Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) reported that for the month of July 2000 traffic increased 12% to approximately 99.8 million revenue passenger miles (RPMs) in July 2000 from approximately 88.7 million in July 1999. Capacity increased 30% to approximately 154.0 million available seat miles (ASMs) in July 2000 versus 118.3 million in July 1999. Load factor decreased approximately 10 points to 64.8% in July 2000 from approximately 75.0% in July 1999.

Year-to-date RPMs increased 19% to approximately 577.8 million in 2000 from approximately 485.2 million in 1999. Year-to-date ASMs increased 37% to approximately 941.2 million in 2000 from approximately 686.2 million in 1999. Year-to-date load factor decreased approximately 9 points to 61.4% in 2000 from 70.7% in 1999.

Kansas City-based Vanguard Airlines, which began service in December 1994, 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, Dallas/Ft. Worth, Denver, Kansas City, Minneapolis/St. Paul, Myrtle Beach, New Orleans and Pittsburgh. The Company employs approximately 950 full-time equivalent employees and currently operates a fleet of 14 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)
July 2000: 99,779
July 1999: 88,724
% Change: 12%
YTD 2000: 577,848
YTD 1999: 485,178
% Change: 19%

ASMs (000)
July 2000: 153,977
July 1999: 118,322
% Change: 30%
YTD 2000: 941,195
YTD 1999: 686,244
% Change: 37%

Load Factor
July 2000: 64.8%
July 1999: 75.0%
Change: (10) Pts.
YTD 2000: 61.4%
YTD 1999: 70.7%
Change: (9) Pts.

Passengers
July 2000: 196,527
July 1999: 196,062
% Change: 0%
YTD 2000: 1,211,955
YTD 1999: 1,067,843
% Change: 13%

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