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3Q’26 Results Investor Presentation
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Key Financial Data 1 ASK: Available Seat Kilometers 2 RASK2: Total Passenger and Cargo Revenue / ASK (Adjusted ASK by available cargo ton kilometer) 3 Revenue Yield (R/Y): Total Passenger Revenue / RPK (Revenue Passenger Kilometers) 3Q'25 3Q'26 Change (USD mn) 9M'25 9M'26 Change 6,953 8,298 19.3% Total Revenues 17,820 21,420 20.2% 5,891 6,801 15.4% Passenger Revenue 14,758 17,188 16.5% 845 1,230 45.6% Cargo Revenue 2,409 3,484 44.6% 154 183 18.8% Technic Revenue 479 479 0.0% 1,059 929 -12.3% Profit From Main Operations 1,689 808 -52.2% 1,378 1,290 -6.4% Net Income 2,025 1,713 -15.4% 19.8% 15.5% -4.3 pt Net Income Margin 11.4% 8.0% -3.4 pt 2,055 2,104 2.4% EBITDAR 4,255 3,778 -11.2% 29.6% 25.4% -4.2 pt EBITDAR Margin 23.9% 17.6% -6.2 pt 74.4 76.8 3.2% ASK 1(Billion) 203.3 212.2 4.4% 8.25 9.42 14.2% RASK22 (incl. ACTK) 7.67 8.67 13.0% 9.25 10.16 9.9% Revenue Yield (R/Y)3 (Usc) 8.75 9.53 8.9% 27.2 28.5 4.7% Passengers Carried (Million) 69.4 73.0 5.2% 85.6% 87.1% 1.5 pt L/F (%) 82.9% 85.0% 2.0 pt 567 609 7.4% Carried Cargo Tons ('000) 1,588 1,757 10.6% Constrained market supply due to geopolitics led to 46% higher Cargo Revenue. 4.2 pp. decrease in EBITDAR Margin due to the sharp increase in jet fuel prices and inflationary pressures. Investment portfolio contributions continued to support the bottom line. Passenger Revenues rose by 15% benefitting from strong volume and unit revenue growth. Financial Highlights (3Q’26) 2
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Other (23%) Cargo (46%) Passenger (15%) Revenue Development 6,953∑ 8,298∑ 3Q’25 3Q’26 5,891 +453 +311 (mn USD) -219 +682 +118 Currency VolumePassenger RASK (Ex-Currency, Ex-L/F) Load Factor Cargo and Other Revenue (Ex-Currency) 6,801 Total Revenue (19%) Revenue Development (3Q’26 vs 3Q’25) 3 +845 +217 +267 +1,230 Other (15%) Cargo (45%) Passenger (16%) 17,820∑ 21,420∑ 9M’25 9M’26 14,758 +1,235 +407 (mn USD) -658 +1,442 +1,174 CurrencyVolume Passenger RASK (Ex-Currency, Ex-L/F) Load FactorCargo and Other Revenue (Ex-Currency) 17,188 Total Revenue (20%) Revenue Development (9M’26 vs 9M’25) +2,409 +653 +748 +3,484