jetBlue Results Presentation Deck

DISCIPLINED APPROACH TO BALANCE SHEET REPAIR ● jetBlue 34% Dec 31 2019 LEVERAGE Adjusted Debt to Cap (1) 59% Mar 31 2021 55% Jun 30 2021 Actively lowering debt towers by paying off scheduled debt payments and additional prepayments Well-positioned to achieve investment grade metrics by end of 2024 (1) Refer to reconciliations of non-GAAP financial measures in Appendix B LIQUIDITY / ADJ. NET DEBT Cash & Cash Equivalents 1,328 1,189 Dec 31 2019 Net Adjusted Debt (US$ million) 3,225 2,113 Mar 31 2021 3,726 I 943 Jun 30 2021 In 2Q21, received -$1.1B collectively from multiple sources Below pre-pandemic net debt levels, reduced net debt levels to $0.9B 17

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