÐīÅďďāðĮĮķÅþÐÆĴĴďÆìĊæÐÅĮÐÌďĊĉďÌðåðÆĴðďĊĮĴďĴìÐÆďĊĴīÆĴķăæīÐÐĉÐĊĴĮďīÆìĊæÐĮðĊĴìÐÌÐăðŒÐīřĮÆìÐÌķăÐĮȘ

ďĉĉðĴĴÐÌÐŘĨÐĊÌðĴķīÐĮåďīďķīťīĉðīÆīåĴĊÌĮĨīÐÐĊæðĊÐĮ

include estimated amounts for contractual price escalations

and pre-delivery deposits. We expect to meet our pre-delivery

deposit requirements for our aircraft by paying cash or by using

short-term borrowing facilities for deposits generally required

ĮðŘɁĴďǡǣɁĉďĊĴìĮĨīðďīĴďÌÐăðŒÐīřȘĊřĨīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮĨðÌ

by the issuance of notes are fully repaid at the time of delivery of

the related aircraft.

Zķī}ÐīĉðĊăĴL9Nș}ǤșðĮæďŒÐīĊÐÌÅřăÐĮÐæīÐÐĉÐĊĴœÐ

ÐĊĴÐīÐÌðĊĴďœðĴìĴìÐqUULðĊǡǟǟǤȘɁÐīÐīÐĮĨďĊĮðÅăÐåďī

making various payments under the lease. This includes ground

rents for the terminal site which began at the time of the lease

execution in 2005 and facility rents commenced in October

ǡǟǟǧķĨďĊďķīďÆÆķĨĊÆřďå}ǤȘɁ}ìÐåÆðăðĴřīÐĊĴĮīÐÅĮÐÌ

on the number of passengers enplaned out of the terminal,

ĮķÅþÐÆĴĴďĊĊķăĉðĊðĉķĉĮȘɁ}ìÐqUULīÐðĉÅķīĮÐÌķĮåďī

construction costs of this project in accordance with the terms

of the lease, except for approximately $76 million in leasehold

improvements provided by us. In 2012, we amended this lease

to include additional ground space for our international arrivals

facility, T5i, which we opened in November 2014. Minimum ground

ĊÌåÆðăðĴřīÐĊĴĮĴL9NĴďĴăðĊæɄǣǨǥĉðăăðďĊīÐðĊÆăķÌÐÌðĊĴìÐ

commitments table above as operating lease obligations. In

50 JETBLUE AIRWAYS CORPORATION |

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PART II |

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November 2022, we amended the lease to relinquish a portion of

the former Terminal 6 property to allow for development of a new

Terminal 6 by our development partners JMP.

tÐŨīĉðĊæďķīÆďĉĉðĴĉÐĊĴĴďUÐœďīāșðĊ9ÐÅīķīřǡǟǡǡșœÐ

executed a new lease for our primarily corporate offices that

will extend our stay in the present Long Island City location until

2039. The term of this lease will begin in 2023. The new lease

ðĊÆīÐĮÐÌďķīăÐĮÐÆďĉĉðĴĉÐĊĴĮÅřĨĨīďŘðĉĴÐăřɄǢɁĉðăăðďĊ

ðĊǡǟǡǣșɄǥɁĉðăăðďĊðĊǡǟǡǤșɄǧɁĉðăăðďĊðĊǡǟǡǥșĊÌĊĊĴðÆðĨĴÐÌ

ăÐĮÐÐŘĨÐĊÌðĴķīÐďåɄǠǟǟɁĉðăăðďĊĴìÐīÐåĴÐīȘÐìŒÐďĊÐȭĴðĉÐ

option to terminate the lease in 2034. At the end of the initial

lease term, we have the option to renew the lease for either one

īÐĊÐœăĴÐīĉďåǠǟřÐīĮșďīĴœďīÐĊÐœăĴÐīĉĮďåťŒÐřÐīĮÐÆìȘ

We enter into individual employment agreements with each of

ďķīĊďĊȭķĊðďĊðšÐÌ9ȭăðÆÐĊĮÐÌÆīÐœĉÐĉÅÐīĮșðĊĮĨÐÆĴďīĮș

ĊÌðīĴīŨÆÆďĊĴīďăăÐīĮȘ'ÆìÐĉĨăďřĉÐĊĴæīÐÐĉÐĊĴðĮåďī

ĴÐīĉďåťŒÐřÐīĮĊÌķĴďĉĴðÆăăřīÐĊÐœĮåďīĊÌÌðĴðďĊă

ťŒÐȭřÐīĴÐīĉķĊăÐĮĮĴìÐÆīÐœĉÐĉÅÐīðĮĴÐīĉðĊĴÐÌåďīÆķĮÐ

or the crewmember elects not to renew it. Pursuant to these

agreements, these crewmembers can only be terminated for

cause. In the event of a downturn in our business requiring a

īÐÌķÆĴðďĊðĊŦřðĊæĊÌīÐăĴÐÌœďīāìďķīĮșœÐīÐďÅăðæĴÐÌĴď

pay these crewmembers a guaranteed level of income and to

continue their benefits. As we are not currently obligated to

ĨřĴìðĮæķīĊĴÐÐÌðĊÆďĉÐĊÌÅÐĊÐťĴĮșĊďĉďķĊĴĮīÐăĴÐÌ

to these guarantees are included in the contractual obligations

table above.

Off-Balance Sheet Arrangements

We have determined that we hold a variable interest in, but are

ĊďĴĴìÐĨīðĉīřÅÐĊÐťÆðīřďåșÆÐīĴðĊĨĮĮȭĴìīďķæìĴīķĮĴĮȘ}ìÐ

ÅÐĊÐťÆðīðÐĮďåĴìÐĮÐĨĮĮȭĴìīďķæìĴīķĮĴĮīÐĴìÐĨķīÆìĮÐīĮ

ďåÐĪķðĨĉÐĊĴĊďĴÐĮðĮĮķÐÌÅřķĮĴďťĊĊÆÐĴìÐÆĪķðĮðĴðďĊďå

aircraft. Each trust maintains a liquidity facility whereby a third

ĨīĴřæīÐÐĮĴďĉāÐĨřĉÐĊĴĮĮķŨÆðÐĊĴĴďĨřķĨĴďǠǧɁĉďĊĴìĮ

ďåðĊĴÐīÐĮĴďĊĴìÐĨĨăðÆÅăÐÆÐīĴðťÆĴÐĮðåĨřĉÐĊĴÌÐåķăĴ

occurs.

We have also made certain guarantees and indemnities to other

unrelated parties that are not reflected on our consolidated

ÅăĊÆÐĮìÐÐĴĮșœìðÆìœÐÅÐăðÐŒÐœðăăĊďĴìŒÐĮðæĊðťÆĊĴðĉĨÆĴ

ďĊďķīīÐĮķăĴĮďåďĨÐīĴðďĊĮșťĊĊÆðăÆďĊÌðĴðďĊďīÆĮìŦďœĮȘÐ

have no other off-balance sheet arrangements. See Notes 3, 4,

ĊÌǠǠĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆăķÌÐÌðĊAĴÐĉǧș

for a more detailed discussion of our variable interests and other

contingencies, including guarantees and indemnities.

Climate Change

Concern over climate change, including the impact of global

œīĉðĊæșìĮăÐÌĴďĮðæĊðťÆĊĴȘwȘĊÌðĊĴÐīĊĴðďĊăăÐæðĮăĴðŒÐ

and regulatory efforts to limit greenhouse gas emissions,

including our aircraft and ground operations emissions. Below

is a discussion of the regulations that are relevant to JetBlue and

the efforts we have taken to address climate change.

Legislation, Regulation, and Accords on

Climate Change

CARBON OFFSETTING AND REDUCTION SCHEME FOR

INTERNATIONAL AVIATION

In October 2016, ICAO passed a resolution adopting the Carbon

Offsetting and Reduction Scheme for International Aviation

ȧȵZtwAȶȨșœìðÆìðĮæăďÅășĉīāÐĴȭÅĮÐÌÐĉðĮĮðďĊĮďååĮÐĴ

program to encourage carbon-neutral growth beyond 2020.

Annual international emissions reporting is required via CORSIA as

of the 2019 reporting year, and offsetting compliance is scheduled

to be implemented through multiple phases beginning in 2021. In

2020, given the impact of COVID-19 which dramatically reduced

2020 emissions, ICAO agreed that the baseline from which the

industry achieves carbon neutral growth would be from 2019 only,

rather than an average of 2019 and 2020 as originally intended.

ICAO continues to develop details regarding implementation, but

we expect compliance with CORSIA will increase our operating

costs.

SUSTAINABLE SKIES ACT

In May 2021, the Sustainable Skies Act was introduced in the

United States Congress to amend the Internal Revenue Code of

ǠǨǧǥĴďĨīďŒðÌÐĴŘÆīÐÌðĴåďīĮķĮĴðĊÅăÐŒðĴðďĊåķÐăȧȵw9ȶȨȘ

ĊÌÐīĴìðĮĨīďĨďĮășw9ĴìĴÆìðÐŒÐǤǟɦďīæīÐĴÐīīÐÌķÆĴðďĊ

ðĊăðåÐÆřÆăÐ:>:ÐĉðĮĮðďĊĮœďķăÌÅÐÐăðæðÅăÐĴďīÐÆÐðŒÐĴŘÆīÐÌðĴ

ranging from $1.50 per gallon to $2.00 per gallon.

We are supportive of this proposed legislation and consider this

to be a meaningful development to stimulate the production of

w9șĉāðĊæðĴĉďīÐååďīÌÅăÐĊÌœðÌÐăřŒðăÅăÐȘÐÅÐăðÐŒÐ

this to be an important step in helping the U.S. airline industry

reach its goal of achieving net-zero carbon emissions by 2050.

Actions Taken to Address Climate Change

JetBlue is committed to proactively responding to climate

change by taking meaningful steps to decarbonize our business

and mitigating climate risks that may materially impact the

business. As one of our key company-wide strategic priorities,

we are pursuing six key levers to decarbonize our business. We

discuss these levers and other sustainability initiatives in “Item

ǠȘķĮðĊÐĮĮȯ'ĊŒðīďĊĉÐĊĴășwďÆðă:ďŒÐīĊĊÆÐȯ'ĊŒðīďĊĉÐĊĴăȶ

above.

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Other Impacts of Climate Change

The number of extreme weather events, such as hurricanes,

typhoons, wildfires, and rainstorms, associated with climate

change is expected to increase. Occurrences of these extreme

weather events may result inflight cancellations, delays, and

diversions, severely impacting our operations and thus adversely

ååÐÆĴðĊæďķīťĊĊÆðăīÐĮķăĴĮĊÌÆďĊÌðĴðďĊĮȘ

Critical Accounting Policies and Estimates

The preparation of our consolidated financial statements in

conformity with generally accepted accounting principles in

the United States, or GAAP, requires management to adopt

accounting policies as well as make estimates and judgments

to develop amounts reported in our financial statements and

accompanying notes. We maintain a thorough process to review

the application of our accounting policies and to evaluate the

appropriateness of the estimates that are required to prepare our

ťĊĊÆðăĮĴĴÐĉÐĊĴĮȘÐÅÐăðÐŒÐďķīÐĮĴðĉĴÐĮĊÌþķÌæĉÐĊĴĮīÐ

īÐĮďĊÅăÐțìďœÐŒÐīșÆĴķăīÐĮķăĴĮĊÌĴìÐĴðĉðĊæďåīÐÆďæĊðĴðďĊ

of such amounts could differ from those estimates. In addition,

estimates routinely require adjustment based on changing

circumstances and the receipt of new or better information.

īðĴðÆăÆÆďķĊĴðĊæĨďăðÆðÐĮĊÌÐĮĴðĉĴÐĮīÐÌÐťĊÐÌĮĴìďĮÐ

ĴìĴīÐīÐŦÐÆĴðŒÐďåĮðæĊðťÆĊĴþķÌæĉÐĊĴĮĊÌķĊÆÐīĴðĊĴðÐĮ

that could potentially result in materially different results under

different assumptions and conditions. The policies and estimates

discussed below have been reviewed with our independent

īÐæðĮĴÐīÐÌĨķÅăðÆÆÆďķĊĴðĊæťīĉĊÌœðĴìĴìÐķÌðĴďĉĉðĴĴÐÐ

ďåďķīďīÌďå#ðīÐÆĴďīĮȘ9ďīÌðĮÆķĮĮðďĊďåĴìÐĮÐĊÌďĴìÐī

ĮðæĊðťÆĊĴÆÆďķĊĴðĊæĨďăðÆðÐĮșĮÐÐUďĴÐɁǠĴďďķīÆďĊĮďăðÌĴÐÌ

ťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆăķÌÐÌðĊAĴÐĉǧȘ

qĮĮÐĊæÐītÐŒÐĊķÐɁɁ

Ticket sales and the fees collected for related ancillary services

are initially deferred in air traffic liability. Air traffic liability

īÐĨīÐĮÐĊĴĮĴðÆāÐĴĮĮďăÌÅķĴĊďĴřÐĴŦďœĊșÆīÐÌðĴĮœìðÆìÆĊÅÐ

used for future travel, and a portion of the liability related to our

TrueBlue® loyalty program. We allocate the transaction price to

ÐÆìĨÐīåďīĉĊÆÐďÅăðæĴðďĊðÌÐĊĴðťÐÌðĊĨĮĮÐĊæÐīĴðÆāÐĴďĊ

a relative standalone basis. Passenger revenue, including certain

ancillary fees directly related to passenger tickets, is recognized

when the transportation is provided. Taxes that we are required

to collect from our customers, including foreign and U.S. federal

transportation taxes, security taxes, and airport facility charges,

are excluded from passenger revenue. Those taxes and fees are

recorded as a liability upon collection and are relieved from the

liability upon remittance to the applicable governmental agency.

The majority of the tickets we sell are non-refundable. Non-

refundable fares may be canceled prior to the scheduled

departure date for a credit for future travel. Refundable fares

may be canceled at any time prior to the scheduled departure

ÌĴÐȘ9ðăķīÐĴďÆĊÆÐăīÐåķĊÌÅăÐåīÐĨīðďīĴďÌÐĨīĴķīÐœðăă

result in the cancellation of the original ticket and an issuance

of a credit for future travel. Passenger credits can generally be

used for future travel up to a year from the date of issuance. In

response to the impact of COVID-19 on air travel, we extended the

ÐŘĨðīĴðďĊÌĴÐĮåďīĴīŒÐăÆīÐÌðĴĮðĮĮķÐÌåīďĉ9ÐÅīķīřǡǦșǡǟǡǟ

through June 30, 2020 to a 24-month period. In January 2022, in

īÐĮĨďĊĮÐĴďĴìÐĮķīæÐðĊZA#ȭǠǨÆĮÐĮĊÌŦðæìĴÆĊÆÐăăĴðďĊĮ

in late 2021, we further extended the expiration dates for travel

ÆīÐÌðĴĮœðĴìĊďīðæðĊăÐŘĨðīĴðďĊÌĴÐÅÐĴœÐÐĊ9ÐÅīķīřǠșǡǟǡǟ

through September 29, 2022 to September 30, 2022. All credits

extended due to COVID-19 have expired as of December 31, 2022.

Passenger breakage revenue from unused tickets and passenger

ÆīÐÌðĴĮœðăăÅÐīÐÆďæĊðšÐÌðĊĨīďĨďīĴðďĊĴďŦďœĊīÐŒÐĊķÐÅĮÐÌ

on estimates of expected expiration when the likelihood of the

customer exercising his or her remaining rights becomes remote.

Breakage revenue consists of non-refundable tickets that remain

unused past the departure date, have continued validity, and are

expected to ultimately expire unused, as well as passenger credits

that are not expected to be redeemed prior to expiration. JetBlue

uses estimates based on historical experience of expired tickets

and credits and considers other factors that could impact future

expiration patterns of tickets and credits. Tickets which do not

have continued validity past the departure date are recognized as

revenue after the scheduled departure date has lapsed.

Passenger ticket costs primarily include credit card fees,

commissions paid, and global distribution systems booking fees.

Costs are allocated entirely to the purchased travel services and

are capitalized until recognized when travel services are provided

to the customer.

OďřăĴřqīďæīĉɁ

Customers may earn points under our customer loyalty program,

TrueBlue®, based on the fare paid and fare product purchased for a

ŦðæìĴȘķĮĴďĉÐīĮÆĊăĮďÐīĊĨďðĊĴĮĴìīďķæìÅķĮðĊÐĮĮĨīĴĊÐīĮ

such as credit card companies, hotels, car rental companies, and

our participating airline partners.

POINTS EARNED FROM A TICKET PURCHASE

When a TrueBlue® member travels, we recognize a portion of the

åīÐĮīÐŒÐĊķÐĊÌÌÐåÐīðĊðīĴīŨÆăðÅðăðĴðÐĮĴìÐĨďīĴðďĊĴìĴ

represents the value of the points net of spoilage, or breakage. We

allocate the transaction price to each performance obligation on

a relative standalone basis. We determine the standalone selling

price of TrueBlue® points issued using the redemption value

approach. To maximize the use of observable inputs, we utilize the

actual ticket value of the tickets purchased with TrueBlue® points.

The liability is relieved and passenger revenue is recognized when

the points are redeemed and the free travel is provided.

52 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART II |

A}'TɁǦɁTU:'T'U}ȸw#AwwwAZUU#UOwAwZ99AUUAOZU#A}AZUU#t'wO}wZ9Zq't}AZUw

POINTS SOLD TO TRUEBLUE® PARTNERS

Our most significant contract to sell TrueBlue® points is

with our co-branded credit card partner. Co-branded credit

card partnerships have the following identified performance

ďÅăðæĴðďĊĮȚðīĴīĊĮĨďīĴĴðďĊțķĮÐďåĴìÐLÐĴăķÐÅīĊÌĊĉÐș

ĊÌÆÆÐĮĮĴďďķīåīÐĪķÐĊĴŦřÐīÆķĮĴďĉÐīăðĮĴĮțÌŒÐīĴðĮðĊæțĊÌ

ďĴìÐīðīăðĊÐÅÐĊÐťĴĮȘAĊÌÐĴÐīĉðĊðĊæĴìÐÐĮĴðĉĴÐÌĮĴĊÌăďĊÐ

selling price, JetBlue considers multiple inputs, methods, and

ĮĮķĉĨĴðďĊĮșðĊÆăķÌðĊæȚÌðĮÆďķĊĴÐÌÆĮìåăďœĮțÐĮĴðĉĴÐÌ

īÐÌÐĉĨĴðďĊŒăķÐșĊÐĴďååķăťăăĉÐĊĴÌðĮÆďķĊĴțĨďðĊĴĮÐŘĨÐÆĴÐÌ

ĴďÅÐœīÌÐÌĊÌīÐÌÐÐĉÐÌțÐĮĴðĉĴÐÌĊĊķăĮĨÐĊÌðĊæÅř

ÆīÌìďăÌÐīĮțÐĮĴðĉĴÐÌĊĊķăīďřăĴřåďīķĮÐďåLÐĴăķÐȸĮ

åīÐĪķÐĊĴŦřÐīÆķĮĴďĉÐīăðĮĴĮțĊÌÐĮĴðĉĴÐÌķĴðăðšĴðďĊďåďĴìÐī

ðīăðĊÐÅÐĊÐťĴĮȘqřĉÐĊĴĮīÐĴřĨðÆăăřÌķÐĉďĊĴìăřÅĮÐÌďĊ

the volume of points sold during the period, and the terms of

our marketing contracts are generally from one to ten years. The

overall consideration received is allocated to each performance

obligation based on its relative standalone selling price. The air

transportation element is deferred and recognized as passenger

revenue when the points are redeemed. The other elements are

recognized as other revenue when the performance obligations

īÐăĴÐÌĴďĴìďĮÐĮÐīŒðÆÐĮīÐĮĴðĮťÐÌșœìðÆìðĮæÐĊÐīăăřĴìÐĮĉÐ

period as when consideration is received from the participating

company.

Amounts allocated to the air transportation element which

are initially deferred include a portion that are expected to be

redeemed during the following twelve months (included within

Air traffic liability), and a portion that are not expected to be

redeemed during the following twelve months (included within Air

ĴīŨÆăðÅðăðĴřȭĊďĊȭÆķīīÐĊĴȨȘÐĨÐīðďÌðÆăăřķĨÌĴÐĴìðĮĊăřĮðĮ

and adjust the split between current and non-current liabilities

as appropriate.

Points earned by TrueBlue® members never expire. TrueBlue®

members can pool points between small groups of people,

branded as Points Pooling™. Breakage is estimated using

historical redemption patterns to determine a breakage rate.

Breakage rates used to estimate breakage revenue are evaluated

annually. Changes to breakage estimates impact revenue

recognition prospectively.

ÆÆďķĊĴðĊæåďīOďĊæȭOðŒÐÌĮĮÐĴĮɁɁɁɁ

In accounting for long-lived assets, we make estimates about the

expected useful lives, projected residual values, and the potential

for impairment. In estimating useful lives and residual values of

our aircraft, we have relied upon actual industry experience with

the same or similar aircraft types and our anticipated utilization

of the aircraft. Changing market prices of new and used aircraft,

government regulations, and changes in our maintenance

program or operations could result in changes to these estimates.

Our long-lived assets are evaluated for impairment when

events and circumstances indicate the assets may be impaired.

Indicators include operating or cash flow losses, significant

decreases in market value, or changes in technology.

To determine if impairment exists for our aircraft used in

ďĨÐīĴðďĊĮșœÐæīďķĨďķīðīÆīåĴÅřŦÐÐĴȭĴřĨÐȧĴìÐăďœÐĮĴăÐŒÐăåďī

œìðÆìĴìÐīÐīÐðÌÐĊĴðťÅăÐÆĮìŦďœĮȨĊÌĴìÐĊÐĮĴðĉĴÐĴìÐðī

åķĴķīÐÆĮìŦďœĮÅĮÐÌďĊĨīďþÐÆĴðďĊĮďåÆĨÆðĴřșðīÆīåĴæÐș

maintenance requirements, and other relevant conditions. An

impairment occurs when the sum of the estimated undiscounted

future cash flows are less than the aggregate carrying value

ďåĴìÐŦÐÐĴȘ}ìÐðĉĨðīĉÐĊĴăďĮĮīÐÆďæĊðšÐÌðĮĴìÐĉďķĊĴÅř

œìðÆìĴìÐŦÐÐĴȸĮÆīīřðĊæŒăķÐÐŘÆÐÐÌĮðĴĮÐĮĴðĉĴÐÌåðīŒăķÐȘ

We estimate aircraft fair value using third party valuations which

consider the effects of the current market environment, age of

the assets, maintenance condition of the airframe and engines

and marketability. We recorded $52 million of impairment

īÐăĴÐÌĴďďķī'ĉÅīÐī'ǠǨǟŦÐÐĴĴīĊĮðĴðďĊåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡȘ

tÐåÐīĴďUďĴÐǠǥĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆăķÌÐÌ

in Item 8 for further details of our impairment charges.

OÐĮÐÆÆďķĊĴðĊæɁɁɁ

ÐďĨÐīĴÐðīĨďīĴåÆðăðĴðÐĮșďŨÆÐÅķðăÌðĊæĮșĊÌðīÆīåĴķĊÌÐī

operating leases with minimum lease payments. We recognize

the costs associated with these agreements as rent expense

on a straight-line basis over the expected lease term. Within

the provisions of certain leases, there are minimum escalations

in payments over the base lease term. There are also periodic

adjustments of lease rates, landing fees, and other charges

applicable under such agreements, as well as renewal periods.

The effects of the escalations and other adjustments have been

īÐŦÐÆĴÐÌðĊīÐĊĴÐŘĨÐĊĮÐďĊĮĴīðæìĴȭăðĊÐÅĮðĮďŒÐīĴìÐăÐĮÐ

term. This includes renewal periods when it is deemed to be

reasonably assured at the inception of the lease. The amortization

period for leasehold improvements is the term used in calculating

straight-line rent expense or their estimated economic life,

whichever is shorter.

#ÐīðŒĴðŒÐAĊĮĴīķĉÐĊĴĮķĮÐÌåďīðīÆīåĴ9ķÐăɁɁɁ

ÐķĴðăðšÐťĊĊÆðăÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴĮĴďĉĊæÐĴìÐīðĮā

of changing aircraft fuel prices. We do not purchase or hold

ĊřÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴåďīĴīÌðĊæĨķīĨďĮÐĮȘ9ðīŒăķÐĮ

are determined using commodity prices provided to us by

independent third parties. When possible, we designate these

ðĊĮĴīķĉÐĊĴĮĮÆĮìŦďœìÐÌæÐĮåďīÆÆďķĊĴðĊæĨķīĨďĮÐĮșĮ

ÌÐťĊÐÌÅřĴìÐ#ÐīðŒĴðŒÐĮĊÌ>ÐÌæðĊæĴďĨðÆďåĴìÐďÌðťÆĴðďĊ

which permits the deferral of the effective portions of gains or

losses until contract settlement.

53JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǦɁTU:'T'U}ȸw#AwwwAZUU#UOwAwZ99AUUAOZU#A}AZUU#t'wO}wZ9Zq't}AZUw

The #ÐīðŒĴðŒÐĮĊÌ>ÐÌæðĊæ topic is a complex accounting

ĮĴĊÌīÌȘAĴīÐĪķðīÐĮķĮĴďÌÐŒÐăďĨĊÌĉðĊĴðĊĮðæĊðťÆĊĴ

ĉďķĊĴďåÌďÆķĉÐĊĴĴðďĊīÐăĴÐÌĴďȚ

(1) our fuel hedging program and fuel management approach,

(2) statistical analysis supporting a highly correlated relationship

ÅÐĴœÐÐĊĴìÐķĊÌÐīăřðĊæÆďĉĉďÌðĴřðĊĴìÐÌÐīðŒĴðŒÐťĊĊÆðă

instrument and the risk being hedged, i.e. aircraft fuel, on both

a historical and prospective basis, and

ȧǢȨ ÆĮìŦďœÌÐĮðæĊĴðďĊåďīÐÆììÐÌæðĊæĴīĊĮÆĴðďĊÐŘÐÆķĴÐÌș

to be developed concurrently with the hedging transaction.

This documentation requires us to estimate forward aircraft fuel

prices since there is no reliable forward market for aircraft fuel.

These prices are developed through the observation of similar

commodity futures prices, such as crude oil and/or heating oil,

and adjusted based on variations to those like commodities.

>ðĮĴďīðÆăăřșďķīìÐÌæÐĮìŒÐĮÐĴĴăÐÌœðĴìðĊǡǣĉďĊĴìĮțĴìÐīÐåďīÐș

the deferred gains and losses have been recognized into earnings

over a relatively short period of time.

Regulation G Reconciliation of Non-GAAP Financial Measures

ÐĮďĉÐĴðĉÐĮķĮÐĊďĊȭ:qťĊĊÆðăĉÐĮķīÐĮðĊĴìðĮīÐĨďīĴȘ

Non-GAAP financial measures are financial measures that

are derived from the consolidated financial statements, but

that are not presented in accordance with generally accepted

accounting principles in the United States, or GAAP. We believe

these non-GAAP financial measures provide a meaningful

comparison of our results to others in the airline industry and

ďķīĨīðďīřÐīīÐĮķăĴĮȘɁAĊŒÐĮĴďīĮĮìďķăÌÆďĊĮðÌÐīĴìÐĮÐĊďĊȭ

:qťĊĊÆðăĉÐĮķīÐĮðĊÌÌðĴðďĊĴďșĊÌĊďĴĮĮķÅĮĴðĴķĴÐ

åďīșďķīťĊĊÆðăĨÐīåďīĉĊÆÐĉÐĮķīÐĮĨīÐĨīÐÌðĊÆÆďīÌĊÆÐ

œðĴì:qȘɁ9ķīĴìÐīșďķīĊďĊȭ:qðĊåďīĉĴðďĊĉřÅÐÌðååÐīÐĊĴ

from the non-GAAP information provided by other companies.

The information below provides an explanation of each non-

GAAP financial measure and shows a reconciliation of non-

:qťĊĊÆðăĉÐĮķīÐĮķĮÐÌðĊĴìðĮťăðĊæĴďĴìÐĉďĮĴÌðīÐÆĴăř

ÆďĉĨīÅăÐ:qťĊĊÆðăĉÐĮķīÐĮȘ

Operating Expense per Available Seat Mile,

excluding fuel and related taxes, other non-

airline operating expenses, and special items

(“CASM Ex-Fuel”)

Operating expenses per available seat mile, or CASM, is a common

ĉÐĴīðÆķĮÐÌðĊĴìÐðīăðĊÐðĊÌķĮĴīřȘɁÐÐŘÆăķÌÐðīÆīåĴåķÐăĊÌ

related taxes, operating expenses related to other non-airline

businesses, such as our subsidiaries, JetBlue Technology

Ventures and JetBlue Travel Products, and special items from

operating expenses to determine CASM ex-fuel, which is a non-

:qťĊĊÆðăĉÐĮķīÐȘ

Special items for 2022 include impairment related to our Embraer

E190 fleet transition, expenses related to the ALPA contract

īĴðťÆĴðďĊÅďĊķĮșÐŘĨÐĊĮÐĮīÐăĴÐÌĴďďķīÆĪķðĮðĴðďĊďåwĨðīðĴș

and expenses related to the implementation of the TWU contract.

Special items for 2021 include contra-expenses recognized on

the utilization of federal grants received under various payroll

support programs, contra-expenses recognized on the Employee

Retention Credits provided by the CARES Act, and one-time costs

īÐăĴÐÌĴďĴìÐīĴðťÆĴðďĊďåĴìÐÆďăăÐÆĴðŒÐÅīæðĊðĊææīÐÐĉÐĊĴ

œðĴìďķīðĊŦðæìĴÆīÐœĉÐĉÅÐīĮȘ

Special items for 2020 include contra-expenses recognized

on the utilization of payroll support grants received under the

CARES Act, contra-expenses recognized on the Employee

Retention Credits provided by the CARES Act, impairment

īÐăĴÐÌĴďďķī'ĉÅīÐī'ǠǨǟŦÐÐĴĴīĊĮðĴðďĊșăďĮĮÐĮæÐĊÐīĴÐÌ

from certain aircraft sale-leaseback transactions, and one-time

costs associated with our voluntary crewmember separation

programs.

Special items for 2019 include impairment related to our Embraer

E190 fleet transition as well as one-time costs related to the

īĴðťÆĴðďĊĊÌðĉĨăÐĉÐĊĴĴðďĊďåďķīĨðăďĴĮȸÆďăăÐÆĴðŒÐÅīæðĊðĊæ

agreement.

We believe that CASM ex-fuel is useful for investors because it

ĨīďŒðÌÐĮðĊŒÐĮĴďīĮĴìÐÅðăðĴřĴďĉÐĮķīÐťĊĊÆðăĨÐīåďīĉĊÆÐ

excluding items beyond our control, such as fuel costs, which are

subject to many economic and political factors, or not related

to the generation of an available seat mile, such as operating

expense related to other non-airline businesses. We believe this

non-GAAP measure is more indicative of our ability to manage

airline costs and is more comparable to measures reported by

other major airlines.

54 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART II |

A}'TɁǦɁTU:'T'U}ȸw#AwwwAZUU#UOwAwZ99AUUAOZU#A}AZUU#t'wO}wZ9Zq't}AZUw

NON-GAAP FINANCIAL MEASURE

RECONCILIATION OF OPERATING EXPENSE PER ASM, EXCLUDING FUEL

(in millions; per ASM data in cents)

2022 2021 2020 2019

$ per ASM $ per ASM $ per ASM $ per ASM

Total operating expenses $ 9,456 14.67 $ 6,117 11.30 $ 4,671 14.29 $ 7,294 11.43

OÐĮĮȚ

Aircraft fuel and related taxes 3,105 4.82 1,436 2.65 631 1.93 1,847 2.89

Other non-airline expenses 55 0.08 43 0.08 35 0.10 46 0.08

Special items 113 0.18 (833) (1.54) (283) (0.86) 14 0.02

Operating expenses, excluding fuel $ 6,183 9.59 $ 5,471 10.11 $ 4,288 13.12 $ 5,387 8.44

Reconciliation of Operating Expense, Income

(Loss) before Taxes, Net Income (Loss) and

Earnings (Loss) per Share, excluding special

items and gain on equity investments

Our GAAP results in the applicable periods were impacted by

credits and charges that are deemed special items.

Special items for 2022 include impairment related to our Embraer

E190 fleet transition, expenses related to the ALPA contract

īĴðťÆĴðďĊÅďĊķĮșÐŘĨÐĊĮÐĮīÐăĴÐÌĴďďķīÆĪķðĮðĴðďĊďåwĨðīðĴș

and expenses related to the implementation of the TWU contract.

In 2021, special items include contra-expenses recognized on

the utilization of federal grants received under various payroll

support programs, contra-expenses recognized on the Employee

Retention Credits (ERCs) provided by the CARES Act, and one-

ĴðĉÐÆďĮĴĮīÐăĴÐÌĴďĴìÐīĴðťÆĴðďĊďåĴìÐÆďăăÐÆĴðŒÐÅīæðĊðĊæ

æīÐÐĉÐĊĴœðĴìďķīðĊŦðæìĴÆīÐœĉÐĉÅÐīĮȘ

Special items in 2020 include contra-expenses recognized on the

utilization of payroll support grants received under the CARES

Act, contra-expenses recognized on ERCs, impairment related

to our Embraer E190 fleet transition, losses generated from

certain aircraft sale-leaseback transactions, and one-time costs

associated with our voluntary crewmember separation programs.

Certain gains and losses on our equity investments were also

excluded from our 2022 and 2021 non-GAAP results.

We believe the impact of these items distort our overall trends and

that our metrics are more comparable with the presentation of

our results excluding the impact of these items. The table below

provides a reconciliation of our GAAP reported amounts to the

non-GAAP amounts excluding the impacts of these items.

55JETBLUE AIRWAYS CORPORATION |

2022

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NON-GAAP FINANCIAL MEASURE

RECONCILIATION OF OPERATING EXPENSE, INCOME (LOSS) BEFORE TAXES, NET INCOME (LOSS) AND EARNINGS

(LOSS) PER SHARE EXCLUDING SPECIAL ITEMS AND GAIN ON EQUITY INVESTMENTS

Year Ended December 31,

(in millions except per share amounts) 2022 2021 2020

Total Operating Revenues $ 9,158 $ 6,037 $ 2,957

Total Operating Expenses $ 9,456 $ 6,117 $ 4,671

OÐĮĮȚwĨÐÆðăðĴÐĉĮ 113 (833) (283)

TOTAL OPERATING EXPENSES EXCLUDING SPECIAL ITEMS $ ǨșǢǣǢ $ ǥșǨǤǟ $ ǣșǨǤǣ

Operating loss $ (298) $ (80) $ (1,714)

ÌÌÅÆāȚwĨÐÆðăðĴÐĉĮ 113 (833) (283)

OPERATING LOSS EXCLUDING SPECIAL ITEMS $ ȧǠǧǤ)$ȧǨǠǢ)$ȧǠșǨǨǦ)

ZĨÐīĴðĊæĉīæðĊÐŘÆăķÌðĊæĮĨÐÆðăðĴÐĉĮ ȧǡȘǟ)% ȧǠǤȘǠ)% ȧǥǦȘǤ)%

Loss before income taxes $ (437) $ (263) $ (1,893)

ÌÌÅÆāȚwĨÐÆðăðĴÐĉĮ 113 (833) (283)

OÐĮĮȚȧOďĮĮȨæðĊďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮ (9) 47 —

LOSS BEFORE INCOME TAXES EXCLUDING SPECIAL ITEMS AND

(LOSS) GAIN ON EQUITY INVESTMENTS $ ȧǢǠǤ)$ȧǠșǠǣǢ)$ȧǡșǠǦǥ)

qīÐȭĴŘĉīæðĊÐŘÆăķÌðĊæĮĨÐÆðăðĴÐĉĮĊÌȧăďĮĮȨæðĊďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮ ȧǢȘǣ)% ȧǠǧȘǨ)% ȧǦǢȘǥ)%

Net loss $ (362) $ (182) $ (1,354)

ÌÌÅÆāȚwĨÐÆðăðĴÐĉĮ 113 (833) (283)

OÐĮĮȚAĊÆďĉÐĴŘÅÐĊÐťĴȧÐŘĨÐĊĮÐȨīÐăĴÐÌĴďĮĨÐÆðăðĴÐĉĮ 19 (249) (69)

OÐĮĮȚȧOďĮĮȨæðĊďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮ (9) 47 —

OÐĮĮȚAĊÆďĉÐĴŘÅÐĊÐťĴȧÐŘĨÐĊĮÐȨīÐăĴÐÌĴďȧăďĮĮȨæðĊďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮ 1 (13) —

NET LOSS EXCLUDING SPECIAL ITEMS AND (LOSS) GAIN ON EQUITY

INVESTMENTS $ ȧǡǥǟ)$ȧǧǟǟ)$ȧǠșǤǥǧ)

Earnings loss per common share:

Basic $ (1.12) $ (0.57) $ (4.88)

ÌÌÅÆāȚwĨÐÆðăðĴÐĉĮșĊÐĴďåĴŘ 0.29 (1.84) (0.77)

OÐĮĮȚȧOďĮĮȨæðĊďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮșĊÐĴďåĴŘ (0.03) 0.10 —

BASIC EXCLUDING SPECIAL ITEMS AND (LOSS) GAIN ON EQUITY INVESTMENTS $ ȧǟȘǧǟ)$ȧǡȘǤǠ)$ȧǤȘǥǤ)

Diluted $ (1.12) $ (0.57) $ (4.88)

ÌÌÅÆāȚwĨÐÆðăðĴÐĉĮșĊÐĴďåĴŘ 0.29 (1.84) (0.77)

OÐĮĮȚȧOďĮĮȨæðĊďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮșĊÐĴďåĴŘ (0.03) 0.1 —

DILUTED EXCLUDING SPECIAL ITEMS AND (LOSS) GAIN ON EQUITY INVESTMENTS $ ȧǟȘǧǟ)$ȧǡȘǤǠ)$ȧǤȘǥǤ)

Adjusted Debt to Capitalization Ratio

Adjusted debt to capitalization ratio is a non-GAAP financial

ĉÐĮķīÐœìðÆìœÐÅÐăðÐŒÐðĮīÐăÐŒĊĴðĊĮĮÐĮĮðĊæĴìÐďĉĨĊřȸĮ

ďŒÐīăăÌÐÅĴĨīďťăÐȘÌþķĮĴÐÌÌÐÅĴðĊÆăķÌÐĮðīÆīåĴďĨÐīĴðĊæ

lease liabilities, in addition to total debt and finance lease

obligations. Adjusted capitalization represents total equity plus

ÌþķĮĴÐÌÌÐÅĴȘAĊŒÐĮĴďīĮĮìďķăÌÆďĊĮðÌÐīĴìðĮĊďĊȭ:qťĊĊÆðă

ĉÐĮķīÐðĊÌÌðĴðďĊĴďșĊÌĊďĴĮĮķÅĮĴðĴķĴÐåďīșďķīťĊĊÆðă

measures prepared in accordance with GAAP.

56 JETBLUE AIRWAYS CORPORATION |

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ɁUUOt'qZt}

PART II |

A}'TɁǦɁTU:'T'U}ȸw#AwwwAZUU#UOwAwZ99AUUAOZU#A}AZUU#t'wO}wZ9Zq't}AZUw

NON-GAAP FINANCIAL MEASURE

ADJUSTED DEBT TO CAPITALIZATION RATIO

(in millions)

December 31,

2022 2021

OďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ $ 3,093 $ 3,651

ķīīÐĊĴĉĴķīðĴðÐĮďåăďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ 554 355

Operating lease liabilities — aircraft 206 256

Adjusted debt $ ǢșǧǤǢ $ ǣșǡǥǡ

OďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ $ 3,093 $ 3,651

ķīīÐĊĴĉĴķīðĴðÐĮďåăďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ 554 355

Operating lease liabilities — aircraft 206 256

Stockholders' equity 3,563 3,849

Adjusted capitalization $ ǦșǣǠǥ $ ǧșǠǠǠ

Adjusted debt to capitalization ratio Ǥǡ% ǤǢ%

Free Cash Flow

}ìÐĴÅăÐÅÐăďœīÐÆďĊÆðăÐĮÆĮìĨīďŒðÌÐÌÅřďĨÐīĴðďĊĮÌÐĴÐīĉðĊÐÌðĊÆÆďīÌĊÆÐœðĴì:qĴď9īÐÐĮì9ăďœșĊďĊȭ:qťĊĊÆðă

ĉÐĮķīÐȘɁÐÅÐăðÐŒÐĴìĴ9īÐÐĮì9ăďœðĮīÐăÐŒĊĴĉÐĴīðÆðĊĉÐĮķīðĊæďķīťĊĊÆðăĮĴīÐĊæĴìĊÌðĮķĮÐåķăðĊĮĮÐĮĮðĊæďķīÅðăðĴř

ĴďåķĊÌåķĴķīÐÆĨðĴăÆďĉĉðĴĉÐĊĴĮĊÌďĴìÐīďÅăðæĴðďĊĮȘAĊŒÐĮĴďīĮĮìďķăÌÆďĊĮðÌÐīĴìðĮĊďĊȭ:qťĊĊÆðăĉÐĮķīÐðĊÌÌðĴðďĊĴďș

ĊÌĊďĴĮĮķÅĮĴðĴķĴÐåďīșďķīťĊĊÆðăĉÐĮķīÐĮĨīÐĨīÐÌðĊÆÆďīÌĊÆÐœðĴì:qȘ

NON-GAAP FINANCIAL MEASURE

RECONCILIATION OF FREE CASH FLOW

(in millions)

Year Ended December 31,

2022 2021 2020 2019

Net cash provided by (used in) operating activities $ 379 $ 1,642 $ (683) $ 1,449

OÐĮĮȚĨðĴăÐŘĨÐĊÌðĴķīÐĮ (767) (907) (715) (932)

OÐĮĮȚqīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮåďīŦðæìĴÐĪķðĨĉÐĊĴ (156) (88) (76) (224)

FREE CASH FLOW $ ȧǤǣǣ)$ ǥǣǦ $ ȧǠșǣǦǣ)$ ǡǨǢ

Glossary of Airline terminology

Airline terminology used in this section and elsewhere in this

tÐĨďīĴȚ

■ Aircraft utilization - The average number of block hours

ďĨÐīĴÐÌĨÐīÌřĨÐīðīÆīåĴåďīĴìÐĴďĴăŦÐÐĴďåðīÆīåĴȘ

■ Available seat miles - The number of seats available for

passengers multiplied by the number of miles the seats are

ŦďœĊȘ

■ Average fare -}ìÐŒÐīæÐďĊÐȭœřåīÐĨðÌĨÐīŦðæìĴĮÐæĉÐĊĴ

by a revenue passenger.

■ Average fuel cost per gallon - Total aircraft fuel costs, including

fuel taxes and effective portion of fuel hedging, divided by the

total number of fuel gallons consumed.

■ Average stage length -}ìÐŒÐīæÐĊķĉÅÐīďåĉðăÐĮŦďœĊĨÐī

ŦðæìĴȘ

■ Load factor - The percentage of aircraft seating capacity

actually utilized, calculated by dividing revenue passenger miles

by available seat miles.

■ Operating expense per available seat mile - Operating expenses

divided by available seat miles.

■ Operating expense per available seat mile, excluding fuel -

Operating expenses, less aircraft fuel, other non-airline

expenses, and special items, divided by available seat miles.

■ Operating revenue per available seat mile - Operating revenues

divided by available seat miles.

■ Passenger revenue per available seat mile - Passenger revenue

divided by available seat miles.

■ Revenue passengers - The total number of paying passengers

ŦďœĊďĊăăŦðæìĴĮÐæĉÐĊĴĮȘ

■ Revenue passenger miles - The number of miles flown by

revenue passengers.

■ Yield per passenger mile - The average amount one passenger

ĨřĮĴďŦřďĊÐĉðăÐȘ

57JETBLUE AIRWAYS CORPORATION |

2022

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Ɂqt}AA|

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A}'TǦ QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT

MARKET RISK

The risk inherent in our market risk sensitive instruments and

positions is the potential loss arising from adverse changes to the

price of fuel and interest rates as discussed below. The sensitivity

analyses presented do not consider the effects such adverse

changes may have on the overall economic activity, nor do they

consider additional actions we may take to mitigate our exposure

to such changes. Variable-rate leases are not considered market

ĮÐĊĮðĴðŒÐťĊĊÆðăðĊĮĴīķĉÐĊĴĮĊÌșĴìÐīÐåďīÐșīÐĊďĴðĊÆăķÌÐÌ

in the interest rate sensitivity analysis below. Actual results

may differ from the sensitivity analyses. See Notes 1, 4 and 13

ĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆăķÌÐÌðĊAĴÐĉǧåďī

accounting policies and additional information.

ðīÆīåĴåķÐăɁɁ

Our results of operations are affected by changes in the price

and availability of aircraft fuel. Market risk is estimated as a

ìřĨďĴìÐĴðÆăǠǟɦðĊÆīÐĮÐðĊĴìÐ#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡÆďĮĴĨÐī

gallon of fuel. Based on projected 2023 fuel consumption, such

an increase would result in an increase to aircraft fuel expense

ďåĨĨīďŘðĉĴÐăřɄǢǟǣĉðăăðďĊðĊǡǟǡǢȘĮďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡș

we have hedged 8.8% of our projected fuel requirement for the

ťīĮĴĪķīĴÐīďåǡǟǡǢȘAĊ9ÐÅīķīřǡǟǡǢșœÐìÐÌæÐÌǠǨȘǢɦďåďķī

projected fuel requirement for the second quarter of 2023 and

5.5% for the third quarter of 2023.

}ìÐťĊĊÆðăÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴæīÐÐĉÐĊĴĮœÐìŒÐœðĴì

our counterparties may require us to fund all, or a portion of,

outstanding loss positions related to these contracts prior to

their scheduled maturities. The amount of collateral posted, if

any, is periodically adjusted based on the fair value of the hedge

contracts.

AĊĴÐīÐĮĴɁɁ

Our earnings are affected by changes in interest rates due to the

impact those changes have on interest expense from variable-rate

debt instruments and on interest income generated from our cash

ĊÌðĊŒÐĮĴĉÐĊĴÅăĊÆÐĮȘ}ìÐðĊĴÐīÐĮĴīĴÐðĮťŘÐÌåďīɄǢȘǥÅðăăðďĊ

ďåďķīÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮșœðĴìĴìÐīÐĉðĊðĊæ

ɄǟȘǠÅðăăðďĊìŒðĊæŦďĴðĊæðĊĴÐīÐĮĴīĴÐĮȘAåðĊĴÐīÐĮĴīĴÐĮœÐīÐ

on average 100 basis points higher in 2023 than they were during

2022, our interest expense would increase by approximately

ɄǠɁĉðăăðďĊȘ}ìðĮĉďķĊĴðĮÌÐĴÐīĉðĊÐÌÅřÆďĊĮðÌÐīðĊæĴìÐðĉĨÆĴďå

the hypothetical change in interest rates on our variable rate debt.

If interest rates were an average 100 basis points lower in 2023

than they were during 2022, our interest income from cash and

investment balances would decrease by approximately $1 million.

This amount is determined by considering the impact of the

hypothetical interest rates on the balances of our money market

funds and short-term, interest-bearing investments.

58 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

PART II |

A}'TɁǦsU}A}}A'U#sOA}}A'#AwOZwt'wZ}TtN'}tAwN

A}'TɁǧ FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors of JetBlue

Airways Corporation

Opinion on the Financial Statements

We have audited the accompanying consolidated balance

sheets of JetBlue Airways Corporation (the Company) as

ďå#ÐÆÐĉÅÐīɁǢǠșɁǡǟǡǡĊÌǡǟǡǠșĴìÐīÐăĴÐÌÆďĊĮďăðÌĴÐÌ

ĮĴĴÐĉÐĊĴĮďåďĨÐīĴðďĊĮșÆďĉĨīÐìÐĊĮðŒÐăďĮĮșĮĴďÆāìďăÌÐīĮȸ

ÐĪķðĴřĊÌÆĮìŦďœĮåďīÐÆìďåĴìÐĴìīÐÐřÐīĮðĊĴìÐĨÐīðďÌ

ÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșĊÌĴìÐīÐăĴÐÌĊďĴÐĮĊÌťĊĊÆðă

ĮĴĴÐĉÐĊĴĮÆìÐÌķăÐăðĮĴÐÌðĊAĴÐĉǠǤȧǡȨȧÆďăăÐÆĴðŒÐăřīÐåÐīīÐÌĴď

ĮĴìÐȵÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȶȨȘAĊďķīďĨðĊðďĊșĴìÐ

ÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮĨīÐĮÐĊĴåðīăřșðĊăăĉĴÐīðă

īÐĮĨÐÆĴĮșĴìÐťĊĊÆðăĨďĮðĴðďĊďåĴìÐďĉĨĊřĴ#ÐÆÐĉÅÐīǢǠș

ǡǟǡǡĊÌǡǟǡǠșĊÌĴìÐÆďĊĮďăðÌĴÐÌīÐĮķăĴĮďåðĴĮďĨÐīĴðďĊĮ

ĊÌðĴĮÆĮìŦďœĮåďīÐÆìďåĴìÐĴìīÐÐřÐīĮðĊĴìÐĨÐīðďÌÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǡǡșðĊÆďĊåďīĉðĴřœðĴìȘwȘæÐĊÐīăăřÆÆÐĨĴÐÌ

ÆÆďķĊĴðĊæĨīðĊÆðĨăÐĮȘ

ÐăĮďìŒÐķÌðĴÐÌșðĊÆÆďīÌĊÆÐœðĴìĴìÐĮĴĊÌīÌĮďåĴìÐ

qķÅăðÆďĉĨĊřÆÆďķĊĴðĊæZŒÐīĮðæìĴďīÌȧĊðĴÐÌwĴĴÐĮȨ

ȧqZȨșĴìÐďĉĨĊřȸĮðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșÅĮÐÌďĊÆīðĴÐīðÐĮĴÅăðĮìÐÌðĊ

AĊĴÐīĊăďĊĴīďăȭAĊĴÐæīĴÐÌ9īĉÐœďīāðĮĮķÐÌÅřĴìÐďĉĉðĴĴÐÐ

ďåwĨďĊĮďīðĊæZīæĊðšĴðďĊĮďåĴìÐ}īÐÌœř ďĉĉðĮĮðďĊ

ȧǡǟǠǢɁåīĉÐœďīāȨĊÌ ďķī īÐĨďīĴÌĴÐÌ9ÐÅīķīřǡǦș ǡǟǡǢ

ÐŘĨīÐĮĮÐÌĊķĊĪķăðťÐÌďĨðĊðďĊĴìÐīÐďĊȘ

Basis for Opinion

}ìÐĮÐ åðĊĊÆðă ĮĴĴÐĉÐĊĴĮ īÐ ĴìÐ īÐĮĨďĊĮðÅðăðĴřďå ĴìÐ

ďĉĨĊřȸĮĉĊæÐĉÐĊĴȘZķīīÐĮĨďĊĮðÅðăðĴřðĮĴďÐŘĨīÐĮĮĊ

ďĨðĊðďĊďĊĴìÐďĉĨĊřȸĮåðĊĊÆðăĮĴĴÐĉÐĊĴĮÅĮÐÌďĊďķī

ķÌðĴĮȘÐīÐĨķÅăðÆÆÆďķĊĴðĊæåðīĉīÐæðĮĴÐīÐÌœðĴìĴìÐ

PCAOB and are required to be independent with respect to the

ďĉĨĊřðĊÆÆďīÌĊÆÐœðĴìĴìÐȘwȘåÐÌÐīăĮÐÆķīðĴðÐĮăœĮ

ĊÌĴìÐĨĨăðÆÅăÐīķăÐĮĊÌīÐæķăĴðďĊĮďåĴìÐwÐÆķīðĴðÐĮĊÌ

'ŘÆìĊæÐďĉĉðĮĮðďĊĊÌĴìÐqZȘ

We conducted our audits in accordance with the standards of

ĴìÐqZȘ}ìďĮÐĮĴĊÌīÌĮīÐĪķðīÐĴìĴœÐĨăĊĊÌĨÐīåďīĉ

the audit to obtain reasonable assurance about whether the

ťĊĊÆðăĮĴĴÐĉÐĊĴĮīÐåīÐÐďåĉĴÐīðăĉðĮĮĴĴÐĉÐĊĴșœìÐĴìÐī

ÌķÐĴďÐīīďīďīåīķÌȘZķīķÌðĴĮðĊÆăķÌÐÌĨÐīåďīĉðĊæĨīďÆÐÌķīÐĮ

ĴďĮĮÐĮĮĴìÐīðĮāĮďåĉĴÐīðăĉðĮĮĴĴÐĉÐĊĴďåĴìÐåðĊĊÆðă

ĮĴĴÐĉÐĊĴĮșœìÐĴìÐīÌķÐĴďÐīīďīďīåīķÌșĊÌĨÐīåďīĉðĊæ

ĨīďÆÐÌķīÐĮĴìĴīÐĮĨďĊÌĴďĴìďĮÐīðĮāĮȘwķÆìĨīďÆÐÌķīÐĮðĊÆăķÌÐÌ

ÐŘĉðĊðĊæșďĊĴÐĮĴÅĮðĮșÐŒðÌÐĊÆÐīÐæīÌðĊæĴìÐĉďķĊĴĮĊÌ

ÌðĮÆăďĮķīÐĮðĊĴìÐťĊĊÆðăĮĴĴÐĉÐĊĴĮȘZķīķÌðĴĮăĮďðĊÆăķÌÐÌ

evaluating the accounting principles used and significant

ÐĮĴðĉĴÐĮĉÌÐÅřĉĊæÐĉÐĊĴșĮœÐăăĮÐŒăķĴðĊæĴìÐďŒÐīăă

ĨīÐĮÐĊĴĴðďĊďåĴìÐťĊĊÆðăĮĴĴÐĉÐĊĴĮȘÐÅÐăðÐŒÐĴìĴďķī

ķÌðĴĮĨīďŒðÌÐīÐĮďĊÅăÐÅĮðĮåďīďķīďĨðĊðďĊȘ

Critical Audit Matter

}ìÐÆīðĴðÆăķÌðĴĉĴĴÐīÆďĉĉķĊðÆĴÐÌÅÐăďœðĮĉĴĴÐīīðĮðĊæ

åīďĉĴìÐÆķīīÐĊĴĨÐīðďÌķÌðĴďåĴìÐťĊĊÆðăĮĴĴÐĉÐĊĴĮĴìĴ

was communicated or required to be communicated to the audit

ÆďĉĉðĴĴÐÐĊÌĴìĴȧǠȨīÐăĴÐĮĴďÆÆďķĊĴĮďīÌðĮÆăďĮķīÐĮĴìĴīÐ

ĉĴÐīðăĴďĴìÐÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮĊÌȧǡȨðĊŒďăŒÐÌ

ďķīÐĮĨÐÆðăăřÆìăăÐĊæðĊæșĮķÅþÐÆĴðŒÐșďīÆďĉĨăÐŘþķÌæĉÐĊĴĮȘ}ìÐ

communication of the critical audit matter does not alter in any

œřďķīďĨðĊðďĊďĊĴìÐÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮșĴāÐĊ

ĮœìďăÐșĊÌœÐīÐĊďĴșÅřÆďĉĉķĊðÆĴðĊæĴìÐÆīðĴðÆăķÌðĴ

ĉĴĴÐīÅÐăďœșĨīďŒðÌðĊæĮÐĨīĴÐďĨðĊðďĊďĊĴìÐÆīðĴðÆăķÌðĴ

ĉĴĴÐīďīďĊĴìÐÆÆďķĊĴĮďīÌðĮÆăďĮķīÐĮĴďœìðÆìðĴīÐăĴÐĮȘ

59JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Loyalty Program - Breakage

#ÐĮÆīðĨĴðďĊďåĴìÐ

Matter

ĮÌðĮÆķĮĮÐÌðĊUďĴÐǡĴďĴìÐÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮșķĊÌÐīĴìÐÆķĮĴďĉÐīăďřăĴřĨīďæīĉșĴìÐďĉĨĊř

ðĮĮķÐĮĨďðĊĴĮ Ĵď ÆķĮĴďĉÐīĮÅĮÐÌ ķĨďĊ ĴìÐ åīÐ ĨðÌ åďī  ĴðÆāÐĴ ĨķīÆìĮÐ ďī Ĵìīďķæì ĮăÐĮ Ĵď ÅķĮðĊÐĮĮĨīĴĊÐīĮș

ðĊÆăķÌðĊæLÐĴăķÐȸĮÆďȭÅīĊÌÐÌÆīÐÌðĴÆīÌĨīĴĊÐīĮȘ}ìÐďĉĨĊřÌÐåÐīĮĨďīĴðďĊďåĴìÐĴīĊĮÆĴðďĊĨīðÆÐăăďÆÅăÐ

ĴďĨďðĊĴĮðĮĮķÐÌĊÌīÐÆďæĊðšÐĮīÐŒÐĊķÐœìÐĊĴìÐĨďðĊĴĮīÐīÐÌÐÐĉÐÌåďīĴīŒÐăȘ}ìÐďĉĨĊřÐĮĴðĉĴÐĮÅīÐāæÐ

for issued points using historical redemption patterns and records revenue for points that are not expected to be

īÐÌÐÐĉÐÌȘ'ĮĴðĉĴÐĮďåÅīÐāæÐīÐÐŒăķĴÐÌĊĊķăăřșĊÌÆìĊæÐĮĴďÅīÐāæÐÐĮĴðĉĴÐĮĨīďĮĨÐÆĴðŒÐăřðĉĨÆĴ

qĮĮÐĊæÐīīÐŒÐĊķÐĊÌðīĴīŨÆăðÅðăðĴřȘ}ìÐÅăĊÆÐďåĴìÐďĉĨĊřȸĮðīĴīŨÆăðÅðăðĴřĮĮďÆðĴÐÌœðĴìĴìÐăďřăĴř

ĨīďæīĉœĮɄǠÅðăăðďĊĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

ķÌðĴðĊæĉĊæÐĉÐĊĴȸĮÐĮĴðĉĴÐĮĊÌÆăÆķăĴðďĊĮķĮÐÌðĊðĴĮÆÆďķĊĴðĊæåďīĴìÐăďřăĴřĨīďæīĉðĮĮðæĊðťÆĊĴĴďďķī

ķÌðĴĮĴìÐīÐăĴÐÌðĉĨÆĴĴďqĮĮÐĊæÐīīÐŒÐĊķÐĊÌðīĴīŨÆăðÅðăðĴřðĮĉĴÐīðăĊÌĮÐĊĮðĴðŒÐĴďÆìĊæÐĮðĊĴìÐ

ÅīÐāæÐīĴÐȘ}ìÐ ÐĮĴðĉĴÐ ďå ÅīÐāæÐÅř ĉĊæÐĉÐĊĴīÐĪķðīÐĮ ĴìÐ ďĉĨĊřĴďåďīÐÆĮĴīÐÌÐĉĨĴðďĊĨĴĴÐīĊĮș

œìðÆìðĊŒďăŒÐĮĴìÐĨĨăðÆĴðďĊďåþķÌæĉÐĊĴĊÌÐĮĴðĉĴðďĊȘĮ  īÐĮķăĴșķÌðĴðĊæ ĴìÐ ďĉĨĊřȸĮÆÆďķĊĴðĊæåďī ĴìÐ

ăďřăĴřĨīďæīĉÅīÐāæÐÐĮĴðĉĴÐœĮÆďĉĨăÐŘĊÌìðæìăřþķÌæĉÐĊĴăȘ

>ďœÐÌÌīÐĮĮÐÌ

ĴìÐTĴĴÐīðĊZķī

ķÌðĴ

Ð ďÅĴðĊÐÌ Ċ ķĊÌÐīĮĴĊÌðĊæșÐŒăķĴÐÌĴìÐ ÌÐĮðæĊșĊÌ ĴÐĮĴÐÌ ĴìÐ ďĨÐīĴðĊæ ÐååÐÆĴðŒÐĊÐĮĮ ďå ÆďĊĴīďăĮ ďŒÐī ĴìÐ

ďĉĨĊřȸĮ ÆÆďķĊĴðĊæåďī ĴìÐăďřăĴřĨīďæīĉșðĊÆăķÌðĊæÆďĊĴīďăĮďŒÐīĉĊæÐĉÐĊĴȸĮÐĮĴðĉĴðďĊďåÅīÐāæÐīĴÐĮ

ĊÌīÐŒðÐœďåĴìÐĮðæĊðťÆĊĴĮĮķĉĨĴðďĊĮķĊÌÐīăřðĊæĴìÐÌÐĴÐīĉðĊĴðďĊďåÐĮĴðĉĴÐÌīÐÌÐĉĨĴðďĊĨĴĴÐīĊĮȘ

Zķī ķÌðĴ ĨīďÆÐÌķīÐĮ ðĊÆăķÌÐÌș ĉďĊæ ďĴìÐīĮș ÐŒăķĴðĊæ ĴìÐ ĮðæĊðťÆĊĴ ĮĮķĉĨĴðďĊĮ ĊÌ ĴìÐ ÆÆķīÆř ĊÌ

ÆďĉĨăÐĴÐĊÐĮĮďåĴìÐķĊÌÐīăřðĊæÌĴķĮÐÌðĊĉĊæÐĉÐĊĴȸĮÆăÆķăĴðďĊðĊÆăķÌðĊæĴìÐĴďĴăĊķĉÅÐīďåĨďðĊĴĮðĮĮķÐÌĴď

ĊÌīÐÌÐÐĉÐÌÅřÆķĮĴďĉÐīĮȘÐðĊŒďăŒÐÌďķīŒăķĴðďĊĨīďåÐĮĮðďĊăĮĴďĮĮðĮĴķĮðĊďķīÐŒăķĴðďĊďåĴìÐĉÐĴìďÌďăďæř

ķĮÐÌÅřĴìÐďĉĨĊřĴďÐĮĴðĉĴÐÐŘĨÐÆĴÐÌīÐÌÐĉĨĴðďĊĨĴĴÐīĊĮȘÐĨÐīåďīĉÐÌĮÐĊĮðĴðŒðĴřĊăřĮðĮďåĉĊæÐĉÐĊĴȸĮ

ÐĮĴðĉĴÐďåĨďðĊĴĮÐŘĨÐÆĴÐÌĴďÅÐīÐÌÐÐĉÐÌĴďÐŒăķĴÐĴìÐðĉĨÆĴďĊqĮĮÐĊæÐīīÐŒÐĊķÐĊÌðīĴīŨÆăðÅðăðĴřȘÐ

ăĮďĴÐĮĴÐÌĴìÐÆăÆķăĴðďĊķĮÐÌĴďÌÐĴÐīĉðĊÐĴìÐĉďķĊĴīÐÆďæĊðšÐÌĮīÐŒÐĊķÐåďīĴìÐĨÐīðďÌȘ

ȥĮȥ'īĊĮĴɪďķĊæOOq

ÐìŒÐĮÐīŒÐÌĮĴìÐďĉĨĊřȸĮķÌðĴďīĮðĊÆÐǡǟǟǠȘ

UÐœďīāșUÐœďīā

9ÐÅīķīřǡǦșǡǟǡǢ

60 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors of JetBlue

Airways Corporation

Opinion on Internal Control over Financial

Reporting

ÐìŒÐķÌðĴÐÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȸĮðĊĴÐīĊăÆďĊĴīďă

ďŒÐīåðĊĊÆðăīÐĨďīĴðĊæĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșÅĮÐÌďĊ

ÆīðĴÐīðÐĮĴÅăðĮìÐÌðĊAĊĴÐīĊăďĊĴīďăȰAĊĴÐæīĴÐÌ9īĉÐœďīā

ðĮĮķÐÌÅřĴìÐďĉĉðĴĴÐÐďåwĨďĊĮďīðĊæZīæĊðšĴðďĊĮďåĴìÐ

}īÐÌœřďĉĉðĮĮðďĊȧǡǟǠǢåīĉÐœďīāȨȧĴìÐZwZÆīðĴÐīðȨȘAĊďķī

ďĨðĊðďĊșLÐĴăķÐðīœřĮďīĨďīĴðďĊȧĴìÐďĉĨĊřȨĉðĊĴðĊÐÌș

ðĊăăĉĴÐīðăīÐĮĨÐÆĴĮșÐååÐÆĴðŒÐðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðă

īÐĨďīĴðĊæĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșÅĮÐÌďĊĴìÐZwZÆīðĴÐīðȘ

ÐăĮďìŒÐķÌðĴÐÌșðĊÆÆďīÌĊÆÐœðĴìĴìÐĮĴĊÌīÌĮďåĴìÐ

qķÅăðÆďĉĨĊřÆÆďķĊĴðĊæZŒÐīĮðæìĴďīÌȧĊðĴÐÌwĴĴÐĮȨ

ȧqZȨșĴìÐÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮďåĴìÐďĉĨĊřĮ

ďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠĊÌĴìÐīÐăĴÐÌÆďĊĮďăðÌĴÐÌ

ĮĴĴÐĉÐĊĴĮďåďĨÐīĴðďĊĮșÆďĉĨīÐìÐĊĮðŒÐăďĮĮșĮĴďÆāìďăÌÐīĮȸ

ÐĪķðĴřĊÌÆĮìŦďœĮåďīÐÆìďåĴìÐĴìīÐÐřÐīĮðĊĴìÐĨÐīðďÌ

ÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșĊÌĴìÐīÐăĴÐÌĊďĴÐĮĊÌťĊĊÆðă

ĮĴĴÐĉÐĊĴĮÆìÐÌķăÐăðĮĴÐÌðĊAĴÐĉǠǤȧǡȨĊÌďķīīÐĨďīĴÌĴÐÌ

9ÐÅīķīřǡǦșǡǟǡǢÐŘĨīÐĮĮÐÌĊķĊĪķăðťÐÌďĨðĊðďĊĴìÐīÐďĊȘ

Basis for Opinion

}ìÐďĉĨĊřȸĮĉĊæÐĉÐĊĴðĮīÐĮĨďĊĮðÅăÐåďīĉðĊĴðĊðĊæ

effective internal control over financial reporting and for its

ĮĮÐĮĮĉÐĊĴďåĴìÐÐååÐÆĴðŒÐĊÐĮĮďåðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðă

īÐĨďīĴðĊæðĊÆăķÌÐÌðĊĴìÐÆÆďĉĨĊřðĊæTĊæÐĉÐĊĴȸĮtÐĨďīĴďĊ

AĊĴÐīĊăďĊĴīďăZŒÐī9ðĊĊÆðătÐĨďīĴðĊæȘZķīīÐĮĨďĊĮðÅðăðĴřðĮĴď

ÐŘĨīÐĮĮĊďĨðĊðďĊďĊĴìÐďĉĨĊřȸĮðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðă

īÐĨďīĴðĊæÅĮÐÌďĊďķīķÌðĴȘÐīÐĨķÅăðÆÆÆďķĊĴðĊæťīĉ

registered with the PCAOB and are required to be independent

œðĴìīÐĮĨÐÆĴĴďĴìÐďĉĨĊřðĊÆÆďīÌĊÆÐœðĴìĴìÐȘwȘåÐÌÐīă

securities laws and the applicable rules and regulations of the

wÐÆķīðĴðÐĮĊÌ'ŘÆìĊæÐďĉĉðĮĮðďĊĊÌĴìÐqZȘ

We conducted our audit in accordance with the standards of the

qZȘ}ìďĮÐĮĴĊÌīÌĮīÐĪķðīÐĴìĴœÐĨăĊĊÌĨÐīåďīĉĴìÐ

audit to obtain reasonable assurance about whether effective

ðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæœĮĉðĊĴðĊÐÌðĊăă

ĉĴÐīðăīÐĮĨÐÆĴĮȘ

Our audit included obtaining an understanding of internal control

ďŒÐīåðĊĊÆðăīÐĨďīĴðĊæșĮĮÐĮĮðĊæĴìÐīðĮāĴìĴĉĴÐīðă

œÐāĊÐĮĮÐŘðĮĴĮșĴÐĮĴðĊæĊÌÐŒăķĴðĊæĴìÐÌÐĮðæĊĊÌďĨÐīĴðĊæ

ÐååÐÆĴðŒÐĊÐĮĮďåðĊĴÐīĊăÆďĊĴīďăÅĮÐÌďĊĴìÐĮĮÐĮĮÐÌīðĮāșĊÌ

performing such other procedures as we considered necessary

ðĊĴìÐÆðīÆķĉĮĴĊÆÐĮȘÐÅÐăðÐŒÐĴìĴďķīķÌðĴĨīďŒðÌÐĮ

īÐĮďĊÅăÐÅĮðĮåďīďķīďĨðĊðďĊȘ

Definition and Limitations of Internal Control

Over Financial Reporting

ÆďĉĨĊřȸĮðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæðĮĨīďÆÐĮĮ

designed to provide reasonable assurance regarding the

īÐăðÅðăðĴřďåťĊĊÆðăīÐĨďīĴðĊæĊÌĴìÐĨīÐĨīĴðďĊďåťĊĊÆðă

statements for external purposes in accordance with generally

ÆÆÐĨĴÐÌÆÆďķĊĴðĊæĨīðĊÆðĨăÐĮȘÆďĉĨĊřȸĮðĊĴÐīĊăÆďĊĴīďăďŒÐī

ťĊĊÆðăīÐĨďīĴðĊæðĊÆăķÌÐĮĴìďĮÐĨďăðÆðÐĮĊÌĨīďÆÐÌķīÐĮĴìĴȧǠȨ

ĨÐīĴðĊĴďĴìÐĉðĊĴÐĊĊÆÐďåīÐÆďīÌĮĴìĴșðĊīÐĮďĊÅăÐÌÐĴðăș

ÆÆķīĴÐăřĊÌåðīăřīÐŦÐÆĴĴìÐĴīĊĮÆĴðďĊĮĊÌÌðĮĨďĮðĴðďĊĮďå

ĴìÐĮĮÐĴĮďåĴìÐÆďĉĨĊřțȧǡȨĨīďŒðÌÐīÐĮďĊÅăÐĮĮķīĊÆÐĴìĴ

transactions are recorded as necessary to permit preparation

ďåťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆÆďīÌĊÆÐœðĴìæÐĊÐīăăřÆÆÐĨĴÐÌ

ÆÆďķĊĴðĊæĨīðĊÆðĨăÐĮșĊÌĴìĴīÐÆÐðĨĴĮĊÌÐŘĨÐĊÌðĴķīÐĮďåĴìÐ

ÆďĉĨĊřīÐÅÐðĊæĉÌÐďĊăřðĊÆÆďīÌĊÆÐœðĴìķĴìďīðšĴðďĊĮ

ďåĉĊæÐĉÐĊĴĊÌÌðīÐÆĴďīĮďåĴìÐÆďĉĨĊřțĊÌȧǢȨĨīďŒðÌÐ

reasonable assurance regarding prevention or timely detection

ďåķĊķĴìďīðšÐÌÆĪķðĮðĴðďĊșķĮÐșďīÌðĮĨďĮðĴðďĊďåĴìÐÆďĉĨĊřȸĮ

assets that could have a material effect on the financial

ĮĴĴÐĉÐĊĴĮȘ

ÐÆķĮÐďåðĴĮðĊìÐīÐĊĴăðĉðĴĴðďĊĮșðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðă

īÐĨďīĴðĊæĉřĊďĴĨīÐŒÐĊĴďīÌÐĴÐÆĴĉðĮĮĴĴÐĉÐĊĴĮȘăĮďș

ĨīďþÐÆĴðďĊĮďåĊřÐŒăķĴðďĊďåÐååÐÆĴðŒÐĊÐĮĮĴďåķĴķīÐĨÐīðďÌĮīÐ

ĮķÅþÐÆĴĴďĴìÐīðĮāĴìĴÆďĊĴīďăĮĉřÅÐÆďĉÐðĊÌÐĪķĴÐÅÐÆķĮÐ

ďåÆìĊæÐĮðĊÆďĊÌðĴðďĊĮșďīĴìĴĴìÐÌÐæīÐÐďåÆďĉĨăðĊÆÐœðĴì

ĴìÐĨďăðÆðÐĮďīĨīďÆÐÌķīÐĮĉřÌÐĴÐīðďīĴÐȘ

ȥĮȥ'īĊĮĴɪďķĊæOOq

UÐœďīāșUÐœďīā

9ÐÅīķīřǡǦșǡǟǡǢ

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JETBLUE AIRWAYS CORPORATION

Consolidated Balance Sheets

December 31,

(in millions, except per share data)

2022 2021

ASSETS

CURRENT ASSETS

Cash and cash equivalents $ Ǡșǟǣǡ $ ǡșǟǠǧ

Investment securities ǢǤǟ ǧǡǣ

tÐÆÐðŒÅăÐĮșăÐĮĮăăďœĊÆÐȧǡǟǡǡȭɄǣțǡǟǡǠȭɄǢȨ ǢǠǦ ǡǟǦ

AĊŒÐĊĴďīðÐĮșăÐĮĮăăďœĊÆÐȧǡǟǡǡȭɄǡǨțǡǟǡǠȭɄǡǣȨ ǧǦ Ǧǣ

Prepaid expenses and other Ǡǡǟ Ǡǡǡ

}ďĴăÆķīīÐĊĴĮĮÐĴĮ ǠșǨǠǥ ǢșǡǣǤ

PROPERTY AND EQUIPMENT

Flight equipment ǠǠșǦǡǦ ǠǠșǠǥǠ

qīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮåďīŦðæìĴÐĪķðĨĉÐĊĴ ǣǠǤ ǢǢǦ

}ďĴăŦðæìĴÐĪķðĨĉÐĊĴĊÌĨīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮșæīďĮĮ ǠǡșǠǣǡ ǠǠșǣǨǧ

OÐĮĮÆÆķĉķăĴÐÌÌÐĨīÐÆðĴðďĊ ǢșǤǦǧ ǢșǡǡǦ

}ďĴăŦðæìĴÐĪķðĨĉÐĊĴĊÌĨīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮșĊÐĴ ǧșǤǥǣ ǧșǡǦǠ

ZĴìÐīĨīďĨÐīĴřĊÌÐĪķðĨĉÐĊĴșæīďĮĮ ǠșǢǠǣ ǠșǡǟǤ

OÐĮĮÆÆķĉķăĴÐÌÌÐĨīÐÆðĴðďĊ ǦǢǠ ǥǥǡ

}ďĴăďĴìÐīĨīďĨÐīĴřĊÌÐĪķðĨĉÐĊĴșĊÐĴ ǤǧǢ ǤǣǢ

}ďĴăĨīďĨÐīĴřĊÌÐĪķðĨĉÐĊĴșĊÐĴ ǨșǠǣǦ ǧșǧǠǣ

OPERATING LEASE ASSETS ǥǥǟ ǦǡǨ

OTHER ASSETS

Investment securities ǠǦǡ ǢǨ

tÐĮĴīðÆĴÐÌÆĮì Ǡǣǥ ǤǨ

AĊĴĊæðÅăÐĮĮÐĴĮșĊÐĴďåÆÆķĉķăĴÐÌĉďīĴðšĴðďĊďåɄǣǤǤĊÌɄǣǟǤșĴǡǟǡǡĊÌǡǟǡǠș

īÐĮĨÐÆĴðŒÐăřȘ ǡǨǧ ǡǨǨ

Other Ǧǟǥ ǣǤǦ

}ďĴăďĴìÐīĮĮÐĴĮ ǠșǢǡǡ ǧǤǣ

TOTAL ASSETS $ 13,045 $ 13,642

wÐÐÆÆďĉĨĊřðĊæĊďĴÐĮĴďÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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JETBLUE AIRWAYS CORPORATION

Consolidated Balance Sheets

December 31,

(in millions, except per share data)

2022 2021

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable $ ǤǢǡ $ ǣǨǨ

ðīĴīŨÆăðÅðăðĴř ǠșǤǧǠ ǠșǥǠǧ

ÆÆīķÐÌĮăīðÐĮșœæÐĮĊÌÅÐĊÐťĴĮ ǣǨǧ ǣǧǟ

Other accrued liabilities ǣǧǥ ǢǤǨ

Current operating lease liabilities ǨǦ Ǡǟǥ

ķīīÐĊĴĉĴķīðĴðÐĮďåăďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ ǤǤǣ ǢǤǤ

}ďĴăÆķīīÐĊĴăðÅðăðĴðÐĮ ǢșǦǣǧ ǢșǣǠǦ

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS ǢșǟǨǢ ǢșǥǤǠ

LONG-TERM OPERATING LEASE LIABILITIES ǥǢǨ ǥǨǟ

DEFERRED TAXES AND OTHER LIABILITIES

Deferred income taxes ǦǦǟ ǧǣǢ

ðīĴīŨÆăðÅðăðĴřȭĊďĊȭÆķīīÐĊĴ ǦǢǧ ǥǣǟ

Other ǣǨǣ ǤǤǡ

}ďĴăÌÐåÐīīÐÌĴŘÐĮĊÌďĴìÐīăðÅðăðĴðÐĮ ǡșǟǟǡ ǡșǟǢǤ

COMMITMENTS AND CONTINGENCIES (NOTES 10 & 11)

STOCKHOLDERS’ EQUITY

qīÐåÐīīÐÌĮĴďÆāșɄǟȘǟǠĨīŒăķÐțǡǤĮìīÐĮķĴìďīðšÐÌșĊďĊÐðĮĮķÐÌ — —

ďĉĉďĊĮĴďÆāșɄǟȘǟǠĨīŒăķÐțǨǟǟĮìīÐĮķĴìďīðšÐÌșǣǧǥĊÌǣǦǧĮìīÐĮðĮĮķÐÌĊÌ

ǢǡǦĊÌǢǡǟĮìīÐĮďķĴĮĴĊÌðĊæĴǡǟǡǡĊÌǡǟǡǠșīÐĮĨÐÆĴðŒÐăř Ǥ Ǥ

}īÐĮķīřĮĴďÆāșĴÆďĮĴțǠǤǨĊÌǠǤǧĮìīÐĮĴǡǟǡǡĊÌǡǟǡǠșīÐĮĨÐÆĴðŒÐăř ȧǠșǨǨǤ) ȧǠșǨǧǨ)

Additional paid-in capital ǢșǠǡǨ ǢșǟǣǦ

tÐĴðĊÐÌÐīĊðĊæĮ ǡșǣǡǣ ǡșǦǧǥ

Accumulated other comprehensive income — —

}ďĴăĮĴďÆāìďăÌÐīĮȸÐĪķðĴř ǢșǤǥǢ ǢșǧǣǨ

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,045 $ 13,642

wÐÐÆÆďĉĨĊřðĊæĊďĴÐĮĴďÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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JETBLUE AIRWAYS CORPORATION

Consolidated Statements of Operations

Years Ended December 31,

(in millions, except per share data)

2022 2021 2020

OPERATING REVENUES

Passenger $ ǧșǤǧǥ $ ǤșǥǟǨ $ ǡșǦǢǢ

Other ǤǦǡ ǣǡǧ ǡǡǣ

}ďĴăďĨÐīĴðĊæīÐŒÐĊķÐĮ ǨșǠǤǧ ǥșǟǢǦ ǡșǨǤǦ

OPERATING EXPENSES

Aircraft fuel and related taxes ǢșǠǟǤ ǠșǣǢǥ ǥǢǠ

wăīðÐĮșœæÐĮĊÌÅÐĊÐťĴĮ ǡșǦǣǦ ǡșǢǤǧ ǡșǟǢǡ

OĊÌðĊæåÐÐĮĊÌďĴìÐīīÐĊĴĮ Ǥǣǣ ǥǡǧ ǢǤǧ

#ÐĨīÐÆðĴðďĊĊÌĉďīĴðšĴðďĊ ǤǧǤ Ǥǣǟ ǤǢǤ

Aircraft rent ǠǠǣ ǨǨ ǧǤ

wăÐĮĊÌĉīāÐĴðĊæ ǡǧǨ ǠǧǢ ǠǠǟ

TðĊĴÐĊĊÆÐșĉĴÐīðăĮĊÌīÐĨðīĮ ǤǨǠ ǥǡǥ ǣǣǠ

wĨÐÆðăAĴÐĉĮ ǠǠǢ ȧǧǢǢȨ ȧǡǧǢ)

Other operating expenses ǠșǢǥǧ Ǡșǟǧǟ Ǧǥǡ

}ďĴăďĨÐīĴðĊæÐŘĨÐĊĮÐĮ ǨșǣǤǥ ǥșǠǠǦ ǣșǥǦǠ

OPERATING LOSS ȧǡǨǧ) ȧǧǟ) ȧǠșǦǠǣ)

OTHER (EXPENSE) INCOME

Interest expense ȧǠǥǥ) ȧǠǨǡ) ȧǠǦǨ)

Interest income ǢǨ ǠǦ ǡǢ

ȧOďĮĮȨæðĊďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮșĊÐĴ ȧǨ) ǣǦ —

Other ȧǢ) ȧǤǤ) ȧǡǢ)

}ďĴăďĴìÐīÐŘĨÐĊĮÐ ȧǠǢǨ) ȧǠǧǢ) ȧǠǦǨ)

LOSS BEFORE INCOME TAXES ȧǣǢǦ) ȧǡǥǢ) ȧǠșǧǨǢ)

AĊÆďĉÐĴŘÅÐĊÐťĴ ȧǦǤ) ȧǧǠ) ȧǤǢǨ)

NET LOSS $ (362) $ ȧǠǧǡ) $ (1,354)

LOSS PER COMMON SHARE

Basic $ ȧǠȘǠǡ)$ ȧǟȘǤǦ)$ ȧǣȘǧǧ)

Diluted $ ȧǠȘǠǡ)$ ȧǟȘǤǦ)$ ȧǣȘǧǧ)

wÐÐÆÆďĉĨĊřðĊæĊďĴÐĮĴďÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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JETBLUE AIRWAYS CORPORATION

Consolidated Statements of Comprehensive Loss

Years Ended December 31,

(in millions)

2022 2021 2020

NET LOSS $ (362) $ ȧǠǧǡ) $ (1,354)

Changes in fair value of available-for-sale investment securities and

ÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴĮșĊÐĴďåīÐÆăĮĮðťÆĴðďĊĮðĊĴďÐīĊðĊæĮșĊÐĴďåĴŘÐĮ

ďåɄǟșɄǟșĊÌɄǟðĊǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟșīÐĮĨÐÆĴðŒÐăř ——ȧǡ)

}ďĴăďĴìÐīÆďĉĨīÐìÐĊĮðŒÐăďĮĮ ——ȧǡ)

COMPREHENSIVE LOSS $ (362) $ ȧǠǧǡ) $ (1,356)

wÐÐÆÆďĉĨĊřðĊæĊďĴÐĮĴďÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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JETBLUE AIRWAYS CORPORATION

Consolidated Statements of Cash Flows

Years Ended December 31,

(in millions)

2022 2021 2020

CASH FLOWS FROM OPERATING ACTIVITIES

UÐĴăďĮĮ $ ȧǢǥǡ)$ ȧǠǧǡ)$ ȧǠșǢǤǣ)

ÌþķĮĴĉÐĊĴĮĴďīÐÆďĊÆðăÐĊÐĴăďĮĮĴďĊÐĴÆĮìĨīďŒðÌÐÌÅřďĨÐīĴðĊæ

activities:

Deferred income taxes ȧǦǢ) ȧǧǧ) ȧǢǡǨ)

wĨÐÆðăðĴÐĉĮȭŦÐÐĴĴīĊĮðĴðďĊ Ǥǡ — ǡǦǢ

#ÐĨīÐÆðĴðďĊĊÌĉďīĴðšĴðďĊ ǤǧǤ Ǥǣǟ ǤǢǤ

wĴďÆāȭÅĮÐÌÆďĉĨÐĊĮĴðďĊ Ǣǟ ǡǧ ǡǧ

OďĮĮÐĮďĊĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮ ——Ǡǟǥ

OďĮĮÐĮďĊÌÐÅĴÐŘĴðĊæķðĮìĉÐĊĴĮ — Ǥǟ Ǩ

ĊīÐăðšÐÌȧæðĊĮȨăďĮĮÐĮďĊðĊŒÐĮĴĉÐĊĴĮ Ǡǡ ȧǣǨ) ǡ

Changes in certain operating assets and liabilities:

(Increase) decrease in receivables ȧǠǠǠ) ȧǣǥ) Ǡǣǣ

#ÐÆīÐĮÐðĊðĊŒÐĊĴďīðÐĮșĨīÐĨðÌĊÌďĴìÐī ǡǟǠ ǠǢǧ Ǥǡ

AĊÆīÐĮÐðĊðīĴīŨÆăðÅðăðĴř Ǣǟ ǣǣǦ ǥǥ

Increase (decrease) in accounts payable and other accrued liabilities ǡǥ ǧǟǥ ȧǡǤǤ)

ZĴìÐīșĊÐĴ ȧǠǠ) ȧǡ) ǣǟ

UÐĴÆĮìĨīďŒðÌÐÌÅřȧķĮÐÌðĊȨďĨÐīĴðĊæÆĴðŒðĴðÐĮ ǢǦǨ Ǡșǥǣǡ ȧǥǧǢ)

CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditures ȧǦǥǦ) ȧǨǟǦ) ȧǦǠǤ)

qīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮåďīŦðæìĴÐĪķðĨĉÐĊĴ ȧǠǤǥ) ȧǧǧȨ ȧǦǥ)

Purchase of held-to-maturity investments ȧǠǣǡ) ȧǢǦ)—

Proceeds from the maturities of held-to-maturity investments ǡ — ǡǠ

Purchase of available-for-sale securities ȧǣǦǢ) ȧǠșǤǦǦ) ȧǠșǨǥǡ)

Proceeds from the sale of available-for-sale securities ǨǢǣ ǠșǨǠǟ ǠșǠǦǣ

qīďÆÐÐÌĮåīďĉĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮ ——ǡǟǨ

qřĉÐĊĴåďīwĨðīðĴðīăðĊÐĮÆĪķðĮðĴðďĊ ȧǡǨǦ)— —

ZĴìÐīșĊÐĴ ȧǨ) ȧǤ)—

UÐĴÆĮìķĮÐÌðĊðĊŒÐĮĴðĊæÆĴðŒðĴðÐĮ ȧǨǟǧ) ȧǦǟǣ) ȧǠșǢǣǨ)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from issuance of long-term debt — ǠșǟǠǟ ǡșǤǣǠ

Proceeds from short-term borrowings — — ǨǧǠ

qīďÆÐÐÌĮåīďĉĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮ ——ǢǤǣ

qīďÆÐÐÌĮåīďĉðĮĮķĊÆÐďåÆďĉĉďĊĮĴďÆā Ǥǡ ǣǥ ǥǠǨ

qīďÆÐÐÌĮåīďĉðĮĮķĊÆÐďåĮĴďÆāœīīĊĴĮ — Ǡǣ ǡǧ

wÐÐÆÆďĉĨĊřðĊæĊďĴÐĮĴďÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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Years Ended December 31,

(in millions)

2022 2021 2020

tÐĨřĉÐĊĴďåăďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ ȧǢǥǨ) ȧǠșǧǨǡ) ȧǢǦǡ)

tÐĨřĉÐĊĴďåĮìďīĴȭĴÐīĉÅďīīďœðĊæĮ ——ȧǠșǟǟǟ)

ÆĪķðĮðĴðďĊďåĴīÐĮķīřĮĴďÆā ȧǥ) ȧǧ) ȧǠǥǦ)

ZĴìÐīșĊÐĴ ȧǢǦ)— ȧǠ)

UÐĴÆĮìȧķĮÐÌðĊȨĨīďŒðÌÐÌÅřťĊĊÆðĊæÆĴðŒðĴðÐĮ ȧǢǥǟ) ȧǧǢǟ) ǡșǨǧǢ

(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED

CASH

ȧǧǧǨ) Ǡǟǧ ǨǤǠ

ĮìșÆĮìÐĪķðŒăÐĊĴĮĊÌīÐĮĴīðÆĴÐÌÆĮìĴÅÐæðĊĊðĊæďåĨÐīðďÌ ǡșǟǦǦ ǠșǨǥǨ ǠșǟǠǧ

CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD

(1)

$ ǠșǠǧǧ $ 2,077 $ 1,969

SUPPLEMENTAL CASH FLOW INFORMATION

Cash payments for interest $ Ǡǡǣ $ Ǡǧǟ $ ǠǢǨ

ĮìĨřĉÐĊĴĮȧīÐåķĊÌĮȨåďīðĊÆďĉÐĴŘÐĮșĊÐĴ ȧǣǤ) ǢǤ

NON-CASH TRANSACTIONS

Operating lease assets obtained in exchange for operating lease liabilities $ ǢǠ $ ǣǥ $ Ǡǣǣ

(1) Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets:

December 31,

(in millions)

2022 2021 2020

Cash and cash equivalents $ Ǡșǟǣǡ $ ǡșǟǠǧ $ ǠșǨǠǧ

tÐĮĴīðÆĴÐÌÆĮì Ǡǣǥ ǤǨ ǤǠ

TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ ǠșǠǧǧ $ 2,077 $ 1,969

wÐÐÆÆďĉĨĊřðĊæĊďĴÐĮĴďÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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JETBLUE AIRWAYS CORPORATION

Consolidated Statements of Stockholders’ Equity

(in millions)

Common

Stock

Treasury

Stock

Additional

Paid-In

Capital

Retained

Earnings

Accumulated

Other

Comprehensive

Income (Loss) Total

BALANCE AT DECEMBER 31, 2019 427 $ 4 145 $ ȧǠșǦǧǡ) $ 2,253 $ 4,322 $ 2 $ 4,799

UÐĴăďĮĮ —— ———ȧǠșǢǤǣ)—ȧǠșǢǤǣ)

Other comprehensive (loss) — — — — — — ȧǡ) ȧǡ)

ÐĮĴðĊæďåīÐĮĴīðÆĴÐÌĮĴďÆāķĊðĴĮ Ǡ — — ȧǦ)—— —ȧǦ)

wĴďÆāÆďĉĨÐĊĮĴðďĊÐŘĨÐĊĮÐ —— ——ǡǧ ——ǡǧ

wìīÐĮðĮĮķÐÌķĊÌÐīīÐœĉÐĉÅÐī

wĴďÆāqķīÆìĮÐqăĊ ǣ — — — ǢǤ ——ǢǤ

wìīÐĮīÐĨķīÆìĮÐÌ —— ǠǢ ȧǠǨǡ) Ǣǡ ——ȧǠǥǟ)

t'wÆĴœīīĊĴðĮĮķĊÆÐ —— ——ǡǧ ——ǡǧ

wìīÐĮðĮĮķÐÌķĊÌÐīÆďĉĉďĊ

ĮĴďÆāɁďååÐīðĊæ ǣǡ Ǡ ——ǤǧǢ ——Ǥǧǣ

BALANCE AT DECEMBER 31, 2020 474 $ 5 ǠǤǧ $ ȧǠșǨǧǠ) $ 2,959 $ ǡșǨǥǧ $ — $ 3,951

UÐĴăďĮĮ —————ȧǠǧǡ)—ȧǠǧǡ)

ÐĮĴðĊæďåīÐĮĴīðÆĴÐÌĮĴďÆāķĊðĴĮ Ǡ —— ȧǧ)—— —ȧǧ)

wĴďÆāÆďĉĨÐĊĮĴðďĊÐŘĨÐĊĮÐ ————ǡǧ ——ǡǧ

wìīÐĮðĮĮķÐÌķĊÌÐīīÐœĉÐĉÅÐī

wĴďÆāqķīÆìĮÐqăĊ Ǣ —— — ǣǥ ——ǣǥ

Warrants issued under federal

support programs — — — — Ǡǣ ——Ǡǣ

BALANCE AT DECEMBER 31, 2021 ǣǦǧ $5 ǠǤǧ $ ȧǠșǨǧǨ) $ 3,047 $ ǡșǦǧǥ $— $ǢșǧǣǨ

UÐĴăďĮĮ —————ȧǢǥǡ)— ȧǢǥǡ)

ÐĮĴðĊæďåīÐĮĴīðÆĴÐÌĮĴďÆāķĊðĴĮ Ǡ — Ǡȧǥ)—— — ȧǥ)

wĴďÆāÆďĉĨÐĊĮĴðďĊÐŘĨÐĊĮÐ ————Ǣǟ —— Ǣǟ

wìīÐĮðĮĮķÐÌķĊÌÐīīÐœĉÐĉÅÐī

wĴďÆāqķīÆìĮÐqăĊ Ǧ — — — Ǥǡ —— Ǥǡ

BALANCE AT DECEMBER 31, 2022 ǣǧǥ $ 5 159 $ (1,995) $ 3,129 $ 2,424 $ — $ 3,563

wÐÐÆÆďĉĨĊřðĊæĊďĴÐĮĴďÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

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JETBLUE AIRWAYS CORPORATION

Notes to Consolidated Financial Statements

LÐĴăķÐðīœřĮďīĨďīĴðďĊșďīLÐĴăķÐșðĮUÐœďīāȸĮ>ďĉÐĴďœĊ

ðīăðĊÐɮȘÐÅÐăðÐŒÐďķīÌðååÐīÐĊĴðĴÐÌĨīďÌķÆĴĊÌĮÐīŒðÆÐ

offerings combined with our competitive cost advantage enables

ķĮĴďÐååÐÆĴðŒÐăřÆďĉĨÐĴÐðĊĴìÐìðæìȭŒăķÐæÐďæīĨìřœÐĮÐīŒÐȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐĮÐīŒÐÌǠǟǧÌÐĮĴðĊĴðďĊĮðĊǢǡĮĴĴÐĮș

ĴìÐ#ðĮĴīðÆĴďåďăķĉÅðșĴìÐďĉĉďĊœÐăĴìďåqķÐīĴďtðÆďș

ĴìÐȘwȘðīæðĊAĮăĊÌĮșǡǣÆďķĊĴīðÐĮðĊĴìÐīðÅÅÐĊĊÌOĴðĊ

ĉÐīðÆșĊÌșĊÌ'ĊæăĊÌȘ

NOTEǠ wķĉĉīřďåwðæĊðťÆĊĴÆÆďķĊĴðĊæqďăðÆðÐĮ

Basis of Presentation

LÐĴăķÐĨīďŒðÌÐĮðīĴīĊĮĨďīĴĴðďĊĮÐīŒðÆÐĮÆīďĮĮĴìÐĊðĴÐÌ

wĴĴÐĮșĴìÐīðÅÅÐĊșOĴðĊĉÐīðÆșĊÌșĊÌ'ĊæăĊÌȘ

ZķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮìŒÐÅÐÐĊĨīÐĨīÐÌðĊ

accordance with accounting principles generally accepted in the

ĊðĴÐÌwĴĴÐĮșďī:qșĊÌðĊÆăķÌÐĴìÐÆÆďķĊĴĮďåLÐĴăķÐĊÌ

ďķīĮķÅĮðÌðīðÐĮȘăăĉþďīðĴřȭďœĊÐÌĮķÅĮðÌðīðÐĮīÐÆďĊĮďăðÌĴÐÌ

œðĴìăăðĊĴÐīÆďĉĨĊřĴīĊĮÆĴðďĊĮĊÌÅăĊÆÐĮÅÐðĊæÐăðĉðĊĴÐÌȘ

ÐìŒÐīÐÆăĮĮðťÐÌÆÐīĴðĊĨīðďīĨÐīðďÌĉďķĊĴĮĴďÆďĊåďīĉ

ĴďĴìÐÆķīīÐĊĴĨÐīðďÌĨīÐĮÐĊĴĴðďĊȘĊăÐĮĮďĴìÐīœðĮÐĊďĴÐÌșăă

amounts disclosed are stated before consideration of income

ĴŘÐĮȘ

Use of Estimates

}ìÐĨīÐĨīĴðďĊďåďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮĊÌ

ÆÆďĉĨĊřðĊæĊďĴÐĮðĊÆďĊåďīĉðĴřœðĴì:qīÐĪķðīÐĮķĮĴďĉāÐ

ÆÐīĴðĊÐĮĴðĉĴÐĮĊÌĮĮķĉĨĴðďĊĮȘÆĴķăīÐĮķăĴĮÆďķăÌÌðååÐī

åīďĉĴìďĮÐÐĮĴðĉĴÐĮȘ

Fair Value

}ìÐ9ðīăķÐTÐĮķīÐĉÐĊĴĮ ĊÌ #ðĮÆăďĮķīÐĮ topic of the Financial

ÆÆďķĊĴðĊæwĴĊÌīÌĮďīÌȧĴìÐȵ9wȶȨÆÆďķĊĴðĊæwĴĊÌīÌĮ

ďÌðťÆĴðďĊɮȧȵwȶďīĴìÐȵďÌðťÆĴðďĊȶȨÐĮĴÅăðĮìÐĮåīĉÐœďīā

for measuring fair value and requires enhanced disclosures about

åðīŒăķÐĉÐĮķīÐĉÐĊĴĮȘ}ìðĮĴďĨðÆÆăīðťÐĮĴìĴåðīŒăķÐðĮĊ

ÐŘðĴĨīðÆÐșīÐĨīÐĮÐĊĴðĊæĴìÐĉďķĊĴĴìĴœďķăÌÅÐīÐÆÐðŒÐÌĴďĮÐăă

an asset or paid to transfer a liability in an orderly transaction

ÅÐĴœÐÐĊĉīāÐĴĨīĴðÆðĨĊĴĮȘ}ìÐĴďĨðÆăĮďīÐĪķðīÐĮÌðĮÆăďĮķīÐ

about how fair value is determined for assets and liabilities and

establishes a hierarchy for which these assets and liabilities must

ÅÐæīďķĨÐÌșÅĮÐÌďĊĮðæĊðťÆĊĴăÐŒÐăĮďåðĊĨķĴĮȘtÐåÐīĴďUďĴÐ

ǠǢĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīĉďīÐðĊåďīĉĴðďĊȘ

Cash and Cash Equivalents

ZķīÆĮìĊÌÆĮìÐĪķðŒăÐĊĴĮðĊÆăķÌÐĮìďīĴȭĴÐīĉșìðæìăřăðĪķðÌ

ðĊŒÐĮĴĉÐĊĴĮœìðÆìīÐīÐÌðăřÆďĊŒÐīĴðÅăÐðĊĴďÆĮìȘ}ìÐĮÐ

ðĊŒÐĮĴĉÐĊĴĮðĊÆăķÌÐĉďĊÐřĉīāÐĴĮÐÆķīðĴðÐĮșÆďĉĉÐīÆðăĨĨÐīș

and time deposits with maturities of three months or less when

ĨķīÆìĮÐÌȘ

Restricted Cash

tÐĮĴīðÆĴÐÌÆĮìĨīðĉīðăřÆďĊĮðĮĴĮďååķĊÌĮìÐăÌðĊÐĮÆīďœåďī

ÐĮĴðĉĴÐÌœďīāÐīĮȸÆďĉĨÐĊĮĴðďĊďÅăðæĴðďĊĮĊÌďĴìÐīăÐĴĴÐīĮ

ďåÆīÐÌðĴȘ

AĊUďŒÐĉÅÐīǡǟǡǡșœÐĨīĴĊÐīÐÌœðĴìL9NTðăăÐĊĊðķĉqīĴĊÐīOO

ȧȵLTqȶȨĴďťĊĊÆÐșÌÐŒÐăďĨșĊÌďĨÐīĴÐUÐœďīāȭLďìĊ9NÐĊĊÐÌř

ȧȵL9NȶȨ}ÐīĉðĊăǥĴďåÆðăðĴĴÐÆďĊŒÐĊðÐĊĴÆÆÐĮĮĊÌďĨĴðĉðšÐ

ĴīŨÆŦďœåďīďķīĨĮĮÐĊæÐīĮȘAĊÐŘÆìĊæÐďåĴìðĮĨīĴĊÐīĮìðĨș

œÐÆďĉĉðĴĴÐÌăÐĴĴÐīďåÆīÐÌðĴďåɄǥǤĉðăăðďĊåďīǤɦďœĊÐīĮìðĨ

ðĊLTq>ďăÌðĊæĮșOOȘ}ìðĮĉďķĊĴðĮðĊÆăķÌÐÌðĊīÐĮĴīðÆĴÐÌÆĮì

ďĊďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴȘ

Accounts Receivable

ÆÆďķĊĴĮīÐÆÐðŒÅăÐīÐÆīīðÐÌĴÆďĮĴȘ}ìÐřĨīðĉīðăřÆďĊĮðĮĴďå

amounts due from credit card companies associated with sales of

ĴðÆāÐĴĮåďīåķĴķīÐĴīŒÐăĮœÐăăĮĉďķĊĴĮÌķÐåīďĉďķīÆďȭÅīĊÌÐÌ

ÆīÐÌðĴÆīÌĨīĴĊÐīĮȘÐÐĮĴðĉĴÐĊăăďœĊÆÐåďīÌďķÅĴåķăÆÆďķĊĴĮ

ÅĮÐÌďĊāĊďœĊĴīďķÅăÐÌÆÆďķĊĴĮșðåĊřșĊÌìðĮĴďīðÆăÐŘĨÐīðÐĊÆÐ

ďåăďĮĮÐĮðĊÆķīīÐÌșĮœÐăăĮÆķīīÐĊĴĊÌÐŘĨÐÆĴÐÌÆďĊÌðĴðďĊĮȘ

Investment in Debt Securities

Investment in debt securities consist of available-for-sale

ðĊŒÐĮĴĉÐĊĴĮÐÆķīðĴðÐĮĊÌìÐăÌȭĴďȭĉĴķīðĴřðĊŒÐĮĴĉÐĊĴĮÐÆķīðĴðÐĮȘ

ìÐĊĮďăÌșœÐķĮÐĮĨÐÆðťÆðÌÐĊĴðťÆĴðďĊĉÐĴìďÌĴďÌÐĴÐīĉðĊÐ

ĴìÐÆďĮĴďåĴìÐĮÐÆķīðĴðÐĮȘ

AVAILABLE-FOR-SALE INVESTMENT SECURITIES

Our available-for-sale investment securities include highly

ăðĪķðÌðĊŒÐĮĴĉÐĊĴĮĮķÆìĮĴðĉÐÌÐĨďĮðĴĮșÆďĉĉÐīÆðăĨĨÐīș

and convertible debt securities which are stated at fair value

and included in investments securities on the consolidated

ÅăĊÆÐĮìÐÐĴȘÐ īÐÆďæĊðšÐÌ ĊÐĴķĊīÐăðšÐÌăďĮĮďå ɄǠ

million in accumulated other comprehensive income (loss) on

ĴìÐÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘÐ

īÐÆďæĊðšÐÌĊðĉĉĴÐīðăĊÐĴķĊīÐăðšÐÌăďĮĮåďīĴìÐĮĉÐĨÐīðďÌ

ÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘ

HELD-TO-MATURITY INVESTMENT SECURITIES

Our held-to-maturity investments consist of investment-grade

ðĊĴÐīÐĮĴÅÐīðĊæðĊĮĴīķĉÐĊĴĮșĮķÆìĮÆďīĨďīĴÐÅďĊÌĮĊÌȘwȘ

69JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

}īÐĮķīřĊďĴÐĮșœìðÆìīÐĮĴĴÐÌĴĉďīĴðšÐÌÆďĮĴȘÐÌďĊďĴ

ðĊĴÐĊÌĴďĮÐăăĴìÐĮÐðĊŒÐĮĴĉÐĊĴĮÐÆķīðĴðÐĮȘ}ìďĮÐœðĴìĉĴķīðĴðÐĮ

less than twelve months are included in investment securities in

ĴìÐÆķīīÐĊĴĮĮÐĴĮĮÐÆĴðďĊďåďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮȘ

}ìďĮÐœðĴìīÐĉðĊðĊæĉĴķīðĴðÐĮðĊÐŘÆÐĮĮďåĴœÐăŒÐĉďĊĴìĮīÐ

included in investment securities in the other assets section of

ďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮȘÐÌðÌĊďĴīÐÆďīÌĊřĉĴÐīðă

gains or losses on these securities during the years ended

#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșďīǡǟǡǟȘ}ìÐÐĮĴðĉĴÐÌåðīŒăķÐ

of these investments approximated their carrying value as of

#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠȘ

}ìÐÆīīřðĊæŒăķÐĮďåðĊŒÐĮĴĉÐĊĴĮðĊÌÐÅĴĮÐÆķīðĴðÐĮÆďĊĮðĮĴÐÌďåĴìÐåďăăďœðĊæĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠȧðĊĉðăăðďĊĮȨȚ

December 31, 2022 December 31, 2021

Available-for-sale securities

}ðĉÐÌÐĨďĮðĴĮ $ ǡǧǤ $ ǦǨǟ

Commercial paper ǢǨ ǡ

Debt securities ǠǢ ǧ

}ďĴăŒðăÅăÐȭåďīȭĮăÐĮÐÆķīðĴðÐĮ ǢǢǦ ǧǟǟ

Held-to-maturity securities

Corporate bonds ǠǦǦ ǢǦ

}ďĴăìÐăÌȭĴďȭĉĴķīðĴřĮÐÆķīðĴðÐĮ ǠǦǦ ǢǦ

TOTAL INVESTMENT IN DEBT SECURITIES $ 514 $ ǧǢǦ

Investment in Equity Securities

EQUITY METHOD INVESTMENTS

Investments in which we can exercise significant influence

are accounted for using the equity method in accordance with

}ďĨðÆǢǡǢșAĊŒÐĮĴĉÐĊĴĮȭ'ĪķðĴřTÐĴìďÌĊÌLďðĊĴÐĊĴķīÐĮof

ĴìÐďÌðåðÆĴðďĊȘ}ìÐÆīīřðĊæĉďķĊĴďåďķīÐĪķðĴřĉÐĴìďÌ

ðĊŒÐĮĴĉÐĊĴĮșœìðÆìðĮīÐÆďīÌÐÌœðĴìðĊďĴìÐīĮĮÐĴĮďĊďķī

ÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮșœĮɄǢǧĉðăăðďĊĊÌɄǢǡĉðăăðďĊĮ

ďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠșīÐĮĨÐÆĴðŒÐăřȘÐīÐÆďæĊðšÐÌ

ĊÐĴķĊīÐăðšÐÌăďĮĮďåɄǡĉðăăðďĊșɄǡĉðăăðďĊșĊÌɄǣĉðăăðďĊåďīĴìÐ

řÐīĮÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟðĊďĴìÐīðĊÆďĉÐ

ďĊďķīÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴďåďĨÐīĴðďĊĮȘ

OTHER INVESTMENTS

Our equity investment securities include investments in common

ĮĴďÆāĮďåĨķÅăðÆăřĴīÌÐÌÆďĉĨĊðÐĮœìðÆìīÐĮĴĴÐÌĴåðīŒăķÐȘ

}ìÐÆīīřðĊæĉďķĊĴďåďķīÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮÐÆķīðĴðÐĮșœìðÆì

are recorded within investment securities in the Current Assets

ĮÐÆĴðďĊďåďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴșœĮɄǧĉðăăðďĊĊÌ

ɄǡǥĉðăăðďĊĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠșīÐĮĨÐÆĴðŒÐăřȘÐ

īÐÆďæĊðšÐÌĊÐĴķĊīÐăðšÐÌăďĮĮďåɄǠǡĉðăăðďĊĊÌɄǠǟĉðăăðďĊðĊ

other income on our consolidated statement of operations for

ĴìÐřÐīÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠīÐĮĨÐÆĴðŒÐăřȘÐăĮď

īÐÆďæĊðšÐÌĊÐĴīÐăðšÐÌæðĊďåɄǠĉðăăðďĊďĊðĊďĴìÐīðĊÆďĉÐ

on our consolidated statement of operations for the year ending

#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘÐÌðÌĊďĴīÐÆďæĊðšÐĊřīÐăðšÐÌæðĊĮďī

ăďĮĮÐĮÌķīðĊæĴìÐĮĉÐĨÐīðďÌÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǠďīǡǟǡǟȘ

ZķīœìďăăřȭďœĊÐÌĮķÅĮðÌðīřșLșìĮÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮðĊ

emerging companies which do not have readily determinable

åðīŒăķÐĮȘAĊÆÆďīÌĊÆÐœðĴì}ďĨðÆǢǡǠșAĊŒÐĮĴĉÐĊĴĮȭ'ĪķðĴř

wÐÆķīðĴðÐĮďåĴìÐďÌðťÆĴðďĊșœÐÆÆďķĊĴåďīĴìÐĮÐðĊŒÐĮĴĉÐĊĴĮ

using a measurement alternative which allows entities to measure

ĴìÐĮÐðĊŒÐĮĴĉÐĊĴĮĴÆďĮĴșăÐĮĮĊřðĉĨðīĉÐĊĴșÌþķĮĴÐÌåďī

changes from observable price changes in orderly transactions

åďīðÌÐĊĴðťÅăÐďīĮðĉðăīðĊŒÐĮĴĉÐĊĴĮďåĴìÐĮĉÐðĮĮķÐīȘ}ìÐ

ÆīīřðĊæĉďķĊĴďåĴìÐĮÐðĊŒÐĮĴĉÐĊĴĮșœìðÆìðĮðĊÆăķÌÐÌœðĴìðĊ

ďĴìÐīĮĮÐĴĮďĊďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴșœĮɄǧǢĉðăăðďĊ

ĊÌɄǦǡĉðăăðďĊĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠīÐĮĨÐÆĴðŒÐăřȘ

ÐīÐÆďæĊðšÐÌĊðĉĨðīĉÐĊĴăďĮĮďåɄǡĉðăăðďĊðĊȧOďĮĮȨæðĊ

ďĊÐĪķðĴřðĊŒÐĮĴĉÐĊĴĮșĊÐĴďĊĴìÐÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴďå

ďĨÐīĴðďĊĮåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșæðĊďå

ɄǢǦɁĉðăăðďĊÌķīðĊæĴìÐĮĉÐĨÐīðďÌÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǠșĊÌ

ĊðĉĨðīĉÐĊĴăďĮĮďåɄǡĉðăăðďĊÌķīðĊæĴìÐĮĉÐĨÐīðďÌÐĊÌðĊæ

#ÐÆÐĉÅÐīǢǠșǡǟǡǟȘ

ÐìŒÐĊĨĨīďŘðĉĴÐǠǟɦďœĊÐīĮìðĨðĊĴÐīÐĮĴðĊĴìÐ}9ăðæìĴ

ÐĊĴÐī>ďĴÐăĴLďìĊ9ȘNÐĊĊÐÌřAĊĴÐīĊĴðďĊăðīĨďīĴșĊÌðĴðĮ

also accounted for under the measurement alternative in other

ĮĮÐĴĮĮÐÆĴðďĊďåĴìÐÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴȘ}ìÐÆīīřðĊæ

ĉďķĊĴďåĴìðĮðĊŒÐĮĴĉÐĊĴœĮɄǠǣĉðăăðďĊĮďå#ÐÆÐĉÅÐīǢǠș

ǡǟǡǡĊÌǡǟǡǠȘ

Derivative Instruments

ZķīÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴĮðĊÆăķÌÐåķÐăìÐÌæÐÆďĊĴīÆĴĮșĮķÆìĮ

þÐĴåķÐăÆăăďĨĴðďĊĮĊÌÆăăďĨĴðďĊĮĨīÐÌĮșœìðÆìīÐĮĴĴÐÌĴ

åðīŒăķÐșĊÐĴďåĊřÆďăăĴÐīăĨďĮĴðĊæĮȘ#ÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴĮ

are included in other current assets on our consolidated balance

ĮìÐÐĴĮȘtÐåÐīĴďUďĴÐǠǡĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮ

åďīĉďīÐðĊåďīĉĴðďĊȘ

Inventories

Inventories consist of expendable aircraft spare parts and

ĮķĨĨăðÐĮĴìĴīÐĮĴĴÐÌĴŒÐīæÐÆďĮĴșĮœÐăăĮðīÆīåĴ

åķÐăĴìĴðĮÆÆďķĊĴÐÌåďīďĊåðīĮĴȭðĊșåðīĮĴȭďķĴÅĮðĮȘ}ìÐĮÐ

ðĴÐĉĮīÐÐŘĨÐĊĮÐÌœìÐĊķĮÐÌďīÆďĊĮķĉÐÌȘĊăăďœĊÆÐåďī

obsolescence on aircraft spare parts and supplies is provided over

ĴìÐīÐĉðĊðĊæķĮÐåķăăðåÐďåĴìÐīÐăĴÐÌðīÆīåĴŦÐÐĴȘ

70 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Property and Equipment

We record our property and equipment at cost and depreciate

these assets on a straight-line basis over their estimated useful

ăðŒÐĮĴďĴìÐðīÐĮĴðĉĴÐÌīÐĮðÌķăŒăķÐĮȘÐÆĨðĴăðšÐÌÌðĴðďĊĮș

modifications enhancing the operating performance of our

ĮĮÐĴĮșĮœÐăăĮĴìÐðĊĴÐīÐĮĴīÐăĴÐÌĴďĨīÐȭÌÐăðŒÐīřÌÐĨďĮðĴĮ

ķĮÐÌĴďÆĪķðīÐĊÐœðīÆīåĴĊÌĴìÐÆďĊĮĴīķÆĴðďĊďåďķīåÆðăðĴðÐĮȘ

Estimated useful lives and residual values for our property and equipment are as follows:

Property and Equipment Type Estimated Useful Life Residual Value

Aircraft

ǡǤřÐīĮ ǡǟɦ

AĊŦðæìĴÐĊĴÐīĴðĊĉÐĊĴĮřĮĴÐĉĮ ǤȭǠǟřÐīĮ ǟɦ

Aircraft parts Fleet life Ǡǟɦ

Flight equipment leasehold improvements OďœÐīďåăÐĮÐĴÐīĉďīÐÆďĊďĉðÆăðåÐ ǟɦ

:īďķĊÌĨīďĨÐīĴřĊÌÐĪķðĨĉÐĊĴ ǡȭǠǟřÐīĮ ǟɦ

OÐĮÐìďăÌðĉĨīďŒÐĉÐĊĴĮȰďĴìÐī OďœÐīďåăÐĮÐĴÐīĉďīÐÆďĊďĉðÆăðåÐǟɦ

Buildings on leased land OÐĮÐĴÐīĉ ǟɦ

(1) The estimated remaining useful life of our Embraer E190 fleet ranges from 0-2 years with an average residual value of 12%.

qīďĨÐīĴřķĊÌÐīťĊĊÆÐăÐĮÐĮðĮðĊðĴðăăřīÐÆďīÌÐÌĴĊĉďķĊĴ

equal to the present value of future minimum lease payments

which is computed on the basis of our incremental borrowing rate

ďīșœìÐĊāĊďœĊșĴìÐðĊĴÐīÐĮĴīĴÐðĉĨăðÆðĴðĊĴìÐăÐĮÐȘĉďīĴðšĴðďĊ

ďåĨīďĨÐīĴřķĊÌÐīťĊĊÆÐăÐĮÐĮðĮďĊĮĴīðæìĴȭăðĊÐÅĮðĮďŒÐī

the expected useful life to their estimated residual values and is

ðĊÆăķÌÐÌðĊÌÐĨīÐÆðĴðďĊĊÌĉďīĴðšĴðďĊÐŘĨÐĊĮÐȘ

We record impairment losses on long-lived assets used in

operations when events and circumstances indicate the assets

ĉřÅÐðĉĨðīÐÌĊÌĴìÐķĊÌðĮÆďķĊĴÐÌåķĴķīÐÆĮìŦďœĮÐĮĴðĉĴÐÌ

ĴďÅÐæÐĊÐīĴÐÌÅřĴìÐĮĮÐĴĮīÐăÐĮĮĴìĊĴìÐĮĮÐĴĮȸĊÐĴÅďďā

ŒăķÐȘAåðĉĨðīĉÐĊĴďÆÆķīĮșĴìÐăďĮĮðĮĉÐĮķīÐÌÅřÆďĉĨīðĊæ

ĴìÐåðīŒăķÐďåĴìÐĮĮÐĴĴďðĴĮÆīīřðĊæĉďķĊĴȘ

Software

ÐÆĨðĴăðšÐÆÐīĴðĊÆďĮĴĮīÐăĴÐÌĴďĴìÐÆĪķðĮðĴðďĊĊÌ

ÌÐŒÐăďĨĉÐĊĴďåÆďĉĨķĴÐīĮďåĴœīÐȘÐĉďīĴðšÐĴìÐĮÐÆďĮĴĮ

using the straight-line method over the estimated useful life of

ĴìÐĮďåĴœīÐșœìðÆìðĮæÐĊÐīăăřťŒÐřÐīĮȘ}ìÐĊÐĴÅďďāŒăķÐďå

ÆďĉĨķĴÐīĮďåĴœīÐșœìðÆìðĮðĊÆăķÌÐÌðĊðĊĴĊæðÅăÐĮĮÐĴĮďĊďķī

ÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮșœĮɄǠǡǢĉðăăðďĊĊÌɄǠǣǣĉðăăðďĊ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠșīÐĮĨÐÆĴðŒÐăřȘĉďīĴðšĴðďĊ

ÐŘĨÐĊĮÐīÐăĴÐÌĴďÆďĉĨķĴÐīĮďåĴœīÐœĮɄǤǠɁĉðăăðďĊșɄǣǤɁĉðăăðďĊș

ĊÌɄǣǣĉðăăðďĊåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠș

ĊÌǡǟǡǟșīÐĮĨÐÆĴðŒÐăřȘĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșĉďīĴðšĴðďĊ

expense related to computer software is expected to be

ĨĨīďŘðĉĴÐăřɄǣǧĉðăăðďĊðĊǡǟǡǢșɄǢǦĉðăăðďĊðĊǡǟǡǣșɄǡǢɁĉðăăðďĊ

ðĊǡǟǡǤșɄǠǡĉðăăðďĊðĊǡǟǡǥșĊÌɄǢĉðăăðďĊðĊǡǟǡǦȘ

Indefinite-Lived Intangible Assets

Our indefinite-lived intangible assets consist primarily of

ÆĪķðīÐÌwăďĴĮĴÆÐīĴðĊ>ðæì#ÐĊĮðĴřðīĨďīĴĮœìðÆìīÐĮķăĴðĊ

ĊďĉďīĴðšĴðďĊÐŘĨÐĊĮÐȘwăďĴĮīÐĴìÐīðæìĴĮĴďĴāÐȭďååďīăĊÌ

ĴĮĨÐÆðťÆðīĨďīĴÌķīðĊæĮĨÐÆðťÆĴðĉÐĨÐīðďÌďåĴìÐÌřĊÌ

are a means by which airport capacity and congestion can be

ĉĊæÐÌȘÐÐŒăķĴÐďķīðĊÌÐťĊðĴÐȭăðŒÐÌðĊĴĊæðÅăÐĮĮÐĴĮåďī

impairment at least annually or when events and circumstances

ðĊÌðÆĴÐĴìÐřĉřÅÐðĉĨðīÐÌȘAĊÌðÆĴďīĮðĊÆăķÌÐďĨÐīĴðĊæďī

ÆĮìŦďœăďĮĮÐĮĮœÐăăĮŒīðďķĮĉīāÐĴåÆĴďīĮĴďÌÐĴÐīĉðĊÐ

if events and circumstances could reasonably have affected the

åðīŒăķÐȘĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠșďķīðĊÌÐťĊðĴÐȭăðŒÐÌ

ðĊĴĊæðÅăÐĮĮÐĴĮșœìðÆìīÐðĊÆăķÌÐÌðĊðĊĴĊæðÅăÐĮĮÐĴĮďĊďķī

ÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮșœÐīÐɄǠǢǨĉðăăðďĊȘÐĨÐīåďīĉÐÌĊ

ðĉĨðīĉÐĊĴĮĮÐĮĮĉÐĊĴĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌÌÐĴÐīĉðĊÐÌ

ďķīðĊÌÐťĊðĴÐȭăðŒÐÌðĊĴĊæðÅăÐĮĮÐĴĮœÐīÐĊďĴðĉĨðīÐÌȘ

Passenger Revenue

}ðÆāÐĴĮăÐĮĊÌĴìÐåÐÐĮÆďăăÐÆĴÐÌåďīīÐăĴÐÌĊÆðăăīřĮÐīŒðÆÐĮ

īÐðĊðĴðăăřÌÐåÐīīÐÌðĊðīĴīååðÆăðÅðăðĴřȘðīĴīååðÆăðÅðăðĴř

īÐĨīÐĮÐĊĴĮĴðÆāÐĴĮĮďăÌÅķĴĊďĴřÐĴŦďœĊșÆīÐÌðĴĮœìðÆìÆĊÅÐ

ķĮÐÌåďīåķĴķīÐĴīŒÐășĊÌĨďīĴðďĊďåĴìÐăðÅðăðĴřīÐăĴÐÌĴďďķī

}īķÐăķÐɮăďřăĴřĨīďæīĉȘÐăăďÆĴÐĴìÐĴīĊĮÆĴðďĊĨīðÆÐĴď

ÐÆìĨÐīåďīĉĊÆÐďÅăðæĴðďĊðÌÐĊĴðťÐÌðĊĨĮĮÐĊæÐīĴðÆāÐĴ

ďĊīÐăĴðŒÐĮĴĊÌăďĊÐÅĮðĮȘqĮĮÐĊæÐīīÐŒÐĊķÐșðĊÆăķÌðĊæ

ÆÐīĴðĊĊÆðăăīřåÐÐĮÌðīÐÆĴăřīÐăĴÐÌĴďĨĮĮÐĊæÐīĴðÆāÐĴĮșðĮ

īÐÆďæĊðšÐÌœìÐĊĴìÐĴīĊĮĨďīĴĴðďĊðĮĨīďŒðÌÐÌȘ}ŘÐĮĴìĴœÐ

īÐīÐĪķðīÐÌĴďÆďăăÐÆĴåīďĉďķīÆķĮĴďĉÐīĮșðĊÆăķÌðĊæåďīÐðæĊ

ĊÌȘwȘåÐÌÐīăĴīĊĮĨďīĴĴðďĊĴŘÐĮșĮÐÆķīðĴřĴŘÐĮșĊÌðīĨďīĴ

åÆðăðĴřÆìīæÐĮșīÐÐŘÆăķÌÐÌåīďĉĨĮĮÐĊæÐīīÐŒÐĊķÐȘ}ìďĮÐ

taxes and fees are recorded as a liability upon collection and

are relieved from the liability upon remittance to the applicable

æďŒÐīĊĉÐĊĴăæÐĊÆřȘ

}ìÐ ĉþďīðĴř ďå ĴìÐ ĴðÆāÐĴĮ ĮďăÌ īÐ ĊďĊȭīÐåķĊÌÅăÐȘ

UďĊȭīÐåķĊÌÅăÐåīÐĮĉřÅÐÆĊÆÐăÐÌĨīðďīĴďĴìÐĮÆìÐÌķăÐÌ

ÌÐĨīĴķīÐÌĴÐåďīÆīÐÌðĴåďīåķĴķīÐĴīŒÐăȘtÐåķĊÌÅăÐåīÐĮ

may be canceled at any time prior to the scheduled departure

ÌĴÐȘ9ðăķīÐĴďÆĊÆÐăīÐåķĊÌÅăÐåīÐĨīðďīĴďÌÐĨīĴķīÐœðăă

īÐĮķăĴðĊĴìÐÆĊÆÐăăĴðďĊďåĴìÐďīðæðĊăĴðÆāÐĴĊÌĊðĮĮķĊÆÐ

ďåÆīÐÌðĴåďīåķĴķīÐĴīŒÐăȘqĮĮÐĊæÐīÆīÐÌðĴĮÆĊÅÐķĮÐÌåďī

åķĴķīÐĴīŒÐăķĨĴďřÐīåīďĉĴìÐÌĴÐďåðĮĮķĊÆÐȘqĮĮÐĊæÐī

ÅīÐāæÐīÐŒÐĊķÐåīďĉķĊķĮÐÌĴðÆāÐĴĮĊÌĨĮĮÐĊæÐīÆīÐÌðĴĮ

œðăăÅÐīÐÆďæĊðšÐÌðĊĨīďĨďīĴðďĊĴďåăďœĊīÐŒÐĊķÐÅĮÐÌďĊ

ÐĮĴðĉĴÐĮďåÐŘĨÐÆĴÐÌÐŘĨðīĴðďĊœìÐĊĴìÐăðāÐăðìďďÌďåĴìÐ

ÆķĮĴďĉÐīÐŘÐīÆðĮðĊæìðĮďīìÐīīÐĉðĊðĊæīðæìĴĮÅÐÆďĉÐĮīÐĉďĴÐȘ

īÐāæÐīÐŒÐĊķÐÆďĊĮðĮĴĮďåĴðÆāÐĴĮĴìĴīÐĉðĊķĊķĮÐÌĨĮĴ

71JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

ĴìÐÌÐĨīĴķīÐÌĴÐșìŒÐÆďĊĴðĊķÐÌŒăðÌðĴřșĊÌīÐÐŘĨÐÆĴÐÌĴď

ķăĴðĉĴÐăřÐŘĨðīÐķĊķĮÐÌșĮœÐăăĮĨĮĮÐĊæÐīÆīÐÌðĴĮĴìĴīÐ

ĊďĴÐŘĨÐÆĴÐÌĴďÅÐīÐÌÐÐĉÐÌĨīðďīĴďÐŘĨðīĴðďĊȘLÐĴăķÐķĮÐĮ

ÐĮĴðĉĴÐĮÅĮÐÌďĊìðĮĴďīðÆăÐŘĨÐīðÐĊÆÐďåÐŘĨðīÐÌĴðÆāÐĴĮĊÌ

credits and considers other factors that could impact future

ÐŘĨðīĴðďĊĨĴĴÐīĊĮďåĴðÆāÐĴĮĊÌÆīÐÌðĴĮȘ}ðÆāÐĴĮœìðÆìÌďĊďĴ

ìŒÐÆďĊĴðĊķÐÌŒăðÌðĴřĨĮĴĴìÐÌÐĨīĴķīÐÌĴÐīÐīÐÆďæĊðšÐÌĮ

īÐŒÐĊķÐåĴÐīĴìÐĮÆìÐÌķăÐÌÌÐĨīĴķīÐÌĴÐìĮăĨĮÐÌȘ

qĮĮÐĊæÐīĴðÆāÐĴÆďĮĴĮĨīðĉīðăřðĊÆăķÌÐÆīÐÌðĴÆīÌåÐÐĮș

ÆďĉĉðĮĮðďĊĮĨðÌșĊÌæăďÅăÌðĮĴīðÅķĴðďĊĮřĮĴÐĉĮÅďďāðĊæåÐÐĮȘ

Costs are allocated entirely to the purchased travel services

ĊÌīÐÆĨðĴăðšÐÌķĊĴðăīÐÆďæĊðšÐÌœìÐĊĴīŒÐăĮÐīŒðÆÐĮīÐ

ĨīďŒðÌÐÌĴďĴìÐÆķĮĴďĉÐīȘ

AĊīÐĮĨďĊĮÐĴďĴìÐðĉĨÆĴďåZA#ȭǠǨďĊðīĴīŒÐășðĊǡǟǡǟș

we extended the expiration dates for travel credits issued from

9ÐÅīķīřǡǦșǡǟǡǟĴìīďķæìLķĊÐǢǟșǡǟǡǟĴďǡǣȭĉďĊĴìĨÐīðďÌȘ

AĊLĊķīřǡǟǡǡșðĊīÐĮĨďĊĮÐĴďĴìÐĮķīæÐðĊZA#ȭǠǨÆĮÐĮ

ĊÌŦðæìĴÆĊÆÐăăĴðďĊĮðĊăĴÐǡǟǡǠșœÐåķīĴìÐīÐŘĴÐĊÌÐÌĴìÐ

expiration dates for travel credits with an original expiration

ÌĴÐÅÐĴœÐÐĊ9ÐÅīķīřǠșǡǟǡǟĴìīďķæìwÐĨĴÐĉÅÐīǡǨșǡǟǡǡĴď

wÐĨĴÐĉÅÐīǢǟșǡǟǡǡȘăăÆīÐÌðĴĮÐŘĴÐĊÌÐÌÌķÐĴďZA#ȭǠǨìŒÐ

ÐŘĨðīÐÌĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

Loyalty Program

ķĮĴďĉÐīĮĉřÐīĊĨďðĊĴĮķĊÌÐīďķīÆķĮĴďĉÐīăďřăĴřĨīďæīĉș

}īķÐăķÐɮșÅĮÐÌďĊĴìÐåīÐĨðÌĊÌåīÐĨīďÌķÆĴĨķīÆìĮÐÌåďī

ŦðæìĴȘķĮĴďĉÐīĮÆĊăĮďÐīĊĨďðĊĴĮĴìīďķæìÅķĮðĊÐĮĮĨīĴĊÐīĮ

ĮķÆìĮÆīÐÌðĴÆīÌÆďĉĨĊðÐĮșìďĴÐăĮșÆīīÐĊĴăÆďĉĨĊðÐĮșĊÌ

ďķīĨīĴðÆðĨĴðĊæðīăðĊÐĨīĴĊÐīĮȘ

POINTS EARNED FROM A TICKET PURCHASE

ìÐĊ}īķÐăķÐɮĉÐĉÅÐīĴīŒÐăĮșœÐīÐÆďæĊðšÐĨďīĴðďĊďåĴìÐ

åīÐĮīÐŒÐĊķÐĊÌÌÐåÐīðĊðīĴīŨÆăðÅðăðĴðÐĮĴìÐĨďīĴðďĊĴìĴ

īÐĨīÐĮÐĊĴĮĴìÐŒăķÐďåĴìÐĨďðĊĴĮĊÐĴďåĮĨďðăæÐșďīÅīÐāæÐȘÐ

allocate the transaction price to each performance obligation on

īÐăĴðŒÐĮĴĊÌăďĊÐÅĮðĮȘÐÌÐĴÐīĉðĊÐĴìÐīÐăĴðŒÐĮĴĊÌăďĊÐ

ĮÐăăðĊæĨīðÆÐďå}īķÐăķÐɮĨďðĊĴĮðĮĮķÐÌķĮðĊæĴìÐīÐÌÐĉĨĴðďĊŒăķÐ

ĨĨīďÆìȘ}ďĉŘðĉðšÐĴìÐķĮÐďåďÅĮÐīŒÅăÐðĊĨķĴĮșœÐķĴðăðšÐĴìÐ

ÆĴķăĴðÆāÐĴŒăķÐďåĴìÐĴðÆāÐĴĮĨķīÆìĮÐÌœðĴì}īķÐăķÐɮĨďðĊĴĮȘ

}ìÐăðÅðăðĴřðĮīÐăðÐŒÐÌĊÌĨĮĮÐĊæÐīīÐŒÐĊķÐðĮīÐÆďæĊðšÐÌœìÐĊ

ĴìÐĨďðĊĴĮīÐīÐÌÐÐĉÐÌĊÌĴìÐåīÐÐĴīŒÐăðĮĨīďŒðÌÐÌȘ

POINTS SOLD TO TRUEBLUE® PARTNERS

Zķī ĉďĮĴĮðæĊðåðÆĊĴ ÆďĊĴīÆĴ ĴďĮÐăă }īķÐăķÐɮ ĨďðĊĴĮ ðĮ

œðĴìďķīÆďȭÅīĊÌÐÌÆīÐÌðĴÆīÌĨīĴĊÐīȘďȭÅīĊÌÐÌÆīÐÌðĴ

card partnerships have the following identified performance

obligations: air transportation; use of the JetBlue brand name

ĊÌÆÆÐĮĮĴďďķīåīÐĪķÐĊĴŦřÐīÆķĮĴďĉÐīăðĮĴĮțÌŒÐīĴðĮðĊæțĊÌ

ďĴìÐīðīăðĊÐÅÐĊÐåðĴĮȘAĊÌÐĴÐīĉðĊðĊæĴìÐīÐăĴðŒÐĮĴĊÌăďĊÐ

ĮÐăăðĊæĨīðÆÐșLÐĴăķÐÆďĊĮðÌÐīÐÌĉķăĴðĨăÐðĊĨķĴĮșĉÐĴìďÌĮ

ĊÌĮĮķĉĨĴðďĊĮșðĊÆăķÌðĊæȚÌðĮÆďķĊĴÐÌÆĮìŦďœĮțÐĮĴðĉĴÐÌ

īÐÌÐĉĨĴðďĊŒăķÐșĊÐĴďååķăťăăĉÐĊĴÌðĮÆďķĊĴțĨďðĊĴĮÐŘĨÐÆĴÐÌ

to be awarded and redeemed; estimated annual spending by

ÆīÌìďăÌÐīĮțÐĮĴðĉĴÐÌĊĊķăīďřăĴřåďīķĮÐďåLÐĴăķÐȸĮåīÐĪķÐĊĴ

ŦřÐīÆķĮĴďĉÐīăðĮĴĮțĊÌÐĮĴðĉĴÐÌķĴðăðšĴðďĊďåďĴìÐīðīăðĊÐ

ÅÐĊÐťĴĮȘqřĉÐĊĴĮīÐĴřĨðÆăăřÌķÐĉďĊĴìăřÅĮÐÌďĊĴìÐŒďăķĉÐ

ďåĨďðĊĴĮĮďăÌÌķīðĊæĴìÐĨÐīðďÌșĊÌĴìÐĴÐīĉĮďåďķīÆďĊĴīÆĴĮ

īÐæÐĊÐīăăřåīďĉďĊÐĴďĴÐĊřÐīĮȘ}ìÐďŒÐīăăÆďĊĮðÌÐīĴðďĊ

received is allocated to each performance obligation based

ďĊðĴĮīÐăĴðŒÐĮĴĊÌăďĊÐĮÐăăðĊæĨīðÆÐȘ}ìÐðīĴīĊĮĨďīĴĴðďĊ

ÐăÐĉÐĊĴðĮÌÐåÐīīÐÌĊÌīÐÆďæĊðšÐÌĮĨĮĮÐĊæÐīīÐŒÐĊķÐœìÐĊ

ĴìÐĨďðĊĴĮīÐīÐÌÐÐĉÐÌȘ}ìÐďĴìÐīÐăÐĉÐĊĴĮīÐīÐÆďæĊðšÐÌĮ

other revenue when the performance obligations related to those

ĮÐīŒðÆÐĮīÐĮĴðĮťÐÌșœìðÆìðĮæÐĊÐīăăřĴìÐĮĉÐĨÐīðďÌĮœìÐĊ

ÆďĊĮðÌÐīĴðďĊðĮīÐÆÐðŒÐÌåīďĉĴìÐĨīĴðÆðĨĴðĊæÆďĉĨĊřȘ

Amounts allocated to the air transportation element which

are initially deferred include a portion that are expected to be

redeemed during the following twelve months (included within

ðīĴīååðÆăðÅðăðĴřȨșĊÌĨďīĴðďĊĴìĴīÐĊďĴÐŘĨÐÆĴÐÌĴďÅÐ

redeemed during the following twelve months (included within Air

ĴīŨÆăðÅðăðĴřȭĊďĊȭÆķīīÐĊĴȨȘÐĨÐīðďÌðÆăăřķĨÌĴÐĴìðĮĊăřĮðĮ

ĊÌÌþķĮĴĴìÐĮĨăðĴÅÐĴœÐÐĊÆķīīÐĊĴĊÌĊďĊȭÆķīīÐĊĴăðÅðăðĴðÐĮ

ĮĨĨīďĨīðĴÐȘ

qďðĊĴĮÐīĊÐÌÅř}īķÐăķÐɮĉÐĉÅÐīĮĊÐŒÐīÐŘĨðīÐȘ}īķÐăķÐɮ

ĉÐĉÅÐīĮÆĊĨďďăĨďðĊĴĮÅÐĴœÐÐĊĮĉăăæīďķĨĮďåĨÐďĨăÐș

ÅīĊÌÐÌĮqďðĊĴĮqďďăðĊæɯȘīÐāæÐðĮ ÐĮĴðĉĴÐÌķĮðĊæ

ìðĮĴďīðÆăīÐÌÐĉĨĴðďĊĨĴĴÐīĊĮĴďÌÐĴÐīĉðĊÐÅīÐāæÐīĴÐȘ

īÐāæÐīĴÐĮķĮÐÌĴďÐĮĴðĉĴÐÅīÐāæÐīÐŒÐĊķÐīÐÐŒăķĴÐÌ

ĊĊķăăřȘ ìĊæÐĮĴďÅīÐāæÐ ÐĮĴðĉĴÐĮðĉĨÆĴ īÐŒÐĊķÐ

īÐÆďæĊðĴðďĊĨīďĮĨÐÆĴðŒÐăřȘ

Airframe and Engine Maintenance and Repair

tÐæķăīðīåīĉÐĉðĊĴÐĊĊÆÐåďīďœĊÐÌĊÌăÐĮÐÌåăðæìĴ

equipment is charged to expense as incurred unless covered by

ĴìðīÌȭĨīĴřăďĊæȭĴÐīĉŦðæìĴìďķīĮÐīŒðÆÐæīÐÐĉÐĊĴȘÐìŒÐ

separate service agreements in place covering scheduled and

unscheduled repairs of certain airframe line replacement unit

ÆďĉĨďĊÐĊĴĮĮœÐăăĮĴìÐÐĊæðĊÐĮðĊďķīŦÐÐĴȘÐīĴðĊďåĴìÐĮÐ

agreements require monthly payments at rates based either on

the number of cycles each aircraft was operated during each

ĉďĊĴìďīĴìÐĊķĉÅÐīďåŦðæìĴìďķīĮÐÆìÐĊæðĊÐœĮďĨÐīĴÐÌ

ÌķīðĊæÐÆìĉďĊĴìșĮķÅþÐÆĴĴďĊĊķăÐĮÆăĴðďĊĮȘ}ìÐĮÐĨďœÐī

ÅřĴìÐìďķīæīÐÐĉÐĊĴĮĴīĊĮåÐīÆÐīĴðĊīðĮāĮșðĊÆăķÌðĊæÆďĮĴ

īðĮāĮșĴďĴìÐĴìðīÌȭĨīĴřĮÐīŒðÆÐĨīďŒðÌÐīĮȘ}ìÐřæÐĊÐīăăřťŘĴìÐ

ĉďķĊĴœÐĨřĨÐīŦðæìĴìďķīďīĊķĉÅÐīďåÆřÆăÐĮðĊÐŘÆìĊæÐ

åďīĉðĊĴÐĊĊÆÐĊÌīÐĨðīĮķĊÌÐīĨīÐÌÐťĊÐÌĉðĊĴÐĊĊÆÐ

ĨīďæīĉșœìðÆìīÐīÐĨīÐĮÐĊĴĴðŒÐďåĴìÐĴðĉÐĊÌĉĴÐīðăĮĴìĴ

œďķăÌÅÐÆďĊĮķĉÐÌȘ}ìÐĮÐÆďĮĴĮīÐÐŘĨÐĊĮÐÌĮĴìÐīÐăĴÐÌ

ŦðæìĴìďķīĮďīÆřÆăÐĮīÐðĊÆķīīÐÌȘ

Advertising Costs

ÌŒÐīĴðĮðĊæÆďĮĴĮșœìðÆìīÐðĊÆăķÌÐÌðĊĮăÐĮĊÌĉīāÐĴðĊæș

īÐÐŘĨÐĊĮÐÌĮðĊÆķīīÐÌȘÌŒÐīĴðĮðĊæÐŘĨÐĊĮÐœĮɄǤǨĉðăăðďĊ

ðĊǡǟǡǡșɄǣǤĉðăăðďĊðĊǡǟǡǠșĊÌɄǣǤĉðăăðďĊðĊǡǟǡǟȘ

Share-Based Compensation

We record compensation expense for share-based awards

ÅĮÐÌďĊĴìÐæīĊĴÌĴÐåðīŒăķÐďåĴìďĮÐœīÌĮȘwìīÐȭÅĮÐÌ

compensation expense includes an estimate for pre-vesting

åďīåÐðĴķīÐĮĊÌðĮīÐÆďæĊðšÐÌďŒÐīĴìÐīÐĪķðĮðĴÐĮÐīŒðÆÐĨÐīðďÌĮ

ďåĴìÐœīÌĮďĊĮĴīðæìĴȭăðĊÐÅĮðĮȘ

72 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Income Taxes

ÐÆÆďķĊĴåďīðĊÆďĉÐĴŘÐĮķĴðăðšðĊæĴìÐăðÅðăðĴřĉÐĴìďÌȘ

#ÐåÐīīÐÌðĊÆďĉÐĴŘÐĮīÐīÐÆďæĊðšÐÌåďīĴìÐĴŘÆďĊĮÐĪķÐĊÆÐĮ

ďåĴÐĉĨďīīřÌðååÐīÐĊÆÐĮÅÐĴœÐÐĊĴìÐĴŘĊÌťĊĊÆðăĮĴĴÐĉÐĊĴ

īÐĨďīĴðĊæÅĮÐĮďåĮĮÐĴĮĊÌăðÅðăðĴðÐĮȘŒăķĴðďĊăăďœĊÆÐåďī

ÌÐåÐīīÐÌĴŘĮĮÐĴĮðĮĨīďŒðÌÐÌķĊăÐĮĮīÐăðšĴðďĊďåĴìÐĮĮÐĴðĮ

þķÌæÐÌÅřķĮĴďÅÐĉďīÐăðāÐăřĴìĊĊďĴȘZķīĨďăðÆřðĮĴďīÐÆďæĊðšÐ

ðĊĴÐīÐĮĴĊÌĨÐĊăĴðÐĮÆÆīķÐÌďĊĊřķĊīÐÆďæĊðšÐÌĴŘÅÐĊÐťĴĮ

ĮÆďĉĨďĊÐĊĴďåðĊÆďĉÐĴŘÐŘĨÐĊĮÐȘ

Recently Adopted Accounting Standards

AĊķæķĮĴǡǟǡǟșĴìÐ9wðĮĮķÐÌwǡǟǡǟȭǟǥș#ÐÅĴȰ#ÐÅĴœðĴì

ďĊŒÐīĮðďĊĊÌZĴìÐīZĨĴðďĊĮȧwķÅĴďĨðÆǣǦǟȭǡǟȨĊÌ#ÐīðŒĴðŒÐĮ

ĊÌ>ÐÌæðĊæȰďĊĴīÆĴĮðĊ'ĊĴðĴřȸĮZœĊ'ĪķðĴřȧwķÅĴďĨðÆǧǠǤȭǣǟȨȚ

ÆÆďķĊĴðĊæåďīďĊŒÐīĴðÅăÐAĊĮĴīķĉÐĊĴĮĊÌďĊĴīÆĴĮðĊĊ'ĊĴðĴřȸĮ

ZœĊ'ĪķðĴřȧȵwǡǟǡǟȭǟǥȶȨȘ}ìðĮķĨÌĴÐĮðĉĨăðťÐĮĴìÐÆÆďķĊĴðĊæ

for certain convertible instruments by removing the separation

models for convertible debt with a cash conversion feature and

åďīÆďĊŒÐīĴðÅăÐðĊĮĴīķĉÐĊĴĮœðĴìÅÐĊÐťÆðăÆďĊŒÐīĮðďĊåÐĴķīÐȘ

ĮīÐĮķăĴșĉďīÐÆďĊŒÐīĴðÅăÐÌÐÅĴðĊĮĴīķĉÐĊĴĮœðăăÅÐīÐĨďīĴÐÌ

as a single liability instrument with no separate accounting

åďīÐĉÅÐÌÌÐÌÆďĊŒÐīĮðďĊåÐĴķīÐĮȘÌÌðĴðďĊăăřșĴìðĮķĨÌĴÐ

amends the diluted earnings per share calculation for convertible

ðĊĮĴīķĉÐĊĴĮÅřīÐĪķðīðĊæĴìÐķĮÐďåĴìÐðåȭÆďĊŒÐīĴÐÌĉÐĴìďÌȘ

}ìÐĴīÐĮķīřĮĴďÆāĉÐĴìďÌðĮĊďăďĊæÐīŒðăÅăÐȘ'ĊĴðĴðÐĮĉř

ÌďĨĴĴìÐīÐĪķðīÐĉÐĊĴĮďåwǡǟǡǟȭǟǥķĮðĊæÐðĴìÐīåķăăďī

ĉďÌðťÐÌīÐĴīďĮĨÐÆĴðŒÐĨĨīďÆìșĊÌðĴðĮÐååÐÆĴðŒÐåďīðĊĴÐīðĉ

ĊÌĊĊķăīÐĨďīĴðĊæĨÐīðďÌĮÅÐæðĊĊðĊæåĴÐī#ÐÆÐĉÅÐīǠǤș

ǡǟǡǠȘÐÐīăřÌďĨĴÐÌĴìÐīÐĪķðīÐĉÐĊĴĮďåwǡǟǡǟȭǟǥĮ

ďåLĊķīřǠșǡǟǡǠȘ}ìÐÌďĨĴðďĊÌðÌĊďĴìŒÐĊðĉĨÆĴďĊ

ďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮĮœÐÌðÌĊďĴìŒÐĊř

ÆďĊŒÐīĴðÅăÐðĊĮĴīķĉÐĊĴĮďķĴĮĴĊÌðĊæĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǟȘ

ĮÌðĮÆķĮĮÐÌðĊUďĴÐǢĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮș

ðĊTīÆìǡǟǡǠșœÐɁÆďĉĨăÐĴÐÌĨīðŒĴÐďååÐīðĊæåďīɄǦǤǟĉðăăðďĊ

ďåǟȘǤǟɦÆďĊŒÐīĴðÅăÐĊďĴÐĮÌķÐǡǟǡǥȘ}ìÐÆīīřðĊæŒăķÐďå

this convertible note was included within long-term debt and

ťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮďĊďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮ

ďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠȘ

AĊ9ÐÅīķīřǡǟǡǠșwÐÆķīðĴðÐĮĊÌ'ŘÆìĊæÐďĉĉðĮĮðďĊȧȵw'ȶȨ

īķăÐðĊĴÐĊÌÐÌĴďĉďÌÐīĊðšÐșĮðĉĨăðåřșĊÌÐĊìĊÆÐÆÐīĴðĊ

ťĊĊÆðăÌðĮÆăďĮķīÐīÐĪķðīÐĉÐĊĴĮÅÐÆĉÐÐååÐÆĴðŒÐȘ}ìÐðĉĨÆĴ

ďåĴìðĮīķăÐďĊďķīťĊĊÆðăĮĴĴÐĉÐĊĴĮœĮĊďĴĉĴÐīðășăĴìďķæì

ĮÐŒÐīăÌðĮÆăďĮķīÐĮðĊTĊæÐĉÐĊĴȸĮ#ðĮÆķĮĮðďĊĊÌĊăřĮðĮďå

9ðĊĊÆðăďĊÌðĴðďĊĊÌtÐĮķăĴĮďåZĨÐīĴðďĊĮœÐīÐķĨÌĴÐÌȘ}ìÐ

ĨīðĉīřÌðĮÆăďĮķīÐÆìĊæÐĮœÐīÐĴďīÐĉďŒÐȚǠȨĮÐăÐÆĴÐÌťĊĊÆðă

ÌĴåďīĴìÐĨīÐÆÐÌðĊæťŒÐřÐīĮĊÌǡȨÌðĮÆķĮĮðďĊĮÆďĉĨīðĊæ

ǡǟǡǠĊÌǡǟǡǟīÐĮķăĴĮșĊÌÌðīÐÆĴīÐÌÐīĮďåďķī9ďīĉǠǟȭNĴď

ĴìÐĮÐÌðĮÆăďĮķīÐĮðĊÆăķÌÐÌðĊďķīĨīðďīw'ťăðĊæĮȘ

AĊUďŒÐĉÅÐīǡǟǡǠșĴìÐ9wðĮĮķÐÌwǡǟǡǠȭǠǟș:ďŒÐīĊĉÐĊĴ

ĮĮðĮĴĊÆÐȧ}ďĨðÆǧǢǡȨȚ#ðĮÆăďĮķīÐĮÅřķĮðĊÐĮĮ'ĊĴðĴðÐĮÅďķĴ

:ďŒÐīĊĉÐĊĴ ĮĮðĮĴĊÆÐȘ }ìðĮ æķðÌĊÆÐīÐĪķðīÐĮ ÅķĮðĊÐĮĮ

ÐĊĴðĴðÐĮĴďĉāÐĊĊķăÌðĮÆăďĮķīÐĮÅďķĴĴīĊĮÆĴðďĊĮœðĴì

government (including government assistance) they account

åďīÅřĊăďæðšðĊæĴďæīĊĴďīÆďĊĴīðÅķĴðďĊĉďÌÐăȘ}ìÐīÐĪķðīÐÌ

ÌðĮÆăďĮķīÐðĊÆăķÌÐĴìÐĊĴķīÐďåĴìÐĴīĊĮÆĴðďĊșĴìÐÐĊĴðĴřȸĮ

īÐăĴÐÌÆÆďķĊĴðĊæĨďăðÆřșĴìÐåðĊĊÆðăĮĴĴÐĉÐĊĴăðĊÐðĴÐĉĮ

ååÐÆĴÐÌĊÌĴìÐĉďķĊĴĮīÐŦÐÆĴÐÌðĊĴìÐÆķīīÐĊĴĨÐīðďÌťĊĊÆðă

ĮĴĴÐĉÐĊĴĮșĮœÐăăĮĊřĮðæĊðťÆĊĴĴÐīĉĮĊÌÆďĊÌðĴðďĊĮȘ}ìðĮ

æķðÌĊÆÐœĮÐååÐÆĴðŒÐåďīťĊĊÆðăĮĴĴÐĉÐĊĴĮðĮĮķÐÌåďīĊĊķă

ĨÐīðďÌĮÅÐæðĊĊðĊæåĴÐī#ÐÆÐĉÅÐīǠǤșǡǟǡǠșĊÌÐīăřÌďĨĴðďĊðĮ

ĨÐīĉðĴĴÐÌȘÐÐīăřÌďĨĴÐÌĴìÐīÐĪķðīÐĉÐĊĴĮďåwǡǟǡǠȭǠǟďĊ

ďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮĮďåĊÌåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘtÐåÐīĴďUďĴÐĮǢĊÌǠǦĴďďķīÆďĊĮďăðÌĴÐÌ

ťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīÌðĮÆăďĮķīÐĮďĊĴìÐŒīðďķĮĮĮðĮĴĊÆÐ

īÐÆÐðŒÐÌåīďĉĴìÐåÐÌÐīăæďŒÐīĊĉÐĊĴðĊīÐĮĨďĊĮÐĴďĴìÐZA#ȭǠǨ

ĨĊÌÐĉðÆȘ

NOTE 2 Revenue Recognition

}ìÐďĉĨĊřÆĴÐæďīðšÐĮĴìÐīÐŒÐĊķÐīÐÆÐðŒÐÌåīďĉÆďĊĴīÆĴĮœðĴìðĴĮÆķĮĴďĉÐīĮÅřīÐŒÐĊķÐĮďķīÆÐĮœÐÅÐăðÐŒÐðĴÅÐĮĴÌÐĨðÆĴĮĴìÐ

ĊĴķīÐșĉďķĊĴșĴðĉðĊæșĊÌķĊÆÐīĴðĊĴřďåďķīīÐŒÐĊķÐĊÌÆĮìŦďœȘ}ìÐåďăăďœðĊæĴÅăÐĨīďŒðÌÐĮĴìÐīÐŒÐĊķÐīÐÆďæĊðšÐÌÅřīÐŒÐĊķÐ

ĮďķīÆÐåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟȧðĊĉðăăðďĊĮȨȚ

TWELVE MONTHS ENDED DECEMBER 31,

2022 2021 2020

Passenger revenue

Passenger travel $ ǧșǟǦǧ $ ǤșǢǟǣ $ ǡșǤǤǠ

OďřăĴřīÐŒÐĊķÐȭðīĴīĊĮĨďīĴĴðďĊ Ǥǟǧ ǢǟǤ Ǡǧǡ

Other revenue

OďřăĴřīÐŒÐĊķÐ ǢǨǠ Ǣǟǥ Ǡǥǧ

Other revenue ǠǧǠ Ǡǡǡ Ǥǥ

TOTAL REVENUE $ ǨșǠǤǧ $ 6,037 $ 2,957

}īķÐăķÐɮðĮďķīÆķĮĴďĉÐīăďřăĴřĨīďæīĉÌÐĮðæĊÐÌĴďīÐœīÌĊÌīÐÆďæĊðšÐďķīÆķĮĴďĉÐīĮȘ}īķÐăķÐɮĨďðĊĴĮÐīĊÐÌåīďĉĴðÆāÐĴ

purchases are recorded as a reduction to qĮĮÐĊæÐīĴīŒÐăœðĴìðĊĨĮĮÐĊæÐīīÐŒÐĊķÐȘĉďķĊĴĮĨīÐĮÐĊĴÐÌðĊOďřăĴřīÐŒÐĊķÐȭðī

transportationīÐĨīÐĮÐĊĴĴìÐīÐŒÐĊķÐīÐÆďæĊðšÐÌœìÐĊ}īķÐăķÐɮĨďðĊĴĮìŒÐÅÐÐĊīÐÌÐÐĉÐÌĊÌĴìÐĴīŒÐăìĮďÆÆķīīÐÌȘOďřăĴř

īÐŒÐĊķÐœðĴìðĊďĴìÐīīÐŒÐĊķÐðĮĨīðĉīðăřÆďĉĨīðĮÐÌďåĴìÐĊďĊȭðīĴīĊĮĨďīĴĴðďĊÐăÐĉÐĊĴĮďåĴìÐĮăÐĮďåďķī}īķÐăķÐɮĨďðĊĴĮȘ

73JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Contract Liabilities

ZķīÆďĊĴīÆĴăðÅðăðĴðÐĮĨīðĉīðăřÆďĊĮðĮĴďåĴðÆāÐĴĮăÐĮåďīœìðÆìĴīĊĮĨďīĴĴðďĊìĮĊďĴřÐĴÅÐÐĊĨīďŒðÌÐÌșķĊķĮÐÌÆīÐÌðĴĮŒðăÅăÐĴď

ÆķĮĴďĉÐīĮșĊÌďķĴĮĴĊÌðĊæăďřăĴřĨďðĊĴĮŒðăÅăÐåďīīÐÌÐĉĨĴðďĊȧðĊĉðăăðďĊĮȨȚ

December 31, 2022 December 31, 2021

ðīĴīŨÆăðÅðăðĴřȭĨĮĮÐĊæÐīĴīŒÐă $ ǠșǡǨǠ $ ǠșǢǡǢ

ðīĴīŨÆăðÅðăðĴřȭăďřăĴřĨīďæīĉȧðīĴīĊĮĨďīĴĴðďĊȨ Ǡșǟǟǟ ǧǨǠ

Deferred revenue

ȧǠȨ

ǤǢǟ ǥǠǢ

TOTAL $ ǡșǧǡǠ $ ǡșǧǡǦ

(1) Deferred revenue is included within other accrued liabilities and other liabilities on our consolidated balance sheets.

#ķīðĊæĴìÐ řÐīĮÐĊÌÐÌ #ÐÆÐĉÅÐīǢǠș ǡǟǡǡ ĊÌǡǟǡǠș œÐ

īÐÆďæĊðšÐÌĨĮĮÐĊæÐīīÐŒÐĊķÐďåɄǠȘǡÅðăăðďĊĊÌɄǤǧǨĉðăăðďĊ

īÐĮĨÐÆĴðŒÐăřșĴìĴœĮðĊÆăķÌÐÌðĊĨĮĮÐĊæÐīĴīŒÐăăðÅðăðĴřĴĴìÐ

ÅÐæðĊĊðĊæďåĴìÐīÐĮĨÐÆĴðŒÐĨÐīðďÌĮȘ

}ìÐďĉĨĊřÐăÐÆĴÐÌĴìÐĨīÆĴðÆăÐŘĨÐÌðÐĊĴĴìĴăăďœĮÐĊĴðĴðÐĮ

to not disclose the amount of the remaining transaction price

ĊÌðĴĮÐŘĨÐÆĴÐÌĴðĉðĊæďåīÐÆďæĊðĴðďĊåďīĨĮĮÐĊæÐīĴðÆāÐĴĮðå

the contract has an original expected duration of one year or

ăÐĮĮďīðåÆÐīĴðĊďĴìÐīÆďĊÌðĴðďĊĮīÐĉÐĴȘÐÐăÐÆĴÐÌĴďĨĨăř

this practical expedient to our contract liabilities relating to

ĨĮĮÐĊæÐīĴīŒÐăĊÌĊÆðăăīřĮÐīŒðÆÐĮĮďķīĴðÆāÐĴĮďīĊř

related passenger credits expire generally one year from the

ÌĴÐďåðĮĮķĊÆÐȘ

}īķÐăķÐɮĨďðĊĴĮīÐÆďĉÅðĊÐÌðĊďĊÐìďĉďæÐĊÐďķĮĨďďăĊÌīÐ

ĊďĴĮÐĨīĴÐăřðÌÐĊĴðťÅăÐȘĮĮķÆìșĴìÐīÐŒÐĊķÐðĮÆďĉĨīðĮÐÌďå

ĴìÐĨďðĊĴĮĴìĴœÐīÐĨīĴďåĴìÐðīĴīŨÆăðÅðăðĴřÅăĊÆÐĴĴìÐ

beginning of the period as well as points that were issued during

ĴìÐĨÐīðďÌȘ

}ìÐĴÅăÐÅÐăďœĨīÐĮÐĊĴĮĴìÐÆĴðŒðĴðÐĮďåĴìÐÆķīīÐĊĴĊÌĊďĊȭÆķīīÐĊĴðīĴīŨÆăðÅðăðĴřåďīďķīăďřăĴřĨīďæīĉșĊÌðĊÆăķÌÐĮĨďðĊĴĮ

ÐīĊÐÌĊÌĮďăÌĴďĨīĴðÆðĨĴðĊæÆďĉĨĊðÐĮåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠȧðĊĉðăăðďĊĮȨȚ

Balance at December 31, 2020 $ 733

}īķÐăķÐɮĨďðĊĴĮīÐÌÐÐĉÐÌ ȧǢǟǤ)

}īķÐăķÐɮĨďðĊĴĮÐīĊÐÌĊÌĮďăÌ ǣǥǢ

Balance at December 31, 2021 ǧǨǠ

}īķÐăķÐɮĨďðĊĴĮīÐÌÐÐĉÐÌ ȧǤǟǧ)

}īķÐăķÐɮĨďðĊĴĮÐīĊÐÌĊÌĮďăÌ ǥǠǦ

BALANCE AT DECEMBER 31, 2022 $ 1,000

}ìÐĴðĉðĊæďåďķī}īķÐăķÐɮĨďðĊĴīÐÌÐĉĨĴðďĊĮÆĊŒīřțìďœÐŒÐīșĴìÐĉþďīðĴřďåďķīĨďðĊĴĮīÐīÐÌÐÐĉÐÌœðĴìðĊĨĨīďŘðĉĴÐăřĴìīÐÐ

řÐīĮďåĴìÐÌĴÐďåðĮĮķĊÆÐȘ

74 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

NOTE 3 Long-term Debt, Short-term Borrowings and Finance Lease

Obligations

OďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮĊÌĴìÐīÐăĴÐÌœÐðæìĴÐÌŒÐīæÐÆďĊĴīÆĴķăðĊĴÐīÐĮĴīĴÐĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌ

ǡǟǡǠÆďĊĮðĮĴÐÌďåĴìÐåďăăďœðĊæȧðĊĉðăăðďĊĮȨȚ

December 31, 2022 December 31, 2021

Secured Debt

9ðŘÐÌīĴÐĮĨÐÆðăĴřÅďĊÌĮșÌķÐĴìīďķæìǡǟǢǥ $ ǣǢ ǣȘǨɦ $ ǣǢ ǣȘǨɦ

Fixed rate enhanced equipment notes:

ǡǟǠǨȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǢǡ ǤǠǟ ǡȘǧɦ ǤǢǧ ǡȘǧɦ

ǡǟǠǨȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǡǧ ǠǤǨ ǢȘǟɦ Ǡǥǧ ǢȘǟɦ

ǡǟǠǨȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǡǦ ǧǢ ǧȘǠɦ Ǩǥ ǧȘǡɦ

ǡǟǡǟȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǢǡ ǤǤǡ ǣȘǠɦ ǤǨǣ ǣȘǠɦ

ǡǟǡǟȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǡǧ ǠǢǥ ǦȘǧɦ ǠǤǤ ǦȘǧɦ

9ðŘÐÌīĴÐÐĊìĊÆÐÌÐĪķðĨĉÐĊĴĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǢ ǥǠ ǣȘǣɦ ǧǧ ǣȘǤɦ

9ðŘÐÌīĴÐÐĪķðĨĉÐĊĴĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǧ ǣǣǧ ǣȘǡɦ ǥǡǡ ǣȘǡɦ

9ăďĴðĊæīĴÐÐĪķðĨĉÐĊĴĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǧ Ǥǥ ǥȘǨɦ ǠǟǢ ǡȘǦɦ

ǡǟǡǟðīÆīåĴĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮșÌķÐĴìīďķæìǡǟǡǣ ǢǣǠ ǦȘǢɦ ǢǣǦ ǦȘǣɦ

9ðĊĊÆÐOÐĮÐĮ ǡ ǥȘǠɦ Ǣ ǥȘǠɦ

Unsecured Debt

ĊĮÐÆķīÐÌt'wÆĴqřīďăăwķĨĨďīĴqīďæīĉăďĊșÌķÐĴìīďķæìǡǟǢǟ ǡǤǨ ǡȘǟɦ ǡǤǨ ǡȘǟɦ

ĊĮÐÆķīÐÌďĊĮďăðÌĴÐÌĨĨīďĨīðĴðďĊĮÆĴqřīďăăwķĨĨďīĴqīďæīĉ

'ŘĴÐĊĮðďĊăďĊșÌķÐĴìīďķæìǡǟǢǠ Ǡǣǣ ǡȘǟɦ Ǡǣǣ ǡȘǟɦ

ĊĮÐÆķīÐÌĉÐīðÆĊtÐĮÆķÐqăĊÆĴďåǡǟǡǠqřīďăăwķĨĨďīĴăďĊșÌķÐ

ĴìīďķæìǡǟǢǠ ǠǢǡ ǡȘǟɦ ǠǢǡ ǡȘǟɦ

ǟȘǤǟɦÆďĊŒÐīĴðÅăÐĮÐĊðďīĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǥ ǦǤǟ ǟȘǤɦ ǦǤǟ ǟȘǤɦ

TOTAL DEBT AND FINANCE LEASE OBLIGATIONS $ 3,676 $ 4,042

OÐĮĮȚ#ÐÅĴÆĪķðĮðĴðďĊÆďĮĴ ȧǡǨȨ ȧǢǥȨ

OÐĮĮȚķīīÐĊĴĉĴķīðĴðÐĮ ȧǤǤǣȨ ȧǢǤǤȨ

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS $ 3,093 $ 3,651

Fixed Rate Specialty Bonds

AĊUďŒÐĉÅÐīǡǟǟǤșĴìÐ:īÐĴÐīZīăĊÌďŒðĴðďĊķĴìďīðĴřș

ďī:ZșðĮĮķÐÌĮĨÐÆðăĨķīĨďĮÐðīĨďīĴåÆðăðĴðÐĮīÐŒÐĊķÐ

bonds to JetBlue as reimbursement for certain airport facility

ÆďĊĮĴīķÆĴðďĊĊÌďĴìÐīÆďĮĴĮȘ AĊĨīðăǡǟǠǢș :Z ðĮĮķÐÌ

ɄǣǡɁĉðăăðďĊðĊĮĨÐÆðăĨķīĨďĮÐðīĨďīĴåÆðăðĴřīÐŒÐĊķÐÅďĊÌĮ

ĴďīÐåķĊÌĴìÐÅďĊÌĮðĮĮķÐÌðĊǡǟǟǤȘ}ìÐĨīďÆÐÐÌĮåīďĉĴìÐ

refunded bonds were loaned to us and we recorded the issuance

ďåɄǣǢĉðăăðďĊșĊÐĴďåɄǠĉðăăðďĊĨīÐĉðķĉșĮăďĊæȭĴÐīĉÌÐÅĴďĊ

ďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮȘ

Fixed Rate Enhanced Equipment Notes

2019-1 EQUIPMENT NOTES

AĊUďŒÐĉÅÐīǡǟǠǨșœÐÆďĉĨăÐĴÐÌĨķÅăðÆĨăÆÐĉÐĊĴďåÐĪķðĨĉÐĊĴ

ĊďĴÐĮðĊĊææīÐæĴÐĨīðĊÆðĨăĉďķĊĴďåɄǦǦǡĉðăăðďĊĮÐÆķīÐÌ

ÅřǡǤðīÅķĮǢǡǠðīÆīåĴȘ}ìÐÐĪķðĨĉÐĊĴĊďĴÐĮœÐīÐðĮĮķÐÌðĊ

ĴœďĮÐīðÐĮȚȧðȨwÐīðÐĮșÅÐīðĊæðĊĴÐīÐĮĴĴĴìÐīĴÐďåǡȘǦǤɦĨÐī

ĊĊķĉðĊĴìÐææīÐæĴÐĨīðĊÆðĨăĉďķĊĴÐĪķăĴďɄǤǧǨĉðăăðďĊș

ĊÌȧððȨwÐīðÐĮșÅÐīðĊæðĊĴÐīÐĮĴĴĴìÐīĴÐďåǡȘǨǤɦĨÐīĊĊķĉ

ðĊĴìÐææīÐæĴÐĨīðĊÆðĨăĉďķĊĴÐĪķăĴďɄǠǧǢĉðăăðďĊȘqīðĊÆðĨă

ĊÌðĊĴÐīÐĮĴīÐĨřÅăÐĮÐĉðȭĊĊķăăřȘ

75JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

AĊķæķĮĴǡǟǡǟșœÐÆďĉĨăÐĴÐÌĨķÅăðÆĨăÆÐĉÐĊĴďåÐĪķðĨĉÐĊĴ

ĊďĴÐĮðĊĊææīÐæĴÐĨīðĊÆðĨăĉďķĊĴďåɄǠǠǤĉðăăðďĊÅÐīðĊæ

ðĊĴÐīÐĮĴĴīĴÐďåǧȘǟǟɦĨÐīĊĊķĉȘ}ìÐĮÐÐĪķðĨĉÐĊĴĊďĴÐĮ

īÐĮÐÆķīÐÌÅřǡǤðīÅķĮǢǡǠðīÆīåĴșœìðÆìœÐīÐðĊÆăķÌÐÌðĊ

ĴìÐÆďăăĴÐīăĨďďăďåďķīǡǟǠǨȭǠwÐīðÐĮĊÌwÐīðÐĮďååÐīðĊæĮ

ÆďĉĨăÐĴÐÌðĊUďŒÐĉÅÐīǡǟǠǨȘqīðĊÆðĨăĊÌðĊĴÐīÐĮĴīÐĨřÅăÐ

ĮÐĉðȭĊĊķăăřȘ

2020-1 EQUIPMENT NOTES

AĊķæķĮĴǡǟǡǟșœÐÆďĉĨăÐĴÐÌĨķÅăðÆĨăÆÐĉÐĊĴďåÐĪķðĨĉÐĊĴ

ĊďĴÐĮðĊĊææīÐæĴÐĨīðĊÆðĨăĉďķĊĴďåɄǧǟǧĉðăăðďĊĮÐÆķīÐÌ

ÅřǡǣðīÅķĮǢǡǠðīÆīåĴȘ}ìÐÐĪķðĨĉÐĊĴĊďĴÐĮœÐīÐðĮĮķÐÌðĊ

ĴœďĮÐīðÐĮȚȧðȨwÐīðÐĮșÅÐīðĊæðĊĴÐīÐĮĴĴĴìÐīĴÐďåǣȘǟǟɦĨÐī

ĊĊķĉðĊĴìÐææīÐæĴÐĨīðĊÆðĨăĉďķĊĴÐĪķăĴďɄǥǢǥĉðăăðďĊș

ĊÌȧððȨwÐīðÐĮșÅÐīðĊæðĊĴÐīÐĮĴĴĴìÐīĴÐďåǦȘǦǤɦĨÐīĊĊķĉ

ðĊĴìÐææīÐæĴÐĨīðĊÆðĨăĉďķĊĴÐĪķăĴďɄǠǦǡĉðăăðďĊȘqīðĊÆðĨă

ĊÌðĊĴÐīÐĮĴīÐĨřÅăÐĮÐĉðȭĊĊķăăřȘ

Fixed Rate Enhanced Equipment Notes, Due

Through 2023

AĊTīÆìǡǟǠǣșœÐÆďĉĨăÐĴÐÌĨīðŒĴÐĨăÆÐĉÐĊĴďåɄǡǡǥĉðăăðďĊ

ðĊĨĮĮȭĴìīďķæìÆÐīĴðťÆĴÐĮșwÐīðÐĮǡǟǠǢȭǠȘ}ìÐÆÐīĴðťÆĴÐĮœÐīÐ

ðĮĮķÐÌÅřĨĮĮȭĴìīďķæìĴīķĮĴĊÌīÐĊďĴďÅăðæĴðďĊĮďåLÐĴăķÐȘ

}ìÐĨīďÆÐÐÌĮåīďĉĴìÐðĮĮķĊÆÐďåĴìÐĨĮĮȭĴìīďķæìÆÐīĴðťÆĴÐĮ

were used to purchase equipment notes issued by JetBlue and

ĮÐÆķīÐÌÅřǠǣďåďķīðīÆīåĴȘqīðĊÆðĨăĊÌðĊĴÐīÐĮĴīÐĨřÅăÐ

ĮÐĉðȭĊĊķăăřȘ

Fixed Rate Equipment Notes, Due Through

2028

AĊǡǟǠǨșœÐðĮĮķÐÌɄǡǠǨĉðăăðďĊðĊťŘÐÌīĴÐÐĪķðĨĉÐĊĴĊďĴÐĮÌķÐ

ĴìīďķæìǡǟǡǦșœìðÆìīÐĮÐÆķīÐÌÅřǠǟðīÅķĮǢǡǟðīÆīåĴĊÌ

ĴœďðīÅķĮǢǡǠðīÆīåĴȘAĊǡǟǠǧșœÐðĮĮķÐÌɄǤǥǦĉðăăðďĊðĊťŘÐÌ

īĴÐÐĪķðĨĉÐĊĴĊďĴÐĮÌķÐĴìīďķæìǡǟǡǧșœìðÆìīÐĮÐÆķīÐÌÅřǠǣ

ðīÅķĮǢǡǟðīÆīåĴĊÌǠǟðīÅķĮǢǡǠðīÆīåĴȘ#ķīðĊæĴìÐåďķīĴì

ĪķīĴÐīďåǡǟǡǡșœÐĨīÐĨðÌĨĨīďŘðĉĴÐăřɄǠǠĉðăăðďĊďåÌÐÅĴ

ďĊťŘÐÌīĴÐÐĪķðĨĉÐĊĴĊďĴÐĮșĴìķĮťŒÐ'ǠǨǟðīÆīåĴÅÐÆĉÐ

ķĊÐĊÆķĉÅÐīÐÌȘ

Floating Rate Equipment Notes, Due Through

2028

AĊǡǟǠǧșœÐðĮĮķÐÌɄǠǡǟĉðăăðďĊðĊŦďĴðĊæīĴÐÐĪķðĨĉÐĊĴĊďĴÐĮ

ÌķÐĴìīďķæìǡǟǡǧșœìðÆìīÐĮÐÆķīÐÌÅřĮðŘðīÅķĮǢǡǟðīÆīåĴ

ĊÌďĊÐðīÅķĮǢǡǠðīÆīåĴȘ

AĊĴÐīÐĮĴīĴÐĮÌþķĮĴĪķīĴÐīăřďīĮÐĉðȭĊĊķăăřÅĮÐÌďĊOAZtș

ĨăķĮĉīæðĊȘřĴìÐÐĊÌďåLķĊÐǡǟǡǢșăăŦďĴðĊæīĴÐĊďĴÐĮĴìĴ

īÐååÐÆĴÐÌÅřOAZtœðăăìŒÐĴďĴīĊĮðĴðďĊĴďOAZtăĴÐīĊĴðŒÐȘ

Federal Payroll Support Programs

ĮīÐĮķăĴďåĴìÐÌŒÐīĮÐÐÆďĊďĉðÆðĉĨÆĴďåZA#ȭǠǨșðĊǡǟǡǟ

ĊÌǡǟǡǠœÐīÐÆÐðŒÐÌĮĮðĮĴĊÆÐķĊÌÐīŒīðďķĮĨřīďăăĮķĨĨďīĴ

ĨīďæīĉĮĨīďŒðÌÐÌÅřĴìÐåÐÌÐīăæďŒÐīĊĉÐĊĴȘ

CARES ACT – PAYROLL SUPPORT PROGRAM

ZĊTīÆìǡǦșǡǟǡǟșďĊæīÐĮĮĨĮĮÐÌĴìÐďīďĊŒðīķĮðÌștÐăðÐåș

ĊÌ'ÆďĊďĉðÆwÐÆķīðĴřÆĴȧĴìÐȵt'wÆĴȶȨȘĊÌÐīĴìÐt'w

ÆĴșĮĮðĮĴĊÆÐœĮĉÌÐŒðăÅăÐĴďĴìÐŒðĴðďĊðĊÌķĮĴīřðĊĴìÐ

åďīĉďåÌðīÐÆĴĨřīďăăĮķĨĨďīĴȧĴìÐȵqřīďăăwķĨĨďīĴqīďæīĉȶȨĊÌ

ĮÐÆķīÐÌăďĊĮȧĴìÐȵOďĊqīďæīĉȶȨȘ

ZĊĨīðăǡǢșǡǟǡǟșœÐÐĊĴÐīÐÌðĊĴďqřīďăăwķĨĨďīĴqīďæīĉ

æīÐÐĉÐĊĴȧĴìÐȵqwqæīÐÐĉÐĊĴȶȨķĊÌÐīĴìÐt'wÆĴœðĴìĴìÐ

ĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȧȵ}īÐĮķīřȶȨæďŒÐīĊðĊæ

ďķīĨīĴðÆðĨĴðďĊðĊĴìÐqřīďăăwķĨĨďīĴqīďæīĉȘĊÌÐīĴìÐ

qřīďăăwķĨĨďīĴqīďæīĉș}īÐĮķīřĨīďŒðÌÐÌķĮœðĴìĴďĴăďå

ĨĨīďŘðĉĴÐăřɄǨǥǢĉðăăðďĊȧĴìÐȵqřīďăăwķĨĨďīĴqřĉÐĊĴĮȶȨ

ÆďĊĮðĮĴðĊæďåɄǦǟǣĉðăăðďĊðĊæīĊĴĮĊÌɄǡǤǨĉðăăðďĊðĊķĊĮÐÆķīÐÌ

ĴÐīĉăďĊĮȘ}ìÐăďĊĮìŒÐǠǟȭřÐīĴÐīĉĊÌÅÐīðĊĴÐīÐĮĴďĊĴìÐ

ĨīðĊÆðĨăĉďķĊĴďķĴĮĴĊÌðĊæĴĊĊĊķăīĴÐďåǠȘǟǟɦķĊĴðăĨīðă

ǡǢșǡǟǡǤșĊÌĴìÐĨĨăðÆÅăÐwÐÆķīÐÌZŒÐīĊðæìĴ9ðĊĊÆðĊætĴÐ

ȧȵwZ9tȶȨĨăķĮǡȘǟǟɦĴìÐīÐåĴÐīķĊĴðăĨīðăǡǢșǡǟǢǟȘ}ìÐĨīðĊÆðĨă

ĉďķĊĴĉřÅÐīÐĨðÌĴĊřĴðĉÐĨīðďīĴďĉĴķīðĴřĴĨīȘĮ

ĨīĴďåĴìÐæīÐÐĉÐĊĴșLÐĴăķÐðĮĮķÐÌĴď}īÐĮķīřœīīĊĴĮĴď

ÆĪķðīÐĉďīÐĴìĊǡȘǦĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāķĊÌÐī

ĴìÐĨīďæīĉĴĊÐŘÐīÆðĮÐĨīðÆÐďåɄǨȘǤǟĨÐīĮìīÐȘ

CONSOLIDATED APPROPRIATIONS ACT – PAYROLL SUPPORT

PROGRAM 2

ZĊLĊķīřǠǤșǡǟǡǠșœÐÐĊĴÐīÐÌðĊĴďqřīďăăwķĨĨďīĴqīďæīĉ

'ŘĴÐĊĮðďĊæīÐÐĉÐĊĴȧĴìÐȵqwq'ŘĴÐĊĮðďĊæīÐÐĉÐĊĴȶȨœðĴì

}īÐĮķīřæďŒÐīĊðĊæďķīĨīĴðÆðĨĴðďĊðĊĴìÐåÐÌÐīăqřīďăăwķĨĨďīĴ

qīďæīĉåďīĨĮĮÐĊæÐīðīÆīīðÐīĮķĊÌÐīĴìÐĊðĴÐÌwĴĴÐĮ

ďĊĮďăðÌĴÐÌĨĨīďĨīðĴðďĊĮÆĴșǡǟǡǠȧĴìÐȵqřīďăăwķĨĨďīĴ

qīďæīĉǡȶȨȘ}īÐĮķīřĨīďŒðÌÐÌķĮœðĴìĴďĴăďåĨĨīďŘðĉĴÐăř

ɄǤǧǟĉðăăðďĊȧĴìÐȵqřīďăăwķĨĨďīĴǡqřĉÐĊĴĮȶȨķĊÌÐīĴìÐĨīďæīĉș

ÆďĊĮðĮĴðĊæďåɄǣǢǥĉðăăðďĊðĊæīĊĴĮĊÌɄǠǣǣĉðăăðďĊðĊķĊĮÐÆķīÐÌ

ĴÐīĉăďĊĮșœðĴìåķĊÌðĊæīÐÆÐðŒÐÌďĊLĊķīřǠǤșǡǟǡǠșTīÆìǤș

ǡǟǡǠĊÌĨīðăǡǨșǡǟǡǠȘ}ìÐăďĊĮìŒÐǠǟȭřÐīĴÐīĉĊÌÅÐī

interest on the principal amount outstanding at an annual rate

ďåǠȘǟǟɦķĊĴðăLĊķīřǠǤșǡǟǡǥșĊÌĴìÐĨĨăðÆÅăÐwZ9tĨăķĮ

ǡȘǟǟɦĴìÐīÐåĴÐīķĊĴðăLĊķīřǠǤșǡǟǢǠȘAĊÆďĊĮðÌÐīĴðďĊåďīĴìÐ

qřīďăăwķĨĨďīĴǡqřĉÐĊĴĮșœÐðĮĮķÐÌœīīĊĴĮĴďĨķīÆìĮÐ

ĨĨīďŘðĉĴÐăřǠȘǟĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāĴď}īÐĮķīř

ĴĊÐŘÐīÆðĮÐĨīðÆÐďåɄǠǣȘǣǢĨÐīĮìīÐȘ

AMERICAN RESCUE PLAN ACT – PAYROLL SUPPORT

PROGRAM 3

ZĊTřǥșǡǟǡǠșœÐÐĊĴÐīÐÌðĊĴďqřīďăăwķĨĨďīĴǢæīÐÐĉÐĊĴ

ȧĴìÐȵqwqǢæīÐÐĉÐĊĴȶȨœðĴì}īÐĮķīřæďŒÐīĊðĊæďķīĨīĴðÆðĨĴðďĊ

in the federal payroll support program for passenger air carriers

ķĊÌÐīwÐÆĴðďĊǦǢǟǠďåĴìÐĉÐīðÆĊtÐĮÆķÐqăĊÆĴďåǡǟǡǠȧĴìÐ

ȵqřīďăăwķĨĨďīĴqīďæīĉǢȶȨȘ}īÐĮķīřĨīďŒðÌÐÌķĮœðĴìĴďĴă

ďåĨĨīďŘðĉĴÐăřɄǤǣǠĉðăăðďĊȧĴìÐȵqřīďăăwķĨĨďīĴǢqřĉÐĊĴĮȶȨ

ķĊÌÐīĴìÐĨīďæīĉșÆďĊĮðĮĴðĊæďåɄǣǟǨĉðăăðďĊðĊæīĊĴĮĊÌ

ɄǠǢǡɁĉðăăðďĊðĊķĊĮÐÆķīÐÌĴÐīĉăďĊĮȘ}ìÐăďĊĮìŒÐǠǟȭřÐī

term and bear interest on the principal amount outstanding at an

ĊĊķăīĴÐďåǠȘǟǟɦķĊĴðăTřǥșǡǟǡǥșĊÌĴìÐĨĨăðÆÅăÐwZ9t

ĨăķĮǡȘǟǟɦĴìÐīÐåĴÐīķĊĴðăTřǥșǡǟǢǠȘAĊÆďĊĮðÌÐīĴðďĊåďīĴìÐ

qřīďăăwķĨĨďīĴǢqřĉÐĊĴĮșœÐðĮĮķÐÌœīīĊĴĮĴďĨķīÆìĮÐ

ĨĨīďŘðĉĴÐăřǟȘǦĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāĴď}īÐĮķīř

ĴĊÐŘÐīÆðĮÐĨīðÆÐďåɄǠǨȘǨǟĨÐīĮìīÐȘ

76 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

}ìÐœīīĊĴĮĮĮďÆðĴÐÌœðĴì ÐÆìďåĴìÐ Ĩřīďăă ĮķĨĨďīĴ

ĨīďæīĉĮÌÐĮÆīðÅÐÌÅďŒÐœðăăÐŘĨðīÐǤřÐīĮåĴÐīðĮĮķĊÆÐĊÌ

will be exercisable either through net cash settlement or net share

ĮÐĴĴăÐĉÐĊĴșĴďķīďĨĴðďĊșðĊœìďăÐďīðĊĨīĴĴĊřĴðĉÐȘ

}ìÐÆīīřðĊæŒăķÐĮīÐăĴðĊæĴďĴìÐĨřīďăăĮķĨĨďīĴæīĊĴĮœÐīÐ

īÐÆďīÌÐÌœðĴìðĊďĴìÐīÆÆīķÐÌăðÅðăðĴðÐĮĊÌœÐīÐīÐÆďæĊðšÐÌ

as a contra-expense within special items on our consolidated

ĮĴĴÐĉÐĊĴĮďåďĨÐīĴðďĊĮĮĴìÐåķĊÌĮœÐīÐķĴðăðšÐÌȘ}ìÐīÐăĴðŒÐ

fair value of the warrants were recorded within additional paid-in

ÆĨðĴăĊÌīÐÌķÆÐÌĴìÐĴďĴăÆīīřðĊæŒăķÐďåĴìÐæīĊĴĮȘqīďÆÐÐÌĮ

from the payroll support grants and from the issuance of payroll

ĮķĨĨďīĴœīīĊĴĮœÐīÐÆăĮĮðťÐÌœðĴìðĊďĨÐīĴðĊæÆĴðŒðĴðÐĮĊÌ

ťĊĊÆðĊæÆĴðŒðĴðÐĮșīÐĮĨÐÆĴðŒÐăřșďĊďķīÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴĮ

ďåÆĮìŦďœĮȘZķīåķĊÌðĊæåīďĉăăĨřīďăăĮķĨĨďīĴæīĊĴĮœÐīÐ

åķăăřķĴðăðšÐÌĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘ

}ìÐÆīīřðĊæŒăķÐĮīÐăĴðĊæĴďĴìÐķĊĮÐÆķīÐÌĨřīďăăĮķĨĨďīĴ

ăďĊĮœÐīÐīÐÆďīÌÐÌœðĴìðĊăďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐ

ďÅăðæĴðďĊĮďĊďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮȘ}ìÐĨīďÆÐÐÌĮ

from the loans were classified as financing activities on our

ÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴďåÆĮìŦďœĮȘ

2020 Aircraft Sale-Leaseback Transactions

AĊǡǟǡǟșœÐÐŘÐÆķĴÐÌɄǤǥǢĉðăăðďĊďåðīÆīåĴĮăÐȭăÐĮÐÅÆā

ĴīĊĮÆĴðďĊĮȘZåĴìÐĮÐĴīĊĮÆĴðďĊĮșɄǢǤǣĉðăăðďĊÌðÌĊďĴ

ĪķăðåřĮĮăÐĮåďīÆÆďķĊĴðĊæĨķīĨďĮÐȘ}ìÐĮĮÐĴĮĮĮďÆðĴÐÌ

with these transactions remain on our consolidated balance

sheets within property and equipment and the related

liabilities under the lease are classified within debt and

åðĊĊÆÐăÐĮÐĮďÅăðæĴðďĊĮȘ}ìÐĮÐĴīĊĮÆĴðďĊĮīÐĴīÐĴÐÌĮ

cash from financing activities on our consolidated statements

ďåÆĮìåăďœĮȘ}ìÐīÐĉðĊðĊæɄǡǟǨĉðăăðďĊďåĮăÐȭăÐĮÐÅÆā

transactions qualified as sales and generated a loss of

ɄǠǟǥɁĉðăăðďĊȘ}ìÐĮĮÐĴĮĮĮďÆðĴÐÌœðĴìĴìÐĮÐĴīĊĮÆĴðďĊĮ

which qualified as sales are recorded within operating lease

ĮĮÐĴĮȘ}ìÐăðÅðăðĴðÐĮīÐīÐÆďīÌÐÌœðĴìðĊÆķīīÐĊĴďĨÐīĴðĊæ

lease liabilities and long-term operating lease liabilities on

ďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮȘ}ìÐĮÐĴīĊĮÆĴðďĊĮīÐ

treated as cash from investing activities on our consolidated

ĮĴĴÐĉÐĊĴĮďåÆĮìåăďœĮȘ

ÐÌðÌĊďĴÐŘÐÆķĴÐĊřðīÆīåĴĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮ

ðĊǡǟǡǠďīǡǟǡǡȘ

Finance Leases

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșŒīðďķĮÆďĉĨķĴÐīÐĪķðĨĉÐĊĴķĊÌÐī

finance leases were included in property and equipment at a

ÆďĮĴďåɄǢĉðăăðďĊœðĴìÆÆķĉķăĴÐÌĉďīĴðšĴðďĊďåɄǠĉðăăðďĊȘ

}ìÐåķĴķīÐĉðĊðĉķĉăÐĮÐĨřĉÐĊĴĮķĊÌÐīĴìÐĮÐĊďĊȭÆĊÆÐăÅăÐ

ăÐĮÐĮīÐɄǡĉðăăðďĊðĊǡǟǡǢșĊÌĊďĨřĉÐĊĴĮðĊĴìÐřÐīĮ

ĴìÐīÐåĴÐīȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǠșŒīðďķĮÆďĉĨķĴÐīÐĪķðĨĉÐĊĴķĊÌÐī

finance leases were included in property and equipment at a

ÆďĮĴďåɄǣĉðăăðďĊœðĴìÆÆķĉķăĴÐÌĉďīĴðšĴðďĊďåɄǠĉðăăðďĊȘ

}ìÐåķĴķīÐĉðĊðĉķĉăÐĮÐĨřĉÐĊĴĮķĊÌÐīĴìÐĮÐĊďĊȭÆĊÆÐăÅăÐ

ăÐĮÐĮīÐɄǠĉðăăðďĊðĊǡǟǡǡșɄǡĉðăăðďĊðĊǡǟǡǢșĊÌĊďĨřĉÐĊĴĮ

ðĊĴìÐřÐīĮĴìÐīÐåĴÐīȘ

0.50% Convertible Senior Notes, Due

Through 2026

AĊTīÆìǡǟǡǠșœÐÆďĉĨăÐĴÐÌĨīðŒĴÐďååÐīðĊæåďīɄǦǤǟĉðăăðďĊďå

ǟȘǤǟɦÆďĊŒÐīĴðÅăÐĊďĴÐĮÌķÐǡǟǡǥȘ}ìÐĊďĴÐĮīÐæÐĊÐīăĮÐĊðďī

ķĊĮÐÆķīÐÌďÅăðæĴðďĊĮĊÌœðăăīĊāÐĪķăðĊīðæìĴďåĨřĉÐĊĴœðĴì

all of our existing and future senior unsecured indebtedness and

senior in right of payment to our existing and future subordinated

ÌÐÅĴȘ}ìÐĊďĴÐĮœðăăÐååÐÆĴðŒÐăřīĊāþķĊðďīðĊīðæìĴďåĨřĉÐĊĴĴď

any of our existing and future secured indebtedness to the extent

of the value of the assets securing such indebtedness and are

structurally subordinated to all of our indebtedness and other

ăðÅðăðĴðÐĮȘ}ìÐĊÐĴĨīďÆÐÐÌĮåīďĉĴìðĮďååÐīðĊæœÐīÐĨĨīďŘðĉĴÐăř

ɄǦǢǣĉðăăðďĊȘ

>ďăÌÐīĮďåĴìÐĊďĴÐĮĉřÆďĊŒÐīĴĴìÐĉðĊĴďĮìīÐĮďåďķīÆďĉĉďĊ

ĮĴďÆāĨīðďīĴďLĊķīřǠșǡǟǡǥďĊăřķĊÌÐīÆÐīĴðĊÆðīÆķĉĮĴĊÆÐĮ

ȧĮķÆìĮķĨďĊĴìÐĮĴðĮåÆĴðďĊďåĴìÐĮăÐĨīðÆÐÆďĊÌðĴðďĊșĴìÐ

ĮĴðĮåÆĴðďĊďåĴìÐĴīÌðĊæĨīðÆÐÆďĊÌðĴðďĊșĊďĴðÆÐďåīÐÌÐĉĨĴðďĊș

ďīĮĨÐÆðťÐÌÆďīĨďīĴÐÐŒÐĊĴĮȨĊÌĴìÐīÐåĴÐīĴĊřĴðĉÐĴ

īĴÐďåǢǧȘǤǧǟǡĮìīÐĮďåÆďĉĉďĊĮĴďÆāĨÐīɄǠșǟǟǟĨīðĊÆðĨă

ĉďķĊĴďåĊďĴÐĮșœìðÆìÆďīīÐĮĨďĊÌĮĴďĊðĊðĴðăÆďĊŒÐīĮðďĊ

ĨīðÆÐďåĨĨīďŘðĉĴÐăřɄǡǤȘǨǡĨÐīĮìīÐȘ}ìÐÆďĊŒÐīĮðďĊīĴÐðĮ

ĮķÅþÐÆĴĴďÌþķĮĴĉÐĊĴķĨďĊĴìÐďÆÆķīīÐĊÆÐďåÆÐīĴðĊĮĨÐÆðťÐÌ

ÐŒÐĊĴĮșðĊÆăķÌðĊæșÅķĴĊďĴăðĉðĴÐÌĴďșĴìÐðĮĮķĊÆÐďåÆÐīĴðĊĮĴďÆā

ÌðŒðÌÐĊÌĮďĊÆďĉĉďĊĮĴďÆāșĴìÐðĮĮķĊÆÐďåÆÐīĴðĊīðæìĴĮďī

œīīĊĴĮșĮķÅÌðŒðĮðďĊĮșÆďĉÅðĊĴðďĊĮșÌðĮĴīðÅķĴðďĊĮďåÆĨðĴă

ĮĴďÆāșðĊÌÐÅĴÐÌĊÐĮĮďīĮĮÐĴĮșÆĮìÌðŒðÌÐĊÌĮșĊÌÆÐīĴðĊðĮĮķÐī

ĴÐĊÌÐīďīÐŘÆìĊæÐďååÐīĮȘ

ĨďĊÆďĊŒÐīĮðďĊșĴìÐĊďĴÐĮœðăăÅÐĮÐĴĴăÐÌðĊÆĮìķĨĴďĴìÐ

aggregate principal amount of the notes to be converted

ĊÌșĴďķīÐăÐÆĴðďĊșðĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāșÆĮìďī

ÆďĉÅðĊĴðďĊďåÆĮìĊÌĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāðĊīÐĮĨÐÆĴ

ďåĴìÐīÐĉðĊÌÐīșðåĊřșďåďķīÆďĊŒÐīĮðďĊďÅăðæĴðďĊȘ

ÐīÐĊďĴīÐĪķðīÐÌĴďīÐÌÐÐĉďīīÐĴðīÐĴìÐĊďĴÐĮĨÐīðďÌðÆăăřȘ

ÐĉřșĴďķīďĨĴðďĊșīÐÌÐÐĉĊřďåĴìÐĊďĴÐĮåďīÆĮìĴ

īÐÌÐĉĨĴðďĊĨīðÆÐďåǠǟǟɦďåĴìÐðīĨīðĊÆðĨăĉďķĊĴșĨăķĮÆÆīķÐÌ

ĊÌķĊĨðÌðĊĴÐīÐĮĴĴĊřĴðĉÐďĊďīåĴÐīĨīðăǠșǡǟǡǣðåĴìÐ

ăĮĴīÐĨďīĴÐÌĮăÐĨīðÆÐďåďķīÆďĉĉďĊĮĴďÆāìĮÅÐÐĊĴăÐĮĴ

ǠǢǟɦďåĴìÐÆďĊŒÐīĮðďĊĨīðÆÐĴìÐĊðĊÐååÐÆĴåďīĴăÐĮĴǡǟĴīÌðĊæ

ÌřĮȧœìÐĴìÐīďīĊďĴÆďĊĮÐÆķĴðŒÐȨșðĊÆăķÌðĊæĴìÐĴīÌðĊæÌř

immediately preceding the date on which we provide notice of

īÐÌÐĉĨĴðďĊșÌķīðĊæĊřǢǟÆďĊĮÐÆķĴðŒÐĴīÌðĊæÌřĨÐīðďÌÐĊÌðĊæ

ďĊșĊÌðĊÆăķÌðĊæșĴìÐĴīÌðĊæÌřðĉĉÐÌðĴÐăřĨīÐÆÐÌðĊæĴìÐÌĴÐ

ďĊœìðÆìœÐĨīďŒðÌÐĊďĴðÆÐďåīÐÌÐĉĨĴðďĊĴďĴìÐìďăÌÐīĮȘ

ĮÌðĮÆķĮĮÐÌðĊUďĴÐǠĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮș

œÐÐīăřÌďĨĴÐÌĴìÐĨīďŒðĮðďĊĮďåwǡǟǡǟȭǟǥȘÆÆďīÌðĊæăřș

we evaluated the conversion feature of this note offering for

ÐĉÅÐÌÌÐÌÌÐīðŒĴðŒÐĮðĊÆÆďīÌĊÆÐœðĴìwǧǠǤș#ÐīðŒĴðŒÐĮĊÌ

>ÐÌæðĊæșĊÌĴìÐĮķÅĮĴĊĴðăĨīÐĉðķĉĉďÌÐăðĊÆÆďīÌĊÆÐœðĴì

wǣǦǟșDebtȘĮÐÌďĊďķīĮĮÐĮĮĉÐĊĴșĮÐĨīĴÐÆÆďķĊĴðĊæ

åďīĴìÐÆďĊŒÐīĮðďĊåÐĴķīÐďåĴìðĮĊďĴÐďååÐīðĊæðĮĊďĴīÐĪķðīÐÌȘ

AĊĴÐīÐĮĴÐŘĨÐĊĮÐīÐÆďæĊðšÐÌðĊǡǟǡǡœĮɄǦĉðăăðďĊșďåœìðÆìșɄǢ

ĉðăăðďĊœĮīÐăĴÐÌĴďĴìÐĉďīĴðšĴðďĊďåÌÐÅĴÆĪķðĮðĴðďĊÆďĮĴĮȘ

AĊĴÐīÐĮĴÐŘĨÐĊĮÐīÐÆďæĊðšÐÌðĊǡǟǡǠœĮɄǥĉðăăðďĊșďåœìðÆìșɄǢ

ĉðăăðďĊœĮīÐăĴÐÌĴďĴìÐĉďīĴðšĴðďĊďåÌÐÅĴðĮĮķĊÆÐÆďĮĴĮȘ

77JETBLUE AIRWAYS CORPORATION |

2022

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Ɂqt}AA|

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General Debt Matters

ÐīÐÆďæĊðšÐÌĊðĉĉĴÐīðăÐŘĨÐĊĮÐīÐĮķăĴðĊæåīďĉÌÐÅĴĨřďååĮ

ðĊǡǟǡǡĊÌɄǤǟĉðăăðďĊÌÐÅĴÐŘĴðĊæķðĮìĉÐĊĴÐŘĨÐĊĮÐðĊǡǟǡǠȘ

}ìÐĮÐÐŘĨÐĊĮÐĮœÐīÐðĊÆăķÌÐÌœðĴìðĊďĴìÐīÐŘĨÐĊĮÐďĊďķī

ÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴĮďåďĨÐīĴðďĊĮȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐÅÐăðÐŒÐœÐœÐīÐðĊÆďĉĨăðĊÆÐœðĴì

ăăďåďķīÆďŒÐĊĊĴĮðĊīÐăĴðďĊĴďďķīÌÐÅĴĊÌăÐĮÐæīÐÐĉÐĊĴĮȘ

TĴķīðĴðÐĮďåďķīÌÐÅĴĊÌťĊĊÆÐăÐĮÐĮșĊÐĴďåÌÐÅĴÆĪķðĮðĴðďĊÆďĮĴĮșåďīĴìÐĊÐŘĴťŒÐřÐīĮīÐĮåďăăďœĮȧðĊĉðăăðďĊĮȨȚ

Maturities

ǡǟǡǢ $ ǤǣǦ

ǡǟǡǣ ǢǢǟ

ǡǟǡǤ ǠǨǡ

ǡǟǡǥ ǨǡǨ

ǡǟǡǦ ǠǦǣ

}ìÐīÐåĴÐī ǠșǣǦǤ

ðīÆīåĴșÐĊæðĊÐĮșðĊĴĊæðÅăÐĮĮÐĴĮĊÌďĴìÐīÐĪķðĨĉÐĊĴĊÌåÆðăðĴðÐĮìŒðĊæĊÐĴÅďďāŒăķÐďåɄǥȘǡÅðăăðďĊĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǡ

œÐīÐĨăÐÌæÐÌďīÆďĉĉðĴĴÐÌĴďÅÐĨăÐÌæÐÌĮĮÐÆķīðĴřķĊÌÐīŒīðďķĮťĊĊÆðĊæīīĊæÐĉÐĊĴĮȘĮìĨřĉÐĊĴĮåďīðĊĴÐīÐĮĴīÐăĴÐÌĴď

ÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮææīÐæĴÐÌĴďɄǠǡǣĉðăăðďĊșɄǠǧǟĉðăăðďĊșĊÌɄǠǢǨĉðăăðďĊðĊǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟșīÐĮĨÐÆĴðŒÐăřȘ

}ìÐÆīīřðĊæĉďķĊĴĮĊÌÐĮĴðĉĴÐÌåðīŒăķÐĮďåďķīăďĊæȭĴÐīĉÌÐÅĴșĊÐĴďåÌÐÅĴÆĪķðĮðĴðďĊÆďĮĴĮșĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠ

were as follows (in millions):

December 31, 2022 December 31, 2021

Carrying Value

Estimated

Fair Value Carrying Value

Estimated

Fair Value

Public Debt

9ðŘÐÌīĴÐĮĨÐÆðăåÆðăðĴřÅďĊÌĮșÌķÐĴìīďķæìǡǟǢǥ $ ǣǡ $ ǣǢ $ ǣǡ $ ǣǤ

Fixed rate enhanced equipment notes:

ǡǟǠǨȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǢǡ Ǥǟǣ ǢǣǤ ǤǢǡ ǣǣǡ

ǡǟǠǨȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǡǧ ǠǤǦ Ǡǡǣ Ǡǥǥ ǠǤǟ

ǡǟǠǨȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǡǦ ǧǡ ǧǦ Ǩǣ ǠǡǠ

ǡǟǡǟȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǢǡ Ǥǣǥ ǣǤǦ ǤǧǦ ǥǢǣ

ǡǟǡǟȭǠwÐīðÐĮșÌķÐĴìīďķæìǡǟǡǧ ǠǢǤ Ǡǣǡ ǠǤǢ ǠǨǨ

Non-Public Debt

9ðŘÐÌīĴÐÐĊìĊÆÐÌÐĪķðĨĉÐĊĴĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǢ ǥǠ ǥǟ ǧǧ ǧǧ

9ðŘÐÌīĴÐÐĪķðĨĉÐĊĴĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǧ ǣǣǦ ǣǡǡ ǥǡǟ Ǧǟǥ

9ăďĴðĊæīĴÐÐĪķðĨĉÐĊĴĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǧ Ǥǥ ǣǨ ǠǟǢ ǨǨ

ĊĮÐÆķīÐÌt'wÆĴqřīďăăwķĨĨďīĴqīďæīĉăďĊșÌķÐĴìīďķæìǡǟǢǟ ǡǤǨ Ǡǡǥ ǡǤǨ ǡǠǨ

ǡǟǡǟĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮșÌķÐĴìīďķæìǡǟǡǣ ǢǣǠ ǢǡǨ ǢǣǦ ǢǦǣ

ĊĮÐÆķīÐÌďĊĮďăðÌĴÐÌĨĨīďĨīðĴðďĊĮÆĴqřīďăăwķĨĨďīĴqīďæīĉ

'ŘĴÐĊĮðďĊăďĊșÌķÐĴìīďķæìǡǟǢǠ Ǡǣǣ ǥǧ Ǡǣǣ ǠǡǠ

ĊĮÐÆķīÐÌĉÐīðÆĊtÐĮÆķÐqăĊÆĴďåǡǟǡǠqřīďăăwķĨĨďīĴăďĊșÌķÐ

ĴìīďķæìǡǟǢǠ ǠǢǡ ǥǡ ǠǢǡ ǠǠǠ

ǟȘǤǟɦÆďĊŒÐīĴðÅăÐĮÐĊðďīĊďĴÐĮșÌķÐĴìīďķæìǡǟǡǥ ǦǢǨ ǤǢǣ ǦǢǥ ǥǦǢ

TOTAL

(1)

$ 3,645 $ ǡșǧǣǧ $ 4,003 $ ǢșǨǧǡ

(1) Total excludes finance lease obligations of $2 million and $3 million at December 31, 2022 and 2021, respectively.

78 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

}ìÐÐĮĴðĉĴÐÌåðīŒăķÐĮďåďķīĨķÅăðÆăřìÐăÌăďĊæȭĴÐīĉÌÐÅĴīÐ

ÆăĮĮðťÐÌĮOÐŒÐăǡðĊĴìÐåðīŒăķÐìðÐīīÆìřȘ}ìÐåðīŒăķÐĮ

of our non-public debt are estimated using a discounted cash

ŦďœĊăřĮðĮÅĮÐÌďĊďķīÅďīīďœðĊæīĴÐĮåďīðĊĮĴīķĉÐĊĴĮœðĴì

ĮðĉðăīĴÐīĉĮĊÌĴìÐīÐåďīÐÆăĮĮðťÐÌĮOÐŒÐăǢðĊĴìÐåðīŒăķÐ

ìðÐīīÆìřȘ}ìÐåðīŒăķÐĮďåďķīďĴìÐīåðĊĊÆðăðĊĮĴīķĉÐĊĴĮ

ĨĨīďŘðĉĴÐĴìÐðīÆīīřðĊæŒăķÐĮȘtÐåÐīĴďUďĴÐǠǢĴďďķī

ÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīĊÐŘĨăĊĴðďĊďåĴìÐåðī

ŒăķÐìðÐīīÆìřĮĴīķÆĴķīÐȘ

ÐìŒÐťĊĊÆÐÌÆÐīĴðĊðīÆīåĴœðĴì'ĊìĊÆÐÌ'ĪķðĨĉÐĊĴ}īķĮĴ

ÐīĴðťÆĴÐĮșďī''}ĮȘZĊÐďåĴìÐÅÐĊÐťĴĮďåĴìðĮĮĴīķÆĴķīÐðĮ

ÅÐðĊæÅăÐĴďťĊĊÆÐĮÐŒÐīăðīÆīåĴĴďĊÐĴðĉÐșīĴìÐīĴìĊ

ðĊÌðŒðÌķăăřȘ}ìÐĮĴīķÆĴķīÐďå''}ťĊĊÆðĊæðĮĴìĴœÐÆīÐĴÐ

ĨĮĮȭĴìīďķæìĴīķĮĴĮðĊďīÌÐīĴďðĮĮķÐĨĮĮȭĴìīďķæìÆÐīĴðťÆĴÐĮȘ

}ìÐĨīďÆÐÐÌĮåīďĉĴìÐðĮĮķĊÆÐďåĴìÐĮÐÆÐīĴðťÆĴÐĮīÐĴìÐĊ

used to purchase equipment notes which are issued by us and

īÐĮÐÆķīÐÌÅřďķīðīÆīåĴȘ}ìÐĮÐĴīķĮĴĮĉÐÐĴĴìÐÌÐťĊðĴðďĊďå

ŒīðÅăÐðĊĴÐīÐĮĴÐĊĴðĴřșďīA'șĮÌÐťĊÐÌðĊĴìÐďĊĮďăðÌĴðďĊĮ

ĴďĨðÆďåĴìÐďÌðťÆĴðďĊșĊÌĉķĮĴÅÐÆďĊĮðÌÐīÐÌåďīÆďĊĮďăðÌĴðďĊ

ðĊďķīåðĊĊÆðăĮĴĴÐĉÐĊĴĮȘZķīĮĮÐĮĮĉÐĊĴďåďķī''}Į

considers both quantitative and qualitative factors including the

purpose for which these trusts were established and the nature

ďåĴìÐīðĮāĮðĊÐÆìȘ}ìÐĉðĊĨķīĨďĮÐďåĴìÐĴīķĮĴĮĴīķÆĴķīÐðĮ

to enhance the credit worthiness of our debt obligation through

ÆÐīĴðĊÅĊāīķĨĴÆřĨīďĴÐÆĴðďĊĨīďŒðĮðďĊĮĊÌăðĪķðÌðĴřåÆðăðĴðÐĮș

ĊÌăĮďĴďăďœÐīďķīĴďĴăÅďīīďœðĊæÆďĮĴȘÐÆďĊÆăķÌÐÌĴìĴ

œÐīÐĊďĴĴìÐĨīðĉīřÅÐĊÐťÆðīřðĊĴìÐĮÐĴīķĮĴĮÅÐÆķĮÐďķī

involvement in them is limited to principal and interest payments

ďĊĴìÐīÐăĴÐÌĊďĴÐĮșĴìÐĴīķĮĴĮœÐīÐĊďĴĮÐĴķĨĴďĨĮĮăďĊæ

ŒīðÅðăðĴřÆīÐĴÐÌÅřÆīÐÌðĴīðĮāĴďķĮĊÌĴìÐăðāÐăðìďďÌďåďķī

ÌÐåķăĴðĊæďĊĴìÐĊďĴÐĮȘ}ìÐīÐåďīÐșœÐìŒÐĊďĴÆďĊĮďăðÌĴÐÌ

ĴìÐĮÐĴīķĮĴĮðĊďķīťĊĊÆðăĮĴĴÐĉÐĊĴĮȘ

Short-term Borrowings

MORGAN STANLEY LINE OF CREDIT

ÐìŒÐīÐŒďăŒðĊæăðĊÐďåÆīÐÌðĴœðĴìTďīæĊwĴĊăÐřåďīķĨĴďĨĨīďŘðĉĴÐăřɄǡǟǟĉðăăðďĊȘ}ìðĮăðĊÐďåÆīÐÌðĴðĮĮÐÆķīÐÌÅřĨďīĴðďĊ

ďåďķīðĊŒÐĮĴĉÐĊĴĮÐÆķīðĴðÐĮìÐăÌÅřTďīæĊwĴĊăÐřĊÌĴìÐĉďķĊĴŒðăÅăÐĴďķĮķĊÌÐīĴìðĮăðĊÐďåÆīÐÌðĴĉřŒīřÆÆďīÌðĊæăřȘ}ìðĮ

ăðĊÐďåÆīÐÌðĴÅÐīĮðĊĴÐīÐĮĴĴŦďĴðĊæīĴÐÅĮÐÌķĨďĊOAZtșĨăķĮĉīæðĊȘĮďåĊÌåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌ

ǡǟǡǠșœÐÌðÌĊďĴìŒÐÅăĊÆÐďķĴĮĴĊÌðĊæďīÅďīīďœðĊæĮķĊÌÐīĴìðĮăðĊÐďåÆīÐÌðĴȘ

CITIBANK LINE OF CREDIT

ZĊZÆĴďÅÐīǡǠșǡǟǡǡșLÐĴăķÐÐĊĴÐīÐÌðĊĴďĴìÐwÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌīÐÌðĴĊÌ:ķīĊĴřæīÐÐĉÐĊĴȧĴìÐȵwÐÆďĊÌĉÐĊÌÐÌ

ĊÌtÐĮĴĴÐÌ9ÆðăðĴřȶȨșĉÐĊÌðĊæĊÌīÐĮĴĴðĊæĴìÐďĉĨĊřȸĮÐŘðĮĴðĊæɄǤǤǟĉðăăðďĊÆīÐÌðĴåÆðăðĴřȘ}ìÐwÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌ

9ÆðăðĴřðĮĉďĊæLÐĴăķÐșðĴðÅĊāUȘȘșĮÌĉðĊðĮĴīĴðŒÐæÐĊĴĊÌĴìÐăÐĊÌÐīĮĨīĴřĴìÐīÐĴďȘ}ìÐwÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌ

9ÆðăðĴřĉďÌðťÐĮĴìÐÐŘðĮĴðĊæÆīÐÌðĴåÆðăðĴřĴďșĉďĊæďĴìÐīĴìðĊæĮșȧðȨðĊÆīÐĮÐĴìÐăÐĊÌðĊæÆďĉĉðĴĉÐĊĴĮÅřɄǤǟĉðăăðďĊșåďīĴďĴăăÐĊÌðĊæ

ÆďĉĉðĴĉÐĊĴĮďåɄǥǟǟĉðăăðďĊșĊÌȧððȨÐĮĴÅăðĮìĴìÐĉĴķīðĴřÌĴÐåďīĴìÐɄǥǟǟĉðăăðďĊðĊăÐĊÌðĊæÆďĉĉðĴĉÐĊĴĮĮZÆĴďÅÐīǡǠșǡǟǡǣȘ

ďīīďœðĊæĮķĊÌÐīĴìÐwÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌ9ÆðăðĴřÅÐīðĊĴÐīÐĮĴĴŒīðÅăÐīĴÐÅĮÐÌďĊĴìÐĮÐÆķīÐÌďŒÐīĊðæìĴťĊĊÆðĊæ

īĴÐșāĊďœĊĮwZ9tșĨăķĮĉīæðĊďåǡȘǟǟɦĨÐīĊĊķĉșďīĊďĴìÐīīĴÐȧĴLÐĴăķÐȸĮÐăÐÆĴðďĊȨÅĮÐÌďĊÆÐīĴðĊĉīāÐĴðĊĴÐīÐĮĴīĴÐĮș

ĨăķĮĉīæðĊďåǠȘǟǟɦĨÐīĊĊķĉșðĊÐÆìÆĮÐœðĴìŦďďīďåǟɦȘ}ìÐwÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌ9ÆðăðĴřðĮĮÐÆķīÐÌÅřĮĨīÐ

ĨīĴĮșðīÆīåĴșĮðĉķăĴďīĮșĊÌÆÐīĴðĊďĴìÐīĮĮÐĴĮĮĨÐīĉðĴĴÐÌĴìÐīÐķĊÌÐīȘ}ìÐwÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌ9ÆðăðĴřðĊÆăķÌÐĮ

ÆďŒÐĊĊĴĮĴìĴīÐĪķðīÐķĮĴďĉðĊĴðĊÆÐīĴðĊĉðĊðĉķĉÅăĊÆÐĮðĊķĊīÐĮĴīðÆĴÐÌÆĮìșÆĮìÐĪķðŒăÐĊĴĮșĊÌķĊķĮÐÌÆďĉĉðĴĉÐĊĴĮ

ŒðăÅăÐķĊÌÐīīÐŒďăŒðĊæÆīÐÌðĴåÆðăðĴðÐĮȘAĊÌÌðĴðďĊșĴìÐÆďŒÐĊĊĴĮīÐĮĴīðÆĴďķīÅðăðĴřĴďșĉďĊæďĴìÐīĴìðĊæĮșÌðĮĨďĮÐďåÆÐīĴðĊ

ÆďăăĴÐīășďīĉÐīæÐșÆďĊĮďăðÌĴÐșďīĮÐăăĮĮÐĴĮȘ

ĮďåĊÌåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠșœÐÌðÌĊďĴìŒÐÅăĊÆÐďķĴĮĴĊÌðĊæďīĊřÅďīīďœðĊæĮķĊÌÐīĴìÐåÆðăðĴřȘ

2022 $3.5 billion Senior Secured Bridge Facility

ZĊ Tř Ǡǥș ǡǟǡǡș œÐșăďĊæ œðĴì ďķīÌðīÐÆĴ œìďăăřȭďœĊÐÌ

ĮķÅĮðÌðīřșwķĊÌďœĊÆĪķðĮðĴðďĊďīĨȘșÆďĉĉÐĊÆÐÌĴÐĊÌÐīďååÐī

ĴďĨķīÆìĮÐăăďåĴìÐďķĴĮĴĊÌðĊæĮìīÐĮďåÆďĉĉďĊĮĴďÆāșĨī

ŒăķÐɄǟȘǟǟǟǠĨÐīĮìīÐșďåwĨðīðĴðīăðĊÐĮșAĊÆȘȧȵwĨðīðĴȶȨĴɄǢǟȘǟǟ

ĨÐīĮìīÐșķĨďĊĴìÐĴÐīĉĮĊÌĮķÅþÐÆĴĴďĴìÐÆďĊÌðĴðďĊĮĮÐĴåďīĴì

ðĊĴìÐZååÐīĴďqķīÆìĮÐĊÌĴìÐīÐăĴÐÌOÐĴĴÐīďå}īĊĮĉðĴĴă

ȧœìðÆìșĴďæÐĴìÐīœðĴìĊřĉÐĊÌĉÐĊĴĮďīĮķĨĨăÐĉÐĊĴĮĴìÐīÐĴďș

ÆďăăÐÆĴðŒÐăřÆďĊĮĴðĴķĴÐĴìÐȵZååÐīȶȨșœìðÆìœÐīÐðĊÆăķÌÐÌĮ

ÐŘìðÅðĴĮĴďĴìÐ}ÐĊÌÐīZååÐīwĴĴÐĉÐĊĴďĊwÆìÐÌķăÐ}ZťăÐÌœðĴì

ĴìÐw'ďĊTřǠǥșǡǟǡǡȘAĊÆďĊĊÐÆĴðďĊœðĴìĴìÐZååÐīșďĊTř

ǡǢșǡǟǡǡșœÐÐŘÐÆķĴÐÌÆďĉĉðĴĉÐĊĴăÐĴĴÐīœðĴì:ďăÌĉĊwÆìĮ

ĊāwșĊāďåĉÐīðÆșUȘȘĊÌďåwÐÆķīðĴðÐĮșAĊÆȘåďī

senior secured bridge facility in an aggregate principal amount

ďåķĨĴďɄǢȘǤÅðăăðďĊșœìðÆìœĮĉÐĊÌÐÌĊÌīÐĮĴĴÐÌďĊLķĊÐǠǠș

ǡǟǡǡĴďðĊÆăķÌÐďĴìÐīăÐĊÌÐīĮĴìĴìŒÐÆďĉĉðĴĴÐÌĴďĴìÐåÆðăðĴř

ȧUqɁqīðÅĮțīÐÌðĴwķðĮĮÐ:șUÐœďīāīĊÆìțīÐÌðĴwķðĮĮÐ

OďĊ9ķĊÌðĊæOOțīÐÌðĴæīðÆďăÐďīĨďīĴÐĊÌAĊŒÐĮĴĉÐĊĴ

ĊāțUĴðŘðĮșUÐœďīāīĊÆìțwķĉðĴďĉďTðĴĮķðĊāðĊæ

ďīĨďīĴðďĊțĊÌT9:ĊāșOĴÌȘȨȘ}ìÐZååÐīœĮĴÐīĉðĊĴÐÌ

ÆďĊÆķīīÐĊĴăřœðĴìĴìÐÐĊĴīřðĊĴďĴìÐæīÐÐĉÐĊĴĊÌqăĊďåTÐīæÐī

ȧĴìÐȵTÐīæÐīæīÐÐĉÐĊĴȶȨœðĴìwĨðīðĴðīăðĊÐĮȘ

AĊÆďĊĊÐÆĴðďĊœðĴìĴìÐÐĊĴīřðĊĴďĴìÐTÐīæÐīæīÐÐĉÐĊĴșLÐĴăķÐ

ÐĊĴÐīÐÌðĊĴďwÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌďĉĉðĴĉÐĊĴOÐĴĴÐī

ȧĴìÐȵďĉĉðĴĉÐĊĴOÐĴĴÐīȶȨșÌĴÐÌLķăřǡǧșǡǟǡǡșœðĴì:ďăÌĉĊ

wÆìĮĊāwțďåwÐÆķīðĴðÐĮșAĊÆȘțĊāďåĉÐīðÆșUȘȘțUq

qīðÅĮțīÐÌðĴwķðĮĮÐ:șUÐœďīāīĊÆìțīÐÌðĴwķðĮĮÐOďĊ

9ķĊÌðĊæOOțīÐÌðĴæīðÆďăÐďīĨďīĴÐĊÌAĊŒÐĮĴĉÐĊĴĊāț

79JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

UĴðŘðĮșUÐœďīāīĊÆìțwķĉðĴďĉďTðĴĮķðĊāðĊæďīĨďīĴðďĊț

ĊÌT9:ĊāșOĴÌȘȧÆďăăÐÆĴðŒÐăřșĴìÐȵďĉĉðĴĉÐĊĴqīĴðÐĮȶȨș

pursuant to which the Commitment Parties have committed to

provide a senior secured bridge facility in an aggregate principal

ĉďķĊĴďåķĨĴďɄǢȘǤÅðăăðďĊĴďťĊĊÆÐĴìÐÆĪķðĮðĴðďĊďåwĨðīðĴȘ

NOTE 4 Leases

Operating lease assets represent our right to use an underlying

ĮĮÐĴåďīĴìÐăÐĮÐĴÐīĉșĊÌăÐĮÐăðÅðăðĴðÐĮīÐĨīÐĮÐĊĴďķī

ďÅăðæĴðďĊĴďĉāÐăÐĮÐĨřĉÐĊĴĮīðĮðĊæåīďĉĴìÐăÐĮÐȘ

ZĨÐīĴðĊæăÐĮÐĮĮÐĴĮĊÌăðÅðăðĴðÐĮīÐīÐÆďæĊðšÐÌĴĴìÐăÐĮÐ

commencement date based on the estimated present value of

ăÐĮÐĨřĉÐĊĴĮďŒÐīĴìÐăÐĮÐĴÐīĉȘìÐĊŒðăÅăÐșœÐķĮÐĴìÐ

rate implicit in the lease to discount lease payments to present

ŒăķÐȘ9ďīăÐĮÐĮĴìĴÌďĊďĴĨīďŒðÌÐīÐÌðăřÌÐĴÐīĉðĊÅăÐ

ðĉĨăðÆðĴīĴÐșœÐÐĮĴðĉĴÐďķīðĊÆīÐĉÐĊĴăÅďīīďœðĊæīĴÐĴď

discount the lease payments based on information available at

ăÐĮÐÆďĉĉÐĊÆÐĉÐĊĴȘ

OÐĮÐĮœðĴìĴÐīĉďåǠǡĉďĊĴìĮďīăÐĮĮīÐĊďĴīÐÆďīÌÐÌďĊĴìÐ

ÅăĊÆÐĮìÐÐĴȘZķīăÐĮÐæīÐÐĉÐĊĴĮÌďĊďĴÆďĊĴðĊĊřīÐĮðÌķă

ŒăķÐæķīĊĴÐÐĮȘ9ďīåÆðăðĴřăÐĮÐĮșœÐÆÆďķĊĴåďīĴìÐăÐĮÐĊÌ

ĊďĊȭăÐĮÐÆďĉĨďĊÐĊĴĮĮĮðĊæăÐăÐĮÐÆďĉĨďĊÐĊĴȘ

}ìÐĴÅăÐÅÐăďœĨīÐĮÐĊĴĮĴìÐăÐĮÐȭīÐăĴÐÌĮĮÐĴĮĊÌăðÅðăðĴðÐĮīÐÆďīÌÐÌďĊďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡ

ĊÌǡǟǡǠȧðĊĉðăăðďĊĮȨȚ

As of December 31,

2022 2021

Assets ăĮĮðťÆĴðďĊďĊăĊÆÐwìÐÐĴ

Operating lease assets Operating lease assets $ ǥǥǟ $ ǦǡǨ

Finance lease assets qīďĨÐīĴřĊÌÐĪķðĨĉÐĊĴșĊÐĴ ǡ Ǣ

TOTAL LEASE ASSETS $ 662 $ 732

Liabilities ăĮĮðťÆĴðďĊďĊăĊÆÐwìÐÐĴ

Current:

Operating lease liabilities Current operating lease liabilities $ ǨǦ $ Ǡǟǥ

Finance lease liabilities ķīīÐĊĴĉĴķīðĴðÐĮďåăďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ ǡ Ǡ

OďĊæȭĴÐīĉȚ

Operating lease liabilities OďĊæȭĴÐīĉďĨÐīĴðĊæăÐĮÐăðÅðăðĴðÐĮ ǥǢǨ ǥǨǟ

Finance lease liabilities OďĊæȭĴÐīĉÌÐÅĴĊÌťĊĊÆÐăÐĮÐďÅăðæĴðďĊĮ — ǡ

TOTAL LEASE LIABILITIES $ ǦǢǧ $ 799

As of December 31,

2022 2021

Weighted average remaining lease term (in years)

Operating leases ǨǨ

Finance leases Ǡǡ

Weighted average discount rate

Operating leases ǥȘǦǥɦ ǥȘǟǟɦ

Finance leases ǥȘǟǨɦ ǥȘǟǨɦ

Flight Equipment Leases

ÐďĨÐīĴÐÌŦÐÐĴďåǡǨǟðīÆīåĴĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘZå

ďķīŦÐÐĴșǥǡðīÆīåĴœÐīÐÆÆďķĊĴÐÌåďīĮďĨÐīĴðĊæăÐĮÐĮĊÌ

ĊďĊÐœÐīÐÆÆďķĊĴÐÌåďīĮťĊĊÆÐăÐĮÐĮȘ}ìÐĮÐðīÆīåĴăÐĮÐĮ

æÐĊÐīăăřìŒÐăďĊæÌķīĴðďĊĮœðĴìīÐĉðĊðĊæĴÐīĉĮďåǦĉďĊĴìĮ

ĴďǥřÐīĮȘ

OÐĮĮĴìĊìăåďåðīÆīåĴďĨÐīĴðĊæăÐĮÐĮÆĊÅÐīÐĊÐœÐÌĴīĴÐĮ

ÅĮÐÌďĊåðīĉīāÐĴŒăķÐĴĴìÐÐĊÌďåĴìÐăÐĮÐĴÐīĉåďīďĊÐ

ďīĴœďřÐīĮȘUďĊÐďåďķīðīÆīåĴďĨÐīĴðĊæăÐĮÐĮìŒÐŒīðÅăÐ

īÐĊĴĨřĉÐĊĴĮȘÐìŒÐĨķīÆìĮÐďĨĴðďĊĮåďīǢǟďåďķīðīÆīåĴ

ăÐĮÐĮĴĴìÐÐĊÌďåĴìÐðīăÐĮÐĴÐīĉĮȘ}ìÐĮÐĨķīÆìĮÐďĨĴðďĊĮīÐ

ĴåðīĉīāÐĴŒăķÐĊÌìŒÐďĊÐȭĴðĉÐďĨĴðďĊÌķīðĊæĴìÐĴÐīĉĴ

ťŘÐÌĉďķĊĴĮĴìĴœÐīÐÐŘĨÐÆĴÐÌĴďĨĨīďŘðĉĴÐĴìÐåðīĉīāÐĴ

ŒăķÐĴăÐĮÐðĊÆÐĨĴðďĊȘ

80 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

ÐīÐÆďīÌÐÌðĉĨðīĉÐĊĴăďĮĮÐĮďåɄǤǡĉðăăðďĊåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǡǡīÐăĴðĊæĴďďķī'ĉÅīÐī'ǠǨǟŦÐÐĴĴīĊĮðĴðďĊȘ

}ìÐĮÐăďĮĮÐĮœÐīÐĴĴīðÅķĴÐÌĴďðīÆīåĴĊÌīÐăĴÐÌĮĨīÐĨīĴĮ

ðĊÆăķÌðĊæĴìÐďĊÐĮķĊÌÐīďĨÐīĴðĊæăÐĮÐĮȘtÐåÐīĴďUďĴÐǠǥĴďďķī

ÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīåķīĴìÐīÌÐĴðăĮȘ

Facility Leases

ZķīåÆðăðĴřăÐĮÐĮīÐĨīðĉīðăřåďīĮĨÆÐĴĴìÐðīĨďīĴĮœÐĮÐīŒÐȘ

}ìÐĮÐăÐĮÐĮīÐÆăĮĮðťÐÌĮďĨÐīĴðĊæăÐĮÐĮĊÌīÐŦÐÆĴďķī

ķĮÐďåĨĮĮÐĊæÐīĴÐīĉðĊăĮÐīŒðÆÐåÆðăðĴðÐĮÆďĊĮðĮĴðĊæďåĴðÆāÐĴ

ÆďķĊĴÐīĮșæĴÐĮĨÆÐșďĨÐīĴðďĊĮĮķĨĨďīĴīÐșĊÌÅæææÐ

ĮÐīŒðÆÐďŨÆÐĮȘÐăÐĮÐĮĨÆÐÌðīÐÆĴăřďīðĊÌðīÐÆĴăřåīďĉĴìÐ

local airport authority on varying terms dependent on prevailing

ĨīÆĴðÆÐĮĴÐÆìðīĨďīĴȘ}ìÐīÐĉðĊðĊæĴÐīĉĮďåďķīðīĨďīĴ

ăÐĮÐĮŒīřåīďĉǠĉďĊĴìĴďǠǥřÐīĮȘZķīăÐĮÐĮĴÆÐīĴðĊðīĨďīĴĮ

ÆďĊĴðĊĨīďŒðĮðďĊĮåďīĨÐīðďÌðÆÌþķĮĴĉÐĊĴĮďåīÐĊĴăīĴÐĮÅĮÐÌ

on the operating costs of the airports or the frequency of use

ďåĴìÐåÆðăðĴðÐĮȘwďĉÐďåĴìÐĮÐăÐĮÐĮăĮďðĊÆăķÌÐīÐĊÐœă

options and/or termination options that are factored into our

ÌÐĴÐīĉðĊĴðďĊďåăÐĮÐĨřĉÐĊĴĮœìÐĊĨĨīďĨīðĴÐȘÐÆķĮÐďå

ĴìÐŒīðÅăÐĊĴķīÐďåĴìÐīĴÐĮșĴìÐĮÐăÐĮÐĮīÐĊďĴīÐÆďīÌÐÌ

as operating lease assets and operating lease liabilities on our

ÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮȘ

ÐăĮďìŒÐăÐĮÐĮåďīďķīÆďīĨďīĴÐďŨÆÐĮșĴīðĊðĊæÆÐĊĴÐīșĊÌ

ŒīðďķĮìĊæīĮĊÌðīĨďīĴĮķĨĨďīĴåÆðăðĴðÐĮĴďķīåďÆķĮÆðĴðÐĮȘ

Other Ground and Property Equipment

ÐăÐĮÐÆÐīĴðĊA}ĮĮÐĴĮșæīďķĊÌĮķĨĨďīĴÐĪķðĨĉÐĊĴșĊÌ

ŒīðďķĮďĴìÐīĨðÐÆÐĮďåÐĪķðĨĉÐĊĴȘ}ìÐăÐĮÐĴÐīĉĮďåďķīæīďķĊÌ

ĮķĨĨďīĴÐĪķðĨĉÐĊĴīÐăÐĮĮĴìĊǠǡĉďĊĴìĮȘ}ìÐĉďķĊĴďåďĴìÐī

ÐĪķðĨĉÐĊĴœÐìŒÐðĮĊďĴĮðæĊðťÆĊĴȘ

Lease Costs

}ìÐĴÅăÐÅÐăďœĨīÐĮÐĊĴĮÆÐīĴðĊðĊåďīĉĴðďĊīÐăĴÐÌĴďďķīăÐĮÐÆďĮĴĮÌķīðĊæĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟ

(in millions):

2022 2021 2020

Operating lease cost $ ǠǤǧ $ ǠǥǤ $ Ǡǥǟ

wìďīĴȭĴÐīĉăÐĮÐÆďĮĴ ǠǠǠ

Finance lease cost:

ĉďīĴðšĴðďĊďåĮĮÐĴĮ —— ǥ

Interest on lease liabilities — Ǡǡ

Variable lease cost Ǥǟǟ Ǥǥǡ ǡǧǡ

wķÅăÐĮÐðĊÆďĉÐ ǡǟ Ǡǟ ȧǤ)

TOTAL NET LEASE COST $ 679 $ 739 $ 446

Other Information

}ìÐĴÅăÐÅÐăďœĨīÐĮÐĊĴĮĮķĨĨăÐĉÐĊĴăÆĮìŦďœðĊåďīĉĴðďĊīÐăĴÐÌĴďăÐĮÐĮÌķīðĊæĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșĊÌ

ǡǟǡǟȧðĊĉðăăðďĊĮȨȚ

2022 2021 2020

Cash paid for amounts included in the measurement of lease liabilities

ZĨÐīĴðĊæÆĮìŦďœĮåďīďĨÐīĴðĊæăÐĮÐĮ $ ǠǤǣ $ Ǡǥǟ $ Ǡǣǥ

ZĨÐīĴðĊæÆĮìŦďœĮåďīťĊĊÆÐăÐĮÐĮ — Ǣǣ

9ðĊĊÆðĊæÆĮìŦďœĮåďīťĊĊÆÐăÐĮÐĮ Ǡ ǤǨ ǡǧ

81JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Lease Commitments

}ìÐĴÅăÐÅÐăďœĨīÐĮÐĊĴĮĮÆìÐÌķăÐÌåķĴķīÐĉðĊðĉķĉăÐĮÐĨřĉÐĊĴĮåďīďĨÐīĴðĊæĊÌťĊĊÆÐăÐĮÐĮīÐÆďīÌÐÌďĊďķīÆďĊĮďăðÌĴÐÌ

ÅăĊÆÐĮìÐÐĴĮșĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȧðĊĉðăăðďĊĮȨȚ

As of December 31, 2022

Operating Leases Finance Leases

ǡǟǡǢ $ ǠǣǢ $ ǡ

ǡǟǡǣ ǠǢǧ —

ǡǟǡǤ Ǩǧ —

ǡǟǡǥ ǧǟ —

ǡǟǡǦ ǧǠ —

}ìÐīÐåĴÐī ǣǥǢ —

}ďĴăĉðĊðĉķĉăÐĮÐĨřĉÐĊĴĮ ǠșǟǟǢ ǡ

OÐĮĮȚĉďķĊĴďåăÐĮÐĨřĉÐĊĴīÐĨīÐĮÐĊĴðĊæðĊĴÐīÐĮĴ ȧǡǥǦ)—

Present value of future minimum lease payment ǦǢǥ ǡ

OÐĮĮȚÆķīīÐĊĴďÅăðæĴðďĊĮķĊÌÐīăÐĮÐĮ ȧǨǦ) ȧǡ)

LONG-TERM LEASE OBLIGATIONS $ 639 $ —

ÐÌðÌĊďĴìŒÐĊřăÐĮÐÆďĉĉðĴĉÐĊĴĮĴìĴìŒÐĊďĴřÐĴÆďĉĉÐĊÆÐÌĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

NOTE 5 Stockholders’ Equity

AĊǡǟǠǨșœÐ ÐĊĴÐīÐÌ ðĊĴďåďķī ĮÐĨīĴÐÆÆÐăÐīĴÐÌĮìīÐ

īÐĨķīÆìĮÐȧȵwtȶȨæīÐÐĉÐĊĴĮåďīĮķĉďåɄǤǢǤĉðăăðďĊȘ

ĴďĴăďåǡǧȘǠĉðăăðďĊĮìīÐĮœÐīÐīÐĨķīÆìĮÐÌķĊÌÐīĴìÐĮÐwt

æīÐÐĉÐĊĴĮœðĴìĊŒÐīæÐĨīðÆÐĨðÌĨÐīĮìīÐďåɄǠǨȘǟǡȘ

#ķīðĊæĴìÐåðīĮĴĪķīĴÐīďåǡǟǡǟșœÐīÐĨķīÆìĮÐÌǠǢȘǟĉðăăðďĊ

ĮìīÐĮĴìīďķæìĊwtĴĊŒÐīæÐĨīðÆÐďåɄǠǡȘǡǦĨÐīĮìīÐȘ

In accordance with the agreements under various federal

æďŒÐīĊĉÐĊĴăĮĮðĮĴĊÆÐĨīďæīĉĮœðĴì}īÐĮķīřșœÐœÐīÐ

ĨīďìðÅðĴÐÌåīďĉĉāðĊæĊřĮìīÐīÐĨķīÆìĮÐĮȘÐĮķĮĨÐĊÌÐÌ

ďķīĮìīÐīÐĨķīÆìĮÐĨīďæīĉĮďåTīÆìǢǠșǡǟǡǟĊÌìŒÐĊďĴ

īÐĮĴīĴÐÌĴìÐĨīďæīĉȘ

}ìÐĴďĴăĮìīÐĮĨķīÆìĮÐÌÅřLÐĴăķÐķĊÌÐīÐÆìďåĴìÐwtĮðĊ

ǡǟǡǟĊÌǡǟǠǨœÐīÐÅĮÐÌďĊĴìÐŒďăķĉÐœÐðæìĴÐÌŒÐīæÐĨīðÆÐĮ

ďåLÐĴăķÐȸĮÆďĉĉďĊĮĴďÆāÌķīðĊæĴìÐĴÐīĉĮďåĴìÐīÐĮĨÐÆĴðŒÐ

æīÐÐĉÐĊĴĮȘ

ZĊ#ÐÆÐĉÅÐīǣșǡǟǡǟșœÐÆďĉĨăÐĴÐÌĴìÐĨķÅăðÆďååÐīðĊæďå

ǣǡɁĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāĴĨķÅăðÆďååÐīðĊæĨīðÆÐ

ďåɄǠǣȘǣǟĨÐīĮìīÐȘqīďÆÐÐÌĮåīďĉĴìÐďååÐīðĊæœÐīÐķĮÐÌåďī

æÐĊÐīăÆďīĨďīĴÐĨķīĨďĮÐĮȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐìÌĴďĴăďåǠǣȘǧĉðăăðďĊĮìīÐĮ

ďåďķīÆďĉĉďĊĮĴďÆāīÐĮÐīŒÐÌåďīðĮĮķĊÆÐȘ}ìÐĮÐĮìīÐĮīÐ

ĨīðĉīðăřīÐăĴÐÌĴďďķīÐĪķðĴřðĊÆÐĊĴðŒÐĨăĊĮȘtÐåÐīĴďUďĴÐǦĴď

ďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīåķīĴìÐīÌÐĴðăĮďĊďķī

ĮìīÐȭÅĮÐÌÆďĉĨÐĊĮĴðďĊȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐìÌĴďĴăďåǠǤǧȘǨĉðăăðďĊĮìīÐĮ

ďåĴīÐĮķīřĮĴďÆāȘ

NOTE 6 (Loss) Earnings Per Share

Basic earnings per share is calculated by dividing net loss by

the weighted average number of shares outstanding during

ĴìÐĨÐīðďÌȘ#ðăķĴÐÌÐīĊðĊæĮĨÐīĮìīÐðĮÆăÆķăĴÐÌĮðĉðăīăř

ÅķĴðĊÆăķÌÐĮĨďĴÐĊĴðăÌðăķĴðďĊåīďĉīÐĮĴīðÆĴÐÌĮĴďÆāķĊðĴĮșĴìÐ

ďĉĨĊřȸĮīÐœĉÐĉÅÐīwĴďÆāqķīÆìĮÐqăĊșÆďĊŒÐīĴðÅăÐĊďĴÐĮș

œīīĊĴĮðĮĮķÐÌķĊÌÐīŒīðďķĮåÐÌÐīăĨřīďăăĮķĨĨďīĴĨīďæīĉĮș

and any other potentially dilutive instruments using the treasury

ĮĴďÆāĊÌðåÆďĊŒÐīĴÐÌĉÐĴìďÌȘĊĴðȭÌðăķĴðŒÐÆďĉĉďĊĮĴďÆā

equivalents excluded from the computation of diluted earnings

ĨÐīĮìīÐĉďķĊĴĮœÐīÐǠȘǧĉðăăðďĊșǢȘǣĉðăăðďĊșĊÌǡȘǟĉðăăðďĊåďī

ĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟīÐĮĨÐÆĴðŒÐăřȘ

82 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

}ìÐåďăăďœðĊæĴÅăÐĮìďœĮìďœœÐÆďĉĨķĴÐÌÅĮðÆĊÌÌðăķĴÐÌÐīĊðĊæĮĨÐīÆďĉĉďĊĮìīÐåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠȧÌďăăīĮ

and share data in millions):

2022 2021 2020

Net loss $ (362) $ ȧǠǧǡ) $ (1,354)

Weighted average basic shares 323.6 ǢǠǧȘǟ 277.5

Effect of dilutive securities — — —

WEIGHTED AVERAGE DILUTED SHARES 323.6 ǢǠǧȘǟ 277.5

Loss per common share

Basic $ ȧǠȘǠǡ)$ ȧǟȘǤǦ)$ ȧǣȘǧǧ)

Diluted $ ȧǠȘǠǡ)$ ȧǟȘǤǦ)$ ȧǣȘǧǧ)

ĮÌðĮÆķĮĮÐÌðĊUďĴÐǤĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮșLÐĴăķÐÐĊĴÐīÐÌðĊĴďŒīðďķĮwtæīÐÐĉÐĊĴĮðĊǡǟǡǟĊÌǡǟǠǨĊÌ

ĨķīÆìĮÐÌĨĨīďŘðĉĴÐăřǠǢȘǟĉðăăðďĊșĊÌǡǧȘǠĉðăăðďĊĮìīÐĮșīÐĮĨÐÆĴðŒÐăřșåďīɄǠǥǟȘǟĉðăăðďĊĊÌɄǤǢǤȘǟĉðăăðďĊșīÐĮĨÐÆĴðŒÐăřȘ}ìÐ

ĊķĉÅÐīďåĮìīÐĮīÐĨķīÆìĮÐÌīÐÅĮÐÌďĊĴìÐŒďăķĉÐœÐðæìĴÐÌŒÐīæÐĨīðÆÐĮďåLÐĴăķÐȸĮÆďĉĉďĊĮĴďÆāÌķīðĊæĴìÐĴÐīĉďåĴìÐ

wtæīÐÐĉÐĊĴĮȘ

NOTE 7 Share-Based Compensation

We have various equity incentive plans under which we have

æīĊĴÐÌĮĴďÆāœīÌĮĴďďķīÐăðæðÅăÐÆīÐœĉÐĉÅÐīĮĊÌĉÐĉÅÐīĮ

ďåďķīďīÌďå#ðīÐÆĴďīĮȘ}ìÐĮÐðĊÆăķÌÐĴìÐLÐĴăķÐðīœřĮ

ďīĨďīĴðďĊtÐĮĴĴÐÌĊÌĉÐĊÌÐÌǡǟǟǡwĴďÆāAĊÆÐĊĴðŒÐqăĊș

ďīǡǟǟǡqăĊșĴìÐLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠAĊÆÐĊĴðŒÐ

ďĉĨÐĊĮĴðďĊqăĊșďīǡǟǠǠqăĊșĊÌĴìÐLÐĴăķÐðīœřĮ

ďīĨďīĴðďĊǡǟǡǟZĉĊðÅķĮ'ĪķðĴřAĊÆÐĊĴðŒÐqăĊșďīĴìÐǡǟǡǟ

qăĊȘ

}ìÐǡǟǟǡqăĊœĮīÐĨăÆÐÌÅřĴìÐǡǟǠǠqăĊĊÌìĮĊðĉĉĴÐīðă

ĉďķĊĴďå ŒÐĮĴÐÌ ÌÐåÐīīÐÌĮĴďÆāķĊðĴĮ ďķĴĮĴĊÌðĊæĮ ďå

#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

}ìÐǡǟǠǠqăĊœĮīÐĨăÆÐÌÅřĴìÐǡǟǡǟqăĊðĊTřǡǟǡǟȘ

ÐÌÌðĴðďĊăăřìŒÐīÐœĉÐĉÅÐīwĴďÆāqķīÆìĮÐqăĊșďī

wqqșĴìĴðĮŒðăÅăÐĴďăăÐăðæðÅăÐÆīÐœĉÐĉÅÐīĮȘ

ĊīÐÆďæĊðšÐÌ ĮĴďÆāȭÅĮÐÌ ÆďĉĨÐĊĮĴðďĊ ÐŘĨÐĊĮÐ œĮ

ĨĨīďŘðĉĴÐăřɄǡǣĉðăăðďĊĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ}ìðĮĉďķĊĴ

īÐăĴÐĮĴďĴďĴăďåǡȘǧĉðăăðďĊķĊŒÐĮĴÐÌīÐĮĴīðÆĴÐÌĮĴďÆāķĊðĴĮșďī

twĮșĨÐīåďīĉĊÆÐĮĴďÆāķĊðĴĮșďīqwĮșĊÌÌÐåÐīīÐÌĮĴďÆāķĊðĴĮș

ďī#wĮșĴìĴœÐīÐďķĴĮĴĊÌðĊæķĊÌÐīďķīǡǟǠǠĊÌǡǟǡǟqăĊĮȘÐ

ÐŘĨÐÆĴĴďīÐÆďæĊðšÐĴìðĮĮĴďÆāȭÅĮÐÌÆďĉĨÐĊĮĴðďĊÐŘĨÐĊĮÐďŒÐī

œÐðæìĴÐÌŒÐīæÐĨÐīðďÌďåĨĨīďŘðĉĴÐăřǡǠĉďĊĴìĮȘ

}ìÐĴďĴăĮĴďÆāȭÅĮÐÌÆďĉĨÐĊĮĴðďĊÐŘĨÐĊĮÐșœìðÆìðĮðĊÆăķÌÐÌ

œðĴìðĊ ĮăīðÐĮș œæÐĮĊÌ ÅÐĊÐåðĴĮ ďĊ ďķī ÆďĊĮďăðÌĴÐÌ

ĮĴĴÐĉÐĊĴĮďåďĨÐīĴðďĊĮșåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠș

ǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟœĮɄǢǟĉðăăðďĊșɄǡǧĉðăăðďĊșĊÌɄǡǧĉðăăðďĊș

īÐĮĨÐÆĴðŒÐăřȘ

2011 Incentive Compensation Plan

ĴďķīĊĊķăwĴďÆāìďăÌÐīĮTÐÐĴðĊæìÐăÌďĊTřǡǥșǡǟǠǠșďķī

ĮĴďÆāìďăÌÐīĮĨĨīďŒÐÌĴìÐLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠ

AĊÆÐĊĴðŒÐďĉĨÐĊĮĴðďĊqăĊȘĨďĊðĊÆÐĨĴðďĊșĴìÐǡǟǠǠqăĊìÌ

ǠǤȘǟĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāīÐĮÐīŒÐÌåďīðĮĮķĊÆÐȘ

twĮŒÐĮĴðĊĊĊķăðĊĮĴăăĉÐĊĴĮďŒÐīĴìīÐÐřÐīĮœìðÆìÆĊÅÐ

ÆÆÐăÐīĴÐÌķĨďĊĴìÐďÆÆķīīÐĊÆÐďåÆìĊæÐðĊÆďĊĴīďăȘĊÌÐī

ĴìðĮĨăĊșœÐæīĊĴtwĮĴďÆÐīĴðĊÆīÐœĉÐĉÅÐīĮȘZķīĨďăðÆř

ðĮĴďæīĊĴtwĮÅĮÐÌďĊĴìÐĉīāÐĴĨīðÆÐďåĴìÐķĊÌÐīăřðĊæ

ÆďĉĉďĊĮĴďÆāďĊĴìÐÌĴÐďåæīĊĴȘĊÌÐīĴìðĮĨăĊșœÐæīĊĴ

#wĮĴďĉÐĉÅÐīĮďåďķīďīÌďå#ðīÐÆĴďīĮșĊÌqwĮĴďÆÐīĴðĊ

ĉÐĉÅÐīĮďåďķīÐŘÐÆķĴðŒÐăÐÌÐīĮìðĨĴÐĉȘ

}ìÐǡǟǠǠqăĊœĮĉÐĊÌÐÌĊÌīÐĮĴĴÐÌÐååÐÆĴðŒÐLĊķīřǠș

ǡǟǠǣșĴďðĊÆăķÌÐĴìÐÌÐåðĊðĴðďĊďåīÐĴðīÐĉÐĊĴÐăðæðÅðăðĴřȘZĊÆÐ

ÆīÐœĉÐĉÅÐīĉÐÐĴĮĴìÐÌÐåðĊðĴðďĊșĴìÐřœðăăÆďĊĴðĊķÐĴď

ŒÐĮĴĴìÐðīĮìīÐĮĮðåĴìÐřīÐĉðĊÐÌÐĉĨăďřÐÌÅřLÐĴăķÐș

īÐæīÌăÐĮĮďåĴìÐðīÆĴķăÐĉĨăďřĉÐĊĴĮĴĴķĮœðĴìĴìÐďĉĨĊřȘ

In accordance with the ďĉĨÐĊĮĴðďĊȭwĴďÆāďĉĨÐĊĮĴðďĊ

ĴďĨðÆďåĴìÐďÌðťÆĴðďĊșĴìÐæīĊĴȸĮÐŘĨăðÆðĴĮÐīŒðÆÐÆďĊÌðĴðďĊðĮ

non-substantive and the grant has effectively vested at the time

īÐĴðīÐĉÐĊĴÐăðæðÅðăðĴřðĮĉÐĴȘ

ĴďķīĊĊķăwĴďÆāìďăÌÐīĮTÐÐĴðĊæìÐăÌďĊTřǡǠșǡǟǠǤșďķī

ĮĴďÆāìďăÌÐīĮĨĨīďŒÐÌĉÐĊÌĉÐĊĴĮĴďĴìÐǡǟǠǠqăĊðĊÆīÐĮðĊæ

ĴìÐĊķĉÅÐīďåĮìīÐĮďåďĉĨĊřÆďĉĉďĊĮĴďÆāĴìĴīÐĉðĊ

ŒðăÅăÐåďīðĮĮķĊÆÐķĊÌÐīĴìÐĨăĊÅřǦȘǤĉðăăðďĊȘ

83JETBLUE AIRWAYS CORPORATION |

2022

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}ìÐåďăăďœðĊæðĮĮķĉĉīřďåtwÆĴðŒðĴřķĊÌÐīĴìÐǡǟǠǠqăĊåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȧðĊĉðăăðďĊĮÐŘÆÐĨĴĨÐīĮìīÐÌĴȨȚ

Weighted Average

Grant Date Fair Value

UďĊŒÐĮĴÐÌĴÅÐæðĊĊðĊæďåřÐī ǟȘǨ $ ǠǦȘǦǡ

:īĊĴÐÌ ——

Vested ȧǟȘǥ) ǠǦȘǦǟ

Forfeited — ǠǧȘǟǤ

NONVESTED AT END OF YEAR 0.3 $ ǠǧȘǠǦ

}ìÐĴďĴăðĊĴīðĊĮðÆŒăķÐșÌÐĴÐīĉðĊÐÌĮďåĴìÐÌĴÐďåŒÐĮĴðĊæșåďī

ăătwĮķĊÌÐīĴìÐǡǟǠǠqăĊĴìĴŒÐĮĴÐÌÌķīðĊæĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠĊÌǡǟǡǟœĮɄǨĉðăăðďĊșɄǠǨĉðăăðďĊș

ĊÌɄǠǧĉðăăðďĊșīÐĮĨÐÆĴðŒÐăřȘ}ìÐīÐœÐīÐĊďĮìīÐœīÌĮæīĊĴÐÌ

ÌķīðĊæĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠȘ

}ìÐŒÐĮĴðĊæĨÐīðďÌåďī#wĮķĊÌÐīĴìÐǡǟǠǠqăĊðĮÐðĴìÐīďĊÐďī

ĴìīÐÐřÐīĮďåĮÐīŒðÆÐȘZĊÆÐŒÐĮĴÐÌșĮìīÐĮīÐðĮĮķÐÌĮðŘĉďĊĴìĮ

ĊÌďĊÐÌřåďăăďœðĊæ#ðīÐÆĴďīȸĮÌÐĨīĴķīÐåīďĉďķīďīÌďå

#ðīÐÆĴďīĮȘ#ķīðĊæĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǠșĊÌǡǟǡǟș

œÐæīĊĴÐÌĊďĉðĊăĉďķĊĴďå#wĮșăĉďĮĴăăďåœìðÆìīÐĉðĊ

ďķĴĮĴĊÌðĊæĴ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘAĊǡǟǡǠșœÐæīĊĴÐÌĊďĉðĊă

ĉďķĊĴďåqwĮĴďĉÐĉÅÐīĮďåďķīÐŘÐÆķĴðŒÐăÐÌÐīĮìðĨĴÐĉș

payment of which are based upon achievements of certain

ĨÐīåďīĉĊÆÐÆīðĴÐīðȘUďqwĮœÐīÐæīĊĴÐÌðĊǡǟǡǡȘ

2020 Omnibus Equity Incentive Plan

ĴďķīĊĊķăwĴďÆāìďăÌÐīĮTÐÐĴðĊæìÐăÌďĊTřǠǣșǡǟǡǟșďķī

ĮĴďÆāìďăÌÐīĮĨĨīďŒÐÌĴìÐLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǡǟ

ZĉĊðÅķĮ'ĪķðĴřAĊÆÐĊĴðŒÐqăĊȘĨďĊðĊÆÐĨĴðďĊșĴìÐǡǟǡǟqăĊìÌ

ǠǟȘǤĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāīÐĮÐīŒÐÌåďīðĮĮķĊÆÐȘ

}ìÐǡǟǡǟqăĊșÅřðĴĮĴÐīĉĮșœðăăĴÐīĉðĊĴÐĊďăĴÐīĴìĊTřǡǟǢǟȘ

ĊÌÐīĴìÐǡǟǡǟĨăĊșœÐæīĊĴtwĮĴďÆÐīĴðĊÆīÐœĉÐĉÅÐīĮĊÌ

ĉÐĉÅÐīĮďåďķīďīÌďå#ðīÐÆĴďīĮȘ}ìÐŒÐĮĴðĊæĨÐīðďÌĮåďīĴìÐ

twĮŒīðÐĮÅřæīĊĴÅķĴĊďăÐĮĮĴìĊďĊÐřÐīȘÐăĮďæīĊĴ

#wĮĴďĉÐĉÅÐīĮďåďķīďīÌďå#ðīÐÆĴďīĮșĊÌqwĮĴďÆÐīĴðĊ

ĉÐĉÅÐīĮďåďķīÐŘÐÆķĴðŒÐăÐÌÐīĮìðĨĴÐĉķĊÌÐīĴìÐǡǟǡǟqăĊȘ

}ìÐåďăăďœðĊæðĮĮķĉĉīřďåtwÆĴðŒðĴřķĊÌÐīĴìÐǡǟǡǟqăĊåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȧðĊĉðăăðďĊĮÐŘÆÐĨĴĨÐīĮìīÐÌĴȨȚ

Weighted Average

Grant Date Fair Value

UďĊŒÐĮĴÐÌĴÅÐæðĊĊðĊæďåřÐī ǠȘǢ $ ǠǦȘǨǧ

:īĊĴÐÌ ǡȘǡ ǠǡȘǤǥ

Vested ȧǟȘǤ) ǠǧȘǣǢ

Forfeited ȧǟȘǡ) ǠǥȘǢǡ

NONVESTED AT END OF YEAR ǡȘǧ $ 13.97

}ìÐĴďĴăðĊĴīðĊĮðÆŒăķÐșÌÐĴÐīĉðĊÐÌĮďåĴìÐÌĴÐďåŒÐĮĴðĊæșåďī

ăătwĮķĊÌÐīĴìÐǡǟǡǟqăĊĴìĴŒÐĮĴÐÌÌķīðĊæĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǡǡœĮɄǥĉðăăðďĊȘ

ÐìŒÐæīĊĴÐÌĊďĉðĊăĉďķĊĴďå#wĮķĊÌÐīĴìÐǡǟǡǟqăĊ

ĮðĊÆÐðĴĮÌďĨĴðďĊðĊTřǡǟǡǟȘwðĉðăīĴďĴìÐǡǟǠǠqăĊșĴìÐŒÐĮĴðĊæ

ĨÐīðďÌåďī#wĮķĊÌÐīĴìÐǡǟǡǟqăĊðĮÐðĴìÐīďĊÐďīĴìīÐÐřÐīĮ

ďåĮÐīŒðÆÐȘZĊÆÐŒÐĮĴÐÌșĮìīÐĮīÐðĮĮķÐÌĮðŘĉďĊĴìĮĊÌďĊÐ

ÌřåďăăďœðĊæ#ðīÐÆĴďīȸĮÌÐĨīĴķīÐåīďĉďķīďīÌďå#ðīÐÆĴďīĮȘ

Crewmember Stock Purchase Plans

AĊTřǡǟǠǠșďķīĮĴďÆāìďăÌÐīĮĨĨīďŒÐÌĴìÐǡǟǠǠīÐœĉÐĉÅÐī

wĴďÆāqķīÆìĮÐqăĊșďīĴìÐǡǟǠǠwqqȘĴðĊÆÐĨĴðďĊșĴìÐǡǟǠǠwqq

ìÌǧȘǟĉðăăðďĊĮìīÐĮďåďķīÆďĉĉďĊĮĴďÆāīÐĮÐīŒÐÌåďīðĮĮķĊÆÐȘ

ĴďķīĊĊķăwĴďÆāìďăÌÐīĮTÐÐĴðĊæìÐăÌďĊTřǡǠșǡǟǠǤșďķī

ĮĴďÆāìďăÌÐīĮĨĨīďŒÐÌĉÐĊÌĉÐĊĴĮĴďĴìÐwqqðĊÆīÐĮðĊæ

ĴìÐĊķĉÅÐīďåĮìīÐĮďåďĉĨĊřÆďĉĉďĊĮĴďÆāĴìĴīÐĉðĊ

ŒðăÅăÐåďīðĮĮķĊÆÐķĊÌÐīĴìÐĨăĊÅřǠǤĉðăăðďĊȘ

AĊTřǡǟǡǟșďķīĮĴďÆāìďăÌÐīĮĨĨīďŒÐÌĴìÐLÐĴăķÐðīœřĮ

ďīĨďīĴðďĊǡǟǡǟīÐœĉÐĉÅÐīwĴďÆāqķīÆìĮÐqăĊșďīĴìÐǡǟǡǟ

wqqĴďīÐĨăÆÐĴìÐǡǟǠǠwqqœìðÆìœĮĮÐĴĴďÐŘĨðīÐðĊĨīðă

ǡǟǡǠȘĴðĊÆÐĨĴðďĊșĴìÐǡǟǡǟwqqìÌǠǦȘǤĉðăăðďĊĮìīÐĮďåďķī

ÆďĉĉďĊĮĴďÆāīÐĮÐīŒÐÌåďīðĮĮķĊÆÐȘ}ìÐǡǟǡǟwqqșÅřðĴĮĴÐīĉĮș

œðăăĴÐīĉðĊĴÐĊďăĴÐīĴìĊTřǡǟǢǟȘ}ìÐďĴìÐīĴÐīĉĮďåĴìÐǡǟǡǟ

wqqīÐĮķÅĮĴĊĴðăăřðÌÐĊĴðÆăĴďĴìďĮÐďåĴìÐǡǟǠǠwqqȘ

ZķīwqqĮìŒÐĮÐīðÐĮďåĮðŘȭĉďĊĴìďååÐīðĊæĨÐīðďÌĮșœðĴì

ĊÐœďååÐīðĊæĨÐīðďÌÅÐæðĊĊðĊæďĊĴìÐťīĮĴÅķĮðĊÐĮĮÌřďåTř

ĊÌUďŒÐĉÅÐīÐÆìřÐīȘīÐœĉÐĉÅÐīĮÆĊÐĊīďăăðĊwqq

ĊÐīăřřÐīȭīďķĊÌșœðĴìĴìÐÐŘÆÐĨĴðďĊďåĮĨÐÆðťÆÅăÆāďķĴÌĴÐĮȘ

īÐœĉÐĉÅÐīĮĉřÆďĊĴīðÅķĴÐķĨĴďǠǟɦďåĴìÐðīĨřĴďœīÌĮ

ĴìÐĨķīÆìĮÐďåÆďĉĉďĊĮĴďÆāŒðĨřīďăăÌÐÌķÆĴðďĊĮȘqķīÆìĮÐ

dates occur on the last business day of April and October each

řÐīȘ}ìÐĨķīÆìĮÐĨīðÆÐðĮĴìÐĮĴďÆāĨīðÆÐďĊĴìÐĨķīÆìĮÐ

ÌĴÐșăÐĮĮǠǤɦÌðĮÆďķĊĴȘ}ìÐÆďĉĨÐĊĮĴðďĊÆďĮĴīÐăĴðĊæĴďĴìÐ

ÌðĮÆďķĊĴðĮīÐÆďæĊðšÐÌďŒÐīĴìÐďååÐīðĊæĨÐīðďÌȘ}ìÐĴďĴăÐŘĨÐĊĮÐ

īÐÆďæĊðšÐÌīÐăĴðĊæĴďďķīwqqĮåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīɁǢǠș

ǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟœĮĨĨīďŘðĉĴÐăřɄǨɁĉðăăðďĊșɄǨĉðăăðďĊș

84 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

ĊÌɄǥɁĉðăăðďĊșīÐĮĨÐÆĴðŒÐăřȘĊÌÐīĴìÐĨăĊĮșÆīÐœĉÐĉÅÐīĮ

ĨķīÆìĮÐÌǥȘǣĉðăăðďĊșǢȘǣĉðăăðďĊșĊÌǣȘǠĉðăăðďĊĊÐœĮìīÐĮåďī

ĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟșīÐĮĨÐÆĴðŒÐăřș

ĴœÐðæìĴÐÌŒÐīæÐĨīðÆÐĮďåɄǧȘǟǦșɄǠǢȘǨǢșĊÌɄǧȘǨǣĨÐīĮìīÐș

īÐĮĨÐÆĴðŒÐăřȘ

ĊÌÐīĴìÐwqqĮșĮìďķăÌœÐÅÐÆĪķðīÐÌÅřĉÐīæÐīďīĮăÐďå

ĮķÅĮĴĊĴðăăřăăďåďķīĮĮÐĴĮďīĮăÐďåĉďīÐĴìĊǤǟɦďåďķī

ďķĴĮĴĊÌðĊæŒďĴðĊæĮÐÆķīðĴðÐĮșăăďķĴĮĴĊÌðĊæĨķīÆìĮÐīðæìĴĮ

will automatically be exercised immediately prior to the effective

ÌĴÐďåĴìÐÆĪķðĮðĴðďĊĴĨīðÆÐÐĪķăĴďǧǤɦďåĴìÐåðīĉīāÐĴ

ŒăķÐĨÐīĮìīÐðĉĉÐÌðĴÐăřĨīðďīĴďĴìÐÆĪķðĮðĴðďĊȘ

Taxation

}ìÐďĉĨÐĊĮĴðďĊȭwĴďÆāďĉĨÐĊĮĴðďĊĴďĨðÆďåĴìÐďÌðťÆĴðďĊ

īÐĪķðīÐĮÌÐåÐīīÐÌĴŘÐĮÅÐīÐÆďæĊðšÐÌďĊĴÐĉĨďīīřÌðååÐīÐĊÆÐĮ

ĴìĴīðĮÐœðĴìīÐĮĨÐÆĴĴďĮĴďÆāȭÅĮÐÌÆďĉĨÐĊĮĴðďĊĴĴīðÅķĴÅăÐ

ĴďĊďĊĪķăðťÐÌĮĴďÆāďĨĴðďĊĮĊÌœīÌĮȘ>ďœÐŒÐīșĊďĴŘÅÐĊÐťĴ

ðĮīÐÆďæĊðšÐÌåďīĮĴďÆāȭÅĮÐÌÆďĉĨÐĊĮĴðďĊĴĴīðÅķĴÅăÐĴď

ðĊÆÐĊĴðŒÐĮĴďÆāďĨĴðďĊĮșďīAwZșďīwqqĮìīÐĮķĊĴðăĴìÐīÐðĮ

ÌðĮĪķăðåřðĊæÌðĮĨďĮðĴðďĊșðåĊřșåďīðĊÆďĉÐĴŘĨķīĨďĮÐĮȘĨďīĴðďĊ

ďåďķīìðĮĴďīðÆăĮĴďÆāȭÅĮÐÌÆďĉĨÐĊĮĴðďĊœĮĴĴīðÅķĴÅăÐĴď

wqqĮìīÐĮțĴìÐīÐåďīÐșďķīÐååÐÆĴðŒÐĴŘīĴÐœĮĮķÅþÐÆĴĴď

ŦķÆĴķĴðďĊȘ

NOTE 8 Income Taxes

ZķīðĊÆďĉÐĴŘÅÐĊÐťĴÆďĊĮðĮĴÐÌďåĴìÐåďăăďœðĊæåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠȧðĊĉðăăðďĊĮȨȚ

2022 2021 2020

Deferred:

Federal

$ ȧǧǥ)$ ȧǣǣ)$ ȧǡǣǦ)

wĴĴÐ

ǠǢ ȧǣǣ) ȧǧǡ)

#ÐåÐīīÐÌðĊÆďĉÐĴŘÅÐĊÐťĴ

ȧǦǢ) ȧǧǧ) ȧǢǡǨ)

Current:

Federal

ȧǢ) Ǣ ȧǠǨǨ)

wĴĴÐ

— ǤȧǨ)

Foreign

ǠȧǠ) ȧǡ)

ķīīÐĊĴðĊÆďĉÐĴŘȧÅÐĊÐťĴȨÐŘĨÐĊĮÐ

ȧǡ) ǦȧǡǠǟ)

TOTAL INCOME TAX BENEFIT

$ (75) $ ȧǧǠ) $ (539)

ZĊTīÆìǡǦșǡǟǡǟșĴìÐt'wÆĴœĮÐĊÆĴÐÌðĊīÐĮĨďĊĮÐĴďĴìÐ

ZA#ȭǠǨĨĊÌÐĉðÆȘ}ìÐt'wÆĴĨÐīĉðĴĮĊÐĴďĨÐīĴðĊæăďĮĮ

ȧUZOȨÆīīřďŒÐīĮĊÌÆīīřÅÆāĮĴďďååĮÐĴǠǟǟɦďåĴŘÅăÐðĊÆďĉÐ

åďīĴŘÅăÐřÐīĮÅÐæðĊĊðĊæÅÐåďīÐǡǟǡǠȘAĊÌÌðĴðďĊșĴìÐt'w

ÆĴăăďœĮUZOĮðĊÆķīīÐÌðĊǡǟǠǧșǡǟǠǨșĊÌǡǟǡǟĴďÅÐÆīīðÐÌ

ÅÆāĴďÐÆìďåĴìÐťŒÐĨīÐÆÐÌðĊæĴŘÅăÐřÐīĮĴďæÐĊÐīĴÐ

īÐåķĊÌďåĨīÐŒðďķĮăřĨðÌðĊÆďĉÐĴŘÐĮȘĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡș

ĴìÐďĉĨĊřìĮťăÐÌðĴĮĨĨăðÆĴðďĊåďī}ÐĊĴĴðŒÐtÐåķĊÌĊÌðĮ

œðĴðĊæīÐÆÐðĨĴďåĴìÐīÐåķĊÌȘ

AĊÆďĉÐĴŘÅÐĊÐťĴīÐÆďĊÆðăÐĮĴďĴìÐĉďķĊĴÆďĉĨķĴÐÌÅřĨĨăřðĊæĴìÐȘwȘåÐÌÐīăĮĴĴķĴďīřðĊÆďĉÐĴŘīĴÐĴďăďĮĮÅÐåďīÐðĊÆďĉÐ

ĴŘÐĮåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠĮåďăăďœĮȧðĊĉðăăðďĊĮȨȚ

2022 2021 2020

AĊÆďĉÐĴŘÅÐĊÐťĴĴĮĴĴķĴďīřīĴÐ

$ ȧǨǡ)$ ȧǤǤ)$ ȧǢǨǧ

)

wĴĴÐðĊÆďĉÐĴŘșĊÐĴďååÐÌÐīăÅÐĊÐťĴ

ǠǢ ȧǢǥ) ȧǦǠ

)

UďĊÌÐÌķÆĴðÅăÐÐŘĨÐĊĮÐĮ

ǧǤǤ

UÐĴďĨÐīĴðĊæăďĮĮÆīīřÅÆā

——ȧǦǢ)

9ďīÐðæĊĴŘÆīÐÌðĴīÐȭÆìīÆĴÐīðšĴðďĊ

——ȧǠǢ)

Foreign rate differential

ǣȧǤ) ǡ

Valuation allowance

ȧǡ) ǣǠǟ

ĊīÐÆďæĊðšÐÌĴŘÅÐĊÐťĴ

ȧǢ) ǦȧǢ)

ZĴìÐīșĊÐĴ

ȧǢ) ȧǠ) ǡ

TOTAL INCOME TAX BENEFIT

$ (75) $ ȧǧǠ) $ (539)

85JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

}ìÐÆďĉĨďĊÐĊĴĮďåďķīÌÐåÐīīÐÌĴŘĮĮÐĴĮĊÌăðÅðăðĴðÐĮĮďå#ÐÆÐĉÅÐīǢǠīÐĮåďăăďœĮȧðĊĉðăăðďĊĮȨȚ

2022 2021

Deferred tax assets:

Deferred revenue/gains

$ ǡǦǠ $ ǢǟǠ

'ĉĨăďřÐÐÅÐĊÐťĴĮ

Ǧǡ Ǧǟ

Foreign tax credit

Ǧǧ ǧǢ

Other Credits

ǣǣ

UÐĴďĨÐīĴðĊæăďĮĮÆīīřåďīœīÌ

ǦǟǨ Ǥǡǡ

Interest expense limitation carryforward

ǡǨ —

Operating lease liabilities

ǠǨǣ ǠǧǨ

tÐĊĴÐŘĨÐĊĮÐ

ǧǣ Ǡǟǧ

}īĊĮÆĴðďĊďĮĴĮ

ǠǢ —

wÐÆȘǠǦǣīÐĮÐīÆìÆĴðŒðĴðÐĮ

Ǡǥ —

Other

ǡǟ ǠǦ

}ďĴăÌÐåÐīīÐÌĴŘĮĮÐĴĮ

ǠșǣǨǟ ǠșǡǨǣ

Valuation allowance

ȧǨǟ) ȧǦǢ)

#ÐåÐīīÐÌĴŘĮĮÐĴĮșĊÐĴ

Ǡșǣǟǟ ǠșǡǡǠ

Deferred tax liabilities:

Property and Equipment

ȧǠșǨǥǢ) ȧǠșǧǣǤ)

Operating lease assets

ȧǠǦǢ) ȧǠǧǡ)

Other

ȧǢǣ) ȧǢǦ)

}ďĴăÌÐåÐīīÐÌĴŘăðÅðăðĴðÐĮ

ȧǡșǠǦǟ) ȧǡșǟǥǣ)

NET DEFERRED TAX LIABILITY

$ (770) $ ȧǧǣǢ)

ÐìŒÐȘwȘåďīÐðæĊĴŘÆīÐÌðĴÆīīřåďīœīÌďåɄǦǧĉðăăðďĊœìðÆì

ÐŘĨðīÐĮåīďĉǡǟǡǢĴďǡǟǢǡȘ

AĊÐŒăķĴðĊæĴìÐīÐăðšÅðăðĴřďåĴìÐÌÐåÐīīÐÌĴŘĮĮÐĴĮșœÐ

ĮĮÐĮĮœìÐĴìÐīðĴðĮĉďīÐăðāÐăřĴìĊĊďĴĴìĴĮďĉÐĨďīĴðďĊșďī

ăășďåĴìÐÌÐåÐīīÐÌĴŘĮĮÐĴĮșœðăăÅÐīÐăðšÐÌȘÐÆďĊĮðÌÐīșĉďĊæ

ďĴìÐīĴìðĊæĮșĴìÐæÐĊÐīĴðďĊďååķĴķīÐĴŘÅăÐðĊÆďĉÐȧðĊÆăķÌðĊæ

reversals of deferred tax liabilities) during the periods in which

ĴìÐīÐăĴÐÌĴÐĉĨďīīřÌðååÐīÐĊÆÐĮœðăăÅÐÆďĉÐÌÐÌķÆĴðÅăÐȘĴ

#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐĨīďŒðÌÐÌɄǨǟĉðăăðďĊŒăķĴðďĊăăďœĊÆÐ

to reduce the deferred tax assets to an amount that we consider

ðĮĉďīÐăðāÐăřĴìĊĊďĴĴďÅÐīÐăðšÐÌȘZåĴìÐĴďĴăŒăķĴðďĊ

ăăďœĊÆÐșɄǧǡĉðăăðďĊīÐăĴÐĮĴďåďīÐðæĊUZOÆīīřåďīœīÌșĊÌɄǧ

ĉðăăðďĊīÐăĴÐĮĴďȘwȘåďīÐðæĊĴŘÆīÐÌðĴÆīīřåďīœīÌĴìĴÅÐæðĊĮ

ĴďÐŘĨðīÐðĊǡǟǡǡȘ

īÐÆďĊÆðăðĴðďĊďåĴìÐÅÐæðĊĊðĊæĊÌÐĊÌðĊæĉďķĊĴďåķĊīÐÆďæĊðšÐÌĴŘÅÐĊÐťĴĮðĮĮåďăăďœĮȧðĊĉðăăðďĊĮȨȚ

2022 2021 2020

ĊīÐÆďæĊðšÐÌĴŘÅÐĊÐťĴĮĴLĊķīřǠș

$ 40 $ 32 $ 36

AĊÆīÐĮÐĮåďīĴŘĨďĮðĴðďĊĮĴāÐĊÌķīðĊæĴìÐĨÐīðďÌ Ǥ ǡ Ǡ

#ÐÆīÐĮÐĮåďīĴŘĨďĮðĴðďĊĮĴāÐĊÌķīðĊæĴìÐĨÐīðďÌ ȧǥ) ȧǠ

)

—

AĊÆīÐĮÐĮåďīĴŘĨďĮðĴðďĊĮĴāÐĊÌķīðĊæĨīðďīĨÐīðďÌ — ǠǨ —

#ÐÆīÐĮÐĮåďīĴŘĨďĮðĴðďĊĮĴāÐĊÌķīðĊæĨīðďīĨÐīðďÌ

ȧǠǢ) ȧǠǡ) ȧǤ)

UNRECOGNIZED TAX BENEFITS DECEMBER 31,

$ 26 $ 40 $ 32

86 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

AĊĴÐīÐĮĴĊÌĨÐĊăĴðÐĮÆÆīķÐÌďĊķĊīÐÆďæĊðšÐÌĴŘÅÐĊÐťĴĮœÐīÐ

ĊďĴĮðæĊðťÆĊĴȘAåīÐÆďæĊðšÐÌșɄǧĉðăăðďĊďåĴìÐķĊīÐÆďæĊðšÐÌĴŘ

ÅÐĊÐťĴĮĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡœďķăÌðĉĨÆĴďķīÐååÐÆĴðŒÐĴŘ

īĴÐȘÐÌďĊďĴÐŘĨÐÆĴĊřĮðæĊðťÆĊĴÆìĊæÐðĊĴìÐĉďķĊĴďå

ĴìÐķĊīÐÆďæĊðšÐÌĴŘÅÐĊÐťĴĮœðĴìðĊĴìÐĊÐŘĴĴœÐăŒÐĉďĊĴìĮȘĮ

a result of net operating losses and statute of limitations in our

ĉþďīĴŘþķīðĮÌðÆĴðďĊĮșřÐīĮǡǟǠǥĴìīďķæìǡǟǡǟīÐĉðĊĮķÅþÐÆĴ

ĴďÐŘĉðĊĴðďĊÅřĴìÐīÐăÐŒĊĴĴŘķĴìďīðĴðÐĮȘ

NOTE 9 Crewmember Retirement Plan

ÐĮĨďĊĮďīīÐĴðīÐĉÐĊĴĮŒðĊæĮǣǟǠȧāȨÌÐťĊÐÌÆďĊĴīðÅķĴðďĊĨăĊș

ďīĴìÐqăĊșÆďŒÐīðĊæăăďåďķīÆīÐœĉÐĉÅÐīĮœìÐīÐœÐĉĴÆì

ǠǟǟɦďåďķīÆīÐœĉÐĉÅÐīÆďĊĴīðÅķĴðďĊĮķĨĴďǤɦďåĴìÐðīÐăðæðÅăÐ

œæÐĮȘ}ìÐÆďĊĴīðÅķĴðďĊĮŒÐĮĴďŒÐīĴìīÐÐřÐīĮĊÌīÐĉÐĮķīÐÌ

åīďĉÆīÐœĉÐĉÅÐīȸĮìðīÐÌĴÐȘīÐœĉÐĉÅÐīĮīÐðĉĉÐÌðĴÐăř

ŒÐĮĴÐÌðĊĴìÐðīŒďăķĊĴīřÆďĊĴīðÅķĴðďĊĮȘ

Another component of the Plan is a Company discretionary

ÆďĊĴīðÅķĴðďĊďåǤɦďåÐăðæðÅăÐĊďĊȭĉĊæÐĉÐĊĴÆīÐœĉÐĉÅÐī

ÆďĉĨÐĊĮĴðďĊșœìðÆìœÐīÐåÐīĴďĮtÐĴðīÐĉÐĊĴqăķĮȘtÐĴðīÐĉÐĊĴ

qăķĮ contributions vest over three years and are measured from

ÆīÐœĉÐĉÅÐīȸĮìðīÐÌĴÐȘ

ÐīĴðĊ 9ÐÌÐīă ŒðĴðďĊ ÌĉðĊðĮĴīĴðďĊș ďī 9șăðÆÐĊĮÐÌ

ÆīÐœĉÐĉÅÐīĮīÐÆÐðŒÐĊÌÌðĴðďĊăÆďĊĴīðÅķĴðďĊďåǢɦďåÐăðæðÅăÐ

ÆďĉĨÐĊĮĴðďĊșœìðÆìœÐīÐåÐīĴďĮtÐĴðīÐĉÐĊĴÌŒĊĴæÐȘ

'ååÐÆĴðŒÐķæķĮĴǠșǡǟǠǧĊÌĴìīďķæì#ÐÆÐĉÅÐīǢǠșǡǟǡǟșďķī

ĨðăďĴĮīÐÆÐðŒÐÌĊďĊȭÐăÐÆĴðŒÐďĉĨĊřÆďĊĴīðÅķĴðďĊďåǠǤɦ

ďåÐăðæðÅăÐĨðăďĴÆďĉĨÐĊĮĴðďĊĨÐīĴìÐĴÐīĉĮďåĴìÐåðĊăðšÐÌ

collective bargaining agreement between JetBlue and the

ðīOðĊÐqðăďĴĮĮĮďÆðĴðďĊșďīOqșðĊăðÐķďåĴìÐÅďŒÐǣǟǠȧāȨ

ďĉĨĊřĉĴÆìðĊæÆďĊĴīðÅķĴðďĊștÐĴðīÐĉÐĊĴqăķĮșĊÌtÐĴðīÐĉÐĊĴ

ÌŒĊĴæÐÆďĊĴīðÅķĴðďĊĮȘ}ìðĮĊďĊȭÐăÐÆĴðŒÐďĉĨĊřÆďĊĴīðÅķĴðďĊ

œĮðĊÆīÐĮÐÌĴďǠǥɦÅÐæðĊĊðĊæďĊLĊķīřǠșǡǟǡǠȘ}ìÐďĉĨĊřȸĮ

non-elective contribution of eligible pilot compensation vests

åĴÐīĴìīÐÐřÐīĮďåĮÐīŒðÆÐȘ

ZķīĊďĊȭĉĊæÐĉÐĊĴÆīÐœĉÐĉÅÐīĮīÐÐăðæðÅăÐĴďīÐÆÐðŒÐĨīďťĴ

ĮìīðĊæșÆăÆķăĴÐÌĮǠǟɦďåÌþķĮĴÐÌĨīÐȭĴŘðĊÆďĉÐÅÐåďīÐ

ĨīďťĴĮìīðĊæĊÌĮĨÐÆðăðĴÐĉĮķĨĴďĨīÐȭĴŘĉīæðĊďåǠǧɦ

with the result reduced by tÐĴðīÐĉÐĊĴqăķĮ contributions and the

equivalent of tÐĴðīÐĉÐĊĴqăķĮÆďĊĴīðÅķĴðďĊĮåďīĨðăďĴĮȘAåLÐĴăķÐȸĮ

īÐĮķăĴðĊæĨīÐȭĴŘ ĉīæðĊ ÐŘÆÐÐÌĮ Ǡǧɦș ĊďĊȭĉĊæÐĉÐĊĴ

ÆīÐœĉÐĉÅÐīĮœðăăīÐÆÐðŒÐǡǟɦĨīďťĴĮìīðĊæďĊĉďķĊĴĮÅďŒÐ

ĊǠǧɦĨīÐȭĴŘĉīæðĊȘ

}ďĴă ǣǟǠȧāȨÆďĉĨĊř ĉĴÆìș tÐĴðīÐĉÐĊĴqăķĮș tÐĴðīÐĉÐĊĴ

ÌŒĊĴæÐșĨðăďĴīÐĴðīÐĉÐĊĴÆďĊĴīðÅķĴðďĊșĊÌĨīďåðĴĮìīðĊæ

ÐŘĨÐĊĮÐÌåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟ

œÐīÐɄǡǣǨĉðăăðďĊșɄǡǠǢĉðăăðďĊșĊÌɄǠǦǦĉðăăðďĊșīÐĮĨÐÆĴðŒÐăřȘ

NOTE 10 Commitments

Flight Equipment Commitments

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșďķīåðīĉðīÆīåĴďīÌÐīĮÆďĊĮðĮĴÐÌ

ďåǥǡɁðīÅķĮǢǡǠĊÐďðīÆīåĴĊÌǧǥðīÅķĮǡǡǟðīÆīåĴșăă

ĮÆìÐÌķăÐÌåďīÌÐăðŒÐīřĴìīďķæìǡǟǡǧȘAĊ9ÐÅīķīřǡǟǡǡșœÐ

ÐŘÐīÆðĮÐÌďķīďĨĴðďĊĴďĨķīÆìĮÐǢǟÌÌðĴðďĊăðīÅķĮǡǡǟȭǢǟǟ

ðīÆīåĴķĊÌÐīďķīÐŘðĮĴðĊææīÐÐĉÐĊĴœðĴìðīÅķĮĊÌOðĉðĴÐÌ

qīĴĊÐīĮìðĨȘ}ìÐǢǟÌÌðĴðďĊăǡǡǟȭǢǟǟðīÆīåĴīÐÐŘĨÐÆĴÐÌĴď

ÅÐÌÐăðŒÐīÐÌåīďĉǡǟǡǢĴďǡǟǡǥȘZĨĴðďĊĮåďīǡǟÌÌðĴðďĊăǡǡǟȭ

ǢǟǟðīÆīåĴīÐĉðĊŒðăÅăÐĴďķĮȘðĴìĴìÐÌÌðĴðďĊďåĴìÐĮÐ

ǢǟɁðīÅķĮǡǡǟðīÆīåĴșďķīŦðæìĴÐĪķðĨĉÐĊĴĨķīÆìĮÐďÅăðæĴðďĊĮ

īÐÐŘĨÐÆĴÐÌĴďÅÐɄǠȘǥÅðăăðďĊðĊǡǟǡǢșɄǡȘǠÅðăăðďĊðĊǡǟǡǣș

ɄǠȘǧɁÅðăăðďĊǡǟǡǤșɄǠȘǣÅðăăðďĊðĊǡǟǡǥșĊÌɄǠÅðăăðďĊĴìÐīÐåĴÐīȘ#ķÐ

ĴďðīÅķĮÌÐăðŒÐīřÌÐăřĮșďķīÆĨÆðĴřĨăĊĊðĊæĮĮķĉÐĮÌÐăðŒÐīř

ďåǠǠȭǡǡǟșǣȭǢǡǠĊÐďșĊÌǣǢǡǠĊÐďOtðīÆīåĴĮðĊǡǟǡǢȘ

AĊZÆĴďÅÐīǡǟǠǨșĴìÐZååðÆÐďåĴìÐȘwȘ}īÌÐtÐĨīÐĮÐĊĴĴðŒÐ

ĊĊďķĊÆÐÌ  Ǡǟɦ Ĵīðåå ďĊ ĊÐœ ÆďĉĉÐīÆðă ðīÆīåĴ ĊÌ

īÐăĴÐÌĨīĴĮðĉĨďīĴÐÌåīďĉÆÐīĴðĊ'ķīďĨÐĊĊðďĊĉÐĉÅÐī

ĮĴĴÐĮșœìðÆìðĊÆăķÌÐðīÆīåĴĊÌďĴìÐīĨīĴĮœÐœÐīÐăīÐÌř

ÆďĊĴīÆĴķăăřďÅăðæĴÐÌĴďĨķīÆìĮÐșðĊÆăķÌðĊæĴìďĮÐĊďĴÐÌ

ÅďŒÐȘ}ìÐȘwȘ }īÌÐtÐĨīÐĮÐĊĴĴðŒÐðĊÆīÐĮÐÌĴìÐĴīðåå

ĴďǠǤɦÐååÐÆĴðŒÐTīÆìǡǟǡǟȘAĊTīÆìǡǟǡǠșĴìÐȘwȘ}īÌÐ

tÐĨīÐĮÐĊĴĴðŒÐĊĊďķĊÆÐÌåďķīȭĉďĊĴìĮķĮĨÐĊĮðďĊďåĴìÐ

ĴīðååĴìĴœĮåďăăďœÐÌÅřĊĊĊďķĊÆÐĉÐĊĴðĊLķĊÐǡǟǡǠĴìĴ

ĴìÐĮķĮĨÐĊĮðďĊœðăăÅÐÐŘĴÐĊÌÐÌåďīťŒÐřÐīĮȘ}ìÐðĉĨďĮðĴðďĊďī

re-imposition of this or any tariff could substantially increase the

ÆďĮĴďåĊÐœðīÆīåĴĊÌĨīĴĮȘ

Other Commitments

ÐķĴðăðšÐĮÐŒÐīăÆīÐÌðĴÆīÌĨīďÆÐĮĮďīĮĴďĨīďÆÐĮĮďķīĴðÆāÐĴ

ĮăÐĮȘZķīæīÐÐĉÐĊĴĮœðĴìĴìÐĮÐĨīďÆÐĮĮďīĮÌďĊďĴÆďĊĴðĊ

ÆďŒÐĊĊĴĮșÅķĴÌďæÐĊÐīăăřăăďœĴìÐĨīďÆÐĮĮďīĴďœðĴììďăÌ

cash reserves to protect the processor from potential liability for

ĴðÆāÐĴĮĨķīÆìĮÐÌșÅķĴĊďĴřÐĴķĮÐÌåďīĴīŒÐăȘìðăÐœÐÆķīīÐĊĴăř

do not have any collateral requirements related to our credit card

ĨīďÆÐĮĮďīĮșœÐĉřÅÐīÐĪķðīÐÌĴďðĮĮķÐÆďăăĴÐīăĴďďķīÆīÐÌðĴ

ÆīÌĨīďÆÐĮĮďīĮșďīďĴìÐīāÐřÅķĮðĊÐĮĮĨīĴĊÐīĮșðĊĴìÐåķĴķīÐȘ

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐìÌĨĨīďŘðĉĴÐăřɄǣǠĉðăăðďĊÆĮì

ĨăÐÌæÐÌīÐăĴÐÌĴďďķīœďīāÐīĮȸÆďĉĨÐĊĮĴðďĊðĊĮķīĊÆÐĨďăðÆðÐĮ

ĊÌďĴìÐīÅķĮðĊÐĮĮĨīĴĊÐīæīÐÐĉÐĊĴĮșœìðÆìœðăăÐŘĨðīÐ

ÆÆďīÌðĊæĴďĴìÐĴÐīĉĮďåĴìÐīÐăĴÐÌĨďăðÆðÐĮďīæīÐÐĉÐĊĴĮȘ

AĊĨīðăǡǟǠǧșLÐĴăķÐðĊåăðæìĴÆīÐœĉÐĉÅÐīĮÐăÐÆĴÐÌĴďÅÐ

īÐĨīÐĮÐĊĴÐÌÅřĴìÐ}īĊĮĨďīĴďīāÐīĮĊðďĊďåĉÐīðÆȧȵ}ȶȨȘ

}ìÐUĴðďĊăTÐÌðĴðďĊďīÌȧȵUTȶȨÆÐīĴðťÐÌĴìÐ}ĮĴìÐ

īÐĨīÐĮÐĊĴĴðŒÐåďīLÐĴăķÐðĊŦðæìĴÆīÐœĉÐĉÅÐīĮȘ}ìÐĨīĴðÐĮ

īÐÆìÐÌťĊăæīÐÐĉÐĊĴåďīĴìÐťīĮĴÆďăăÐÆĴðŒÐÅīæðĊðĊæ

agreement which was ratified by our inflight crewmembers

ðĊ#ÐÆÐĉÅÐīǡǟǡǠȘ}ìÐæīÐÐĉÐĊĴðĮåðŒÐȭřÐīșīÐĊÐœÅăÐ

ÆďĊĴīÆĴÐååÐÆĴðŒÐ#ÐÆÐĉÅÐīǠǢșǡǟǡǠȘ#ķīðĊæĴìÐåďķīĴìĪķīĴÐī

ďåǡǟǡǠșœÐīÐÆďīÌÐÌďĊÐȭĴðĉÐīĴðåðÆĴðďĊÅďĊķĮĴďĴăðĊæ

ɄǧĉðăăðďĊĴďÅÐăăďÆĴÐÌĉďĊæĮĴďķīðĊŦðæìĴÆīÐœĉÐĉÅÐīĮ

ĮÌÐĴÐīĉðĊÐÌÅř}ȘtÐåÐīĴďUďĴÐǠǥĴďďķīÆďĊĮďăðÌĴÐÌ

ťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīÌÌðĴðďĊăðĊåďīĉĴðďĊȘ

87JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡșĨĨīďŘðĉĴÐăřǣǧɦďåďķīåķăăȭĴðĉÐ

equivalent crewmembers were represented by labor unions

ĊÌĨĨīďŘðĉĴÐăřǡǠɦœÐīÐÆďŒÐīÐÌÅřÆďăăÐÆĴðŒÐÅīæðĊðĊæ

agreements that are currently amendable or that will become

ĉÐĊÌÅăÐœðĴìðĊďĊÐřÐīȘ

Except for our pilots and inflight crewmembers who are

īÐĨīÐĮÐĊĴÐÌÅřðīăðĊÐqðăďĴĮĮĮďÆðĴðďĊȧȵOqȶȨșĊÌ}ș

īÐĮĨÐÆĴðŒÐăřșďķīďĴìÐīåīďĊĴăðĊÐÆīÐœĉÐĉÅÐīĮÌďĊďĴìŒÐĴìðīÌ

ĨīĴřīÐĨīÐĮÐĊĴĴðďĊȘ

AĊĨīðăǡǟǡǠșOqșďĊÅÐìăåďåĴìÐLÐĴăķÐĨðăďĴæīďķĨșťăÐÌ

æīðÐŒĊÆÐīÐăĴðĊæĴďĴìÐUďīĴìÐĮĴăăðĊÆÐȧȵU'ȶȨșOq

ÆăðĉĮĴìĴðĊÐĊĴÐīðĊæĴìÐU'șLÐĴăķÐŒðďăĴÐÌÆÐīĴðĊĮÆďĨÐ

ÆăķĮÐĮĮÆďĊĴðĊÐÌðĊĴìÐĨðăďĴĮȸOqÆďăăÐÆĴðŒÐÅīæðĊðĊæ

æīÐÐĉÐĊĴȘ}ìÐĉĴĴÐīĨīďÆÐÐÌÐÌĴďīÅðĴīĴðďĊĨķīĮķĊĴĴď

the grievance procedure contained in the collective bargaining

æīÐÐĉÐĊĴșœìðÆìÆďĊÆăķÌÐÌðĊwÐĨĴÐĉÅÐīǡǟǡǠșĊÌðĊLĊķīř

ǡǟǡǡșĴìÐĨīĴðÐĮĮķÅĉðĴĴÐÌťĊășœīðĴĴÐĊÅīðÐåĮĴďĴìÐwřĮĴÐĉ

ďīÌďåÌþķĮĴĉÐĊĴȘwìďīĴăřåĴÐīĮķÅĉðĮĮðďĊďåĴìÐÅīðÐåĮș

the parties agreed to enter into non-binding mediation with

the assistance of the arbitrator with a temporary hold on a

wřĮĴÐĉďīÌÌÐÆðĮðďĊȘĮīÐĮķăĴďåĴìÐĉÐÌðĴðďĊĨīďÆÐĮĮșĴìÐ

parties agreed to certain changes to the collective bargaining

æīÐÐĉÐĊĴȘ}ìÐæīÐÐĉÐĊĴșīĴðťÐÌÅřĴìÐLÐĴăķÐĨðăďĴæīďķĨðĊ

ĨīðăǡǟǡǡșðĊÆăķÌÐÌďĊÐȭĴðĉÐĨřĉÐĊĴĊÌĮĮďÆðĴÐÌĨřīďăă

ĴŘÐĮďåɄǢǡĉðăăðďĊșĨðÌĊÌīÐÆďīÌÐÌĮĊÐŘĨÐĊĮÐœðĴìðĊ

ĮĨÐÆðăðĴÐĉĮðĊĴìÐĮÐÆďĊÌĪķīĴÐīďåǡǟǡǡșĊÌǢɦÅĮÐĨř

ðĊÆīÐĮÐÐååÐÆĴðŒÐTřǠșǡǟǡǡȘAĊLĊķīřǡǟǡǢșLÐĴăķÐĨðăďĴĮ

approved a two year contract extension which included a one

ĴðĉÐĨřĉÐĊĴĊÌĮĮďÆðĴÐÌĨřīďăăĴŘÐĮďåɄǥǥĉðăăðďĊșĊÌ

ǡǠɦÅĮÐĨřðĊÆīÐĮÐÐååÐÆĴðŒÐTīÆìǢǠșǡǟǡǢȘÐÌðÌĊďĴ

ÆÆīķÐåďīĴìðĮďĊÐĴðĉÐĨřĉÐĊĴĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĮ

ðĴīÐăĴÐĮĴďǡǟǡǢÆďĉĨÐĊĮĴðďĊĊÌðĮďĊăřĨĨăðÆÅăÐĴďĨðăďĴĮ

ÐĉĨăďřÐÌĮďå9ÐÅīķīřǠșǡǟǡǢȘ

AĊwÐĨĴÐĉÅÐīǡǟǡǡșĴìÐAĊĴÐīĊĴðďĊăĮĮďÆðĴðďĊďåTÆìðĊðĮĴĮ

ĊÌÐīďĮĨÆÐďīāÐīĮåðăÐÌåďīĊÐăÐÆĴðďĊĴďķĊðďĊðšÐďķī

æīďķĊÌďĨÐīĴðďĊĮ ÆīÐœĉÐĉÅÐīĮȘAĊ 9ÐÅīķīř ǡǟǡǢșďķī

crewmembers voted to maintain our direct relationship rather

ĴìĊÐăÐÆĴķĊðďĊȘ

We enter into individual employment agreements with each of

ďķīĊďĊȭķĊðďĊðšÐÌ9ȭăðÆÐĊĮÐÌÆīÐœĉÐĉÅÐīĮœìðÆìðĊÆăķÌÐ

ÌðĮĨĴÆìÐīĮșĴÐÆìĊðÆðĊĮșĊÌðĊĮĨÐÆĴďīĮĮœÐăăĮðīĴīŨÆ

ÆďĊĴīďăăÐīĮȘ'ÆìÐĉĨăďřĉÐĊĴæīÐÐĉÐĊĴðĮåďīĴÐīĉďåťŒÐ

years and automatically renews for an additional five years

unless either the crewmember or we elect not to renew it by

æðŒðĊæĴăÐĮĴǨǟÌřĮȸĊďĴðÆÐÅÐåďīÐĴìÐÐĊÌďåĴìÐīÐăÐŒĊĴ

ĴÐīĉȘqķīĮķĊĴĴďĴìÐĮÐæīÐÐĉÐĊĴĮșĴìÐĮÐÆīÐœĉÐĉÅÐīĮ

ÆĊďĊăřÅÐĴÐīĉðĊĴÐÌåďīÆķĮÐȘAĊĴìÐÐŒÐĊĴďåÌďœĊĴķīĊ

ðĊďķīÅķĮðĊÐĮĮĴìĴœďķăÌīÐĪķðīÐīÐÌķÆĴðďĊðĊœďīāìďķīĮș

we are obligated to pay these crewmembers a guaranteed level

ďåðĊÆďĉÐĊÌĴďÆďĊĴðĊķÐĴìÐðīÅÐĊÐťĴĮðåĴìÐřÌďĊďĴďÅĴðĊ

ďĴìÐīŒðĴðďĊÐĉĨăďřĉÐĊĴȘ

AĊ9ÐÅīķīřǡǟǡǡșœÐÐŘÐÆķĴÐÌĊÐœăÐĮÐåďīďķīĨīðĉīðăř

ÆďīĨďīĴÐďŨÆÐĮĴìĴœðăăÐŘĴÐĊÌďķīĮĴřðĊĴìÐĨīÐĮÐĊĴOďĊæ

AĮăĊÌðĴřăďÆĴðďĊķĊĴðăǡǟǢǨȘ}ìÐĴÐīĉďåĴìðĮăÐĮÐœðăăÅÐæðĊ

ðĊǡǟǡǢȘ}ìÐĊÐœăÐĮÐðĊÆīÐĮÐÌďķīăÐĮÐÆďĉĉðĴĉÐĊĴĮÅř

ĨĨīďŘðĉĴÐăřɄǢĉðăăðďĊðĊǡǟǡǣșɄǥĉðăăðďĊðĊǡǟǡǤșɄǧĉðăăðďĊ

ðĊǡǟǡǥșĊÌĊĊĴðÆðĨĴÐÌăÐĮÐÐŘĨÐĊÌðĴķīÐďåɄǠǟǟĉðăăðďĊ

ĴìÐīÐåĴÐīȘÐìŒÐďĊÐȭĴðĉÐďĨĴðďĊĴďĴÐīĉðĊĴÐĴìÐăÐĮÐ

ðĊǡǟǢǣȘĴĴìÐÐĊÌďåĴìÐðĊðĴðăăÐĮÐĴÐīĉșœÐìŒÐĴìÐďĨĴðďĊ

ĴďīÐĊÐœĴìÐăÐĮÐåďīÐðĴìÐīďĊÐīÐĊÐœăĴÐīĉďåǠǟřÐīĮșďī

ĴœďɁīÐĊÐœăĴÐīĉĮďåťŒÐřÐīĮÐÆìȘ

AĊĨīðăǡǟǡǡșœÐĊĊďķĊÆÐÌĊæīÐÐĉÐĊĴœðĴìÐĉÐĴðĮåďīðĴ

ĴďĮķĨĨăřķĮœðĴìǠǡǤĉðăăðďĊæăăďĊĮďåw9ďŒÐīĴÐĊȭřÐīĴÐīĉ

œðĴìĴīæÐĴĮĴīĴÌĴÐďåǡǟǡǤȘ

NOTE 11 Contingencies

We self-insure a portion of our losses from claims related to

œďīāÐīĮȸÆďĉĨÐĊĮĴðďĊșÐĊŒðīďĊĉÐĊĴăðĮĮķÐĮșĨīďĨÐīĴřÌĉæÐș

ĉÐÌðÆăðĊĮķīĊÆÐåďīÆīÐœĉÐĉÅÐīĮșĊÌæÐĊÐīăăðÅðăðĴřȘOďĮĮÐĮ

are accrued based on an estimate of the ultimate aggregate

ăðÅðăðĴřåďīÆăðĉĮðĊÆķīīÐÌșķĮðĊæĮĴĊÌīÌðĊÌķĮĴīřĨīÆĴðÆÐĮ

ĊÌďķīÆĴķăÐŘĨÐīðÐĊÆÐȘ

We are a party to many routine contracts under which we

ðĊÌÐĉĊðåřĴìðīÌĨīĴðÐĮåďīŒīðďķĮīðĮāĮȘ}ìÐĮÐðĊÌÐĉĊðĴðÐĮ

consist of the following:

ăăďåďķīÅĊāăďĊĮșðĊÆăķÌðĊæďķīðīÆīåĴĉďīĴææÐĮșďÅăðæĴÐ

ķĮĴďīÐðĉÅķīĮÐĴìÐÅĊāåďīĊřðĊÆīÐĮÐÌÆďĮĴĮīðĮðĊæåīďĉ

īÐæķăĴďīřÆìĊæÐĮșðĊÆăķÌðĊæÆìĊæÐĮðĊīÐĮÐīŒÐīÐĪķðīÐĉÐĊĴĮĊÌ

ÅĊāÆĨðĴăīÐĪķðīÐĉÐĊĴĮțĴìÐĮÐďÅăðæĴðďĊĮīÐĮĴĊÌīÌĴÐīĉĮ

ĨīÐĮÐĊĴðĊăďĊĮďåĴìðĮĴřĨÐȘ}ìÐĮÐðĊÌÐĉĊðĴðÐĮœďķăÌðĊÆīÐĮÐĴìÐ

ðĊĴÐīÐĮĴīĴÐďĊďķīÌÐÅĴðåĴìÐřœÐīÐĴďÅÐĴīðææÐīÐÌȘAĊăăÆĮÐĮș

œÐìŒÐĴìÐďĨĴðďĊĴďīÐĨřĴìÐăďĊĊÌŒďðÌĴìÐðĊÆīÐĮÐÌÆďĮĴĮȘ

}ìÐĮÐĴÐīĉĮĉĴÆìĴìÐăÐĊæĴìďåĴìÐīÐăĴÐÌăďĊķĨĴďǠǤřÐīĮȘ

ĊÌÐīÅďĴìðīÆīåĴăÐĮÐĮœðĴìåďīÐðæĊăÐĮĮďīĮĊÌðīÆīåĴ

ĉďīĴææÐĮœðĴìåďīÐðæĊăÐĊÌÐīĮșœÐìŒÐæīÐÐÌĴďÆķĮĴďĉīř

ðĊÌÐĉĊðĴðÐĮÆďĊÆÐīĊðĊæœðĴììďăÌðĊæĴŘăœÆìĊæÐĮȘĊÌÐī

ĴìÐĮÐÆďĊĴīÆĴĮœÐīÐīÐĮĨďĊĮðÅăÐșĮìďķăÌœðĴììďăÌðĊæĴŘÐĮÅÐ

ðĉĨďĮÐÌșåďīĨřðĊæĮķÆìĉďķĊĴďåÌÌðĴðďĊăīÐĊĴďīðĊĴÐīÐĮĴĮ

ðĮĊÐÆÐĮĮīřĴďÐĊĮķīÐĴìĴĴìÐăÐĮĮďīďīăÐĊÌÐīĮĴðăăīÐÆÐðŒÐĮșåĴÐī

ĴŘÐĮșĴìÐīÐĊĴĮĴðĨķăĴÐÌðĊĴìÐăÐĮÐďīĴìÐðĊĴÐīÐĮĴĮĴðĨķăĴÐÌ

ķĊÌÐīĴìÐăďĊȘ}ìÐĴÐīĉďåĴìÐĮÐðĊÌÐĉĊðĴðÐĮĉĴÆìÐĮĴìÐăÐĊæĴì

ďåĴìÐīÐăĴÐÌăÐĮÐďīăďĊķĨĴďǡǤřÐīĮȘ

We have various leases with respect to real property as well as

various agreements among airlines relating to fuel consortia or

åķÐăåīĉĮĴðīĨďīĴĮȘĊÌÐīĴìÐĮÐÆďĊĴīÆĴĮœÐìŒÐæīÐÐÌĴď

standard language indemnifying the lessor against environmental

liabilities associated with the real property or operations described

ķĊÌÐīĴìÐæīÐÐĉÐĊĴșÐŒÐĊðåœÐīÐĊďĴĴìÐĨīĴřīÐĮĨďĊĮðÅăÐ

åďīĴìÐðĊðĴðăÐŒÐĊĴĴìĴÆķĮÐÌĴìÐÐĊŒðīďĊĉÐĊĴăÌĉæÐȘ

AĊĴìÐÆĮÐďååķÐăÆďĊĮďīĴðĴðīĨďīĴĮșĴìÐĮÐðĊÌÐĉĊðĴðÐĮīÐ

æÐĊÐīăăřþďðĊĴĊÌĮÐŒÐīăĉďĊæĴìÐĨīĴðÆðĨĴðĊæðīăðĊÐĮȘÐ

have purchased a standalone environmental liability insurance

ĨďăðÆřĴďìÐăĨĉðĴðæĴÐĴìðĮÐŘĨďĮķīÐȘZķīÐŘðĮĴðĊæŒðĴðďĊìķăăĊÌ

liability policy includes some limited environmental coverage when

ÆăÐĊķĨðĮĨīĴďåĊĮĮďÆðĴÐÌĮðĊæăÐðÌÐĊĴðťÅăÐÆďŒÐīÐÌăďĮĮȘ

88 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

ĊÌÐīÆÐīĴðĊÆďĊĴīÆĴĮșœÐðĊÌÐĉĊðåřĮĨÐÆðťÐÌĨīĴðÐĮæðĊĮĴ

ăÐæăăðÅðăðĴřīðĮðĊæďķĴďåÆĴðďĊĮÅřďĴìÐīĨīĴðÐĮȘ}ìÐĴÐīĉĮďå

ĴìÐĮÐÆďĊĴīÆĴĮīĊæÐķĨĴďǡǤřÐīĮȘ:ÐĊÐīăăřșœÐìŒÐăðÅðăðĴř

insurance protecting ourselves for the obligations we have

ķĊÌÐīĴāÐĊīÐăĴðŒÐĴďĴìÐĮÐðĊÌÐĉĊðĴðÐĮȘ

We are unable to estimate the potential amount of future

ĨřĉÐĊĴĮķĊÌÐīĴìÐåďīÐæďðĊæðĊÌÐĉĊðĴðÐĮĊÌæīÐÐĉÐĊĴĮȘ

ĊÌÐīÆÐīĴðĊĊķĉÅÐīďåďķīďĨÐīĴðĊæăÐĮÐæīÐÐĉÐĊĴĮ

we are required to restore certain property or equipment to

ðĴĮďīðæðĊăåďīĉķĨďĊÐŘĨðīĴðďĊďåĴìÐīÐăĴÐÌæīÐÐĉÐĊĴȘÐ

have recorded the estimated fair value of these retirement

ďÅăðæĴðďĊĮďåĨĨīďŘðĉĴÐăřɄǥĉðăăðďĊðĊZĴìÐīœðĴìðĊ#ÐåÐīīÐÌ

}ŘÐĮĊÌZĴìÐīOðÅðăðĴðÐĮďĊďķīÆďĊĮďăðÌĴÐÌÅăĊÆÐĮìÐÐĴĮ

Įďå#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡȘ

Legal Matters

ZÆÆĮðďĊăăřșœÐīÐðĊŒďăŒÐÌðĊŒīðďķĮÆăðĉĮșăœĮķðĴĮșīÐæķăĴďīř

ÐŘĉðĊĴðďĊĮșðĊŒÐĮĴðæĴðďĊĮșĊÌďĴìÐīăÐæăĉĴĴÐīĮðĊŒďăŒðĊæ

ĮķĨĨăðÐīĮșÆīÐœĉÐĉÅÐīĮșÆķĮĴďĉÐīĮșĊÌæďŒÐīĊĉÐĊĴăæÐĊÆðÐĮș

īðĮðĊæșåďīĴìÐĉďĮĴĨīĴșðĊĴìÐďīÌðĊīřÆďķīĮÐďåÅķĮðĊÐĮĮȘ}ìÐ

ďķĴÆďĉÐďåăðĴðæĴðďĊĊÌďĴìÐīăÐæăĉĴĴÐīĮðĮăœřĮķĊÆÐīĴðĊȘ

}ìÐďĉĨĊřÅÐăðÐŒÐĮðĴìĮŒăðÌÌÐåÐĊĮÐĮĴďĴìÐăÐæăĉĴĴÐīĮ

ÆķīīÐĊĴăřĨÐĊÌðĊææðĊĮĴðĴșðĮÌÐåÐĊÌðĊæðĴĮÐăåŒðæďīďķĮăřșĊÌìĮ

īÐÆďīÌÐÌÆÆīķăĮÌÐĴÐīĉðĊÐÌðĊÆÆďīÌĊÆÐœðĴì:qșœìÐīÐ

ĨĨīďĨīðĴÐȘAĊĉāðĊæÌÐĴÐīĉðĊĴðďĊīÐæīÌðĊæÆÆīķăĮșķĮðĊæ

ŒðăÅăÐðĊåďīĉĴðďĊșœÐÐŒăķĴÐĴìÐăðāÐăðìďďÌďåĊķĊåŒďīÅăÐ

outcome in legal or regulatory proceedings to which we are a

party and record a loss contingency when it is probable a liability

has been incurred and the amount of the loss can be reasonably

ÐĮĴðĉĴÐÌȘ}ìÐĮÐĮķÅþÐÆĴðŒÐÌÐĴÐīĉðĊĴðďĊĮīÐÅĮÐÌďĊĴìÐ

ĮĴĴķĮďåĮķÆìăÐæăďīīÐæķăĴďīřĨīďÆÐÐÌðĊæĮșĴìÐĉÐīðĴĮďåďķī

ÌÐåÐĊĮÐĮșĊÌÆďĊĮķăĴĴðďĊœðĴìăÐæăÆďķĊĮÐăȘÆĴķăďķĴÆďĉÐĮ

of these legal and regulatory proceedings may materially differ

åīďĉďķīÆķīīÐĊĴÐĮĴðĉĴÐĮȘAĴðĮĨďĮĮðÅăÐĴìĴīÐĮďăķĴðďĊďåďĊÐďī

more of the legal matters currently pending or threatened could

īÐĮķăĴðĊăďĮĮÐĮĉĴÐīðăĴďďķīÆďĊĮďăðÌĴÐÌīÐĮķăĴĮďåďĨÐīĴðďĊĮș

ăðĪķðÌðĴřșďīťĊĊÆðăÆďĊÌðĴðďĊȘ

}ďÌĴÐșĊďĊÐďåĴìÐĮÐĴřĨÐĮďåăðĴðæĴðďĊĉĴĴÐīĮșĉďĮĴďåœìðÆìīÐ

ĴřĨðÆăăřÆďŒÐīÐÌÅřðĊĮķīĊÆÐșìĮìÌĉĴÐīðăðĉĨÆĴďĊďķī

ďĨÐīĴðďĊĮďīťĊĊÆðăÆďĊÌðĴðďĊȘÐìŒÐðĊĮķīÐÌĊÌÆďĊĴðĊķÐ

ĴďðĊĮķīÐæðĊĮĴĉďĮĴďåĴìÐĮÐĴřĨÐĮďåÆăðĉĮȘþķÌæĉÐĊĴďĊ

ĊřÆăðĉĊďĴÆďŒÐīÐÌÅřșďīðĊÐŘÆÐĮĮďåșďķīðĊĮķīĊÆÐÆďŒÐīæÐ

could materially adversely affect our consolidated results of

ďĨÐīĴðďĊĮșăðĪķðÌðĴřșďīťĊĊÆðăÆďĊÌðĴðďĊȘ

ZĊwÐĨĴÐĉÅÐīǡǠșǡǟǡǠșĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴďåLķĮĴðÆÐș

ăďĊæœðĴìĴĴďīĊÐřĮ:ÐĊÐīăďåĮðŘĮĴĴÐĮĊÌĴìÐ#ðĮĴīðÆĴďå

ďăķĉÅðåðăÐÌĮķðĴæðĊĮĴLÐĴăķÐĊÌĉÐīðÆĊĮÐÐāðĊæĴď

ÐĊþďðĊĴìÐU'șăăÐæðĊæĴìĴðĴŒðďăĴÐĮwÐÆĴðďĊǠďåĴìÐwìÐīĉĊ

ÆĴȘ}ìÐÅÐĊÆìĴīðăďåĴìðĮĉĴĴÐīœĮÆďĊÆăķÌÐÌðĊUďŒÐĉÅÐī

ǡǟǡǡĊÌĴìÐďķīĴȸĮÌÐÆðĮðďĊīÐĉðĊĮĨÐĊÌðĊæȘĊÌŒÐīĮÐ

ruling could adversely impact our ability to achieve the intended

ÅÐĊÐťĴĮďåĴìÐU'ÆďķăÌìŒÐĊÌŒÐīĮÐðĉĨÆĴďĊďķīÅķĮðĊÐĮĮș

ťĊĊÆðăÆďĊÌðĴðďĊșĊÌīÐĮķăĴĮďåďĨÐīĴðďĊĮȘÌÌðĴðďĊăăřșœÐīÐ

incurring costs associated with implementing operational and

ĉīāÐĴðĊæÐăÐĉÐĊĴĮďåĴìÐU'șœìðÆìœďķăÌĊďĴÅÐīÐÆďŒÐīÅăÐ

ðåœÐœÐīÐīÐĪķðīÐÌĴďķĊœðĊÌăăďīĨďīĴðďĊďåĴìÐU'Ș

AĊ#ÐÆÐĉÅÐīǡǟǡǡĊÌ9ÐÅīķīřǡǟǡǢșåďķīĨķĴĴðŒÐÆăĮĮÆĴðďĊĮ

ăœĮķðĴĮœÐīÐåðăÐÌðĊĴìÐĊðĴÐÌwĴĴÐĮ#ðĮĴīðÆĴďķīĴåďīĴìÐ

'ĮĴÐīĊ#ðĮĴīðÆĴďåUÐœďīāĊÌĴìÐ#ðĮĴīðÆĴďåTĮĮÆìķĮÐĴĴĮș

īÐĮĨÐÆĴðŒÐăřșăăÐæðĊæșĉďĊæďĴìÐīĴìðĊæĮș ĴìĴ ĉďĊÐĴīř

damages should be awarded to a putative class of direct

ĨķīÆìĮÐīĮďåðīăðĊÐĴðÆāÐĴĮåīďĉLÐĴăķÐĊÌĉÐīðÆĊďĊU'

ŦðæìĴĮåīďĉLķăřǠǥșǡǟǡǟĴìīďķæìĴìÐĨīÐĮÐĊĴȘ:ðŒÐĊĴìÐĊĴķīÐ

ďåĴìÐĮÐÆĮÐĮșœÐīÐķĊÅăÐĴďÐĮĴðĉĴÐĴìÐīÐĮďĊÅăřĨďĮĮðÅăÐ

ăďĮĮďīīĊæÐďåăďĮĮșðåĊřșīðĮðĊæåīďĉĴìðĮĉĴĴÐīțìďœÐŒÐīș

LÐĴăķÐÅÐăðÐŒÐĮĴìÐĮÐăœĮķðĴĮīÐœðĴìďķĴĉÐīðĴĊÌșăďĊæœðĴì

ĉÐīðÆĊðīăðĊÐĮșœðăăÌÐåÐĊÌĴìÐĮÐĉĴĴÐīĮŒðæďīďķĮăřȘ

AĊǡǟǡǢșœÐÐŘĨÐÆĴĴďÆďĊĴðĊķÐĴďĮÐÐāÌÌðĴðďĊăĮĴīĴÐæðÆ

opportunities through new commercial partners as well as assess

œřĮĴďÌÐÐĨÐĊÐŘðĮĴðĊæðīăðĊÐĨīĴĊÐīĮìðĨĮșðĊÆăķÌðĊæĴìÐU'Ș

We plan to do this by expanding codeshare relationships and other

īÐĮďåÆďďĨÐīĴðďĊĮķÆìĮåīÐĪķÐĊĴŦřÐīĨīďæīĉĮȘÐÅÐăðÐŒÐ

these commercial partnerships allow us to better leverage our

ĮĴīďĊæĊÐĴœďīāĊÌÌīðŒÐðĊÆīÐĉÐĊĴăĴīŨÆĊÌīÐŒÐĊķÐœìðăÐ

ðĉĨīďŒðĊæďååȭĨÐāĴīŒÐăȘ

NOTE 12 Financial Derivative Instruments and Risk Management

ĮĨīĴďåďķīīðĮāĉĊæÐĉÐĊĴĴÐÆìĊðĪķÐĮșœÐĨÐīðďÌðÆăăř

purchase over the counter energy derivative instruments to

manage our exposure to the effect of changes in the price

ďåðīÆīåĴåķÐăȘqīðÆÐĮåďīĴìÐķĊÌÐīăřðĊæÆďĉĉďÌðĴðÐĮìŒÐ

ìðĮĴďīðÆăăřÅÐÐĊìðæìăř ÆďīīÐăĴÐÌĴďðīÆīåĴåķÐășĉāðĊæ

derivatives of them effective at providing short-term protection

æðĊĮĴĮìīĨðĊÆīÐĮÐĮðĊŒÐīæÐåķÐăĨīðÆÐĮȘÐÌďĊďĴìďăÌďī

ðĮĮķÐĊřÌÐīðŒĴðŒÐťĊĊÆðăðĊĮĴīķĉÐĊĴĮåďīĴīÌðĊæĨķīĨďĮÐĮȘ

Aircraft fuel derivatives

ÐĴĴÐĉĨĴĴďďÅĴðĊÆĮìŦďœìÐÌæÐÆÆďķĊĴðĊæĴīÐĴĉÐĊĴåďī

ÐÆìåķÐăÌÐīðŒĴðŒÐĴìĴœÐÐĊĴÐīðĊĴďȘ}ìðĮĴīÐĴĉÐĊĴðĮĨīďŒðÌÐÌ

for under the #ÐīðŒĴðŒÐĮĊÌ>ÐÌæðĊæĴďĨðÆďåĴìÐ9wďÌðťÆĴðďĊ

which allows for gains and losses on the effective portion of

qualifying hedges to be deferred until the underlying planned

ðīÆīåĴåķÐăÆďĊĮķĉĨĴðďĊďÆÆķīĮșīĴìÐīĴìĊīÐÆďæĊðšðĊæĴìÐæðĊĮ

and losses on these instruments into earnings during each period

ĴìÐřīÐďķĴĮĴĊÌðĊæȘ}ìÐÐååÐÆĴðŒÐĨďīĴðďĊďåīÐăðšÐÌåķÐăìÐÌæðĊæ

ÌÐīðŒĴðŒÐæðĊĮĊÌăďĮĮÐĮðĮīÐÆďæĊðšÐÌðĊðīÆīåĴåķÐăÐŘĨÐĊĮÐðĊ

ĴìÐĨÐīðďÌÌķīðĊæœìðÆìĴìÐķĊÌÐīăřðĊæåķÐăðĮÆďĊĮķĉÐÌȘ

AĊÐååÐÆĴðŒÐĊÐĮĮďÆÆķīĮșðĊÆÐīĴðĊÆðīÆķĉĮĴĊÆÐĮșœìÐĊĴìÐ

change in the total fair value of the derivative instrument differs

from the change in the value of our expected future cash outlays

åďīĴìÐĨķīÆìĮÐďåðīÆīåĴåķÐăȘAåìÐÌæÐÌďÐĮĊďĴĪķăðåřåďī

ìÐÌæÐÆÆďķĊĴðĊæșĴìÐĨÐīðďÌðÆÆìĊæÐĮðĊðĴĮåðīŒăķÐīÐăĮď

īÐÆďæĊðšÐÌðĊðĊĴÐīÐĮĴðĊÆďĉÐĊÌďĴìÐīȘìÐĊðīÆīåĴåķÐăðĮ

ÆďĊĮķĉÐÌĊÌĴìÐīÐăĴÐÌÌÐīðŒĴðŒÐÆďĊĴīÆĴĮÐĴĴăÐĮșĊřæðĊďī

loss previously recorded in other comprehensive income (loss) is

īÐÆďæĊðšÐÌðĊðīÆīåĴåķÐăÐŘĨÐĊĮÐȘăăÆĮìŦďœĮīÐăĴÐÌĴďďķī

åķÐăìÐÌæðĊæÌÐīðŒĴðŒÐĮīÐÆăĮĮðťÐÌĮďĨÐīĴðĊæÆĮìŦďœĮȘ

89JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

Our current approach to fuel hedging is to enter into hedges

ďĊÌðĮÆīÐĴðďĊīřÅĮðĮȘÐŒðÐœďķīìÐÌæÐĨďīĴåďăðďĮåďīĉ

of insurance to help mitigate the impact of price volatility and

ĨīďĴÐÆĴķĮæðĊĮĴĮÐŒÐīÐĮĨðāÐĮðĊďðăĨīðÆÐĮșœìÐĊĨďĮĮðÅăÐȘ

}ìÐ åďăăďœðĊæ ĴÅăÐ ðăăķĮĴīĴÐĮ ĴìÐ ĨĨīďŘðĉĴÐ ìÐÌæÐÌ

ĨÐīÆÐĊĴæÐĮďåďķīĨīďþÐÆĴÐÌåķÐăķĮæÐÅřĪķīĴÐīīÐăĴÐÌĴď

our outstanding fuel hedging contracts that were designated as

ÆĮìŦďœìÐÌæÐĮåďīÆÆďķĊĴðĊæĨķīĨďĮÐĮĮďå#ÐÆÐĉÅÐīǢǠș

ǡǟǡǡȘÐÌðÌĊďĴìŒÐĊřåķÐăìÐÌæðĊæÆďĊĴīÆĴĮďķĴĮĴĊÌðĊæĴ

#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘ

Aircraft fuel call

option spread

agreements Total

9ðīĮĴsķīĴÐīǡǟǡǢ

ǧȘǧ

AĊ9ÐÅīķīřǡǟǡǢșœÐìÐÌæÐÌǠǨȘǢɦďåďķīĨīďþÐÆĴÐÌåķÐăīÐĪķðīÐĉÐĊĴåďīĴìÐĮÐÆďĊÌĪķīĴÐīďåǡǟǡǢĊÌǤȘǤɦåďīĴìÐĴìðīÌĪķīĴÐī

ďåǡǟǡǢȘ

}ìÐĴÅăÐÅÐăďœīÐŦÐÆĴĮĪķĊĴðĴĴðŒÐðĊåďīĉĴðďĊīÐăĴÐÌĴďďķīÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴĮĊÌœìÐīÐĴìÐĮÐĉďķĊĴĮīÐīÐÆďīÌÐÌðĊďķī

ťĊĊÆðăĮĴĴÐĉÐĊĴĮȧÌďăăīĉďķĊĴĮðĊĉðăăðďĊĮȨȚ

Year Ended December 31,

2022 2021

FUEL DERIVATIVES

Asset fair value recorded in prepaid expenses and other current assets

ȧǠȨ

$ Ǣ $—

OďĊæÐĮĴīÐĉðĊðĊæĴÐīĉȧĉďĊĴìĮȨ Ǣ

—

>ÐÌæÐÌŒďăķĉÐȧÅīīÐăĮșðĊĴìďķĮĊÌĮȨ ǣǤǟ —

'ĮĴðĉĴÐÌĉďķĊĴďåÐŘðĮĴðĊææðĊĮÐŘĨÐÆĴÐÌĴďÅÐīÐÆăĮĮðťÐÌðĊĴďÐīĊðĊæĮðĊĴìÐĊÐŘĴ

ǠǡɁĉďĊĴìĮ ǡ —

(1) Gross asset or liability of each contract prior to consideration of offsetting positions with each counterparty and prior to impact of collateral paid.

Year Ended December 31,

2022 2021 2020

FUEL DERIVATIVES

>ÐÌæÐÐååÐÆĴðŒÐĊÐĮĮăďĮĮÐĮīÐÆďæĊðšÐÌðĊðīÆīåĴåķÐăÐŘĨÐĊĮÐ $ Ǧ $—$ Ǧ

OďĮĮÐĮďĊÌÐīðŒĴðŒÐĮīÐĮķăĴðĊæåīďĉĴìÐÌðĮÆďĊĴðĊķĊÆÐďå

ìÐÌæÐÆÆďķĊĴðĊæīÐÆďæĊðšÐÌðĊðĊĴÐīÐĮĴðĊÆďĉÐĊÌďĴìÐī $—

$—$ ǧ

>ÐÌæÐăďĮĮÐĮďĊÌÐīðŒĴðŒÐĮīÐÆďæĊðšÐÌðĊÆďĉĨīÐìÐĊĮðŒÐ

income $ Ǣ $—$ǠǠ

Percentage of actual consumption economically hedged Ǧɦ —ɦ ǡǤɦ

Any outstanding derivative instrument exposes us to credit loss in

connection with our fuel contracts in the event of nonperformance

ÅřĴìÐÆďķĊĴÐīĨīĴðÐĮĴďďķīæīÐÐĉÐĊĴĮșÅķĴœÐÌďĊďĴÐŘĨÐÆĴĴìĴ

ĊřďåďķīÆďķĊĴÐīĨīĴðÐĮœðăăåðăĴďĉÐÐĴĴìÐðīďÅăðæĴðďĊĮȘ}ìÐ

amount of such credit exposure is generally the fair value of our

ďķĴĮĴĊÌðĊæÆďĊĴīÆĴĮåďīœìðÆìœÐīÐðĊīÐÆÐðŒÅăÐĨďĮðĴðďĊȘ

}ďĉĊæÐÆīÐÌðĴīðĮāĮœÐĮÐăÐÆĴÆďķĊĴÐīĨīĴðÐĮÅĮÐÌďĊÆīÐÌðĴ

ĮĮÐĮĮĉÐĊĴĮșăðĉðĴďķīďŒÐīăăÐŘĨďĮķīÐĴďĊřĮðĊæăÐÆďķĊĴÐīĨīĴřș

ĊÌĉďĊðĴďīĴìÐĉīāÐĴĨďĮðĴðďĊœðĴìÐÆìÆďķĊĴÐīĨīĴřȘwďĉÐďå

our agreements require cash deposits from either JetBlue or our

ÆďķĊĴÐīĨīĴřðåĉīāÐĴīðĮāÐŘĨďĮķīÐÐŘÆÐÐÌĮĮĨÐÆðťÐÌĴìīÐĮìďăÌ

ĉďķĊĴȘ

We have master netting arrangements with our counterparties

ăăďœðĊæķĮĴìÐīðæìĴďåďååĮÐĴĴďĉðĴðæĴÐÆīÐÌðĴīðĮāðĊÌÐīðŒĴðŒÐ

ĴīĊĮÆĴðďĊĮȘ}ìÐťĊĊÆðăÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴæīÐÐĉÐĊĴĮœÐ

ìŒÐœðĴìďķīÆďķĊĴÐīĨīĴðÐĮĉřīÐĪķðīÐķĮĴďåķĊÌăășďīĨďīĴðďĊ

ďåșďķĴĮĴĊÌðĊæăďĮĮĨďĮðĴðďĊĮīÐăĴÐÌĴďĴìÐĮÐÆďĊĴīÆĴĮĨīðďīĴď

ĴìÐðīĮÆìÐÌķăÐÌĉĴķīðĴðÐĮȘ}ìÐĉďķĊĴďåÆďăăĴÐīăĨďĮĴÐÌșðåĊřșðĮ

ĨÐīðďÌðÆăăřÌþķĮĴÐÌÅĮÐÌďĊĴìÐåðīŒăķÐďåĴìÐìÐÌæÐÆďĊĴīÆĴĮȘ

Our policy is to offset the liabilities represented by these contracts

œðĴìĊřÆĮìÆďăăĴÐīăĨðÌĴďĴìÐÆďķĊĴÐīĨīĴðÐĮȘ

}ìÐīÐœÐīÐĊďďååĮÐĴĴðĊæÌÐīðŒĴðŒÐðĊĮĴīķĉÐĊĴĮĮďå#ÐÆÐĉÅÐīǢǠș

ǡǟǡǡĊÌǡǟǡǠȘ

90 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

NOTE 13 Fair Value

ĊÌÐīwǧǡǟș9ðīăķÐTÐĮķīÐĉÐĊĴșÌðĮÆăďĮķīÐĮīÐīÐĪķðīÐÌ

about how fair value is determined for assets and liabilities and a

hierarchy for which these assets and liabilities must be grouped

ðĮÐĮĴÅăðĮìÐÌșÅĮÐÌďĊĮðæĊðťÆĊĴăÐŒÐăĮďåðĊĨķĴĮĮåďăăďœĮȚ

Level 1 ďÅĮÐīŒÅăÐðĊĨķĴĮĮķÆìĮķĊÌþķĮĴÐÌĪķďĴÐÌĨīðÆÐĮðĊ

ÆĴðŒÐĉīāÐĴĮåďīðÌÐĊĴðÆăĮĮÐĴĮďīăðÅðăðĴðÐĮț

Level 2 ĪķďĴÐÌĨīðÆÐĮðĊÆĴðŒÐĉīāÐĴĮåďīĮðĉðăīĮĮÐĴĮĊÌ

ăðÅðăðĴðÐĮșĊÌďĴìÐīðĊĨķĴĮĴìĴīÐďÅĮÐīŒÅăÐÌðīÐÆĴăřďī

indirectly for the asset or liability; or

Level 3 ķĊďÅĮÐīŒÅăÐðĊĨķĴĮåďīĴìÐĮĮÐĴďīăðÅðăðĴřșĮķÆìĮ

ÌðĮÆďķĊĴÐÌÆĮìŦďœĉďÌÐăĮďīŒăķĴðďĊĮȘ

}ìÐÌÐĴÐīĉðĊĴðďĊďåœìÐīÐĮĮÐĴĮĊÌăðÅðăðĴðÐĮåăăœðĴìðĊĴìðĮ

ìðÐīīÆìřðĮÅĮÐÌķĨďĊĴìÐăďœÐĮĴăÐŒÐăďåðĊĨķĴĴìĴðĮĮðæĊðťÆĊĴ

ĴďĴìÐåðīŒăķÐĉÐĮķīÐĉÐĊĴȘ

}ìÐåďăăďœðĊæðĮăðĮĴðĊæďåďķīĮĮÐĴĮĊÌăðÅðăðĴðÐĮīÐĪķðīÐÌĴďÅÐĉÐĮķīÐÌĴåðīŒăķÐďĊīÐÆķīīðĊæÅĮðĮĊÌœìÐīÐĴìÐřīÐ

ÆăĮĮðťÐÌœðĴìðĊĴìÐåðīŒăķÐìðÐīīÆìřȧðĊĉðăăðďĊĮȨȚ

As of December 31, 2022

Level 1 Level 2 Level 3 Total

Assets

Cash equivalents

$ ǥǥǤ $—$—$ǥǥǤ

Available-for-sale investment securities

— Ǣǡǣ ǠǢ ǢǢǦ

'ĪķðĴřAĊŒÐĮĴĉÐĊĴwÐÆķīðĴðÐĮ

ǧ —— ǧ

Aircraft fuel derivatives

— Ǣ — Ǣ

As of December 31, 2021

Level 1 Level 2 Level 3 Total

Assets

Cash equivalents

$ ǠșǤǠǤ $— $—$ǠșǤǠǤ

Available-for-sale investment securities

— ǧǟǟ — ǧǟǟ

Equity investment securities

ǡǥ ——ǡǥ

tÐåÐīĴďUďĴÐǢĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮåďīåðī

value information related to our outstanding debt obligations

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠȘ}ìÐÆīīřðĊæŒăķÐĮďåăă

other financial instruments approximated their fair values at

#ÐÆÐĉÅÐīɁǢǠșǡǟǡǡĊÌǡǟǡǠȘ

Cash equivalents

ZķīÆĮìÐĪķðŒăÐĊĴĮðĊÆăķÌÐĉďĊÐřĉīāÐĴĮÐÆķīðĴðÐĮĊÌĴðĉÐ

ÌÐĨďĮðĴĮœìðÆìīÐīÐÌðăřÆďĊŒÐīĴðÅăÐðĊĴďÆĮìșìŒÐĉĴķīðĴðÐĮ

ďåĴìīÐÐĉďĊĴìĮďīăÐĮĮœìÐĊĨķīÆìĮÐÌșĊÌīÐÆďĊĮðÌÐīÐÌĴď

ÅÐìðæìăřăðĪķðÌĊÌÐĮðăřĴīÌÅăÐȘ}ìÐĉďĊÐřĉīāÐĴĮÐÆķīðĴðÐĮ

īÐŒăķÐÌķĮðĊæðĊĨķĴĮďÅĮÐīŒÅăÐðĊÆĴðŒÐĉīāÐĴĮåďīðÌÐĊĴðÆă

ĮÐÆķīðĴðÐĮĊÌīÐĴìÐīÐåďīÐÆăĮĮðťÐÌĮOÐŒÐăǠœðĴìðĊďķīåðī

ŒăķÐìðÐīīÆìřȘ}ìÐåðīŒăķÐĮďåīÐĉðĊðĊæðĊĮĴīķĉÐĊĴĮīÐ

ÅĮÐÌďĊďÅĮÐīŒÅăÐðĊĨķĴĮðĊĊďĊȭÆĴðŒÐĉīāÐĴĮșœìðÆìīÐ

ĴìÐīÐåďīÐÆăĮĮðťÐÌĮOÐŒÐăǡðĊĴìÐìðÐīīÆìřȘ

Available-for-sale investment securities

Our available-for-sale investment securities include highly liquid

ðĊŒÐĮĴĉÐĊĴĮĮķÆìĮĴðĉÐÌÐĨďĮðĴĮșÆďĉĉÐīÆðăĨĨÐīĊÌ

ÆďĊŒÐīĴðÅăÐÌÐÅĴĮÐÆķīðĴðÐĮȘ}ìÐåðīŒăķÐĮďåĴìÐĮÐðĊĮĴīķĉÐĊĴĮ

īÐÅĮÐÌďĊďÅĮÐīŒÅăÐðĊĨķĴĮðĊĊďĊȭÆĴðŒÐĉīāÐĴĮșœìðÆìīÐ

ĴìÐīÐåďīÐÆăĮĮðťÐÌĮOÐŒÐăǡðĊĴìÐìðÐīīÆìřȘ}ìÐåðīŒăķÐĮ

of the remaining instruments based on unobservable inputs

īÐÆăĮĮðťÐÌĮOÐŒÐăǢðĊĴìÐìðÐīīÆìřȘÐīÐÆďæĊðšÐÌĊÐĴ

ķĊīÐăðšÐÌăďĮĮďåɄǠĉðăăðďĊðĊÆÆķĉķăĴÐÌďĴìÐīÆďĉĨīÐìÐĊĮðŒÐ

income (loss) on the consolidated balance sheet for the year ended

#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘÐīÐÆďæĊðšÐÌĊðĉĉĴÐīðăĊÐĴķĊīÐăðšÐÌ

ăďĮĮåďīĴìÐĮĉÐĨÐīðďÌÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘ

Equity investment securities

Our investments in equity securities include investments in

ÆďĉĉďĊĮĴďÆāĮďåĨķÅăðÆăřĴīÌÐÌÆďĉĨĊðÐĮȘ}ìÐåðīŒăķÐĮ

ďåĴìÐĮÐðĊĮĴīķĉÐĊĴĮīÐÆăĮĮðťÐÌĮOÐŒÐăǠðĊĴìÐåðīŒăķÐ

ìðÐīīÆìřĮĴìÐðīåðīŒăķÐĮīÐÅĮÐÌďĊķĊÌþķĮĴÐÌĪķďĴÐÌ

ĨīðÆÐĮðĊÆĴðŒÐĉīāÐĴĮåďīðÌÐĊĴðÆăĮĮÐĴĮȘÐīÐÆďæĊðšÐÌ

ĊÐĴķĊīÐăðšÐÌăďĮĮďåɄǠǡĉðăăðďĊĊÌɄǠǟĉðăăðďĊðĊďĴìÐīðĊÆďĉÐ

on our consolidated statement of operations for the year ending

#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌǡǟǡǠīÐĮĨÐÆĴðŒÐăřȘÐăĮďīÐÆďæĊðšÐÌ

ĊÐĴīÐăðšÐÌæðĊďåɄǠĉðăăðďĊðĊďĴìÐīðĊÆďĉÐďĊďķīÆďĊĮďăðÌĴÐÌ

ĮĴĴÐĉÐĊĴďåďĨÐīĴðďĊĮåďīĴìÐřÐīÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

ÐÌðÌĊďĴīÐÆďæĊðšÐĊřīÐăðšÐÌæðĊĮďīăďĮĮÐĮÌķīðĊæĴìÐĮĉÐ

ĨÐīðďÌÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘ

ĮÌðĮÆķĮĮÐÌðĊUďĴÐǠĴďďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮș

JBV has equity investments in emerging companies which do

ĊďĴìŒÐīÐÌðăřÌÐĴÐīĉðĊÅăÐåðīŒăķÐĮȘAĊÆÆďīÌĊÆÐœðĴì

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A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

}ďĨðÆǢǡǠșAĊŒÐĮĴĉÐĊĴĮȭ'ĪķðĴřwÐÆķīðĴðÐĮďåĴìÐďÌðťÆĴðďĊșœÐ

account for these investments using a measurement alternative

œìðÆìăăďœĮÐĊĴðĴðÐĮĴďĉÐĮķīÐĴìÐĮÐðĊŒÐĮĴĉÐĊĴĮĴÆďĮĴș

ăÐĮĮĊřðĉĨðīĉÐĊĴșÌþķĮĴÐÌåďīÆìĊæÐĮåīďĉďÅĮÐīŒÅăÐ

ĨīðÆÐÆìĊæÐĮðĊďīÌÐīăřĴīĊĮÆĴðďĊĮåďīðÌÐĊĴðťÅăÐďīĮðĉðăī

ðĊŒÐĮĴĉÐĊĴĮďåĴìÐĮĉÐðĮĮķÐīȘÐīÐÆďæĊðšÐÌĊðĉĨðīĉÐĊĴ

ăďĮĮďåɄǡĉðăăðďĊďĊĴìÐÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴďåďĨÐīĴðďĊĮ

åďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌæðĊďåɄǢǦĉðăăðďĊ

ÌķīðĊæĴìÐĮĉÐĨÐīðďÌÐĊÌðĊæ#ÐÆÐĉÅÐīǢǠșǡǟǡǠȘ

Aircraft fuel derivatives

Our aircraft fuel derivatives include call spread options which are

ĊďĴĴīÌÐÌďĊĨķÅăðÆÐŘÆìĊæÐĮȘ}ìÐðīåðīŒăķÐĮīÐÌÐĴÐīĉðĊÐÌ

ķĮðĊæĉīāÐĴĨĨīďÆìÅĮÐÌďĊðĊĨķĴĮĴìĴīÐīÐÌðăřŒðăÅăÐ

åīďĉĨķÅăðÆ ĉīāÐĴĮåďī ÆďĉĉďÌðĴðÐĮĊÌ ÐĊÐīæř ĴīÌðĊæ

ÆĴðŒðĴðÐĮțĴìÐīÐåďīÐșĴìÐřīÐÆăĮĮðťÐÌĮOÐŒÐăǡðĊĨķĴĮȘ}ìÐ

data inputs are combined into qualitative models and processes

ĴďæÐĊÐīĴÐåďīœīÌÆķīŒÐĮĊÌŒďăĴðăðĴřīÐăĴÐÌĴďĴìÐĮĨÐÆðťÆ

ĴÐīĉĮďåĴìÐķĊÌÐīăřðĊæìÐÌæÐÆďĊĴīÆĴĮȘ

NOTE 14 Accumulated Other Comprehensive Income (Loss)

ďĉĨīÐìÐĊĮðŒÐðĊÆďĉÐȧăďĮĮȨðĊÆăķÌÐĮÆìĊæÐĮðĊåðīŒăķÐďåďķīðīÆīåĴåķÐăÌÐīðŒĴðŒÐĮœìðÆìĪķăðåřåďīìÐÌæÐÆÆďķĊĴðĊæȘĊīÐăðšÐÌ

ăďĮĮďĊŒðăÅăÐȭåďīȭĮăÐðĊŒÐĮĴĉÐĊĴĮÐÆķīðĴðÐĮīÐīÐŦÐÆĴÐÌĮÆďĉĨďĊÐĊĴďåÆÆķĉķăĴÐÌďĴìÐīÆďĉĨīÐìÐĊĮðŒÐðĊÆďĉÐȧăďĮĮȨȘ

īďăăåďīœīÌďåĴìÐĉďķĊĴĮðĊÆăķÌÐÌðĊÆÆķĉķăĴÐÌďĴìÐīÆďĉĨīÐìÐĊĮðŒÐðĊÆďĉÐȧăďĮĮȨșĊÐĴďåĴŘÐĮåďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐī

ǢǠșǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟðĮĮåďăăďœĮȧðĊĉðăăðďĊĮȨȚ

Aircraft Fuel

Derivatives

(1)

Available-for-

sale securities Total

Balance of accumulated income, at December 31, 2019 $2$—$2

tÐÆăĮĮðťÆĴðďĊĮðĊĴďÐīĊðĊæĮșĊÐĴďåĴŘÐĮďåɄȧǤȨ

Ǩ — Ǩ

ìĊæÐðĊåðīŒăķÐșĊÐĴďåĴŘÐĮďåɄǤ

ȧǠǠ)—ȧǠǠ)

Balance of accumulated income, at December 31, 2020 $—$— $—

tÐÆăĮĮðťÆĴðďĊĮðĊĴďÐīĊðĊæĮșĊÐĴďåĴŘÐĮďåɄǟ

———

ìĊæÐðĊåðīŒăķÐșĊÐĴďåĴŘÐĮďåɄǟ

———

Balance of accumulated income, at December 31, 2021 $—$— $—

tÐÆăĮĮðťÆĴðďĊĮðĊĴďÐīĊðĊæĮșĊÐĴďåĴŘÐĮďåɄȧǢȨ

ǣ — ǣ

ìĊæÐðĊåðīŒăķÐșĊÐĴďåĴŘÐĮďåɄǡ

ȧǢ) ȧǠ) ȧǣ)

BALANCE OF ACCUMULATED INCOME (LOSS), AT DECEMBER 31, 2022 $1$(1)$—

(1) Reclassified to aircraft fuel expense.

NOTE 15 Geographic Information

ĊÌÐīĴìÐwÐæĉÐĊĴtÐĨďīĴðĊæĴďĨðÆďåĴìÐďÌðťÆĴðďĊșÌðĮÆăďĮķīÐĮ

are required for operating segments that are regularly reviewed

ÅřÆìðÐåďĨÐīĴðĊæÌÐÆðĮðďĊĉāÐīĮȘðīĴīĊĮĨďīĴĴðďĊĮÐīŒðÆÐĮ

ÆÆďķĊĴÐÌåďīĮķÅĮĴĊĴðăăřăăďåĴìÐďĉĨĊřȸĮďĨÐīĴðďĊĮðĊ

ǡǟǡǡșǡǟǡǠșĊÌǡǟǡǟȘ

ZĨÐīĴðĊæīÐŒÐĊķÐĮīÐăăďÆĴÐÌĴďæÐďæīĨìðÆīÐæðďĊĮșĮ

ÌÐåðĊÐÌÅřĴìÐ#ÐĨīĴĉÐĊĴďå}īĊĮĨďīĴĴðďĊșďī#Z}șÅĮÐÌ

ķĨďĊĴìÐďīðæðĊĴðďĊĊÌÌÐĮĴðĊĴðďĊďåÐÆìŦðæìĴĮÐæĉÐĊĴȘĮďå

#ÐÆÐĉÅÐīǢǠșǡǟǡǡșœÐĮÐīŒÐÌǢǣăďÆĴðďĊĮðĊĴìÐīðÅÅÐĊĊÌ

OĴðĊĉÐīðÆĊīÐæðďĊșďīOĴðĊĉÐīðÆĮÌÐťĊÐÌÅřĴìÐ#Z}ȘÐ

ăĮďĮÐīŒÐÌĴœďÌÐĮĴðĊĴðďĊĮðĊ'ķīďĨÐșďīĴăĊĴðÆĮÌÐťĊÐÌÅř

ĴìÐ#Z}ȘÐðĊÆăķÌÐĴìÐĴìīÐÐÌÐĮĴðĊĴðďĊĮðĊqķÐīĴďtðÆďĊÌďĊÐ

ÌÐĮĴðĊĴðďĊðĊĴìÐȘwȘðīæðĊAĮăĊÌĮðĊďķīīðÅÅÐĊĊÌOĴðĊ

ĉÐīðÆăăďÆĴðďĊďåīÐŒÐĊķÐĮȘ}ìÐīÐåďīÐșœÐìŒÐīÐŦÐÆĴÐÌ

ĴìÐĮÐăďÆĴðďĊĮœðĴìðĊĴìÐīðÅÅÐĊĊÌOĴðĊĉÐīðÆīÐæðďĊ

ðĊĴìÐĴÅăÐÅÐăďœȘZĨÐīĴðĊæīÐŒÐĊķÐĮÅřæÐďæīĨìðÆīÐæðďĊĮåďī

ĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠīÐĮķĉĉīðšÐÌÅÐăďœȧðĊĉðăăðďĊĮȨȚ

ǫǩǫǫ ǫǩǫǪ ǫǩǫǩ

Domestic & Canada $ ǯșǩǯǰ $ ǬșǱǯǲ $ ǪșǱǲǩ

īðÅÅÐĊɪOĴðĊĉÐīðÆ ǫșǲǯǱ ǫșǪǮǩ Ǫșǩǯǰ

Atlantic ǪǫǬ ǪǱ —

TOTAL $ ǲșǪǮǱ $ ǯșǩǬǰ $ ǫșǲǮǰ

ZķīĴĊæðÅăÐĮĮÐĴĮĨīðĉīðăřÆďĊĮðĮĴďåďķīŦÐÐĴďåðīÆīåĴȘ'ŘÆÐĨĴåďīďķīĴīĊĮĴăĊĴðÆĮÐīŒðÆÐĴďOďĊÌďĊșœìðÆìðĮďĨÐīĴÐÌÅřĴìÐ

ăďĊæīĊæÐŒīðĊĴďåĴìÐðīÅķĮǢǡǠĊÐďðīÆīåĴșďķīŦÐÐĴðĮÌÐĨăďřÐÌĮřĮĴÐĉœðÌÐșœðĴìĊďðĊÌðŒðÌķăðīÆīåĴÌÐÌðÆĴÐÌĴďĊřĮĨÐÆðťÆ

īďķĴÐďīīÐæðďĊțĴìÐīÐåďīÐșďķīĮĮÐĴĮÌďĊďĴīÐĪķðīÐĊřăăďÆĴðďĊĴďæÐďæīĨìðÆīÐȘ

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NOTE 16 Special Items

}ìÐåďăăďœðĊæðĮăðĮĴðĊæďåĮĨÐÆðăðĴÐĉĮĨīÐĮÐĊĴÐÌďĊďķīÆďĊĮďăðÌĴÐÌĮĴĴÐĉÐĊĴĮďåďĨÐīĴðďĊĮȧðĊĉðăăðďĊĮȨȚ

Year Ended December 31,

2022 2021 2020

Special Items

Federal payroll support grant recognition

ȧǠȨ

$—$ȧǧǢǟ)$ ȧǥǧǤ)

t'wÆĴÐĉĨăďřÐÐīÐĴÐĊĴðďĊÆīÐÌðĴ

ȧǡȨ

— ȧǠǠ) ȧǢǥ)

ĊðďĊÆďĊĴīÆĴÆďĮĴĮ

ȧǢȨ

Ǡǧ—

'ĉÅīÐī'ǠǨǟŦÐÐĴĴīĊĮðĴðďĊ

ȧǣȨ

Ǥǡ — ǡǦǢ

wÐŒÐīĊÆÐĊÌÅÐĊÐťĴÆďĮĴĮ

ȧǤȨ

——ǤǨ

OqīĴðťÆĴðďĊÅďĊķĮ

ȧǥȨ

Ǣǡ ——

wĨðīðĴÆĪķðĮðĴðďĊÆďĮĴĮ

ȧǦȨ

ǡǧ ——

OďĮĮÐĮďĊĮăÐȭăÐĮÐÅÆāĴīĊĮÆĴðďĊĮ

ȧǧȨ

——Ǡǟǥ

TOTAL $ 113 $ ȧǧǢǢ)$ ȧǡǧǢ)

(1) As discussed in Note 3 to our consolidated financial statements, we received assistance in the form of grants and unsecured loans under various federal payroll support

programs. Funds under these federal payroll support programs were to be used exclusively for the continuation of payment of crewmember wages, salaries, and benefits.

The carrying values of the payroll support grants (after consideration of the warrants we issued) were recorded within other liabilities and were recognized as contra-

expenses within special items on our consolidated statements of operations as the funds were utilized. We utilized $830 million and $685 million of payroll support grants

for the year ended December 31, 2021 and 2020, respectively. Our payroll support grants were fully utilized as of December 31, 2022.

(2) The Employee Retention Credit (“ERC”) under the CARES Act is a refundable tax credit which encourages businesses to keep employees on the payroll during the COVID-19

pandemic. Eligible employers can qualify for up to $5,000 of credit for each employee based on qualified wages paid after March 12, 2020 and before January 1, 2021.

The Internal Revenue Service (“IRS”) subsequently issued Notice 2021-23 and Notice 2021-49 which collectively extended the ERC eligibility to cover qualified wages paid

after December 31, 2020 and before January 1, 2022. Qualified wages are the wages paid to an employee for the time that the employee is not providing services due to an

economic hardship, specifically, either (1) a full or partial suspension of operations by order of a governmental authority due to COVID-19, or (2) a significant decline in gross

receipts. Our policy is to recognize the ERC when it is filed with the IRS. We recognized $11 million and $36 million of ERC as contra-expenses within special items on our

consolidated statements of operations for the year ended December 31, 2021 and 2020, respectively.

(3) In April 2018, JetBlue inflight crewmembers elected to be represented by the Transport Workers Union of America, or TWU. The National Mediation Board, or NMB,

certified the TWU as the representative for JetBlue inflight crewmembers. The parties reached a final agreement for the first collective bargaining agreement which

was ratified by our inflight crewmembers in December 2021. The agreement is a five-year, renewable contract effective December 13, 2021. During the fourth quarter of

2021, we recorded a one-time ratification bonus totaling $8 million to be allocated amongst our inflight crewmembers as determined by TWU. During the full year 2022, we

recorded $1 million in implementation costs relating to the contract.

(4) Under ASC 360, Property, Plant, and Equipment, we are required to assess long-lived assets for impairment when events and circumstances indicate that the assets may

be impaired. An impairment of long-lived assets exists when the sum of the forecasted undiscounted future cash flows expected to be generated directly by the assets

are less than the book value of the assets. Our long-lived assets include both owned and leased properties which are classified as property and equipment, and operating

lease assets on our consolidated balance sheets, respectively.

Our operations were adversely impacted by the unprecedented decline in demand for travel caused by the COVID-19 pandemic in 2020. To determine if impairment exists

in our fleet, we grouped our aircraft by fleet-type and estimated their future cash flows based on projections of capacity, aircraft age, maintenance requirements, and

other relevant conditions. Based on the assessment, we determined the future cash flows from the operation of our Embraer E190 fleet were lower than the carrying value.

For those aircraft, including the ones that are under operating lease, and related spare parts in our Embraer E190 fleet, we recorded impairment losses of $273 million

for the year ended December 31, 2020. These losses represent the difference between the book value of these assets and their fair value. In determining fair value, we

obtained third party valuations for our Embraer E190 fleet, which considered the effects of the current market environment, age of the assets, and marketability. For our

owned Embraer E190 aircraft and related spare parts, we made adjustments to the valuations to reflect the impact of their current maintenance conditions to determine

fair value. Our estimate of fair value was not based on distressed sales or forced liquidations. The fair value of our Embraer E190 aircraft under operating lease and related

parts was based on the present value of current market lease rates utilizing a market discount rate for the remaining term of each lease. Since the fair value of our

Embraer E190 fleet was determined using unobservable inputs, it is classified as Level 3 in the fair value hierarchy.

No fleet impairment loss was recorded for the year ended December 31, 2021.

In 2022, as a result of our Embraer E190 fleet transition, we entered into a series of engine exchanges of the CF34 engines used on our Embraer E190 fleet. Additionally,

we entered into an agreement to sell 5 of our owned Embraer E190 aircraft in 2023. We classified these 5 aircraft as held for sale in December 31, 2022. As a result of these

fleet transition transactions, we recognized a $52 million impairment loss on the Embraer E190 fleet during the year ended December 31, 2022. These losses represent

the difference between the book value of these assets and their fair value. In determining fair value, we obtained third party valuations for our Embraer E190 fleet, which

considered the effects of the current market environment, age of the assets, and marketability. For our owned Embraer E190 aircraft and related spare parts, we made

adjustments to the valuations to reflect the impact of their current maintenance conditions to determine fair value. Our estimate of fair value was not based on distressed

sales or forced liquidations. The fair value of our Embraer E190 aircraft under operating lease and related parts was based on the present value of current market lease

rates utilizing a market discount rate for the remaining term of each lease. Since the fair value of our Embraer E190 fleet was determined using unobservable inputs, it is

classified as Level 3 in the fair value hierarchy.

93JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

Ɂqt}AA|

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

(5) In 2020, the unprecedented declines in demand and in our capacity caused by COVID-19 led to a significant reduction to our staffing needs. In June 2020, we announced a

voluntary separation program which allowed eligible crewmembers the opportunity to voluntarily separate from the Company in exchange for severance, health coverage for a

specified period of time, and travel privileges based on years of service. Virtually all of our crewmembers were eligible to participate in the voluntary separation program with the

exception of our union-represented crewmembers and crewmembers of our wholly-owned subsidiaries (JetBlue Ventures and JetBlue Travel Products). Separation agreements

for the majority of the crewmembers who elected to participate in the voluntary program were executed in the third quarter of 2020. One-time costs of $59 million, consisting of

severance and health benefits, were recorded for the year ended December 31, 2020 in connection with the program. Approximately $44 million of this charge was disbursed in

2020. Substantially all of the remaining balance had been disbursed as of December 31, 2021 with the residual amount disbursed by mid-2022.

(6) As discussed in Note 10 to our consolidated financial statements, we paid $32 million for an ALPA ratification bonus and the associated payroll taxes during the second

quarter of 2022.

(7) As discussed in Note 17 to our consolidated financial statements, we incurred and paid $28 million for various expenses related to our acquisition of Spirit during the year

ended December 31, 2022.

(8) In 2020, we executed $563 million of aircraft sale-leaseback transactions. Of these transactions, $354 million did not qualify as sales for accounting purposes. The remaining

$209 million qualified as sales and generated a loss of $106 million. These losses represent the difference between the book value of these assets and their fair value. We

estimated the fair value of the related aircraft considering third party valuations and considered specific circumstances such as aircraft age, maintenance requirements and

condition, and therefore classified as Level 3 in the fair value hierarchy.

NOTE 17 Entry into Merger Agreement with Spirit Airlines

ZĊLķăřǡǧșǡǟǡǡșLÐĴăķÐÐĊĴÐīÐÌðĊĴďĊæīÐÐĉÐĊĴĊÌqăĊ

ďåTÐīæÐīȧĴìÐȵTÐīæÐīæīÐÐĉÐĊĴȶȨœðĴìwĨðīðĴðīăðĊÐĮșAĊÆȘș

#ÐăœīÐÆďīĨďīĴðďĊȧȵwĨðīðĴȶȨșĊÌwķĊÌďœĊÆĪķðĮðĴðďĊďīĨȘș

a Delaware corporation and a direct wholly owned subsidiary of

LÐĴăķÐȧȵTÐīæÐīwķÅȶȨșĨķīĮķĊĴĴďœìðÆìĊÌĮķÅþÐÆĴĴďĴìÐĴÐīĉĮ

ĊÌÆďĊÌðĴðďĊĮĴìÐīÐðĊșTÐīæÐīwķÅœðăăĉÐīæÐœðĴìĊÌðĊĴďwĨðīðĴș

œðĴìwĨðīðĴÆďĊĴðĊķðĊæĮĴìÐĮķīŒðŒðĊæÆďīĨďīĴðďĊȧĴìÐȵTÐīæÐīȶȨȘ

ZĊZÆĴďÅÐīǠǨșǡǟǡǡșwĨðīðĴĊĊďķĊÆÐÌĴìĴðĴĮĮĴďÆāìďăÌÐīĮ

ĨĨīďŒÐÌĴìÐTÐīæÐīæīÐÐĉÐĊĴȘ

ĮīÐĮķăĴďåĴìÐTÐīæÐīșÐÆìÐŘðĮĴðĊæĮìīÐȧȵwìīÐȶȨďåwĨðīðĴȸĮ

ÆďĉĉďĊĮĴďÆāșĨīŒăķÐɄǟȘǟǟǟǠĨÐīĮìīÐșœðăăÅÐÆďĊŒÐīĴÐÌ

ĴĴìÐÐååÐÆĴðŒÐĴðĉÐďåĴìÐTÐīæÐīðĊĴďĴìÐīðæìĴĴďīÐÆÐðŒÐ

ĊĉďķĊĴðĊÆĮìĨÐīwìīÐșœðĴìďķĴðĊĴÐīÐĮĴșÐĪķăĴďȧȨ

ɄǢǢȘǤǟɁĉðĊķĮȧÅȨȧðȨĴďĴìÐÐŘĴÐĊĴĨðÌșĊĉďķĊĴðĊÆĮìÐĪķăĴď

ɄǡȘǤǟĨÐīwìīÐĊÌȧððȨĴìÐăÐĮĮÐīďåȧȨɄǠȘǠǤĊÌȧȨĴìÐĨīďÌķÆĴ

ďåȧǠȨɄǟȘǠǟĉķăĴðĨăðÐÌÅřȧǡȨĴìÐĊķĉÅÐīďåÌÌðĴðďĊăqīÐĨřĉÐĊĴĮ

ȧĮÌÐťĊÐÌÅÐăďœȨĨðÌĨīðďīĴďĴìÐÌĴÐďåĴìÐÆăďĮðĊæďåĴìÐ

TÐīæÐīȧĴìÐȵăďĮðĊæ#ĴÐȶȨȧĮķÆìĉďķĊĴðĊĮķÅÆăķĮÐȧȨșĴìÐ

ȵææīÐæĴÐÌÌðĴðďĊăqīÐĨřĉÐĊĴĉďķĊĴȶȨȘ

ZĊZÆĴďÅÐīǡǥșǡǟǡǡșðĊÆÆďīÌĊÆÐœðĴìĴìÐTÐīæÐīæīÐÐĉÐĊĴș

LÐĴăķÐĨðÌɄǡȘǤǟĨÐīĮìīÐĴďÐÆììďăÌÐīďåīÐÆďīÌĮďå

wÐĨĴÐĉÅÐīǠǡșǡǟǡǡșĴìÐīÐÆďīÌÌĴÐåďīĴìÐĮĨÐÆðăĉÐÐĴðĊæďå

wĨðīðĴĮĴďÆāìďăÌÐīĮȘ}ìÐĴďĴăĨřĉÐĊĴÆĉÐĴďɄǡǦǡĉðăăðďĊȘ}ìðĮ

ĉďķĊĴðĮðĊÆăķÌÐÌĮZĴìÐīĮĮÐĴĮðĊĴìÐďĉĨĊřȸĮďĊĮďăðÌĴÐÌ

ăĊÆÐwìÐÐĴĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌīÐĨďīĴÐÌĮqřĉÐĊĴ

åďīwĨðīðĴðīăðĊÐĮÆĪķðĮðĴðďĊðĊĴìÐďĉĨĊřȸĮďĊĮďăðÌĴÐÌ

wĴĴÐĉÐĊĴĮďåĮì9ăďœĮåďīĴìÐĴœÐăŒÐĉďĊĴìĮÐĊÌÐÌ#ÐÆÐĉÅÐī

ǢǠșǡǟǡǡȘ

On or prior to the last business day of each calendar month

ÆďĉĉÐĊÆðĊæåĴÐī#ÐÆÐĉÅÐīǢǠșǡǟǡǡșķĊĴðăĴìÐÐīăðÐīďåȧȨĴìÐ

ăďĮðĊæ#ĴÐĊÌȧÅȨĴìÐĴÐīĉðĊĴðďĊďåĴìÐTÐīæÐīæīÐÐĉÐĊĴðĊ

ÆÆďīÌĊÆÐœðĴìðĴĮĴÐīĉĮșLÐĴăķÐœðăăĨřďīÆķĮÐĴďÅÐĨðÌ

ĴďĴìÐìďăÌÐīĮďåīÐÆďīÌďåďķĴĮĴĊÌðĊæwìīÐĮĮďåÌĴÐĊďĴ

ĉďīÐĴìĊťŒÐÅķĮðĊÐĮĮÌřĮĨīðďīĴďĴìÐăĮĴÅķĮðĊÐĮĮÌřďåĮķÆì

ĉďĊĴìșĊĉďķĊĴðĊÆĮìÐĪķăĴďɄǟȘǠǟĨÐīwìīÐȧĮķÆìĉďķĊĴș

ĴìÐȵÌÌðĴðďĊăqīÐĨřĉÐĊĴĉďķĊĴșȶÐÆìĮķÆìĉďĊĴìăřĨřĉÐĊĴș

ĊȵÌÌðĴðďĊăqīÐĨřĉÐĊĴȶȨȘ

}ìÐăďĮðĊæðĮĮķÅþÐÆĴĴďĴìÐĮĴðĮåÆĴðďĊďīœðŒÐīďåÆÐīĴðĊ

ÆăďĮðĊæÆďĊÌðĴðďĊĮșðĊÆăķÌðĊæșĉďĊæďĴìÐīĴìðĊæĮȚȧȨīÐÆÐðĨĴďå

wĨðīðĴĮĴďÆāìďăÌÐīĨĨīďŒășœìðÆìœĮďÅĴðĊÐÌďĊZÆĴďÅÐīǠǨș

ǡǟǡǡțȧÅȨīÐÆÐðĨĴďåĨĨăðÆÅăÐīÐæķăĴďīřĨĨīďŒăĮșðĊÆăķÌðĊæ

ĨĨīďŒăĮåīďĉĴìÐȘwȘ9ÐÌÐīăďĉĉķĊðÆĴðďĊĮďĉĉðĮĮðďĊș

ȘwȘ9ÐÌÐīăŒðĴðďĊÌĉðĊðĮĴīĴðďĊĊÌĴìÐȘwȘ#ÐĨīĴĉÐĊĴ

ďå}īĊĮĨďīĴĴðďĊțȧÆȨĴìÐÐŘĨðīĴðďĊďīÐīăřĴÐīĉðĊĴðďĊďåĴìÐ

ĮĴĴķĴďīřœðĴðĊæĨÐīðďÌķĊÌÐīĴìÐ>īĴȭwÆďĴĴȭtďÌðĊďĊĴðĴīķĮĴ

AĉĨīďŒÐĉÐĊĴĮÆĴďåǠǨǦǥșĮĉÐĊÌÐÌȧĴìÐȵ>wtÆĴȶȨĊÌĊř

customary timing agreement with any governmental entity not

ĴďÆďĊĮķĉĉĴÐĴìÐTÐīæÐīĊÌĨĨīďŒăķĊÌÐīÆÐīĴðĊåďīÐðæĊ

antitrust laws; (d) the absence of any law or order prohibiting

the consummation of the transactions; and (e) the absence of

ĊřĉĴÐīðăÌŒÐīĮÐÐååÐÆĴďĊwĨðīðĴȧĮÌÐťĊÐÌðĊĴìÐTÐīæÐī

æīÐÐĉÐĊĴȨȘ

wĨðīðĴșLÐĴăķÐșĊÌTÐīæÐīwķÅÐÆìĉāÐÆÐīĴðĊÆķĮĴďĉīř

īÐĨīÐĮÐĊĴĴðďĊĮșœīīĊĴðÐĮĊÌÆďŒÐĊĊĴĮșĮĨĨăðÆÅăÐșðĊĴìÐ

TÐīæÐīæīÐÐĉÐĊĴȘ

}ìÐTÐīæÐīæīÐÐĉÐĊĴăĮďÆďĊĴðĊĮÆÐīĴðĊĨīďŒðĮðďĊĮīÐăĴðĊæ

ĴďÐååďīĴĮĴďďÅĴðĊīÐæķăĴďīřĨĨīďŒăďåĴìÐTÐīæÐīșðĊÆăķÌðĊæɁĴď

ĨīďŒðÌÐĴìĴLÐĴăķÐĊÌwĨðīðĴșðĊÆďĊĊÐÆĴðďĊœðĴìďÅĴðĊðĊæĊř

necessary approval of a governmental entity (including under

ĴìÐ>wtÆĴȨșœðăăķĮÐĴìÐðīīÐĮĨÐÆĴðŒÐīÐĮďĊÅăÐÅÐĮĴÐååďīĴĮ

ĴďĴāÐșďīÆķĮÐĴďÅÐĴāÐĊșăăĨĨīďĨīðĴÐÆĴðďĊĮĴďďÅĴðĊ

ĮķÆìĨĨīďŒăĮșðĊÆăķÌðĊæșĴďÆďĊĴÐĮĴșÌÐåÐĊÌșĊÌĨĨÐăĊř

proceeding brought by a governmental entity challenging or

ĮÐÐāðĊæĴďĨīďìðÅðĴĴìÐÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīșĨīďŒðÌÐÌ

ĴìĴLÐĴăķÐĮìăăĊďĴÅÐīÐĪķðīÐÌĴďĴāÐĊřÌðŒÐĮĴðĴķīÐÆĴðďĊĮ

if such action would or would reasonably be expected to result in a

material adverse effect on JetBlue and its subsidiaries (including

wĨðīðĴĊÌðĴĮĮķÅĮðÌðīðÐĮȨåĴÐīæðŒðĊæÐååÐÆĴĴďĴìÐĴīĊĮÆĴðďĊĮ

ÆďĊĴÐĉĨăĴÐÌÅřĴìÐTÐīæÐīæīÐÐĉÐĊĴșĴāÐĊĮœìďăÐșĊÌðĊ

no event shall JetBlue be required to agree to any such divestiture

ÆĴðďĊĴìĴșðĊLÐĴăķÐȸĮÌðĮÆīÐĴðďĊșœďķăÌÅÐīÐĮďĊÅăřăðāÐăřĴď

ĉĴÐīðăăřĊÌÌŒÐīĮÐăřååÐÆĴĴìÐĊĴðÆðĨĴÐÌÅÐĊÐťĴĮďåĴìÐ

ĨīĴðÐĮĴďĴìÐUďīĴìÐĮĴăăðĊÆÐæīÐÐĉÐĊĴÅÐĴœÐÐĊLÐĴăķÐɁĊÌ

ĉÐīðÆĊðīăðĊÐĮșAĊÆȘșÌĴÐÌĮďåLķăřǠǤșǡǟǡǟșĊÌĴìÐ

æīÐÐĉÐĊĴĮÆďĊĴÐĉĨăĴÐÌĴìÐīÐÅřȘĊřĮķÆìÌðŒÐĮĴðĴķīÐÆĴðďĊ

ĉřÅÐÆďĊÌðĴðďĊÐÌķĨďĊĴìÐÆăďĮðĊæďåĴìÐTÐīæÐīȘ

}ìÐTÐīæÐīæīÐÐĉÐĊĴÆďĊĴðĊĮÆÐīĴðĊÆķĮĴďĉīřĴÐīĉðĊĴðďĊ

īðæìĴĮåďīLÐĴăķÐĊÌwĨðīðĴșðĊÆăķÌðĊæșœðĴìďķĴăðĉðĴĴðďĊșīðæìĴ

åďīÐðĴìÐīĨīĴřĴďĴÐīĉðĊĴÐðåĴìÐTÐīæÐīðĮĊďĴÆďĊĮķĉĉĴÐÌďĊ

ďīÅÐåďīÐLķăřǡǧșǡǟǡǢșœìðÆìĉřÅÐÐŘĴÐĊÌÐÌĴďLĊķīřɁǡǧș

94 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}AA |

A}'TɁǧɁ9AUUAOw}}'T'U}wU#wqqO'T'U}t#}

ǡǟǡǣĊÌĴďLķăřǡǣșǡǟǡǣðĊÆÐīĴðĊÆðīÆķĉĮĴĊÆÐĮȧĮķÆìÌĴÐș

ĮÐŘĴÐĊÌÐÌșĴìÐȵZķĴĮðÌÐ#ĴÐȶȨðåĊÐÐÌÐÌĴďďÅĴðĊĴìÐīÐĪķðīÐÌ

īÐæķăĴďīřĨĨīďŒăĮȘĨďĊĴìÐĴÐīĉðĊĴðďĊďåĴìÐɁTÐīæÐī

æīÐÐĉÐĊĴķĊÌÐīĮĨÐÆðťÐÌÆðīÆķĉĮĴĊÆÐĮșwĨðīðĴœðăăÅÐīÐĪķðīÐÌ

ĴďĨřLÐĴăķÐÅīÐāķĨåÐÐďåɄǨǣĉðăăðďĊȘ}ìÐTÐīæÐīæīÐÐĉÐĊĴ

also provides the methodology by which certain expenses of

LÐĴăķÐœðăăÅÐÅďīĊÐÅřwĨðīðĴȘAĊÌÌðĴðďĊșķĨďĊĴìÐĴÐīĉðĊĴðďĊďå

ĴìÐTÐīæÐīæīÐÐĉÐĊĴÅřLÐĴăķÐÅÐÆķĮÐďåĉĴÐīðășķĊÆķīÐÌ

ÅīÐÆìÅřwĨðīðĴďåĴìÐTÐīæÐīæīÐÐĉÐĊĴșwĨðīðĴœðăăÅÐīÐĪķðīÐÌ

to pay JetBlue an amount equal to the sum of all amounts paid

ÅřLÐĴăķÐĴďĴìÐwĨðīðĴĮĴďÆāìďăÌÐīĮĨīðďīĴďĴìÐÌĴÐďåĮķÆì

ĴÐīĉðĊĴðďĊȘ

AĊĴìÐÐŒÐĊĴĴìĴĴìÐTÐīæÐīæīÐÐĉÐĊĴðĮĴÐīĉðĊĴÐÌÌķÐĴď

ÐðĴìÐīȧȨæďŒÐīĊĉÐĊĴăÐĊĴðĴřðĮĮķðĊæĊďīÌÐīďīĴāðĊæĊř

ďĴìÐīÆĴðďĊĨÐīĉĊÐĊĴăřÐĊþďðĊðĊæďīďĴìÐīœðĮÐĨīďìðÅðĴðĊæĴìÐ

TÐīæÐīķĊÌÐīȘwȘåÐÌÐīăÆďĉĨÐĴðĴðďĊăœĮșďīȧÅȨĴìÐTÐīæÐī

having not occurred by the Outside Date solely to the extent that

the closing condition requiring (i) the waiting period applicable

ĴďĴìÐÆďĊĮķĉĉĴðďĊďåĴìÐTÐīæÐīķĊÌÐīĴìÐ>wtÆĴȧĊÌĊř

customary timing agreement with any governmental entity to

ĴďăășĮĴřșďīÐŘĴÐĊÌĊřĮķÆìœðĴðĊæĨÐīðďÌșďīĴďÌÐăřďīĊďĴĴď

ÆďĊĮķĉĉĴÐĴìÐTÐīæÐīÆďĊĴÐĉĨăĴÐÌÅřĴìÐTÐīæÐīæīÐÐĉÐĊĴ

entered into in connection therewith) to have expired or been

terminated or (ii) that no governmental entity has issued an order

ďīĴāÐĊĊřďĴìÐīÆĴðďĊȧœìÐĴìÐīĴÐĉĨďīīřșĨīÐăðĉðĊīřďī

ĨÐīĉĊÐĊĴȨÐĊþďðĊðĊæďīďĴìÐīœðĮÐĨīďìðÅðĴðĊæĴìÐTÐīæÐīķĊÌÐī

ȘwȘåÐÌÐīăÆďĉĨÐĴðĴðďĊăœĮșĊÌĴìĴĊďăœĮìăăÅÐðĊÐååÐÆĴ

ĉāðĊæĴìÐTÐīæÐīðăăÐæăďīĨīÐŒÐĊĴðĊæĴìÐÆďĊĮķĉĉĴðďĊďåĴìÐ

TÐīæÐīķĊÌÐīȘwȘåÐÌÐīăÆďĉĨÐĴðĴðďĊăœĮșðĊÐðĴìÐīÆĮÐșìĮ

ĊďĴÅÐÐĊĮĴðĮťÐÌĴĴðĉÐœìÐĊăăďĴìÐīÆăďĮðĊæÆďĊÌðĴðďĊĮ

ĴďLÐĴăķÐȸĮďÅăðæĴðďĊĮĴďÆďĊĮķĉĉĴÐĴìÐTÐīæÐīìŒÐÅÐÐĊ

ĮĴðĮťÐÌȧďīīÐÆĨÅăÐďåÅÐðĊæĮĴðĮťÐÌðåĴìÐÆăďĮðĊæœÐīÐĴď

ďÆÆķīďĊĮķÆìÌĴÐďåĴÐīĉðĊĴðďĊȨșĴìÐĊȧðȨĮďăÐăřĴďĴìÐÐŘĴÐĊĴĴìĴ

ĴìÐtÐĉðĊðĊæqīÐĊĴtÐæķăĴďīř9ÐÐȧĮÌÐťĊÐÌðĊĴìÐTÐīæÐī

æīÐÐĉÐĊĴȨðĮæīÐĴÐīĴìĊšÐīďșȧȨLÐĴăķÐœðăăĨřÌðīÐÆĴăřĴď

ĴìÐĮĴďÆāìďăÌÐīĮďåwĨðīðĴĮďåīÐÆďīÌÌĴÐĴìĴðĮťŒÐÅķĮðĊÐĮĮ

ÌřĮåďăăďœðĊæĴìÐÌĴÐďåĮķÆìĴÐīĉðĊĴðďĊĊĉďķĊĴĨÐīwìīÐ

ðĊÆĮìÐĪķăĴďĴìÐtÐĉðĊðĊætÐæķăĴďīř9ÐÐqÐīwìīÐĉďķĊĴ

ȧĮÌÐťĊÐÌðĊĴìÐTÐīæÐīæīÐÐĉÐĊĴȨĊÌȧȨLÐĴăķÐœðăăĨřĴď

wĨðīðĴĊĉďķĊĴÐĪķăĴďĴìÐtÐĉðĊðĊætÐæķăĴďīř9ÐÐœīÌ

ĉďķĊĴșðĊÐÆìÆĮÐșďĊĴìÐĮÐÆďĊÌÅķĮðĊÐĮĮÌřåďăăďœðĊæĮķÆì

īÐÆďīÌÌĴÐșĊÌȧððȨLÐĴăķÐœðăăĨřwĨðīðĴåÐÐðĊĴìÐĉďķĊĴďå

ɄǦǟĉðăăðďĊȧĴìÐȵÌÌðĴðďĊăqīÐĊĴtÐæķăĴďīř9ÐÐȶȨœðĴìðĊĴœď

ÅķĮðĊÐĮĮÌřĮåďăăďœðĊæĴìÐÌĴÐďåĮķÆìĴÐīĉðĊĴðďĊțĨīďŒðÌÐÌș

ìďœÐŒÐīșĴìĴĊÐðĴìÐīĴìÐtÐĉðĊðĊæqīÐĊĴtÐæķăĴďīř9ÐÐĊďī

ĴìÐÌÌðĴðďĊăqīÐĊĴtÐæķăĴďīř9ÐÐœðăăÅÐĨřÅăÐÅřLÐĴăķÐ

ĨķīĮķĊĴĴďĴìÐĴÐīĉĮďåĴìÐTÐīæÐīæīÐÐĉÐĊĴķĊÌÐīĮĨÐÆðťÐÌ

ÆðīÆķĉĮĴĊÆÐĮȘ

tÐåÐīĴďUďĴÐǢĴďďķīÆďĊĮďăðÌĴÐÌåðĊĊÆðăĮĴĴÐĉÐĊĴĮåďī

åķīĴìÐīÌÐĴðăďåĴìÐɄǢȘǤÅðăăðďĊwÐĊðďīwÐÆķīÐÌīðÌæÐ9ÆðăðĴř

ðĮĮķÐÌĴďåķĊÌĴìÐĨķīÆìĮÐďåwĨðīðĴȘ

qīðďī Ĵď ĴìÐ ÐŘÐÆķĴðďĊ ďå ĴìÐ TÐīæÐī æīÐÐĉÐĊĴș wĨðīðĴ

ĴÐīĉðĊĴÐÌĴìÐæīÐÐĉÐĊĴĊÌqăĊďåTÐīæÐīȧĴìÐȵ9īďĊĴðÐī

TÐīæÐīæīÐÐĉÐĊĴȶȨșÌĴÐÌĮďå9ÐÅīķīřǤșǡǟǡǡșÅřĊÌĉďĊæ

9īďĊĴðÐī:īďķĨ>ďăÌðĊæĮșAĊÆȘȧȵ9īďĊĴðÐīȶȨș}ďĨ:ķĊÆĪķðĮðĴðďĊ

ďīĨȘșĊÌwĨðīðĴșðĊÆÆďīÌĊÆÐœðĴìðĴĮĴÐīĉĮĊÌĨķīĮķĊĴĴď

}ÐīĉðĊĴðďĊæīÐÐĉÐĊĴȧĴìÐȵ}ÐīĉðĊĴðďĊæīÐÐĉÐĊĴȶȨĉďĊæ

ĴìÐĨīĴðÐĮȘďĊĮðĮĴÐĊĴœðĴìĴìÐ9īďĊĴðÐīTÐīæÐīæīÐÐĉÐĊĴĊÌ

ĨķīĮķĊĴĴďĴìÐ}ÐīĉðĊĴðďĊæīÐÐĉÐĊĴșďĊLķăřǡǨșǡǟǡǡșwĨðīðĴ

ĨðÌɄǡǤɁĉðăăðďĊĴď9īďĊĴðÐīåďīĴìÐīÐðĉÅķīĮÐĉÐĊĴďåĴīĊĮÆĴðďĊ

ÐŘĨÐĊĮÐĮðĊÆķīīÐÌÅř9īďĊĴðÐīȘAĊÆÆďīÌĊÆÐœðĴìĴìÐTÐīæÐī

æīÐÐĉÐĊĴșďĊķæķĮĴǡșǡǟǡǡșLÐĴăķÐīÐðĉÅķīĮÐÌwĨðīðĴåďī

ĴìÐɄǡǤĉðăăðďĊĨðÌĴď9īďĊĴðÐīȘ}ìðĮĉďķĊĴðĮðĊÆăķÌÐÌĮ

ZĴìÐīĮĮÐĴĮðĊĴìÐďĉĨĊřȸĮďĊĮďăðÌĴÐÌăĊÆÐwìÐÐĴĮďå

#ÐÆÐĉÅÐīǢǠșǡǟǡǡĊÌīÐĨďīĴÐÌĮqřĉÐĊĴåďīwĨðīðĴðīăðĊÐĮ

ÆĪķðĮðĴðďĊðĊĴìÐďĉĨĊřȸĮďĊĮďăðÌĴÐÌwĴĴÐĉÐĊĴĮďåĮì

9ăďœĮåďīĴìÐĴœÐăŒÐĉďĊĴìĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON

ACCOUNTING AND FINANCIAL DISCLOSURE

UďĊÐȘ

ITEM 9A CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined

ðĊtķăÐǠǢȭǠǤȧÐȨďītķăÐǠǤÌȭǠǤȧÐȨķĊÌÐīĴìÐ'ŘÆìĊæÐÆĴȨ

that are designed to ensure that information required to be

ÌðĮÆăďĮÐÌÅřķĮðĊīÐĨďīĴĮĴìĴœÐťăÐķĊÌÐīĴìÐ'ŘÆìĊæÐÆĴ

ðĮīÐÆďīÌÐÌșĨīďÆÐĮĮÐÌșĮķĉĉīðšÐÌșĊÌīÐĨďīĴÐÌœðĴìðĊĴìÐ

ĴðĉÐĨÐīðďÌĮĮĨÐÆðťÐÌðĊĴìÐw'ȸĮīķăÐĮĊÌåďīĉĮĊÌĴìĴĮķÆì

ðĊåďīĉĴðďĊīÐĪķðīÐÌĴďÅÐÌðĮÆăďĮÐÌÅřķĮðĊīÐĨďīĴĮĴìĴœÐťăÐ

under the Exchange Act is accumulated and communicated

ĴďďķīĉĊæÐĉÐĊĴșðĊÆăķÌðĊæďķīìðÐå'ŘÐÆķĴðŒÐZååðÆÐīșďī

'ZșĊÌďķīìðÐå9ðĊĊÆðăZååðÆÐīșďī9ZșĴďăăďœĴðĉÐăř

ÌÐÆðĮðďĊĮīÐæīÌðĊæīÐĪķðīÐÌÌðĮÆăďĮķīÐȘTĊæÐĉÐĊĴșœðĴì

ĴìÐĨīĴðÆðĨĴðďĊďåďķī'ZĊÌ9ZșĨÐīåďīĉÐÌĊÐŒăķĴðďĊ

of the effectiveness of our disclosure controls and procedures

Įďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘĮÐÌďĊĴìĴÐŒăķĴðďĊșďķī'ZĊÌ

CFO concluded that our disclosure controls and procedures were

ÐååÐÆĴðŒÐĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡȘ

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Management’s Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining

ÌÐĪķĴÐðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæȧĮÌÐťĊÐÌðĊ

tķăÐǠǢȭǠǤȧåȨďītķăÐǠǤÌȭǠǤȧåȨķĊÌÐīĴìÐ'ŘÆìĊæÐÆĴȨȘĊÌÐī

ĴìÐĮķĨÐīŒðĮðďĊĊÌœðĴìĴìÐĨīĴðÆðĨĴðďĊďåďķīĉĊæÐĉÐĊĴș

ðĊÆăķÌðĊæďķī'ZĊÌ9ZșœÐÆďĊÌķÆĴÐÌĊÐŒăķĴðďĊďåĴìÐ

ÐååÐÆĴðŒÐĊÐĮĮďåďķīðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæÅĮÐÌ

ďĊĴìÐåīĉÐœďīāðĊAĊĴÐīĊăďĊĴīďăȰAĊĴÐæīĴÐÌ9īĉÐœďīāðĮĮķÐÌ

ÅřĴìÐďĉĉðĴĴÐÐďåwĨďĊĮďīðĊæZīæĊðšĴðďĊĮďåĴìÐ}īÐÌœř

ďĉĉðĮĮðďĊȧǡǟǠǢ9īĉÐœďīāȨȘĮÐÌďĊĴìĴÐŒăķĴðďĊșďķī

ĉĊæÐĉÐĊĴÆďĊÆăķÌÐÌĴìĴďķīðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðă

īÐĨďīĴðĊæœĮÐååÐÆĴðŒÐĮďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡĴďĨīďŒðÌÐ

īÐĮďĊÅăÐĮĮķīĊÆÐīÐæīÌðĊæĴìÐīÐăðÅðăðĴřďåťĊĊÆðăīÐĨďīĴðĊæ

and the preparation of consolidated financial statements for

ÐŘĴÐīĊăīÐĨďīĴðĊæĨķīĨďĮÐĮðĊÆÆďīÌĊÆÐœðĴì:qȘ

'īĊĮĴɪďķĊæOOqșĴìÐðĊÌÐĨÐĊÌÐĊĴīÐæðĮĴÐīÐÌĨķÅăðÆÆÆďķĊĴðĊæ

ťīĉĴìĴķÌðĴÐÌďķīÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮðĊÆăķÌÐÌ

ðĊĴìðĮĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNșķÌðĴÐÌĴìÐÐååÐÆĴðŒÐĊÐĮĮďå

ďķīðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæĮďå#ÐÆÐĉÅÐīǢǠș

ǡǟǡǡȘ'īĊĮĴɪďķĊæOOqìĮðĮĮķÐÌĴìÐðīīÐĨďīĴœìðÆìðĮðĊÆăķÌÐÌ

ÐăĮÐœìÐīÐìÐīÐðĊȘ

Changes in Internal Control Over Financial Reporting

}ìÐīÐœÐīÐĊďÆìĊæÐĮðĊďķīðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæȧĮÌÐťĊÐÌðĊtķăÐǠǢȭǠǤȧåȨĊÌtķăÐǠǤÌȭǠǤȧåȨķĊÌÐīĴìÐ'ŘÆìĊæÐ

ÆĴȨðÌÐĊĴðťÐÌðĊÆďĊĊÐÆĴðďĊœðĴìĴìÐÐŒăķĴðďĊďåďķīÆďĊĴīďăĮĨÐīåďīĉÐÌÌķīðĊæĴìÐĪķīĴÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡĴìĴìŒÐ

ĉĴÐīðăăřååÐÆĴÐÌșďīīÐīÐĮďĊÅăřăðāÐăřĴďĉĴÐīðăăřååÐÆĴșďķīðĊĴÐīĊăÆďĊĴīďăďŒÐīťĊĊÆðăīÐĨďīĴðĊæȘ

ITEM 9B OTHER INFORMATION

UďĊÐȘ

ITEM 9C DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT

PREVENT INSPECTIONS

UďĴĨĨăðÆÅăÐȘ

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PART III

ITEM 10 DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE

GOVERNANCE

Code of Ethics

We adopted a Code of Ethics within the meaning of Item 406(b) of

SEC Regulation S-K. This Code of Ethics applies to our principal

executive officer, principal financial officer, and principal

ÆÆďķĊĴðĊæďŨÆÐīȘ}ìðĮďÌÐďå'ĴìðÆĮðĮĨķÅăðÆăřŒðăÅăÐďĊ

our website at http://invest or.jetblue .com. If we make substantive

ĉÐĊÌĉÐĊĴĮĴďĴìðĮďÌÐďå'ĴìðÆĮďīæīĊĴĊřœðŒÐīșðĊÆăķÌðĊæ

ĊřðĉĨăðÆðĴœðŒÐīșœÐœðăăÌðĮÆăďĮÐĴìÐĊĴķīÐďåĮķÆìĉÐĊÌĉÐĊĴ

or waiver on our website or in a report on Form 8-K within four

ÌřĮďåĮķÆìĉÐĊÌĉÐĊĴďīœðŒÐīȘ

'ŘÐÆķĴðŒÐZŨÆÐīĮďåĴìÐtÐæðĮĴīĊĴ

ÐīĴðĊðĊåďīĉĴðďĊÆďĊÆÐīĊðĊæLÐĴăķÐȸĮÐŘÐÆķĴðŒÐďŨÆÐīĮĮ

ďå#ÐÆÐĉÅÐīǢǠșǡǟǡǡåďăăďœĮȘ}ìÐīÐīÐĊďåĉðăřīÐăĴðďĊĮìðĨĮ

ÅÐĴœÐÐĊĊřďåďķīÐŘÐÆķĴðŒÐďŨÆÐīĮȘ

Robin Hayes, age 56, is our Chief Executive Officer. He was

ĨīďĉďĴÐÌĴďìðÐå'ŘÐÆķĴðŒÐZŨÆÐīďĊ9ÐÅīķīřǠǥșǡǟǠǤĊÌ

ĮÐīŒÐÌĮďķīqīÐĮðÌÐĊĴåīďĉLĊķīřǡǟǠǣĴďTřǡǟǠǧȘ>ÐþďðĊÐÌ

LÐĴăķÐĮðĴĮìðÐåďĉĉÐīÆðăZŨÆÐīðĊǡǟǟǧșåĴÐīĊðĊÐĴÐÐĊ

řÐīĮĴīðĴðĮìðīœřĮȘAĊìðĮăĮĴīďăÐĴīðĴðĮìðīœřĮșTīȘ

>řÐĮĮÐīŒÐÌĮ'ŘÐÆķĴðŒÐðÆÐqīÐĮðÌÐĊĴåďī}ìÐĉÐīðÆĮĊÌ

before that he served in a number of operational and commercial

ĨďĮðĴðďĊĮðĊĴìÐNĊÌ:ÐīĉĊřȘ

Joanna Geraghty, age 50, is our President and Chief Operating

ZŨÆÐīȘwìÐœĮĨĨďðĊĴÐÌĴďĴìÐĨďĮðĴðďĊðĊTřǡǟǠǧȘTĮȘ:ÐīæìĴř

þďðĊÐÌLÐĴăķÐðĊǡǟǟǤĊÌœĮĉďĮĴīÐÆÐĊĴăřďķī'ŘÐÆķĴðŒÐðÆÐ

President Customer Experience from 2014 to 2018. She served as

'ŘÐÆķĴðŒÐðÆÐqīÐĮðÌÐĊĴìðÐåqÐďĨăÐZŨÆÐīåīďĉǡǟǠǟĴďǡǟǠǣ

ĊÌœĮĨīÐŒðďķĮăřĴìÐðīăðĊÐȸĮðÆÐqīÐĮðÌÐĊĴĊÌĮĮďÆðĴÐ

:ÐĊÐīăďķĊĮÐăĊÌ#ðīÐÆĴďīďåOðĴðæĴðďĊĊÌtÐæķăĴďīřååðīĮȘ

Ursula Hurley, age 41, is our Chief Financial Officer. She was

ĨĨďðĊĴÐÌĴďĴìÐĨďĮðĴðďĊðĊLķĊÐǡǟǡǠȘTĮȘ>ķīăÐřťīĮĴþďðĊÐÌ

LÐĴăķÐȸĮåðĊĊÆÐĴÐĉðĊǡǟǟǣĊÌĮķÅĮÐĪķÐĊĴăřĮÐīŒÐÌðĊ

ĨďĮðĴðďĊĮďåðĊÆīÐĮðĊæīÐĮĨďĊĮðÅðăðĴřșðĊÆăķÌðĊæĮ#ðīÐÆĴďīș

ĮĮðĮĴĊĴ}īÐĮķīÐīɪ9ķÐăåīďĉLķĊÐǡǟǠǡĴďLķăřǡǟǠǦĊÌ

ðÆÐqīÐĮðÌÐĊĴwĴīķÆĴķīăqīďæīĉĮåīďĉLķăřǡǟǠǦĴďLķăřǡǟǠǧȘ

9īďĉLķăřǡǟǠǧĴďĨīðăǡǟǡǠșTĮȘ>ķīăÐřœĮĴìÐðÆÐqīÐĮðÌÐĊĴ

Treasurer, responsible for debt and cash management, cash

ŦďœșåķÐăĊÌðĊĴÐīÐĮĴīĴÐìÐÌæðĊæșĮĴīĴÐæðÆĮďķīÆðĊæșĊÌŦÐÐĴ

ĮĴīĴÐæřșðĊÆăķÌðĊæðīÆīåĴĊÌÐĊæðĊÐĮďķīÆðĊæȘ

Brandon Nelson, age 48, is our General Counsel and Corporate

wÐÆīÐĴīřȘ>ÐœĮĨĨďðĊĴÐÌĴďĴìÐĨďĮðĴðďĊðĊUďŒÐĉÅÐīǡǟǠǧȘ

TīȘUÐăĮďĊþďðĊÐÌLÐĴăķÐðĊǡǟǟǤĊÌĨīÐŒðďķĮăřĮÐīŒÐÌĮ

#ðīÐÆĴďīșďīĨďīĴÐďķĊĮÐăĊÌĮĮðĮĴĊĴwÐÆīÐĴīřÅÐåďīÐÅÐðĊæ

ĨīďĉďĴÐÌðĊǡǟǟǨĴďðÆÐqīÐĮðÌÐĊĴșĮĮďÆðĴÐ:ÐĊÐīăďķĊĮÐăȘ

qīðďīĴďLÐĴăķÐșTīȘUÐăĮďĊĨīÆĴðÆÐÌÆďīĨďīĴÐĊÌÅķĮðĊÐĮĮ

ăðĴðæĴðďĊăœĴåðīĉĮðĊăðåďīĊðĊÌUÐœďīāșðĊÆăķÌðĊæ

wìÐīĉĊɪwĴÐīăðĊæOOqȘ

Carol Clements,æÐǣǦșðĮďķīìðÐå#ðæðĴăĊÌ}ÐÆìĊďăďæřZŨÆÐīȘ

wìÐœĮĨĨďðĊĴÐÌĴďĴìÐĨďĮðĴðďĊðĊĨīðăǡǟǡǠȘqīðďīĴďþďðĊðĊæ

LÐĴăķÐșTĮȘăÐĉÐĊĴĮĮÐīŒÐÌĮìðÐå}ÐÆìĊďăďæřZŨÆÐīåďīqðšš

Hut where she oversaw its e-commerce channels, restaurant

ɪÌÐăðŒÐīřĴÐÆìĊďăďæřșĊÌÌĴɪĊăřĴðÆĮȘTĮȘăÐĉÐĊĴĮăĮď

ĮĨÐĊĴǠǠřÐīĮĴwďķĴìœÐĮĴðīăðĊÐĮœìÐīÐĮìÐìÐăÌŒīðÐĴřďå

leadership roles.

Al Spencer,æÐǣǠșðĮďķīðÆÐqīÐĮðÌÐĊĴďĊĴīďăăÐīĊÌqīðĊÆðĨă

ÆÆďķĊĴðĊæZŨÆÐīșĨďĮðĴðďĊìÐìĮìÐăÌĮðĊÆÐTřǡǟǡǡȘqīðďī

ĴďþďðĊðĊæLÐĴăķÐșTīȘwĨÐĊÆÐīœďīāÐÌĴĴìÐqīðĮȭÅĮÐÌĨķÅăðÆăř

ĴīÌÐÌæĮÆďĉĨĊřșðīOðĪķðÌÐșœìÐīÐìÐĮÐīŒÐÌĮ#ÐĨķĴř9Z

UďīĴìĉÐīðÆĊÌďīĨďīĴÐďĊĴīďăăÐīĮðĊÆÐǡǟǠǦȘÐåďīÐþďðĊðĊæ

ðīOðĪķðÌÐșìÐĮÐīŒÐÌåďīťŒÐřÐīĮĮĮĮðĮĴĊĴďĊĴīďăăÐīœðĴì

UAķðăÌðĊæwřĮĴÐĉĮȘTīȘwĨÐĊÆÐīÅÐæĊìðĮÆīÐÐīœðĴìNqT:ș

ÅÐåďīÐìďăÌðĊæĊķĉÅÐīďåÆÆďķĊĴðĊæĊÌťĊĊÆÐīďăÐĮœðĴì

wřĮÆď9ďďÌĮș9īðÐÌāðĊwÐīŒðÆÐĮ:īďķĨșĊÌ'ŘĨīÐĮĮLÐĴðīăðĊÐĮȘ

Dave Clark, age 46, is our Head of Revenue and Planning. He

œĮĨĨďðĊĴÐÌĴďĴìÐĨďĮðĴðďĊðĊLĊķīřǡǟǡǡȘTīȘăīāþďðĊÐÌ

LÐĴăķÐðĊTřǡǟǟǨĊÌĨīÐŒðďķĮăřĮÐīŒÐÌĮðÆÐqīÐĮðÌÐĊĴďå

wăÐĮĊÌtÐŒÐĊķÐTĊæÐĉÐĊĴĊÌðÆÐqīÐĮðÌÐĊĴďåUÐĴœďīā

qăĊĊðĊæȘqīðďīĴďþďðĊðĊæLÐĴăķÐșTīȘăīāœĮĨīďþÐÆĴăÐÌÐī

ðĊĴìÐďĮĴďĊďĊĮķăĴðĊæ:īďķĨȸĮ}īŒÐăɪ}ďķīðĮĉĨīÆĴðÆÐȘ

Alexander Chatkewitz,æÐǤǧșœĮďķīðÆÐqīÐĮðÌÐĊĴĊÌìðÐå

ÆÆďķĊĴðĊæZŨÆÐīșĨďĮðĴðďĊìÐìÐăÌĮðĊÆÐ#ÐÆÐĉÅÐīǡǟǠǣȘqīðďīĴď

þďðĊðĊæLÐĴăķÐșTīȘìĴāÐœðĴšœďīāÐÌĴqìðăðĨTďīīðĮAĊĴÐīĊĴðďĊăș

œìÐīÐìÐĮÐīŒÐÌĮðÆÐqīÐĮðÌÐĊĴɪ ďĊĴīďăăÐī ȭ9ðĊĊÆðă

97JETBLUE AIRWAYS CORPORATION |

2022

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tÐĨďīĴðĊæɁɪÆÆďķĊĴðĊætÐĮÐīÆìĮðĊÆÐǡǟǟǧȘqīðďīĴďqìðăăðĨTďīīðĮș

ìÐĮÐīŒÐÌåďīÌÐÆÌÐĮăĴīð:īďķĨȸĮðÆÐqīÐĮðÌÐĊĴĮĮðĮĴĊĴ

ďĊĴīďăăÐīɁȭ9ðĊĊÆðătÐĨďīĴðĊæɪďĊĮďăðÌĴðďĊĮȘTīȘɁìĴāÐœðĴš

ăĮďìÐăÌĨďĮðĴðďĊĮĴTīĮìɪTÆOÐĊĊĊďĉĨĊðÐĮĮœÐăăĮĴìÐ

ķÌðĴĨīÆĴðÆÐďå#ÐăďðĴĴÐɪ}ďķÆìÐȘ

TīȘìĴāÐœðĴšīÐĮðæĊÐÌåīďĉìðĮĨďĮðĴðďĊĮðÆÐqīÐĮðÌÐĊĴĊÌ

ìðÐåÆÆďķĊĴðĊæďŨÆÐīðĊTřǡǟǡǡȘ

Scott Laurence, age 49, was our Head of Revenue and Planning. He

œĮĨĨďðĊĴÐÌĴďĴìÐīďăÐðĊLķĊÐǡǟǠǨĊÌþďðĊÐÌLÐĴăķÐðĊǡǟǟǧȘ

TīȘOķīÐĊÆÐďŒÐīĮÐÐĮLÐĴăķÐȸĮĮăÐĮĊÌīÐŒÐĊķÐĉĊæÐĉÐĊĴ

ďīæĊðšĴðďĊșĊÐĴœďīāĨăĊĊðĊæșĊÌďĨÐīĴðďĊăĨăĊĊðĊæɪ

ĊăřĮðĮȘqīðďīĴďþďðĊðĊæLÐĴăķÐșTīȘOķīÐĊÆÐĮÐīŒÐÌðĊŒīðďķĮ

ÆďĉĉÐīÆðăīďăÐĮĴwðīœřĮĊÌĊðĴÐÌðīăðĊÐĮåďīǠǢřÐīĮȘ

TīȘOķīÐĊÆÐīÐĮðæĊÐÌåīďĉìðĮĨďĮðĴðďĊĮ>ÐÌďåtÐŒÐĊķÐĊÌ

qăĊĊðĊæðĊLĊķīřǡǟǡǡȘ

}ìÐďĴìÐīðĊåďīĉĴðďĊīÐĪķðīÐÌÅřĴìðĮAĴÐĉœðăăÅÐðĊÆăķÌÐÌðĊ

ĊÌðĮðĊÆďīĨďīĴÐÌìÐīÐðĊÅřīÐåÐīÐĊÆÐåīďĉďķīÌÐťĊðĴðŒÐĨīďŘř

ĮĴĴÐĉÐĊĴåďīďķīǡǟǡǢĊĊķăTÐÐĴðĊæďåwĴďÆāìďăÌÐīĮĴďÅÐťăÐÌ

œðĴìĴìÐw'ĨķīĮķĊĴĴďtÐæķăĴðďĊǠǣœðĴìðĊǠǡǟÌřĮåĴÐīĴìÐ

ÐĊÌďåďķīǡǟǡǡťĮÆăřÐīșďīďķīǡǟǡǢqīďŘřwĴĴÐĉÐĊĴȘ

ITEM 11 EXECUTIVE COMPENSATION

}ìÐðĊåďīĉĴðďĊīÐĪķðīÐÌÅřĴìðĮAĴÐĉœðăăÅÐðĊÆăķÌÐÌðĊĊÌðĮðĊÆďīĨďīĴÐÌìÐīÐðĊÅřīÐåÐīÐĊÆÐåīďĉďķīǡǟǡǢqīďŘřwĴĴÐĉÐĊĴȘ

ITEM 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,

AND DIRECTOR INDEPENDENCE

ITEM 14 PRINCIPAL ACCOUNTING FEES AND SERVICES

98 JETBLUE AIRWAYS CORPORATION |

2022

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qt}AAA |

A}'TǠǠɁ''}A'ZTq'Uw}AZU

PART IV

ITEM 15 EXHIBITS, FINANCIAL STATEMENT SCHEDULES

1. Financial statements:

tÐĨďīĴĮďåAĊÌÐĨÐĊÌÐĊĴtÐæðĮĴÐīÐÌqķÅăðÆÆÆďķĊĴðĊæ9ðīĉȧqZA#ȚǣǡȨ

Consolidated Balance Sheets — December 31, 2022 and December 31, 2021

ďĊĮďăðÌĴÐÌwĴĴÐĉÐĊĴĮďåZĨÐīĴðďĊĮȰ9ďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠĊÌǡǟǡǟ

ďĊĮďăðÌĴÐÌwĴĴÐĉÐĊĴĮďåďĉĨīÐìÐĊĮðŒÐOďĮĮȰ9ďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠĊÌǡǟǡǟ

ďĊĮďăðÌĴÐÌwĴĴÐĉÐĊĴĮďåĮì9ăďœĮȰ9ďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠĊÌǡǟǡǟ

ďĊĮďăðÌĴÐÌwĴĴÐĉÐĊĴĮďåwĴďÆāìďăÌÐīĮȸ'ĪķðĴřȰ9ďīĴìÐřÐīĮÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǡșǡǟǡǠĊÌǡǟǡǟ

UďĴÐĮĴďďĊĮďăðÌĴÐÌ9ðĊĊÆðăwĴĴÐĉÐĊĴĮ

2. Financial Statement Schedules:

wÆìÐÌķăÐAAȰăķĴðďĊďåsķăðåřðĊæÆÆďķĊĴĮĊÌtÐĮÐīŒÐĮ

ăăďĴìÐīĮÆìÐÌķăÐĮìŒÐÅÐÐĊďĉðĴĴÐÌÅÐÆķĮÐĴìÐřīÐðĊĨĨăðÆÅăÐșĊďĴīÐĪķðīÐÌșďīĴìÐðĊåďīĉĴðďĊðĮðĊÆăķÌÐÌÐăĮÐœìÐīÐðĊĴìÐ

ÆďĊĮďăðÌĴÐÌťĊĊÆðăĮĴĴÐĉÐĊĴĮďīĊďĴÐĮĴìÐīÐĴďȘ

3. 'ŘìðÅðĴĮȚwÐÐÆÆďĉĨĊřðĊæ'ŘìðÅðĴAĊÌÐŘðĊÆăķÌÐÌåĴÐīĴìÐĮðæĊĴķīÐĨæÐďåĴìðĮtÐĨďīĴåďīăðĮĴďåĴìÐÐŘìðÅðĴĮťăÐÌďīåķīĊðĮìÐÌ

œðĴìďīðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐðĊĴìðĮtÐĨďīĴȘ

ITEM 16 FORM 10-K SUMMARY

Omitted.

99JETBLUE AIRWAYS CORPORATION |

2022

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Signatures

qķīĮķĊĴĴďĴìÐīÐĪķðīÐĉÐĊĴĮďåwÐÆĴðďĊǠǢďīǠǤȧÌȨďåĴìÐwÐÆķīðĴðÐĮ'ŘÆìĊæÐÆĴďåǠǨǢǣșĴìÐīÐæðĮĴīĊĴìĮÌķăřÆķĮÐÌĴìðĮtÐĨďīĴ

ĴďÅÐĮðæĊÐÌďĊðĴĮÅÐìăåÅřĴìÐķĊÌÐīĮðæĊÐÌșĴìÐīÐķĊĴďÌķăřķĴìďīðšÐÌȘ

řȚ

JETBLUE AIRWAYS CORPORATION

(Registrant)

ȥĮȥăwĨÐĊÆÐī

#ĴÐȚ9ÐÅīķīřǡǦșǡǟǡǢ

ðÆÐqīÐĮðÌÐĊĴșďĊĴīďăăÐīșĊÌ

qīðĊÆðĨăÆÆďķĊĴðĊæZŨÆÐī

NUZOOq'twZUw}>'w'qt'w'U}wșĴìĴÐÆìĨÐīĮďĊ

whose signature appears below constitutes and appoints Brandon

UÐăĮďĊìðĮďīìÐīĴĴďīĊÐřȭðĊȭåÆĴœðĴìĨďœÐīďåĮķÅĮĴðĴķĴðďĊåďī

ìðĉďīìÐīðĊĊřĊÌăăÆĨÆðĴðÐĮșĴďĮðæĊĊřĉÐĊÌĉÐĊĴĮș

ĮķĨĨăÐĉÐĊĴĮďīďĴìÐīÌďÆķĉÐĊĴĮīÐăĴðĊæĴďĴìðĮĊĊķătÐĨďīĴ

ďĊ9ďīĉǠǟȭNœìðÆììÐďīĮìÐÌÐÐĉĮĊÐÆÐĮĮīřďīĨĨīďĨīðĴÐș

ĊÌĴďťăÐĴìÐĮĉÐșœðĴìÐŘìðÅðĴĮĴìÐīÐĴďșĊÌďĴìÐīÌďÆķĉÐĊĴĮ

in connection therewith, with the Securities and Exchange

ďĉĉðĮĮðďĊșìÐīÐÅřīĴðåřðĊæĊÌÆďĊåðīĉðĊæ ăă ĴìĴĮķÆì

ĴĴďīĊÐřȭðĊȭåÆĴďīĴìÐðīĮķÅĮĴðĴķĴÐĉřÌďďīÆķĮÐĴďÅÐÌďĊÐ

ÅřŒðīĴķÐìÐīÐďåȘ

qķīĮķĊĴĴďĴìÐīÐĪķðīÐĉÐĊĴĮďåĴìÐwÐÆķīðĴðÐĮ'ŘÆìĊæÐÆĴďå

ǠǨǢǣșĴìðĮtÐĨďīĴìĮÅÐÐĊĮðæĊÐÌÅÐăďœÅřĴìÐåďăăďœðĊæĨÐīĮďĊĮ

on behalf of the registrant and in the capacities and on the dates

indicated.

Signature Capacity Date

ȥwȥtZAU>'w ìðÐå'ŘÐÆķĴðŒÐZŨÆÐīĊÌ#ðīÐÆĴďī

ȧqīðĊÆðĨă'ŘÐÆķĴðŒÐZŨÆÐīȨ

9ÐÅīķīřǡǦșǡǟǡǢ

tďÅðĊ>řÐĮ

ȥwȥtwO>tO' ìðÐå9ðĊĊÆðăZŨÆÐī

ȧqīðĊÆðĨă9ðĊĊÆðăZŨÆÐīȨ

9ÐÅīķīřǡǦșǡǟǡǢ

īĮķă>ķīăÐř

ȥwȥOwq'U't ðÆÐqīÐĮðÌÐĊĴșďĊĴīďăăÐīșĊÌìðÐåÆÆďķĊĴðĊæ

ZŨÆÐīȧqīðĊÆðĨăÆÆďķĊĴðĊæZŨÆÐīȨ

9ÐÅīķīřǡǦșǡǟǡǢ

ăwĨÐĊÆÐī

ȥwȥȘ'UO#U¢ Director 9ÐÅīķīřǡǦșǡǟǡǢ

ȘÐĊăÌĊš

ȥwȥq'}'tZU'qt}> Director 9ÐÅīķīřǡǦșǡǟǡǢ

Peter Boneparth

ȥwȥTZU}'9Zt# Director 9ÐÅīķīřǡǦșǡǟǡǢ

TďĊĴÐ9ďīÌ

ȥwȥ'OO'UL''}} Director 9ÐÅīķīřǡǦșǡǟǡǢ

Ellen Jewett

/S/ ROBERT LEDUC Director 9ÐÅīķīřǡǦșǡǟǡǢ

Robert Leduc

ȥwȥ}'tAqȘTOt' Director 9ÐÅīķīřǡǦșǡǟǡǢ

}ÐīðqȘTÆăķīÐ

ȥwȥUANTA}}O Director 9ÐÅīķīřǡǦșǡǟǡǢ

UðāTðĴĴă

ȥwȥwt>tZZȾ>:U Director 9ÐÅīķīřǡǦșǡǟǡǢ

wīìtďÅÅZȾ>æĊ

ȥwȥA'Nw>tT Director 9ÐÅīķīřǡǦșǡǟǡǢ

ðŒÐāwìīĉ

/s/ Thomas Winkelmann Director 9ÐÅīķīřǡǦșǡǟǡǢ

Thomas Winkelmann

100 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

2.1 æīÐÐĉÐĊĴĊÌqăĊďåTÐīæÐīșÌĴÐÌLķăřǡǧșǡǟǡǡșÅřĊÌĉďĊæLÐĴăķÐðīœřĮďīĨďīĴðďĊșwķĊÌďœĊÆĪķðĮðĴðďĊ

ďīĨȘșĊÌwĨðīðĴðīăðĊÐĮșAĊÆȘȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǡȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNȥÌĴÐÌLķăřǡǧș

ǡǟǡǡĊÌťăÐÌďĊķæķĮĴǠǥșǡǟǡǡȘ

3.1 ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌÐīĴðťÆĴÐďåAĊÆďīĨďīĴðďĊďåLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴ

ǢȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌTřǠǦșǡǟǠǥĊÌťăÐÌďĊTřǡǟșǡǟǠǥȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

3.1(a) ÐīĴðťÆĴÐďåĉÐĊÌĉÐĊĴďåĴìÐĉÐĊÌÐÌĊÌtÐĮĴĴÐÌÐīĴðťÆĴÐďåAĊÆďīĨďīĴðďĊďåLÐĴăķÐðīœřĮďīĨďīĴðďĊȰ

ðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǢȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌTřǠǣșǡǟǡǟĊÌťăÐÌďĊTřǡǟșǡǟǡǟȘ

3.2 ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌřăœĮďåLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǢȘǠĴďďķīķīīÐĊĴ

tÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌ9ÐÅīķīřǠǦșǡǟǡǢĊÌťăÐÌďĊ9ÐÅīķīřǠǦșǡǟǡǢȘ

3.3 ÐīĴðťÆĴÐďå#ÐĮðæĊĴðďĊďåwÐīðÐĮqīĴðÆðĨĴðĊæqīÐåÐīīÐÌwĴďÆāÌĴÐÌĨīðăǠșǡǟǟǡȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǢȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌLķăřǠǟșǡǟǟǢĊÌťăÐÌďĊLķăřǠǟșǡǟǟǢȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

4.1 wĨÐÆðĉÐĊwĴďÆāÐīĴðťÆĴÐȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠĴďĴìÐtÐæðĮĴīĴðďĊwĴĴÐĉÐĊĴďĊ9ďīĉwȭǠșĮ

ĉÐĊÌÐÌȧ9ðăÐUďȘǢǢǢȭǧǡǤǦǥȨȘ

4.3 qĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌðăĉðĊæĴďĊ

}īķĮĴďĉĨĊřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌ

ťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(a) }īķĮĴwķĨĨăÐĉÐĊĴUďȘǡǟǠǨȭǠșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌðăĉðĊæĴďĊ

}īķĮĴďĉĨĊřșĮăĮĮ}īķĮĴÐÐșĴďĴìÐqĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(b) }īķĮĴwķĨĨăÐĉÐĊĴUďȘǡǟǠǨȭǠșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌðăĉðĊæĴďĊ

}īķĮĴďĉĨĊřșĮăĮĮ}īķĮĴÐÐșĴďĴìÐqĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǢĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(c) 9ďīĉďåqĮĮ}ìīďķæì}īķĮĴÐīĴðťÆĴÐșwÐīðÐĮǡǟǠǨȭǠȧðĊÆăķÌÐÌðĊ'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǢȧȨȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐ

Ĵď'ŘìðÅðĴǣȘǣĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(d) 9ďīĉďåqĮĮ}ìīďķæì}īķĮĴÐīĴðťÆĴÐșwÐīðÐĮǡǟǠǨȭǠȧðĊÆăķÌÐÌðĊ'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǢȧÅȨȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐ

Ĵď'ŘìðÅðĴǣȘǤĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(e) AĊĴÐīÆīÐÌðĴďīæīÐÐĉÐĊĴȧǡǟǠǨȭǠȨșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșĉďĊæLÐĴăķÐðīœřĮďīĨďīĴðďĊșðăĉðĊæĴďĊ}īķĮĴ

ďĉĨĊřșĮ}īķĮĴÐÐďåĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǠǨȭǠĊÌĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴ

ǡǟǠǨȭǠșīÑÌðĴæīðÆďăÐďīĨďīĴÐĊÌAĊŒÐĮĴĉÐĊĴĊāșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴř

qīďŒðÌÐīĊÌðăĉðĊæĴďĊ}īķĮĴďĉĨĊřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǥĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭN

ÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(f) tÐŒďăŒðĊæīÐÌðĴæīÐÐĉÐĊĴȧǡǟǠǨȭǠȨșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșÅÐĴœÐÐĊðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮ

wķÅďīÌðĊĴðďĊæÐĊĴșĮæÐĊĴĊÌĴīķĮĴÐÐåďīĴìÐĴīķĮĴÐÐďåLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǠǨȭǠĊÌĮ

ďīīďœÐīșĊÌīÑÌðĴæīðÆďăÐďīĨďīĴÐĊÌAĊŒÐĮĴĉÐĊĴĊāșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴř

qīďŒðÌÐīȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǦĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊ

UďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(g) tÐŒďăŒðĊæīÐÌðĴæīÐÐĉÐĊĴȧǡǟǠǨȭǠȨșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșÅÐĴœÐÐĊðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮ

wķÅďīÌðĊĴðďĊæÐĊĴșĮæÐĊĴĊÌĴīķĮĴÐÐåďīĴìÐĴīķĮĴÐÐďåLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǠǨȭǠĊÌĮ

ďīīďœÐīșĊÌīÑÌðĴæīðÆďăÐďīĨďīĴÐĊÌAĊŒÐĮĴĉÐĊĴĊāșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴř

qīďŒðÌÐīȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǧĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊ

UďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(h) qīĴðÆðĨĴðďĊæīÐÐĉÐĊĴȧUǨǦǥL}ȨșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșĉďĊæLÐĴăķÐðīœřĮďīĨďīĴðďĊșðăĉðĊæĴďĊ

}īķĮĴďĉĨĊřșĮqĮĮ}ìīďķæì}īķĮĴÐÐķĊÌÐīĴìÐqĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴĮșðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮ

wķÅďīÌðĊĴðďĊæÐĊĴșðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮOďĊ}īķĮĴÐÐșĊÌðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșðĊðĴĮðĊÌðŒðÌķă

ÆĨÆðĴřĮĮÐĴåďīĴìĴìÐīÐðĊȣȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǨĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐī

ǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(i) AĊÌÐĊĴķīÐĊÌwÐÆķīðĴřæīÐÐĉÐĊĴȧUǨǦǥL}ȨșÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌ

ðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮOďĊ}īķĮĴÐÐɵȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǟĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭN

ÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

101JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

ǣȘǢȧþȨ 9ďīĉďåwÐīðÐĮǡǟǠǨȭǠ'ĪķðĨĉÐĊĴUďĴÐĮȧðĊÆăķÌÐÌðĊ'ŘìðÅðĴǣȘǢȧðȨȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǠĴďďķīķīīÐĊĴ

tÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

ǣȘǢȧāȨɵ wÆìÐÌķăÐAȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǠĴďďķīÆķīīÐĊĴīÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌUďŒÐĉÅÐīǠǡșǡǟǠǨĊÌťăÐÌ

ďĊUďŒÐĉÅÐīǠǡșǡǟǠǨȘ

4.3(l) }īķĮĴwķĨĨăÐĉÐĊĴUďȘǡǟǡǟȭǠșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌðăĉðĊæĴďĊ}īķĮĴ

ďĉĨĊřșĮăĮĮ}īķĮĴÐÐșĴďĴìÐqĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

4.3(m) }īķĮĴwķĨĨăÐĉÐĊĴUďȘǡǟǡǟȭǠșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌðăĉðĊæĴďĊ}īķĮĴ

ďĉĨĊřșĮăĮĮ}īķĮĴÐÐșĴďĴìÐqĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǢĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

4.3(n) 9ďīĉďåqĮĮ}ìīďķæì}īķĮĴÐīĴðťÆĴÐșwÐīðÐĮǡǟǡǟȭǠȧðĊÆăķÌÐÌðĊ'ŘìðÅðĴĴď'ŘìðÅðĴĮǣȘǢȧăȨȨȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐ

Ĵď'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

4.3(o) 9ďīĉďåqĮĮ}ìīďķæì}īķĮĴÐīĴðťÆĴÐșwÐīðÐĮǡǟǡǟȭǠȧðĊÆăķÌÐÌðĊ'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǢȧĉȨȨȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐ

Ĵď'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǢĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧĨȨȣȣȣȣ AĊĴÐīÆīÐÌðĴďīæīÐÐĉÐĊĴȧǡǟǡǟȭǠȨșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșĉďĊæLÐĴăķÐðīœřĮďīĨďīĴðďĊșðăĉðĊæĴďĊ}īķĮĴ

ďĉĨĊřșĮ}īķĮĴÐÐďåĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǡǟȭǠĊÌĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴ

ǡǟǡǟȭǠșUĴðŘðĮwȘȘșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴřqīďŒðÌÐīĊÌăĮĮOðĪķðÌðĴřqīďŒðÌÐīș

ĊÌðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮwķÅďīÌðĊĴðďĊæÐĊĴȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǥĴďďķīķīīÐĊĴtÐĨďīĴďĊ

9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧĪȨȣȣȣȣ tÐŒďăŒðĊæīÐÌðĴæīÐÐĉÐĊĴȧǡǟǡǟȭǠȨșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșÅÐĴœÐÐĊðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮwķÅďīÌðĊĴðďĊ

æÐĊĴșĮæÐĊĴĊÌĴīķĮĴÐÐåďīĴìÐĴīķĮĴÐÐďåLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǡǟȭǠĊÌĮďīīďœÐīșĊÌUĴðŘðĮ

wȘȘșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴřqīďŒðÌÐīȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǦĴďďķī

ķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧīȨȣȣȣȣ tÐŒďăŒðĊæīÐÌðĴæīÐÐĉÐĊĴȧǡǟǡǟȭǠȨșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșÅÐĴœÐÐĊðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮwķÅďīÌðĊĴðďĊ

æÐĊĴșĮæÐĊĴĊÌĴīķĮĴÐÐåďīĴìÐĴīķĮĴÐÐďåLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǡǟȭǠĊÌĮďīīďœÐīșĊÌUĴðŘðĮ

wȘȘșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴřqīďŒðÌÐīȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǧĴďďķī

ķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧĮȨȣȣȣȣș

ɵɵ

qīĴðÆðĨĴðďĊæīÐÐĉÐĊĴȧUǨǣǥLOȨșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșĉďĊæLÐĴăķÐðīœřĮďīĨďīĴðďĊșðăĉðĊæĴďĊ

ÆĨÆðĴřĮĮÐĴåďīĴìĴìÐīÐðĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǨĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦș

ǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧĴȨȣȣȣȣș

ɵɵ

AĊÌÐĊĴķīÐĊÌwÐÆķīðĴřæīÐÐĉÐĊĴȧUǨǣǥLOȨșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌ

ðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮOďĊ}īķĮĴÐÐȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǟĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭN

ÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧķȨȣȣȣȣș

ɵɵɵ

qīĴðÆðĨĴðďĊæīÐÐĉÐĊĴȧUǡǟǟǡLȨșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșĉďĊæLÐĴăķÐðīœřĮďīĨďīĴðďĊșðăĉðĊæĴďĊ

ÆĨÆðĴřĮĮÐĴåďīĴìĴìÐīÐðĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦș

ǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧŒȨȣȣȣȣș

ɵɵɵ

AĊÌÐĊĴķīÐĊÌwÐÆķīðĴřæīÐÐĉÐĊĴȧUǡǟǟǡLȨșÌĴÐÌĮďåķæķĮĴǠǦșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌ

ðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮOďĊ}īķĮĴÐÐȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭN

ÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

4.3(w) 9ďīĉďåwÐīðÐĮǡǟǡǟȭǠ'ĪķðĨĉÐĊĴUďĴÐĮȧðĊÆăķÌÐÌðĊ'ŘìðÅðĴĮǣȘǢȘȧĴȨĊÌǣȘǢȧŒȨȨȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴĮǣȘǠǟ

ĊÌǣȘǠǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧŘȨɵɵ wÆìÐÌķăÐAȧĮÐĴĴðĊæåďīĴìĴìÐÌÐĴðăĮÅřœìðÆìĴìÐÌďÆķĉÐĊĴĮīÐåÐīīÐÌĴďĴìÐīÐðĊÌðååÐīåīďĉĴìÐÆďīīÐĮĨďĊÌðĊæ

īÐĨīÐĮÐĊĴĴðŒÐĮĉĨăÐďåÌďÆķĉÐĊĴĮðĊÆăķÌÐÌĮ'ŘìðÅðĴĮǣȘǢȧĮȨĊÌǣȘǢȧĴȨœðĴìīÐĮĨÐÆĴĴďðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘ

UǨǣǥLOȨȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊ

ķæķĮĴǠǧșǡǟǡǟȘ

102 JETBLUE AIRWAYS CORPORATION |

2022

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qt}A

Exhibit Index

ǣȘǢȧřȨɵɵɵ wÆìÐÌķăÐAAȧĮÐĴĴðĊæåďīĴìĴìÐÌÐĴðăĮÅřœìðÆìĴìÐÌďÆķĉÐĊĴĮīÐåÐīīÐÌĴďĴìÐīÐðĊÌðååÐīåīďĉĴìÐÆďīīÐĮĨďĊÌðĊæ

īÐĨīÐĮÐĊĴĴðŒÐĮĉĨăÐďåÌďÆķĉÐĊĴĮðĊÆăķÌÐÌĮ'ŘìðÅðĴĮǣȘǢȧķȨĊÌǣȘǢȧŒȨœðĴìīÐĮĨÐÆĴĴďðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘ

UǡǟǟǡLȨȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌťăÐÌďĊ

ķæķĮĴǠǧșǡǟǡǟȘ

ǣȘǢȧšȨ }īķĮĴwķĨĨăÐĉÐĊĴUďȘǡǟǠǨȭǠșÌĴÐÌĮďåķæķĮĴǡǦșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌðăĉðĊæĴďĊ}īķĮĴ

ďĉĨĊřșĮăĮĮ}īķĮĴÐÐșĴďĴìÐqĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴÌĴÐÌĮďåUďŒÐĉÅÐīǠǡșǡǟǠǨȭðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȘ

4.3(aa) 9ďīĉďåqĮĮ}ìīďķæì}īķĮĴÐīĴðťÆĴÐșwÐīðÐĮǡǟǠǨȭǠȧðĊÆăķÌÐÌðĊ'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǢȧšȨȨȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȘ

ǣȘǢȧÅȨȣȣȣȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌAĊĴÐīÆīÐÌðĴďīæīÐÐĉÐĊĴȧǡǟǠǨȭǠȨșÌĴÐÌĮďåķæķĮĴǡǦșǡǟǡǟșĉďĊæLÐĴăķÐðīœřĮ

ďīĨďīĴðďĊșðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮ}īķĮĴÐÐďåĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǠǨȭǠșĴìÐLÐĴăķÐ

ðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǠǨȭǠĊÌĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǠǨȭǠșīÑÌðĴæīðÆďăÐďīĨďīĴÐĊÌ

AĊŒÐĮĴĉÐĊĴĊāșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴřqīďŒðÌÐīșăĮĮOðĪķðÌðĴřqīďŒðÌÐīĊÌăĮĮ

OðĪķðÌðĴřqīďŒðÌÐīșĊÌðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮwķÅďīÌðĊĴðďĊæÐĊĴȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǣĴďďķī

ķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȘ

ǣȘǢȧÆȨȣȣȣȣ tÐŒďăŒðĊæīÐÌðĴæīÐÐĉÐĊĴȧǡǟǠǨȭǠȨșÌĴÐÌĮďåķæķĮĴǡǦșǡǟǡǟșÅÐĴœÐÐĊðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮwķÅďīÌðĊĴðďĊ

æÐĊĴșĮæÐĊĴĊÌĴīķĮĴÐÐåďīĴìÐĴīķĮĴÐÐďåLÐĴăķÐðīœřĮqĮĮ}ìīďķæì}īķĮĴǡǟǠǨȭǠĊÌĮďīīďœÐīșĊÌīÑÌðĴ

æīðÆďăÐďīĨďīĴÐĊÌAĊŒÐĮĴĉÐĊĴĊāșÆĴðĊæĴìīďķæìðĴĮUÐœďīāīĊÆìșĮăĮĮOðĪķðÌðĴřqīďŒðÌÐīȭðĊÆďīĨďīĴÐÌ

ÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǤĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȘ

ǣȘǢȧÌȨȣȣȣȣș

ɵɵɵɵ

9ðīĮĴĉÐĊÌĉÐĊĴĴďqīĴðÆðĨĴðďĊæīÐÐĉÐĊĴȧUǨǦǥL}ȨșÌĴÐÌĮďåķæķĮĴǡǦșǡǟǡǟșĉďĊæLÐĴăķÐðīœřĮďīĨďīĴðďĊș

ðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮqĮĮ}ìīďķæì}īķĮĴÐÐķĊÌÐīĴìÐqĮĮ}ìīďķæì}īķĮĴæīÐÐĉÐĊĴĮșðăĉðĊæĴďĊ}īķĮĴ

ďĉĨĊřșĮwķÅďīÌðĊĴðďĊæÐĊĴșðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮOďĊ}īķĮĴÐÐșĊÌðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșðĊðĴĮ

ðĊÌðŒðÌķăÆĨÆðĴřĮĮÐĴåďīĴìĴìÐīÐðĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǥĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌ

ķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȘ

ǣȘǢȧÐȨɵɵɵɵ 9ðīĮĴĉÐĊÌĉÐĊĴĴďAĊÌÐĊĴķīÐĊÌwÐÆķīðĴřæīÐÐĉÐĊĴȧUǨǦǥL}ȨșÌĴÐÌĮďåķæķĮĴǡǦșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮ

ďīĨďīĴðďĊĊÌðăĉðĊæĴďĊ}īķĮĴďĉĨĊřșĮOďĊ}īķĮĴÐÐȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǦĴďďķīķīīÐĊĴ

tÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȘ

4.3(af) 9ďīĉďåwÐīðÐĮǡǟǠǨȭǠ'ĪķðĨĉÐĊĴUďĴÐĮȧðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǠĴďďķī9ďīĉǧȭNťăÐÌďĊUďŒÐĉÅÐīǠǡș

ǡǟǠǨșĮĉÐĊÌÐÌÅř'ŘìðÅðĴǣȘǦĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȨȘ

ǣȘǢȧæȨɵɵɵɵ wÆìÐÌķăÐAȧĮÐĴĴðĊæåďīĴìĴìÐÌÐĴðăĮÅřœìðÆìĴìÐÌďÆķĉÐĊĴĮīÐåÐīīÐÌĴďĴìÐīÐðĊÌðååÐīåīďĉĴìÐÆďīīÐĮĨďĊÌðĊæīÐĨīÐĮÐĊĴĴðŒÐ

ĮĉĨăÐďåÌďÆķĉÐĊĴĮðĊÆăķÌÐÌĮ'ŘìðÅðĴĮǣȘǢȧÌȨĊÌǣȘǢȧÐȨœðĴìīÐĮĨÐÆĴĴďðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǨǦǥL}Ȩȭ

ðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǦșǡǟǡǟĊÌťăÐÌďĊķæķĮĴǡǧșǡǟǡǟȘ

4.4 wķĉĉīřďåtðæìĴĮĴďqķīÆìĮÐwÐīðÐĮqīĴðÆðĨĴðĊæqīÐåÐīīÐÌwĴďÆāȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǣĴďĴìÐ

tÐæðĮĴīĴðďĊwĴĴÐĉÐĊĴďĊ9ďīĉwȭǠșĮĉÐĊÌÐÌȧ9ðăÐUďȘǢǢǢȭǧǡǤǦǥȨȘ

4.5 AĊÌÐĊĴķīÐșÌĴÐÌTīÆìǡǤșǡǟǡǠșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊșĮðĮĮķÐīșĊÌðăĉðĊæĴďĊ}īķĮĴșUĴðďĊăĮĮďÆðĴðďĊș

ĮĴīķĮĴÐÐȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǠȘ

4.5(a) 9ďīĉďåǟȘǤǟɦďĊŒÐīĴðÅăÐwÐĊðďīUďĴÐÌķÐǡǟǡǥșÌĴÐÌTīÆìǡǤșǡǟǡǠȧðĊÆăķÌÐÌĮ'ŘìðÅðĴĴď'ŘìðÅðĴǣȘǤȨȰðĊÆďīĨďīĴÐÌ

ÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǠȘ

4.14 īīĊĴæīÐÐĉÐĊĴșÌĴÐÌĮďåĨīðăǡǢșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴ

ďåĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆì

31, 2020.

4.14(a) 9ďīĉďåīīĊĴȧðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴďĊĊÐŘĴď'ŘìðÅðĴǣȘǠǣȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǡĴďďķī

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǟȘ

4.15

īīĊĴæīÐÐĉÐĊĴșÌĴÐÌĮďåwÐĨĴÐĉÅÐīǡǨșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĴìÐĊðĴÐÌwĴĴÐĮ

#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ended September 30, 2020.

4.15(a) 9ďīĉďåīīĊĴȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠȧȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

September 30, 2020.

103JETBLUE AIRWAYS CORPORATION |

2022

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Exhibit Index

4.16 īīĊĴæīÐÐĉÐĊĴșÌĴÐÌĮďåLĊķīřǠǤșǡǟǡǠșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴ

ďåĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǥĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐī

31, 2020.

4.16(a) 9ďīĉďåīīĊĴȧðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴďĊĊÐŘĴď'ŘìðÅðĴǣȘǠǥȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠǥȧȨĴďďķī

ĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǟȘ

ǣȘǠǦ īīĊĴæīÐÐĉÐĊĴșÌĴÐÌĮďåTřǥșǡǟǡǠșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴďå

ĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟș

2021.

ǣȘǠǦȧȨ 9ďīĉďåīīĊĴȧðĊÆăķÌÐÌĮĊĊÐŘĴď'ŘìðÅðĴǣȘǠǦȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǣȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ

9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǡǠȘ

4.18 #ÐĮÆīðĨĴðďĊďåtÐæðĮĴīĊĴȸĮwÐÆķīðĴðÐĮtÐæðĮĴÐīÐÌqķīĮķĊĴĴďwÐÆĴðďĊǠǡďåĴìÐwÐÆķīðĴðÐĮ'ŘÆìĊæÐÆĴďåǠǨǢǣȘ

ǠǟȘǢȣȣ ǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊșðĊÆăķÌðĊæwðÌÐOÐĴĴÐīĮ

UďȘǠĴìīďķæìUďȘǢĊÌUďȘǤĴìīďķæìUďȘǨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďĴìÐtÐæðĮĴīĴðďĊwĴĴÐĉÐĊĴďĊ

9ďīĉwȭǠșĮĉÐĊÌÐÌȧ9ðăÐUďȘǢǢǢȭǧǡǤǦǥȨȘ

ǠǟȘǢȧȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǟĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌĨīðăǡǤșǡǟǟǡȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

LķĊÐǢǟșǡǟǟǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧÅȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǠĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌ9ÐÅīķīřǠǟșǡǟǟǢȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǧĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǟǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧÆȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǡĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌTīÆìǡǣșǡǟǟǢȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

TīÆìǢǠșǡǟǟǢȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧÌȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǢĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌĨīðăǡǢșǡǟǟǢȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌLķĊÐǢǟșǡǟǟǢĊÌ

ťăÐÌďĊLķĊÐǢǟșǡǟǟǢȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧÐȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǣĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌZÆĴďÅÐīǢșǡǟǟǢȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǤĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǟǢȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧåȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǤĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌUďŒÐĉÅÐīǠǟșǡǟǟǢȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǥĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǟǢȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧæȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǥĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌ9ÐÅīķīřǡǟșǡǟǟǣȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ÐĊÌÐÌTīÆìǢǠșǡǟǟǣȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧìȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǦĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌLķĊÐǠǠșǡǟǟǣȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

LķĊÐǢǟșǡǟǟǣȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧðȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǧĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌUďŒÐĉÅÐīǠǨșǡǟǟǣȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNťăÐÌďĊLĊķīřǠǧș

ǡǟǟǤȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧþȨȣȣ wðÌÐOÐĴĴÐīUďȘǠǨĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌLķăřǡǠșǡǟǟǤȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

wÐĨĴÐĉÅÐīǢǟșǡǟǟǤȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧāȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǟĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌLķăřǥșǡǟǟǥȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

LķĊÐǢǟșǡǟǟǥȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

104 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

ǠǟȘǢȧăȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǠĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌLĊķīřǢǟșǡǟǟǦȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ÐĊÌÐÌTīÆìǢǠșǡǟǟǦȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧĉȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǡĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌTīÆìǡǦșǡǟǟǦȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

TīÆìǢǠșǡǟǟǦȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧĊȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǢĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮ:ĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌ#ÐÆÐĉÅÐīǠǧșǡǟǟǦȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧĊȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNșĮĉÐĊÌÐÌșåďī

ĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǦȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧďȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǣĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

ĨīðăǡșǡǟǟǧȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐ

Ǣǟșǡǟǟǧȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧĨȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǤĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

TřǡǦșǡǟǟǧȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐ

Ǣǟșǡǟǟǧȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧĪȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǥĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

LĊķīřǡǦșǡǟǟǨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧĪȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

TīÆìǢǠșǡǟǟǨȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧīȨȣȣ wðÌÐOÐĴĴÐīUďȘǡǦĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

LķĊÐǤșǡǟǟǨȯðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧīȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐ

ǢǟșǡǟǟǨȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧĮȨȣȣ wðÌÐăÐĴĴÐīUďȘǡǧĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

ķæķĮĴǢǠșǡǟǠǟȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧĮȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

wÐĨĴÐĉÅÐīǢǟșǡǟǠǟȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧĴȨȣȣ wðÌÐăÐĴĴÐīUďȘǡǨĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

TīÆìǠǣșǡǟǠǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧĴȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

TīÆìǢǠșǡǟǠǠȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧķȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǟĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

ķæķĮĴǠǦșǡǟǠǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧķȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

wÐĨĴÐĉÅÐīǢǟșǡǟǠǠȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧŒȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǠĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

wÐĨĴÐĉÅÐīǡǦșǡǟǠǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧŒȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

wÐĨĴÐĉÅÐīǢǟșǡǟǠǠȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧœȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǡĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

UďŒÐĉÅÐīǧșǡǟǠǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧœȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǠǠȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧŘȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǢĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

#ÐÆÐĉÅÐīǠșǡǟǠǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧŘȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǠǠȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧřȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǣĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

9ÐÅīķīřǡǠșǡǟǠǡȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧřȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

TīÆìǢǠșǡǟǠǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧšȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǤĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

TīÆìǠǤșǡǟǠǡȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧšȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

TīÆìǢǠșǡǟǠǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǥĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

TřǠșǡǟǠǡȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐ

ǢǟșǡǟǠǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

105JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

ǠǟȘǢȧÅȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǦĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊșÌĴÐÌ

UďŒÐĉÅÐīǨșǡǟǠǡȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧÅȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

#ÐÆÐĉÅÐīǢǠșǡǟǠǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǢȧÆȨȣȣ wðÌÐăÐĴĴÐīUďȘǢǧĴďǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌZÆĴďÅÐīǡșǡǟǠǢȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧÆȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

December 31, 2014.

ǠǟȘǢȧÌȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠĴďĴìÐǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌ#ÐÆÐĉÅÐīǠǤșǡǟǠǣȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧÌȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐī

ended December 31, 2014.

ǠǟȘǢȧÐȨȣȣ ĉÐĊÌĉÐĊĴUďȘǡĴďĴìÐǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌ#ÐÆÐĉÅÐīǣșǡǟǠǤȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢȧÐȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐī

ended December 31, 2015.

ǠǟȘǢȧåȨȣȣ ĉÐĊÌĉÐĊĴUďȘǢĴďĴìÐǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌķæķĮĴǠǤșǡǟǠǦȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

wÐĨĴÐĉÅÐīǢǟșǡǟǠǦȘ

10.3(ag) ĉÐĊÌĉÐĊĴUďȘǣĴďĴìÐǡǤǟǟ:ÐĊÐīă}ÐīĉĮďåwăÐÅÐĴœÐÐĊA'AĊĴÐīĊĴðďĊăÐīď'ĊæðĊÐĮĊÌUÐœðīďīĨďīĴðďĊș

ÌĴÐÌTīÆìǡǟșǡǟǠǧȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

TīÆìǢǠșǡǟǠǧȘ

10.4 9ďīĉďåqÐīåďīĉĊÆÐȭďĊĴðĊæÐĊĴ'ŘÐÆķĴðŒÐtÐĴÐĊĴðďĊœīÌæīÐÐĉÐĊĴȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣĴďďķī

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǠȘ

10.15 9ďīĉďå#ðīÐÆĴďīȥZŨÆÐīAĊÌÐĉĊðťÆĴðďĊæīÐÐĉÐĊĴȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǤĴďďķīĊĊķătÐĨďīĴďĊ

9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǟȘ

ǠǟȘǠǦȣȣ 'ĉÅīÐīȭǠǨǟqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌLķĊÐǨșǡǟǟǢșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðīÌÐ

ÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣĴďďķīķīīÐĊĴtÐĨďīĴďĊ

9ďīĉǧȭNÌĴÐÌLķĊÐǢǟșǡǟǟǢĊÌťăÐÌďĊLķĊÐǢǟșǡǟǟǢȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåLķăřǧșǡǟǟǤșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐīð

ÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ

9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǟǤȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧÅȨȣȣ ĉÐĊÌĉÐĊĴUďȘǡĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåLĊķīřǤșǡǟǟǥșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐīðÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡǡȧÅȨĴďďķī

ĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǤȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧÆȨȣȣ ĉÐĊÌĉÐĊĴUďȘǢĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďå#ÐÆÐĉÅÐīǣșǡǟǟǥșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐīðÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡǠȧÆȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǥȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧÌȨȣȣ ĉÐĊÌĉÐĊĴUďȘǣĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåZÆĴďÅÐīǠǦșǡǟǟǦșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐīðÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧÌȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǦȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧÐȨȣȣ ĉÐĊÌĉÐĊĴUďȘǤĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåLķăřǠǧșǡǟǟǧșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðī

ÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ

9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǟǧȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧåȨȣȣ ĉÐĊÌĉÐĊĴUďȘǥĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďå9ÐÅīķīřǠǦșǡǟǟǨșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧåȨĴďďķīsķīĴÐīăř

tÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǟǨȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧæȨȣȣ ĉÐĊÌĉÐĊĴUďȘǦĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďå#ÐÆÐĉÅÐīǠǣșǡǟǟǨșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧæȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǨȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧìȨȣȣ ĉÐĊÌĉÐĊĴUďȘǧĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåTīÆìǠǠșǡǟǠǟșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧìȨĴďďķī

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǠǟȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

106 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

ǠǟȘǠǦȧðȨȣȣ ĉÐĊÌĉÐĊĴUďȘǨĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåTřǡǣșǡǟǠǟșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðī

ÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧðȨĴďďķīsķīĴÐīăřtÐĨďīĴ

ďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǟȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧþȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǟĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåwÐĨĴÐĉÅÐīǠǟșǡǟǠǟșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧþȨĴďďķī

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǠǟȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧāȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǠĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåZÆĴďÅÐīǡǟșǡǟǠǠșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧāȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǠȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧăȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǡĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåZÆĴďÅÐīǡǤșǡǟǠǠșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧăȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǠȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧĉȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǢĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåLķăřǡǟșǡǟǠǡșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðī

ÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧĉȨĴďďķīsķīĴÐīăř

tÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǠǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧĊȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǣĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďå#ÐÆÐĉÅÐīǢșǡǟǠǡșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧĊȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧďȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǤĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďå#ÐÆÐĉÅÐīǠǨșǡǟǠǡșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǦȧďȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǡȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǦȧĨȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǥĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåLĊķīřǢǠșǡǟǠǢÅÐĴœÐÐĊ'ĉÅīÐīwȘȘȧåďīĉÐīăř

āĊďœĊĮ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðīÌÐÐīďĊ®ķĴðÆwȘȘȨĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐ

Ĵď'ŘìðÅðĴǠǟȘǠǦȧĨȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǢȘ

ǠǟȘǠǦȧĪȨȣȣ ĉÐĊÌĉÐĊĴǠǦĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåTřǠǣșǡǟǠǢÅÐĴœÐÐĊ'ĉÅīÐīwȘȘȧåďīĉÐīăřāĊďœĊĮ

'ĉÅīÐīȰ'ĉĨīÐĮīĮðăÐðīÌÐÐīďĊ®ķĴðÆwȘȘȨĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴ

ǠǟȘǠǦȧĪȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǢȘ

ǠǟȘǠǦȧīȨȣȣ ĉÐĊÌĉÐĊĴǠǧĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåLķĊÐǡǤșǡǟǠǢÅÐĴœÐÐĊ'ĉÅīÐīwȘȘȧåďīĉÐīăřāĊďœĊ

Į'ĉÅīÐīȰ'ĉĨīÐĮīĮðăÐðīÌÐÐīďĊ®ķĴðÆwȘȘȨĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǠǟȘǠǦȧīȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǢȘ

ǠǟȘǠǦȧĮȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǨĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåZÆĴďÅÐīǠșǡǟǠǢÅÐĴœÐÐĊ'ĉÅīÐīwȘȘȧåďīĉÐīăř

āĊďœĊĮ'ĉÅīÐīȰ'ĉĨīÐĮīĮðăÐðīÌÐÐīďĊķĴðÆwȘȘȨĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐ

Ĵď'ŘìðÅðĴǠǟȘǠǦȧĮȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǢȘ

ǠǟȘǠǦȧĴȨȣȣ ĉÐĊÌĉÐĊĴUďȘǡǟĴďqķīÆìĮÐæīÐÐĉÐĊĴ#}ȭǟǡǤȥǡǟǟǢșÌĴÐÌĮďåZÆĴďÅÐīǡǣșǡǟǠǢÅÐĴœÐÐĊ'ĉÅīÐīwȘȘȧåďīĉÐīăř

āĊďœĊĮ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðīÌÐÐīďĊ®ķĴðÆwȘȘȨĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǠǟȘǠǦȧĴȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǢȘ

ǠǟȘǠǧȣȣ OÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌLķĊÐǨșǡǟǟǢșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐ

ðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǤĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌLķĊÐǢǟșǡǟǟǢĊÌ

ťăÐÌďĊLķĊÐǢǟșǡǟǟǢȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠșÌĴÐÌĮďåLķăřǧșǡǟǟǤșĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðīÌÐ

ÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣĴďďķīsķīĴÐīăřtÐĨďīĴďĊ

9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǟǤȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧÅȨȣȣ ĉÐĊÌĉÐĊĴUďȘǡșÌĴÐÌĮďåLĊķīřǤșǡǟǟǥșĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðī

ÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡǡȧÅȨĴďďķīĊĊķătÐĨďīĴ

ďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǥȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧÆȨȣȣ ĉÐĊÌĉÐĊĴUďȘǢșÌĴÐÌĮďå#ÐÆÐĉÅÐīǣșǡǟǟǥșĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡǡȧÆȨĴďďķī

ĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǥȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

107JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

ǠǟȘǠǧȧÌȨȣȣ ĉÐĊÌĉÐĊĴUďȘǣșÌĴÐÌĮďåZÆĴďÅÐīǠǦșǡǟǟǦșĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐīðÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǧȧÌȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǦȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧÐȨȣȣ ĉÐĊÌĉÐĊĴUďȘǤĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌĮďåTīÆìǥșǡǟǟǧșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðī

ÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ

9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǟǧȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧåȨȣȣ ĉÐĊÌĉÐĊĴUďȘǥĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌĮďåLķăřǠǧșǡǟǟǧșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðīÌÐ

ÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ

9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǟǧȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧæȨȣȣ ĉÐĊÌĉÐĊĴUďȘǦĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌĮďå9ÐÅīķīřǠǦșǡǟǟǨșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǧȧæȨĴďĴìÐ

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǟǨȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧìȨȣȣ ĉÐĊÌĉÐĊĴUďȘǧĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌĮďå#ÐÆÐĉÅÐīǠǣșǡǟǟǨșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǧȧìȨĴďĴìÐĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǨȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧðȨȣȣ ĉÐĊÌĉÐĊĴUďȘǨĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌĮďåTīÆìǠǠșǡǟǠǟșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðī

ÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǧȧðȨĴďĴìÐsķīĴÐīăřtÐĨďīĴ

ďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǠǟȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǠǧȧþȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǟĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌĮďåUďŒÐĉÅÐīǠǧșǡǟǠǟșÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮ

īĮðăÐðīÌÐÐīďĊķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǧȧþȨĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǢȘ

ǠǟȘǠǧȧāȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǠĴďOÐĴĴÐīæīÐÐĉÐĊĴ#}ȭǟǡǥȥǡǟǟǢșÌĴÐÌĮďåZÆĴďÅÐīǡǣșǡǟǠǢÅÐĴœÐÐĊ'ĉÅīÐīȭ'ĉĨīÐĮīĮðăÐðīÌÐ

ÐīďĊ®ķĴðÆwȘȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǧȧāȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉ

ǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǢȘ

10.20 æīÐÐĉÐĊĴďåOÐĮÐȧqďīĴķĴìďīðĴřOÐĮÐUďȘ#ȭǢǤǟȨșÌĴÐÌUďŒÐĉÅÐīǡǡșǡǟǟǤșÅÐĴœÐÐĊ}ìÐqďīĴķĴìďīðĴřďåUÐœ

ďīāĊÌUÐœLÐīĮÐřĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǟĴďďķīĊĊķătÐĨďīĴďĊ

9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǤȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

10.20(a) wķĨĨăÐĉÐĊĴUďȘǢĴďæīÐÐĉÐĊĴďåOÐĮÐșÌĴÐÌLķăřǠșǡǟǠǡÅÐĴœÐÐĊ}ìÐqďīĴķĴìďīðĴřďåUÐœďīāĊÌUÐœLÐīĮÐřĊÌ

LÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡǟȧȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐ

ĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǠǢȘ

ǠǟȘǡǠȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌǡǟǟǡwĴďÆāAĊÆÐĊĴðŒÐqăĊșÌĴÐÌUďŒÐĉÅÐīǦșǡǟǟǦșĊÌåďīĉďåœīÌæīÐÐĉÐĊĴȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡǠĴďĴìÐĊĊķătÐĨďīĴåďī9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǟǧȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǡǡȣ LÐĴăķÐðīœřĮďīĨďīĴðďĊ'ŘÐÆķĴðŒÐìĊæÐðĊďĊĴīďăwÐŒÐīĊÆÐqăĊșÌĴÐÌĮďåLķĊÐǡǧșǡǟǟǦȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNșÌĴÐÌLķĊÐǡǧșǡǟǟǦȧ9ðăÐUďȘǟǟǟȭǣǨǦǡǧȨȘ

ǠǟȘǡǡȧȨȣ LÐĴăķÐðīœřĮďīĨďīĴðďĊwÐŒÐīĊÆÐqăĊșÌĴÐÌTřǡǡșǡǟǠǣȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīķīīÐĊĴ

tÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌTřǡǡșǡǟǠǣĊÌťăÐÌďĊTřǡǨșǡǟǠǣȘ

ǠǟȘǢǟȣȣ wķÅăÐĮÐÅřĊÌÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌTÐĴīďĨďăðĴĊOðåÐAĊĮķīĊÆÐďĉĨĊřȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǟĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǠǟȧ9ðăÐUďȘǟǟǟȭ

ǣǨǦǡǧȨȘ

ǠǟȘǢǠȣ LÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠAĊÆÐĊĴðŒÐďĉĨÐĊĮĴðďĊqăĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǠȧȨĴďďķī

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǠȘ

ǠǟȘǢǠȧȨȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠAĊÆÐĊĴðŒÐďĉĨÐĊĮĴðďĊqăĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǤȘ

ǠǟȘǢǠȧåȨȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠAĊÆÐĊĴðŒÐďĉĨÐĊĮĴðďĊqăĊåďīĉďåtÐĮĴīðÆĴÐÌwĴďÆāĊðĴ

œīÌæīÐÐĉÐĊĴȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡȧȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

June 30, 2015.

ǠǟȘǢǠȧæȨȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠAĊÆÐĊĴðŒÐďĉĨÐĊĮĴðďĊqăĊåďīĉďå#ÐåÐīīÐÌwĴďÆāĊðĴœīÌ

æīÐÐĉÐĊĴȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡȧÅȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐ

30, 2015.

108 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

ǠǟȘǢǠȧìȨȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠAĊÆÐĊĴðŒÐďĉĨÐĊĮĴðďĊqăĊåďīĉďåqÐīåďīĉĊÆÐwìīÐĊðĴ

æīÐÐĉÐĊĴȧǡǟǠǤȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡȧÆȨĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

June 30, 2015.

ǠǟȘǢǠȧþȨȣ 9ďīĉďåqÐīåďīĉĊÆÐwìīÐĊðĴœīÌæīÐÐĉÐĊĴĮĉÐĊÌÐÌȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠȧȨĴďďķīsķīĴÐīăř

tÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǠǦȘ

ǠǟȘǢǢȣȣ ðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌZÆĴďÅÐīǠǨșǡǟǠǠșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊș

ðĊÆăķÌðĊæOÐĴĴÐīæīÐÐĉÐĊĴĮǠȭǧșÐÆìÌĴÐÌĮďåĮĉÐÌĴÐȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǢĴďďķīĊĊķă

tÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǠȘ

ǠǟȘǢǢȧÅȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåZÆĴďÅÐīǡǤșǡǟǠǢșÅÐĴœÐÐĊðīÅķĮwȘȘwȘ

ĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊșðĊÆăķÌðĊæĉÐĊÌÐÌĊÌtÐĮĴĴÐÌOÐĴĴÐīæīÐÐĉÐĊĴĮǠșǡșǢĊÌǥșÐÆìÌĴÐÌĮďå

ĴìÐĮĉÐÌĴÐȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǢȧÅȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

December 31, 2013.

ǠǟȘǢǢȧÆȨȣȣ ĉÐĊÌĉÐĊĴUďȘǡĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåUďŒÐĉÅÐīǠǨșǡǟǠǣșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌ

LÐĴăķÐðīœřĮďīĨďīĴðďĊșðĊÆăķÌðĊæĉÐĊÌÐÌĊÌtÐĮĴĴÐÌOÐĴĴÐīæīÐÐĉÐĊĴĮǠĊÌǢșÐÆìÌĴÐÌĮďåĴìÐĮĉÐ

ÌĴÐȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǢȧÆȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠș

2014.

ǠǟȘǢǢȧÌȨȣȣ ĉÐĊÌĉÐĊĴUďȘǢĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķăřǡǥșǡǟǠǥșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌ

LÐĴăķÐðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ended September 30, 2016.

ǠǟȘǢǢȧÐȨȣȣ ĉÐĊÌĉÐĊĴUďȘǣĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķăřǡǥșǡǟǠǥșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌ

LÐĴăķÐðīœřĮďīĨďīĴðďĊșðĊÆăķÌðĊæĉÐĊÌÐÌĊÌtÐĮĴĴÐÌOÐĴĴÐīæīÐÐĉÐĊĴĮǠșǡșǢĊÌǥĊÌOÐĴĴÐīæīÐÐĉÐĊĴǨș

ÐÆìÌĴÐÌĮďåĴìÐĮĉÐÌĴÐȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐ

quarter ended September 30, 2016.

ǠǟȘǢǢȧåȨȣȣ ĉÐĊÌĉÐĊĴUďȘǤĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåķæķĮĴǨșǡǟǠǥșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌ

LÐĴăķÐðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ended September 30, 2016.

ǠǟȘǢǢȧæȨȣȣ ĉÐĊÌĉÐĊĴUďȘǥĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåĨīðăǠǠșǡǟǠǦșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐ

ðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

LķĊÐǢǟșǡǟǠǦȘ

ǠǟȘǢǢȧìȨȣȣ ĉÐĊÌĉÐĊĴUďȘǦĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåĨīðăǡǤșǡǟǠǦșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌ

LÐĴăķÐðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ÐĊÌÐÌLķĊÐǢǟșǡǟǠǦȘ

ǠǟȘǢǢȧðȨȣȣ ĉÐĊÌĉÐĊĴUďȘǧĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďå#ÐÆÐĉÅÐīǠǨșǡǟǠǦșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌ

LÐĴăķÐðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǢȧðȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐī

ÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǦȘ

ǠǟȘǢǢȧþȨȣȣ ĉÐĊÌĉÐĊĴUďȘǨĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåTīÆìǢǟșǡǟǠǧșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌ

ÐĊÌÐÌTīÆìǢǠșǡǟǠǧȘ

ǠǟȘǢǢȧāȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠǟĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķăřǦșǡǟǠǧșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐ

ðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

September 30, 2018.

ǠǟȘǢǢȧăȨȣȣȣ ĉÐĊÌĉÐĊĴUďȘǠǠĴďðīÅķĮǢǡǟ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķăřǦșǡǟǠǧșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐ

ðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǢȧăȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

December 31, 2018.

ǠǟȘǢǢȧĉȨȣȣȣȣ ĉÐĊÌĉÐĊĴUďȘǠǡĴďðīÅķĮ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåĨīðăǨșǡǟǠǨșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐ

June 30, 2019.

ǠǟȘǢǢȧĊȨȣȣȣȣ ĉÐĊÌĉÐĊĴUďȘǠǢĴďðīÅķĮ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķĊÐǡǟșǡǟǠǨșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐ

ðīœřĮďīĨďīĴðďĊȭðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴ

ďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

June 30, 2019.

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2022

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Exhibit Index

ǠǟȘǢǢȧďȨȣȣȣȣ ĉÐĊÌĉÐĊĴUďȘǠǣĴďðīÅķĮ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåTřǣșǡǟǡǟșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐ

ðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

June 30, 2020.

ǠǟȘǢǢȧĨȨȣȣȣȣ ĉÐĊÌĉÐĊĴUďȘǠǤĴďðīÅķĮ9ĉðăřqķīÆìĮÐæīÐÐĉÐĊĴșÌĴÐÌĮďåZÆĴďÅÐīǧșǡǟǡǟșÅÐĴœÐÐĊðīÅķĮwȘȘwȘĊÌLÐĴăķÐ

ðīœřĮďīĨďīĴðďĊȭȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǢȧĨȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ

December 31, 2020.

ǠǟȘǢǤȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌLÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǠǠīÐœĉÐĉÅÐīwĴďÆāqķīÆìĮÐqăĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǤȘ

ǠǟȘǢǥȣȣȣȣ wÐÆďĊÌĉÐĊÌÐÌĊÌtÐĮĴĴÐÌīÐÌðĴĊÌ:ķīĊĴřæīÐÐĉÐĊĴșÌĴÐÌĮďåZÆĴďÅÐīǡǠșǡǟǡǡșĉďĊæLÐĴăķÐðīœřĮ

ďīĨďīĴðďĊșĮďīīďœÐīșĴìÐwķÅĮðÌðīðÐĮďåĴìÐďīīďœÐīĨīĴřĴìÐīÐĴďĮ:ķīĊĴďīĮșĴìÐOÐĊÌÐīĮĨīĴřĴìÐīÐĴďĊÌ

ðĴðÅĊāșUȘȘșĮÌĉðĊðĮĴīĴðŒÐæÐĊĴȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌ

ZÆĴďÅÐīǡǠșǡǟǡǡĊÌťăÐÌďĊZÆĴďÅÐīǡǣșǡǟǡǡȘ

ǠǟȘǢǧȣȣ 'ĊæðĊÐwÐīŒðÆÐĮæīÐÐĉÐĊĴÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌ:''ĊæðĊÐwÐīŒðÆÐĮșOOșÌĴÐÌĮďåTřǠșǡǟǠǢȰ

ðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǠǢȘ

ǠǟȘǢǧȧȨȣȣ ĉÐĊÌĉÐĊĴUďȘǠĴď'ĊæðĊÐwÐīŒðÆÐĮæīÐÐĉÐĊĴÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌ:''ĊæðĊÐwÐīŒðÆÐĮșOOș

ÌĴÐÌĮďå#ÐÆÐĉÅÐīǡǢșǡǟǠǣȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǧȧȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐ

řÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǣȘ

ǠǟȘǢǨȣ LÐĴăķÐðīœřĮďīĨďīĴðďĊtÐĴðīÐĉÐĊĴqăĊșĉÐĊÌÐÌĊÌīÐĮĴĴÐÌÐååÐÆĴðŒÐĮďåLĊķīřǠșǡǟǠǢȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǢȘ

ǠǟȘǣǠȣ 'ĉĨăďřĉÐĊĴæīÐÐĉÐĊĴșÌĴÐÌ9ÐÅīķīřǠǡșǡǟǠǤșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌtďÅðĊ>řÐĮȰðĊÆďīĨďīĴÐÌÅř

īÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣǠĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǠǣȘ

ǠǟȘǣǠȧȨȣ ĉÐĊÌĉÐĊĴUďȘǠĴďĴìÐ'ĉĨăďřĉÐĊĴæīÐÐĉÐĊĴșÌĴÐÌ9ÐÅīķīřǠǥșǡǟǠǦșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌtďÅðĊ

>řÐĮȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣǠȧȨĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNťăÐÌďĊ9ÐÅīķīřǡǡșǡǟǠǦȘ

ǠǟȘǣǠȧÅȨȣ ĉÐĊÌĉÐĊĴUďȘǡĴďĴìÐ'ĉĨăďřĉÐĊĴæīÐÐĉÐĊĴÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌtďÅðĊ>řÐĮșÌĴÐÌ

9ÐÅīķīřɁǠǢșǡǟǡǟȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣǠȧȨĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌ9ÐÅīķīřǠǢșǡǟǡǟ

ĊÌťăÐÌďĊ9ÐÅīķīřǠǧșǡǟǡǟȘ

ǠǟȘǣǠȧÆȨȣ ĉÐĊÌĉÐĊĴUďȘǢĴďĴìÐ'ĉĨăďřĉÐĊĴæīÐÐĉÐĊĴÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌtďÅðĊ>řÐĮÌĴÐÌ

wÐĨĴÐĉÅÐīɁǤșǡǟǡǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌwÐĨĴÐĉÅÐīǤșǡǟǡǠ

ĊÌťăÐÌďĊwÐĨĴÐĉÅÐīǦșǡǟǡǠȘ

ǠǟȘǣǠȧÌȨȣ ĉÐĊÌĉÐĊĴUďȘǣĴďĴìÐ'ĉĨăďřĉÐĊĴæīÐÐĉÐĊĴÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌtďÅðĊ>řÐĮÌĴÐÌ

#ÐÆÐĉÅÐīǧșǡǟǡǡȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴďÐŘìðÅðĴǠǟȘǣǠȧÌȨĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌ#ÐÆÐĉÅÐīǧșǡǟǡǡ

ĊÌťăÐÌďĊ#ÐÆÐĉÅÐīǨșǡǟǡǡȘ

ǠǟȘǣǡȣ ZååÐīOÐĴĴÐīÅÐĴœÐÐĊīĮķă>ķīăÐřĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊșÌĴÐÌLķĊÐǠǤșǡǟǡǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǠǟȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌTřǠǠșǡǟǡǠĊÌťăÐÌďĊLķĊÐǡǠșǡǟǡǠȘ

ǠǟȘǣǢȣ LÐĴăķÐ'ŘÐÆķĴðŒÐtÐĴÐĊĴðďĊœīÌȭīĮķă>ķīăÐřÌĴÐÌ9ÐÅīķīřǠǡșǡǟǡǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǤĴď

ďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǡǠȘ

ǠǟȘǣǢȧȨȣ LÐĴăķÐ'ŘÐÆķĴðŒÐtÐĴÐĊĴðďĊœīÌȭīĮķă>ķīăÐřÌĴÐÌĨīðăǠǡșǡǟǡǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǥĴďďķī

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǡǠȘ

ǠǟȘǣǢȧÅȨȣ LÐĴăķÐ'ŘÐÆķĴðŒÐtÐĴÐĊĴðďĊœīÌȭīĮķă>ķīăÐřÌĴÐÌwÐĨĴÐĉÅÐīǤșǡǟǡǠȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴď

ďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌwÐĨĴÐĉÅÐīǤșǡǟǡǠĊÌťăÐÌďĊwÐĨĴÐĉÅÐīǦșǡǟǡǠȘ

ǠǟȘǣǣȣȣ ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌqǠǟǟ:ȭLT'ĊæðĊÐqķīÆìĮÐĊÌwķĨĨďīĴæīÐÐĉÐĊĴÅřĊÌÅÐĴœÐÐĊAĊĴÐīĊĴðďĊăÐīď

'ĊæðĊÐĮșOOĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊșÌĴÐÌĮďåTīÆìǢǟșǡǟǠǧȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴď

ďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǠǧȘ

10.45 qřīďăăwķĨĨďīĴqīďæīĉæīÐÐĉÐĊĴșÌĴÐÌĮďåĨīðăǡǢșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĴìÐĊðĴÐÌ

wĴĴÐĮ#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐ

ĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǟȘ

110 JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}Aqt}A

Exhibit Index

10.46 qīďĉðĮĮďīřUďĴÐșÌĴÐÌĮďåĨīðăǡǢșǡǟǡǟșðĮĮķÐÌÅřLÐĴăķÐðīœřĮďīĨďīĴðďĊðĊĴìÐĊĉÐďåĴìÐĊðĴÐÌwĴĴÐĮďåĴìÐ

}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠș

2020.

ǠǟȘǣǦȣ LÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǡǟZĉĊðÅķĮ'ĪķðĴřAĊÆÐĊĴðŒÐqăĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǠĴďďķī

ķīīÐĊĴtÐĨďīĴďĊ9īďĉǧȭNÌĴÐÌTřǠǣșǡǟǡǟĊÌťăÐÌďĊTřǡǟșǡǟǡǟȘ

ǠǟȘǣǦȧȨȣ 9ďīĉďåqÐīåďīĉĊÆÐwìīÐĊðĴœīÌæīÐÐĉÐĊĴȧǡǟǡǟZĉĊðÅķĮAĊÆÐĊĴðŒÐqăĊȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴɁǠǟȘǦĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǡǠȘ

ǠǟȘǣǦȧÅȨȣ 9ďīĉďåtwœīÌæīÐÐĉÐĊĴåďīUďĊȭ'ĉĨăďřÐÐ#ðīÐÆĴďīĮȧǡǟǡǟZĉĊðÅķĮAĊÆÐĊĴðŒÐqăĊȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǠǟȘǧĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǡǠȘ

ǠǟȘǣǦȧÆȨȣ 9ďīĉďåtwœīÌæīÐÐĉÐĊĴșīÐœĉÐĉÅÐīĮȧǡǟǡǟZĉĊðÅķĮAĊÆÐĊĴðŒÐqăĊȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǨ

ĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǡǠȘ

ǠǟȘǣǦȧÌȨȣ 9ďīĉďå#ÐåÐīīÐÌwĴďÆāĊðĴœīÌæīÐÐĉÐĊĴȧǡǟǡǟZĉĊðÅķĮAĊÆÐĊĴðŒÐqăĊȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠǟ

ĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌLķĊÐǢǟșǡǟǡǠȘ

ǠǟȘǣǦȧÐȨȣ 9ďīĉďåqÐīåďīĉĊÆÐĮìœīÌæīÐÐĉÐĊĴȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉ

ǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǡȘ

ǠǟȘǣǦȧåȨȣ 9ďīĉďå'ŘÐÆķĴðŒÐœīÌæīÐÐĉÐĊĴȧœīÌŒÐĮĴðĊæďĊTřǠșǡǟǡǢȨȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķī

sķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǡȘ

ǠǟȘǣǦȧæȨȣ 9ďīĉďå'ŘÐÆķĴðŒÐœīÌæīÐÐĉÐĊĴȧœīÌŒÐĮĴðĊæďĊTřǠșǡǟǡǢș9ÐÅīķīřǠșǡǟǡǣșĊÌ9ÐÅīķīřǠșǡǟǡǤȨȰðĊÆďīĨďīĴÐÌ

ÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌTīÆìǢǠșǡǟǡǡȘ

ǠǟȘǣǨȣ LÐĴăķÐðīœřĮďīĨďīĴðďĊǡǟǡǟīÐœĉÐĉÅÐīwĴďÆāqķīÆìĮÐqăĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢǤĴďďķī

ķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌTřǠǣșǡǟǡǟĊÌťăÐÌďĊTřǡǟșǡǟǡǟȘ

10.5 ĉÐĊÌÐÌĊÌtÐĮĴĴÐÌLÐĴăķÐðīœřĮďīĨďīĴðďĊwÐŒÐīĊÆÐqăĊÌĴÐÌLķăřǧșǡǟǡǟȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď

'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǡǟȘ

ǠǟȘǤǠȣȣȣȣ UďīĴìÐĮĴăăðĊÆÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķăřǠǤșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĉÐīðÆĊðīăðĊÐĮș

AĊÆȘȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǢĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟș

2020.

ǠǟȘǤǠȧȨȣȣȣȣ 9ðīĮĴĉÐĊÌĉÐĊĴĴďĴìÐUďīĴìÐĮĴăăðĊÆÐæīÐÐĉÐĊĴșÌĴÐÌĮďåwÐĨĴÐĉÅÐīǠǠșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮ

ďīĨďīĴðďĊĊÌĉÐīðÆĊðīăðĊÐĮșAĊÆȘȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǤǣȧȨĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďī

ĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǟȘ

ǠǟȘǤǡȣȣȣȣ ďÌÐĮìīÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķăřǠǤșǡǟǡǟÅÐĴœÐÐĊșLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĉÐīðÆĊðīăðĊÐĮșAĊÆȘȰ

ðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǣĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌwÐĨĴÐĉÅÐīǢǟșǡǟǡǟȘ

ǠǟȘǤǢȣȣȣȣ TķĴķă:īďœĴìAĊÆÐĊĴðŒÐæīÐÐĉÐĊĴșÌĴÐÌĮďåLķăřǠǤșǡǟǡǟșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĉÐīðÆĊ

ðīăðĊÐĮșAĊÆȘȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǤĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐīÐĊÌÐÌ

September 30, 2020.

10.54 qřīďăăwķĨĨďīĴqīďæīĉ'ŘĴÐĊĮðďĊæīÐÐĉÐĊĴșÌĴÐÌĮďåLĊķīřǠǤșǡǟǡǠșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌ

ĴìÐĊðĴÐÌwĴĴÐĮ#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǤǦĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉ

ǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǟȘ

10.55 qīďĉðĮĮďīřUďĴÐșÌĴÐÌĮďåLĊķīřǠǤșǡǟǡǠșðĮĮķÐÌÅřLÐĴăķÐðīœřĮďīĨďīĴðďĊðĊĴìÐĊĉÐďåĴìÐĊðĴÐÌwĴĴÐĮďåĴìÐ

}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǤǧĴďďķīĊĊķătÐĨďīĴďĊ9ďīĉǠǟȭNåďīĴìÐřÐīÐĊÌÐÌ#ÐÆÐĉÅÐīǢǠșǡǟǡǟȘ

10.56 qřīďăăwķĨĨďīĴqīďæīĉǢæīÐÐĉÐĊĴșÌĴÐÌĮďåTřǥșǡǟǡǠșÅÐĴœÐÐĊLÐĴăķÐðīœřĮďīĨďīĴðďĊĊÌĴìÐĊðĴÐÌwĴĴÐĮ

#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǠĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ended June 30, 2021.

ǠǟȘǤǦ qīďĉðĮĮďīřUďĴÐșÌĴÐÌĮďåTřǥșǡǟǡǠðĮĮķÐÌÅřLÐĴăķÐðīœřĮďīĨďīĴðďĊðĊĴìÐĊĉÐďåĴìÐĊðĴÐÌwĴĴÐĮ

#ÐĨīĴĉÐĊĴďåĴìÐ}īÐĮķīřȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǠǟȘǡĴďďķīsķīĴÐīăřtÐĨďīĴďĊ9ďīĉǠǟȭsåďīĴìÐĪķīĴÐī

ended June 30, 2021.

21.1+ List of Subsidiaries.

23+ ďĊĮÐĊĴďå'īĊĮĴɪďķĊæOOqȘ

111JETBLUE AIRWAYS CORPORATION |

2022

ɁUUOt'qZt}

qt}A

Exhibit Index

31.1+ tķăÐǠǢȭǠǣȧȨȥǠǤÌȭǠǣȧȨÐīĴðťÆĴðďĊďåĴìÐìðÐå'ŘÐÆķĴðŒÐZŨÆÐīȘ

31.2+ tķăÐǠǢȭǠǣȧȨȥǠǤÌȭǠǣȧȨÐīĴðťÆĴðďĊďåĴìÐìðÐå9ðĊĊÆðăZŨÆÐīȘ

32++ wÐÆĴðďĊǠǢǤǟÐīĴðťÆĴðďĊĮșåķīĊðĮìÐÌìÐīÐœðĴìȘ

ǨǨȘăȣȣȣȣ ďĉĉðĴĉÐĊĴOÐĴĴÐīșÌĴÐÌTřǠǥșǡǟǡǡșÅřĊÌĉďĊæ:ďăÌĉĊwÆìĮĊāwșĊāďåĉÐīðÆșUȘȘșďåwÐÆķīðĴðÐĮș

AĊÆȘșĊÌLÐĴăķÐðīœřĮďīĨďīĴðďĊȰðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌ

TřǡǢșǡǟǡǡĊÌťăÐÌďĊTřǡǢșǡǟǡǡȘ

ǠǟǠȘAUw tOAĊĮĴĊÆÐ#ďÆķĉÐĊĴ

101.SCH tO}ŘďĊďĉř'ŘĴÐĊĮðďĊwÆìÐĉ#ďÆķĉÐĊĴ

101.DEF tO}ŘďĊďĉř'ŘĴÐĊĮðďĊ#ÐťĊðĴðďĊOðĊāÅĮÐ#ďÆķĉÐĊĴ

ǠǟǠȘO tO}ŘďĊďĉř'ŘĴÐĊĮðďĊăÆķăĴðďĊOðĊāÅĮÐ#ďÆķĉÐĊĴ

ǠǟǠȘO tO}ŘďĊďĉř'ŘĴÐĊĮðďĊOÅÐăĮOðĊāÅĮÐ#ďÆķĉÐĊĴ

101.PRE tO}ŘďĊďĉř'ŘĴÐĊĮðďĊqīÐĮÐĊĴĴðďĊOðĊāÅĮÐ#ďÆķĉÐĊĴ

104 ďŒÐīqæÐAĊĴÐīÆĴðŒÐ#Ĵ9ðăÐȧÐĉÅÐÌÌÐÌœðĴìðĊĴìÐAĊăðĊÐtOÌďÆķĉÐĊĴȨ

ɵ qķīĮķĊĴĴďAĊĮĴīķÆĴðďĊ ǡĴďAĴÐĉǥǟǠďåtÐæķăĴðďĊwȭNș'ŘìðÅðĴǣȘǢȧāȨåðăÐÌìÐīÐœðĴìÆďĊĴðĊĮ ăðĮĴďåÌďÆķĉÐĊĴĮĨĨăðÆÅăÐĴďÐÆìðīÆīåĴȧďĴìÐīĴìĊðīÆīåĴÅÐīðĊæ

tÐæðĮĴīĴðďĊUďȘUǨǦǥL}ȨĴìĴīÐăĴÐĴďĴìÐďååÐīðĊæďåĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæìÐīĴðåðÆĴÐĮșwÐīðÐĮǡǟǠǨȭǠșœìðÆìÌďÆķĉÐĊĴĮīÐĮķÅĮĴĊĴðăăřðÌÐĊĴðÆăĴďĴìďĮÐ

œìðÆìīÐåðăÐÌìÐīÐœðĴìĮ'ŘìðÅðĴĮǣȘǢȧìȨĊÌǣȘǢȧðȨșÐŘÆÐĨĴåďīĴìÐðĊåďīĉĴðďĊðÌÐĊĴðåřðĊæĮķÆìðīÆīåĴðĊĪķÐĮĴðďĊĊÌŒīðďķĮðĊåďīĉĴðďĊīÐăĴðĊæĴďĴìÐĨīðĊÆðĨăĉďķĊĴĮ

ďåĴìÐ 'ĪķðĨĉÐĊĴUďĴÐĮīÐăĴðĊæ Ĵď ĮķÆìðīÆīåĴȘ 'ŘìðÅðĴǣȘǢȧāȨ ĮÐĴĮåďīĴì ĴìÐ ÌÐĴðăĮÅřœìðÆì ĮķÆì ÌďÆķĉÐĊĴĮÌðååÐīåīďĉ ĴìÐÆďīīÐĮĨďĊÌðĊæ īÐĨīÐĮÐĊĴĴðŒÐĮĉĨăÐďå

ÌďÆķĉÐĊĴĮåðăÐÌìÐīÐœðĴìĮ'ŘìðÅðĴĮǣȘǢȧìȨĊÌǣȘǢȧðȨœðĴìīÐĮĨÐÆĴĴďðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǨǦǥL}Ș

†† qķīĮķĊĴĴďAĊĮĴīķÆĴðďĊǡĴďAĴÐĉǥǟǠďåtÐæķăĴðďĊwȭNș'ŘìðÅðĴǣȘǢȧŘȨșðĊÆďīĨďīĴÐÌìÐīÐðĊÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟ

ĊÌåðăÐÌďĊķæķĮĴǠǧșǡǟǡǟșÆďĊĴðĊĮăðĮĴďåÌďÆķĉÐĊĴĮĨĨăðÆÅăÐĴďÐÆìðīÆīåĴȧďĴìÐīĴìĊðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǨǣǥLOȨĴìĴīÐăĴÐĴďĴìÐďååÐīðĊæďåĴìÐ

LÐĴăķÐðīœřĮqĮĮ}ìīďķæìÐīĴðåðÆĴÐĮșwÐīðÐĮǡǟǡǟȭǠșœìðÆìÌďÆķĉÐĊĴĮīÐĮķÅĮĴĊĴðăăřðÌÐĊĴðÆăĴďĴìďĮÐœìðÆìœÐīÐåðăÐÌĮ'ŘìðÅðĴĮǣȘǨĊÌǣȘǠǟĴďďķīķīīÐĊĴtÐĨďīĴ

ďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌåðăÐÌďĊķæķĮĴǠǧșǡǟǡǟșðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐìÐīÐðĊșÐŘÆÐĨĴåďīĴìÐðĊåďīĉĴðďĊðÌÐĊĴðåřðĊæĮķÆìðīÆīåĴðĊĪķÐĮĴðďĊĊÌŒīðďķĮ

ðĊåďīĉĴðďĊīÐăĴðĊæĴďĴìÐĨīðĊÆðĨăĉďķĊĴĮďåĴìÐ'ĪķðĨĉÐĊĴUďĴÐĮīÐăĴðĊæĴďĮķÆìðīÆīåĴȘ'ŘìðÅðĴǨǨȘǠĮÐĴĮåďīĴìĴìÐÌÐĴðăĮÅřœìðÆìĮķÆìÌďÆķĉÐĊĴĮÌðååÐīåīďĉĴìÐ

ÆďīīÐĮĨďĊÌðĊæīÐĨīÐĮÐĊĴĴðŒÐĮĉĨăÐďåÌďÆķĉÐĊĴĮåðăÐÌĮ'ŘìðÅðĴĮǣȘǨĊÌǣȘǠǟœðĴìīÐĮĨÐÆĴĴďðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǨǣǥLOȘ

††† qķīĮķĊĴĴďAĊĮĴīķÆĴðďĊǡĴďAĴÐĉǥǟǠďåtÐæķăĴðďĊwȭNș'ŘìðÅðĴǣȘǢȧřȨșðĊÆďīĨďīĴÐÌìÐīÐðĊÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǡĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦș

ǡǟǡǟĊÌåðăÐÌďĊķæķĮĴǠǧșǡǟǡǟșÆďĊĴðĊĮăðĮĴďåÌďÆķĉÐĊĴĮĨĨăðÆÅăÐĴďÐÆìðīÆīåĴȧďĴìÐīĴìĊðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǡǟǟǡLȨĴìĴīÐăĴÐĴďĴìÐďååÐīðĊæ

ďåĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæìÐīĴðåðÆĴÐĮșwÐīðÐĮǡǟǡǟȭǠșœìðÆìÌďÆķĉÐĊĴĮīÐĮķÅĮĴĊĴðăăřðÌÐĊĴðÆăĴďĴìďĮÐœìðÆìœÐīÐåðăÐÌĮ'ŘìðÅðĴĮǣȘǠǠĊÌǣȘǠǡĴďďķī

ķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǠǦșǡǟǡǟĊÌåðăÐÌďĊķæķĮĴǠǧșǡǟǡǟșðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐìÐīÐðĊșÐŘÆÐĨĴåďīĴìÐðĊåďīĉĴðďĊðÌÐĊĴðåřðĊæĮķÆìðīÆīåĴ

ðĊĪķÐĮĴðďĊĊÌŒīðďķĮðĊåďīĉĴðďĊīÐăĴðĊæĴďĴìÐĨīðĊÆðĨăĉďķĊĴĮďåĴìÐ'ĪķðĨĉÐĊĴUďĴÐĮīÐăĴðĊæĴďĮķÆìðīÆīåĴȘ'ŘìðÅðĴǨǨȘǡĮÐĴĮåďīĴìĴìÐÌÐĴðăĮÅřœìðÆìĮķÆì

ÌďÆķĉÐĊĴĮÌðååÐīåīďĉĴìÐÆďīīÐĮĨďĊÌðĊæīÐĨīÐĮÐĊĴĴðŒÐĮĉĨăÐďåÌďÆķĉÐĊĴĮåðăÐÌĮ'ŘìðÅðĴĮǣȘǠǠĊÌǣȘǠǡœðĴìīÐĮĨÐÆĴĴďðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǡǟǟǡLȘ

†††† qķīĮķĊĴĴďAĊĮĴīķÆĴðďĊǡĴďAĴÐĉǥǟǠďåtÐæķăĴðďĊwȭNș'ŘìðÅðĴǣȘǢȧæȨșðĊÆďīĨďīĴÐÌìÐīÐðĊÅřīÐåÐīÐĊÆÐĴď'ŘìðÅðĴǨǨȘǠĴďďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴ

ǡǧșǡǟǡǟĊÌåðăÐÌďĊķæķĮĴǡǧșǡǟǡǟșÆďĊĴðĊĮăðĮĴďåÌďÆķĉÐĊĴĮĨĨăðÆÅăÐĴďÐÆìðīÆīåĴȧďĴìÐīĴìĊðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǨǦǥL}ȨĴìĴīÐăĴÐĴďĴìÐ

ďååÐīðĊæďåĴìÐLÐĴăķÐðīœřĮqĮĮ}ìīďķæìÐīĴðåðÆĴÐĮșwÐīðÐĮǡǟǠǨȭǠșœìðÆìÌďÆķĉÐĊĴĮīÐĮķÅĮĴĊĴðăăřðÌÐĊĴðÆăĴďĴìďĮÐœìðÆìœÐīÐåðăÐÌĮ'ŘìðÅðĴĮǣȘǥĊÌǣȘǦĴď

ďķīķīīÐĊĴtÐĨďīĴďĊ9ďīĉǧȭNÌĴÐÌķæķĮĴǡǧșǡǟǡǟĊÌåðăÐÌďĊķæķĮĴǡǧșǡǟǡǟșðĊÆďīĨďīĴÐÌÅřīÐåÐīÐĊÆÐìÐīÐðĊșÐŘÆÐĨĴåďīĴìÐðĊåďīĉĴðďĊðÌÐĊĴðåřðĊæĮķÆìðīÆīåĴ

ðĊĪķÐĮĴðďĊĊÌŒīðďķĮðĊåďīĉĴðďĊīÐăĴðĊæĴďĴìÐĨīðĊÆðĨăĉďķĊĴĮďåĴìÐ'ĪķðĨĉÐĊĴUďĴÐĮīÐăĴðĊæĴďĮķÆìðīÆīåĴȘ'ŘìðÅðĴǨǨȘǢĮÐĴĮåďīĴìĴìÐÌÐĴðăĮÅřœìðÆìĮķÆì

ÌďÆķĉÐĊĴĮÌðååÐīåīďĉĴìÐÆďīīÐĮĨďĊÌðĊæīÐĨīÐĮÐĊĴĴðŒÐĮĉĨăÐďåÌďÆķĉÐĊĴĮåðăÐÌĮ'ŘìðÅðĴĮǣȘǥĊÌǣȘǦœðĴìīÐĮĨÐÆĴĴďðīÆīåĴÅÐīðĊætÐæðĮĴīĴðďĊUďȘUǨǦǥL}Ș

Ɏ 9ðăÐÌìÐīÐœðĴì

ɎɎ 9ķīĊðĮìÐÌìÐīÐœðĴì

ȣ ďĉĨÐĊĮĴďīřĨăĊĮðĊœìðÆìĴìÐÌðīÐÆĴďīĮĊÌÐŘÐÆķĴðŒÐďååðÆÐīĮďåLÐĴăķÐĨīĴðÆðĨĴÐȘ

ȣȣ qķīĮķĊĴĴďďĊåðÌÐĊĴðă}īÐĴĉÐĊĴtÐĪķÐĮĴķĊÌÐītķăÐǡǣÅȭǡåðăÐÌœðĴìĊÌĨĨīďŒÐÌÅřĴìÐw'șĨďīĴðďĊĮďåĴìðĮÐŘìðÅðĴìŒÐÅÐÐĊďĉðĴĴÐÌȘ

ȣȣȣ qķīĮķĊĴĴďǠǦ9tǡǣǟȘǡǣÅȭǡșÆďĊåðÌÐĊĴðăðĊåďīĉĴðďĊìĮÅÐÐĊďĉðĴĴÐÌĊÌìĮÅÐÐĊĨīďŒðÌÐÌĮÐĨīĴÐăřĴďĴìÐwÐÆķīðĴðÐĮĊÌ'ŘÆìĊæÐďĉĉðĮĮðďĊĨķīĮķĊĴĴď

ďĊåðÌÐĊĴðă}īÐĴĉÐĊĴtÐĪķÐĮĴåðăÐÌœðĴìĴìÐďĉĉðĮĮðďĊȘ

ȣȣȣȣ AĊåďīĉĴðďĊðĊĴìðĮÐŘìðÅðĴðÌÐĊĴðåðÐÌÅřÅīÆāÐĴĮðĮÆďĊåðÌÐĊĴðăĊÌìĮÅÐÐĊÐŘÆăķÌÐÌÅÐÆķĮÐðĴȧðȨðĮĊďĴĉĴÐīðăĊÌȧððȨðĮĴìÐĴřĨÐďåðĊåďīĉĴðďĊĴìĴĴìÐīÐæðĮĴīĊĴ

ĴīÐĴĮĮĨīðŒĴÐďīÆďĊåðÌÐĊĴðăȘ

ȣȣȣȣȣqķīĮķĊĴĴďAĴÐĉǥǟǠȧȨȧǤȨďåtÐæķăĴðďĊwȭNșĮÆìÐÌķăÐĮìŒÐÅÐÐĊďĉðĴĴÐÌĊÌœðăăÅÐåķīĊðĮìÐÌďĊĮķĨĨăÐĉÐĊĴăÅĮðĮĴďĴìÐwÐÆķīðĴðÐĮĊÌ'ŘÆìĊæÐďĉĉðĮĮðďĊ

ķĨďĊīÐĪķÐĮĴȘ

112 JETBLUE AIRWAYS CORPORATION |

2022

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FINANCIAL STATEMENT SCHEDULE

JETBLUE AIRWAYS CORPORATION

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

ȧðĊĉðăăðďĊĮȨ

Balance at

beginning of

period

Additions Charged

to Costs and

Expenses Deductions

Balance at end

of period

Year Ended December 31, 2022

ăķĴðďĊăăďœĊÆÐåďīÌÐåÐīīÐÌĴŘĮĮÐĴĮ $ ǦǢ $ 30 $ 13 $ 90

ăăďœĊÆÐåďīďÅĮďăÐĴÐðĊŒÐĊĴďīřĨīĴĮ 24 5 — 29

ăăďœĊÆÐåďīÌďķÅĴåķăÆÆďķĊĴĮ 31615

(1)

TOTAL $ 100 $ 51 $ 28 $ 123

Year Ended December 31, 2021

ăķĴðďĊăăďœĊÆÐåďīÌÐåÐīīÐÌĴŘĮĮÐĴĮ $69$ 19$ 15$ ǦǢ

ăăďœĊÆÐåďīďÅĮďăÐĴÐðĊŒÐĊĴďīřĨīĴĮ ǡǦ 4 Ǧ 24

ăăďœĊÆÐåďīÌďķÅĴåķăÆÆďķĊĴĮ 21413

(1)

TOTAL $ 98 $ 37 $ 35 $ 100

Year Ended December 31, 2020

ăķĴðďĊăăďœĊÆÐåďīÌÐåÐīīÐÌĴŘĮĮÐĴĮ $ 31 $ 38 $ — $ 69

ăăďœĊÆÐåďīďÅĮďăÐĴÐðĊŒÐĊĴďīřĨīĴĮ 22 5 — ǡǦ

ăăďœĊÆÐåďīÌďķÅĴåķăÆÆďķĊĴĮ 165

(1)

TOTAL $ 54 $ 49 $ 5 $ 98

(1) Uncollectible accounts written off, net of recoveries.

113JETBLUE AIRWAYS CORPORATION |

2022

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