Company Overview and Financial Preparedness

Sustained high net margins prior to COVID-19 15% 10% 2019 net margin 5% 10.3% 10.1% 7.0% 3.7% 0% ______ Legacy 8.8% 7.9% 7.0% 17 Source: Based on company research calculated as net income divided by operating revenues, as reported in each respective airline's 2019 Form 10-K. LCC 12.6% 8.8% jetBlue __ __ ULCC S Southwest'

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