Pre-Tax Margin Outperformance

Experts in Executing a Seasonal Network (# of Departures) 1,500 1,250 1,000 750 500 250 0 MCO • CUN RSW PHX LAS ● MSP Departures Strong North / South demand in Winter, East / West in Summer March 2023 (1) Top 5 Destinations from MSP in... 44% of Departures 1. Source: Diio Mi. Subject to change Departures by Month at Three of Our Largest Cities ● ● ● LAX SFO SEA LAS ANC July 2023(1) 30% of Departures (# of Departures) 250 200 150 100 50 0 125 (# of Departures) 100 75 50 25 Jan-23 0 Feb-23 Jan-23 Feb-23 Mar-23 Mar-23 Strong summer demand to Mexico / Caribbean Apr-23 DFW Departures Apr-23 May-23 Jun-23 May-23 LAX Departures Strong inbound demand in Summer We only fly when and where demand exists Jul-23 Jun-23 Aug-23 Jul-23 Sep-23 Aug-23 Sep-23 Oct-23 Oct-23 Nov-23 Nov-23 Dec-23 Dec-23 11

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