Air Canada Rouge - First Five Years

Growth Directed to International Markets • Over 90% of growth in last several years has been directed at U.S. and international markets • • • On a system basis, capacity increased 40% over last three years Broadening footprint with commercial alliances and leveraging A++ revenue sharing joint venture Increased international-to-international connecting traffic through major Canadian hubs (6th Freedom) • International and U.S. routes represented 68% of total passenger revenue in 2017 • Expect rate of capacity growth to steadily decline as focus shifts from wide-body growth to mainline narrow-body fleet replacement programs 7

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