JetBlue-Spirit Combination Unlocks Opportunities to Further Disrupt the ‘Big Four’ Airlines With More Low-Fare Options in South Florida and Across the U.S.

JetBlue Supports Broward County’s Master Plan for Airport as Airline Seeks to Add 1,000 New Jobs and Reaffirms Commitment to Spirit’s New Dania Beach Support Center

JetBlue (NASDAQ: JBLU) today announced new service between Fort Lauderdale-Hollywood International Airport (FLL) and Tallahassee International Airport (TLH) beginning in January 2024, as the airline lays out new plans for more low-fare, high-value flights in South Florida. After its planned combination with Spirit, JetBlue expects to reach more than 250 flights a day at Fort Lauderdale-Hollywood by 2027.

“As a customer-centric alternative to the high-fare legacy airline that dominates South Florida, we have achieved rapid growth in Fort Lauderdale and are ready to turbocharge further expansion once we combine with Spirit,” said Robin Hayes, chief executive officer, JetBlue. “You shouldn’t have to choose between a low fare and a great experience. JetBlue offers both, and that’s why we are uniquely positioned to challenge the Big Four airlines and boost competition in Florida and across the country.”

Broward County’s master plan for further development of Fort Lauderdale-Hollywood International Airport would enable JetBlue to grow to more than 250 daily flights. JetBlue has already committed support for a new Terminal 5 and is ready to partner with the airport on further expansion to increase capacity.

“We commend JetBlue for expanding and providing more direct flights between the capital and South Florida,” said Governor Ron DeSantis. “These new low-fare flights will further benefit Florida’s thriving economy by bringing more jobs to our communities, and adding more choices for affordable air travel within the state. We look forward to JetBlue’s continued expansion in Fort Lauderdale.”

“We applaud JetBlue's plans to offer new nonstop jet service from FLL to Tallahassee next January, an option long sought after for many years, and we are encouraged by their support for FLL’s Master Plan," said Mark E. Gale, FLL CEO/Director of Aviation. "We look forward to working with JetBlue on its robust growth plans for FLL, which includes new international service," Gale noted.

“FLL is one of America’s dynamic emerging travel hubs and I’m proud of the commitment, history and role that JetBlue and its amazing workers have played in that,” said U.S. Rep. Debbie Wasserman Schultz (FL-25). “It’s especially encouraging that JetBlue’s growth plans will not only build on that and bring new jobs, but it will also more closely connect our community with Florida’s seat of government in Tallahassee, where more direct citizen engagement and input is always welcome.”

More Routes, More Choices for South Florida

Since making Fort Lauderdale a JetBlue focus city, the airline’s much-loved experience – with the most legroom in coach (a), free seatback entertainment, free Fly-Fi high speed internet (b), free snacks, and friendly service – quickly positioned it as a preferred carrier in South Florida.

JetBlue plans to combine with Spirit and further grow its Fort Lauderdale schedule over the coming years, ultimately reaching more than 250 daily departures by 2027 and making Fort Lauderdale-Hollywood an even more compelling choice for South Florida customers. While both carriers have had success in Fort Lauderdale, the combination between JetBlue and Spirit will unlock long-term opportunities to add domestic and international markets and routes that would not be possible otherwise:

• JetBlue would offer flights to approximately 30 markets not served by either JetBlue or Spirit from Fort Lauderdale today and would add more flight frequencies to approximately 30 additional markets.
• Fort Lauderdale will become an even more attractive alternative to Miami on more routes. From Fort Lauderdale, JetBlue and Spirit currently serve 66 of the top 100 markets available from Miami International Airport today (within range of existing and planned JetBlue fleet). After completing its planned expansion, JetBlue would serve from Fort Lauderdale approximately 90 of the top 100 Miami markets.
• With a more competitive position in South Florida, JetBlue would plan to launch service between Fort Lauderdale and Europe with its game-changing transatlantic Mint and core experiences that have brought down high fares for European travel.
• The larger network would make a number of routes viable that aren't today, with examples including destinations like as Antigua; Belize; Cincinnati; Liberia, Costa Rica; Minneapolis; Memphis, Tenn.; and Savannah, Ga.

Connecting South Florida to the State Capital

Convenient travel to Tallahassee is essential, given its critical role as the Florida state capital and as home to major universities, however its distance from South Florida puts it just too far to easily drive. JetBlue’s daily service will offer those travelling back and forth for business or education an affordable and comfortable option, while also creating opportunities for both leisure and business customers traveling from Tallahassee to connect in Fort Lauderdale to other JetBlue destinations.

JetBlue plans to start new service between Fort Lauderdale and Tallahassee in January 2024. Flights will go on sale in the coming months.

“There are few cheap and easy ways to get between South Florida and the state capital today,” said Dave Clark, head of revenue and planning, JetBlue. “Building off the success of our Jacksonville to Fort Lauderdale route, we’re excited to announce this important intra-Florida flight as the first of many new routes to come.”

"I am proud to welcome JetBlue to Florida's capital city!” said Tallahassee Mayor John Dailey. “Tallahassee is thriving, and this exciting news is another example of the many great things coming to fruition around our growing community and at the Tallahassee International Airport. The addition of JetBlue is the result of long-term, focused planning efforts and investments at TLH to expand air service in a way that brings value to our community.”

Commitment to South Florida and FLL’s Master Plan

JetBlue’s expansion plan, which will be bolstered by its planned acquisition of Spirit, underscores the airline’s long-term commitment to Florida and signals support for the airport’s master plan to further grow and develop airport facilities.

“We are eager to work with Broward County and airport officials to make this vision a reality,” Hayes said. “We fully support Broward County’s plan for future airport development. The region is growing quickly and will need more flights to meet demand. And our commitment goes well beyond a bigger flight schedule. We plan to build a maintenance hangar at the airport, while also maintaining Spirit’s new Dania Beach support center and our fast-growing JetBlue Travel Products business already based in Broward County.”

JetBlue has a long history of collaborating with Broward County and the airline community on projects to grow and to improve the customer experience at the airport, including development of a new baggage system for Terminal 3 and upgrades to the lobbies, concessions, and other facilities. JetBlue is currently partnering with the airport to design and build the new Terminal 5, a five-gate facility with a connection to Terminal 4, new roadways, a skybridge to the parking garage and new remote aircraft parking positions. This project is expected to be completed in mid-2026.

JetBlue estimates its plan would add approximately 1,000 incremental new jobs at the airline’s Fort Lauderdale operations, and further support economic activity across the region that will lead to additional job growth. In addition, JetBlue’s no furlough policy ensures that current Spirit team members who wish to stay with the combined airline will have a role with JetBlue. Today, JetBlue and Spirit employ nearly 13,000 people in Florida, with service to 10 airports across the state. JetBlue has committed to insourcing many jobs that Spirit currently outsources to third-party providers. In addition, JetBlue maintains a focus city at MCO, support center, and crewmember training campus in Orlando.

JetBlue believes competition is essential to a healthy airline industry. Even as it grows in South Florida to offer more low-fare, high-quality choices, it is committed to making room for additional service at the airport. As part of its proposal to combine with Spirit, JetBlue would relinquish a number of preferentially leased gates to other ultra low-cost carriers.

“On every level, more JetBlue flights to more destinations is going to be great for South Florida customers, and we welcome other low-cost carriers to join us in challenging the Big Four airlines who control around 80% of the U.S. market,” Hayes said.

About JetBlue

JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada and the United Kingdom. For more information and the best fares, visit jetblue.com.

a. JetBlue offers the most legroom in coach based on average fleet-wide seat pitch for U.S. airlines.

b. Fly-Fi® and live television are available on all JetBlue-operated flights. Availability and coverage area may vary by aircraft. Details on inflight wi-fi and entertainment: https://www.jetblue.com/flying-with-us.

Forward Looking Statements

Statements in this press release contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or 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 press release, 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, those listed in our U.S. Securities and Exchange Commission (“SEC”) filings, matters of which we may not be aware, the coronavirus pandemic including new and existing variants, the outbreak of any other disease or similar public health threat that affects travel demand or behavior; restrictions on our business related to the financing we accepted under various federal government support programs such as the Coronavirus Aid, Relief, and Economic Security Act, the Consolidated Appropriations Act, and the American Rescue Plan Act; our significant fixed obligations and substantial indebtedness; risk associated with execution of our strategic operating plans in the near-term and long-term; the recording of a material impairment loss of tangible or intangible assets; our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; volatility in fuel prices, maintenance costs and interest rates; our reliance on high daily aircraft utilization; our ability to implement our growth strategy; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on a limited number of suppliers, including for aircraft, aircraft engines and parts and vulnerability to delays by those suppliers; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; the outcome of the lawsuit filed by the Department of Justice and certain state Attorneys General against us related to our Northeast Alliance entered into with American Airlines; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation, including new or increased tariffs; changes in our industry due to other airlines’ financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; adverse weather conditions or natural disasters; external geopolitical events and conditions; the occurrence of any event, change or other circumstances that could give rise to the right of JetBlue or Spirit or both of them to terminate the Merger Agreement; failure to obtain applicable regulatory approval in a timely manner or otherwise and the potential financial consequences thereof; failure to satisfy other closing conditions to the transaction with Spirit; failure of the parties to consummate the transaction; JetBlue’s ability to finance the transaction with Spirit and the indebtedness JetBlue expects to incur in connection with the transaction; the possibility that JetBlue may be unable to achieve expected synergies and operating efficiencies within the expected timeframes or at all and to successfully integrate Spirit’s operations with those of JetBlue; the possibility that such integration may be more difficult, time-consuming or costly than expected or that operating costs and business disruption (including, without limitation, disruptions in relationships with employees, customers or suppliers) may be greater than expected in connection with the transaction with Spirit; failure to realize anticipated benefits of the combined operations; demand for the combined company’s services; the growth, change and competitive landscape of the markets in which the combined company participates; expected seasonality trends; diversion of managements’ attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction with Spirit; risks related to investor and rating agency perceptions of each of the parties and their respective business, operations, financial condition and the industry in which they operate; risks related to the potential impact of general economic, political and market factors on the companies or the transaction with Spirit; and ongoing and increases in costs related to IT network security. 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 transaction with Spirit.

Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Further information concerning these and other factors is contained in JetBlue’s SEC filings, including but not limited to, JetBlue’s 2021 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur. Our forward-looking statements included in this press release speak only as of the date the statements were written or recorded. 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.

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