jetBlue Results Presentation Deck

Earnings before interest, taxes, depreciation, amortization, and special Items Earnings before interest, taxes, depreciation, and amortization (EBITDA) is a non-GAAP financial measure. We believes this measure allows investors to better understand the financial performance of the company by presenting earnings without including the effects of capital structure, tax rates, depreciation, and amortization. We further adjusted EBITDA to account for the impact of special items which are unusual or infrequent in nature. jetBlue Net (loss) Less: NON-GAAP FINANCIAL MEASURE EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AMORTIZATION, AND SPECIAL ITEMS (in millions) (unaudited) Interest (expense) Capitalized interest Interest income and other Add back: Income tax (benefits) Depreciation and amortization Earnings before interest, taxes, depreciation, and amortization Add back: Special items Earnings before interest, taxes, depreciation, amortization, and special items $ $ Three Months Ended December 31, 2020 (381) (59) co (2) (131) 128 (326) (69) (395) Twelve Months Ended December 31, 2020 $ $ (1,362) (179) 13 (13) (531) 535 (1,179) (283) (1,462) 20

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