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Jan 16, 2001
Frontier Airlines Issues Statement of Support for U.S. DOT "Predatory Practices" Reports
DENVER (Jan. 16, 2001) - Frontier Airlines (Nasdaq: FRNT ) today issued the following statement regarding reports that were issued by the U.S. Department of Transportation, including "Predatory Practices in the U.S. Airline Industry," which was authored by Professors Clinton Oster and John Strong:
"We applaud today's formal acknowledgement that predatory activities have occurred, and if conditions stay as they are today, could continue to occur within our industry," said Frontier President Sam Addoms. "We are gratified that a significant amount of research and analysis, led by two highly regarded scholars, has affirmed Frontier's position on predatory practices. Of particular interest is that the report cites a longer-term approach to defining predatory practices, including combining current cost/price tests with long-run market outcome tests in order to develop a more comprehensive evaluation that could be applied specifically to this industry when developing competitive guidelines. Because Frontier was founded on the principles of competition and choice, we will continue to support future undertakings that promote these two principles, and we will continue to aggressively pursue the opportunity to provide additional affordable service for consumers in the markets we serve."
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