Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
(e) On July 8, 2009, JetBlue Airways Corporation (the "Company", we or us) and
Mr. David Barger, our President and Chief Executive Officer agreed to amend
Mr. Barger's employment contract to extend his term of employment for an
additional two years, through February 11, 2013. In connection with the
amendment, Mr. Barger will also receive a salary increase to $600,000 per year,
effective as of February 1, 2009, and a supplemental grant of restricted stock
units with a fair market value of $250,000 on the date of grant (which will
occur on the Company's next regularly scheduled grant date in mid-August 2009).
The remaining terms of his employment agreement are unchanged. The Compensation
Committee of the Board of Directors of the Company approved these changes to
Mr. Barger's employment agreement.