Frontier Airlines Anticipates Accelerated Growth

Frontier Airlines (Nasdaq: FRNT ) today announced its projected capacity growth plan for its fiscal year ended March 31, 2002. The airline plans to increase its fiscal year 2002 capacity, or available seat miles (ASMs), by approximately 23 percent, compared to planned growth for its fiscal year 2001 of approximately 20 percent. In conjunction with today`s announcement, the airline updated the “Selected Operating and Financial Data” page on its Web site, which can be accessed at .

“Our accelerated growth plan for fiscal year 2002 is the result of several factors, including the introduction of six new Airbus aircraft into our fleet, which will bring our total fleet to 31 by March 2002,” said Chief Financial Officer Steve Warnecke. “We plan to use these additional aircraft to enter new markets during the year, and also to add frequency in several of the markets we currently serve.”

Frontier provides capacity and other data and industry comparisons on its Web site, which may be viewed at . The historical information, earnings estimates and other projections contained herein are as of the date of this release, and on the airline`s Web site as of the date shown on the relevant Web site page, and are not being made as of any later date, unless noted. Shareholders and other interested parties are advised to check the airline`s Web site for updated information. The historical information is subject to review and adjustment, and earnings estimates and other projected information are subject to review and adjustment and all the risks and uncertainties associated with projections. Actual results may differ materially. See the cautionary language below.