Continued Strong EBITDAR Margins

Regional Airlines: Summary Regional airlines provide both local services and feed traffic Founded: Carriers: Jazz, Sky Regional, Air Georgian, EVAS Total Routes: 182 Diego whhone fon sty Prince Sandp Fot Mommy S S Calgary Vancouver V Medicine Hat Forging San Antoni Fleet: 171 Aircraft* Kas y Mo Odon Ch Townes Mont wro Toronto jacksonville AZTA barbing Montreal AIR CANADA Hubs: Toronto, Montreal, Vancouver and Calgary Advantages: Sky Regional, Air Georgian cost base Cander John's Cost structures of Sky Regional and Air Georgian are competitive We are working with Jazz to continue to lower its cost structure *Including all regional aircraft 37

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