Continued Strong EBITDAR Margins

Air Canada Rouge: Fleet and Network Fleet focus will stay on 767-300ER and A320 family aircraft Short Haul Fleet Snapshot (September 2017) New Network Destination Snapshot Current 2015 Toronto To be Introduced Boeing 767 Montréal Vancouver → Calgary → → Abbotsford, Sarasota Mexico City, Venice Osaka Halifax 24 + (1) rouge - 2016 Toronto →> Budapest, Glasgow, London (Gatwick), Airbus A319/A321 25 rouge Montréal →> Vancouver → Palm Springs, Port of Spain, Prague, Warsaw Casablanca, Puerto Vallarta, San Jose Dublin 2017 2013 Network Destination Snapshot Toronto → Edinburgh, Venice Toronto Montréal Vancouver → → → Belize City, Berlin, Cartagena, Reykjavik, St. Vincent Algiers, Lima, Marseille, Reykjavik London (Gatwick), Nagoya, Orlando 2014 Toronto → Lisbon, Manchester, Panama City Montréal → Barcelona, Nice A significant growth story associated with Air Canada earning its fair market share 34

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