Frontier says retires two Boeing planes early

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DENVER, Feb 13 (Reuters) - Frontier Airlines Inc.(FRNT) on Wednesday said it
would retire two Boeing Co. (BA) leased planes early, part of the low-cost
airline's move to have a younger fleet.

The Denver-based company, which is struggling through a post-Sept. 11
fall-off in travel along with the rest of the industry, said it would take a
fourth-quarter charge of $3.1 million, after taxes, related to the lease
changes.

Frontier said it had amended the leases on two 119-seat Boeing 737-200A
aircraft, allowing it to return the planes 22 months before the original
termination dates.

The airline plans to have three 737-200s left in its fleet at the end of
2003.

Frontier's shares closed at $21.61 on the New York Stock Exchange on
Wednesday, off 52-week highs of $26.17 set on Feb. 21, 2001.

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