jetBlue Results Presentation Deck

Operating expense per available seat mile, excluding fuel and related taxes, other non-airline operating expenses, and special items ("CASM Ex-Fuel") Operating expenses per available seat mile, or CASM, is a common metric used in the airline industry. We exclude aircraft fuel and related taxes, operating expenses related to other non- airline businesses, such as JetBlue Technology Ventures and JetBlue Travel Products, and special items from operating expenses to determine CASM ex-fuel, which is a non-GAAP financial measure. In 2021, special items include contra-expenses recognized on the utilization of federal grants received under various payroll support programs, contra-expenses recognized on the Employee Retention Credits (ERCS) provided by the CARES Act, and one-time costs related to the ratification of the collective bargaining agreement with our inflight crew members. Special items for 2019 include one-time costs related to our Embraer E190 fleet transition and the implementation of our pilots' collective bargaining agreement. With respect to JetBlue's CASM ex-fuel guidance, JetBlue is unable to provide a reconciliation of the non-GAAP financial measure to GAAP because the excluded items have not yet occurred and cannot be reasonably predicted. The reconciling information that is unavailable would include a forward-looking range of financial performance measures beyond our control, such as fuel costs, which are subject to many economic and political factors. Accordingly, a reconciliation to CASM is not available without unreasonable effort. jetBlue Total operating expenses Less: Aircraft fuel and related taxes Other non-airline expenses Special items Operating expenses, excluding fuel $ $ $ NON-GAAP FINANCIAL MEASURE RECONCILIATION OF OPERATING EXPENSE PER ASM, EXCLUDING FUEL ($ in millions, per ASM data in cents) (unaudited) 1,953 463 12 8 1,470 2021 $ Three Months Ended December 31, per ASM 12.84 3.04 0.08 0.06 9.66 $ $ 1,804 455 12 1 1,336 2019 $ $ per ASM 11.22 2.83 0.08 8.31 $ $ $ 6,117 1,436 43 (833) 5,471 2021 $ Twelve Months Ended December 31, per ASM 11.30 2.65 0.08 (1.54) 10.11 $ $ $ 7,294 1,847 46 14 5,387 2019 $ per ASM 11.43 2.89 0.08 0.02 8.44 20

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