8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 21, 2009

JETBLUE AIRWAYS CORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE
(State or Other Jurisdiction of Incorporation)

000-49728
(Commission File Number) 87-0617894
(I.R.S. Employer Identification No.)

118-29 QUEENS BOULEVARD, FOREST HILLS, NEW YORK 11375
(Address of principal executive offices) (Zip Code)

(718) 709-3026
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

Dave Barger, Chief Executive Officer, and Ed Barnes, Executive Vice President and Chief Financial Officer of JetBlue Airways Corporation (the “Company”) will meet with investors at the UBS Airline Conference on Thursday, May 21, 2009. Mr. Barger and Mr. Barnes plan to update investors on the Company’s recent financial performance, outlook, and guidance for the second quarter and full year 2009.

The presentation slides are attached hereto as Exhibit 99.1 and are posted on the investor relations section of the JetBlue Airways Corporation website at http://investor.jetblue.com. Except for these slides, information on this website is not incorporated into this Current Report on Form 8-K or our other filings with the Securities and Exchange Commission.

The information in this Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 is being furnished under Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of Exchange Act, or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit No.		Description
	99.1	Investor presentation, dated May 21, 2009

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	JETBLUE AIRWAYS CORPORATION (Registrant)
Date: May 21, 2009	By:	/s/ Donald Daniels
		Donald Daniels
		Vice President, Controller and Chief Accounting Officer (principal accounting officer)

Exhibit Index

Exhibit No.		Description
	99.1	Investor presentation, dated May 21, 2009

EX-99.1

Exhibit 99.1

UBS Airline Conference May 21, 2009

Safe Harbor This presentation contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. 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 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 release.

JetBlue Well-Positioned for Sustainable Growth Cash From Operations To Fund Growth Strong liquidity position Focus on positive free cash flow Modest aircraft capex requirements Award-winning product Unique Brand & Culture

Solid Cash Position Cash as a Percentage of Trailing Twelve Months Revenue1 1Trailing twelve months as of March 31, 2009 Source: Company reports

Disciplined Growth Strategy Yields Profits Aircraft Capex (Millions) Aggressive capacity management through aircraft sales, deferrals & leases

Firm Aircraft Orders Fewer Aircraft Commitments Limit Financing Needs 2009* 2010 2011 3 6 3 0 5 4 2008 12 6 *Financing commitments in place for all 2009 aircraft deliveries Note: JetBlue sold 9 A320s in 2008 and 2 E190s in 2009

Uncertain Economic Environment and Events Pressure Demand Extensive sale activity pressuring yields during peak travel periods, especially in transcon markets H1N1 outbreak has negatively impacted bookings across the industry Mexico (Cancun) represents 1.7% of JetBlue's ASMs Implemented Cancun schedule adjustments in response to lower demand Traveler concerns about H1N1 appear to be having a disproportionate negative impact on overall demand for air travel As a result of continued economic uncertainty and the impact of H1N1: JetBlue expects a negative impact of four percentage points of RASM and PRASM in the second quarter vs. previously issued guidance. (For the second quarter, JetBlue expects RASM to decline between four and seven percent year over year and PRASM to decline between six and nine percent year over year.) JetBlue expects a negative impact of three percentage points of RASM and PRASM in the full year vs. previously issued guidance. (For the full year, JetBlue expects RASM to decline between two and five percent year over year and PRASM to decline between four and seven percent year over year.)

JetBlue Remains Well-Positioned with a Strong Brand and a Differentiated Product Unit Revenue Outperformance* Award-winning service Unique value proposition Limited premium travel exposure Loyal customer base Significant "Visiting Friends & Relatives" traffic *JetBlue has led the industry in monthly unit revenue growth on a year-over-year basis over the past year Source: ATA reporting carriers

Lower Fuel Prices Have Offset Revenue Decline Oil acting as a natural hedge against the demand environment Forward curve remains in contango JetBlue currently not hedging future fuel consumption: approximately 7% of remaining 2009 projected fuel consumption is hedged As a result, JetBlue continues to benefit from lower fuel prices JetBlue estimates an operating margin between 6-8% for the second quarter and between 9-11% for the full year 2009 JetBlue estimates a pre-tax operating margin of (1)-1% for the second quarter and 3-5% for the full year 2009 Note: Estimates based on the forward curve as of May 19, 2009