DENVER INTERNATIONAL AIRPORT DOMESTIC MARKET SHARES

DECEMBER 1999 VS. PREVIOUS MONTH AND PREVIOUS YEAR

DECEMBER 1999 NOVEMBER 1999 DECEMBER 1998

REVENUE REVENUE REVENUE

PASS. MARKET PASS. MARKET PASS. MARKET

AIRLINE IN AND OUT SHARE MONTH AGO SHARE YEAR AGO SHARE

AIR WISCONSIN/UAX 194,931 6.86% 162,765 6.12% 191,484 6.48%

AMERICAN 112,624 3.96% 101,343 3.81% 120,026 4.06%

AMERICAN TRANS AIR 12,116 0.43% 11,873 0.45% 18,154 0.61%

AMERICA WEST 35,278 1.24% 34,767 1.31% 33,222 1.12%

CASINO 164 0.01% 256 0.01% 112 0.00%

CHAMPION AIR 7,895 0.28% 7,784 0.29% 1,545 0.05%

CONTINENTAL 72,716 2.56% 65,219 2.45% 72,899 2.47%

DELTA 146,639 5.16% 134,335 5.05% 140,617 4.76%

FRONTIER AIRLINES 158,543 5.58% 157,011 5.91% 141,198 4.78%

GREAT LAKES/UAX 53,711 1.89% 50,802 1.91% 49,017 1.66%

MESA 194 0.01% 228 0.01% 322 0.01%

MIAMI AIRLINES 754 0.03% 531 0.02% 0 0.00%

MIDWEST EXPRESS 4,586 0.16% 4,451 0.17% 4,938 0.17%

NORTHWEST 69,305 2.44% 60,948 2.29% 69,743 2.36%

RENO AIR 0 0.00% 0 0.00% 354 0.01%

RYAN INT'L AIRLINES 598 0.02% 0 0.00% 1,478 0.05%

SUN COUNTRY 0 0.00% 0 0.00% 8,602 0.29%

TWA 39,182 1.38% 37,941 1.43% 36,469 1.23%

UNITED 1,864,380 65.57% 1,765,203 66.42% 2,002,235 67.74%

US AIRWAYS 40,183 1.41% 35,345 1.33% 38,627 1.31%

VANGUARD AIRLINES 29,678 1.04% 26,994 1.02% 24,576 0.83%

TOTALS 2,843,477 100.00% 2,657,796 100.00% 2,955,618 100.00% DOMESTIC MARKET SHARE DECEMBER 1999

(1.4%) TWA (2.4%) NORTHWEST

(5.6%) FRONTIER AIRLINES

(5.2%) DELTA

(2.6%) CONTINENTAL

(1.2%) AMERICA WEST

(4.0%) AMERICAN

(8.7%) UNITED EXPRESS (65.6%) UNITED

(0.9%) OTHER

(1.0%) VANGUARD AIRLINES

(1.4%) US AIRWAYS DENVER INTERNATIONAL AIRPORT TOTAL OPERATIONS AND TRAFFIC DECEMBER 1999

DECEMBER YEAR TO DATE % OF % OF % GRAND % GRAND INCR./ INCR./ TOTAL INCR./ INCR./ TOTAL 1999 1998 DECR. DECR. 1999 1999 (10) 1998 (9) DECR. DECR. 1999

OPERATIONS (1) Air Carrier 30,745 30,873 (128) -0.4% 71.7% 362,824 341,074 21,750 6.4% 72.5% Air Taxi 10,849 9,411 1,438 15.3% 25.3% 119,799 111,467 8,332 7.5% 23.9% Military 45 118 (73) -61.9% 0.1% 982 1,055 (73) -6.9% 0.2% General Aviation 1,268 1,597 (329) -20.6% 3.0% 16,846 19,736 (2,890) -14.6% 3.4% TOTAL 42,907 41,999 908 2.2% 100.0% 500,451 473,332 27,119 5.7% 100.0%

PASSENGERS (2) Internationals (3) In 22,062 25,890 (3,828) -14.8% 359,257 250,534 108,723 43.4% Out 21,276 26,088 (4,812) -18.4% 352,498 249,675 102,823 41.2% TOTAL 43,338 51,978 (8,640) -16.6% 1.4% 711,755 500,209 211,546 42.3% 1.9%

Majors (4) In 1,265,694 1,336,382 (70,688) -5.3% 15,590,671 15,703,508 (112,837) -0.7% Out 1,231,307 1,294,173 (62,866) -4.9% 15,589,929 15,740,196 (150,267) -1.0% TOTAL 2,497,001 2,630,555 (133,554) -5.1% 82.1% 31,180,600 31,443,704 (263,104) -0.8% 82.0%

Nationals (5) In 202,119 182,109 20,010 11.0% 2,538,494 1,911,182 627,312 32.8% Out 212,213 195,280 16,933 8.7% 2,568,108 1,925,729 642,379 33.4% TOTAL 414,332 377,389 36,943 9.8% 13.6% 5,106,602 3,836,911 1,269,691 33.1% 13.4%

Regionals (6) In 26,880 25,419 1,461 5.7% 333,277 398,503 (65,226) -16.4% Out 27,623 26,629 994 3.7% 337,691 405,557 (67,866) -16.7% TOTAL 54,503 52,048 2,455 4.7% 1.8% 670,968 804,060 (133,092) -16.6% 1.8%

Supplementals (7) In 15,471 15,399 72 0.5% 181,109 123,133 57,976 47.1% Out 15,780 14,815 965 6.5% 182,983 123,383 59,600 48.3% TOTAL 31,251 30,214 1,037 3.4% 1.0% 364,092 246,516 117,576 47.7% 1.0%

GRAND TOTAL PASSENGERS 3,040,425 3,142,184 (101,759) -3.2% 100.0% 38,034,017 36,831,400 1,202,617 3.3% 100.0% CARGO BY TYPE (LBS) (8)

AIR MAIL In 22,047,807 21,997,306 50,501 0.2% 187,361,460 178,145,168 9,216,292 5.2% Out 20,671,260 19,992,728 678,532 3.4% 168,505,468 161,333,834 7,171,634 4.4% TOTAL 42,719,067 41,990,034 729,033 1.7% 39.2% 355,866,928 339,479,002 16,387,926 4.8% 34.5%

FREIGHT & EXPRESS In 35,939,184 32,445,300 3,493,884 10.8% 360,706,554 344,434,836 16,271,718 4.7% Out 30,295,013 26,679,076 3,615,937 13.6% 314,616,473 302,352,384 12,264,089 4.1% TOTAL 66,234,197 59,124,376 7,109,821 12.0% 60.8% 675,323,027 646,787,220 28,535,807 4.4% 65.5% CARGO BY CARRIER

CARGO 61,288,267 55,980,890 5,307,377 9.5% 56.3% 603,298,909 549,787,285 53,511,624 9.7% 58.5% PASSENGER 47,664,997 45,133,520 2,531,477 5.6% 43.7% 427,891,046 436,478,937 (8,587,891) -2.0% 41.5%

GRAND TOTAL 108,953,264 101,114,410 7,838,854 7.8% 100.0% 1,031,189,955 986,266,222 44,923,733 4.6% 100.0% CARGO

(1) An aircraft operation is either a landing or takeoff or contact with the control tower (as reported by FAA). (2) Revenue and non revenue passengers as reported by the individual airlines. (3) Air Canada, Allegro, Apple Vacations, British Airways, Champion Int'l, Condor GFB, Korean Air, LTU Int'l Airways, Martinair, Mexicana, Miami, Monarch, Outfitter Air Service, Ryan Int'l Airlines, Skytrek, and Sun Country. (4) America West, American, Continental, Delta, Frontier, Northwest, TWA, United, Vanguard, and US Airways. (5) Air Wisconsin/UAX, Midwest Express, Reno, and Western Pacific. (6) Aspen Mtn Air, Great Lakes/UAX, Maverick, Mesa/UAX, Mountain Air Express, and Mtn Air Express (subsidary of Air Wisconsin). (7) American Int'l Airways, American Trans Air, Carnival, Casino, Champion Air, Great American, Miami, Ryan Int'l Airlines, Skytrek, Sun Country, and Sun Pacific. (8) For Detail see Attached Cargo Report. (9) Revised Year-to-Date 1998. (10) Revised Year-to-Date 1999.

DENVER INTERNATIONAL AIRPORT TOTAL PASSENGERS BY AIRLINE DECEMBER 1999

DECEMBER YEAR TO DATE % % INCREASE/ INCR./ MKT SHARE MKT SHARE INCREASE/ INCR./ AIRLINE (1) 1999 1998 DECREASE DECR. 1999 1999 1998 (2) 1998 (2) DECREASE DECR.

AIR CANADA 13,090 12,812 278 2.2% 174,396 0.46% 137,612 0.37% 36,784 26.7% AIR WISCONSIN/UAX 200,219 194,889 5,330 2.7% 2,376,668 6.25% 1,803,664 4.90% 573,004 31.8% AIR BC 7,494 2,220 5,274 237.6% 70,861 0.19% 5,859 0.02% 65,002 1109.4% ALLEGRO 6,058 810 5,248 647.9% 19,601 0.05% 36,757 0.10% (17,156) -46.7% AMERICA WEST 35,278 33,222 2,056 6.2% 389,107 1.02% 407,194 1.11% (18,087) -4.4% AMERICAN 119,457 126,449 (6,992) -5.5% 1,469,048 3.86% 1,680,730 4.56% (211,682) -12.6% AMERICAN INT'L AIRWAYS 0 0 0 0.0% 0 0.00% 702 0.00% (702) -100.0% AMERICAN TRANS AIR 12,375 18,477 (6,102) -33.0% 230,028 0.60% 123,976 0.34% 106,052 85.5% APPLE VACATIONS 485 1,268 (783) -61.8% 44,905 0.12% 40,276 0.11% 4,629 11.5% ASPEN MTN AIR 0 0 0 0.0% 0 0.00% 55,006 0.15% (55,006) -100.0% BRITISH AIRWAYS 11,783 10,860 923 8.5% 172,815 0.45% 50,866 0.14% 121,949 239.7% CASINO 164 112 52 46.4% 4,507 0.01% 3,095 0.01% 1,412 45.6% CHAMPION AIR 10,088 1,545 8,543 552.9% 108,971 0.29% 37,097 0.10% 71,874 193.7% CHAMPION AIR INT'L 0 276 (276) -100.0% 37,508 0.10% 276 0.00% 37,232 13489.9% CONDOR GFB 0 169 (169) -100.0% 1,339 0.00% 4,548 0.01% (3,209) -70.6% CONTINENTAL 82,988 83,922 (934) -1.1% 1,028,497 2.70% 998,808 2.71% 29,689 3.0% DELTA 151,233 145,291 5,942 4.1% 1,849,775 4.86% 1,725,108 4.68% 124,667 7.2% FRONTIER AIRLINES 179,448 152,338 27,110 17.8% 2,308,062 6.07% 1,529,273 4.15% 778,789 50.9% GREAT LAKES/UAX 54,267 51,694 2,573 5.0% 667,144 1.75% 398,740 1.08% 268,404 67.3% KOREAN AIR 0 1,575 (1,575) -100.0% 16,901 0.04% 13,825 0.04% 3,076 22.2% LTU INT'L AIRWAYS (INT'L) 0 0 0 0.0% 0 0.00% 4,784 0.01% (4,784) -100.0% MARTINAIR 0 0 0 0.0% 0 0.00% 12,923 0.04% (12,923) -100.0% MESA/UAX 0 0 0 0.0% 0 0.00% 332,018 0.90% (332,018) -100.0% MESA 236 354 (118) -33.3% 3,824 0.01% 799 0.00% 3,025 378.6% MEXICANA 4,428 10,765 (6,337) -58.9% 66,008 0.17% 90,073 0.24% (24,065) -26.7% MIAMI AIRLINES 754 0 754 100.0% 6,355 0.02% 1,322 0.00% 5,033 380.7% MIAMI AIRLINES INT'L 0 0 0 0.0% 0 0.00% 187 0.00% (187) -100.0% MIDWEST EXPRESS 4,586 4,938 (352) -7.1% 70,956 0.19% 66,507 0.18% 4,449 6.7% MONARCH AIRLINE 0 0 0 0.0% 0 0.00% 18,156 0.05% (18,156) -100.0% MOUNTAIN AIR EXPRESS 0 0 0 0.0% 0 0.00% 17,207 0.05% (17,207) -100.0% MTN AIR EXPRESS (subsidary 0 0 0 0.0% 0 0.00% 290 0.00% (290) -100.0% NORTHWEST 72,071 72,700 (629) -0.9% 861,771 2.27% 787,887 2.14% 73,884 9.4% RENO AIR 0 354 (354) -100.0% 0 0.00% 8,281 0.02% (8,281) -100.0% RYAN INT'L AIRLINES (INT'L 0 11,223 (11,223) -100.0% 107,421 0.28% 82,032 0.22% 25,389 31.0% RYAN INT'L AIRLINES 7,870 1,478 6,392 432.5% 13,611 0.04% 14,872 0.04% (1,261) -8.5% SKYTREK 0 0 0 0.0% 0 0.00% 204 0.00% (204) -100.0% SKYTREK INT'L 0 0 0 0.0% 0 0.00% 1,928 0.01% (1,928) -100.0% SUN COUNTRY 0 8,602 (8,602) -100.0% 620 0.00% 65,248 0.18% (64,628) -99.0% SUN COUNTRY (INT'L) 0 0 0 0.0% 0 0.00% 107 0.00% (107) -100.0% TWA 40,547 38,196 2,351 6.2% 495,554 1.30% 448,160 1.22% 47,394 10.6% UNITED 1,952,930 2,089,683 (136,753) -6.5% 24,554,973 64.56% 24,860,198 67.50% (305,225) -1.2% US AIRWAYS 42,497 41,092 1,405 3.4% 531,875 1.40% 535,619 1.45% (3,744) -0.7% VANGUARD AIRLINES 30,079 24,870 5,209 20.9% 350,916 0.92% 273,946 0.74% 76,970 28.1% WESTERN PACIFIC 0 0 0 0.0% 0 0.00% 155,240 0.42% (155,240) -100.0% TOTALS 3,040,425 3,142,184 (101,759) -3.2% 38,034,017 100.00% 36,831,400 100.00% 1,202,617 3.3% DEPLANED PASSENGERS 1,532,226 1,585,199 (52,973) -3.3% 19,002,808 18,386,860 615,948 3.3% ENPLANED PASSENGERS 1,508,199 1,556,985 (48,786) -3.1% 19,031,209 18,444,540 586,669 3.2% TOTAL PASSENGERS 3,040,425 3,142,184 (101,759) -3.2% 38,034,017 36,831,400 1,202,617 3.3%

(1) Passenger totals represent revenue and nonrevenue passengers as reported by the individual airlines. (2) 1998 Year-to-Date revised. TOTAL PASSENGER BY MONTH 1999 vs. HISTORICAL

4000

3500

3000 Thousands PASSENGERS

2500

2000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

1996 1997 1998 1999