jetBlue Results Presentation Deck

Operating expense, income (loss) before income taxes, net income (loss) and earnings (loss) per share, excluding special items and (loss) gain on equity investments Our GAAP results in the applicable periods were impacted by credits and charges that were deemed special items. In 2022, special items include costs related to the following: Embraer E190 fleet transition, our acquisition of Spirit Airlines, the ALPA ratification bonus, and the implementation of our TWU contract. Special items for 2019 include costs related to our Embraer E190 fleet transition and the implementation of our pilots' collective bargaining agreement. Certain gains and losses on our equity investments were also excluded from our 2022 and 2019 GAAP results. We believe the impact of these items distort our overall trends and that our metrics are more comparable with the presentation of our results excluding the impact of these items. The table provides a reconciliation of our GAAP reported amounts to the non-GAAP amounts excluding the impact of these items. jetBlue Non-GAAP Financial Measure Reconciliation of Operating Expense, Income (Loss) Before Taxes, Net Income (Loss) and Earnings (Loss) Per Share Excluding Special Items and Gain (Loss) on Equity Investments ($ in millions, except per share amounts) (unaudited) Total operating revenues Total operating expenses Less: Special items Total operating expenses excluding special items Operating income (loss) Add back: Special items Operating income (loss) excluding special items Operating margin excluding special items Income (loss) before income taxes Add back: Special items Less: (Loss) gain on equity investments Income (loss) before income taxes excluding special items and (loss) gain on equity investments Pre-tax margin excluding special items and (loss) gain on equity investments Net income (loss) Add back: Special items Less: Income tax benefit related to special items Less: (Loss) gain on equity investments Less: Income tax benefit (expense) related to (loss) gain on equity investments Net income (loss) excluding special items and (loss) gain equity investments Earnings (Loss) Per Common Share: Basic Add back: Special items, net of tax Less: (Loss) gain on equity investments, net of tax Basic excluding special items and (loss) gain on equity investments Diluted Add back: Special items, net of tax Less: (Loss) gain on equity investments, net of tax Diluted excluding special items and (loss) gain on equity investments Three Months Ended December 31, 2022 2019 2,415 2,031 $ $ $ $ $ $ $ $ $ $ $ $ $ 2,372 57 2,315 43 57 100 4.1% 7 57 (5) 69 2.8% 24 57 13 (5) 1 72 0.07 0.14 (0.01) 0.22 0.07 0.14 (0.01) 0.22 $ $ $ $ $ $ $ $ $ $ $ $ $ 1,804 1,803 227 1 228 11.2% 220 1 221 10.9% 161 1 162 0.56 0.01 0.57 0.56 0.56 Twelve Months Ended December 31, 2022 2019 $ 9,158 8,094 $ $ $ $ $ $ $ $ $ $ $ 9,456 113 9,343 (298) 113 (185) (2.0)% (437) 113 (9) (315) (3.4)% (362) 113 19 (9) 1 (260) (1.12) 0.29 (0.03) (0.80) (1.12) 0.29 (0.03) (0.80) $ $ $ $ $ $ $ $ $ $ 7,294 14 7,280 800 14 814 10.1% 768 14 15 767 9.5% 569 14 4 15 (4) 568 1.92 0.04 0.04 1.92 1.91 0.03 0.04 1.90 14

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