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Jan 15, 2003
Frontier Airlines Implements Temporary Fuel Surcharge
DENVER (Jan. 15, 2003) - Frontier Airlines (Nasdaq: FRNT) today announced it will implement a temporary $10 fuel surcharge on all domestic flights, effective today. The fuel surcharge will be applied to domestic travel each-way.
Vice President of Marketing and Planning Sean Menke said, "Fuel represents approximately 16 percent of our total operating expenses, and with fuel costs at near historic high levels, we regret that we must take this necessary step at this time. We will continue to monitor the volatile world oil markets going forward, and evaluate this surcharge accordingly."
Denver-based Frontier Airlines employs approximately 3,000 aviation professionals and is the second largest jet service carrier at Denver International Airport. Frontier and its regional jet partner Frontier JetExpress offer service to 39 cities. Frontier's fleet consists of 37 aircraft, which feature a single-class configuration. In 1999, 2000 and 2001, Frontier's maintenance and engineering department received the Federal Aviation Administration's highest award, the Diamond Certificate of Excellence, in recognition of 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs. In April 2002, Entrepreneur ranked Frontier one of two "Best Low-Fare Airlines," and in September 2001, Fortune ranked Frontier 41st on its 100 Fastest Growing Companies list. Frontier provides capacity information and other operating statistics on its Web site, which may be viewed at www.frontierairlines.com.