Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) reported that for the month of June 2000 traffic increased 27% to approximately 102.8 million revenue passenger miles (RPMs) in June 2000 from approximately 80.7 million in June 1999. Capacity increased 42% to approximately 161.3 million available seat miles (ASMs) in June 2000 versus 113.6 million in June 1999. Load factor decreased approximately seven points to 63.7% in June 2000 from approximately 71.1% in June 1999.

Year-to-date RPMs increased 21% to approximately 478.1 million in 2000 from approximately 396.5 million in 1999. Year-to-date ASMs increased 39% to approximately 787.2 million in 2000 from approximately 567.9 million in 1999. Year-to-date load factor decreased approximately nine points to 60.7% in 2000 from 69.8% in 1999.

Vanguard, which began service in December 1994 and is headquartered in Kansas City, is a low-fare, 100% ticketless passenger airline providing convenient and frequent, scheduled jet services to the following ten cities: Atlanta, Buffalo/Niagara Falls, Chicago-Midway, Dallas/Ft. Worth, Denver, Kansas City, Minneapolis/St. Paul, Myrtle Beach, New Orleans (beginning August 1, 2000) and Pittsburgh. The Company employs approximately 950 full-time equivalent Employees and currently operates a fleet of 15 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)
June 2000: 102,816
June 1999: 80,715
% Change: 27%
YTD 2000: 478,069
YTD 1999: 396,454
% Change: 21%

ASMs (000)
June 2000: 161,332
June 1999: 113,562
% Change: 42%
YTD 2000: 787,219
YTD 1999: 567,922
% Change: 39%

Load Factor
June 2000: 63.7%
June 1999: 71.1%
Change: (7) Pts.
YTD 2000: 60.7%
YTD 1999: 69.8%
Change: (9) Pts.

Passengers
June 2000: 205,212
June 1999: 177,523
% Change: 16%
YTD 2000: 1,015,428
YTD 1999: 871,781
% Change: 16%

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