jetBlue Results Presentation Deck

MAINTAINING RELATIVE BALANCE SHEET STRENGTH jetBlue 0.6x 2017 0.8x 2018 Adjusted Net Debt to EBITDAR (1) 0.8x LEVERAGE 2019 3.5x - 4.0x 3.0x - 3.5x ÏÏ 2022E Post-transaction (2) 5.5x 2022E Industry Median (3) Paid down $106M in debt and funded $205M in CAPEX in 2Q22 No significant near-term debt maturities; vast majority of pro-form a debt maturing beyond 2026 Financing for Spirit acquisition expected to drive approximately $80M in financing costs (classified as interest expense) over 20 months Source: Management projections, historical financials, consensus estimates. Note: 2022E industry median excludes JetBlue and is based on consensus estimates as of July 19, 2022. Post-transaction net leverage is based on management projections for 2023E Adjusted Net Debt to 2023E EBITDAR and use leveragable EBITDAR where there is 50% synergy credit given to post-transaction figure and 100% synergy credit given to run-rate synergy capture figure. Leverage metric references adjusted net debt to EBITDAR, which is a non-GAAP metric. Refer to reconciliations of non-GAAP financial measures in Appendix B. 15

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