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"These markets were strong performers prior to the events of September 11, and we are pleased that consumer confidence appears to be in the early stages of rebounding and that the demand for our services warrants the additional flights," said President and Chief Operating Officer Jeff Potter. "Obviously the recall of the furloughed maintenance and engineering employees is also great news, and returning other additional furloughed employees to work remains a key goal. On behalf of all of Frontier's employees, we are extremely grateful for the vote of confidence our loyal customers have displayed by continuing to fly with Frontier."

Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport, serving 25 cities coast to coast with a fleet of 29 aircraft and employing approximately 2,200 aviation professionals. In June 2001, BusinessWeek ranked Frontier 14^th on its list of Hot Growth Companies and in September 2001, Fortune magazine ranked Frontier 41^st on its 100 Fastest Growing Companies list. Frontier provides capacity and other data and industry comparisons on its Web site, which may be viewed at www.frontierairlines.com.

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: 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, 2001; the Company’s Form 10-Q for the quarter ended June 30, 2001; the Company’s Form 8-K filed May 7, 2001 and the Company’s Form 8-K filed January 22, 2001, as amended by the Company’s Form 8-K/A filed July 11, 2001.