Frontier Mergers and Acquisitions Presentation Deck

Frontier + Spirit = A Winning Formula Consumers & Communities Team Members Shareholders Delivers $1 billion in annual consumer savings Expands access to more ultra-low fares for more people in more places • Creates a more effective ultra-low fare competitor, especially against the Big Four airlines • Provides nationwide access to sustainable, affordable travel ● ● Improves career opportunities and stability • Fuels addition of 10,000 direct jobs by 2026 Supports thousands of additional new jobs at business partners ● ● Combines two highly complementary businesses to create the lowest cost U.S. airline • Unlocks $500 million in annual run-rate operating synergies Enables significant upside opportunities for both sets of equity holders ● ● FRONTIER spirit spirit FRONTIER spirit 14

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