Great Lakes Aviation, Ltd. Reports February 2012 Traffic

CHEYENNE, Wyo., March 7, 2012 /PRNewswire/ — Great Lakes Aviation, Ltd. (OTC Bulletin Board: GLUX.OB) today announced preliminary passenger traffic results for the month of February 2012.

                       FEBRUARY 2012 AND YEAR TO DATE STATISTICS

                Feb-12                   Feb-11                   Change
     Passengers
     Enplaned                    40,295                   35,910          12.2 %
     Revenue
     Passenger
     Miles
     (000)                       13,112                   11,103          18.1 %
     Available
     Seat
     Miles
     (000)                       29,928                   28,217           6.1 %
    Load
     Factor                        43.8%                    39.4% 4.4 pts
    RASM
     (cents)                      31.81                    31.50           1.0 %

                YTD 2012                 YTD 2011                 Change
     Passengers
     Enplaned                    81,313                   73,556          10.5 %
     Revenue
     Passenger
     Miles
     (000)                       26,413                   22,792          15.9 %
     Available
     Seat
     Miles
     (000)                       61,842                   60,579           2.1 %
    Load
     Factor                        42.7%                    37.6% 5.1 pts
    RASM
     (cents)                      31.58                    30.48           3.6 %

Great Lakes is providing scheduled passenger service at 44 airports in twelve states with a fleet of Embraer EMB-120 Brasilias and Beechcraft 1900D regional airliners. Additional information is available at http://www.flygreatlakes.com/ including a current route map at http://www.flygreatlakes.com/route_map/route_map.htm.

All scheduled flights are operated under the Great Lakes Airlines marketing identity in conjunction with code-share agreements with United Airlines and/or Frontier Airlines at our Albuquerque, Denver, Los Angeles and Phoenix hubs. Great Lakes Airlines also serves Devils Lake, ND to Minneapolis, MN.

    Contact:                 Michael Matthews, VP Finance/CFO
                             (307) 432-7000

SOURCE Great Lakes Aviation, Ltd.