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Feb 26, 2001
Frontier Airlines Announces Fourth Fiscal Quarter Earnings Estimate
DENVER (Feb. 26, 2001) - Frontier Airlines (Nasdaq: FRNT ) ) today announced that it expects its earnings per share for its fourth fiscal quarter ending March 31, 2001 to fall within the range of $0.38 and $0.48 per fully diluted share, as compared to $0.36 per fully diluted share for the same period last year. This expectation is before giving effect to a 3-for-2 split of the company's common stock, payable March 5, 2001 in the form of a 50 percent stock dividend to shareholders of record on Feb. 19, 2001. The airline also reported total revenue per available seat mile (RASM) of 9.22 cents for the month of January 2001. The airline's operating cost per available seat mile (CASM) for the same period was 9.02 cents.
Frontier provides capacity and other data and industry comparisons on its Web site, which may be viewed at http://www.frontierairlines.com . The historical information, earnings estimates and other projections contained herein and on the airline's Web site speak only as of Feb. 26, 2001 and are not being made as of any later date, unless noted. Shareholders and other interested parties are advised to check the airline's Web site for updated information. The historical information is subject to review and adjustment, and earnings estimates and other projected information are subject to review and adjustment and all the risks and uncertainties associated with projections. Actual results may differ materially. See the cautionary language below.
All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe, intend or anticipate will or may occur in the future, are forward-looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "may," "estimate," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, could differ materially from those set forth in or contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed in "Risk Factors" in our Form 10-K for the year ended March 31, 2000 and other Company filings with the Securities and Exchange Commission.