Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) reported that for the month of February 2000 traffic increased 24% to approximately 69.8 million revenue passenger miles (RPMs) in February 2000 from approximately 56.4 million in February 1999. Capacity increased 33% to approximately 106.0 million available seat miles (ASMs) in February 2000 versus 80.0 million in February 1999. Load factor decreased approximately five points to 65.8% in February 2000 from approximately 70.6% in February 1999.

Year-to-date RPMs increased 23% to approximately 134.9 million in 2000 from approximately 109.8 million in 1999. Year-to-date ASMs increased 34% to approximately 214.4 million in 2000 from approximately 159.9 million in 1999. Year-to-date load factor decreased approximately six points to 62.9% in 2000 from 68.6% 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 nine cities: Atlanta, Buffalo/Niagara Falls, Chicago-Midway, Dallas/Ft. Worth, Denver, Kansas City, Minneapolis/St. Paul, Myrtle Beach and Pittsburgh. The Company employs approximately 900 full-time equivalent employees and currently operates a fleet of twelve Boeing 737-200’s. For more information on Vanguard or to book a reservation on-line, please visit our web site at www.flyvanguard.com.

RPMs (000)
February 2000: 69,752
February 1999: 56,448
% Change: 24%
YTD 2000: 134,934
YTD 1999: 109,778
% Change: 23%

ASMs (000)
February 2000: 105,967
February 1999: 79,969
% Change: 33%
YTD 2000: 214,410
YTD 1999: 159,929
% Change: 34%

Load Factor
February 2000: 65.8%
February 1999: 70.6%
Change: (5) Pts.
YTD 2000: 62.9%
YTD 1999: 68.6%
Change: (6) Pts.

Passengers
February 2000: 155,365
February 1999: 121,679
% Change: 28%
YTD 2000: 299,789
YTD 1999: 235,002
% Change: 28%

——-