Frontier Airlines Reports January 2002 Traffic

Frontier Airlines (Nasdaq: FRNT) today announced traffic results for January 2002. Revenue passenger miles (RPMs) decreased 1.6 percent to 202,975,000 for January 2002 from the same period last year. Available seat miles (ASMs) increased 2.5 percent to 391,032,000 for January 2002 from the same period last year. This resulted in a load factor for January 2002 of 51.9 percent, a decrease of 2.2 points from January 2001, when the airline reported a load factor of 54.1 percent. The airline carried 234,091 passengers during January 2002, a 3.6 percent increase from January 2001. The airline reported an average fare of $129 for the month of January 2002, an 11.6 percent decrease from January 2001 when the airline`s average fare was $146.

“We are pleased with the trends we see in our traffic, especially in light of the continued capacity increases that we are implementing. During January, we added capacity in several markets that had been reduced after September 11, and we were pleased to see passenger volume responding positively in those markets,” said Vice President of Marketing and Planning Sean Menke.