jetBlue Results Presentation Deck

Operating expense, income (loss) before taxes, net income (loss) and earnings (loss) per share, excluding special items and gain (loss) on equity investments Our GAAP results in the applicable periods were impacted by credits and charges that were deemed special items. In 2021, special items include contra-expenses recognized on the utilization of federal grants received under various payroll support programs, contra-expenses recognized on the Employee Retention Credits (ERCs) provided by the CARES Act, and one-time costs related to the ratification of the collective bargaining agreement with our inflight crew members. Special items for 2019 include one-time 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 2021 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 below 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: Gain (loss) on equity investments Income (loss) before income taxes excluding special items and gain (loss) on equity investments Pre-tax margin excluding special items and gain on equity investments Net income (loss) Add back: Special items Less: Income tax (expense) benefit related to special items Less: Gain (loss) on equity investments Less: Income tax (expense) benefit related to gain (loss) on equity investments Net income (loss) excluding special items and gain (loss) on equity investments Earnings (Loss) Per Common Share: Basic Add back: Special items, net of tax Less: Gain (Loss) on equity investments, net of tax Basic excluding special items and gain (loss) on equity investments Diluted Add back: Special items, net of tax Less: Gain (Loss) on equity investments, net of tax Diluted excluding special items and gain (loss) on equity investments $ $ $ $ $ $ $ $ $ $ $ $ $ Three Months Ended December 31, 2021 1,834 1,953 8 1,945 (119) 8 (111) -6.0% (163) 8 (10) (145) -7.9% (129) 8 2 (10) 3 (116) (0.40) 0.02 (0.02) (0.36) (0.40) 0.02 (0.02) (0.36) $ $ $ $ $ $ $ $ $ $ $ $ $ 2019 2,031 1,804 1 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, 2021 6,037 6,117 (833) 6,950 (80) (833) (913) -15.1% (263) (833) 44 (1,140) -18.9% (182) (833) (249) 44 (13) (797) (0.57) (1.84) 0.10 (2.51) (0.57) (1.84) 0.10 (2.51) $ $ $ $ $ $ $ $ $ $ $ $ $ 2019 8,094 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 22

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