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May 20, 2004

Frontier Airlines Reports Preliminary Traffic for May 2004


DENVER (June 7, 2004) - Frontier Airlines (Nasdaq: FRNT) today announced preliminary traffic results for May 2004. Revenue passenger miles (RPMs) increased 33.8 percent to 486,935,000 for May 2004 from the same period last year. Available seat miles (ASMs) increased 32.7 percent to 742,827,000 for May 2004 from the same period last year. This resulted in a load factor for May 2004 of 65.6 percent, an increase of 0.6 points from May 2003, when the airline reported a load factor of 65.0 percent. The airline carried 495,000 passengers during May 2004, a 24.2 percent increase from May 2003. The airline reported passenger yield of 10.15 cents for the month of May 2004, a decrease of 10.9 percent from the same period last year. Its passenger Revenue per Available Seat Mile (RASM) was 6.65 cents, down .76 cents or 10.3 percent from May 2003.

The following table represents comparisons for the month of May, fiscal year-over-year and calendar year-over-year traffic results.

May 2004
May 2003
Increase/Decrease
Percent
Available Seat Miles
742,827,000
559,615,000
183,212,000
32.7%
Revenue Passenger Miles
486,935,000
363,931,000
123,004,000
33.8%
Load Factor
65.6%
65.0%
0.6 points
N/A
Revenue Passengers Carried
495,000
398,504
96,496
24.2%
**Passenger Yield (cents)
10.15
11.39
(1.24)
(10.9%)
**Passenger Revenue Per Avail. Seat Mile (cents)
6.65
7.41
(.76)
(10.3%)
>

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