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Jul 13, 1999
Frontier Airlines Added to Russell 2000â Index
DENVER (July 13, 1999) - Frontier Airlines (Nasdaq: FRNT ) today announced that it has been added to the Russell 2000â Index of small-capitalization stocks, effective July 1, 1999. The airline's inclusion is a result of Frank Russell Company's annual reconstitution of its U.S. equity indexes.
"We believe our inclusion in the Russell 2000â index may help communicate Frontier's achievements and future potential to both current and potential investors," said Frontier President Sam Addoms.
The Russell indexes capture the 3,000 largest U.S. stocks as of the end of May and then rank the stocks by total market capitalization, creating the Russell 3000â Index. The largest companies in the rankings are classified in the Russell 1000â Index, while the remaining 2,000 companies comprise the Russell 2000â Index. The Russell indexes allow investors to track current and historical market value performance by specific market segment (large cap/small cap) or investment style (growth/value). Membership in the Russell indexes is determined strictly by market capitalization rankings and style attributes. The index membership is effective on July 1 and remains in place for one year. The rebalanced lists are currently available on Frank Russell Company's Web site ( http://www.russell.com ).
Denver-based Frontier Airlines commenced operations on July 5, 1994. Unlike 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. The airline currently serves 20 cities coast to coast with a fleet of 19 Boeing 737 jets and employs approximately 1,700 travel professionals. Frontier was recently named "Best Domestic Low-Fare Air Carrier" by Entrepreneur magazine in the publication's sixth annual Business Travel Awards. The airline was recently recognized at the Ernst & Young Entrepreneur of the Year awards ceremony when its president received the Entrepreneur of the Year award in the services sector. Frontier's Web site may be viewed at http://www.frontierairlines.com .
Statements contained in this press release which are not historical facts are forward-looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.