1

ONT – A Growth Airport throughout Much of Its History, Until Recently

Annual Passengers at ONT1980-2011

Source: LAWA

2

ONT versus Competing Airports in the Region

Source: Southern California Airports

Passengers at Southern California Regional Airports2000-2011

John Wayne

Ontario

Burbank

Long Beach

Palm Springs

Change2000-2011

10.8%

-32.8%

-9.4%

388.4%

18.0%

3

ONT in Perspective

Passengers Compared to 2000; Indexed to 2000=1.002000-2011

Sources: Southern California Airports, BTS

0.40

0.50

0.60

0.70

0.80

0.90

1.00

1.10

1.20

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

U.S. average

ONT

LAX

LA Area

Passenger Share of Southern California AirportsLAX, Ontario, Burbank, John Wayne, Long Beach, Palm Springs

Southern California Airport Regionalization Since 2003, LAX’s market share has actually increased from 69.7% to 73.7% Over the 21-year period from 1990, LAX’s market share has dropped only 0.5%

Source: Southern California Airports

5

Ontario Continues to Lose Air Service – with Even Deeper Cuts in the Months Ahead

Scheduled Seats at Ontario International AirportCompared to Prior Year Same MonthJanuary – September 2012

Source: Official Airline Guide as of March 2, 2012

6

Low Cost Carrier Passengers at LAX and ONTYE2q 2011 Domestic O&D

LAX Has Attracted Low Cost Service Instead of ONT

Source: DOT O&D Survey YE2q 2011

LAX Total 10.7 MAP

ONT Total 2.5 MAP

Domestic O&D passengers (YE2q 2011):

LAX: network carriers 65.0% , LCC 35.0%; ONT: network carriers 44.5% , LCC 55.5%

7

FAA Forecasts for ONT and LAX

Source: FAA TAF 2010-2030; Passengers = Enplanements x 2. FAA actual 2000-2009; FAA forecast 2010-2030

64.3 MAP2000

81.4 MAP(2020)

108.6 MAP(2030)

0

20

40

60

80

100

120

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

LAX – FAA Passenger Forecast2010-2030

ONT – FAA Passenger Forecast2010-2030

6.4 MAP(2000)

5.2 MAP(2020)

6.2 MAP(2030)

0

1

2

3

4

5

6

7

8

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

Mill

ion

sM

illio

ns

8

ONT Has the Highest Cost among Airports in Southern California and Among the Highest in the U.S. among Comparable Airports – A Problem that Must Be Addressed

Cost per Enplaned PassengerMost Recent Fiscal Year

Source: Fitch Ratings reports issued in 2011 for Burbank, John Wayne, LAX, Long Beach, and Ontario. FAA Form 127 financial reports. Moody’s U.S. Airport Medians for FY 2010

9

Total Economic Impact of ONT Was $849 Million in 2011Total economic loss of $494 Million versus 2007Total job loss of over 9,227 jobs versus 2007

In 2011 US$

Source: Oliver Wyman Analysis