Frontier Airlines Reports Preliminary Traffic for December 2007

DENVER, Jan. 7 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq: FRNT) today announced preliminary traffic results for December 2007. Revenue passenger miles increased 31.7 percent to 798,754,000 for December 2007 from the same period last year. Available seat miles increased 23.6 percent to 1,099,556,000 for December 2007 from the same period last year. This resulted in a load factor for December 2007 of 72.6 percent, an increase of 4.4 points from December 2006, when the airline reported a load factor of 68.2 percent. The airline carried 808,765 passengers during December 2007, a 26.5 percent increase from December 2006. The airline reported passenger yield of 11.55 cents for the month of December 2007, an increase of 1.5 percent from the same period last year. Its passenger revenue per available seat mile was 8.39 cents, up .63 or 8.1 percent from December 2006. For the month of December 2007, the airline's average length of haul increased 4.1 percent to 988 miles as compared to the same period last year.

"We are further revising the guidance we provided at the beginning of December because of higher than expected operating expenses related to the winter storms at our Denver hub and throughout the Midwest in late December," said Sean Menke, Frontier President and CEO. "In addition, we experienced weaker-than-expected performance in some sun destination markets, many of which will be eliminated by January 10, 2008. As a result, we now anticipate a pre-tax loss for the December quarter in the range of $.78 - $.88 cents per share excluding special items."

The following table represents comparisons for the month of December year-over-year, calendar 2007 year-over-year, fiscal 2008 year-over-year, and the quarter ended December 31, 2007 year-over-year traffic results.

                            December        December       Increase/   Percent
                              2007            2006         (Decrease)
    Available Seat Miles
     (ASM)               1,099,556,000     889,373,000    210,183,000   23.6 %
    Revenue Passenger
     Miles                 798,754,000     606,723,000    192,031,000   31.7 %
    Load Factor                   72.6 %          68.2 %   4.4 points     N/A
    Revenue Passengers
     Carried                   808,765         639,213       169,552    26.5 %
    **Passenger Yield (cents)    11.55           11.38           .17     1.5 %
    **Passenger Revenue Per
     ASM (cents)                  8.39            7.76           .63     8.1 %
    Average Length of Haul         988             949            39     4.1 %



                           Calendar        Calendar        Increase/   Percent
                         Year-to-Date    Year-to-Date     (Decrease)
                             2007            2006
    Available Seat
     Miles              12,488,923,000  10,932,555,000   1,556,368,000  14.2 %
    Revenue Passenger
     Miles               9,823,626,000   8,325,125,000   1,498,501,000  18.0 %
    Load Factor                   78.7 %          76.2 %    2.5 points    N/A
    Revenue Passengers
     Carried                10,367,329       8,897,520       1,469,809  16.5 %
    **Passenger Yield
    (cents)                      10.85           10.96            (.11) (1.0%)
    **Passenger Revenue Per
     ASM (cents)                  8.53            8.35             .18   2.2 %
    Average Length of Haul         948             936              12   1.3 %



                            Fiscal           Fiscal        Increase/   Percent
                         Year-to-Date     Year-to-Date    (Decrease)
                             2008             2007
    Available Seat
     Miles               9,551,889,000   8,373,036,000   1,178,853,000  14.1 %
    Revenue Passenger
     Miles               7,734,437,000   6,443,388,000   1,291,049,000  20.0 %
    Load Factor                   81.0 %          77.0 %    4.0 points    N/A
    Revenue Passengers
     Carried                 8,144,805       6,917,633       1,227,172  17.7 %
    **Passenger Yield
     (cents)                     10.84           11.03            (.19) (1.7%)
    **Passenger Revenue Per
     ASM (cents)                  8.78            8.49             .29   3.4 %
    Average Length of Haul         950             931              19   2.0 %



                         Quarter Ended   Quarter Ended     Increase/   Percent
                         Dec. 31, 2007   Dec. 31, 2006    (Decrease)

    Available Seat
     Miles               3,133,507,000   2,694,959,000     438,548,000  16.3 %
    Revenue Passenger
     Miles               2,404,926,000   1,919,890,000     485,036,000  25.3 %
    Load Factor                   76.8 %          71.2 %    5.6 points   N/A
    Revenue Passengers
     Carried                 2,521,316       2,085,712         435,604  20.9 %
    **Passenger Yield
     (cents)                     10.92           11.05            (.13) (1.2%)
    **Passenger Revenue Per
     ASM (cents)                  8.38            7.87             .51   6.5 %
    Average Length of Haul         954             920              34   3.7 %

    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 a comfortable all coach configuration. In conjunction with its regional jet fleet, operated by Republic Airlines, and a fleet of 8 Bombardier Q-400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), 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. 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.