Frontier Appoints Kirk Stevens

DENVER (Aug. 7, 2003) - Frontier Airlines (Nasdaq: FRNT) has named Kirk Stevens as director of internal audit, effective immediately. Stevens, 43, previously served as Frontier’s manager of process and control. In his new role Stevens will expand the audit department`s responsibility to include ensuring Frontier is in compliance with Sections 302 and 404 of the Sarbanes-Oxley Act, specifically as it relates to Frontier`s internal control evaluation. In addition, Stevens will also be responsible for Frontier’s liquor and DIRECTV enhanced audit process. Kirk reports directly to the Audit Committee, and administratively to Vice President and Controller, Elissa Potucek.


“Kirk brings a great deal of internal audit experience to this expanded function, including a thorough knowledge of Frontier’s internal control processes,” said Potucek. “This knowledge is particularly helpful when auditing field locations and examining internal processes to ensure the highest degree of controls are put into place and adhered to by all employees. In addition, and as part of the requirements of Section 301 in Sarbanes-Oxley, we recently established an internal hotline designed to provide employees with an anonymous, timely mechanism for reporting any financial reporting concerns. Kirk will oversee this new reporting mechanism in addition to our internal audit procedures.”


Stevens brings over 20 years of internal audit experience to his latest role with Frontier, having served in various audit capacities in the restaurant, banking and airline industries. Prior to his current role, Stevens served as Frontier’s manager of process and control where he was responsible for financial audits, including all outlying stations and corporate functions. Stevens holds a bachelor’s degree in accounting from the University of Northern Colorado and a master’s degree in leadership from Regis University.


About Frontier:
Currently in its tenth year of operations, Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport with a fleet of 38 aircraft and employing approximately 3,300 aviation professionals. Frontier and its affiliate Frontier JetExpress currently serve 38 U.S. cities with 190 daily flights. Frontier`s maintenance and engineering department has received the Federal Aviation Administration`s highest award, the Diamond Certificate of Excellence, in recognition of 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs, for four consecutive years. In April 2002, Entrepreneur ranked Frontier one of two “Best Low-Fare Airlines.” Frontier provides capacity information and other operating statistics on its Web site, which may be viewed at www.frontierairlines.com.





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