Investor Presentaiton

Fleet simplification, network and capacity review Continued discipline with network and fleet to reduce costs and adapt to softer market conditions and coronavirus impact FLEET KEY CHANGES Tigerair transition to all Boeing 737-800NG aircraft by October 2020 Transition program will provide a single fleet type across the Group's full service and low-cost carrier operations, delivering cost savings and improved operating performance - Widebody fleet review – significant cost savings available from next generation aircraft NETWORK AND CAPACITY - KEY CHANGES Ongoing optimisation of domestic network, consolidation of existing route frequencies and withdrawal of Tigerair routes Group capacity reduction of 3% in 2H20 including short term tactical capacity reduction to respond to current environment; and up to 5% reduction in FY21 Tigerair Australia to exit five routes: Sydney - Adelaide / Cairns / Coffs Harbour; Melbourne - Coffs Harbour; Hobart - Gold Coast Withdrawal of Hong Kong by March 2020, in response to market conditions and coronavirus impact Launch Brisbane - Tokyo March 2020 australa Virgin australia E Virgin australia group VH Virgin Australia Group results H1 FY20 | 7

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