Exhibit 99.1

		Investor Update

Investor Update: January 28, 2010

This investor update provides JetBlue’s investor guidance for the first quarter ending March 31, 2010 and full year 2010.

Recent Announcements

JetBlue has recently announced service between the following new city pairs:

City Pair		Frequency		Start Date
New York, NY (JFK) — Punta Cana, Dominican Republic*		1x Daily		May 6, 2010
Boston, MA — Punta Cana, Dominican Republic*		Saturdays		May 8, 2010
Boston, MA — San Jose, CA		1x Daily		May 13, 2010

Specific details regarding frequency and start dates can be found on JetBlue’s web site, www.jetblue.com.

JetBlue announced it will defer 16 EMBRAER 190 aircraft originally scheduled for delivery between 2012 through 2016 to 2017 and 2018. JetBlue also expects to take delivery of four EMBRAER 190 aircraft in 2010. JetBlue’s modified EMBRAER 190 firm aircraft delivery schedule is as follows:**

Annual Deliveries		2010				2011				2012				2013				2014				2015				2016				2017				2018
Previous Firm E190 Deliveries			—				4				13				12				12				9				10				—				—
Revised Firm E190 Deliveries			4				5				6				7				7				7				8				8				8
Net Change			4				1				(7	)			(5	)			(5	)			(2	)			(2	)			8				8

Capacity

First quarter 2010 available seat miles (ASMs) are estimated to increase 6% to 8% year-over-year. Full year 2010 ASMs are estimated to increase 5% to 7% year-over-year.

JetBlue estimates the following distribution as a percentage of total ASMs by aircraft type:

First Quarter 2010								Full Year 2010
A320				E190				A320				E190
	86	%			14	%			86	%			14	%

Average stage length is projected to be approximately 1,099 miles during the first quarter of 2010 versus 1,064 miles during the same prior year period and approximately 1,097 miles for the full year 2010 versus 1,076 miles for the full year 2009.

JetBlue Airways Investor Relations • (718) 709-2202 • ir@jetblue.com

		Investor Update

Operational Outlook

		Year-Over-Year Percentage Change
		First Quarter				Full Year
(Per ASM)		2010				2010
Revenue
Passenger Unit Revenue (PRASM)			(1%) - 2	%			5% - 8	%
Operating Unit Revenue (RASM)			(1%) - 2	%			5% - 8	%
Operating Expense
Unit Operating Expense (CASM)			7% - 9	%			5% - 7	%
Unit Operating Expense Excluding Fuel (Ex-Fuel CASM)			6% - 8	%			3% - 5	%

		First Quarter				Full Year
		2010				2010
Fuel Expense
Estimated Consumption (gallons)		119 million				492 million
Estimated Fuel Price per Gallon, Net of Hedges*		$	2.18			$	2.26

During the fourth quarter 2009, JetBlue reclassified fuel taxes from other operating expenses to fuel expense. Unit operating expenses excluding fuel and including the effects of this reclassification were 6.25 cents, 6.02 cents and 6.36 cents for the first, second and third quarters of 2009, respectively.

JetBlue estimates total Other Income (Expense) to be between $45 and $50 million in the first quarter and between $170 and $180 million for the full year. JetBlue expects an annual effective tax rate of approximately 41%. However, the actual tax rate in both first quarter and full year 2010 could differ due to the non-deductibility of certain items for tax purposes.

Fuel Hedges

As of January 22, 2010 JetBlue’s advanced fuel derivative contracts for the next 12 months are as follows:

				Estimated Percentage
		Gallons		of Consumption				Price
1Q10		76 million			64	%		• 5% in heat collars with average cap at $2.00/gal and average put at $1.60/gal
								• 15% in crude call options with average cap at $84/bbl
								• 44% in USGC jet fuel swaps at an average of $1.97/gal
2Q10		52 million			42	%		• 5% in heat collars with average cap at $2.06/gal and average put at $1.66/gal
								• 18% in crude call options with average cap at $86/bbl
								• 19% in USGC jet fuel swaps at an average of $2.09/gal
3Q10		46 million			36	%		• 14% in heat collars with average cap at $2.30/gal and average put at $1.90/gal
								• 18% in crude call options with average cap at $89/bbl
								• 4% in USGC jet fuel swaps at an average of $2.12/gal
4Q10		46 million			38	%		• 14% in heat collars with average cap at $2.38/gal and average put at $1.98/gal
								• 19% in crude call options with average cap at $90/bbl
								• 5% in USGC jet fuel swaps at an average of $2.16/gal

JetBlue Airways Investor Relations • (718) 709-2202 • ir@jetblue.com

		Investor Update

Aircraft Delivery Schedule

As of December 31, 2009 JetBlue’s fleet was comprised of 110 Airbus A320 aircraft and 41 EMBRAER 190 aircraft. 115 aircraft were on order, scheduled for delivery through 2018, with options to acquire 89 additional aircraft.

		Airbus A320												EMBRAER 190
						Committed Financing												Committed Financing
		Aircraft				Mortgage				Lease				Aircraft				Mortgage				Lease
1Q10			—				—				—				—				—				—
2Q10			—				—				—				2				2				—
3Q10			—				—				—				1				1				—
4Q10			—				—				—				1				1				—
Total at Year End*			110				86				24				45				14				31

Capital Expenditures

(In millions)

First Quarter 2010								Full Year 2010
Aircraft				Non-aircraft				Aircraft				Non-aircraft
$	35			$	40			$	250			$	145

Share Count

Share count estimates for calculating basic and diluted earnings per share are as follows:

		First Quarter 2010
		Basic Share Count				Diluted Share Count				Interest Add-back
Net Income Range		(in millions)				(in millions)				(in millions)**
Zero - $11 million			274.0				276.9				—
$11 million - $15 million			274.0				304.4			$	1
$15 million or greater			274.0				345.5			$	3

		Full Year 2010
		Basic Share Count				Diluted Share Count				Interest Add-back
Net Income Range		(in millions)				(in millions)				(in millions)**
Zero - $42 million			275.1				278.7				—
$42 million - $57 million			275.1				306.1			$	4
$57 million or greater			275.1				347.3			$	12

These share count estimates assume 20% annual stock price appreciation and are based on several other assumptions. The number of shares used in JetBlue’s actual earnings per share will likely be different than those stated above.

JetBlue Airways Investor Relations • (718) 709-2202 • ir@jetblue.com

		Investor Update

This investor update contains statements of a forward-looking nature which represent our management’s beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words “expects,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. 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, 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; increases in fuel prices, maintenance costs and interest rates; our ability to implement our growth strategy, including the ability to operate reliably the EMBRAER 190 aircraft and our new terminal at JFK; our significant fixed obligations; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on high daily aircraft utilization; our dependence on the New York metropolitan market and the effect of increased congestion in this market; our reliance on automated systems and technology; our being subject to potential unionization; our reliance on a limited number of suppliers; changes in or additional government regulation; changes in our industry due to other airlines’ financial condition; a continuance of the economic recessionary conditions in the U.S. or a further economic downturn leading to a continuing or accelerated decrease in demand for domestic and business air travel; and external geopolitical events and conditions. Further information concerning these and other factors is contained in the Company’s Securities and Exchange Commission filings, including but not limited to, the Company’s 2008 Annual Report on Form 10-K as updated by our Current Reports on Form 8-K filed on June 1, 2009 and August 26, 2009, and Quarterly Reports on Form 10-Q. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this investor update.

JetBlue Airways Investor Relations • (718) 709-2202 • ir@jetblue.com