Pre-Tax Margin Outperformance

...And Outperformance in COVID and Through the Recovery (10%) SNCY 2020 Adj. EBIT Margin SNCY (33%) (57%) (58%) ULCCS Big Four Mid Sized Carriers Source: Public filing. ULCCS 8% SNCY 2021 Adj. EBIT Margin (9%) (10%) ULCCS Mid Sized Carriers Mid Sized Carriers (13%) Big Four jetBlue 7% SNCY 2022 Adj. EBIT Margin 5% Big Four Big Four 3% Mid Sized Carriers 1% ULCCS Our business model results in stability through the cycle, outperforming the industry during the depths of COVID 7

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