Frontier Group (ULCC) Investor Presentation summary

Strategic product enhancements and customer benefits

• Launching first-class seating in the first two rows across all aircraft types by late 2025, enhancing competitive positioning and customer engagement.

• Elite Gold and above members receive free seat upgrades, while Elite Platinum and above get free companion travel; loyalty points can be redeemed for ancillary purchases.

• Expanded loyalty program benefits aim to offer greater value at lower costs compared to competitors, closing the product gap with major domestic carriers.

• UpFront Plus, introduced in March 2024, will be replaced by first-class seating, with the option to block middle seats on select rows to maintain customer preference.

Financial impact and growth projections

• New product enhancements and loyalty benefits are expected to generate over $500 million in annual incremental revenue by 2028, with $250 million targeted by 2026.

• Incremental revenue per available seat mile (RASM) and load factor improvements are projected, with first-class seating being margin accretive and not reducing overall seat count.

• Average seat count per aircraft will continue to rise due to the induction of high-gauge aircraft, even with the addition of first-class seating.

Risk factors and forward-looking statements

• Forward-looking statements are subject to risks including economic conditions, fuel price volatility, operational disruptions, labor issues, and regulatory changes.

• Actual results may differ materially due to these uncertainties, as detailed in recent SEC filings.