Spirit Mergers and Acquisitions Presentation Deck
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Consumers and Shareholders Win With Significant
Expected Benefits
Expected annual consumer savings(¹) of $1 billion gained from
new route entry
Expected annual run-rate operating synergies of $500 million (²)
Primarily driven by scale efficiencies and procurement
savings across the enterprise
Not driven by price increases to consumers
●
Driven by schedule efficiencies, improved fleet utilization
and block time optimization
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$1B
Annual
Consumer Savings
$500MM
Run-Rate
Operating Synergies
1. There are two categories: 1. New route entry resulting from schedule efficiencies, improved fleet utilization and block time optimization, as well as freeing up a portion of the
combined operational spares (11 aircraft that would result in 46 new markets). 2. "But for" new routes. The proposed transaction and improved brand strength of a more national
ULCC would allow entry in Legacy dominated markets that, but for the combination, neither carrier would likely enter (32 new markets). These markets are hub-to-hub markets
(though not necessarily same carrier hub-to-same carrier hub markets).
2. One-time costs to achieve of ~$400 million.
Frontier + Spirit =
A Winning Formula
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