Diversification Minimizes Competitive Risk

Top 5 revenue city-pairs

Top 10 revenue city-pairs

Top 20 revenue city-pairs

Total city-pairs priced

20.8%

35.3%

54.4%

500 +/-

6.0%

9.9%

16.6%

1,580 +/-

45.3%

67.1%

87.0%

140 +/-

JBLU

AAI

LUV

% of Revenue

Contributed

FRNT

12.6%

21.2%

33.6%

780 +/-

Lower

Exposure

Higher

Exposure

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