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West Coast Market Relevance and Revenue Initiatives

Underlying CASMx guidance is down for 2018, adjusting for the unique headwinds and tailwinds we face this year 3.5% initial guidance 2018 CASMx Guidance – Key Drivers 3.2% -2.9% Latest CASMX Guidance Labor Deals (Pilots + FAs) -0.5% MCPH Deal -1.2% -0.4% 1.0% Impact of Regional Mix 2017 Ops Issues Tailwind Underlying 2018 CASMx 2018 CASMx guidance has declined 30 bps versus initial guidance despite 40 bps lower ASM growth 32 32

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