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May 26, 1999Frontier Airlines Moves Up to NASDAQ's National MarketDENVER (May 26, 1999) - Frontier Airlines (Nasdaq: FRNT ) today announced it has received authorization for listing on the Nasdaq National Market®, effective immediately. The airline's stock was previously traded on the Nasdaq SmallCap MarketSM, a smaller capitalization tier of Nasdaq. Frontier's stock will continue to trade under the "FRNT" ticker symbol. Companies receiving National Market Listing authorization must meet minimum requirements in such areas as net tangible assets, market capitalization, public float, number of shareholders and corporate governance. "Today's announcement is another step forward in creating a strong capital structure and adequate investment liquidity for Frontier's shareholders, and reflects our company's continuing maturity" said Frontier President Sam Addoms. 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 flier mileage points in Continental Airlines' OnePass® program. Effective June 14, the airline will serve 20 cities coast to coast with a fleet of 19 Boeing 737 jets. The airline currently employs approximately 1,600 travel professionals. Frontier was recently named "Best Domestic Low-Fare Air Carrier" by Entrepreneur magazine in the publication's sixth annual Business Travel Awards. 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. |
