Vanguard Airlines Reports The Highest November Load Factor In Company History

Kansas City, MO—Vanguard Airlines, Inc. (OTC: VNGD) reported that for the month of November 1998 load factor increased approximately 10 points to 67.4% from 57.0% in November 1997. Traffic was approximately 58.8 million revenue passenger miles (RPMs) in November 1998 versus 52.4 million in November 1997. Capacity was approximately 87.2 million available seat miles (ASMs) in November 1998 versus 92.1 million in November 1997.
Robert J. “Rocky” Spane, CEO and President of Vanguard Airlines, said, “With load factor up 10 points, passenger yield up approximately 22%, and passengers carried up about 38%, we continue to be encouraged by Vanguard`s progress.”

Year-to-date results for 1998 versus year-to-date 1997 were as follows: Year-to-date RPMs decreased nine percent to approximately 644.0 million in 1998 from approximately 707.1 million in 1997. Year-to-date ASMs decreased 20% to approximately 954.0 million in 1998 from approximately 1,196.7 million in 1997. Year-to-date load factor increased approximately eight points to 67.5% in 1998 from 59.1% in 1997.

Vanguard Airlines, which began service in December 1994 and is headquartered in Kansas City, is a low-fare, passenger airline providing convenient, scheduled jet service. Vanguard serves the following eight cities: Atlanta, Chicago-Midway, Dallas/Ft. Worth, Denver, Kansas City, Minneapolis/St. Paul, Myrtle Beach and Pittsburgh. The Company employs approximately 800 full-time employees and currently operates a fleet of nine Boeing 737-200`s.