Kansas City, Mo.—Vanguard Airlines, Inc. (OTC Bulletin Board: VGDA) reported traffic for the month of June 2002 of 167.6 million revenue passenger miles (RPMs), a 65 percent increase from 101.4 million RPMs in June 2001. Load factor was 73.3 percent, down 4.7 points from 78.0 percent in June 2001.

For the first six months of 2002, load factor increased 0.5 points to 67.0 percent from 66.5 percent; RPMs increased 34 percent to 707.1 million from 526.8 million; and ASMs increased 33 percent to 1,055.1 million from 792.4 million, in each case as compared to the first six months of 2001.

“June continued the tremendous year-over-year increases in our traffic, passengers and departures,” said Scott Dickson, CEO and President of Vanguard Airlines. “We are pleased that the market has responded to our recent service additions. Load factors and unit revenue have remained strong. We expect to see record passenger levels during the upcoming Fourth of July travel period.”

Vanguard Airlines, Kansas City’s Hometown Airline, provides convenient all-jet service to 18 cities nationwide. The airline offers low fares with no advance-purchase requirements, advanced seat assignment and extra legroom on all flights with a fleet of nine Boeing MD-80-series aircraft featuring SkyBox? Business Class service and four Boeing 737s. For more information or to make reservations online, visit Vanguard’s Web site at www.flyvanguard.com.

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