Porter Today

First flight October 2006

3rd largest scheduled carrier in Canada

Highest on-time performance of the three major scheduled carriers in Canada

1,400 employees

$2 billion economic impact at Billy Bishop Toronto City Airport

Fleet of 26 Bombardier Q400 aircraft

19 destinations in Canada and the U.S.

2.5 million passengers in 2012

8.0 million passengers since first flight

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Superior Customer Experience

Premium Service Offering

Single class of premium in-flight service with the most legroom in premium economy

Complimentary meals, beer, wine

Business lounges for all passengers

Flexible fare structure and simplified loyalty program

Convenience

Porter’s main hub is Toronto City Airport located in downtown Toronto

Complimentary Toronto shuttle bus from airport to Union Station

Fast check-in and security

Frequent daily flights

Key business and popular leisure centres as destinations

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Route Map

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FrequencyRoute Daily Frequency from Toronto

Ottawa 17x

Montreal 17x

Newark/New York 13x

Boston 7x

Halifax 6x

Chicago 6x

Thunder Bay 5x

Sudbury 4x

Sault Ste. Marie 4x

Quebec City 3x

Timmins 3x

Windsor 3x

St. John’s 3x

Moncton daily

Burlington, VT Seasonal

Mont Tremblant Seasonal

Myrtle Beach Seasonal

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Billy Bishop Toronto City Airport

Downtown location plus simplified terminal experience saves passengers two hours or more on a round trip flight

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Porter’s Main Terminal

Porter built and owns a $55 million terminal completed in 2010 to support long term growth at BBTCA

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Business Lounges For All Passengers (Toronto, Ottawa, New York)

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Q400 Fleet With 70 seats and 34” Pitch

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Complimentary Downtown Toronto Shuttle

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Highest Customer Satisfaction

Ipsos (independent business traveler study)

83% extremely or very satisfied

Highest customer satisfaction rating from Ipsos business travel study

Skytrax

4-Star Airline rating from Skytrax

Highest airline rating in North America

Conde Nast Highest-rated Canadian airline by Conde Nast

Best small airline in world: runner-up

4th highest rated airline in the world

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Porter’s Growth

Sudbury Windsor Sault Ste Marie Timmins

$232 $222

$296 $316

$109 $99 $119 $109

Fare Impact

Pre-PorterPost Porter

Porter has increased access to air travel through convenient local service and easy connecting service to Porter’s other domestic and international destinations

Average ticket price decreases of greater than 50% Markets have grown with stimulation from competition and reduced fares Increased air traffic increases airport revenues, economic activity and tax revenue

Fare Change

-53% -55% -60% -66%

Sudbury Windsor Sault Ste Marie Timmins

79

65

84

65

109

91

140

100

Market Size Impact (000s)

Pre-PorterPost Porter

Market Size

+38% +40% +67% +54%

Porter has Changed the Air Travel Market

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19

85

19

86

19

87

19

88

19

89

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

E

0

300

600

900

1,200

1,500

1,800

2,100

2,400

Passengers (000s)

Air Canada serves airport from 1990 to 2006

Porter begins service in late 2006

TPA and Porter have invested over $200 million in infrastructure to support the revitalization of BBTCA since Porter’s launch in 2006

Canada’s 9th busiest airport and one of the fastest growing airports worldwide

Billy Bishop Toronto City Airport Growth

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The Future of Billy Bishop Toronto City Airport

Pedestrian tunnel under construction to be completed by early 2014

$82.5 million tunnel is fully private sector funded

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Pedestrian tunnel to be completed in 2014The Future of Billy Bishop Toronto City Airport

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The Future of Billy Bishop Toronto City Airport

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2007 2008 2009 2010 2011 2012

4

8

1820

26 26

Porter’s Aircraft Roll-Out

2007 2008 2009 2010 2011 2012 (est)

252

465

847

1,066

1,3091,394

Porter’s Employees (FTEs)

Porter’s success has enabled the company to increase its fleet size and also grow its employee base to become a major employer in downtown Toronto

Porter Escapes – Packaged Vacation offering (i.e. Air / hotel / activities)

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Porter’s Growth

2007 2008 2009 2010 2011 2012

200 307

655

1,090

1,299

1,475 Porter’s Capacity (millions of ASMs)

2007 2008 2009 2010 2011 2012

0.3

0.6

0.9

1.6

2.1

2.5

Porter’s Passengers (millions)

52% Annual Growth

2007 2008 2009 2010 2011 2012

43.8%

55.1%

47.8%

54.1%

61.7% 62.0%

Load Factor

Porter Statistics

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Thank you

Billy Bishop City AirportToronto, OntarioCanada M5V 1A1Tel: (416) 203.8100Fax (416) 203.8150www.flyporter.com