Atlantic Coast Airlines Reports February Traffic

Atlantic Coast Airlines (ACA) today reported preliminary consolidated
passenger traffic results for February 2004. Systemwide, the company
generated 225.3 million revenue passenger miles (RPMs), a 1.3 percent
decrease over the same month last year, while available seat miles (ASMs)
were 364.4 million, a 10.4 percent increase. Load factor was 61.8 percent
versus 69.1 percent in February 2003. For the month, 576,995 passengers
were carried, a 0.6 percent decrease over the same month last year.
For the two months ended February 29, 2004, compared to the same period in
2003, RPMs were at 436.5 million, a decrease of 6.3 percent, while ASMs
were 734.4 million, a 3.2 percent increase. The company carried 1,114,532
passengers for the two months ended February 2004, compared to 1,200,920
in 2003, a decrease of 7.2 percent on a year-over-year basis.

ACA currently operates as Delta Connection and United Express in the
Eastern and Midwestern United States as well as Canada. On July 28, 2003,
ACA announced plans to establish a new, independent low-fare airline to be
based at Washington Dulles International Airport-to be called Independence
Air. The company has a fleet of 144 aircraft—including a total of 120
regional jets—and offers 800 daily departures, serving 80 destinations.
ACA employs approximately 4,100 aviation professionals.

The common stock of parent company Atlantic Coast Airlines Holdings, Inc.
is traded on the Nasdaq National Market under the symbol ACAI. For more
information about ACA, visit our website at http://www.atlanticcoast.com/.
For more information about Independence Air, visit our “preview” site at
http://www.flyi.com/.
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