Document:

Agreement between Ed Barnes and JetBlue Airways Corporation

 Exhibit 10.34 
 AGREEMENT AND GENERAL RELEASE 
 This Agreement and General Release
(hereinafter, the “Agreement”) offered to Ed Barnes (the “Executive”) by JetBlue Airways Corporation (the “Company”) is dated as of November 23, 2011. 

WHEREAS, the Executive desires to resign his position with the Company as Executive Vice President and Chief Financial Officer on
October 18, 2011 (the “Position Resignation Date”); 
 WHEREAS, notwithstanding the Position Resignation
Date, the Executive shall remain an employee of the Company on a non-working notice through November 23, 2011 (“Separation Date”); 
 NOW THEREFORE, in consideration of the mutual covenants and conditions set forth below, and intending to be legally bound thereby, the Company and the Executive covenant and agree as follows:

 1. Resignation. The Executive agrees to resign his position as Executive Vice President and Chief Financial Officer of
the Company by executing the resignation letter attached as Appendix A to this Agreement as of the Position Resignation Date. From the Position Resignation Date through the Separation Date, the Executive shall be relieved of all job duties and
responsibilities but shall remain available to answer questions and otherwise cooperate in order to assist in a smooth transition. Notwithstanding the foregoing, the Company shall continue to pay the Executive his regular salary, payable at the time
of JetBlue’s regular paydays and in the amount of Employee’s regular pay for a normal payroll period, less all customary federal, state and local withholdings until the Separation Date. 

2. Payment and Benefits. In consideration for the Executive’s obligations herein, the Company shall provide the following
payments and benefits: 
 a. Payment. Within 10 business days of the Effective Date, the Company shall pay the Executive
a lump sum payment of four hundred thousand dollars and no cents ($400,000.00), less applicable withholdings, in the form of salary and also within 10 business days of the Effective Date, the Company shall pay the Executive and additional lump sum
of six hundred thousand dollars and no cents ($600,00.00), less all applicable withholdings, representing bonus and other consideration paid (together the “Separation Payment”). 

b. The Company agrees to provide the Executive and his eligible dependents lifetime positive space flight benefits, at least equivalent
to those of similarly situated executive officers, subject to the terms of JetBlue’s pass travel programs and any future changes to those programs including, but not limited to any changes as may be required by Section 409A of the Internal
Revenue Code. 

  
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 c. If the Executive is eligible for and elects continued health insurance coverage under
COBRA, the Company will pay the full cost of such premiums for the Executive and any of his eligible dependents as long as the Executive and/or his eligible dependents continue to be eligible for and maintain COBRA coverage, up to a maximum of
twelve (12) months from the Separation Date. 
 3. No Other Payments or Benefits. Except for the payments and
benefits provided for in Paragraph 2 of this Agreement (which the Executive acknowledges that he is only eligible to receive if he signs, returns and does not revoke this Agreement), and those accrued but unused benefits and obligations to which the
Executive is entitled as set forth in Paragraph 1 of this Agreement, the Executive hereby acknowledges and agrees that the Executive is not entitled to any other compensation or benefits of any kind from the Company, including, but not limited to,
any claims for salary, bonuses, severance, or any other payments or benefits whatsoever under any Company plan or program. The Executive’s equity grants (including stocks or options to purchase stock) shall be governed by the terms of the
applicable plans as may be amended from time to time. 
 4. Release. 

(a) In consideration of the obligations of the Company herein, specifically the payments and benefits described in Paragraph 2 of this
Agreement, of which the Executive acknowledges that the Executive is not otherwise entitled, the Executive (on behalf of himself and his heirs, administrators, executors, administrators and assigns) hereby fully and forever unconditionally releases
and discharges the Company and all of its past or present subsidiaries, affiliates, predecessors, successors and assigns, and, with respect to each and all of the foregoing entities (including the Company), all of their respective present and former
officers, directors, employees, insurers, agents (hereinafter referred to collectively as the “Releasees”), individually and in their official capacities, from any and all manner of actions and causes of action, suits, debts, dues,
accounts, bonds, covenants, contracts, agreements, judgments, charges, claims and demands whatsoever which the Executive, the Executive’s heirs, executors, administrators and assigns has, or may hereafter have against the Releasees arising out
of or by reason of any cause, matter or thing whatsoever occurring on or before the Effective Date of this Agreement, whether known or unknown, suspected or claimed, specifically mentioned herein or not, including, but without limitation to, any or
all matters relating to the Executive’s employment by the Company and the separation thereof, the Executive’s benefits, and all matters arising under any international, federal, state, or local statute, rule or regulation or principle of
contract law or common law, in law or in equity, including, but nit limited to, claims arising under Title VII of the Civil rights Act of 1964, the Age Discrimination in Employment Act of 1967, the Employee Retirement Income Security Act of 1974,
the Americans with Disabilities Act of 1990, the Family and Medical Leave Act of 1993, all as amended, and any other federal, state or local laws regarding employment discrimination, excepting only claims for worker’s compensation,
unemployment compensation and rights under the Consolidated Omnibus Budget Reconciliation 

  
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Act (“COBRA”) and any other rights or claims that cannot be released by a private settlement agreement. The Executive does not waive or release any rights arising after the Effective
Date of this Agreement, any and all rights existing by virtue of Executive’s ownership of stock in the Company, and those rights provided in connection with his equity grants pursuant to Paragraph 3 herein. 

(b) The Executive agrees that, although he may hereafter discover claims or rights presently unknown or unsuspected, or new or additional
facts from those which the Executive now knows or believes to be true, the Executive intends to provide a complete waiver of all claims and rights based on any facts and circumstances, whether known or unknown, up to and including the
Effective Date (except as expressly excluded above in Paragraph 4(a). 
 5. Restrictive Covenants 

(a) Non-Competition. Executive agrees that, during the Restricted Period (as defined below), he shall not, without the prior
written consent of the Company’s Chief Executive Officer, engage in Competitive Activity, which shall be defined as directly or indirectly owning, managing, operating, joining, controlling or participating in the ownership, management,
operation or control of, be employed by, or provide consulting or other services to any air carrier with its base of operations in North, Central or South America (the “Competitive Airlines”). For purposes of this Agreement,
“Restricted Period” means a period of twelve (12) months immediately following the Separation Date. 
 (b)
Non-Solicitation. Executive agrees that, during the Restricted Period, he shall not, directly or indirectly, either as principal, manager, agent, employee, consultant, officer, director, stockholder, partner, investor or lender or in any
other capacity, and whether personally or through other persons: (i) solicit, induce, hire or attempt to solicit, induce or hire, on behalf of himself or any other person or entity, any employee, consultant or independent contractor of the
Company who had such relationship with the Company at the time of solicitation (or within 12 months prior to such solicitation) to terminate their employment or relationship with the Company and/or accept employment or any other relationship
elsewhere; or (ii) solicit, induce or attempt to solicit or induce any customer, supplier, licensee or other business relation of the Company (or any person or entity who was a customer, supplier, licensee or other business relation of the
Company within the preceding 12 months) to cease or curtail their business relationship with the Company. Nothing in this paragraph shall preclude Executive from using the services of a third-party provider used by the Company. 

(c) Remedies. Executive acknowledges that, in view of the nature of the Company’s business and his prior position with the
Company, the restrictions contained in Paragraphs 5(a) and 5(b) of this Agreement are reasonable and necessary to protect the Company’s legitimate business interests and that any violation of those provisions would result in irreparable injury
to the Company. In the event of a breach, the Company shall be entitled to all available legal and equitable remedies of law, including, but not limited to a temporary restraining order and injunctive relief restraining the Executive from the
commission of any breach (without proving actual damages or posting a bond or other security). 

  
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 (d) Reformation. The courts shall be entitled to modify the duration and scope of any
restriction contained in Paragraph 5 of this Agreement to the extent such restriction would otherwise be unenforceable, and such restriction as modified shall be enforceable. Executive acknowledges that the restrictions imposed by Paragraph 5 of
this Agreement are legitimate, reasonable and necessary to protect the Company’s investment in its businesses and the goodwill thereof. Executive acknowledges that the scope and duration of the restrictions contained herein are fair, necessary
and reasonable in light of the time that Executive was engaged in the business of the Company, Executive’s reputation in the markets for the Company’s business, and Executive’s relationship with the suppliers, customers, clients and
employees of the Company. 
 6. Company Property. The Executive shall return all Company property as of the Separation
Date. The Company agrees to issue the Executive a new blackberry device and the Executive can transfer his current cell phone number (646 709 0812) to his own personal cell phone (provided that the Company is not obligated to pay for such services).
After giving effect to the return of the property, the Executive represents and warrants that the Executive has no Company records or copies of records or correspondence or copies of correspondence, other than non-confidential documents relating to
the Executive’s own employment by the Company. 
 7. Agreement to Cooperate. The Company anticipates that, from time
to time, the Company may have questions regarding matters that have been within the scope of Executive’s responsibilities. Further, the Executive may be required to provide further documentation, testimony in the form of deposition and/or
appearance at trial or other related court appearances. Executive agrees to cooperate with Company in these matters as may be needed by the Company; provided, however, that if Executive provides any such assistance, the Company shall pay for his
reasonable out-of-pocket expenses (including attorney’s fees if it shall be necessary for him to retain individual counsel) incurred in connection with such assistance. 
 8. Non-Disparagement. The Executive agrees that the Executive will not publish or communicate to any person or entity Disparaging (as defined herein) remarks, comments or statements concerning the
Releases. The Company’s current executive officers shall not publish or communicate to any person or entity any Disparaging remarks comments or statements concerning the Executive. “Disparaging” remarks, comments, or statements are
those that impugn the character, honesty, integrity, morality, or business acumen or abilities in connection with any aspect of the operation of the Company’s business or the Executive. The obligations set forth in this provision shall expire
twelve (12) months from the Separation Date; provided, however, the Company’s current executive officers shall only be bound to the terms of this provision during their employment with the Company. 

9. Protection of Confidential Information. The Executive hereby acknowledges that Executive remains subject to and agrees to abide
by any and all existing duties and obligations respecting confidential and/or proprietary information of the Company as set forth in any applicable Company policy and as pursuant to applicable law. 

  
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 10. Non-Assignment of Rights. Executive warrants that the Executive has not assigned
or transferred any right or claim described in the general release given in Paragraph 4(a) above. If the Executive commences or participates in any action or proceeding (including as a member of a class of persons) regarding any claims covered by
the general release given in Paragraph 4(a), this Agreement shall be a complete defense in such action or proceeding and the Executive (and his heirs, administrators, executors, administrators and assigns) will have no right to obtain or receive,
and will not seek or accept, any damages, settlement or relief of any kind (including attorneys’ fees and costs) as a result of such action or proceeding. 
 11. Voluntary and Knowing. The Executive represents and warrants that the Executive fully understands the terms of this Agreement and that the Executive knowingly and voluntarily, of the
Executive’s own free will without any duress, being fully informed, after due deliberation and after consultation with the Executive’s own counsel, accepts its terms and signs the same as the Executive’s own free act. 

12. Revocation Period and Effective Date. Executive acknowledges that the Company has provided the Executive the opportunity to
review and consider this Agreement for at least twenty-one (21) days from the date the Company provided the Executive this Agreement. Executive represents that he was advised by the Company to review this Agreement with an attorney before
signing. If Executive executes this Agreement prior to the expiration of twenty-one (21) days from the date the Company provided the Executive with this Agreement, the Executive voluntarily and knowingly waives any right the Executive may have,
prior to signing this Agreement, to additional time within which to consider the Agreement. The Executive also agrees that any modifications to this Agreement, whether material or immaterial, will not restart the 21-day period. The Executive may
revoke this Agreement within seven (7) days after he executes this Agreement by providing written notification of the intended revocation to Joanna L. Geraghty, Executive Vice President and Chief People Officer, at the Company. This
Agreement becomes effective on the eighth day after it is executed by both parties, provided that it is not revoked by the Executive prior to that date (the “Effective Date”). 

13. Indemnification. The Company agrees to indemnify and hold harmless the Executive from and against all claims, liabilities,
suits, demands, proceedings and actions (collectively, “Proceeding”) that may arise from his employment with the Company; provided, however, such indemnification shall not apply to those actions of Executive that were outside the scope of
his employment or were a result of his own gross negligence or intentional misconduct; a cause of action by Executive against the Company or its affiliates or their respective directors, officers, agents, representatives or employees; or any
indemnification that may be otherwise prohibited by applicable law, rule or regulation, the Company’s organizational documents or would be against public policy. If the Executive has any knowledge of any actual or threatened Proceeding, whether
civil, criminal, administrative or investigative, as to which the Executive 

  
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may request indemnity under this provision, the Executive shall give the Company prompt written notice thereof. The Company shall be entitled to assume the defense of any Proceeding with counsel
of its choice within 15 days after the Executive shall have given notice of the Proceeding, and the Executive shall cooperate with such defense. If the Company fails to assume the defense pursuant to the immediately preceding sentence, the Executive
shall have the right to select counsel of his choice (reasonably satisfactory to the Company), and the reasonable fees and expenses of such counsel shall be reimbursed by the Company subject to an undertaking by the Executive to pay back any
advanced amounts for which it is determined that he was not entitled to indemnification. Without limiting the indemnity above, the Company shall use commercially reasonable efforts to continue to provide the Executive with applicable Director and
Officer coverage as may be provided by the Company to similarly situated Executive Vice Presidents, subject to the terms of those plans or any future changes the Company may make thereto. 

14. No Exit Incentive. The payments provided under this Agreement are not offered in connection with any specific exit incentive
or other employment termination program. 
 15. Governing Law; Severability. This Agreement shall be governed in all
respects, whether as to validity, construction, capacity, and performance or otherwise by the laws of the State of New York. If any portion of this Agreement is held to be unenforceable by any court of competent jurisdiction, the parties intend that
such portion be modified to make it enforceable to the maximum extent permitted by law. If any such portion (other than the general release contained in Paragraph 4(a)) cannot be modified to be enforceable, such portion shall become null and void
leaving the remainder of this Agreement in full force and effect. 
 16. Entire Agreement. This Agreement constitutes the
sole and entire agreement between the Company and the Executive and supersedes any and all understanding and agreements made prior hereto, if any. The Executive acknowledges that no promises or representations, oral or written, have been made other
that those expressly stated herein, and that he has not replied on any other promises or representations in signing this Agreement. 
 17. Modification. No provision of this Agreement shall be amended, waived or modified except by an instrument in writing signed by the parties hereto. 

18. Counterparts. This Agreement may be executed in counterparts, both of which together shall constitute the original agreement.
This Agreement may also be executive by facsimile signature. 

  
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 19. No Admission of Liability. It is understood and agreed that the execution of this
Agreement by the Company is not to be construed as an admission of any liability on its part to Executive other than to comply with the terms of this Agreement. 
 ACCEPTED AND AGREED: 
 Dated: 11/23, 2011 

 

							
	ED BARNES	 		 	JETBLUE AIRWAYS CORPORATION
			
	 

	 		 	 

		 		 	By:	 	 Joanna Geraghty

		 		 	Title:	 	 EVP, Chief People Officer

  
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 APPENDIX A 
 Dave Barger 
 President & Chief Executive Officer 

JetBlue Airways Corporation 
 118-29 Queens Blvd.

 Forest Hills, NY 11375 
 Dear Dave,

 Effective October 18, 2011, I hereby resign my position as Executive Vice President and Chief Financial Officer of JetBlue Airways
Corporation and any and all other positions that I might hold with JetBlue Airways Corporation and its affiliates. 
  

	
	Sincerely,
	
	

	Ed Barnes

 11/23, 2011 

  
 8JetBlue Airways Corporation 2011 Crewmember Stock Purchase Plan

 Exhibit 10.35 
 JETBLUE AIRWAYS CORPORATION 
 2011 CREWMEMBER STOCK PURCHASE PLAN

  

	I.	PURPOSE OF THE PLAN 

 This
2011 Crewmember Stock Purchase Plan is intended to promote the interests of JetBlue Airways Corporation, a Delaware corporation, by providing eligible crewmembers with the opportunity to acquire a proprietary interest in the Corporation through
participation in a payroll deduction-based employee stock purchase plan designed to qualify under Section 423 of the Code. 

Capitalized terms herein shall have the meanings assigned to such terms in the attached Appendix. 

 

	II.	ADMINISTRATION OF THE PLAN 

The Plan shall be administered by the Plan Administrator. The Plan Administrator shall have full discretionary authority to interpret and
construe any provision of the Plan, to adopt such rules and regulations for administering the Plan as it may deem necessary in order to comply with the requirements of Code Section 423 and all such authority that may be necessary or helpful to
enable it to discharge its responsibilities with respect to the Plan. Decisions of the Plan Administrator shall be final and binding on all parties having an interest in the Plan. Subject to applicable laws, rules, and regulations, the Plan
Administrator may, in its discretion, from time to time, delegate all or any part of its responsibilities and powers under the Plan to any employee or group of employees of the Corporation or any Participating Corporation, and revoke any such
delegation. Notwithstanding the foregoing, the Board, in its absolute discretion, may at any time and from time to time exercise any and all rights, duties and responsibilities of the Plan Administrator under the Plan, including, but not limited to,
establishing procedures to be followed by the Plan Administrator. 
  

	III.	STOCK SUBJECT TO PLAN 

A. The stock purchasable under the Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares of
Common Stock purchased on the open market. The maximum number of shares of Common Stock reserved for issuance over the term of the Plan shall not exceed 8,000,000 shares. 
 B. In the event of any of the following transactions affecting the Common Stock: any stock split, stock dividend, recapitalization, combination of shares, exchange of shares, or other similar change
affecting the outstanding Common Stock, or a merger, consolidation, acquisition of property or shares, spin-off, other distribution of stock or property (including any extraordinary cash or stock dividend), or liquidation or other similar event
affecting the Corporation or a subsidiary of the Corporation, then equitable adjustments shall be made to (i) the maximum number and class of securities issuable under the Plan, (ii) the maximum number and class of securities purchasable
per Participant on any one Purchase Date, (iii) the maximum number and class of securities purchasable in total by all Participants on any one Purchase Date, and (iv) the number and class of securities and the price per share in effect
under each outstanding purchase right. The adjustments shall be made in such manner as the Plan Administrator deems appropriate in order to prevent the dilution or enlargement of benefits under the outstanding purchase rights, and such adjustments
shall be final, binding and conclusive on the holders of those rights. 
  

	IV.	OFFERING PERIODS 

 A.
Shares of Common Stock shall be offered for purchase under the Plan through a series of overlapping offering periods until such time as (i) the maximum number of shares of Common Stock available for issuance under the Plan shall have been
purchased or (ii) the Plan shall have been sooner terminated. 

  
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 B. Each offering period shall be of such duration (not to exceed twenty-four
(24) months) as determined by the Plan Administrator prior to the start date of such offering period. Offering periods shall commence at semi-annual intervals on the first business day of May and November each year over the term of the
Plan. Accordingly, two (2) separate offering periods shall commence in each calendar year the Plan remains in existence. Unless otherwise determined by the Plan Administrator prior to the start of such offering period, each offering period
shall have a maximum duration of six (6) months. 
 C. Each offering period shall consist of a series of one or more
successive Purchase Intervals. Purchase Intervals shall run from the first business day in May to the last business day in October each year and from the first business day in November each year to the last business day in April in the following
year. Each offering period will consist of one Purchase Interval, unless the duration of that offering period exceeds six (6) months. 
  

	V.	ELIGIBILITY 

 A. Each
individual who is an Eligible Crewmember on the start date of any offering period under the Plan may enter that offering period on such start date. However, an Eligible Crewmember may participate in only one offering period at a time. 

B. An Eligible Crewmember must, in order to participate in the Plan for a particular offering period, complete the enrollment forms
prescribed by the Plan Administrator (including a stock purchase agreement and a payroll deduction authorization) and file such forms with the Plan Administrator (or its designate) on or before the start date of that offering period. 

 

	VI.	PAYROLL DEDUCTIONS 

A. The payroll deduction authorized by the Participant for purposes of acquiring shares of Common Stock during an offering period may
be any multiple of one percent (1%) of the Cash Earnings paid to the Participant during each Purchase Interval within that offering period, up to a maximum of ten percent (10%). The deduction rate so authorized shall continue in effect
throughout the offering period, except to the extent such rate is changed in accordance with the following guidelines: 
 (i) The Participant may, at any time during the offering period, reduce his or her rate of payroll deduction to become effective as soon as administratively possible after filing the appropriate form
with the Plan Administrator. The Participant may not, however, effect more than one (1) such reduction per Purchase Interval. 
 (ii) The Participant may, prior to the commencement of any new Purchase Interval within the offering period, increase the rate of his or her payroll deduction by filing the appropriate form with the
Plan Administrator. The new rate (which may not exceed the ten percent (10%) maximum) shall become effective on the start date of the first Purchase Interval following the filing of such form. 

B. Payroll deductions from after-tax Cash Earnings shall begin on the first pay day administratively feasible following the start
date of the offering period and shall (unless sooner terminated by the Participant) continue through the pay day ending with or immediately prior to the last day of that offering period. The amounts so collected shall be credited to the
Participant’s book account under the Plan, but no interest shall be paid on the balance from time to time outstanding in such account. The amounts collected from the Participant shall not be required to be held in any segregated account or
trust fund and may be commingled with the general assets of the Corporation and used for general corporate purposes. 

C. Payroll deductions shall automatically cease upon the termination of the Participant’s purchase right in accordance with the
provisions of the Plan. 

  
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 D. The Participant’s acquisition of Common Stock under the Plan on any Purchase
Date shall neither limit nor require the Participant’s acquisition of Common Stock on any subsequent Purchase Date, whether within the same or a different offering period. 

 

	VII.	PURCHASE RIGHTS 

A. Grant of Purchase Rights. A Participant shall be granted a separate purchase right for each offering period
in which he or she is enrolled. The purchase right shall be granted on the start date of the offering period and shall provide the Participant with the right to purchase shares of Common Stock, at the end of each Purchase Interval within that
offering period, upon the terms set forth below. The Participant shall execute a stock purchase agreement embodying such terms and such other provisions (not inconsistent with the Plan) as the Plan Administrator may deem advisable. 

Under no circumstances shall purchase rights be granted under the Plan to any Eligible Crewmember if such individual would, immediately
after the grant, own (within the meaning of Code Section 424(d)) or hold outstanding options or other rights to purchase, stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the
Corporation or any Corporate Affiliate. 
 B. Exercise of the Purchase Right. Each purchase right
shall be automatically exercised on each successive Purchase Date within the offering period, and shares of Common Stock shall accordingly be purchased on behalf of each Participant on each such Purchase Date. The purchase shall be effected by
applying the Participant’s payroll deductions for the Purchase Interval ending on such Purchase Date to the purchase of whole shares of Common Stock at the purchase price in effect for the Participant for that Purchase Date. 

C. Purchase Price. The purchase price per share at which Common Stock will be purchased on the
Participant’s behalf on each Purchase Date within a particular offering period in which he or she is enrolled shall be equal to ninety-five percent (95%) of the Fair Market Value per share of Common Stock on such Purchase Date. 

D. Number of Purchasable Shares. The number of shares of Common Stock purchasable by a Participant on each
Purchase Date during the particular offering period in which he or she is enrolled shall be the number of whole shares obtained by dividing the amount collected from the Participant through payroll deductions during the Purchase Interval ending with
that Purchase Date by the purchase price in effect for the Participant for that Purchase Date. However, the maximum number of shares of Common Stock purchasable per Participant on any one Purchase Date shall not exceed 3,375 shares, subject to
periodic adjustments in the event of certain changes in the Corporation’s capitalization. In addition, the maximum number of shares of Common Stock purchasable in total by all Participants in the Plan on any one Purchase Date shall not exceed
1,350,000 shares, subject to periodic adjustments in the event of certain changes in the Corporation’s capitalization. However, the Plan Administrator shall have the discretionary authority, exercisable prior to the start of any offering
period under the Plan, to increase or decrease the limitations to be in effect for the number of shares purchasable per Participant and in total by all Participants enrolled in that particular offering period on each Purchase Date which occurs
during that offering period. 
 E. Excess Payroll Deductions. Any payroll deductions not applied to
the purchase of shares of Common Stock on any Purchase Date because they are not sufficient to purchase a whole share of Common Stock shall be held for the purchase of Common Stock on the next Purchase Date. However, any payroll deductions not
applied to the purchase of Common Stock by reason of the limitation on the maximum number of shares purchasable per Participant or in total by all Participants on the Purchase Date or any other reason shall be promptly refunded. 

F. Suspension of Payroll Deductions. In the event that a Participant is, by reason of the accrual limitations in
Article VIII, precluded from purchasing additional shares of Common Stock on one or more Purchase Dates during the offering period in which he or she is enrolled, then no further payroll 

  
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deductions shall be collected from such Participant with respect to those Purchase Dates. The suspension of such deductions shall not terminate the Participant’s purchase right for the
offering period in which he or she is enrolled, and payroll deductions shall automatically resume on behalf of such Participant once he or she is again able to purchase shares during that offering period in compliance with the accrual limitations of
Article VIII. 
 G. Withdrawal from Offering Period. The following provisions shall govern the
Participant’s withdrawal from an offering period: 
 (i) A Participant may withdraw from the offering
period in which he or she is enrolled at any time prior to the next scheduled Purchase Date by filing the appropriate form with the Plan Administrator (or its designate), and no further payroll deductions shall be collected from the Participant with
respect to that offering period. Any payroll deductions collected during the Purchase Interval in which such withdrawal occurs shall, at the Participant’s election, be immediately refunded or held for the purchase of shares on the next Purchase
Date. If no such election is made at the time of such withdrawal, then the payroll deductions collected from the Participant during the Purchase Interval in which such withdrawal occurs shall be refunded as soon as administratively possible.

 (ii) The Participant’s withdrawal from a particular offering period shall be irrevocable, and the
Participant may not subsequently rejoin that offering period at a later date. In order to resume participation in any subsequent offering period, such individual must re-enroll in the Plan (by making a timely filing of the prescribed enrollment
forms) on or before the start date of that offering period. 
 H. Termination of Purchase Right. The
following provisions shall govern the termination of outstanding purchase rights: 
 (i) Should the
Participant cease to remain an Eligible Crewmember for any reason (including death, disability or change in status) while his or her purchase right remains outstanding, then that purchase right shall immediately terminate, and all of the
Participant’s payroll deductions for the Purchase Interval in which the purchase right so terminates shall be immediately refunded. 
 (ii) However, should the Participant cease to remain in active service by reason of an approved unpaid leave of absence, then the Participant shall have the right, exercisable up until the last
business day of the Purchase Interval in which such leave commences, to (a) withdraw all the payroll deductions collected to date on his or her behalf for that Purchase Interval or (b) have such funds held for the purchase of shares on his
or her behalf on the next scheduled Purchase Date. In no event, however, shall any further payroll deductions be collected on the Participant’s behalf during such leave. Upon the Participant’s return to active service (x) within
ninety (90) days following the commencement of such leave or (y) prior to the expiration of any longer period for which such Participant has reemployment rights with the Corporation provided by statute or contract, his or her payroll
deductions under the Plan shall automatically resume at the rate in effect at the time the leave began, unless the Participant withdraws from the Plan prior to his or her return. An individual who returns to active employment following a leave of
absence that exceeds in duration the applicable (x) or (y) time period will be treated as a new Crewmember for purposes of subsequent participation in the Plan and must accordingly re-enroll in the Plan (by making a timely filing of the
prescribed enrollment forms) on or before the start date of any subsequent offering period in which he or she wishes to participate. 
 I. Change in Control. Each outstanding purchase right shall automatically be exercised, immediately prior to the effective date of any Change in Control, by applying the payroll
deductions of each Participant for the Purchase Interval in which such Change in Control occurs to the purchase of whole shares of Common Stock at a purchase price per share equal to ninety-five percent (95%) of the Fair Market Value per share
of Common Stock immediately prior to the effective date of such Change in Control. 

  
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 However, the applicable limitation on the number of shares of Common Stock purchasable per
Participant shall continue to apply to any such purchase, but not the limitation applicable to the maximum number of shares of Common Stock purchasable in total by all Participants on any one Purchase Date. 

The Corporation shall use its best efforts to provide at least ten (10) days’ prior written notice of the occurrence of any
Change in Control, and Participants shall, following the receipt of such notice, have the right to terminate their outstanding purchase rights prior to the effective date of the Change in Control. 

Notwithstanding the foregoing provisions of this Section VII.I to the contrary, the Plan Administrator may in its discretion
determine that any outstanding purchase rights shall be terminated prior to the effective date of a Change in Control, in which case all payroll deductions for the Purchase Interval in which such purchase rights are terminated shall be promptly
refunded. 
 J. Proration of Purchase Rights. Should the total number of shares of Common Stock to be
purchased pursuant to outstanding purchase rights on any particular date exceed the number of shares then available for issuance under the Plan or the limit on the maximum number of shares of Common Stock purchasable in total by all Participants on
any one Purchase Date pursuant to Section VII.D, the Plan Administrator shall make a pro-rata allocation of the shares available or purchasable on a uniform and nondiscriminatory basis, and the payroll deductions of each Participant, to the
extent in excess of the aggregate purchase price payable for the Common Stock pro-rated to such individual, shall be refunded. 

K. Assignability. The purchase right shall be exercisable only by the Participant and shall not be assignable or
transferable by the Participant. 
 L. Stockholder Rights. A Participant shall have no stockholder rights
with respect to the shares subject to his or her outstanding purchase right until the shares are purchased on the Participant’s behalf in accordance with the provisions of the Plan and the Participant has become a holder of record of the
purchased shares. 
  

	VIII. 	ACCRUAL LIMITATIONS 

A. No Participant shall be entitled to accrue rights to acquire Common Stock pursuant to any purchase right outstanding under this
Plan if and to the extent such accrual, when aggregated with (i) rights to purchase Common Stock accrued under any other purchase right granted under this Plan and (ii) similar rights accrued under other employee stock purchase plans
(within the meaning of Code Section 423) of the Corporation or any Corporate Affiliate, would otherwise permit such Participant to purchase more than Twenty-Five Thousand Dollars ($25,000.00) worth of stock of the Corporation or any Corporate
Affiliate (determined on the basis of the Fair Market Value per share on the date or dates such rights are granted) for each calendar year such rights are at any time outstanding. 

B. For purposes of applying such accrual limitations to the purchase rights granted under the Plan, the following provisions shall
be in effect: 
 (i) The right to acquire Common Stock under each outstanding purchase right shall accrue in
one or more installments on each successive Purchase Date during the offering period in which such right remains outstanding. 
 (ii) No right to acquire Common Stock under any outstanding purchase right shall accrue to the extent the Participant has already accrued in the same calendar year the right to acquire Common Stock
under one or more other purchase rights at a rate equal to Twenty-Five Thousand Dollars ($25,000.00) worth of Common Stock (determined on the basis of the Fair Market Value per share on the date or dates of grant) for each calendar year such rights
were at any time outstanding. 

  
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 C. If by reason of such accrual limitations, any purchase right of a Participant does
not accrue for a particular Purchase Interval, then the payroll deductions that the Participant made during that Purchase Interval with respect to such purchase right shall be promptly refunded. 

D. In the event there is any conflict between the provisions of this Article and one or more provisions of the Plan or any
instrument issued thereunder, the provisions of this Article shall be controlling. 
  

	IX.	EFFECTIVE TIME AND TERM OF THE PLAN 

 A. The Plan was adopted by the Board on April 14, 2011, and shall become effective upon the date on which the Plan is approved by the affirmative vote of the holders of a majority of the shares
of Common Stock which are present or represented and entitled to vote and voted at a meeting (the “Effective Time”), which approval must occur within the period ending twelve (12) months before or after the date the Plan
is adopted by the Board. 
 B. Unless sooner terminated by the Board, the Plan shall terminate upon the earliest of
(i) the last business day in April 2021, (ii) the date on which all shares available for issuance under the Plan shall have been sold pursuant to purchase rights exercised under the Plan, and (iii) the date on which all purchase
rights are exercised in connection with a Change in Control. No further purchase rights shall be granted or exercised, and no further payroll deductions shall be collected, under the Plan following such termination. 

C. From and after the Effective Time, no further grants shall be made under the JetBlue Airways Corporation Crewmember Stock
Purchase Plan, as in effect immediately prior to the Effective Time (the “Prior Plan”); however, any purchase rights outstanding under the Prior Plan before the Effective Time shall continue in effect in accordance
with their terms. 
  

	X.	AMENDMENT AND TERMINATION OF THE PLAN 

 A. The Board may alter, amend, suspend or terminate the Plan at any time to become effective immediately following the close of any Purchase Interval. However, the Plan may be amended or terminated
immediately upon Board action, if and to the extent necessary to assure that the Corporation will not recognize, for financial reporting purposes, any compensation expense in connection with the shares of Common Stock offered for purchase under the
Plan, should the financial accounting rules applicable to the Plan at the Effective Time be subsequently revised so as to require the Corporation to recognize compensation expense in the absence of such amendment or termination. 

B. In no event may the Board effect any of the following amendments or revisions to the Plan without the approval of the
Corporation’s stockholders: (i) increase the number of shares of Common Stock issuable under the Plan, except for permissible adjustments in the event of certain changes in the Corporation’s capitalization, (ii) alter the
purchase price formula so as to reduce the purchase price payable for the shares of Common Stock purchasable under the Plan, (iii) modify the eligibility requirements for participation in the Plan, or (iv) any other amendment requiring
stockholder approval under any applicable law, regulation or rule. 
 C. The Board may at any time terminate an offering
period then in progress and provide that Participants’ then outstanding payroll deductions shall be promptly refunded. 
  

	XI.	GENERAL PROVISIONS 

A. All costs and expenses incurred in the administration of the Plan shall be paid by the Corporation; however, each Plan Participant
shall bear all costs and expenses incurred by such individual in the sale or other disposition of any shares purchased under the Plan. 
 B. Nothing in the Plan shall confer upon the Participant any right to continue in the employ of the Corporation or any Corporate Affiliate for any period of specific duration or interfere with or

  
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otherwise restrict in any way the rights of the Corporation (or any Corporate Affiliate employing such person) or of the Participant, which rights are hereby expressly reserved by each, to
terminate such person’s employment at any time for any reason, with or without cause. 
 C. The provisions of the Plan
shall be governed by the laws of the State of Delaware without resort to that State’s conflict-of-laws rules. 

  
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 Schedule A 

Corporations Participating in 
 2011 Crewmember Stock Purchase Plan 
 As of the Effective Time

 JetBlue Airways Corporation 

  
 8 

 APPENDIX 

The following definitions shall be in effect under the Plan: 
 A. Board shall mean the Corporation’s Board of Directors. 

B. Cash Earnings shall mean (i) the regular base salary paid to a Participant by one or more Participating
Companies during such individual’s period of participation in one or more offering periods under the Plan plus (ii) all overtime payments, bonuses, commissions, profit-sharing distributions or other incentive-type payments received during
such period. Such Cash Earnings shall be calculated before deduction of (A) any income or employment tax withholdings, or (B) any contributions made by the Participant to any Code Section 401(k) salary deferral plan or any Code
Section 125 cafeteria benefit program now or hereafter established by the Corporation or any Corporate Affiliate. However, Cash Earnings shall not include any non-cash items, severance or notice pay, income attributable to stock options
or other stock-base compensation or contributions made by the Corporation or any Corporate Affiliate on the Participant’s behalf to any crewmember benefit or welfare plan now or hereafter established (other than Code Section 401(k) or Code
Section 125 contributions deducted from such Cash Earnings). 
 C. Change in Control shall mean the
occurrence of any of the following: 
 (i) Any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the
then-outstanding shares of common stock of the Corporation (the “Outstanding Corporation Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Corporation entitled to vote
generally in the election of directors (the “Outstanding Corporation Voting Securities”); provided, however, that, for purposes of this Section 2(h), the following acquisitions shall not constitute a Change
in Control: (i) any acquisition directly from the Corporation, (ii) any acquisition by the Corporation, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any Affiliate
or (iv) any acquisition by any corporation pursuant to a transaction that complies with Sections C(iii)(1), C(iii)(2) and C(iii)(3) below; 
 (ii) Any time at which individuals who, as of the Effective Time, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to the Effective Time whose election, or nomination for election by the Corporation’s stockholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual
or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; (iii) Consummation of a reorganization,
merger, statutory share exchange or consolidation or similar transaction involving the Corporation or any Affiliate, a sale or other disposition of all or substantially all of the assets of the Corporation, or the acquisition of assets or stock of
another entity by the Corporation or any Affiliate (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were the
beneficial owners of the Outstanding Corporation Common Stock and the Outstanding Corporation Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of
common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent
governing body), as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Corporation or all or substantially all of the Corporation’s
assets either directly or through one or 

  
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more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Corporation Common Stock and the Outstanding
Corporation Voting Securities, as the case may be, (2) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Corporation or such corporation resulting from such
Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the
then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (3) at least a majority of the members of the board of directors (or, for a non-corporate entity,
equivalent governing body) of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business
Combination; or 
 (iv) The consummation of a plan of complete liquidation or dissolution of the
Corporation. 
 D. Code shall mean the Internal Revenue Code of 1986, as amended. 

E. Common Stock shall mean the Corporation’s common stock. 

F. Corporate Affiliate shall mean (i) any parent or subsidiary corporation of the Corporation (as determined in
accordance with Code Section 424), whether now existing or subsequently established, and, (ii) solely for purposes of the definition of Change in Control, any Person that directly or indirectly controls, is controlled by or is under common
control with the Corporation. The term “control” (including, with correlative meaning, the terms “controlled by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting or other securities, by contract or otherwise. 

G. Corporation shall mean JetBlue Airways Corporation, a Delaware corporation, and any corporate successor to all or
substantially all of the assets or voting stock of JetBlue Airways Corporation that shall by appropriate action adopt the Plan. 

H. Effective Time shall have the meaning given such term in Section IX.A. Any Corporate Affiliate that becomes a
Participating Corporation after such Effective Time shall designate a subsequent Effective Time with respect to its Eligible Crewmember-Participants (except with respect to the definition of Change in Control). 

I. Eligible Crewmember shall mean any person who is paid remuneration for services rendered as an employee of one or
more Participating Corporations. 
 J. Exchange Act shall mean the Securities Exchange Act of 1934, as it may
be amended from time to time, including the rules and regulations promulgated thereunder and successor provisions and rules and regulations thereto. 
 K. Fair Market Value per share of Common Stock on any relevant date shall be determined in accordance with the following provisions: if the Common Stock is at the time listed on any
Stock Exchange, then the Fair Market Value shall be the average of the highest and the lowest selling price per share of Common Stock on the date in question on the Stock Exchange determined by the Plan Administrator to be the primary market for the
Common Stock, as such price is officially quoted in the composite tape of transactions on such exchange. If there is no such average selling price for the Common Stock on the date in question, then the Fair Market Value shall be the average of the
highest and the lowest selling price per share of Common Stock on the last preceding date for which such quotation exists. 

L. 1933 Act shall mean the Securities Act of 1933, as amended. 

M. Participant shall mean any Eligible Crewmember of a Participating Corporation who is actively participating in the
Plan. 

  
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 N. Participating Corporation shall mean the Corporation and such
Corporate Affiliate or Affiliates as may be authorized from time to time by the Board to extend the benefits of the Plan to their Eligible Crewmembers. The Participating Corporations in the Plan are listed in attached Schedule A. 

O. Plan shall mean the Corporation’s 2011 Crewmember Stock Purchase Plan, as set forth in this document.

 P. Plan Administrator shall mean the committee of two (2) or more Board members appointed by the
Board to administer the Plan. 
 Q. Purchase Date shall mean the last business day of each Purchase Interval.

 R. Purchase Interval shall mean each successive six (6)-month period within a particular offering period
at the end of which there shall be purchased shares of Common Stock on behalf of each Participant. 
 S. Stock
Exchange shall mean the Nasdaq Stock Exchange or such other securities exchange or inter-dealer quotation system as may at the applicable time be the principal market for the Common Stock. 

  
 11

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