Frontier Airlines Reports Traffic

Frontier Airlines today announced preliminary traffic results for December
2003. Revenue passenger miles (RPMs) increased 37.4 percent to 484,634,000
for December 2003 from the same period last year. Available seat miles
(ASMs) increased 23.5 percent to 655,388,000 for December 2003 from the
same period last year. This resulted in a load factor for December 2003 of
74.0 percent, an increase of 7.5 points from December 2002, when the
airline reported a load factor of 66.5 percent. The airline carried
518,666 passengers during December 2003, a 33.1 percent increase from
December 2002. The airline reported passenger yield of 11.55 cents for the
month of December 2003, a decrease of 6.7 percent from the same period
last year. Its passenger Revenue per Available Seat Mile (RASM) was 8.54
cents, up .31 cents or 3.8 percent from December 2002.

“The month of December was a great month as we carried more passengers
than any month in the history of the airline,” said Sean Menke, senior
vice president of marketing. “However, even with the strong year-over-year
December quarter improvement of 13.0 points in load factor and 13.6
percent in unit revenue, continued high fuel prices have adversely
impacted our cost per available seat mile (CASM) for our fiscal third