Frontier Airlines Reports Record Preliminary Traffic for November 2007

DENVER, Dec. 5 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq: FRNT) today announced preliminary traffic results for November 2007. Revenue passenger miles increased 22.5 percent to 788,821,000 for November 2007 from the same period last year. Available seat miles (ASMs) increased 14.1 percent to 1,009,512,000 for November 2007 from the same period last year. This resulted in a load factor for November 2007 of 78.1 percent, an increase of 5.3 points from November 2006, when the airline reported a load factor of 72.8 percent. The airline carried 832,269 passengers during November 2007, an 18.2 percent increase from November 2006. The airline reported passenger yield of 11.14 cents for the month of November 2007, a decrease of 3.0 percent from the same period last year. Its passenger revenue per available seat mile was 8.71 cents, up 0.35 cents or 4.2 percent from November 2006. For the month of November 2007, the airline's average length of haul increased 3.7 percent to 948 miles as compared to the same period last year.

"In contrast to encouraging year over year unit revenue improvements for November and October, the cost of jet fuel has climbed 18 percent since October when we last provided an earnings estimate for the December quarter," said Sean Menke, Frontier President and CEO. "Even though we are 40 percent hedged in the December quarter with crude oil derivatives, our current estimate of the price of fuel for the December quarter of $2.53 is a 17.7 percent year over year increase. In light of this significant increase to our operating costs, we are revising our previous guidance and we now anticipate a pre-tax loss for the December quarter in the range of $.58 - $.68 cents per share excluding special items.

"Due to the extreme cost environment we are faced with, we have elected to make several decisions to position the airline for long term viability. Specifically, employees were notified today that we have reduced our indirect labor workforce by ten percent, which we estimate will save Frontier approximately $5.0 million on an annualized basis. In addition, we intend to reduce our mainline year over year ASM growth for the March quarter from 13.7 percent to 8.6 percent. We are also evaluating our fleet size and future aircraft deliveries to ensure the fleet is 'right-sized' to endure this difficult cost environment."

The following table represents mainline comparisons for the month of November year-over-year, calendar 2007 year-over-year and fiscal 2008 year-over-year traffic results.

                              November       November     Increase/
                                2007           2006       (Decrease)  Percent

    Available Seat Miles
     (ASM)                 1,009,512,000    884,664,000   124,848,000  14.1%
    Revenue Passenger Miles  788,821,000    643,885,000   144,936,000  22.5%
    Load Factor                     78.1%          72.8%   5.3 points   N/A
    Revenue Passengers
     Carried                     832,269        704,367       127,902  18.2%
    **Passenger Yield (cents)      11.14          11.49         (0.35) (3.0%)
    **Passenger Revenue
     Per ASM (cents)                8.71           8.36          0.35   4.2%
    Average Length of
     Haul                            948            914            34   3.7%

                             Calendar       Calendar     Increase/
                           Year-to-Date   Year-to-Date   (Decrease)   Percent
                               2007          2006

    Available Seat Miles  11,389,367,000 10,043,182,000 1,346,185,000  13.4%
    Revenue Passenger
     Miles                 9,024,872,000  7,718,402,000 1,306,470,000  16.9%
    Load Factor                     79.2%          76.9%  2.3 points    N/A
    Revenue Passengers
     Carried                   9,558,564      8,258,307     1,300,257  15.7%
    **Passenger Yield (cents)      10.79          10.93         (0.14) (1.3%)
    **Passenger Revenue
     Per ASM (cents)                8.55           8.40          0.15   1.8%
    Average Length of
     Haul                            944            935             9   1.0%

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

    Available Seat Miles   8,452,333,000  7,483,663,000   968,670,000  12.9%
    Revenue Passenger
     Miles                 6,935,683,000  5,836,665,000 1,099,018,000  18.8%
    Load Factor                     82.1%          78.0%   4.1 points   N/A
    Revenue Passengers
     Carried                   7,336,040      6,278,420     1,057,620  16.8%
    **Passenger Yield (cents)      10.76          11.00         (0.24) (2.2%)
    **Passenger Revenue
     Per ASM (cents)                8.83           8.58          0.25   2.9%
    Average Length of
     Haul                            945            930            15   1.6%


    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 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. With 60 aircraft and one of the youngest Airbus fleets in North America, Frontier offers 24 channels of DIRECTV(R) service in every seatback along with 33 inches of legroom in an all coach configuration. In conjunction with its regional jet fleet, operated by Horizon and Republic Airlines, Frontier offers routes linking its Denver hub to 63 destinations, including 53 U.S. cities in 32 states spanning the nation from coast to coast, seven cities in Mexico, two cities 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. In December 2006, Frontier was designated "Best Low Cost Carrier" in the U.S. by the readers of Business Traveler magazine. Frontier's maintenance department has received the Federal Aviation Administration (FAA) Diamond Award recognizing its advanced training standards for eight consecutive years, from 1999 to 2006. For more in-depth information on Frontier Airlines, please visit its Web site at http://www.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.