ATA to Discuss Third Quarter Oct. 29

ATA Holdings Corp. (Nasdaq:ATAH), parent company of ATA (American Trans Air, Inc.) will release Third Quarter Financial Results on October 29. The public can listen to a webcast of the Company`s quarterly earnings conference call via the Internet. To access the webcast, click onto http://www.ata.com/about_ata/inv_rel.html. ATA`s conference call is scheduled to begin at 11:00 a.m. Eastern Time and will be archived on ata.com for future listening.

ATA today announced its third quarter earnings will be impacted by several fleet charges. ATA will write down its investment in a joint venture with Boeing (BATA), set up to remarket Boeing 727`s. The charge will adjust the book value to the current estimate of fair market value for the used aircraft. ATA has also taken an additional charge to its Lockheed L1011 fleets during this quarter. The total impact of these non-cash charges is estimated to be $35 million.

Now celebrating its 30th year of operation, ATA is the nation`s 10th largest passenger carrier based on revenue passenger miles. ATA operates significant scheduled service from Chicago-Midway and Indianapolis to more than 40 business and vacation destinations. To learn more about the company, visit the website at www.ata.com.

Caution Concerning Forward-Looking Statements: This communication contains certain “forward-looking statements”. These statements are based on ATA Holdings Corp. management`s current expectations and are naturally subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein. More detailed information about those factors is set forth in filings made by ATA Holdings Corp. with the SEC. Except to the extent required under the federal securities laws, ATA Holdings Corp. is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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