TRANSFORMING INTO A GLOBAL CHAMPION

TRANSFORMATION PLAN Accelerated, balanced transformation of Air Canada towards sustained profitability Network Optimization Strategic international growth ■ Increase diversification of route portfolio Leverage Rouge model ■ Sixth freedom focus Leverage strategic Toronto geography Team culture Aircraft Growth and Reconfiguration Delivery of B787s Densification and optimization of fleet configurations Replacement of narrowbody fleet with B737 MAX Leverage best in class products and services Customer centricity Flexibility to Adjust to Shifting Market Conditions Swing capacity Leverage 10-year agreements • • Long-term labour stability with most major unions Regional lift with Chorus (Jazz) Delivering brand promise 8

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