jetBlue Results Presentation Deck

Appendix B: Calculation of Leverage Ratios 1) Debt to Capitalization Ratio Adjusted for Total Operating Leases Adjusted debt to capitalization ratio is a non-GAAP financial metric which we believe is helpful to investors in assessing the company's overall debt profile. Adjusted debt includes total operating lease liabilities, in addition to total debt and finance leases, to present estimated financial obligations. Adjusted capitalization represents total equity plus adjusted debt. Long-term debt and finance leases Current maturities of long-term debt and finance leases Operating lease liabilities Adjusted debt Non-GAAP Financial Measure Adjusted Debt to Capitalization Ratio ($ in millions) Long-term debt and finance leases Current maturities of long-term debt and finance leases Operating lease liabilities Stockholders' equity Adjusted capitalization Adjusted debt to capitalization ratio jetBlue June 30, 2023 (unaudited) 3,486 271 692 4,449 3,486 271 692 3,554 8,003 56% December 31, 2022 3,093 554 736 4,383 3,093 554 736 3,563 7,946 55 % 2) Debt to Capitalization Ratio Adjusted for Aircraft Operating Leases Adjusted debt to capitalization ratio is a non-GAAP financial metric which we believe is helpful to investors in assessing the company's overall debt profile. Adjusted debt includes aircraft operating lease liabilities, in addition to total debt and finance leases, to present estimated financial obligations. Adjusted capitalization represents total equity plus adjusted debt. Non-GAAP Financial Measure Adjusted Debt to Capitalization Ratio ($ in millions) Long-term debt and finance leases Current maturities of long-term debt and finance leases Operating lease liabilities - aircraft Adjusted debt Long-term debt and finance leases Current maturities of long-term debt and finance leases Operating lease liabilities - aircraft Stockholders' equity Adjusted capitalization Adjusted debt to capitalization ratio LA September 30, 2023 (unaudited) 3,729 $ 272 154 4,155 3,729 272 154 3,420 7,575 55 % $ December 31, 2022 3,093 554 206 3,853 3,093 554 206 3,563 7,416 52 % 18

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