Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) reported traffic for the month of October 2000 increased 12 percent to approximately 81.7 million revenue passenger miles (RPMs) in October 2000 from approximately 73.2 million in October 1999. Capacity increased 15 percent to approximately 141.1 million available seat miles (ASMs) in October 2000 versus 122.7 million in October 1999. Load factor decreased approximately 1.7 points to 57.9 percent in October 2000 from 59.6 percent in October 1999.

Year-to-date RPMs increased 12 percent to approximately 808.3 million in 2000 from approximately 721.1 million in 1999. Year-to-date ASMs increased 27 percent to approximately 1,349.7 million in 2000 from approximately 1,059.3 million in 1999. Year-to-date load factor decreased approximately 8.2 points to 59.9 percent in 2000 from 68.1 percent in 1999.

Kansas City-based Vanguard Airlines, which began service in December 1994, is a value-priced, 100 percent ticketless passenger airline. The airline provides convenient, scheduled jet service to twelve cities: Atlanta, Buffalo/Niagara Falls, Chicago-Midway, Dallas/Ft. Worth, Denver, Kansas City, Los Angeles, Minneapolis/St. Paul, Myrtle Beach, New York-LaGuardia, New Orleans and Pittsburgh. The Company employs approximately 950 full-time equivalent employees and currently operates a fleet of 13 Boeing 737s. For more information on Vanguard or to book a reservation online, please visit the Company’s Web site at www.FlyVanguard.com.

RPMs (000)
Oct. 2000: 81,742
Oct. 1999: 73,160
% Change: 12%
YTD 2000: 808,292
YTD 1999: 721,133
% Change: 12%

ASMs (000)
Oct. 2000: 141,078
Oct. 1999: 122,660
% Change: 15%
YTD 2000: 1,349,693
YTD 1999: 1,059,277
% Change: 27%

Load Factor
Oct. 2000: 57.9%
Oct. 1999: 59.6%
Change: (1.7) Pts.
YTD 2000: 59.9%
YTD 1999: 68.1%
Change: (8.2) Pts.

Passengers
Oct. 2000: 136,179
Oct. 1999: 164,270
% Change: (17)%
YTD 2000: 1,642,185
YTD 1999: 1,590,567
% Change: 3%

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