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Apr 30, 2002
Frontier Airlines To Perform Internal Revenue Accounting
DENVER (April 30, 2002) - Frontier Airlines (Nasdaq: FRNT) today announced that effective April 1, the airline has begun performing its own revenue accounting processes, using SITA's Passenger Revenue Accounting system (PRA). The airline previously outsourced its revenue accounting function.
"As our business grows, we must continually analyze what functions are
best handled in an outsourced environment and what functions can be more efficiently
managed internally," explained Vice President and Controller Elissa Potucek.
"In Frontier's case, and as we prepare to celebrate our eighth year of
operations, we believe that bringing our revenue accounting processes in house
will result in reduced costs and will improve our ability to access real-time
information and flight revenue information. To manage the new in-house responsibilities,
we have developed a strong internal team with diverse industry experience, utilizing
SITA's PRA system to provide us with a variety of services, including e-ticket
processing and a fare audit module."
"Our recent acquisition of RPA has strengthened SITA's wide-ranging applications
portfolio and we are delighted that Frontier - recently named one of Entrepreneur
Magazine's 'best domestic low-fare carriers' - has chosen to use SITA's revenue
accounting solution to enhance their operations," said Bob Thorpe, SITA's
Vice President and General Manager,
Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport with a fleet of 30 aircraft and employing approximately 2,600 aviation professionals. Frontier and its affiliate Frontier JetExpress currently serve 31 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. Frontier provides capacity information and other operating statistics on its Web site, which may be viewed at www.frontierairlines.com.