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Jul 5, 2001

Frontier Airlines Celebrates Seven Years of Service


DENVER (July 5, 2001) - Frontier Airlines (Nasdaq: FRNT) today celebrates seven years of operations. Decorated ticket counters and gates at the airline's Denver hub will greet passengers as Frontier employees continue the airline's tradition of serving customers homemade cookies as they prepare to board flights. In addition, passengers on Frontier flights will receive commemorative postcards.

"Frontier has seen tremendous growth and challenges this year with the arrival of our first owned Airbus A319, the successful introduction of EarlyReturns, our frequent flyer program, and the addition of two new destinations to our route map, Ronald Reagan National Airport in Washington DC and Houston's Bush Intercontinental Airport," said Frontier President Sam Addoms. "We wouldn't have made it this far without the dedication and hard work of all Frontier employees, who should be very proud of their accomplishments this year, and throughout Frontier's history. We look forward to serving many more customers and celebrating many more birthdays to come."

Listed below are comparisons between the airline's operation in 1994 and 2001.

1994 2001
Employees 180 2,550
Passengers Carried Carried 398,767 passengers during its first 12 months of operation Carried 3.1 million passengers during the most recent 12 months of reported operations (June 00-May 01)
Markets Served Four 23, plus the airline's FreeWay Flyer shuttle service to Boulder and Broomfield, CO.
Fleet Two Boeing 737 aircraft 27 aircraft (seven Boeing 737-200s, 18 Boeing 737-300s and two Airbus A319s)
Revenues First fiscal year ended March 31, 1995: operating revenues totaled $24.6 million Seventh fiscal year ended March 31, 2001: operating revenues totaled $472.9 million
Net Profit (Loss) Net loss of $8.0 million Net profit of $54.9 million
Stock Performance Initial public offering of 2.7 million shares of common stock priced at $6.38 (shares and value adjusted for 2/3 stock split effective Feb. 19, 2001) Outstanding shares of common stock approximately 28.3 million; closing price as of 7/2/01 was $12.85
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