Frontier Reports Record Traffic

Frontier Airlines today announced preliminary traffic results for November
2003, the sixth consecutive month of record load factor for the Company.
Revenue passenger miles (RPMs) increased 53.8 percent to 410,140,000 for
November 2003 from the same period last year. Available seat miles (ASMs)
increased 20.7 percent to 582,453,000 for November 2003 from the same
period last year. This resulted in a load factor for November 2003 of 70.4
percent, an increase of 15.2 points from November 2002, when the airline
reported a load factor of 55.2 percent. The airline carried 448,870
passengers during November 2003, a 50.9 percent increase from November
2002. The airline reported passenger yield of 11.38 cents for the month of
November 2003, a decrease of 5.8 percent from the same period last year.
Its passenger Revenue per Available Seat Mile (RASM) was 8.01 cents, up
1.34 cents or 20.1 percent from November 2002.

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 39 aircraft and employing approximately 3,800 aviation
professionals. Frontier, in conjunction with Frontier JetExpress operated
by Mesa Air Group (“Mesa”), operates routes linking our Denver hub to 37
cities in 22 states spanning the nation from coast-to-coast and to four
cities in Mexico. 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 August 2003,
Frontier ranked as one of the “Top 10 Domestic Airlines” as determined by
readers of Travel & Leisure magazine. Frontier provides capacity
information and other operating statistics on its Web site, which may be
viewed at .