jetBlue Results Presentation Deck

MITIGATING COST PRESSURES AND STRENGTHENING MARGINS Q3 2021 CASM ex-fuel mainly driven by short-term recovery headwinds and maintenance deferrals 11% -13% ● ● 5-6% Short-Term headwinds 6 - 7% Remaining headwinds 2021 Q3 } 2021 short-term headwinds expected to dissipate into 2022: Rents and landing fees pressure: ~3 - 4pts Ramp up labor related costs: ~2pts Remaining headwinds largely to be offset through ongoing Structural Cost Actions: Maintenance deferral: ~3 - 4pts Labor and external inflation: ~2pts Northeast Alliance investments: -1pts Structural cost actions to offset maintenance and inflationary headwinds Boosting productivity Lowering support center costs and driving IT efficiencies Optimizing business partner spend Managing volume of maintenance events jetBlue Note: Versus 2019. Current planning assumption as of July 27, 2021; does not constitute guidance Northeast Alliance expected to add ~2-4pts of CASM-ex pressure in 2022 2022 CASM-ex impacted by margin- accretive Northeast Alliance investments* Low single digits 2022 Delayed E190 retirements Accelerated growth in high-cost, high-value airports Investments in seamless customer experiences 15

View entire presentation