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Frontier Airlines to Expand Purchase Agreement With Airbus Through Fiscal Year 2011

Frontier Airlines (Nasdaq: FRNT) today announced the firm order of six new A320 aircraft, as well as the exchange of eight existing A319 aircraft orders for four A318 and four A320 aircraft orders. The amended aircraft order introduces the A320 aircraft to Frontier's existing fleet plan and extends Frontier's growth plan into fiscal year 2011 from its previous last delivery date of March 2008. At the end of fiscal year 2011, Frontier's fleet will consist of the following mix of aircraft: (11) A318, (49) A319 and (10) A320.
Frontier President and CEO Jeff Potter said, "Today's announcement is exciting for us for a number of reasons, including our taking the next step in our growth strategy by ordering the larger A320 aircraft. We have reached an optimal level of frequencies in several of our most popular markets,

and the A320 will provide us an opportunity to continue to expand while maximizing the economies of scale that the A320 can offer. On the opposite end of the spectrum, we are adding four new A318 aircraft to our existing fleet, allowing us the flexibility to ensure we are "right-sizing" our markets. The flexibility of the A320 family is an integral part of our growth plans and we are eager to take the next step with this new order."
Chief Executive Officer of Airbus, Gustav Humbert said, "When Frontier became an 'all-Airbus' airline last April, we knew that we had achieved an important milestone in the U.S. market. Our aircraft are not just a considered addition, but the foundation of low-cost carriers worldwide. Airlines like Frontier recognize the importance of a balance of comfort, technology and economics to their customers and employees."
Frontier's first A320 aircraft is scheduled for delivery during fiscal year 2008, with subsequent deliveries continuing through fiscal year 2011. The table below provides the current delivery schedule under the amended Airbus agreement announced today:

    Fiscal Year     Planned Airbus      Total Fleet      By Aircraft Type
                  Aircraft Deliveries

    FY2006            A319 (1)             50              A318 (7)
                                                           A319 (43)

    FY2007            A319 (6)             57              A318 (8)
                      A318 (1)                             A319 (49)

    FY2008            A318 (3)             62              A318 (11)
                      A320 (2)                             A319 (49)
                                                           A320 (2)

    FY2009            A320 (1)             63              A318 (11)
                                                           A319 (49)
                                                           A320 (3)

    FY2010            A320 (5)             68              A318 (11)
                                                           A319 (49)
                                                           A320 (8)

    FY2011            A320 (2)             70              A318 (11)
                                                           A319 (49)
                                                           A320 (10)

The new order is subject to confirmation by Frontier on March 31, 2006. Should Frontier choose not to proceed with the new order, the purchase agreement will revert to the eight existing A319 aircraft orders.

About Frontier
Currently in its 12th year of operations, Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport, employing approximately 4,700 aviation professionals. With 49 aircraft and the youngest Airbus fleet 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 Frontier JetExpress operated by Horizon Air, Frontier operates routes linking its Denver hub to 47 destinations in 28 states spanning the nation from coast to coast and to seven cities in Mexico. Frontier's maintenance and engineering department has received the Federal Aviation Administration's highest award, the Diamond Certificate of Excellence, in recognition of 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs, for seven consecutive years. In July 2005, Frontier ranked as one of the "Top 10 Domestic Airlines" as determined by readers of Travel & Leisure magazine. Frontier provides capacity information and other operating statistics on its Web site, which may be viewed at http://www.frontierairlines.com.

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