The Path Forward

Air Canada Leading Share in All Markets Domestic accounts for 39% of passenger revenue Transborder accounts for 20% of passenger revenue International accounts for 41% of passenger revenue Other Airlines LCC WJA 4% DAL 19% 6% WJA 35% 10% AMR 10% Other Airlines Air Canada 55% 9% Air Canada 35% 2013 INVESTOR DAY • Other Airlines UAL 25% Air Canada 17% 37% SWG 4% WJA 4% LH 3% KLM 7% BA 4% TRZ CATH 10% 6% Source: OAG data, based on full year 2012 available seat miles (ASMs) AC Revenue Split based on 2012 full year revenues 5

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