Investor Presentaiton

DRIVING OUR LOW COST MODEL H2 Cost Development > Expect headline CPS ex fuel to be broadly flat YoY - > Deleveraging underway – reducing financing costs Cost actions delivered > Descent profile optimisation software retrofit ■ Lower thrust & fuel burn during descent saving 50kg fuel per flight > Berlin hangar opened ■ 41% average cost saving per aircraft visit > Self service management enhancements ■ Over 70% of disrupted customers using self-service platform Future cost actions > Productivity & utilisation focus Capacity restoration through summer 23 Further winter capacity restoration in FY24 > Up-gauging the fleet Increased average seat count NEO mix benefit on fuel + airport incentives HY 2023 RESULTS Cost advantage on our primary network 19

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