jetBlue Results Presentation Deck

Committed to Maintaining Our Competitive Cost Structure jetBlue CASM Ex-Fuel(1) Year-over-Year Growth Guidance 8.5% to 10.5% 7.6% 4Q23 9.0% to 11.0% 3.3% 1Q24 Up Mid-to- High Single Digits ASM Year-over-Year Growth (6.0%) to (3.0%) FY24 Down low single digits Achieved FY23 Cost Guidance Despite Air Traffic Control and Weather Setbacks Cost Profile in FY24 Impeded by Temporary Challenges Engine issues expected to drive significant aircraft ground time; currently seven aircraft out-of-service and expected to rise to ~13-15 by year-end ● Laser Focused on Delivering Competitive Cost Growth Despite Industry Cost Pressures and YoY Capacity Deceleration ● ● ● Initiating deeper and targeted controllable fixed cost savings, driving roughly flat absolute CASM ex-Fuel (¹) throughout 2024 Structural Cost Program is at peak of expectations and expected to deliver $175-200M in run-rate cost reduction through year-end 2024 Near-term pressures exist while transitioning to two fleet types, remain on track to deliver $75M savings via fleet modernization program by year-end 2024 (1) Operating expense per available seat mile, excluding fuel and related taxes, hedges, other non-airline operating expenses, and special items ("CASM ex-Fuel"); refer to reconciliations of non-GAAP financial measures in Appendix A 8

View entire presentation