Frontier Airlines Reports December 2001 Traffic

Frontier Airlines (Nasdaq: FRNT) today announced traffic results for December 2001. Revenue passenger miles (RPMs) decreased 13.2 percent to 198,339,000, and available seat miles (ASMs) decreased 2.2 percent to 348,020,000 from the same period last year. The load factor for December 2001 was 57.0 percent, a decrease of 7.2 points from December 2000, when the airline reported a load factor of 64.2 percent. The airline reported an average fare of $137 for the month of December 2001, a 2.1 percent decrease from December 2000 when the airline`s average fare was $140.

“Our December traffic and our yield results remain in line with our expectations as we continue to recover from the tragic events of September 11,” said Vice President of Marketing and Planning Sean Menke. “We have built a base of traffic during the upcoming spring break period and look forward to opening three new markets in February as well as beginning our codeshare relationship with Mesa Airlines.”