Frontier Investor Conference Presentation Deck

Operating Synergies Are Well Within Reach Full realization by 2026 assuming DOT clearance by end of 2022 + KI spirit Distribution Closing the share gap to ULC peers results in a 2-to-4-point load factor improvement Schedule Efficiencies 11 aircraft freed up from over-sparing and increased schedule efficiencies (net of variable costs) Cost Synergies Procurement savings and overhead efficiencies; nothing assumed for fleet and dis-synergies New Connecting Opportunities When schedules are combined, new connections are organically created FRONTIER $500M Run-Rate Operating Synergies $220M $145M $100M $35M 6

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