jetBlue Results Presentation Deck

Daily cash burn We present cash burn because we believe this metric is helpful to investors to evaluate our ability to maintain liquidity and evaluate cash flows from our core operating performance. Our cash burn is calculated as net cash used in operating activities, net cash used in investing activities, and net cash provided by financing activities adjusted for: (1) cash payments associated with our voluntary separation programs, (2) net purchases of investment securities, and (3) net proceeds from our common stock offering completed in December 2020. jetBlue Net cash (used in) operating activities Net cash (used in) investing activities Net cash provided by financing activities (Decrease) in cash, cash equivalents, and restricted cash Adjustments NON-GAAP FINANCIAL MEASURE DAILY CASH BURN (in millions, except for days in period) (unaudited) Voluntary separation programs Net purchases of investment securities Proceeds from issuance of common stock Total adjustments Adjusted (decrease) in cash Days in period Daily cash burn $ $ Three Months Ended December 31, 2020 (459) (765) 614 (610) 5 570 (583) (8) (618) 92 (6.7) 21

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