Continued Strong EBITDAR Margins

Air Canada Mainline Narrow-body: Fleet and Network Fleet focus will switch from A320 family to 737-8MAX and CS300 Short Haul Fleet Snapshot (September 2017) New Network Destination Snapshot 2013 Current Toronto → Vail, CO On Order Airbus A319/A320/A321 Halifax Montréal → San Francisco → Fort Lauderdale 75 AIR CANADA 2014 Ottawa → Tampa Embraer E190 www Boeing 737MAX 25 (61) AIR CANADA Bombardier CS300 AIRLANABA (45) 2016 Toronto → Portland Vancouver → Chicago 2017 Vancouver Boston 2018 Toronto → Shannon Montréal → Dublin Boeing 737-8MAX and Bombardier CS300 will form the future fleet with lower CASM 32 2

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