Frontier Airlines Reports November 2001 Traffic

Frontier Airlines (Nasdaq: FRNT ) today announced preliminary traffic results for November 2001. Revenue passenger miles (RPMs) decreased to 170,937,000, a decrease of 23.4 percent from the same period last year. On a comparative basis, available seat miles (ASMs) decreased 6.2 percent to 324,614,000 for November 2001. This resulted in a load factor for November 2001 of 52.7 percent, a decrease of 11.7 points from November 2000. The airline carried 203,145 passengers during November 2001, a decrease of 17.5 percent from November 2000. The airline reported an average fare of $136 for the month of November 2001, a 5.6 percent decrease from November 2000 when the airline`s average fare was $144. The airline estimates that its passenger yield (passenger revenue per passenger mile) increased 1.6 percent during the month of November 2001 to 16.15 cents from 15.89 cents from the same period last year.

The airline also updated the investor relation`s section of its Web site (, providing an updated capacity forecast for the remainder of its fiscal year, which will end on Mar. 31, 2002. The airline plans an 11.8 percent increase in ASMs for its fiscal fourth quarter as compared to the same period last year, resulting in a 7.6 percent increase in ASMs for its fiscal year 2002 as compared to the airline`s fiscal year 2001.

“We are encouraged by our November traffic results as well as our ability to maintain unit revenue, which we believe reflects a growing confidence in air travel and in Frontier,” said Sean Menke, vice president of marketing and planning. “We were also pleased that our November load factor increased 5.2 points over October. During November, we returned several markets to their pre-September 11 capacity levels, including Dallas, San Francisco and Seattle, and also added a fourth round-trip between Denver and Kansas City as a result of customer demand.”