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 September 30, 2022 $ December 31, 2021 3,235 $ 524 789 4,548 $ 3,235 $ 524 789 3,507 8,055 $ 56% 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 December 31, 2022 $ $ December 31, 2021 3,093 $ 554 206 3,853 $ 3,093 $ 554 206 3,563 7,416 $ 52% 3,651 355 256 4,262 3,651 355 256 3,849 8,111 53% 15

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