jetBlue Results Presentation Deck

Operating expense, income (loss) before taxes, net income (loss) and earnings (loss) per share, excluding special items Our GAAP results in the applicable periods were impacted by charges that are deemed special items. In the second quarter of 2021, special items include contra- expenses recognized on the utilization of payroll support grants received under the Consolidated Appropriations Act, 2021, and contra-expenses recognized on the Employee Retention Credits provided by the CARES Act. Special items in the second quarter of 2019 include one-time transition costs related to the Embraer E190 fleet exit as well as one-time costs related to the implementation of our pilots' collective bargaining agreement. 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 below 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, INCOME (LOSS) BEFORE TAXES, NET INCOME (LOSS) AND EARNINGS (LOSS) PER SHARE EXCLUDING SPECIAL ITEMS (in millions, except per share amounts) (unaudited) Total operating revenues Total operating expenses Less: Special items Total operating expenses excluding special items Operating income (loss) Add back: Special items Operating income (loss) excluding special items Operating margin excluding special items Income (loss) before income taxes Add back: Special items Income (loss) before income taxes excluding special items Pre-tax margin excluding special items Net income (loss) Add back: Special items Less: Income tax (expense) benefit related to special items Net income (loss) excluding special items Earnings (Loss) Per Common Share: Basic Add back: Special items, net of tax Basic excluding special items Diluted Add back: Special items, net of tax Diluted excluding special items $ $ $ $ $ $ $ $ $ $ $ $ $ Three Months Ended June 30, 2021 1,499 $ 1,352 (366) 1,718 $ 147 (366) (219) -14.6% -20.6% $ 64 (366) (96) (206) 57 (366) (309) $ 0.20 (0.85) (0.65) $ $ $ $ $ $ $ $ 0.20 (0.85) (0.65) $ 2019 2,105 1,855 2 1,853 250 2 252 12.0% 236 2 238 11.3% 179 2 1 180 0.60 0.60 0.59 0.01 0.60 $ $ $ $ $ $ $ $ $ $ $ $ $ Six Months Ended June 30, 2021 2,232 $ 2,379 (655) 3,034 (147) (655) (802) -35.9% (290) (655) (945) -42.3% (183) (655) (173) (665) $ (0.58) (1.52) (2.10) $ $ $ $ $ $ (0.58) $ (1.52) (2.10) $ $ $ 2019 3,977 3,652 14 3,638 325 14 339 8.5% 294 14 308 7.7% 221 14 3 232 0.73 0.03 0.76 0.73 0.03 0.76 25

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