jetBlue Results Presentation Deck

Operating expense, loss before taxes, net loss and loss 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 for the first quarter of 2023 include costs related to the following: Our acquisition of Spirit Airlines and union contract costs. There were no special items in the first quarter of 2022. Mark-to-market and certain gains on our investments were also excluded from our first quarter 2023 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 BEFORE TAXES, NET LOSS AND LOSS 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 Add back: Special items Operating loss excluding special items Operating margin excluding special items Loss 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 Add back: Special items Less: Income tax benefit related to special items Less: Net gain on investments Less: Income tax expense related to net gain on investments Net loss excluding special items and net gain on investments Loss 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, 2023 2022 1,736 $ $ $ $ 2,328 2,570 112 2,458 (242) 112 (130) (5.6%) (266) 112 3 (157) (6.8%) (192) 112 29 3 (1) (111) (0.58) 0.25 0.01 (0.34) (0.58) 0.25 0.01 (0.34) $ $ $ $ $ $ $ $ $ 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) 14

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