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Jan 18, 2001
Frontier Airlines Anticipates Accelerated Growth
DENVER (Jan. 18, 2001) - Frontier Airlines (Nasdaq: FRNT ) today announced its projected capacity growth plan for its fiscal year ended March 31, 2002. The airline plans to increase its fiscal year 2002 capacity, or available seat miles (ASMs), by approximately 23 percent, compared to planned growth for its fiscal year 2001 of approximately 20 percent. In conjunction with today's announcement, the airline updated the "Selected Operating and Financial Data" page on its Web site, which can be accessed at http://www.frontierairlines.com .
"Our accelerated growth plan for fiscal year 2002 is the result of several factors, including the introduction of six new Airbus aircraft into our fleet, which will bring our total fleet to 31 by March 2002," said Chief Financial Officer Steve Warnecke. "We plan to use these additional aircraft to enter new markets during the year, and also to add frequency in several of the markets we currently serve."
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 are as of the date of this release, and on the airline's Web site as of the date shown on the relevant Web site page, 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.
Denver-based Frontier Airlines serves 23 cities coast to coast with a fleet of 25 Boeing 737 jets and employs approximately 2,300 aviation professionals. The airline is the second largest jet service carrier of Denver International Airport with an average of 118 daily systemwide departures and arrivals. Unlike some other airlines, Frontier's low fares do not have a Saturday night stay requirement. In addition, Frontier offers frequent flyer miles in Continental Airlines' OnePass® program. Frontier provides capacity and other data and industry comparisons on its Web site, which may be viewed at http://www.frontierairlines.com .
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 statements 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.