jetBlue Results Presentation Deck

Operating expense, (loss) income before taxes, net (loss) income and (loss) earnings per share, excluding special items and net gain on investments Our GAAP results in the applicable periods were impacted by charges that are deemed special items. Special items in the first quarter of 2019 include one-time costs related to the Embraer E190 fleet transition, as well as one-time costs related to the implementation of our pilots' collective bargaining agreement. There were no special items in the first quarter of 2022. Mark-to-market and certain gains and losses on our investments were also excluded from our first quarter 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 below 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, (LOSS) INCOME BEFORE TAXES, NET (LOSS) INCOME AND (LOSS) EARNINGS PER SHARE EXCLUDING SPECIAL ITEMS AND NET GAIN ON INVESTMENTS (in millions, except per share amounts) (unaudited) Total operating revenues Total operating expenses Less: Special items Total operating expenses excluding special items Operating (loss) income Add back: Special items Operating (loss) income excluding special item s Operating margin excluding special items (Loss) income before income taxes Add back: Special items. Less: Net gain on investments (Loss) income before income taxes excluding special items and net gain on investments Pre-tax margin excluding special items and net gain on investments Net (loss) income Add back: Special items Less: Income tax (expense) benefit related to special items Less: Net gain on investments Less: Income tax (expense) related to net gain on investments Net (loss) income excluding special items and net gain on investments (Loss) earnings per common share: Basic Add back: Special items, net of tax Less: Net gain on investments, net of tax Basic excluding special items and net gain on investments Diluted Add back: Special items, net of tax Less: Net gain on investments, net of tax Diluted excluding special items and net gain on investments $ $ $ $ $ $ $ $ $ $ $ $ $ Three Months Ended March 31, 2022 1,736 2,103 2,103 (367) (367) -21.1% (398) 2 (400) -23.0% (255) 2 (1) (256) (0.79) 0.01 (0.80) (0.79) 0.01 (0.80) $ $ $ $ $ $ $ $ $ $ $ $ $ 2019 1,871 1,795 12 1,783 76 12 88 4.7% 58 12 70 3.7% 42 ONN 12 3 51 0.14 0.02 0.16 0.14 0.02 0.16 22

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