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Sep 4, 2001
Frontier Airlines Matches Industry Cap on Travel Agent Commissions
DENVER (Sept. 4, 2001) - Frontier Airlines (Nasdaq: FRNT ) today announced it will implement a new travel agency commission cap structure, effective at 12:01 a.m. (MDT) on Sept. 5, 2001. Previously, the airline did not cap its travel agency commissions. Tickets issued by non-online travel agencies based in the U.S. (including Puerto Rico and the U.S Virgin Islands), Canada and Mexico will continue to earn a five percent base commission, but will now have a maximum commission payment of $20 for round-trip travel and $10 for one-way travel. Tickets booked on the airline's Web site will also continue to earn a five percent base commission, but will now have a maximum commission payment of $10 for round-trip and $5 for one-way travel.
"While we value the travel agent community, we know that in order to remain competitive, we must ensure that we are not incurring additional costs that our competitors have reduced," explained Vice President of Marketing and Planning Sean Menke.
Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport, serving 23 cities coast to coast with a fleet of 27 aircraft and employing approximately 2,500 aviation professionals. In June 2001, BusinessWeek ranked Frontier 14th on its list of Hot Growth Companies and in September 2001, Fortune magazine ranked Frontier 41st 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.