Investor Presentaiton

Passenger volume recovery projection Looking ahead to projected air traffic into July 2022 Most major flows are expected to recover by 2023 or 2024 Projected recovery by region, index(2019=100) Intraregional flow 25 Canada: 73% EU: 80% Russia: 84% 8 जै 8 75 Asia Flow overall South America Europe Australasia North America UK: 68% France: 69% Germany: 70% 25 United States: 82% Turkey: 79% South Korea: 70% Italy: 73% Japan: 67% For intraregional flights, we expect close to full recovery as early as 2022. 0 China: 100% 2019 Mexico: 77% Saudi Arabia: 74% 2021 Interregional flow 2023 India: 57% Indonesia: 84% 125 100 Brazil: 66% Argentina: 71% South Africa: 69% Australia: 62% 75 50 50% 55% 60% 65% 70% 75% 80% 85% 90% 95% 100% 25 Flow overall Others Asia - Europe Europe North America Asia North America Baseline scenario projection of G20 countries' total airline passenger volume in July 2022, as percentage of July 2019 numbers. CHINA AIRLINES 2019 2021 2023 Overall air traffic demand will still be hampered by the low level of interregional flights, which is currently at 20 percent of pre-COVID-19 levels. Source Bain & Company, Inc.; PaxIS ; McKinsey analysis of global airline demand 22

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