WESTJET Strategy Overview

Global ULCC's have set a ~40% benchmark of cost advantage vs. LCCS in their operating region SWOOP jetBlue ULCC Relative Cost Advantage vs. LCC Stage length adjusted CASM ex-fuel 1, 2 jetBlue AEROMEXICO jetBlue 57% 53% 51% 39% 38% 39% 26% spirit FRONTIER LOW FARES DONE RIGHT allegiant 1 All CASM excluding fuel figures are LTM September 2017 from publicly disclosed (as of November 15, 2017) financial information except Frontier which is full year 2016 2 All CASM excluding fuel figures have been stage length adjusted based on (carrier stage length / 1,250)^0.5 57 TSE: WJA volaris +

View entire presentation