Company Update March 2021 Disclaimer

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This presentation was prepared by Controladora Vuela Compañía de Aviación, S.A.B. de C.V., (d/b/a Volaris, the "Company") with the purpose of providing interested parties certain financial and other information of the Company. This presentation is confidential and may not be retransmitted or distributed to any other persons for any purpose whatsoever. This presentation is for discussion purposes and highlights basic information about the Company and this offering. Because it is a summary, it does not contain all the information that you should consider before investing. The information contained herein is subject to change without notice, its accuracy is not guaranteed, it has not been independently verified and it may not contain all material information concerning the Company. Neither the Company, nor any of their respective directors makes any representation or warranty (express or implied) regarding, or assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. None of the Company nor any of their respective directors, officers, employees, stockholders or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. No reliance may be placed for any purposes whatsoever on the information set forth in this presentation or on its completeness. This presentation should be read in conjunction with the base prospectus included in the registration statement, and the related prospectus supplement (including any information incorporated by reference therein), filed by Volaris with the Securities and Exchange Commission (the "SEC") in connection with the offering to which this presentation relates. You may get these documents by visiting EDGAR on the SEC website (www.sec.gov).

This presentation does not constitute or form part of any offer or invitation for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Recipients of this presentation are not to construe the contents of this presentation as legal, tax or investment advice and should consult their own advisers in this regard.

This presentation contains statements that constitute forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform of 1995 which involve risks and uncertainties. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee or assurance of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In addition, in this presentation, the words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “predict,” “potential” and similar expressions, as they relate to our company, our business and our management, are intended to identify forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this presentation may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date of this presentation. You should not put undue reliance on any forward- looking statements. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. The risks and uncertainties regarding these forward-looking statements include, but are not limited to, those set forth under the heading “Risk Factors” in the Company’s Report on Form 20 for the year ended December 31, 2019 and in the Company’s other filings with the SEC, which are available at www.sec.gov.

Neither the SEC, the Mexican National Banking and Securities and Commission nor any other authority has approved or disapproved the information contained in this presentation, its accuracy or completeness. 2 Volaris is set and financially capitalized to grow and capture opportunities

Among the lowest cost airlines in the world

Our ancillary revenue focus and point-to-point network support market leadership and stimulation

Demographics and bus to air substitution strategy fuels long term growth

Fast recovery in terms of ASMs during COVID-19 as Volaris fills the void created by current market opportunities and VFR resilience

Flexible fleet and labor contracts provide a unique toolset to capitalize on current and secular growth opportunities

Solid liquidity and best positioned to deliver return on invested capital (ROIC) 3 Company Overview The highest-growth ultra-low-cost carrier of Latin America

Volaris is the largest Mexican carrier (1) Volaris ultra-low-cost model

Volaris has transported 135+ million passengers • Ultra-low-cost airline serving Mexico, the U.S. and Central since inception and almost 10M since COVID-19 started America • Young fleet (5.3 yrs. on average) with 86 aircraft (35% NEOs) (1)

NEW YORK • 14.7 M passengers in 2020

WASHINGTON, D.C. • 337 daily flights (1)

• 177 routes: 107 domestic and 70 international (1) • 68 airports offered: 43 domestic and 25 international (1) – with opportunity to increase market share in Mexico City Airport • Highly productive airline with high asset utilization • 58 full time employees per aircraft with variable, performance - based compensation structure and only one union • 12.9 and 11.3 block hours per day in 2019 and 4Q20 GUATEMALA • Operated 102% of capacity during December 2020 vs SAN SALVADOR

SAN JOSE previous year • Member of the Dow Jones Sustainability MILA Pacific Note: (1) As of February 2021 Alliance Index since November 2020 5 Volaris reached 40.5% domestic market share and 13.8% international market share in January 2021 Market share (On board passengers, M)

Domestic International

49.5 53.5 28.2 4.4 2.7 4.4 2.7 46.9 47.9 19.8 4.6 1.9 4.6 1.9 100% 5.0 4.4 3.1 3.8 2.4 3.8 2.4 100% 0.6 1.00.0 2.00.1 1.3 3.0 1.3 3.0 6.7 7.9 11.2 8.1 8.1 13.8 13.8 18.4 20.7 20.7 7.9 20.2 24.4 26.0 26.0 9.9 5.5 9.5 9.5 10.2 11.2 11.2 75 75 9.3 10.1 8.6 8.6 8.8 11.7 20.5 19.7 19.7 19.7 11.6 10.9 10.9 16.0 18.4 18.4 Viva Volaris 31.2 31.2 17.2 13.2 13.2 15.8 Interjet 50 25.3 Others 50 11.3 12.5 12.5 United 23.3 23.3 Viva 27.7 24.3 American Interjet Aeromexico Aeroméxico Other Volaris Foreign 25 25 45.7 44.5 43.9 48.4 48.4 38.4 40.5 40.5 40.9 40.9 28.4 31.3 32.5 32.5

0 0 2018 2019 2020 Jan'20 Jan'21 Jan'20 Jan'21 2018 2019 2020 Jan'20 Jan'21 Jan'20 Jan'21 YTD YTD YTD YTD 6 Source: AFAC-SCT Strong, disruptive ultra-low-cost business model continues to see success, making air travel accessible to all

ASMs 3Q 2020= 75% of 2019 capacity CASM ex-fuel 4Q 2020= Capacity 95% of 2019 capacity (USD cents) increase FY 2019= $3.98 Cost 4Q 2020= $4.13 reduction

Resilient ULCC Ancillaries More Business Model (% of total revenues) ancillaries FY 2019= 33% Unrestricted cash and cash 4Q 2020= 48% equivalents (USD) FY 2019= $423M Average base fare 4Q 2020= $506M Low (USD) base FY 2019= $57 fares 4Q 2020= $45 Passengers More FY 2019= 21.9M customers 4Q 2020= 4.8M

7 As one of the lowest unit-cost operators worldwide we are uniquely positioned to continue a profitable growth strategy

Cost reduction

“True” low-cost business model that enables an extraordinary competitive advantage against peers

CY2019 CASM | USD cents (1)

CASM ex-fuel CASM 13.7

3.5 10.7 10.2

8.5 2.7 3.2

6.5 6.5 6.1 6.2 3.0

2.1 2.2 2.5 2.5 10.2 7.5 7.5 5.5 4.0 4.0 4.0 4.0

Wizz Air Air Asia Volaris Ryan Air Indigo US Latin US LCCs American Legacy Carriers Carriers

Source: Company Filings Note: Non-USD data converted to USD using an average exchange rate for the period for convenience purposes only (1) Presenting average CASM and CASM ex-fuel. "US LCCs": Southwest, Allegiant, Jet Blue, Spirit; "Latin American Carriers": Avianca, Azul, Copa, Aeromexico, LATAM and Gol; 8 "US Legacy Carriers": Delta, American Airlines, Alaska Airlines and United Airlines Significant opportunity for passenger growth transitioning from bus-to-air through low fares

Low base fares

Cheaper and faster travel options to provide further growth Lower prices have stimulated demand historically opportunity Volaris’ booked passengers (M) Average base fare (MXN) Average Fares (MXN) Travel Time (Hours) 30 1,500 (1) Time BUS BUS Savings

1,461 Culiacan - 1.9x Tijuana 763 2.2 15.5 13.3

20 1,300 1.8x 2,243 Mexico - 1,235 3.8 29.7 25.9 Tijuana

2.4x 2,503 Bajio - 10 1,100 1,026 3.2 25.8 22.6 Tijuana

1.9x 1,330 Cancun - 717 2.6 25.9 23.3 Mexico 0 900 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 ~40% of routes compete only with buses (2) Note: Volaris has lower base fares than buses in bus segments above 6 hours long (1) Fares by segment observed in December 2019 9 (2) As of 3Q2020 Strong demographics provide long term expansion opportunity

More customers

• Mexico has an underpenetrated market with significant bus-to-air growth potential • ~40% of Volaris routes without air competition (1) • 68 routes in which Volaris pioneered air service (1) • 6% first time flyers on Volaris (1.2M in 2019) • Air travel market represents only 3.4% of the bus market in Mexico • Remittances ended 2020 with a record twelve month balance after a double-digit year over year climb in December

Growing Young Bus-to-Air Growth Underpenetrated Market Emerging Middle Class Population Potential Trips per Capita (2) | 2018 Mexican demographic composition by age | 2018Mexican middle class as a % of population Passengers carried during 2019 | M

2.0 +17pp 2.0 Male Female 3,074 7% 8% 14% 17% 17% 30% 0.9 35% 0.5 0.6 0.4 0.5 0.5 25%

26% 20% 103

Argentina Brazil Mexico Panama Colombia Chile Canada United States 2010 2025E Bus Passengers Air Passengers 0-19 yrs 20-64 yrs 65+ yrs Income Low Low-Mid Medium Levels: Source: CONAPO, SCT, bus market information 2019 and Airbus Global Market Forecast 2019 - 2038 Mid-High High Note: (1) As of 3Q2020 10 (2) Passengers originating from respective country Non-ticket revenue accounted for 48% of total operating revenues in 4Q20, and still with substantial room to grow

Ancillaries

Strong growth driver: Non-ticket revenue substitutes base fare, customers are less price sensitive to ancillaries

Significant growth of ancillary revenue in the last decade… Five avenues of growth Volaris Non-Ticket Revenue per Passenger | MXN 1 Improve top revenue generators 798 Launched new plus fare 514 532 429 479 338 381 279 2 379 426 338 Implemented new ideas Multicurrency, widgets, simplicity

2011 2012 2013 2014 2015 2016 2017 2018 2Q19 2019 4Q 20 3 ... With significant room to improve Execute full dynamic pricing Find the optimal price Ancillary Revenue per Passenger (For the Three Months Ended December 30, 2020) | USD

As % of Total 59% 55% 55% 48% 34% 4 Revenue Achieve full potential personalization Based on customer profile not products

5 Renew subscription programs (1) (1) Engage and retain frequent customers

Source: Company Filings Note: (1) Converted using an exchange rate of US$ = EUR 0.85 for convenience purposes only, public information as of 3Q 2020 11 The Volaris sustainable way

Economic and Corporate Governance Focus • Placed among the lowest unit-cost operators worldwide • Transported +9.4M customers with the new biosecurity and cleaning protocol • Reached 40% domestic and 13% international market share in Dec 2020 • Agreed with Airbus a conservative contractual fleet plan

People Care Focus • Launched a new biosecurity and cleaning protocol • Awarded Mexico City’s Secretary of Tourism safe travel seal • Amongst the top 10 safest ultra low-cost carriers according to the Airline Ratings ranking (www.airlineratings.com) • Transported health workers and +48 tons of cargo of humanitarian aid and medical supplies as a contribution to the crisis caused by COVID-19

Planet Care Focus • Volaris is the most ecological airline in Mexico • Operates a young and eco-efficient fleet (NEO fleet goal for 2023 @ 60%) • Reduced 6% fuel consumption GAL/ASM 2020 vs 2019 • Reduced 9.7% emissions in g CO2/RPK 2020 vs 2019 • Reduced 11.3M gallons of fuel 2020 vs 2019 • Purchased 33K certified carbon credits through the Carbon Offset Program #Cielito Limpio, as of 4Q20 12 Global Peers Benchmark Volaris is ready for the next stage of growth as it has restored capacity at an unprecedented pace in response to sustained demand

While other airlines are still looking to rebound, Volaris is looking for ‘what’s next’

Volaris’ ASMs | M | Scheduled & Charter 4Q20 vs 4Q19(1) Available Seat Miles (CY) | %

Load 73.1% 73.1% 72.6% 74.4% 82.1% 80.5% 78.5% Load 80.2% 65.6% 59.2% 70.0% 51.8% 67.8% Factor Factor 4Q2020 4Q20 at 95% 102% capacity vs 2019 capacity vs 4Q19 2,250 95% 1,998

1,690 1,731 1,686 71.6% 1,387 62.2% 60.0% 51.1%

825

20.5%

jun-20 jul-20 ago-20 sep-20 oct-20 nov-20 dic-20 Volaris Wizz(1) US LCCs Ryan Air US Legacy Latin (1) Carriers American Carriers Source: Company filings Notes: (1) Public information for Wizz, Ryan Air and Latin American carriers as of 3Q20 vs 3Q19 14 "US LCCs": Southwest, Jet Blue and Spirit; "Latin American Carriers": Avianca, Azul, Copa, Aeromexico and Gol; "US Legacy Carriers": Delta, American Airlines, Alaska Airlines and United Airlines From a revenue perspective Volaris TRASM has proved its resilience

TRASM evolution stage length adjusted (USD $cents)

Volaris’ TRASM FY 2019 vs FY 2020 LTM (USD cents) Peers’ TRASM FY 2019 vs FY 2020 (USD cents)

Var -17% Var -15% -20% -15% -4% yoy yoy

18.52

12.30 12.07 11.60 11.03

7.80 8.10 6.61

FY FY 2019 2020

Wizz(1) US LCCs US legacy carriers Latin American carriers(1)

Source: Company filings Notes: - (1) Public information for Wizz, Ryan Air and Latin American carriers as of 3Q20 vs 3Q19 "US LCCs": Southwest, Jet Blue and Spirit; "Latin American Carriers": Avianca, Azul, Copa, Aeromexico and Gol; "US Legacy Carriers": Delta, American Airlines, Alaska Airlines and United Airlines 15 Our lowest cost structure is the backbone of our sound business model

CASM ex-fuel evolution stage length adjusted (USD $cents)

Volaris’ CASM ex-fuel (USD cents) FY 2020 vs FY 2019 CASM ex-fuel (USD cents)

Var +20% Var +17% +31% +20% +43% yoy yoy

15.67

13.02 11.33 10.55 Volaris’ FY 2020 TRASM 8.02 7.95 $6.2

4.98 4.26

FY FY 2019 2020

Wizz(1) US LCCs US legacy carriers Latin American carriers(1)

- Source: Company filings Notes: (1) Public information for Wizz, Ryan Air and Latin American carriers as of 3Q20 vs 3Q19 "US LCCs": Southwest, Jet Blue and Spirit; "Latin American Carriers": Avianca, Azul, Copa, Aeromexico and Gol; "US Legacy Carriers": Delta, American Airlines, Alaska Airlines and United Airlines 16 Volaris with one of the best performing stock with further upside potential

Volaris stock has outperformed its peers… Yet still remains undervalued relative to the group

Last 2Y | Indexed =100 as of December 31, 2018 Adj. Aggregate Value / FY2022E EBITDAR COVID-19 Primary public offering Avg. Multiple outbreak announcement 15 14.4x 250 Global LCC Comps 10.2x +133% US LCCs 7.0x

LatAm Airlines 7.4x 12 200 11.2x 10.3x

150 9 8.3x 7.9x 7.8x 6.9x 6.7x 6.3x 6.5x 6.0x 100 6 5.2x

50 3

0 Dec-18 Apr-19 Aug-19 Dec-19 Apr-20 Aug-20 Dec-20 0 Volaris Global LCC US LCC LatAm Airlines S&P MSCI MX Volaris Ryanair IndiGo Allegiant Southwest Copa Gol Source: Capital IQ, Thomson, Company Filings Wizz Air Asia jetBlue Spirit Azul Notes: Market data as of December 31, 2020 “Global LCC” includes Wizz, Air Asia, IndiGo, RyanAir “US LCC” includes Spirit, Alliagant, JetBlue, Southwest 17 “LatAm Airlines” includes GOL, Copa, LATAM, Aeromexico, Azul, Avianca Business Update

“Volaris’ top priority is to return to earnings per share. We will continue with a thorough cash preservation, managing capacity, cost preservation and increasing total revenues per ASM. As we are already on our profitability runway, we will capitalize on our lowest-CASM position amongst our competitors by exploring opportunities upon our strong business model.”

Enrique Beltranena, CEO & President of Volaris Key initiatives are allowing Volaris to compete from a position of strength

Diligently managed our liquidity position and strengthened balance sheet through an offensive primary follow-on offering of USD $164M

Expedited cost cutting initiatives

Delivered a conservative plan to face the impacts of the COVID-19 with growth flexibility

First to recover capacity

Implemented safety and health measures

19 Executed on multiple actions to bolster liquidity, reduce costs and capture market opportunities

• In December 2020, Volaris concluded an upsized offering of ADSs, raising ~USD $164.4M in Liquidity and net proceeds cash • Strict liquidity preservation program resulting in ~USD $266M of benefits for 2020FY preservation • Aircraft deferrals postponing USD $200M in PDPs • Comprehensive negotiations with key suppliers

• Cost/payment deferral contingency plan including cutting non-essential expenses and negotiating cost reductions with more than 360 suppliers Costs reduction • Maintained labor base at reduced compensation levels • Capital expenditures reduced to a minimum

 Closely monitoring capacity reductions from competitors for possible opportunities  Testing new ancillaries (“flexibility combo”) Play offense  Targeted promotions to test stimulation potential  Launched five new domestic routes and seven new international routes in 2020

20 Our NEO aircraft transition plan will keep us driving fuel efficiency towards a lower CASM and support our green initiative commitment

New contractual fleet plan with Airbus provides flexibility for opportunistic growth, through straight operating leases

% of NEOs in Fleet

69 71 77 82 86 87 93 85

2019 Expenses Breakdown 60%

52% 38% Fuel Expense Other 39% 62% 35%

28%

21%

2016 2017 2018 2019 2020 2021 2022 2023

Total # of Aircraft

Total # of Aircraft including Volaris Current Contractual Order Book 21 Actions to address impacts from COVID-19 pandemic

Capacity Network

Oct Nov Dec Jan • Flexible and strategic operational plan to reduce 2020 2020 2020 2021 capacity Routes 156 178 178 177 • Cancelled and consolidated flights to defend Stations 66 69 68 68 profitability Domestic 44 44 43 43 • Capacity* increases dependent on demand and sales International 22 25 25 25 triggers Segments 9,153 10,672 11,827 11,474 ‒ 2Q 2020: operated 23% of capacity vs. 2019 ‒ 3Q 2020: operated 75% of capacity vs. 2019 Domestic 7,583 8,597 9,084 8,976 ‒ 4Q 2020: operated 95% of capacity vs. 2019 International 1,570 2,075 2,743 2,498 ‒ 1Q 2021: planning to operate ~80% vs. 2020 Average daily segments 295 356 382 370 • New routes 4Q2020: ASMs 1,731 1,998 2,250 2,149 ‒ Mexico City to Campeche, Campeche (in millions, scheduled & charter) ‒ Mexico City to Dallas, Texas Domestic 1,305 1,448 1,554 1,519 ‒ Mexico City to Houston, Texas International 426 550 697 630 ‒ Mexico City to Fresno, California ‒ Mexico City to Ontario, California Total Load Factor 82.1% 80.5% 78.5% 73.9% ‒ Mexico City to San Jose, California (in %, scheduled, RPMs/ASMs) ‒ Mexico City to Sacramento, California ‒ Cancun to Oaxaca, Oaxaca ‒ Morelia to Chicago, Illinois (OHD) 22 * Measured in terms of Available Seat Miles (ASMs) 26% of Mexico’s fleet is coming offline, creating a massive opportunity for Volaris to take share

Capacity impact from competitor fleet reduction (1) Change in market share (2)

Aircraft Percentage Points | From Jan-20 to Jan-21 Domestic International Reduction of 26% of narrow- 400 body fleet in the market; 355 equivalent to 70 Volaris A320

319

300

242 (56) 235 (21) (7) (6) 4 2 200

100

0 Total Fleet Total Interjet AeroMexico Total Fleet Interjet AeroMexico AeroMexico - Others Total Fleet Mexican Narrow- Mexican MAX active (Dec-20) Carriers body Carriers (Dec-19) (Jun-20)

Note: (1) Fleet reduction doesn’t consider 737 MAX since were inactive in Dec’19; Total fleet includes TAR, Aeromar 23 (2) AFAC-SCT information; Share change of listed airlines Volaris estimates to recover to pre COVID-19 capacity levels ~3 years faster than the Mexican market

Volaris and market recovery estimates vs. 2019 - passengers

150% Volaris recovery vs. market

• 100% of our network is deployed on VFR, leisure, and price sensitive small and medium-sized enterprises, which are the fastest recovering segments 100% Volaris 2019 • 100% of Volaris capacity falls under domestic and short haul international, which are the fastest recovering geographies

• Create new demand through bus 50% switching

• One third of total fleet is expected to leave the Mexican market

• Volaris’ value proposition based on a point- to-point network 0% Jan'20 Jan'21 Jan'22 Jan'23 Jan'24 Jan'25 • Capitalize on lowest cost structure Mexican Market Volaris

24 Source: AFAC; IATA Volaris is already positioned to take off and to look for long-term growth opportunities

Key focus areas moving forward

Leverage VFR customer profile and retrenching of Look for market opportunities to increase route competitors to speed up recovery network and optimize fleet financing

Capitalize on growth opportunities to capture market Favorable terms with lessors giving ability to quickly share, e.g. in previously capacity-constrained markets scale capacity up or down “by the hour” in response to like Mexico City customer demand

Positive labor relations allowing scalability of Harness advantages of lowest CASM to deliver operations attractive margins

Strong fundamentals and unique business model

25 Financial Information Volaris is NYSE listed, SEC registered and under SOX compliance Balance sheet and liquidity

FY Revenues (B, MXN) Unrestricted Cash (B, MXN)

34.8

22.2

2019 2020

FY EBITDAR (B, MXN) Adjusted Net Debt to LTM EBITDAR ratio

27 Our focus today continues to be cash-preservation and return to profitability

EBITDAR (MXN bn)

Volaris’ EBITDAR (Mexican pesos, billion)

EBITDAR Margin (%) 26.9% 22.1% 30.8% 20.5%

10.695

6.659 6.035 4.538

FY 2017 FY 2018 FY 2019 FY 2020 EBITDAR (billion pesos)

Source: Company filings 28 Consolidated Statement of Operations

Three months ended December Three months ended Three months ended Unaudited (In millions of Mexican pesos) Variance (%) 31, 2020 (US Dollars) * December 31, 2020 December 31, 2019

Operating revenues: Passenger revenues 394 7,863 9,414 (16.5%) Fare revenues 220 4,382 6,568 (33.3%) Other passenger revenues 174 3,481 2,846 22.3% Non-passenger revenues 20 397 349 13.7% Other non-passenger revenues 16 327 285 14.8% Cargo 3 70 64 8.8% Non-derivatives financial instruments (9) (174) (33) >100% Total operating revenues 405 8,086 9,729 (16.9%) Other operating income (8) (162) (63) >100% Fuel expense, net (1) 102 2,027 2,972 (31.8%) Depreciation of right of use assets 65 1,297 1,181 9.8% Landing, take-off and navigation expenses 58 1,148 1,384 (17.0%) Sales, marketing and distribution expenses 17 335 409 (18.1%) Salaries and benefits 49 983 953 3.2% Aircraft and engine variable lease expenses 25 507 193 >100% Maintenance expenses 23 454 360 26.0% Other operating expenses 14 288 165 74.6% Depreciation and amortization 12 249 208 19.7% Operating expenses 357 7,126 7,762 (8.2%) Operating income 48 960 1,967 (51.2%) Finance income - 8 36 (76.8%) Finance cost (33) (654) (656) (0.4%) Exchange gain, net 53 1,048 456 >100.0% Comprehensive financing result 20 403 (164) NA Income before income tax 68 1,362 1,803 (24.4%) Income tax expense (23) (465) (516) (9.7%) Net income 45 897 1,287 (30.3%) * Peso amounts were converted to U.S. dollars at end of period exchange rate for convenience purposes only. 29 (1) 4Q 2020 and 4Q 2019 figures include a benefit from non-derivatives financial instruments by an amount of Ps.84.2 million and Ps.16.7 million, respectively Consolidated Statement of Operations

Twelve months ended December 31, 2020 Twelve months ended Twelve months ended Unaudited (In millions of Mexican pesos) Variance (%) (US Dollars) * December 31, 2020 December 31, 2019

Operating revenues: Passenger revenues 1,077 21,487 33,699 (36.2%) Fare revenues 645 12,873 23,130 (44.3%) Other passenger revenues 432 8,613 10,569 (18.5%) Non-passenger revenues 54 1,084 1,126 (3.7%) Other non-passenger revenues 44 882 898 (1.7%) Cargo 10 202 229 (11.8%) Non-derivatives financial instruments (21) (411) (73) >100% Total operating revenues 1,111 22,160 34,753 (36.2%) Other operating income (37) (730) (327) >100% Fuel expense, net (1) 333 6,641 11,626 (42.9%) Depreciation of right of use assets 253 5,049 4,703 7.4% Landing, take-off and navigation expenses 205 4,091 5,108 (19.9%) Salaries and benefits 173 3,453 3,601 (4.1%) Sales, marketing and distribution expenses 92 1,841 1,448 27.2% Aircraft and engine variable lease expenses 93 1,845 962 91.9% Maintenance expenses 59 1,168 1,488 (21.5%) Other operating expenses 58 1,157 1,113 4.0% Depreciation and amortization 45 898 676 33.0% Operating expenses 1,274 25,413 30,397 (16.4%) Operating (loss) income (163) (3,254) 4,355 NA Finance income 5 102 208 (51.1%) Finance cost (2) (159) (3,177) (2,270) 40.0% Exchange gain, net 32 629 1,441 (56.3%) Comprehensive financing result (123) (2,446) (622) >100% (Loss) income before income tax (286) (5,700) 3,734 NA Income tax benefit (expense) 70 1,406 (1,095) NA Net (loss) income (215) (4,294) 2,639 NA * Peso amounts were converted to U.S. dollars at end of period exchange rate for convenience purposes only. (1) 4Q YTD 2020 and 4Q YTD 2019 figures include a benefit from non-derivatives financial instruments by an amount of Ps.409.2 million and Ps.57.0 million, respectively (2) During fourth quarter 2020, as a result of the capacity reduction due to COVID-19, the Company recorded the ineffective portion related to the derivative financial instruments by an amount of Ps.448.6 million, which is 30 presented as part of the financial costs Consolidated Statement of Financial Position

December 31, 2020 Unaudited (In millions of Mexican pesos) (US Dollars)* December 31, 2020 Unaudited December 31, 2019 Audited Assets Cash and cash equivalents 506 10,103 7,980 Accounts receivable 121 2,417 2,320 Inventories 14 279 302 Prepaid expenses and other current assets 25 492 781 Financial instruments - - 134 Guarantee deposits 57 1,142 600 Total current assets 724 14,434 12,117 Total non-current assets 2,696 53,787 51,178 Total assets 3,420 68,221 63,295 Liabilities Unearned transportation revenue 293 5,851 3,680 Accounts payable 120 2,396 1,656 Accrued liabilities 117 2,333 2,532 Lease liabilities 342 6,828 4,721 Other taxes and fees payable 112 2,236 2,102 Income taxes payable - 4 141 Financial instruments - 10 - Financial debt 79 1,566 2,086 Other liabilities 5 101 407 Total short-term liabilities 1,069 21,326 17,324 Total long-term liabilities 2,211 44,099 40,441 Total liabilities 3,280 65,424 57,765 Total equity 140 2,796 5,530 Total liabilities and equity 3,420 68,221 63,295 Total shares outstanding fully diluted 1,165,976,677 1,011,876,677

* Peso amounts were converted to U.S. dollars at end of period exchange rate for convenience purposes only. (1) As of December 31, 2020 and as of December 31, 2019 the figures include a negative foreign exchange effect of Ps.1,577 million and a positive foreign exchange effect of Ps.14 million, respectively, related to non-derivatives financial instruments 31 Consolidated Statement of Cash Flows

Three months ended Three months ended December Three months ended Unaudited (In millions of Mexican pesos) December 31, 2020 (US 31, 2020 December 31, 2019 Dollars)*

Net cash flow generated by operating activities 78 1,551 2,268 Net cash flow generated by (used in) investing activities 4 77 (823) Net cash flow generated by (used in) financing activities** 44 883 (1,000) Increase in cash and cash equivalents 126 2,511 445 Net foreign exchange differences (31) (609) (275) Cash and cash equivalents at beginning of period 411 8,202 7,810 Cash and cash equivalents at end of period 506 10,103 7,980

* Peso amounts were converted to U.S. dollars at end of period exchange rate for convenience purposes only. **Includes aircraft rental payments of Ps.2,242 million and Ps.1,713 million for the three months ended period December 31, 2020 and 2019, respectively.

Twelve months ended December 31, 2020 (US Twelve months ended December Twelve months ended Unaudited (In millions of Mexican pesos) Dollars)* 31, 2020 December 31, 2019

Net cash flow generated by operating activities 243 4,840 9,510 Net cash flow used in investing activities (3) (68) (1,879) Net cash flow used in financing activities** (177) (3,522) (5,239) Increase in cash and cash equivalents 63 1,251 2,391 Net foreign exchange differences 44 873 (274) Cash and cash equivalents at beginning of period 400 7,980 5,863 Cash and cash equivalents at end of period 506 10,103 7,980

*Peso amounts were converted to U.S. dollars at end of period exchange rate for convenience purposes only **Includes aircraft rental payments of Ps.6,591 million and Ps.6,500 million for the twelve months ended period December 31, 2020 and 2019, respectively