Frontier Airlines, Teamsters Local 961 Reach Agreement on Wage and Benefit Concessions

Frontier Airlines, Teamsters Local 961 Reach Agreement on Wage and Benefit
Concessions

Agreement Also Settles Section 1113 Appeals

DENVER, Aug. 7 /PRNewswire-USNewswire/ -- Frontier Airlines and Teamsters
Local 961 announced entry into a consensual, long-term labor agreement and a
comprehensive settlement of the company's litigation under Section 1113 of the
Bankruptcy Code.

The agreement modifies the wage and benefit reductions Frontier obtained from
its International Brotherhood of Teamster (IBT)-represented employees under a
Bankruptcy Court order last November. The new agreement's modified wage and
benefit reductions are comparable to the consensual reductions Frontier has
obtained from its other employee groups. The settlement, if ratified, also
will resolve the ongoing appeals of last year's Bankruptcy Court order.

The proposed agreement, which is endorsed and supported by Local 961
leadership, will be put before Frontier's maintenance employees for a
ratification vote. The Local anticipates it will hold the ratification vote on
the agreement and count ballots by Aug. 20.

"Frontier and the IBT worked together to negotiate an agreement that takes
into account the best interests of Frontier, the IBT and, most importantly,
all of our maintenance employees," said Frontier President and CEO Sean Menke.
"I applaud the IBT leadership for working with us to reach this agreement. It
provides us with cost assurances and labor certainty as we proceed with the
upcoming auction process and our anticipated emergence from bankruptcy."

"The Teamsters Union and its members understand the importance to our members
and to Frontier of this agreement," said Matthew Fazakas, President and
Principal Officer of Teamsters Local 961. "On behalf of the IBT leadership, we
fully endorse this agreement and will work to achieve ratification as promptly
as possible."

Founded in 1903, the International Brotherhood of Teamsters represents 1.4
million hardworking men and women in the United States, Canada and Puerto
Rico.

About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of Denver-based
Frontier Airlines. Currently in its 16th year of operations, Frontier Airlines
is the second-largest jet service carrier at Denver International Airport,
employing approximately 5,000 aviation professionals. Frontier Airlines'
mainline operation has 51 aircraft with one of the youngest Airbus fleets in
North America. Frontier Airlines' mainline operations offer 24 channels of
DIRECTV(R) service in every seatback along with a comfortable all-coach
configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft
operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.),
Frontier offers routes to more than 50 destinations in the U.S., Mexico and
Costa Rica. In addition, Frontier and AirTran Airways operate 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
FrontierAirlines.com.

SOURCE Teamsters Local 961

Matthew Fazakas of Teamsters Local 961, +1-303-458-1415