Air Canada Rouge - First Five Years

Path to Global Champion Financial Stability Pension solvency surplus Record financial results • CTP / CASM • reduction / lower debt Labour Stability Long-term agreements with all major unions • Record liquidity level • Improved credit ratings Increased flexibility and cost certainty • Fleet • • Modern wide- body fleet Seat densification Swing capacity Narrow-body fleet replacement (737 MAX and Airbus A220- 300) Network & Hubs • Extensive & expanding global network Geographically well-positioned hubs & efficient in- transit facilities processes Air Canada Rouge Competitive cost structure in leisure markets • Provides flexibility to swing capacity between markets & seasons Customer Engagement . Improved • Regional Feed Diversification (Jazz, Sky Regional, Air Georgia, EVAS) • Improved competitive cost structure at Jazz customer experience Award-winning products & services Launch of new loyalty program Investments in technology Solid foundation allows Air Canada to leverage its unique competitive advantages 3

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