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May 27, 2008Frontier Airlines and Teamsters Union Secure Final Agreement on Wage ConcessionsDENVER, May 27 /PRNewswire/ -- Frontier Airlines today announced that it has reached a tentative agreement with the International Brotherhood of Teamsters Union leadership for temporary wage and benefit concessions. The Teamsters represent about 430 people at Frontier including mechanics and related workers, tool room employees, aircraft appearance agents and material specialists. The concessions will now be put before the union membership for a ratification vote. "I am pleased we were able to come to an agreement with the union leadership," said Frontier President and CEO Sean Menke. "In challenging times like these, we need all of our employees supporting us in this process, and this tentative agreement is an important step in that direction." "The Teamsters Union and its members are aware of the issues facing Frontier Airlines and the entire Airline industry," said Matthew Fazakas, President and Principal Office of Teamsters Local 961. "We understand that in these tough economic times facing the airline industry, all Frontier employees need to contribute to the Company's future success. We are recommending that our members vote to approve the temporary wage-reduction plan. This needs to be a "win-win" situation" for all." Two weeks ago, Frontier asked all of its employees, both represented and non-represented, to take temporary wage and benefit concessions to help the airline as it attempts to, among other things, secure debtor in possession financing. Frontier's other two unions: the Frontier Airlines Pilots Association (FAPA) and the Transportation Workers Union (TWU), ratified agreements for those concessions last week. At the beginning of May, Menke and other members of the executive management team also agreed to up to 20% in wage and benefits concessions. Frontier plans to reexamine all the employee concessions in September based on the developing financial condition of the company and current economic conditions. About Frontier Airlines Holdings, Inc. Frontier Airlines Holdings, Inc. is the parent company of Denver-based Frontier Airlines. Currently in its 14th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 6,000 aviation professionals. Frontier Airlines' mainline operation has 62 aircraft, with one of the youngest Airbus fleets in North America. Frontier Airlines' mainline operations offer 24 channels of DIRECTV® service in every seatback along with a comfortable all-coach configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes to more than 60 destinations in the U.S., Mexico, Canada and Costa Rica. In November 2006, Frontier and AirTran announced a first-of-its-kind integrated marketing partnership that offers travelers the ability to reach more than 80 destinations across four countries with low fares, aboard two of the youngest fleets in the industry. For more in-depth information on Frontier Airlines, please visit its Web site at FrontierAirlines.com. SOURCE: Frontier Airlines Holdings, Inc. CONTACT: Corporate Communications, Frontier Airlines Holdings, Inc., Web site: http://www.frontierairlines.com/
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