Investor Presentaiton

-FINANCIAL STRONG BALANCE SHEET WITH ACCESS TO DEBT CAPITAL TOTAL DEBT MATURITY VALUES $1,527 $1,518 $1,319 $1,459 $1,640 LEVERAGE RATIO BANK AGREEMENT 3.6X 2.8X 2.0X 2.2X 2.7X OWNED AIRCRAFT INCLUDING IN- CONVERSION 104 108 121 133 137 $259 $759 $1,035 $839 $959 $1,268 $759 $620 $605 $360 2019 2020 2021 2022 2023PF Secured Unsecured ($ in millions) Funded fleet expansion of 33 owned aircraft with minimal increased debt Currently >$1.5 billion of available unencumbered aircraft collateral Low debt leverage ratio allowed for opportunistic share repurchase 75% of 2023PF total debt maturity is at a fixed interest rate Rated just below investment grade by Moody's (Bal) and S&P (BB+) Slide 157 ATSG

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