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Frontier Airlines Reports Preliminary Traffic for November 2008

December 4, 2008

DENVER, Dec. 4 /PRNewswire-FirstCall/ — Frontier Airlines Holdings, Inc.
(OTC Bulletin Board: FRNTQ) today announced preliminary traffic results for
November 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, fiscal year-to-date and
calendar year-to-date are presented for Lynx Aviation in the text and table
below.

Mainline Results for November 2008:

— Frontier Airlines reported a load factor of 78.5 percent, an increase
of 0.4 points over November 2007.

— Revenue passenger miles decreased 14.9 percent to 671,655,000 and
available seat miles were down 15.2 percent to 855,572,000 from the same
period last year.

— Passenger yield was 10.75 cents, a 3.5 percent decrease from the same
period last year.

— The airline carried 756,435 passengers, a 9.1 percent decrease from
November 2007.

— Passenger revenue per available seat mile was 8.44 cents, down 0.27
cents
or 3.1 percent from November 2007.

— The airline’s average length of haul decreased 6.3 percent to 888
miles, compared to the same period last year.

Lynx Aviation Results for November 2008:

— Lynx Aviation reported revenue passenger miles of 26,291,000 and
available seat miles of 49,064,000. This resulted in a load factor for
November 2008 of 53.6 percent.

— Lynx Aviation carried 70,933 passengers, with a passenger yield of
21.01 cents.

— Passenger revenue per available seat mile was 11.26 cents, with an
average length of haul of 371 miles.

The following tables represent comparisons for the month of November year-
over-year, fiscal year-to-date, and calendar year-to-date traffic results for
Frontier’s mainline operations and for Lynx Aviation.


    Mainline
                             November        November      Increase/   Percent
                               2008            2007       (Decrease)
    Available Seat Miles    855,572,000   1,009,512,000  (153,940,000) (15.2%)
    Revenue Passenger
     Miles                  671,655,000     788,821,000  (117,166,000) (14.9%)
    Load Factor                   78.5%           78.1%    0.4 points      NA
    Revenue Passengers
     Carried                    756,435         832,269       (75,834)  (9.1%)
    **Passenger Yield
       (cents)                    10.75           11.14         (0.39)  (3.5%)
    **Passenger Revenue
       Per Avail. Seat Mile
       (cents)                     8.44            8.71         (0.27)  (3.1%)
    Average Length of Haul          888             948           (60)  (6.3%)

                              Fiscal          Fiscal       Increase/   Percent
                           Year-to-Date    Year-to-Date   (Decrease)
                               2009            2008
    Available Seat Miles  7,956,168,000   8,452,333,000  (496,165,000)  (5.9%)
    Revenue Passenger
     Miles                6,675,407,000   6,935,683,000  (260,276,000)  (3.8%)
    Load Factor                   83.9%           82.1%    1.8 points      NA
    Revenue Passengers
     Carried                  7,301,446       7,336,040       (34,594)  (0.5%)
    **Passenger Yield
       (cents)                    10.90           10.76          0.14    1.3%
    **Passenger Revenue
       Per Avail. Seat Mile
       (cents)                     9.15            8.83          0.32    3.6%
    Average Length of Haul          914             945           (31)  (3.3%)

                            Calendar        Calendar       Increase/   Percent
                          Year-to-Date    Year-to-Date    (Decrease)
                              2008           2007
    Available Seat Miles 11,070,595,000  11,389,367,000  (318,772,000)  (2.8%)
    Revenue Passenger
     Miles                9,116,190,000   9,024,872,000    91,318,000    1.0%
    Load Factor                   82.3%           79.2%    3.1 points      NA
    Revenue Passengers
     Carried                  9,778,224       9,558,564       219,660    2.3%
    **Passenger Yield
       (cents)                    10.90           10.79          0.11    1.0%
    **Passenger Revenue Per
       Avail. Seat Mile
       (cents)                     8.95            8.55           0.4    4.7%
    Average Length of Haul          932             944           (12)  (1.3%)

    Lynx Aviation
                              November         November     Increase/  Percent
                               2008              2007      (Decrease)
    Available Seat Miles
     (ASM)                   49,064,000              NA            NA      NA
    Revenue Passenger
     Miles                   26,291,000              NA            NA      NA
    Load Factor                   53.6%              NA            NA      NA
    Revenue Passengers
     Carried                     70,933              NA            NA      NA
    **Passenger Yield (cents)     21.01              NA            NA      NA
    **Passenger Revenue Per
       ASM (cents)                11.26              NA            NA      NA
    Average Length of Haul          371              NA            NA      NA

                              Fiscal          Fiscal       Increase/   Percent
                           Year-to-Date    Year-to-Date   (Decrease)
                               2009           2008
    Available Seat Miles    390,413,000              NA            NA      NA
    Revenue Passenger
     Miles                  243,723,000              NA            NA      NA
    Load Factor                   62.4%              NA            NA      NA
    Revenue Passengers
     Carried                    694,756              NA            NA      NA
    **Passenger Yield
       (cents)                    22.17              NA            NA      NA
    **Passenger Revenue Per
       ASM (cents)                13.84              NA            NA      NA
    Average Length of Haul          351              NA            NA      NA

                             Calendar        Calendar      Increase/   Percent
                           Year-to-Date    Year-to-Date   (Decrease)
                               2008            2007
    Available Seat Miles    538,638,000              NA            NA      NA
    Revenue Passenger
     Miles                  333,278,000              NA            NA      NA
    Load Factor                   61.9%              NA            NA      NA
    Revenue Passengers
     Carried                    897,208              NA            NA      NA
    **Passenger Yield (cents)     21.12              NA            NA      NA
    **Passenger Revenue Per
       ASM (cents)                13.07              NA            NA      NA
    Average Length of Haul          371              NA            NA      NA

    Frontier's fiscal year begins April 1 and ends March 31.

**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 15th year of operations, Frontier Airlines
is the second-largest jet service carrier at Denver International Airport,
employing more than 5,000 aviation professionals. Frontier Airlines’ mainline
operation has 54 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.

SOURCE Frontier Airlines Holdings, Inc.


Source: newswire



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