Jetblue Airways Corp

Strategically reduced 2026-2029 capital expenditures by $3 billion since 2023.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Capital expenditures, including predelivery deposits, in the fourth quarter totaled $345 million.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Ended the quarter with $2.5 billion of liquidity, or 27% of trailing twelve-month revenue, excluding our $600 million revolving credit facility.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Capital expenditures, including predelivery deposits, for the full year 2025 totaled $1.1 billion.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

First Quarter and Full Year 2026 Outlook Estimated 1Q 2026 Estimated FY 2026 Available Seat Miles ( ASMs ) Year-Over-Year 0.5% - 3.5% 2.5% - 4.5% RASM Year-Over-Year 0.0% - 4.0% 2.0% - 5.0% CASM Ex-Fuel (2) Year-Over-Year 3.5% - 5.5% 1.0% - 3.0% Fuel Price per Gallon (4), (5) $2.27 - $2.42 $2.17 - $2.37 Adjusted Operating Margin (2) - Breakeven or better Interest Expense - $580 million Capital Expenditures (6) $200 million $900 million Note FY 2026 guidance assumes mid-single digit average aircraft on ground due to GTF engine issues.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

(6) Capital expenditures exclude one Airbus A321neo XLR, which JetBlue has entered into an agreement to sell.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

In the first full year of JetForward, we made measurable progress improving reliability, strengthening customer satisfaction, and advancing our strategic priorities, even amid a challenging operating environment.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

We have many exciting initiatives rolling out this year, including executing critical implementation milestones for our Blue Sky collaboration with United, opening our Boston lounge and rolling out domestic first class.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Performance across all four priority moves continues to drive results Reliable Caring Service Improved all key reliability metrics year-over-year for the second consecutive year, with on-time departures improving nearly two points.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Strategic capacity additions in Fort Lauderdale performed better than expected, as we regained our position as the airport s largest airline.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Modernizing fuel processes, unlocking cost savings through technology, process and operational initiatives.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

While macroeconomic uncertainty impeded our return to profitability in 2025, we have proof points JetForward is working and positioning us for improved financial performance in 2026.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

I want to thank our 23,000 crewmembers, your commitment to caring for our customers and each other, despite many unexpected challenges we faced throughout the year, is truly inspiring.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed, or assured.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Forward-looking statements contained in this Earnings Release include, without limitation, statements regarding our outlook and future results of operations and financial position, including our expected return to profitability, any expected headwinds, our use of artificial intelligence, our aircraft fleet, our product offerings and loyalty initiatives, and our business strategy and plans and objectives for future operations, such as our JetForward initiatives and its Blue Sky component.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026

Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements.

SEC original ↗Jetblue Airways Corp — Earnings release (8-K exhibit)EX-99Jan 27, 2026