Pre-Tax Margin Outperformance

Outperformance Continues Through YTD 2023 15% Source: Public filing. 12% 12% 10% YTD 2023 Adj. EBIT Margin 10% 8% TM 4% 0% jetBlue 0% Seasonal business model - Q1 is historically the strongest (6%) S (8%) 8

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