Frontier Investor Conference Presentation Deck

Combined Airline Has Over 2,000 New Market Opportunities Frontier CASM & Market Yield 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 FRONTIER Frontier CASM by Stage Compared to Industry Yield for Each New Market Opportunity 500 spirit 1,000 1,500 Stage (Miles) 2,000 2,500 Frontier CASM Note: Frontier 2019 CASM; 2019 Market Avg Yield (source: DOT O&D); excludes domestic slot-controlled airports Market Avg Yield 3,000 3,500 13

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