jetBlue Results Presentation Deck

Operating expense, operating income (loss), adjusted operating margin, pre-tax income (loss), adjusted pre-tax margin, net income (loss) and earnings (loss) per share, excluding special items and net gain (loss) on investments (continued) Our GAAP results in the applicable periods were impacted by credits and charges that were deemed special items. Special items for 2023 include Spirit costs and union contract costs. jetBlue Special items for 2022 included Spirit costs, union contract costs and Embraer E190 fleet transition costs. We believe the impact of these items distort our overall trends and 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 for the periods presented. Non-GAAP Financial Measure RECONCILIATION OF OPERATING EXPENSE, OPERATING INCOME (LOSS), ADJUSTED OPERATING MARGIN, PRE-TAX INCOME (LOSS), ADJUSTED PRE-TAX MARGIN, NET INCOME (LOSS), EARNINGS (LOSS) PER SHARE, EXCLUDING SPECIAL ITEMS AND NET GAIN (LOSS) ON INVESTMENTS (CONTINUED) (unaudited) Three Months Ended December 31, 2023 2022 CALCULATION OF EARNINGS (LOSS) PER SHARE Earnings (loss) per common share Basic Add back: Special items Less: Income tax benefit (expense) related to special items Less: Net gain (loss) on investments Less: Income tax benefit (expense) related to net gain (loss) on investments Basic excluding special items and net gain (loss) on investments Diluted Add back: Special items Less: Income tax benefit (expense) related to special items Less: Net gain (loss) on investments Less: Income tax benefit (expense) related to net gain (loss) on investments Diluted excluding special items and net gain (loss) on investments $ $ $ $ (0.31) $ 0.09 (0.04) 0.01 (0.19) $ (0.31) $ 0.09 (0.04) 0.01 (0.19) $ 0.07 0.17 0.03 (0.01) 0.22 0.07 0.17 0.03 (0.01) 0.22 Twelve Months Ended December 31, 2022 $ $ $ $ 2023 (0.93) $ 0.59 0.09 0.03 (0.01) (0.45) $ (0.93) $ 0.59 0.09 0.03 (0.01) (0.45) $ (1.12) 0.35 0.06 (0.03) (0.80) (1.12) 0.35 0.06 (0.03) (0.80) 15

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