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 months ended June 30, 2023, special items included Spirit acquisition costs. For the six months ended June 30, 2023, special items included union contract costs and Spirit acquisition costs. Special items for 2022 included fleet transition costs, union contract costs and Spirit acquisition 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. jetBlue 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 GAIN (LOSS) ON EQUITY INVESTMENTS (CONTINUED) (unaudited) CALCULATION OF EARNINGS (LOSS) PER SHARE Earnings (Loss) Per Common Share Basic Add back: Special items, net of tax Less: Net gain (loss) on investments, net of tax Basic excluding special items and net gain (loss) on investments Three Months Ended June 30, 2022 $ Diluted Add back: Special items, net of tax Less: Net gain (loss) on investments, net of tax Diluted excluding special items and net gain (loss) on investments $ $ 2023 0.41 $ 0.05 0.01 0.45 $ 0.41 0.05 0.01 0.45 $ $ (0.58) 0.10 (0.01) (0.47) (0.58) 0.10 (0.01) (0.47) $ $ $ $ Six Months Ended June 30, 2023 2022 (0.16) $ 0.27 0.01 0.10 $ (0.16) $ 0.27 0.01 0.10 $ (1.38) 0.10 (0.01) (1.27) (1.38) 0.10 (0.01) (1.27) 16

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