ATA Scheduled Traffic Climbs

INDIANAPOLIS—(BUSINESS WIRE)—Feb., 2003—ATA (American Trans Air, Inc.), the principal subsidiary of ATA Holdings Corp. (Nasdaq:ATAH), today reported that ATA`s January scheduled service traffic, measured in revenue passenger miles (RPMs), increased 35.9 percent on 31.3 percent more capacity, measured in available seat miles (ASMs), compared to 2002. ATA`s scheduled service January passenger load factor increased 2.2 points to 66.3 percent and passenger enplanements grew by 33.0 percent compared to 2002.

For the Company`s system-wide traffic (RPMs) increased 26.8 percent in January on 29.9 percent more capacity (ASMs) when compared with 2002. The number of block hours flown system-wide increased by 38.5 percent during the first month of 2003 compared to last January.

ATA Holdings Corp. common stock trades on the NASDAQ Stock Market under the symbol “ATAH”. As of January 31, 2003, ATA has a fleet of 30 Boeing 737-800`s, 16 Boeing 757-200`s, 10 Boeing 757-300`s, and 10 Lockheed L1011`s. Chicago Express Airlines, Inc., the wholly owned commuter airline based at Chicago-Midway Airport, operates 17 SAAB-340B`s.

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 over 40 business and vacation destinations. To learn more about the Company, visit the website at www.ata.com.

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