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 gain (loss) on equity investments (continued) Our GAAP results in the applicable periods were impacted by credits and charges that were deemed special items. For the three and nine months ended September 30, 2023, special items included Spirit acquisition costs and union contract costs. Special items for 2022 included Spirit acquisition costs, union contract costs and Embraer E190 fleet transition costs. Certain gains and losses on our equity investments were also excluded from our 2023 and 2022 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 for the periods presented. jetBlue Non-GAAP Financial Measure RECONCILIATION OF OPERATING EXPENSE, OPERATING COME (LOSS), ADJUSTED OPERATING ARGIN, E-TAX INCOME (LOSS), ADJUSTED PRE-TAX MARGIN, NET INCOME (LOSS), EARNINGS (LOSS) PER SHARE, EXCLUDING SPECIAL ITEMS AND GAIN (LOSS) ON EQUITY INVESTMENTS (CONTINUED) (unaudited) Three Months Ended September 30, 2023 2022 CALCULATION OF EARNINGS (LOSS) PER SHARE Earnings (loss) per common share Basic Add back: Special items Less: Income tax benefit related to special items Less: Net gain (loss) on investments Less: Income tax expense (benefit) 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 related to special items Less: Net gain (loss) on investments Less: Income tax expense (benefit) related to net gain (loss) on investments Diluted excluding special items and net gain (loss) on investments $ $ $ $ (0.46) $ 0.10 0.03 (0.39) $ (0.46) $ 0.10 0.03 (0.39) $ 0.18 0.04 0.01 0.21 0.18 0.04 0.01 0.21 $ $ $ $ Nine Months Ended September 30, 2023 2022 (0.63) $ 0.51 0.08 0.02 (0.22) (0.63) 0.51 0.08 0.02 (0.22) $ $ $ (1.20) 0.18 0.02 (0.01) (1.03) (1.20) 0.18 0.02 (0.01) (1.03) 17

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