TRANSFORMING INTO A GLOBAL CHAMPION

GLOBAL CHAMPION STRATEGY Safe & Reliable Operation Toronto Pearson Fleet & Network ■ Star Alliance ■ A++ Joint Venture ■ Modern fleet / Seat density ■ Extensive route rights ■ Favourable slot times at busy airports Swing capacity Brand Operational Excellence ■ Award winning products/ services Only airline among Canada's Top 50 brands ■ Iconic Canadian brand ■ Rouge Commercial Strategy ■ Toronto global hub a true ■ 6th freedom connection traffic Improving premium value proposition Competitive leisure offering Geography ■ AC hubs are en route to Europe & Asia ■ Logical connection for U.S. origins and destinations ■ Easy transfer/ transit process LOWER RISK PROFILE People & Experience $30,000+ dedicated employees - 4th Top 100 Employers in Canada consecutive year ■ One of Canada's Best Diversity Employers for 2016 ■Long-term labour stability with all major unions 5

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