Vanguard Airlines Reports September Traffic

Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) reported that for the month of September 2000 traffic decreased 13 percent to approximately 65.3 million revenue passenger miles (RPMs) in September 2000 from approximately 75.1 million in September 1999. Capacity decreased 1 percent to approximately 120.8 million available seat miles (ASMs) in September 2000 versus 122.4 million in September 1999. Load factor decreased approximately 7 points to 54.1 percent in September 2000 from approximately 61.3 percent in September 1999.


Year-to-date RPMs increased 12 percent to approximately 726.6 million in 2000 from approximately 648.0 million in 1999. Year-to-date ASMs increased 29 percent to approximately 1,208.6 million in 2000 from approximately 936.6 million in 1999. Year-to-date load factor decreased approximately 9 points to 60.1 percent in 2000 from 69.2 percent in 1999.


Kansas City-based Vanguard Airlines, which began service in December 1994, is a value-priced, 100 percent ticketless passenger airline. The airline provides convenient, scheduled jet service to twelve cities: Atlanta, Buffalo/Niagara Falls, Chicago-Midway, Dallas/Ft. Worth, Denver, Kansas City, Los Angeles, Minneapolis/St. Paul, Myrtle Beach, New York-LaGuardia, New Orleans and Pittsburgh. The Company employs approximately 950 full-time equivalent employees and currently operates a fleet of 13 Boeing 737s. For more information on Vanguard or to book a reservation online, please visit the Company’s Web site at www.FlyVanguard.com.

RPMs (000)
Sept. 2000: 65,292
Sept. 1999: 75,092
% Change: (13)%
YTD 2000: 726,550
YTD 1999: 647,972
% Change: 12%

ASMs (000)
Sept. 2000: 120,788
Sept. 1999: 122,434
% Change: (1)%
YTD 2000: 1,208,615
YTD 1999: 936,617
% Change: 29%

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Load Factor
Sept. 2000: 54.1%
Sept. 1999: 61.3%
Change: (7) Pts.
YTD 2000: 60.1%
YTD 1999: 69.2%
Change: (9) Pts.

Passengers
Sept. 2000: 129,420
Sept. 1999: 166,484
% Change: (22)%
YTD 2000: 1,506,006
YTD 1999: 1,426,297
% Change: 6%
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