Kansas City, MO—Vanguard Airlines, Inc. (NasdaqSC: VNGD) reported that for the month of January 2000 traffic increased 22% to approximately 65.2 million revenue passenger miles (RPMs) in January 2000 from approximately 53.5 million in January 1999. Capacity increased 35% to approximately 108.4 million available seat miles (ASMs) in January 2000 versus 80.2 million in January 1999. Load factor decreased approximately seven points to 60.1% in January 2000 from approximately 66.7% in January 1999.

Robert J. “Rocky” Spane, CEO and President of Vanguard Airlines, said, “While January started out slow in part due to softer demand attributable to Y2K concerns, sales for the spring and summer are ahead of forecasts. We are looking forward to the arrival of additional aircraft supporting increased frequency and new routes that will be operating starting March 2, 2000.”

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. For more information on Vanguard or to book a reservation on-line, please visit our web site at www.flyvanguard.com.

RPMs (000)
January 2000: 65,182
January 1999: 53,464
% Change: 22%

ASMs (000)
January 2000: 108,443
January 1999: 80,157
% Change: 35%

Load Factor
January 2000: 60.1%
January 1999: 66.7%
Change: (7) Pts.

Passengers
January 2000: 144,424
January 1999: 113,641
% Change: 27%

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