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Mar 20, 2003Frontier Airlines Reports Preliminary March 2003 TrafficDENVER (April 7, 2003) Frontier Airlines (Nasdaq: FRNT) today announced preliminary traffic results for March 2003. Revenue passenger miles (RPMs) increased 14.1 percent to 356,288,000 for March 2003 from the same period last year. Available seat miles (ASMs) increased 17.2 percent to 543,042,000 for March 2003 from the same period last year. This resulted in a load factor for March 2003 of 65.6 percent, a decrease of 1.8 points from March 2002. The airline carried 396,082 passengers during March 2003. The airline reported an average fare of $108 for the month of March 2003, a 14.3 percent decrease from March 2002, when the airline’s average fare was $126. “Given the impact of Denver’s worst winter storm in 90 years, March traffic results are in line with our reduced expectations, especially considering that the Easter travel weekend fell in the month of March last year. Advance bookings continue to be affected by hostilities in Iraq and the slow economic recovery,” said Sean Menke, vice president of marketing and planning. The following table represents comparisons for March, fiscal and calendar year-over-year traffic results.
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