DENVER (June 20, 2002) - Frontier Airlines (Nasdaq: FRNT) today announced that it has signed an agreement with Overland Park, Kansas-based firm, Juro International Systems (JIS), for the provision of new software that will allow the airline to warehouse and study real-time revenue analysis information, including information on flights booked through its various distribution channels.
Frontier Airlines will use the data delivered through Juro's JIS-TCN (Trademark and Registration pending) Revenue Analysis system to analyze and develop pricing, revenue management, distribution channel and network planning strategies. The JIS-TCN system uses transmission control number (TCN) data provided by the four global distribution systems (GDS) and produced by Frontier Airlines' internal E-ticket system to produce the information.
David Minnelli, Frontier's director of pricing and revenue management stated: "Juro's TCN system will greatly improve our ability to warehouse accurate Frontier revenue analysis data, and with the real-time information collected from TCN, we will be better prepared to respond to market conditions and more effectively maximize our revenue opportunities."
"Frontier Airlines has proven itself to be an ambitious player and an innovator in the major marketplace. Our JIS-TCN Revenue Analysis system is helping a growing number of aviation related businesses increase revenue and market share by changing the way they manage information. We look forward to helping Frontier Airlines accomplish its goals," said Kenji Oba, Juro International Systems president.
About Juro International Systems
Juro International Systems is a data management, information technology and consulting firm. With the combined experience of more than 50 years at seven major airlines, JIS develops innovative and cost-effective software solutions. Assimilating complex data from various sources and providing management with problem-solving tools that will improve performance is their primary goal.
The mission of JIS is to serve the needs of its clients by providing accurate, real time data that can be used for key decision making and the delivery of results that will provide immediate improvement to their client's financial statements and efficacy of operations. For more information on Juro International Systems, please visit www.jurois.com or call 913.693.4730.
About Frontier Airlines
Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport with a fleet of 31 aircraft and employing approximately 2,900 aviation professionals. Frontier and its affiliate Frontier JetExpress currently serve 32 U.S. cities with 170 daily flights. 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 Magazine ranked Frontier one of two "Best Low-Fare Airlines, " and in September 2001, Fortune magazine ranked Frontier 41st on its 100 Fastest Growing Companies list. For more information and reservations, visit the Frontier Airlines' website at
www.frontierairlines.com.
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Statements contained in this press release, which are not historical facts, are forward-looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements and certain information contained in this press release involves risks and uncertainties that could result in actual results differing materially from expected results. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: the inability of vendors to produce the products and services described or the failure of the products to operate as anticipated, additional incidents that could cause the public to question the safety and/or efficiency of air travel, operational disruptions, industry consolidation, air traffic control-related difficulties, the impact of labor issues, actions of the federal and local governments, enhanced security requirements, changes in the government's policy regarding relief to the airline industry, the stability of the U.S. economy and the economic environment of the airline industry. Forward-looking statements represent the Company's expectations and beliefs concerning future events, based on information available to the Company as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release. Additional information regarding these and other factors may be contained in the Company's SEC filings, including without limitation, the Company's Form 10-K for its fiscal year ended March 31, 2002, the Company's Form 10-Q for the quarter ended Dec. 31, 2001; the Company's Form 8-K filed May 7, 2001 and the Company's Form 8-K filed Jan. 22, 2001, as amended by the Company's Form 8-K/A filed July 11, 2001.
