Continued Strong EBITDAR Margins

Air Canada Mainline Narrow-body: Summary Targets point to point traffic and connections to the global network Destinations: 24 (Mainline) Founded: 1937 For My Sankatoon Calgary Vancouver Vict San Francisco Denver Fleet: 100 Aircraft Montréal Onta Half Toronto gton You CA) Sesin Hubs: Toronto, Montreal and Vancouver AIR CANADA Advantages: Low CASM Aircraft, LOPA, Pilot Deal, Utilisation Primarily focused on Toronto, Montreal and Vancouver North American trunk routes Significant CASM reduction with 737-8MAX & CS-300 aircraft 33

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