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UC Davis – Aviation Noise & Emissions Symposium 2021 Climate Change and Aviation: Opportunities in the Midst of Adversity February 25, 2021 • Impact of COVID-19 • Despite the Negative Economic Impacts of COVID-19, Airlines are Committed to Contributing to and Supporting Environmental Progress • Recovering from COVID: Building on Aviation’s Strong Record • The Important Role of Sustainable Aviation Fuel (SAF) • Need to Recognize Importance of Maintaining Aviation’s Role in Achieving a Sustainable Future OVERVIEW Tim A. Pohle – Senior Managing Director, Environmental Affairs Recovering from COVID-19: The Airline Perspective UC Davis ANE Symposium – February 25, 2021 2 Impact of COVID-19 Economic impact has been devastating • In U.S., particularly significant impact on passenger carriers • Worldwide passenger traffic (RPK) down 66%, cargo traffic down 11 % (RTK) [Source: IATA] • International travel and business travel been hit even harder (down ~80%, ~85%), compromising significant revenue streams • Passenger carrier revenue down 61.5% YOY in first nine months of 2020 Tim A. Pohle – Senior Managing Director, Environmental Affairs Recovering from COVID-19: The Airline Perspective UC Davis ANE Symposium – February 25, 2021 Also, accelerated retirement of less-efficient aircraft: as industry recovers and replenishes the fleet it will do so with new, more efficient aircraft Impact of COVID-19 Intensified focus on environment and sustainability “Build Back Better” is the more than an aspiration, it is the expectation The worst economic crisis in the industry’s history has strengthened airlines’ commitment to sustainability and the environment Sustainability of our…

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