Midwest Air Group Reports December

Midwest Air Group, Inc. today reported December performance data for
Midwest Airlines and Midwest Connect. Compared with December 2002, Midwest
Airlines reported increases in traffic, capacity and load factor, and a
decrease in yield. Midwest Connect reported decreases in traffic, capacity
and load factor, and an increase in yield.

Midwest Airlines—In December, Midwest Airlines` traffic (measured in
scheduled service revenue passenger miles) increased 9.1% on a 5.0%
increase in capacity (measured in scheduled service available seat miles).
Year to date, traffic was up 0.1% on a 7.0% decrease in capacity. Midwest
Airlines expects capacity to increase 16-18% in the first quarter of 2004.
—Load factor for the month was 67.7%, compared with 65.1% in December
2002; year to date, load factor was 66.3%, compared with 61.6% in 2002.—
Revenue yield declined 15.1% from December 2002 and 15.0% year to date.—
Revenue per scheduled service available seat mile decreased 11.4% in
December—higher load factor was not enough to offset lower revenue
yield, and decreased 8.0% year to date.—Fuel prices were 15.3% higher
in December than a year ago, and 21.9% higher for the full year. Midwest
Connect—In December, Midwest Connect`s traffic decreased 20.4% on a
17.9% decrease in capacity. Year to date, traffic was up 5.4% on a 3.4%
decrease in capacity. Midwest Connect expects capacity to decrease 16-18%
in the first quarter of 2004.—Load factor for the month was 54.6%,
compared with 56.3% in December last year; year to date, load factor was
53.3%, compared with 48.9% in 2002.—Revenue yield increased 14.8% from
December 2002 and decreased 11.3% year to date.—Revenue per scheduled
service available seat mile increased 14.5% in December—the result of
lower load factor offset by higher revenue yield, and decreased 1.0% year
to date.—Fuel prices were 15.3% higher in December than a year ago, and
18.1% higher for the full year.


Midwest Airlines features nonstop jet service to major destinations
throughout the United States. Skyway Airlines, Inc.—its wholly owned
subsidiary—operates Midwest Connect, which offers connections to
Midwest Airlines as well as point-to-point service between select markets
on regional jet and turboprop aircraft. Together, the airlines offer
service to 50 cities. More information is available at
http://www.midwestairlines.com/ .
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