Frontier Airlines Reports Preliminary Traffic for March 2008

Airline Achieves Record Load Factor for March 


DENVER, April 4, 2008  /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (NASDAQ:FRNT) today announced preliminary traffic results for March 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 ended and three months ended March 31, 2008 for the current year are presented for Lynx Aviation in the text and table below.

Mainline Results

Mainline revenue passenger miles increased 14.7 percent to 942,369,000 for March 2008 from the same period last year. Mainline available seat miles increased 4.5 percent to 1,117,237,000 for March 2008 from the same period last year. This resulted in a record mainline load factor for March 2008 of 84.4 percent, an increase of 7.6 points from March 2007, when the airline reported a mainline load factor of 76.8 percent. The airline carried 953,078 mainline passengers during March 2008, a 10.1 percent increase from March 2007. The airline reported mainline passenger yield of 11.81 cents for the month of March 2008, an increase of 0.7 percent from the same period last year. Its mainline passenger revenue per available seat mile was 9.96 cents, up .95 or 10.5 percent from March 2007.

"The results posted for the month of March are reflective of the progressive changes we are making in realigning our network to drive traffic and revenue improvements," said Sean Menke, President and CEO. "Our mainline unit revenue performance for March, as well as the quarter, is the best we have had in over five years. I am extremely proud of the efforts put forth by the Frontier team in establishing record traffic, revenue and load factor for the month."

Lynx Aviation Results

For March 2008, Lynx Aviation reported revenue passenger miles of 38,332,000 and available seat miles of 54,082,000.  This resulted in a load factor for March 2008 of 70.9 percent.  Lynx Aviation carried 86,594 passengers during March 2008, generating passenger yield of 19.38 cents.  Lynx Aviation passenger revenue per available seat mile was 13.74 cents and its average length of haul was 443 miles for March 2008.

The following tables represent comparisons for the month of March year-over-year, fiscal 2008 year ended March 31, 2008, and three months ended March 31, 2008, year-over-year traffic results for Frontier's mainline operations and for Frontier Airlines Holding's, Inc. wholly owned subsidiary, Lynx Aviation.

  Frontier Mainline
                         March 2008     March 2007     Increase      Percent
                                                      /(Decrease)
  Available Seat
   Miles (ASM)        1,117,237,000   1,068,833,000    48,404,000      4.5%
  Revenue Passenger
   Miles                942,369,000     821,335,000   121,034,000     14.7%
  Load Factor                 84.4%           76.8%    7.6 points       N/A
  Revenue Passengers
   Carried                  953,078         866,004        87,074     10.1%
  **Passenger Yield
   (cents)                    11.81           11.72           .09      0.7%
  **Passenger Revenue
   Per ASM (cents)             9.96            9.01           .95     10.5%
  Average Length of Haul        989             948            41      4.3%

                      Three Months     Three Months    Increase      Percent
                      Ended 3/31/08    Ended 3/31/07  /(Decrease)
  Available Seat
   Miles              3,114,427,000   2,937,034,000   177,393,000      6.0%
  Revenue Passenger
   Miles              2,440,783,000   2,089,189,000   351,594,000     16.8%
  Load Factor                 78.4%           71.1%    7.3 points       N/A
  Revenue Passengers
   Carried                2,476,778       2,222,524       254,254     11.4%
  **Passenger Yield
   (cents)                    10.77           10.86         (0.09)    (0.8%)
  **Passenger Revenue
   Per ASM (cents)             8.44            7.73           .71      9.2%
  Average Length of Haul        985             940            45      4.8%

                      Fiscal Year-    Fiscal Year-     Increase      Percent
                      Ended 3/31/08   Ended 3/31/07   /(Decrease)
  Available Seat
   Miles             12,666,316,000  11,310,070,000  1,356,246,000    12.0%
  Revenue Passenger
   Miles             10,175,220,000   8,532,577,000  1,642,643,000    19.3%
  Load Factor                 80.3%           75.4%     4.9 points      N/A
  Revenue Passengers
   Carried               10,621,583       9,140,157      1,481,426    16.2%
  **Passenger Yield
   (cents)                    10.83           10.99           (.16)   (1.5%)
  **Passenger Revenue
   Per ASM (cents)             8.70            8.29            .41     4.9%
  Average Length of Haul        958             934             24     2.6%



  Lynx Aviation
                         March 2008     March 2007      Increase     Percent
                                                       /(Decrease)
  Available Seat
   Miles (ASM)           54,082,000         NA              NA          NA
  Revenue Passenger
   Miles                 38,332,000         NA              NA          NA
  Load Factor                 70.9%         NA              NA          NA
  Revenue Passengers
   Carried                   86,594         NA              NA          NA
  **Passenger Yield
   (cents)                    19.38         NA              NA          NA
  **Passenger Revenue
   Per ASM (cents)            13.74         NA              NA          NA
  Average Length of Haul        443         NA              NA          NA

                        Three Months    Three Months     Increase    Percent
                        Ended 3/31/08  Ended 3/31/07   /(Decrease)

  Available Seat
   Miles                148,225,000         NA              NA          NA
  Revenue Passenger
   Miles                 89,555,000         NA              NA          NA
  Load Factor                 60.4%         NA              NA          NA
  Revenue Passengers
   Carried                  202,452         NA              NA          NA
  **Passenger Yield
   (cents)                    18.23         NA              NA          NA
  **Passenger Revenue
   Per ASM (cents)            11.02         NA              NA          NA
  Average Length of Haul        442         NA              NA          NA

                        Fiscal Year-    Fiscal Year-     Increase    Percent
                        Ended 3/31/08   Ended 3/31/07   /(Decrease)

  Available Seat
   Miles                169,721,000         NA              NA          NA
  Revenue Passenger
   Miles                103,196,000         NA              NA          NA
  Load Factor                 60.8%         NA              NA          NA
  Revenue Passengers
   Carried                  233,581         NA              NA          NA
  **Passenger Yield
   (cents)                    18.40         NA              NA          NA
  **Passenger Revenue
   Per ASM (cents)            11.19         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 mainline 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; one in Canada 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. 

DATASOURCE: Frontier Airlines Holdings, Inc.



CONTACT:  Joe Hodas of Frontier Airlines, [phone],





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

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