Frontier IPO Presentation Deck

Additional Financial Details: Labor Pilot Phantom Equity Pilots employed in June 2011 received phantom equity units equivalent to 4% of our common stock as of June 30, 2014 Fully vested at December 31, 2016 Right to receive 2% common stock and 2% of company value if initial public offering occurred before January 1st, 2020 . . The obligation became fixed on December 31, 2019, with the final associated liability agreed to totaling $137 million. Pursuant to the terms of the contract, $111 million of this total was paid to the Participating Pilots in 1Q 2020 and the remaining $26 million will be paid to the Participating Pilots in 1Q 2022. Source: Company filings FRONTIER FINANCIAL DETAILS 43

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