Frontier Investor Conference Presentation Deck slide image

Frontier Investor Conference Presentation Deck

Consumers and Shareholders Win With Significant Expected Benefits $1B Annual Consumer Savings FRONTIER spirit Inn$ ку RA Expected annual consumer savings (1) of $1 billion Expected annual run-rate operating synergies of $500 million once full integration is complete, primarily driven by scale efficiencies and procurement savings across the enterprise One-time costs to achieve of ~$400 million $500M Run-Rate Operating Synergies (1) Consumer benefits are derived from consumer price savings gained from new route entry enabled by the proposed transaction. There are two categories: 1. New route entry resulting from schedule efficiencies, improved fleet utilization and block time optimization, as well as freeing up a portion of the combined operational spares (11 aircraft that would result in 46 new markets). 2. "But for" new routes. The proposed transaction and improved brand strength of a more national ULCC would allow entry in Legacy dominated markets that, but for the combination, neither carrier would likely enter (32 new markets). These markets are hub-to-hub markets (though not necessarily same carrier hub-to-same carrier hub markets). LO 5
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