jetBlue Results Presentation Deck

ROBUST PROGRESS TOWARDS EARNINGS RECOVERY ● 2Q 2021 EARNINGS jetBlue GAAP earnings per share of $0.20; non-GAAP loss per share of ($0.65) (1) Adjusted EBITDA of ($86M) (1) versus expected range of ($115M) - ($165M) (1) (2) • Revenue down (29%) Yo2Y; capacity down (15%) Yo2Y; OpEx down (27%) Yo2Y (GAAP), down (7%) Yo2Y (non-GAAP) ) (1) 2Q 2021 BALANCE SHEET $3.7B of liquidity at 2Q close, equal to 46% of 2019 revenue Adjusted Debt to Cap ratio at 55% (1) (3) Significantly reduced net debt by ~$1.2B to below pre-pandemic levels during the quarter (1) Refer to reconciliations of non-GAAP financial measures in Appendices A & B (2) EBITDA includes SW & B paid with PSP funds (3) As of June 30, 2021 ● ● ● ● 3Q 2021 PLANNING ASSUMPTIONS* Adjusted EBITDA between $75M to $175M Capacity between 0 - (3%) vs 3Q 2019 Revenue down between (4%) - (9%) vs 3Q 2019 CASM ex-Fuel up 11% -13% vs 3Q 2019 KEY LIQUIDITY UPDATE In 2Q21 received -$1.1B, inclusive of PSP2 & PSP3 funds as well as other sources of cash Fully paid down term loan of $722M *As of July 27, 2021; does not constitute guidance 4

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