Frontier Airlines Holdings, Inc. (NASDAQ:FRNT)
Industry: Services

Listed 10 Consecutive Market Days. On List as of 03/09/2007 Through 03/23/2007

Frontier Airlines, Inc. (Frontier), incorporated on February 8, 1994, provides air transportation for passengers and freight. As of May 25, 2006, the Company, in conjunction with its regional jet partner Frontier JetExpress, operates routes linking from its Denver hub to 47 cities coast to coast and seven cities in Mexico and Calgary in Alberta, Canada. During the fiscal year ended March 31, 2005 (fiscal 2005), it began certain point-to-point routes to Mexico from non-hub cities. The Company also provides service to Cancun, Mexico from five non-hub cities and service to Puerto Vallarta, Mexico from Kansas City, Missouri. The Company operates a fleet of 43 Airbus A319 aircraft and seven Airbus A318 aircraft, and nine CRJ 700 aircraft (operated by Horizon Air Industries, Inc.) from its base in Denver. In September 2003, Frontier signed a 12-year agreement with Horizon, under which Horizon operates up to nine 70-seat CRJ 700 aircraft under its Frontier JetExpress brand. The service began, on January 1, 2004, with three aircraft. The Company increased JetExpress aircraft to a total of eight aircraft in service and one spare aircraft as of June 1, 2004. The Company controls the scheduling of this service. Frontier reimburses Horizon for its expenses related to the operation plus a margin. The agreement provides for financial incentives, penalties and changes to the margin based on the performance of Horizon and the Company's financial performance. As of May 25, 2006, Frontier JetExpress provides service to Boise, Idaho; Billings, Montana; Dayton, Ohio; El Paso, Texas; Fresno, California; Little Rock, Arkansas; Oklahoma City, Oklahoma; Tucson, Arizona; Tulsa, Oklahoma, and Calgary, Alberta, Canada and supplements its mainline service to Albuquerque, New Mexico; Austin, Texas; Omaha, Nebraska, and San Jose, California. The Company's mainline operations will provide service to Spokane, Washington from, May 2006 to August 2006, at which time Spokane will return to Frontier JetExpress service. The Company operates on 16 gates on Concourse A at DIA on a preferential basis. It uses these 16 gates and share use of up to four common use regional jet parking positions to operate approximately 267 daily mainline flight departures and arrivals and 54 Frontier JetExpress daily system flight departures and arrivals. Frontier's route system encompasses connecting its Denver hub to top business and leisure destinations. The Company serves 44 of the top 50 destinations from Denver, as defined by the United States Department of Transportation's, (DOT) Origin and Destination Market Survey. The Company discontinued seasonal service to Acapulco on April 16, 2006. In September 2005, Frontier suspended its one daily flight to New Orleans, Louisiana due to Hurricane Katrina. In October 2002, the Company signed a 12-year purchase and long-term services agreement with LiveTV, LLC to bring DIRECTV AIRBORNE satellite programming to every seatback in its Airbus fleet. DIRECTV programming features 24 channels of live television delivered to each seat. Frontier implemented a usage charge for access to the system to offset the costs for the system equipment, programming, and services. In fiscal 2005, the Company continued to improve its customers' flying experience by adding four additional channels that offer current-run, pay-per-view movies. The Company competes with United Airlines, American Airlines, Northwest Airlines and Delta Air Lines.

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As Of: 10/07 00:00 ET
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