Kansas City, MO—Vanguard Airlines, Inc. (Nasdaq: VNGD) reported that for the month of November 1999 traffic increased 17% to approximately 68.9 million revenue passenger miles (RPMs) in November 1999 from approximately 58.8 million in November 1998. Capacity increased 38% to approximately 120.2 million available seat miles (ASMs) in November 1999 versus 87.2 million in November 1998. Load factor decreased approximately ten points to 57.3% in November 1999 from approximately 67.4% in November 1998.

Year-to-date RPMs increased 23% to approximately 790.0 million in 1999 from approximately 644.0 million in 1998. Year-to-date ASMs increased 24% to approximately 1,179.5 million in 1999 from approximately 954.3 million in 1998. Year-to-date load factor decreased approximately one point to 67.0% in 1999 from 67.5% in 1998.

Robert J. “Rocky” Spane, CEO and President of Vanguard Airlines, said, “While our November load factor fell about ten points, we were pleased to achieve an increase in passenger yield of approximately 7%.”

Vanguard, which began service in December 1994 and is headquartered in Kansas City, is a low-fare, 100% ticketless passenger airline providing convenient and frequent scheduled jet services to the following ten cities: Atlanta, Buffalo/Niagara Falls, Chicago-Midway, Cincinnati, Dallas/Ft. Worth, Denver, Kansas City, Minneapolis/St. Paul, Myrtle Beach and Pittsburgh. The Company employs approximately 900 full-time equivalent employees and currently operates a fleet of thirteen Boeing 737-200’s. Vanguard reported its first-ever annual operating profit in 1998 and its sixth consecutive quarter of operating profits in the third quarter of 1999. For more information on Vanguard or to book a reservation on-line, please visit our web site at www.flyvanguard.com.

RPMs (000)
November 1999: 68,904
November 1998: 58,772
% Change: 17%
YTD 1999: 790,037
YTD 1998: 644,015
% Change: 23%

ASMs (000)
November 1999: 120,219
November 1998: 87,196
% Change: 38%
YTD 1999: 1,179,496
YTD 1998: 954,349
% Change: 24%

Load Factor
November 1999: 57.3%
November 1998: 67.4%
Change: (10) Pts.
YTD 1999: 67.0%
YTD 1998: 67.5%
Change: (1) Pt.

Passengers
November 1999: 153,289
November 1998: 127,006
% Change: 21%
YTD 1999: 1,743,856
YTD 1998: 1,381,706
% Change: 26%

——-