Bank of America Transportation, Airlines and Industrials Conference

Capacity in New Routes Moderating 6 Share of ASMS in markets less than 12-months old 20% 18% 16% 14% 12% 10% Q1 2022 Note: based on internal data Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023E Q3 2023E Q4 2023E FRONTIER

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