Frontier IPO Presentation Deck

Post-COVID Fare Advantage has Potential to Expand Average Fare per Domestic Journey $54 F 2019 $202 Note: Legacy airlines include American, Delta, United Source: Respective companies' public filings; U.S. DOT FRONTIER $294 50% of passengers $110 50% of passengers Legacy airlines 10pt reduction in high-fare travel mix... ...requires $30 increase in lower fares $202 $294 40% of passengers $140 60% of passengers Legacy airlines, 10% mix shift Frontier's long-standing focus on leisure travel requires no change in fare levels to achieve profitability assuming leisure travel fully returns post-COVID, but our fares will be even more attractive if legacy leisure fares climb 7

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