X0202 4 2005-05-18 0001158463 JETBLUE AIRWAYS CORP JBLU 0000900203 SOROS GEORGE 888 SEVENTH AVENUE 33RD FLOOR NEW YORK NY 10106 0 0 1 0 Options to Purchase Common Stock (right to buy) 22.125 2005-05-18 4 J 0 9000 A 2005-05-18 2015-05-18 Common Stock 9000 9000 I See Footnote Represents director options to purchase 9,000 shares of common stock issued to a director that serves as an advisor to QIP (as defined below). These options are held for the benefit of Quantum Industrial Partners LDC, an exempted limited duration company formed under the laws of the Cayman Islands ("QIP"). QIH Management Investor, L.P., an investment advisory firm organized as a Delaware limited partnership ("QIHMI"), is a minority shareholder of, and is vested with investment discretion with respect to portfolio assets held for the account of, QIP. The sole general partner of QIHMI is QIH Management LLC, a Delaware limited liability company ("QIH Management"). Soros Fund Management LLC, a Delaware limited liability company ("SFM"), is the sole managing member of QIH Management. The Reporting Person is the Chairman of SFM and, in such capacity, may be deemed to have voting and dispositive power over securities held for the account of QIP. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of any securities not held directly for his account for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Richard D. Holahan, Jr., as Attorney-in-Fact for Mr. George Soros 2005-05-20