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Jan 20, 1999
Frontier Airlines and EDS Announce Enhanced Customer and Airlines Services
DENVER (Jan. 20, 1999) - Denver-based Frontier Airlines (Nasdaq: FRNT ) today announced it has entered into a five-year agreement with EDS (NYSE: EDS) for continuing and enhanced airline customer information services including computerized reservations, passenger processing and telecommunications services. The new services will enable travel agents to offer their clients electronic ticketing on Frontier. In addition, EDS will improve the airline's ability to provide Internet booking capabilities through its SHARESwebSM booking engine and increase Frontier's ability to offer special fares and programs to customers who use the site to book airline travel. In order to utilize these services, the airline is upgrading their participation level in some of the four major computer reservation systems accessed by travel agents throughout the world.
"Frontier is well positioned to be very responsive to emerging consumer distribution avenues, such as the Internet, and to grow by being well connected to their travel agents and customers," said EDS Transportation's Vice President of Travel Services Bill Richard. "EDS appreciates the confidence Frontier has shown in its services by renewing and expanding upon our long-term relationship. EDS looks forward to helping Frontier Airlines achieve their strategic priorities."
"EDS is a world-class corporation and we are extremely pleased to continue our successful alliance that began with Frontier's inception in 1994. This alliance provides us with an extremely proficient technology provider as well as a strategic business partner," said Frontier's Vice President of Marketing Jeff Potter. "We anticipate our agreement with EDS will allow Frontier to realize significant benefits on both the revenue and cost sides of our business. These enhancements include increased revenues realized through improved and expanded travel agency e-ticket capabilities, which we anticipate will be in place during the first half of 1999, and more efficient on-line booking capabilities through SHARESwebSM Services. Both of these programs are strategic priorities for Frontier during 1999. In addition, we expect to further decrease the airline's distribution costs through volume efficiencies based on Frontier's future growth."
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. The airline currently serves 19 cities coast to coast with a fleet of 17 Boeing 737 jets and employs approximately 1,200 travel professionals. Frontier's website may be viewed at http://www.frontierairlines.com .
EDS has been a leader in the global information services industry for over 35 years. The company delivers systems and technology expertise, management consulting, business process management and electronic business leadership. EDS, which reported revenues of $15.2 billion in 1997, offers solutions to improve the performance of more than 9,000 business and government clients in about 50 countries. The company's stock is traded on the New York Stock Exchange (NYSE:EDS) and the London Stock Exchange. Visit EDS via the Internet at http://www.eds.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.