jetBlue Results Presentation Deck

Operating expense, operating income (loss), adjusted operating margin, pre-tax income (loss), adjusted pre-tax margin, net income (loss) and earnings (loss) per share, excluding special items and gain (loss) on equity investments Our GAAP results in the applicable periods were impacted by credits and charges that were deemed special items. For the three months ended June 30, 2023, special items included Spirit acquisition costs. For the six months ended June 30, 2023, special items included union contract costs and Spirit acquisition costs. Special items for 2022 included fleet transition costs, union contract costs and Spirit acquisition costs. Certain gains and losses on our equity investments were also excluded from our 2023 and 2022 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 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, OPERATING INCOME (LOSS), ADJUSTED OPERATING MARGIN, PRE-TAX INCOME (LOSS), ADJUSTED PRE-TAX MARGIN, NET INCOME (LOSS), EARNINGS (LOSS) PER SHARE, EXCLUDING SPECIAL ITEMS AND GAIN (LOSS) ON EQUITY INVESTMENTS (unaudited, in millions) Three Months Ended June 30, 2023 2022 2,445 2,610 Total operating revenues RECONCILIATION OF OPERATING EXPENSE Total operating expenses Less: Special items Total operating expenses excluding special items RECONCILIATION OF OPERATING INCOME (LOSS) Operating income (loss) Add back: Special items Operating income (loss) excluding special items RECONCILIATION OF ADJUSTED OPERATING MARGIN Operating margin Operating income (loss) excluding special items Total operating revenues Adjusted operating margin RECONCILIATION OF PRE-TAX INCOME (LOSS) Income (loss) before income taxes Add back: Special items Less: Net gain (loss) on investments Income (loss) before income taxes excluding special items and net gain (loss) on investments RECONCILIATION OF ADJUSTED PRE-TAX MARGIN Pre-tax margin Income (loss) before income taxes excluding special items and net gain (loss) on investments Total operating revenues Adjusted pre-tax margin RECONCILIATION OF NET INCOME (LOSS) Net income (loss) Add back: Special items Less: Income tax benefit related to special items Less: Net gain (loss) on investments Less: Income tax (expense) benefit related to net gain (loss) on investments Net income (loss) excluding special items and net gain (loss) on investments $ $ $ $ $ $ $ $ $ $ 2,375 24 2,351 235 24 259 9.0 % 259 2,610 9.9 % 216 24 4 236 8.3% 236 2,610 9.1% 138 24 7 4 (1) 152 $ $ $ 2,558 44 2,514 (113) 44 (69) (4.6) % (69) 2,445 (2.8) % (151) 44 (5) (102) (6.2) % (102) 2,445 (4.2)% (188) 44 12 (5) 2 (153) $ $ $ $ $ $ $ $ Six Months Ended June 30, 2023 2022 4,937 $ 4,181 4,944 136 4.808 (7) 136 129 (0.1) % 129 4,937 2.6 % (50) 136 7 79 (1.0) % 79 4,937 1.6% (54) 136 48 7 29 $ $ $ $ $ $ $ $ 4,661 44 4.617 (480) 44 (436) (11.5) % (436) 4,181 (10.4) % (549) 44 (4) (501) (13.1) % (501) 4,181 (12.0) % (443) 44 12 (4) (408) 15

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