WESTJET Strategy Overview

Swoop creates a new cost frontier TTM CASM (ex-fuel, PS) 1,2,3 ~11.3 cents AIR CANADA 1 Non-GAAP Measure 2 As reported in Q4 2016 and YTD Q3 2017 external financial statements, unadjusted 3 TTM = Trailing 12 months 4 CASM (ex-fuel, PS) at full fleet of 10 aircraft and adjusted to stage length of 1,250 miles 78 TSE: WJA Swoop CASM will be >30% below our already low CASM (ex-fuel, PS) ~9.8 cents >30% 6.0 cents4 WESTJET SWOOP

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