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. NON-GAAP FINANCIAL MEASURE ADJUSTED DEBT TO CAPITALIZATION RATIO (in millions) (unaudited) Long term debt and finance leases Current maturities of long-term debt and finance leases Operating lease liabilities Adjusted debt 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 December 31, 2022 $ 3,093 554 736 4,383 3,093 554 736 3,563 7,946 55% December 31, 2021 $ 3,651 355 796 $ 4,802 $ 3,651 355 796 3,849 $ 8,651 56% 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) (unaudited) 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 $ March 31, 2023 3,316 263 188 3,767 3,316 263 188 3,373 7,140 53% December 31, 2022 $ 3,093 554 206 3,853 3,093 554 206 3,563 7,416 52% 15

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