Frontier Daily 

Today is ••• Thursday, January 30, 1986. 

OPEN LETTER TO FRONTIER EMPLOYEES 

I've just made one of the most difficult decisions, of my life. I've resigned as 
your president and CEO. 

This decision was a difficult one and was not made lightly. I came to Frontier 
to work with you to restore the respect and profitability of a once great airline. 
We worked hard, made a lot of sacrifices and got Frontier back to where it was 
-- a valuable property --and an attractive one. More importantly, we got it to 
the point where Frontier could survive, and its employees could have some sense 
of stability and security. 

After some unwanted skirmishes, we agreed to merge with People Express. This 
was the best -- and the right -- choice. This merger offers a great future and 
prosperity for all employees. No question -- more pain will have to be endured 
and more sacrifices made -- but the result will be worth it: a strong, financially 
viable carrier, in a cut-throat, competitive world. 

Obviously, I wanted to be a part of that future success, and until very recently, 
felt that I would be. But, whenever a takeover occurs, there are often two of 
some things where only one is necessary. Simply, this is what happened. There 
was not a requirement for two presidents. 

We had accomplished our primary goal by resolving the ownership issue. The new 
owner, People Express, is solid and will provide the stability we all sought with 
no more talk of bankruptcy or threat of furlough. The future is assured. With 
that behind us, and the change of control about complete, there really was not a 
meaningful place for me. 

There were alternatives, and I was asked to stay on, but I honestly did not feel 
I could have made the contribution I should have in another capacity. I would not 
have been an asset to you or to myself. Thus, in a reluctant and agonizing 
decision, I chose to move on. 

I will miss all of you. You're as dedicated and loyal a group of people as there 
is anywhere. I thank you for your trust and support over the past eight months. 
You have made a great team, and I'm confident that that sense of teamwork will 
continue in the future. I wish you all the very best. 

Joe