1 Q4 2025 EPS Adjusted Earnings Per Share Impacts Notes ■ Core business trends were on a strong trajectory prior to headwinds beginning in late October ■ October IT and cloud service outages are expected to reduce EPS by ~$0.25 due to lost revenue and higher costs from roughly 400 cancellations ■ Gov’t Shutdown, FAA-mandated flight cancellations and subsequent lost bookings are expected to reduce EPS by ~$0.15 ■ Higher economic fuel cost, now expected to be ~$2.65 vs prior midpoint of $2.55, is a ~$0.15 EPS headwind ■ FY 2025 tax rate is now expected to be ~27%, resulting in an elevated Q4 tax rate of ~40% to 50% to reflect catch-up tax expense at this higher annual rate Prior Guidance EPS Trajectory prior to 10/24 IT & Cloud Services Provider Outage Gov't Shutdown Fuel Tax Rate Updated Guidance > $0.40 ~$0.25 ~$0.15 ~$0.15 Chart not to scale Approx $0.55-0.60 of headwinds Approx. $0.10 Prior Guidance EPS Trajectory prior to 10/24 IT l ud Services Provider Outage Government Shutdown Fuel Tax Rate Updated Guidance