The Path Forward

rouge is Tool Which Will Position Air Canada Profitably in the Leisure Market CANADA Toronto Montréal Edinburgh/Édimbourg UNITED Nou HOTAUMUN Venice/Venise TALY Athens/Athènes GREGE ROUGE MEANS GO. Introducing Air Canada's new leisure airline. rouge Varadero Santa Clara Kingston JAMAICA Cayo Coco Puerto Plata Samana Punta Cana Liberia San José CONTA AIR CANADA rouge go more • Air Canada rouge offers significantly lower seat cost than mainline • Air Canada rouge will pursue opportunities in markets made viable by its lower operating cost structure, and subject to market conditions, will expand to other destinations as Air Canada takes delivery of new Boeing 787 aircraft • Air Canada rouge may operate up to 20 Boeing 767-300ER and 30 Airbus A319 2013 INVESTOR DAY 23

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