1. Frontier Airlines “A Whole Different Animal”
Mike Smith Nathan Galieti Matt Miller Jack Moutoux

2. Mission Statement Four Principles Are:
“Our tagline "A whole different animal" means we approach our business with four key principles in mind. These are the four legs that we stand on. They're who we are. "A whole different animal" represents our promise to you. Simply put, our goal is to do the little things that make a big difference to you.”
Four Principles Are:
Affordable
Flexible
Accommodating
Comfortable

3. Revamped Mission Statement
“Our tagline "A whole different animal" means we approach our business with four key principles in mind. These are the four legs that we stand on. They're who we are. "A whole different animal" represents our promise to you. Simply put, our goal is to do the little things that make a big difference to you.”
Five Principles Are:
Affordable
Flexible
Accommodating
Comfortable
Commitment to Safety

4. Business Strategy
“Provide air service at affordable fares to high volume markets from our Denver hub and limited point-to-point routes outside of our Denver hub while seeking ways to leverage our strong market position in Denver and excellent product and service.”
Stimulate demand by offering a combination of low fares, quality service and frequent flyer credits in our frequent flyer program, EarlyReturns
Continue filling gaps in flight frequencies to current markets from our Denver hub.
Continue to successfully defend our position in Denver against new entrants.
Investment in the Community
99% of flights begin or end at Denver International
6000+ jobs in the Denver area

5. Important Officers Sean Menke – President and Chief Executive Officer
Chris Collins – Executive Vice President and Chief Operations Officer
Ted Christie – Senior Vice President and Chief Financial Officer
Gerry Coady – Senior Vice President and Chief Information Officer
Ann Block – Senior Vice President – People
Matt Henry – Vice President and General Counsel
Cameron Kenyon – Vice President –Flight Operations

6. Financial Picture Year Ended March 31 2008 2007 2006 2005 2004
Total Operating Revenue (000s)
$1,398,981
$1,170,949
$1,001,522
$837,585
$644,739
Total Operating Expenses (000s)
$1,434,311
$1,181,651
$1,009,419
$864,032
$617,257
Net Income (Loss)
(35,030)
(9,834)
(7,897)
(26,447)
27,482
Revenue Passenger Miles (000s)
10,175,220
8,532,577
7,436,830
6,587,589
5,120,587
Available Seat Miles (000s)
12,666,316
11,310,070
9,885,599
9,115,868
7,153,740
Passenger Load Factor
80.3%
75.4%
75.2%
72.3%
71.6%
Average Fare $ $ $ $ $

7. Letter from the CEO
Thank you for choosing to fly with us on Frontier Airlines. Please relax and enjoy your trip, and allow our people to show you the one-of-a-kind customer service we have become known for over the years. You may have heard our corporate slogan: A Whole Different Animal. Yes, that's a play on words with the animals on our tails, but the message runs deeper than that. Our people show up to work each and every day set on the purpose of delivering you a different, superior travel experience every time you fly Frontier. We want to earn your loyalty one action at a time, no matter how big or how small. As you no doubt know, these are challenging economic times for everybody, and the airline industry is no different. The airlines have been hit particularly hard by the rising cost of oil. You feel the pain at the pump when you gas up your automobiles. That pain is magnified significantly for us when we fuel our fleet of aircraft. In April of this year, Frontier and its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Our goal is for this move to have as little impact as possible upon you, our valued customer. Our mission and values have not changed, and our people are as committed to you as ever. We continue to work diligently to do everything possible to ensure that we are viable as an airline for the long-term. We have recently secured a number of agreements that will give us a great deal of staying power. We want you to feel confident when you book future flights on Frontier Airlines that we will be here for you; always willing to go the extra mile to make sure you have an enjoyable trip. Through our first 15 years of operation, we have enjoyed a loyalty and affection among our customers that is especially rare in the airline industry. Never has that support been more appreciated than in the last several months. We know you have put your faith in us, and we want to reward that faith by providing our passengers safe, high-quality, affordable air service with an emphasis on customer service for many years to come. We look forward to seeing you in the skies again very soon. Thank you again for flying Frontier Airlines. Sincerely, Sean E. Menke President & CEO Frontier Airlines

9. Competition
Major Competition out of Denver International Airport (DIA)
United Airlines
Ted (Low Cost Carrier owned by United)
Southwest Airlines
Market Share of DIA (March, 2008)
United Airlines, Ted, and Affiliates: 49.8%
Southwest Airlines: 6.6%
Frontier Airlines & Lynx Aviation: 26.7%

10. Fare Comparison Chicago, Illinois to Denver, Colorado
Airline
Price
American Airlines
$281
United Airlines
$154
Frontier Airlines
Chicago, Illinois to Denver, Colorado
Flight Leaving Today, November 20
Flights searched off of
*Frontier’s Flight from Midway, not O’Hare

11. No. of Aircraft (* leased) Approx. Seating Capacity
Fleet
Aircraft Model
No. of Aircraft (* leased)
Year of Manufacture
Approx. Seating Capacity
A319
36*
01-07
136 11
01-06
A318 2* 04
114 9
03-07
A320 2 07
162
Average
3.9 years
132 seats
Operate a mainline fleet of 60 jets, 38 leased and 22 owned
Regional fleet of 10 Bombardier Q400 turboprops operated by Lynx Aviation

12. Maintenance and Repairs
Perform majority of line and long interval MX at our subleased hanger at DIA
Maintain additional facilities in: Phoenix, AZ and Kansas City, MO
Contract MX at spoke cities, when we can’t meet demand: facility, staff, or MX needs
9 consecutive years: received FAAs Diamond Certificate of Excellence
100% of MX and engineering staff completed advanced training programs

13. Aircraft and Engines Common Airbus fleet with GE engines
MX cost/hour agreement with GE
12 month contracts
Monthly payments: (Flat Rate) × (Engine Hours)
Aircraft Cost savings:
Standardized crew training
Simplified MX issues
Reduced spare parts inventory
More efficient scheduling

14. Fleet and Maintenance Dependent on single manufacturers
Airbus unable to manufacture aircraft or spare parts, we would incur substantial costs if forced to acquire Boeing aircraft
Business significantly disrupted resulting from FAA airworthiness directive or service bulletin that grounded Airbus fleet or GE engines
Public perception of safety, due to accident or incident involving Airbus aircraft or GE engines

15. Average Fuel Price/Gallon
Fiscal Year Ended
Average Fuel Price/Gallon
June 23, 2008*
$4.22
March 31, 2008
$2.45
March 31, 2007
$2.12
March 31, 2006
$1.99
Based on current fleet and capacity, an estimated 1¢ increase in fuel price/gallon, increases annual operating expenses by $1.9 Million

16. Salary Cuts August-September 2007
Compensation committee approved salary increases 5.3%-25%
Salaries at or below 50th percentile in the market
Bankruptcy Filing on April 10, 2008
Salary reduction program
CEO Sean Menke
20% Reduction in Base Salary
Other officers 10% Reduction in Base Salary

17. All Other Compensation ($)
Salary
Name and Principal Position
Year
Salary ($)
Stock Awards ($)
Option Awards ($)
All Other Compensation ($)
Total ($)
Sean Menke President and CEO
2008
183,542
161,100
310,520
527,526
1,182,688
Jeff S. Potter former President and CEO
2007
161,623
311,250
110,826
100,304
221,000
200,595
7,500
10,680
500,949
622,829
Paul Tate
former Chief Financial Officer
267,839
213,542
120,690
50,003
233,191
99,998
26,771
11,835
648,491
375,378
Christopher L. Collins
Executive VP and COO
263,828
194,917
82,218
47,503
160,346
94,996
18,606
57,321
524,998
347,862
Ann E. Block
Sr. VP People
195,833
183,125
64,848
35,000
121,258
69,997
21,914
10,665
403,853
289,788
Gerard A. Coady
Senior VP and CIO
199,785
16,513
38,767
1,905
256,970
John B. Happ
former Sr. VP Marketing & Planning
182,107
225,000
136,800
56,251
248,278
112,495
188,125
3,742
755,310
397,488
From 10K report page 11 on Frontier Airlines web page

18. Severance plan
“In June 2008, the United States Bankruptcy Court for the Southern District of New York approved a severance plan…payments to each of our executive officers cannot exceed (approx) $144,000”

19. Commitment to the Future

20. References