Frontier IPO Presentation Deck

Lowest Fares & Highest Ancillary Low fares to stimulate leisure demand Average Fare, 2019 ($) % higher VS. Frontier 53 % of total revenue 52.86 55 2017 47% 4% Ancillary revenue leader Frontier Non-fare Passenger and Other Revenues, per passenger ($) 62 53.93 2018 50% Spirit Allegiant Southwest Delta American JetBlue 17% 57.11 122 2019 52% 160 130% 160 202% 168 202% 217% 174 Hawaiian 228% 178 II Alaska 183 236% United 245% Discount Den Travel Club: Join for exclusive access to our lowest fares Frontier World Mastercard: Earn up to 5x Miles/$1 Spent Works & Perks Bundles: Save when you purchase seat assignments, baggage, flexibility, and priority boarding together Stretch Premium Seating: Enjoy extra legroom & recline Low breakeven² $94 cost per passenger $57 non-fare pax. & other revenue per passenger $37 breakeven fare per passenger 1: For the Year Ended December 31, 2019; 2: At 2019 Load factor (86.1%), Average seats per departure (192), Adjusted CASM + not interest (7.65), and Average stage length (1,051 mi); Note: Average fare metric reflects, by carrier, Frontier: Fare revenue per passenger, Spirit: Fare revenue per passenger flight segment, Allegiant: Average fare - scheduled service, all other airlines: U.S. DOT Form 41 Domestic Transport Revenue/Revenue Passengers Enplaned; Source: Respective companies' public filings; U.S. DOT FRONTIER 10 Fn1

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