Spirit Mergers and Acquisitions Presentation Deck

>> An Important Reminder REMEMBER: A vote "no" for Frontier does NOT equal a vote "yes" for JetBlue • A vote "no" on the Frontier merger is NOT a vote for a JetBlue transaction - Spirit does not have an agreement with JetBlue • The current JetBlue tender offer may not be better than Spirit's "status quo" • Subjects Spirit to significant business risk for up to two years with very low transaction certainty Caps Spirit shareholders’ upside, preventing them from participating in the pandemic recovery and future growth • Substantially higher employee departure risk than the Frontier merger ● • Restrictive operational covenants in any sale agreement with JetBlue • A low RTF to compensate for all these issues for a transaction that is unlikely to be approved We believe the Frontier merger is far superior for Spirit shareholders than the status quo and urge all Spirit shareholders to VOTE YES Spirit's Board Recommendations 25

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