UPDATE: Frontier Airlines Reports Preliminary Traffic for February 2008

DENVER, March 6 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (NASDAQ:FRNT) today announced preliminary traffic results for February 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 for the current year are presented for Lynx Aviation in the text and table below.

Mainline Results

Mainline revenue passenger miles increased 18.1 percent to 744,762,000 for February 2008 from the same period last year. Mainline available seat miles increased 7.5 percent to 957,589,000 for February 2008 from the same period last year. This resulted in a mainline load factor for February 2008 of 77.8 percent, an increase of 7.0 points from February 2007, when the airline reported a mainline load factor of 70.8 percent. The airline carried 760,816 mainline passengers during February 2008, a 12.1 percent increase from February 2007. The airline reported mainline passenger yield of 9.95 cents for the month of February 2008, a decrease of .40 cents or 3.9% from February 2007. Its mainline passenger revenue per available seat mile was 7.74 cents, up .41 cents or 5.6 percent from February 2007. For the month of February 2008, the airline's mainline average length of haul increased 5.4 percent to 979 miles as compared to the same period last year.

Lynx Aviation Results

For February 2008, Lynx Aviation reported revenue passenger miles of 27,680,000 and available seat miles of 47,549,000. This resulted in a load factor for February 2008 of 58.2 percent. Lynx Aviation carried 62,736 passengers during February 2008, generating passenger yield of 16.96 cents. Lynx Aviation passenger revenue per available seat mile was 9.87 cents its average length of haul was 441 miles for February 2008.

The following tables represent comparisons for the month of February year-over-year, fiscal 2008 year-to-date, and calendar 2008 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.

Frontier Mainline

February 2008 February 2007 Increase/ Percent
(Decrease)
Available Seat
Miles (ASM) 957,589,000 891,004,000 66,585,000 7.5%
Revenue Passenger
Miles 744,762,000 630,592,000 114,170,000 18.1%
Load Factor 77.8% 70.8% 7.0 points N/A
Revenue Passengers
Carried 760,816 678,441 82,375 12.1%
**Passenger Yield
(cents) 9.95 10.35 (.40) (3.9%)
**Passenger Revenue
Per ASM (cents) 7.74 7.33 .41 5.6%
Average Length of Haul 979 929 50 5.4%

Fiscal Year- Fiscal Year- Increase/ Percent
to-Date to-Date (Decrease)
2008 2007
Available Seat
Miles 11,549,079,000 10,241,237,000 1,307,842,000 12.8%
Revenue
Passenger Miles 9,232,851,000 7,711,242,000 1,521,609,000 19.7%
Load Factor 79.9% 75.3% 4.6 points N/A
Revenue Passengers
Carried 9,668,505 8,274,153 1,394,352 16.9%
**Passenger Yield
(cents) 10.73 10.91 (.18) (1.6%)
**Passenger Revenue
Per ASM (cents) 8.57 8.22 .35 4.3%
Average Length of
Haul 955 932 23 2.5%

Calendar Calendar Increase/ Percent
Year-to- Year-to- (Decrease)
Date 2008 Date 2007

Available Seat
Miles 1,997,190,000 1,868,201,000 128,989,000 6.9%
Revenue Passenger
Miles 1,498,414,000 1,267,854,000 230,560,000 18.2%
Load Factor 75.0% 67.9% 7.1 points N/A
Revenue Passengers
Carried 1,523,700 1,356,520 167,180 12.3%
**Passenger Yield
(cents) 10.12 10.30 (.18) (1.7%)
**Passenger Revenue
Per ASM (cents) 7.59 6.99 .60 8.6%
Average Length of
Haul 983 935 48 5.1%

Lynx Aviation

February February Increase/ Percent
2008 2007 (Decrease)
Available Seat Miles
(ASM) 47,549,000 NA NA NA
Revenue Passenger
Miles 27,680,000 NA NA NA
Load Factor 58.2% NA NA NA
Revenue Passengers
Carried 62,736 NA NA NA
**Passenger Yield
(cents) 16.96 NA NA NA
**Passenger Revenue
Per ASM (cents) 9.87 NA NA NA
Average Length of
Haul 441 NA NA NA

Fiscal Year- Fiscal Year- Increase/ Percent
to-Date to-Date (Decrease)
2008 2007
Available Seat
Miles 115,639,000 NA NA NA
Revenue Passenger
Miles 64,864,000 NA NA NA
Load Factor 56.1% NA NA NA
Revenue Passengers
Carried 146,987 NA NA NA
**Passenger Yield
(cents) 17.82 NA NA NA
**Passenger Revenue
Per ASM (cents) 10.00 NA NA NA
Average Length of
Haul 441 NA NA NA

Calendar Calendar Increase/ Percent
Year-to- Year-to- (Decrease)
Date Date
2008 2007
Available Seat
Miles 94,143,000 NA NA NA
Revenue Passenger
Miles 51,223,000 NA NA NA
Load Factor 54.4% NA NA NA
Revenue Passengers
Carried 115,858 NA NA NA
**Passenger Yield
(cents) 17.38 NA NA NA
**Passenger Revenue
Per ASM (cents) 9.46 NA NA NA
Average Length of
Haul 442 NA NA NA

*Frontier's fiscal year begins April 1 and ends March 31.
**Passenger yield and passenger revenue per available seat mile are
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 Airline's mainline operation has 62 aircraft with one of the youngest Airbus fleets in North America. Frontier Airline's mainline operations offers 24 channels of DIRECTV(R) service in every seatback along with a comfortable all coach configuration. In conjunction with its regional jet fleet, operated by Republic Airlines, and a fleet of ten Bombardier Q-400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes linking its Denver hub to 70 destinations, including 62 U.S. cities in 36 states spanning the nation from coast to coast; six cities in Mexico; and one in 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, 2007.

First Call Analyst:
FCMN Contact:

Source: Frontier Airlines Holdings, Inc.

CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
jhodas@flyfrontier.com

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

2008-03-06 20:13:38 0306941 PRNEWSWIRE