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May 7, 2001
Frontier Airlines Names Tracey Pennington Director of Revenue Accounting
DENVER (May 7, 2001) - Frontier Airlines (Nasdaq: FRNT ) today named Tracey Pennington as director, revenue accounting, effective immediately. In her new position, Pennington, 42, will oversee the development of Frontier's internal revenue accounting department, which will process all of the airline's ticket and revenue transactions and will be comprised of approximately 20 employees. The airline currently outsources its revenue accounting processes. Pennington will report directly to Vice President and Controller Elissa Potucek.
"Frontier has experienced tremendous growth and it became apparent that in order to manage that growth and better control our costs, we needed to bring the revenue accounting function in-house," said Potucek. "Tracey's accounting background, coupled with her experience involving the unique aspects of airline revenue accounting, make her a great fit for the challenge of bringing this department in-house and we look forward to her contributions to developing the department."
Before joining Frontier, Pennington served as manager, sales audit and accounts receivable with Phoenix, Ariz.-based America West Airlines. During her 17-year aviation and accounting career, Pennington has held a variety of managerial accounting positions with America West, including manager, cargo accounting and systems; manager, accounts receivable and credit & collections and supervisor, passenger and cargo sales. Pennington received her bachelor of arts degree in business economics from the University of California, Santa Barbara in 1982.
Denver-based Frontier Airlines serves 22 cities coast to coast with a fleet of 25 Boeing 737 jets and employs approximately 2,400 aviation professionals. The airline is the second largest jet service carrier of Denver International Airport with an average of 112 daily systemwide departures and arrivals. Frontier Airlines recently introduced its own frequent flyer program, EarlyReturns, which offers one of the fastest return programs in the industry. In 2000, Zagat's Airline Survey ranked Frontier Airlines as one of the top ten domestic air carriers based on comfort, service and food. In 1999 and 2000, Frontier's maintenance and engineering department received the Federal Aviation Administration's highest award, the Diamond Certificate of Excellence, with 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs. Frontier provides capacity and other data and industry comparisons on its Web site, which may be viewed at http://www.frontierairlines.com .