ACAI Atlantic Coast Airlines Holdings (MM)

Atlantic Coast Airlines Reports June 2004 Traffic DULLES, Va., July 9 /PRNewswire-FirstCall/ -- Atlantic Coast Airlines (ACA) (NASDAQ:ACAI) today reported preliminary consolidated passenger traffic results for its United Express, Delta Connection and Independence Air flights operated in June 2004. Systemwide, the company generated 224,478 million revenue passenger miles (RPMs), a 24.5 percent decrease over the same month last year, while available seat miles (ASMs) were 296,515 million, a 22.9 percent decrease. Load factor was 75.7 percent versus 77.3 percent in June 2003. For the month, 579,582 passengers were carried, a 23.9 percent decrease over the same month last year. For the second quarter ended June 30, 2004, compared to the same period in 2003, RPMs were at 776,735 million, a decrease of 9.1 percent, while ASMs were 1,051,347 billion, a 7.4 percent decrease. The company carried 1,977,751 passengers for the second quarter ended June 30, 2004, compared to 2,181,332 in 2003, a decrease of 9.3 percent on a year-over-year basis. On June 16, 2004, the company began service as Independence Air, its low- fare airline based at Washington Dulles International Airport. Independence Air will continue to add new destinations and flights throughout July and August, growing to 600 daily systemwide departures by summer's end, making Washington Dulles the largest low-fare hub in America. ACA also operates as Delta Connection and United Express in the Eastern and Midwestern United States as well as Canada. ACA employs approximately 4,200 aviation professionals. The common stock of parent company Atlantic Coast Airlines Holdings, Inc. is traded on the Nasdaq National Market under the symbol ACAI. For more information about ACA, visit our website at http://www.atlanticcoast.com/. For more information about Independence Air, visit http://flyi.com/. Month of June 2004 2003 Change Revenue Passenger Miles (000) 224,478 297,258 (24.5%) Available Seat Miles (000) 296,515 384,403 (22.9%) Load Factor 75.7% 77.3% (1.6 pts) Passengers 579,582 761,429 (23.9%) Departures 18,644 24,615 (24.3%) Block Hours 26,726 34,752 (23.1%) Second Quarter Ended June 30, 2004 2004 2003 Change Revenue Passenger Miles (000) 776,735 854,915 (9.1%) Available Seat Miles (000) 1,051,347 1,135,166 (7.4%) Load Factor 73.9% 75.3% (1.4 pts) Passengers 1,977,751 2,181,332 (9.3%) Departures 65,823 73,249 (10.1%) Block Hours 94,469 103,494 (8.7%) Six Months Ended June 30, 2004 2004 2003 Change Revenue Passenger Miles (000) 1,514,643 1,600,999 (5.4%) Available Seat Miles (000) 2,184,084 2,235,709 (2.3%) Load Factor 69.3% 71.6% (2.3 pts) Passengers 3,859,553 4,103,941 (6.0%) Departures 135,606 145,268 (6.7%) Block Hours 195,948 209,112 (6.3%) DATASOURCE: Atlantic Coast Airlines CONTACT: Rick DeLisi, Director, Corporate Communications, of Atlantic Coast Airlines and Independence Air, +1-703-650-6019 Web site: http://www.atlanticcoast.com/ http://www.flyi.com/

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