The Path Forward

LOWER COST STRUCTURE Boeing 787s and 777s • Boeing 787 CASM reduction expected due to improved fuel efficiency, lower maintenance costs and increased number of seats Boeing 777 CASM reduction expected due to increased number of seats Fuel and Maintenance CASM reduction* New Boeing 777s CASM reduction* -29% Boeing 763 Boeing 787 2013 INVESTOR DAY -21% Boeing 773 (349 seats) Boeing 77P (458 seats) * Estimates 5

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