ATA Scheduled Service Traffic Grows 9.4%

INDIANAPOLIS—(BUSINESS WIRE)—July 8, 2002—American Trans Air, Inc. (ATA), the principal subsidiary of ATA Holdings Corp. (Nasdaq:ATAH), today reported that its system-wide traffic, expressed in revenue passenger miles, increased 1.9% in June of 2002 when compared with June of 2001. Capacity (available seat miles) increased 1.4%. In June, ATA`s scheduled service traffic increased 9.4%, capacity increased 10.7% and the passenger load factor decreased 1.0 point to 82.0%. The Company expects its scheduled service capacity growth to continue while it completes its planned deliveries of new aircraft in 2002.

ATA expects to record a pre-tax, non-cash charge of approximately $16 million in the second quarter related to a reduction in the anticipated future lease value of the Boeing 727-200, which the Company no longer flies. The Company also expects to record a pre-tax expense of approximately $8 million for a signing bonus as a part of the recently completed cockpit crewmember contract. The signing bonus will be paid in installments between October 2002 and October 2003. Voting on the contract is expected to be complete in mid-July.