Frontier Investor Conference Presentation Deck

Frontier + Spirit = A Winning Formula Consumers & Communities Team Members Shareholders Delivers $1 billion in annual consumer savings Expands access to more ultra-low fares for more people in more places • Creates a more effective ultra-low fare competitor, especially against the Big Four airlines • Provides nationwide access to sustainable, affordable travel ● ● ● ● ● ● Improves career opportunities and stability Fuels addition of 10,000 direct jobs by 2026 Supports thousands of additional new jobs at business partners Combines two highly complementary businesses to create the lowest cost U.S. airline Unlocks $500 million in annual run-rate operating synergies Enables significant upside opportunities for both sets of equity holders spirit FRONTIER spirit FRONTIER spirit 16

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