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Frontier Airlines Reports Preliminary Traffic for June 2008

July 7, 2008

DENVER, July 7 /PRNewswire-FirstCall/ — Frontier Airlines Holdings, Inc. (BULLETIN BOARD: FRNTQ) today announced preliminary traffic results for June 2008 for both Frontier’s mainline operation as well as its wholly owned subsidiary, Lynx Aviation. Lynx Aviation commenced revenue service in December 2007. As such, only the current month, quarter-to-date and calendar year-to-date are presented for Lynx Aviation in the text and table below.

Mainline Results

Mainline revenue passenger miles decreased 1.1 percent to 925,912,000 for June 2008 from the same period last year. Available seat miles decreased 1.3 percent to 1,061,901,000 for June 2008 from the same period last year. This resulted in a load factor for June 2008 of 87.2 percent, an increase of .2 points from June 2007, when the airline reported a load factor of 87.0 percent. The airline carried 1,002,329 passengers during June 2008, a 1.8 percent increase from June 2007. The airline reported passenger yield of 11.71 cents for the month of June 2008, an increase of 1.8 percent from the same period last year. The airline reported revenue per available seat mile (RASM) of 10.21 cents, up .20 cents or 2.0 percent from June 2007. For the month of June 2008, the airline’s average length of haul decreased 2.8 percent to 924 miles, compared to the same period last year.

Lynx Aviation Results

For June 2008, Lynx Aviation reported revenue passenger miles of 33,304,000 and available seat miles of 48,745,000, respectively. This resulted in a load factor for June 2008 of 68.3 percent. Lynx Aviation carried 96,947 passengers during June 2008, generating passenger yield of 23.44 cents. Lynx Aviation passenger revenue per available seat mile was 16.02 cents and its average length of haul was 344 miles for June 2008.

The following tables represent comparisons for the month of June year-over-year, quarter-to-date year-over-year and calendar year-to-date, year-over-year traffic results for Frontier’s mainline operations and for Frontier Airlines Holding’s, Inc. wholly owned subsidiary, Lynx Aviation.

                                                         Increase/                            June 2008      June 2007     (Decrease)   Percent   Available Seat Miles   1,061,901,000  1,076,255,000  (14,354,000)   (1.3%)   Revenue Passenger    Miles                  925,912,000    936,492,000   (10,580,000)   (1.1%)   Load Factor                87.2%          87.0%        .2 points     N/A   Revenue Passengers    Carried                 1,002,329       984,864         17,465      1.8%   **Passenger Yield    (cents)                   11.71          11.50           0.21       1.8%   **Passenger Revenue    Per Avail. Seat Mile    (cents)                   10.21          10.01           0.20       2.0%   Average Length of    Haul (miles)               924            951            (27)      (2.8%)                               Fiscal       Fiscal                              First        First                             Quarter      Quarter         Increase/                              2009         2008          (Decrease)   Percent   Available Seat Miles   3,184,290,000  3,186,062,000   (1,772,000)   (.06%)   Revenue Passenger    Miles                 2,662,619,000  2,590,906,000   71,713,000     2.8%   Load Factor                83.6%          81.3%       2.3 points     N/A   Revenue Passengers    Carried                 2,830,282      2,722,412      107,870       4.0%   **Passenger Yield    (cents)                   10.55          10.66         (0.11)      (1.0%)   **Passenger Revenue    Per Avail. Seat Mile    (cents)                    8.82           8.67           .15        1.7%   Average Length of    Haul (miles)                941           952            (11)      (1.2%)                            Calendar        Calendar                          Year-to-        Year-to-      Increase/                          Date 2008       Date 2007     (Decrease)    Percent   Available Seat Miles  6,298,717,000  6,123,096,000   175,621,000     2.9%   Revenue Passenger    Miles                5,103,402,000  4,680,095,000   423,307,000     9.0%   Load Factor               81.0%           76.4%      4.6 points       N/A   Revenue Passengers    Carried                5,307,060      4,944,936       362,124       7.3%   **Passenger Yield    (cents)                  10.65          10.75           (.10)      (0.9%)   **Passenger Revenue    Per Avail. Seat Mile    (cents)                   8.63           8.22            .41        5.0%   Average Length of    Haul (miles)               962            946             16        1.7%      Lynx Aviation                                                             Increase/                              June 2008        June 2007   (Decrease) Percent   Available Seat Miles    (ASM)                     48,745,000          NA           NA        NA   Revenue Passenger    Miles                     33,304,000          NA           NA        NA   Load Factor                   68.3%            NA           NA        NA   Revenue Passengers                             NA           NA        NA    Carried                     96,947   **Passenger Yield                              NA           NA        NA    (cents)                      23.44   **Passenger Revenue                            NA           NA        NA    Per ASM (cents)              16.02   Average Length of Haul         344             NA           NA        NA                              Fiscal            Fiscal                              First             First                             Quarter           Quarter      Increase/                               2009              2008      (Decrease) Percent   Available Seat Miles     132,708,000           NA           NA        NA   Revenue Passenger    Miles                    82,124,000           NA           NA        NA   Load Factor                 61.9%              NA           NA        NA   Revenue Passengers                             NA           NA        NA    Carried                   235,167   **Passenger Yield                              NA           NA        NA    (cents)                    21.89   **Passenger Revenue                            NA           NA        NA    Per ASM (cents)            13.55   Average Length of Haul       349               NA           NA        NA                              Calendar          Calendar                             Year-to-          Year-to-     Increase/                             Date 2008         Date 2007   (Decrease) Percent   Available Seat Miles     280,933,000           NA           NA        NA   Revenue Passenger    Miles                   171,679,000           NA           NA        NA   Load Factor                 61.1%              NA           NA        NA   Revenue Passengers                             NA           NA        NA    Carried                   437,619   **Passenger Yield    (cents)                    19.98              NA           NA        NA   **Passenger Revenue                            NA           NA        NA    Per ASM (cents)            12.21   Average Length of Haul       392               NA           NA        NA    Frontier's fiscal year begins April 1 and ends March 31.   

Statistics are for Frontier mainline service only (does not include Frontier JetExpress).

** Passenger yield and passenger revenue per available seat mile is calculated from revenue derived only from the revenue passengers reported in this press release.

About Frontier Airlines Holdings, Inc.

Frontier Airlines Holdings, Inc. is the parent company of Denver-based Frontier Airlines. Currently in its 14th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 6,000 aviation professionals. Frontier Airlines’ mainline operation has 60 aircraft with one of the youngest Airbus fleets in North America. Frontier Airlines’ mainline operations offer 24 channels of DIRECTV(R) service in every seatback along with a comfortable all-coach configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes to more than 50 destinations in the U.S., Mexico, Canada and Costa Rica. In November 2006, Frontier and AirTran announced a first-of-its-kind integrated marketing partnership that offers travelers the ability to reach more than 80 destinations across four countries with low fares, aboard two of the youngest fleets in the industry. For more in-depth information on Frontier Airlines, please visit its Web site at FrontierAirlines.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Statements contained in this press release that are not historical facts may be forward-looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could result in actual results differing materially from expected results and represent the Company’s expectations and beliefs concerning future events based on information available to the Company as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release. Additional information regarding risk factors that may affect future performance at the Company are contained in the Company’s SEC filings, including without limitation, the Company’s Form 10-K for its fiscal year ended March 31, 2008.

Frontier Airlines Holdings, Inc.

CONTACT: Corporate Communications of Frontier Airlines, +1-720-374-4560media@flyfrontier.com

Web site: http://www.frontierairlines.com/




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