Hector International Airport Fargo, North Dakota

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1 Hector International Airport Fargo, North Dakota Volume 081 Twelve Months Ended March 2008 July 2008 Airlines Serving Fargo Carried 838 Onboard Passengers Per Day for the Twelve Months Ended March 2008, down 0.6% over the previous 12 months. Highlights in This Issue The top domestic PASSENGER market at Fargo was Las Vegas, followed by Denver, Chicago, Phoenix/Mesa and Minneapolis. Las Vegas and Chicago were the largest airline REVENUE markets at Fargo. INTERNATIONAL PASSENGERS at Fargo traveling via alternate domestic gateways use Minneapolis most frequently, followed by Chicago and Denver. 59 passengers per day each way use alternate gateways. Fargo averaged 16.2 domestic DEPARTURES, 1,146 available SEATS, and 838 onboard PASSENGERS per day each way, while LOAD FACTORS at Fargo averaged 73.1% over the Twelve Months Ended March Among the top 150 domestic US Origin and Destination passenger airports, Fargo ranked 144th in terms of PASSENGERS and 129th in terms of REVENUE. With an average one-way FARE of $245, Fargo is ranked 5th highest. Post Office Box W 15th Ave Fargo, North Dakota Eugene, Oregon (701) (541)

2 Table of Contents Local 2 Non-stop Scheduled Passenger Service at Fargo / Top Markets Graph at Fargo 3 Six Year Passenger and Revenue Growth with Fare and Yield Changes at Fargo 4-5 Top 100 Domestic Passenger Markets at Fargo 6-7 Airport Passenger Shares at Consolidated Market Areas 8 Top Growth Markets at Fargo 9 Top 50 Fargo Originated Passenger Markets 10 Top 50 Fargo Visiting Passenger Markets 11 Top Gateway & Top Zero Fare Passenger Markets at Fargo Top 100 Revenue Markets at Fargo 14 Average Fares at Top 50 Passenger Markets at Fargo 15 Average Yields at Top 50 Passenger Markets at Fargo 16 Top Passenger & Revenue Carriers at Fargo 17 Operating Statistics of Top Carriers at Fargo 18 Top 50 Passenger Markets at Fargo by Carrier 19 Graph of Top 50 Passenger Markets at Fargo by Carrier Statistical Summary of Top 100 Northwest Airlines Airports - Fargo is ed 41st Statistical Summary of Top 150 United Airlines Airports - Fargo is ed 89th 25 Statistical Summary of Top 50 Allegiant Air Airports - Fargo is ed 21st Statistical Summary of Top 250 Delta Air Lines Airports - Fargo is ed 204th 31 Top Segment Trip Airport Pairs, Carriers, Aircraft Flown and Aircraft Types at Fargo 32 Top Seats Available Airport Pairs, Carriers, Aircraft Flown and Aircraft Types at Fargo 33 Top Onboard Passenger Airport Pairs, Carriers, Aircraft Flown and Aircraft Types at Fargo 34 Load Factors at Top Seats Available Airport Pairs, Carriers, Aircraft Flown and Aircraft Types at Fargo Regional 35 Top 50 Central Region Airports - Domestic Flights Completed 36 Top 50 Central Region Airports - Domestic Seats Available 37 Top 50 Central Region Airports - Domestic Onboard Passengers 38 Top 50 Central Region Airports - Domestic Load Factor 39 Top 50 Central Region Airports - Domestic Origin and Destination Passengers 40 Top 50 Central Region Airports - Domestic Origin and Destination Revenue 41 Top 50 Central Region Airports - Domestic Fares 42 Top 50 Central Region Airports - Domestic Yield Central Region: Arkansas, Illinois, Iowa, Kansas, Louisiana, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota, Texas and Wisconsin National Top 150 Domestic US Origin and Destination Passenger Airports - Fargo is ed 144th Top 150 Domestic US Origin and Destination Revenue Airports - Fargo is ed 129th Statistical Comparisons of Top 150 US Origin and Destination Airports - Fargo's Fares 5th Appendix 52 Glossary of Terms page 1

3 Non-stop Scheduled Passenger Service at Fargo as of July 2008 Top 20 Domestic O&D Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Las Vegas - 1 Denver - 2 Chicago - 3 Phoenix/Mesa - 4 Minneapolis - 5 Seattle/Tacoma - 6 Washington - 7 Orlando/Sanford - 8 New York/Newark - 9 Dallas/Ft Worth - 10 Portland, OR - 11 Los Angeles - 12 San Diego - 13 San Francisco - 14 Atlanta - 15 Salt Lake City - 16 St Louis - 17 Kansas City - 18 Boston - 19 Houston ,730 29,580 25,460 22,480 17,500 14,470 13,710 13,120 9,790 9,420 9,120 8,910 8,070 7,880 7,300 6,870 6,670 5,890 5,810 page 2 54,300

4 Domestic O&D Passenger & Fare Changes at Fargo Twelve Months Ended March 2003 to Twelve Months Ended March 2008 O&D Passengers Fared Average Fare 600, , , , , , ,870 $ ,000 $193 $192 $200 $210 $221 0 YE Mar 03 YE Mar 04 YE Mar 05 YE Mar 06 YE Mar 07 YE Mar 08 $0.00 Domestic O&D Revenue & Yield Changes at Fargo Twelve Months Ended March 2003 to Twelve Months Ended March 2008 O&D Revenue (thousands) Fared Average Yield 120,000 $112,651 $119,806 $99,351 $88,194 60,000 $76, $79, YE Mar 03 YE Mar 04 YE Mar 05 YE Mar 06 YE Mar 07 YE Mar page 3

5 Top 100 Domestic Origin and Destination Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Las Vegas, NV 35,800 56,720 54, % 23.2% -4.3% 2 Denver, CO 35,220 38,110 37, % 3.5% -1.0% 3 Chicago, IL 35,470 30,720 29, % -8.7% -3.7% 4 Phoenix/Mesa, AZ 30,800 29,100 25, % -9.1% -12.5% 5 Minneapolis, MN 23,580 23,630 22, % -2.4% -4.9% 6 Seattle/Tacoma, WA 16,230 17,530 17, % 3.8% -0.2% 7 Washington, DC 16,050 15,990 14, % -5.0% -9.5% 8 Orlando/Sanford, FL 11,290 12,280 13, % 10.2% 11.6% 9 New York/Newark, NY 12,840 13,640 13, % 1.1% -3.8% 10 Dallas/Ft Worth, TX 11,150 11,460 9, % -6.3% -14.6% 11 Portland, OR 10,060 9,750 9, % -3.2% -3.4% 12 Los Angeles, CA 11,170 10,700 9, % -9.6% -14.8% 13 San Diego, CA 9,570 9,720 8, % -3.5% -8.3% 14 San Francisco, CA 8,470 8,580 8, % -2.4% -5.9% 15 Atlanta, GA 6,980 9,790 7, % 6.3% -19.5% 16 Salt Lake City, UT 5,170 8,710 7, % 18.8% -16.2% 17 St Louis, MO 5,950 6,780 6, % 7.5% 1.3% 18 Kansas City, MO 6,370 6,200 6, % 2.3% 7.6% 19 Boston, MA 5,150 5,830 5, % 6.9% 1.0% 20 Houston, TX 6,310 7,040 5, % -4.0% -17.5% 21 Detroit, MI 6,380 5,520 5, % -4.7% 5.1% 22 Orange County, CA 6,500 6,500 5, % -5.6% -10.9% 23 Tampa/St Petersburg, FL 5,280 5,980 5, % -1.6% -14.5% 24 Sacramento, CA 5,620 5,500 4, % -6.0% -9.6% 25 Philadelphia, PA 4,810 5,120 4, % 0.3% -5.5% 26 Milwaukee, WI 5,080 4,510 4, % -2.7% 6.7% 27 Indianapolis, IN 4,790 4,730 4, % -1.6% -1.9% 28 Baltimore, MD 4,690 4,800 4, % -2.5% -7.1% 29 San Antonio, TX 4,200 4,820 4, % 0.0% -12.9% 30 Nashville, TN 3,540 3,790 4, % 7.4% 7.7% 31 Reno, NV 3,550 4,430 4, % 6.1% -9.7% 32 Fort Myers, FL 3,840 3,780 3, % -0.8% 0.0% 33 Albuquerque, NM 2,910 3,380 3, % 13.2% 10.4% 34 Tucson, AZ 3,140 5,060 3, % 8.8% -26.5% 35 Anchorage, AK 3,650 3,810 3, % -0.3% -4.7% 36 Charlotte, NC 2,920 3,740 3, % 10.6% -4.5% 37 San Jose, CA 4,160 4,030 3, % -9.2% -14.9% 38 Honolulu, HI 3,240 3,910 3, % 1.2% -15.1% 39 Boise, ID 3,260 3,750 3, % 0.5% -12.3% 40 Fort Lauderdale, FL 3,390 3,370 3, % -3.3% -5.9% 41 Columbus, OH 2,830 2,890 3, % 5.0% 8.0% 42 Raleigh/Durham, NC 3,070 3,370 3, % -0.3% -9.5% 43 Austin, TX 2,500 2,820 3, % 10.3% 7.8% 44 Colorado Springs, CO 2,800 2,800 2, % 3.0% 6.1% 45 Memphis, TN 2,480 2,480 2, % 8.0% 16.5% 46 Spokane, WA 3,000 3,230 2, % -1.9% -10.5% 47 Hartford, CT 2,720 2,720 2, % 2.9% 5.9% 48 Cleveland, OH 3,060 3,100 2, % -3.3% -7.7% 49 Miami, FL 3,800 3,030 2, % -13.4% -5.9% 50 New Orleans, LA 1,960 1,670 2, % 19.5% 67.7% continued on page 5 page 4

6 Top 100 Domestic Origin and Destination Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Des Moines, IA 3,270 2,740 2, % -8.6% -0.4% 52 Ontario, CA 3,600 3,030 2, % -14.9% -13.9% 53 Omaha, NE 2,560 2,170 2, % -3.0% 11.1% 54 Cincinnati, OH 2,140 2,550 2, % 5.9% -5.9% 55 Oklahoma City, OK 2,020 1,910 2, % 4.8% 16.2% 56 Moline, IL 2,190 2,400 2, % -2.3% -12.9% 57 Madison, WI 1,910 2,120 2, % 4.6% -1.4% 58 Palm Springs, CA 1,560 2,370 2, % 15.5% -12.2% 59 Jacksonville, FL 2,160 1,970 2, % -3.1% 3.0% 60 Pittsburgh, PA 2,950 2,680 2, % -17.3% -24.6% 61 Billings, MT 1,720 1,950 1, % 7.0% 1.0% 62 Bull. City/Laughlin, AZ 1,820 1,510 1, % -3.1% 13.2% 63 Norfolk, VA 2,180 1,700 1, % -12.5% -1.8% 64 Tulsa, OK 1,030 1,070 1, % 25.4% 51.4% 65 Louisville, KY 1,780 2,020 1, % -6.4% -22.8% 66 Missoula, MT 1,300 1,810 1, % 8.8% -14.9% 67 Grand Rapids, MI 1,570 1,690 1, % -1.6% -10.1% 68 Syracuse, NY 980 1,520 1, % 23.3% -2.0% 69 Oakland, CA 900 1,360 1, % 27.4% 7.4% 70 Rapid City, SD 1,680 1,850 1, % -8.1% -23.2% 71 El Paso, TX , % 40.9% 49.5% 72 Dayton, OH 2,090 1,690 1, % -18.7% -18.3% 73 Kahului, HI 2,060 1,510 1, % -18.4% -9.3% 74 Bozeman, MT 1,210 1,670 1, % 6.0% -18.6% 75 Providence, RI 1,340 1,470 1, % -2.3% -12.9% 76 Pasco, WA , % 45.6% 36.7% 77 Manchester, NH 1,210 1,120 1, % -0.8% 6.3% 78 Richmond, VA 1,210 1,470 1, % -0.8% -19.0% 79 Wichita, KS 1,210 1,070 1, % -1.7% 9.3% 80 Cedar Rapids, IA 1,610 1,550 1, % -14.8% -24.5% 81 Harrisburg, PA 1,480 1,240 1, % -11.5% -6.5% 82 Buffalo, NY 980 1,450 1, % 7.9% -21.4% 83 Birmingham, AL 670 1,220 1, % 25.8% -13.1% 84 Greensboro, NC 1,190 1,370 1, % -5.6% -22.6% 85 Charleston, SC 900 1,200 1, % 6.5% -15.0% 86 Green Bay, WI 1,110 1,110 1, % -4.1% -8.1% 87 Albany, NY % 2.1% 16.5% 88 Fresno, CA 530 1, % 35.3% -22.4% 89 Little Rock, AR 970 1, % -0.5% -11.1% 90 Peoria, IL % 1.6% -4.1% 91 Springfield, MO % 5.2% 13.3% 92 Greenville/Spartanburg, SC % 5.2% 82.4% 93 Eugene, OR 530 1, % 31.8% -10.7% 94 Knoxville, TN 970 1, % -2.6% -24.6% 95 Great Falls, MT 770 1, % 6.9% -26.1% 96 Columbia, SC 1,110 1, % -11.5% -28.7% 97 Rochester, NY % 3.0% 1.2% 98 Portland, ME 780 1, % 1.3% -21.6% 99 Casper, WY % 5.9% -11.9% 100 Kalispell, MT % -2.6% -12.9% Top 100 Markets 487, , , % 1.1% -5.3% Total Domestic Passengers 524, , , % 2.0% -3.5% page 5

7 FAR Airport Shares at Consolidated O&D Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market Area / Airport YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Boston Area 1 Boston, MA 5,150 5,830 5, % 6.9% 1.0% 2 Providence, RI 1,340 1,470 1, % -2.3% -12.9% 3 Manchester, NH 1,210 1,120 1, % -0.8% 6.3% Total of Above 7,700 8,420 8, % 4.2% -0.7% Chicago Area 1 Chicago O'Hare, IL 32,740 28,260 27, % -8.7% -3.4% 2 Milwaukee, WI 5,080 4,510 4, % -2.7% 6.7% 3 Chicago Midway, IL 2,730 2,460 2, % -8.4% -6.9% 4 Madison, WI 1,910 2,120 2, % 4.6% -1.4% 5 Rockford, IL % 100.0% 100.0% Total of Above 42,460 37,350 36, % -7.3% -2.3% Cleveland Area 1 Cleveland, OH 3,060 3,100 2, % -3.3% -7.7% 2 Akron/Canton, OH % -22.0% -36.4% Total of Above 3,520 3,540 3, % -5.6% -11.3% Dallas / Fort Worth 1 Dallas/Ft Worth, TX 11,130 11,460 9, % -6.2% -14.6% 2 Dallas Love Field, TX % % 100.0% Total of Above 11,150 11,460 9, % -6.3% -14.6% Detroit Area 1 Detroit, MI 6,380 5,520 5, % -4.7% 5.1% 2 Lansing, MI % -3.9% -3.2% 3 Flint, MI % -25.1% -22.0% 4 Toledo, OH % -16.0% 20.0% Total of Above 7,770 6,650 6, % -6.2% 2.9% Florida - East 1 Orlando, FL 11,290 12,280 13, % 10.2% 11.6% 2 Jacksonville, FL 2,160 1,970 2, % -3.1% 3.0% 3 Daytona Beach, FL % 82.6% 100.0% 4 Melbourne, FL % 100.0% -11.1% Total of Above 13,480 14,390 15, % 8.7% 10.6% Florida - South 1 Fort Lauderdale, FL 3,390 3,370 3, % -3.3% -5.9% 2 Miami, FL 3,800 3,030 2, % -13.4% -5.9% 3 West Palm Beach, FL % 12.3% -9.4% 4 Key West, FL % 36.9% 80.0% 5 Marathon, FL % 100.0% 100.0% Total of Above 7,890 7,290 7, % -5.5% -3.3% Florida - West 1 Tampa, FL 5,280 5,980 5, % -1.6% -14.5% 2 Fort Myers, FL 3,840 3,780 3, % -0.8% 0.0% 3 Sarasota/Bradenton, FL % -17.6% -17.4% 4 Naples, FL % 100.0% 100.0% 5 St. Petersburg/Clearwater, FL % 100.0% 100.0% Total of Above 9,400 9,990 9, % -1.7% -9.1% continued on page 7 page 6

8 0 Airport Shares at Consolidated O&D Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market Area / Airport YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Front Range - Colorado 1 Denver, CO 35,220 38,110 37, % 3.5% -1.0% 2 Colorado Springs, CO 2,800 2,800 2, % 3.0% 6.1% Total of Above 38,020 40,910 40, % 3.5% -0.5% Houston 1 Houston IAH, TX 6,290 6,970 5, % -4.1% -17.1% 2 Houston Hobby, TX % 22.5% -57.1% Total of Above 6,310 7,040 5, % -4.0% -17.5% Los Angeles Basin 1 Los Angeles, CA 11,170 10,700 9, % -9.6% -14.8% 2 Orange County, CA 6,500 6,500 5, % -5.6% -10.9% 3 Ontario, CA 3,600 3,030 2, % -14.9% -13.9% 4 Burbank, CA % 5.4% -25.5% 5 Long Beach, CA % 93.6% 7.1% Total of Above 21,940 21,310 18, % -8.5% -13.8% New York City / Newark Area 1 New York La Guardia, NY 6,670 7,310 7, % 6.8% 4.1% 2 New York Newark, NJ 5,590 5,010 4, % -12.3% -14.2% 3 New York J F Kennedy, NY 580 1,320 1, % 44.4% -8.3% 4 White Plains, NY % -17.7% -30.2% 5 Newburgh, NY % 25.8% 375.0% 6 Long Island, NY % -42.3% -50.0% Total of Above 13,980 14,660 13, % 0.0% -4.6% Philadelphia Area 1 Philadelphia, PA 4,810 5,120 4, % 0.3% -5.5% 2 Allentown, PA % 4.8% -23.3% Total of Above 5,320 5,850 5, % 0.7% -7.7% Phoenix / Mesa 1 Phoenix, AZ 30,800 29,100 23, % -13.5% -20.9% 2 Phoenix-Mesa Gateway, AZ 0 0 2, % 100.0% 100.0% Total of Above 30,800 29,100 25, % -9.1% -12.5% San Francisco Bay 1 San Francisco, CA 8,470 8,580 8, % -2.4% -5.9% 2 San Jose, CA 4,160 4,030 3, % -9.2% -14.9% 3 Oakland, CA 900 1,360 1, % 27.4% 7.4% 4 Santa Rosa, CA % 100.0% 100.0% Total of Above 13,530 13,970 12, % -2.1% -7.2% Virginia - Southeast 1 Norfolk, VA 2,180 1,700 1, % -12.5% -1.8% 2 Richmond, VA 1,210 1,470 1, % -0.8% -19.0% 3 Newport News, VA % 100.0% -11.1% Total of Above 3,410 3,260 2, % -7.1% -9.8% Washington / Baltimore 1 Washington National, DC 12,440 11,910 10, % -7.4% -10.5% 2 Baltimore, MD 4,690 4,800 4, % -2.5% -7.1% 3 Washington Dulles, DC 3,610 4,080 3, % 2.7% -6.6% Total of Above 20,740 20,790 18, % -4.5% -8.9% page 7

9 FAR Top 20 Passenger Growth Markets at Fargo Twelve Months Ended March 2007 to Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers - Top 100 Markets Total Paxs Paxs PDEW Growth Market YE Mar 08 Growth Growth Rate 1 Orlando/Sanford, FL 13,710 1, % 2 New Orleans, LA 2,800 1, % 3 Tulsa, OK 1, % 4 Kansas City, MO 6, % 5 El Paso, TX 1, % 6 Greenville/Spartanburg, SC % 7 Memphis, TN 2, % 8 Albuquerque, NM 3, % 9 Pasco, WA 1, % 10 Oklahoma City, OK 2, % 11 Milwaukee, WI 4, % 12 Nashville, TN 4, % 13 Detroit, MI 5, % 14 Omaha, NE 2, % 15 Columbus, OH 3, % 16 Austin, TX 3, % 17 Bull. City/Laughlin, AZ 1, % 18 Colorado Springs, CO 2, % 19 Hartford, CT 2, % 20 Albany, NY % Total of Above 69,000 8, % Top 20 Percentage Growth Markets at Fargo Twelve Months Ended March 2007 to Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers - Top 100 Markets Total Paxs Paxs PDEW Growth Market YE Mar 08 Growth Growth Rate 1 Greenville/Spartanburg, SC % 2 New Orleans, LA 2,800 1, % 3 Tulsa, OK 1, % 4 El Paso, TX 1, % 5 Pasco, WA 1, % 6 Memphis, TN 2, % 7 Albany, NY % 8 Oklahoma City, OK 2, % 9 Springfield, MO % 10 Bull. City/Laughlin, AZ 1, % 11 Orlando/Sanford, FL 13,710 1, % 12 Omaha, NE 2, % 13 Albuquerque, NM 3, % 14 Wichita, KS 1, % 15 Columbus, OH 3, % 16 Austin, TX 3, % 17 Nashville, TN 4, % 18 Kansas City, MO 6, % 19 Oakland, CA 1, % 20 Milwaukee, WI 4, % Total of Above 60,920 7, % page 8

10 FAR Top 50 Domestic Origin & Destination Markets - Passengers Originating at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Las Vegas, NV 31,810 47,570 46, % 20.3% -3.3% 2 Denver, CO 18,250 17,420 18, % 0.2% 5.2% 3 Phoenix/Mesa, AZ 19,640 17,940 15, % -9.9% -11.1% 4 Chicago, IL 17,510 14,800 14, % -10.3% -4.8% 5 Orlando/Sanford, FL 9,440 10,130 11, % 12.3% 17.5% 6 Washington, DC 10,310 10,480 9, % -5.5% -12.1% 7 Seattle/Tacoma, WA 8,450 8,770 8, % 2.8% 1.8% 8 New York/Newark, NY 7,360 8,220 8, % 4.8% -1.7% 9 Minneapolis, MN 8,450 9,140 7, % -8.1% -22.0% 10 San Diego, CA 6,120 6,590 6, % 0.8% -5.6% 11 Dallas/Ft Worth, TX 6,450 6,940 5, % -6.7% -19.2% 12 Portland, OR 5,290 5,450 5, % -2.7% -8.1% 13 Los Angeles, CA 6,260 5,690 4, % -11.5% -13.9% 14 San Francisco, CA 5,290 5,450 4, % -5.3% -13.0% 15 Atlanta, GA 4,370 5,260 4, % 3.9% -10.3% 16 St Louis, MO 3,220 3,670 3, % 11.2% 8.4% 17 Salt Lake City, UT 3,130 4,470 3, % 11.3% -13.2% 18 Orange County, CA 3,860 3,950 3, % -1.2% -4.6% 19 Tampa/St Petersburg, FL 3,520 4,200 3, % -1.6% -18.8% 20 Boston, MA 3,090 3,850 3, % 3.7% -13.8% 21 Kansas City, MO 3,230 2,930 3, % 0.3% 10.9% 22 Fort Myers, FL 2,900 2,920 3, % 3.9% 7.2% 23 Honolulu, HI 2,740 3,420 3, % 5.9% -10.2% 24 Detroit, MI 2,970 2,760 3, % 1.0% 9.8% 25 San Antonio, TX 3,010 3,530 2, % -1.5% -17.3% 26 Houston, TX 3,730 4,070 2, % -11.7% -28.5% 27 Indianapolis, IN 2,540 2,880 2, % 3.9% -4.9% 28 Reno, NV 2,290 2,900 2, % 8.2% -7.6% 29 Philadelphia, PA 2,710 2,820 2, % -2.2% -8.2% 30 Nashville, TN 2,250 2,280 2, % 5.2% 9.2% 31 Albuquerque, NM 1,730 2,080 2, % 19.0% 17.8% 32 Miami, FL 3,130 2,510 2, % -13.2% -6.0% 33 Sacramento, CA 2,920 2,650 2, % -10.3% -11.3% 34 Baltimore, MD 2,400 2,830 2, % -1.0% -17.0% 35 Anchorage, AK 2,160 2,220 2, % 3.4% 4.1% 36 Fort Lauderdale, FL 2,600 2,260 2, % -7.4% -1.3% 37 Tucson, AZ 2,060 3,130 2, % 2.6% -30.7% 38 Charlotte, NC 1,770 2,010 2, % 8.7% 4.0% 39 New Orleans, LA 1,320 1,040 2, % 25.8% 101.0% 40 Milwaukee, WI 1,990 1,920 2, % 0.5% 4.7% 41 Memphis, TN 1,640 1,680 1, % 6.2% 10.1% 42 Austin, TX 1,430 1,440 1, % 11.6% 23.6% 43 Boise, ID 1,430 1,710 1, % 10.9% 2.9% 44 San Jose, CA 2,030 1,680 1, % -9.3% -0.6% 45 Palm Springs, CA 1,270 1,760 1, % 14.0% -6.3% 46 Colorado Springs, CO 1,510 1,400 1, % 0.7% 9.3% 47 Spokane, WA 1,550 1,590 1, % -1.0% -4.4% 48 Columbus, OH 1,520 1,510 1, % -0.3% 0.0% 49 Cincinnati, OH 1,300 1,350 1, % 7.4% 11.1% 50 Raleigh/Durham, NC 1,510 1,540 1, % -2.0% -5.8% Top 50 Markets 247, , , % 1.8% -4.5% Total Originated Passengers 305, , , % 2.9% -2.0% page 9

11 FAR Top 50 Domestic Origin & Destination Markets - Passengers Visiting Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Denver, CO 16,270 19,900 18, % 7.1% -6.2% 2 Chicago, IL 17,390 15,310 14, % -7.5% -2.7% 3 Minneapolis, MN 14,300 13,770 14, % 0.9% 5.7% 4 Phoenix/Mesa, AZ 11,090 11,070 9, % -7.7% -14.6% 5 Seattle/Tacoma, WA 7,670 8,730 8, % 5.3% -2.5% 6 Las Vegas, NV 3,910 9,070 8, % 45.4% -8.8% 7 Washington, DC 5,580 5,380 5, % -3.4% -3.2% 8 New York/Newark, NY 5,360 5,260 4, % -4.6% -7.2% 9 Portland, OR 4,710 4,250 4, % -3.3% 3.5% 10 Dallas/Ft Worth, TX 4,670 4,480 4, % -5.8% -7.6% 11 Los Angeles, CA 4,810 4,850 4, % -7.6% -15.3% 12 Kansas City, MO 3,110 3,270 3, % 3.8% 2.4% 13 Salt Lake City, UT 2,020 4,080 3, % 28.0% -18.9% 14 San Francisco, CA 3,120 3,010 3, % 1.1% 6.0% 15 Atlanta, GA 2,550 4,450 3, % 10.3% -30.3% 16 St Louis, MO 2,720 3,060 2, % 2.7% -6.2% 17 Houston, TX 2,540 2,930 2, % 5.9% -2.7% 18 Milwaukee, WI 3,050 2,540 2, % -4.7% 9.1% 19 Detroit, MI 3,350 2,740 2, % -9.9% -0.7% 20 San Diego, CA 3,430 3,110 2, % -11.9% -14.5% 21 Sacramento, CA 2,680 2,830 2, % -1.5% -8.1% 22 Boston, MA 2,030 1,940 2, % 11.9% 30.9% 23 Philadelphia, PA 2,080 2,260 2, % 2.4% -3.5% 24 Baltimore, MD 2,230 1,960 2, % -3.7% 5.6% 25 Orange County, CA 2,580 2,490 2, % -12.0% -19.7% 26 Indianapolis, IN 2,230 1,830 1, % -8.7% 1.6% 27 Orlando/Sanford, FL 1,730 2,100 1, % 1.1% -15.7% 28 San Jose, CA 2,080 2,340 1, % -10.1% -28.2% 29 Tampa/St Petersburg, FL 1,750 1,760 1, % -2.3% -5.1% 30 Columbus, OH 1,310 1,370 1, % 10.5% 16.8% 31 Raleigh/Durham, NC 1,530 1,830 1, % 1.6% -13.7% 32 Nashville, TN 1,280 1,480 1, % 10.8% 6.1% 33 Tucson, AZ 1,060 1,920 1, % 20.9% -19.3% 34 Boise, ID 1,820 2,030 1, % -8.3% -24.6% 35 Hartford, CT 1,420 1,620 1, % 3.8% -5.6% 36 Cleveland, OH 1,780 1,590 1, % -7.6% -4.4% 37 Charlotte, NC 1,110 1,690 1, % 13.9% -14.8% 38 Colorado Springs, CO 1,290 1,380 1, % 5.7% 4.3% 39 Ontario, CA 1,960 1,620 1, % -14.3% -11.1% 40 Spokane, WA 1,420 1,620 1, % -1.8% -15.4% 41 Des Moines, IA 1,780 1,550 1, % -13.2% -13.5% 42 Anchorage, AK 1,480 1,580 1, % -5.9% -17.1% 43 Reno, NV 1,230 1,510 1, % 3.2% -13.2% 44 Omaha, NE 1,240 1,220 1, % 2.0% 5.7% 45 Albuquerque, NM 1,140 1,300 1, % 6.0% -1.5% 46 Austin, TX 1,060 1,370 1, % 9.0% -8.0% 47 San Antonio, TX 1,170 1,280 1, % 3.8% -1.6% 48 Moline, IL 990 1,120 1, % 5.4% -1.8% 49 Memphis, TN , % 12.2% 32.5% 50 Billings, MT % 5.5% 0.0% Top 50 Markets 168, , , % 0.6% -5.8% Total Visiting Passengers 214, , , % 0.7% -5.8% page 10

12 FAR Top 20 International Origin & Destination Passenger Gateways at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Minneapolis, MN 17,100 17,930 20, % 9.1% 13.6% 2 Chicago, IL 5,670 7,140 9, % 28.2% 30.5% 3 Denver, CO 2,140 2,580 2, % 15.2% 10.1% 4 Detroit, MI 2,640 1,850 2, % -5.3% 28.1% 5 Memphis, TN 1,760 1,350 1, % 0.8% 32.6% 6 Houston, TX 1,600 1,860 1, % -8.5% -28.0% 7 New York/Newark, NY % 33.7% 20.8% 8 Atlanta, GA % 150.5% 43.8% 9 Los Angeles, CA % -10.1% -26.7% 10 San Francisco, CA % 20.8% 0.0% 11 Washington, DC % 59.7% 82.1% 12 Miami, FL % -6.5% 0.0% 13 Seattle/Tacoma, WA % 46.8% -22.2% 14 Anchorage, AK % 34.2% 20.0% 15 Phoenix/Mesa, AZ % -20.5% 300.0% 16 Salt Lake City, UT % 231.7% -66.7% 17 Hartford, CT % 100.0% 100.0% 18 Boston, MA % 26.5% 14.3% 19 Fort Lauderdale, FL % 41.4% -11.1% 20 Portland, OR % -8.7% -64.3% Total Gateway Passengers 34,290 37,580 43, % 12.2% 14.8% Top 20 Domestic Origin & Destination Zero Fare Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Denver, CO 2,000 4,240 4, % 49.3% 5.2% 2 Phoenix/Mesa, AZ 4,070 4,320 4, % 4.2% 2.3% 3 Chicago, IL 1,750 2,530 2, % 23.1% 4.7% 4 Washington, DC 2,060 1,910 2, % 1.4% 11.0% 5 New York/Newark, NY 1,720 2,120 2, % 8.6% -4.2% 6 Orlando/Sanford, FL 1,920 1,990 1, % -1.6% -6.5% 7 Las Vegas, NV 2,670 2,110 1, % -19.3% -17.5% 8 Seattle/Tacoma, WA 1,560 1,670 1, % 3.2% -0.6% 9 San Diego, CA 1,080 1,030 1, % 12.6% 33.0% 10 Los Angeles, CA 1,510 1,700 1, % -6.1% -21.8% 11 Houston, TX 1,010 1,410 1, % 8.1% -16.3% 12 Portland, OR 1,390 1,000 1, % -9.4% 14.0% 13 Minneapolis, MN , % 14.4% 12.2% 14 San Francisco, CA 1,310 1,130 1, % -8.4% -2.7% 15 Orange County, CA 880 1,160 1, % 8.7% -10.3% 16 Salt Lake City, UT % 39.9% 28.8% 17 Dallas/Ft Worth, TX 700 1, % 12.1% -12.9% 18 Atlanta, GA % 23.2% 21.4% 19 Fort Myers, FL % -4.5% 6.4% 20 Anchorage, AK % 3.7% -1.4% Total Zero Fare Passengers 50,770 55,870 56, % 5.3% 0.8% page 11

13 FAR Top 100 Domestic Origin and Destination Revenue Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers RDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Las Vegas, NV $5,037,460 $7,011,820 $7,343,800 $10, % 20.7% 4.7% 2 Chicago, IL $6,440,250 $6,497,340 $7,279,260 $9, % 6.3% 12.0% 3 Denver, CO $4,927,080 $6,325,580 $6,703,760 $9, % 16.6% 6.0% 4 Phoenix/Mesa, AZ $5,256,380 $4,983,860 $4,735,960 $6, % -5.1% -5.0% 5 Seattle/Tacoma, WA $3,521,870 $3,785,390 $4,360,210 $5, % 11.3% 15.2% 6 Minneapolis, MN $3,463,170 $3,858,410 $3,944,040 $5, % 6.7% 2.2% 7 Washington, DC $2,907,520 $3,053,690 $3,262,250 $4, % 5.9% 6.8% 8 New York/Newark, NY $2,597,060 $2,938,320 $3,061,840 $4, % 8.6% 4.2% 9 Orlando/Sanford, FL $1,997,090 $2,344,320 $2,864,690 $3, % 19.8% 22.2% 10 Dallas/Ft Worth, TX $2,275,110 $2,413,680 $2,239,630 $3, % -0.8% -7.2% 11 Los Angeles, CA $2,249,830 $2,163,330 $2,125,470 $2, % -2.8% -1.8% 12 Portland, OR $1,816,150 $1,915,660 $2,010,210 $2, % 5.2% 4.9% 13 Atlanta, GA $1,589,460 $2,014,070 $1,919,620 $2, % 9.9% -4.7% 14 San Diego, CA $1,874,290 $1,976,170 $1,893,490 $2, % 0.5% -4.2% 15 St Louis, MO $1,279,090 $1,766,980 $1,829,630 $2, % 19.6% 3.5% 16 San Francisco, CA $1,586,650 $1,627,890 $1,789,880 $2, % 6.2% 10.0% 17 Kansas City, MO $1,354,210 $1,436,300 $1,739,440 $2, % 13.3% 21.1% 18 Boston, MA $967,360 $1,207,780 $1,570,260 $2, % 27.4% 30.0% 19 Salt Lake City, UT $1,006,400 $1,557,220 $1,522,930 $2, % 23.0% -2.2% 20 Detroit, MI $1,479,650 $1,199,300 $1,501,480 $2, % 0.7% 25.2% 21 Houston, TX $1,288,280 $1,578,290 $1,412,170 $1, % 4.7% -10.5% 22 Milwaukee, WI $1,078,570 $1,053,100 $1,268,800 $1, % 8.5% 20.5% 23 Philadelphia, PA $1,040,810 $1,275,120 $1,200,930 $1, % 7.4% -5.8% 24 Orange County, CA $1,182,040 $1,117,330 $1,183,590 $1, % 0.1% 5.9% 25 Indianapolis, IN $932,340 $984,480 $1,123,450 $1, % 9.8% 14.1% 26 Baltimore, MD $981,200 $1,040,420 $1,118,400 $1, % 6.8% 7.5% 27 Charlotte, NC $764,830 $1,014,180 $1,117,720 $1, % 20.9% 10.2% 28 Sacramento, CA $1,127,020 $1,123,490 $1,108,590 $1, % -0.8% -1.3% 29 San Antonio, TX $834,060 $1,082,180 $1,070,440 $1, % 13.3% -1.1% 30 Tampa/St Petersburg, FL $1,002,560 $1,221,750 $1,062,860 $1, % 3.0% -13.0% 31 Honolulu, HI $1,007,960 $1,272,990 $1,033,290 $1, % 1.2% -18.8% 32 Anchorage, AK $863,170 $982,620 $990,440 $1, % 7.1% 0.8% 33 Nashville, TN $686,690 $797,970 $973,610 $1, % 19.1% 22.0% 34 Reno, NV $607,170 $891,070 $928,040 $1, % 23.6% 4.1% 35 Hartford, CT $586,850 $624,120 $825,640 $1, % 18.6% 32.3% 36 Raleigh/Durham, NC $662,470 $750,950 $785,310 $1, % 8.9% 4.6% 37 Albuquerque, NM $496,480 $702,220 $781,740 $1, % 25.5% 11.3% 38 Boise, ID $583,340 $782,240 $764,590 $1, % 14.5% -2.3% 39 Austin, TX $517,750 $601,850 $763,420 $1, % 21.4% 26.8% 40 Cleveland, OH $665,590 $798,030 $760,000 $1, % 6.9% -4.8% 41 San Jose, CA $789,390 $956,750 $756,370 $1, % -2.1% -20.9% 42 New Orleans, LA $404,200 $397,950 $751,890 $1, % 36.4% 88.9% 43 Columbus, OH $531,580 $578,780 $751,270 $1, % 18.9% 29.8% 44 Tucson, AZ $559,360 $1,008,840 $730,010 $1, % 14.2% -27.6% 45 Fort Lauderdale, FL $672,600 $723,010 $729,000 $ % 4.1% 0.8% 46 Memphis, TN $517,710 $597,260 $728,810 $ % 18.6% 22.0% 47 Fort Myers, FL $663,070 $689,650 $720,490 $ % 4.2% 4.5% 48 Des Moines, IA $714,300 $586,100 $704,600 $ % -0.7% 20.2% 49 Ontario, CA $688,110 $716,690 $699,470 $ % 0.8% -2.4% 50 Miami, FL $735,600 $584,040 $684,950 $ % -3.5% 17.3% continued on page 13 page 12

14 Top 100 Domestic Origin and Destination Revenue Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers RDEW Percent of Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Omaha, NE $595,260 $517,790 $675,820 $ % 6.6% 30.5% 52 Cincinnati, OH $448,760 $566,900 $662,070 $ % 21.5% 16.8% 53 Moline, IL $491,800 $660,450 $618,590 $ % 12.2% -6.3% 54 Oklahoma City, OK $420,430 $444,710 $594,750 $ % 18.9% 33.7% 55 Spokane, WA $566,930 $672,070 $591,510 $ % 2.1% -12.0% 56 Pittsburgh, PA $636,610 $607,990 $553,930 $ % -6.7% -8.9% 57 Colorado Springs, CO $358,390 $467,780 $544,520 $ % 23.3% 16.4% 58 Kahului, HI $682,620 $477,550 $483,190 $ % -15.9% 1.2% 59 Madison, WI $336,700 $444,870 $480,880 $ % 19.5% 8.1% 60 Tulsa, OK $225,520 $235,650 $461,730 $ % 43.1% 95.9% 61 Palm Springs, CA $300,330 $451,630 $451,370 $ % 22.6% -0.1% 62 Jacksonville, FL $464,850 $390,610 $444,040 $ % -2.3% 13.7% 63 Billings, MT $413,990 $466,710 $417,980 $ % 0.5% -10.4% 64 Norfolk, VA $449,750 $387,840 $403,590 $ % -5.3% 4.1% 65 El Paso, TX $142,500 $216,310 $386,800 $ % 64.8% 78.8% 66 Oakland, CA $283,190 $409,530 $386,710 $ % 16.9% -5.6% 67 Grand Rapids, MI $266,910 $339,780 $375,970 $ % 18.7% 10.7% 68 Pasco, WA $164,400 $201,660 $355,010 $ % 46.9% 76.0% 69 Columbia, SC $284,540 $351,660 $353,270 $ % 11.4% 0.5% 70 Louisville, KY $385,040 $478,360 $350,130 $ % -4.6% -26.8% 71 Syracuse, NY $190,880 $318,880 $348,840 $ % 35.2% 9.4% 72 Buffalo, NY $193,990 $385,820 $345,610 $ % 33.5% -10.4% 73 Rapid City, SD $306,400 $375,050 $331,090 $ % 4.0% -11.7% 74 Dayton, OH $473,000 $445,330 $330,270 $ % -16.4% -25.8% 75 Providence, RI $241,280 $281,400 $323,030 $ % 15.7% 14.8% 76 Missoula, MT $206,270 $300,240 $322,100 $ % 25.0% 7.3% 77 Wichita, KS $273,330 $275,020 $317,600 $ % 7.8% 15.5% 78 Richmond, VA $231,700 $347,120 $312,360 $ % 16.1% -10.0% 79 Harrisburg, PA $364,670 $250,320 $310,700 $ % -7.7% 24.1% 80 Birmingham, AL $152,850 $330,580 $281,000 $ % 35.6% -15.0% 81 Little Rock, AR $229,590 $271,810 $273,000 $ % 9.0% 0.4% 82 Kona, HI $242,860 $164,070 $270,800 $ % 5.6% 65.1% 83 Greenville/Spartanburg, SC $207,840 $133,320 $268,950 $ % 13.8% 101.7% 84 Manchester, NH $227,780 $265,470 $263,680 $ % 7.6% -0.7% 85 Albany, NY $208,600 $218,460 $262,230 $ % 12.1% 20.0% 86 Greensboro, NC $220,300 $270,650 $256,860 $ % 8.0% -5.1% 87 Bull. City/Laughlin, AZ $233,380 $193,950 $246,630 $ % 2.8% 27.2% 88 Bozeman, MT $212,740 $293,630 $246,570 $ % 7.7% -16.0% 89 Peoria, IL $197,680 $236,590 $237,900 $ % 9.7% 0.6% 90 Knoxville, TN $202,580 $268,120 $229,360 $ % 6.4% -14.5% 91 Great Falls, MT $165,360 $280,250 $216,980 $ % 14.5% -22.6% 92 Cedar Rapids, IA $294,810 $323,860 $215,790 $ % -14.4% -33.4% 93 Springfield, MO $140,030 $179,020 $214,180 $ % 23.7% 19.6% 94 San Juan, PR $149,480 $90,480 $213,440 $ % 19.5% 135.9% 95 Fresno, CA $142,240 $248,550 $209,300 $ % 21.3% -15.8% 96 Green Bay, WI $181,000 $194,710 $203,170 $ % 5.9% 4.3% 97 Portland, ME $151,950 $224,110 $201,130 $ % 15.1% -10.3% 98 Fairbanks, AK $123,080 $130,980 $197,770 $ % 26.8% 51.0% 99 Idaho Falls, ID $57,290 $128,920 $194,190 $ % 84.1% 50.6% 100 Rochester, NY $141,130 $161,670 $193,600 $ % 17.1% 19.8% Top 100 Markets $91,093,790 $102,988,810 $108,657,730 $148, % 9.2% 5.5% Total Domestic Revenue $99,351,430 $112,651,480 $119,805,700 $164, % 9.8% 6.4% page 13

15 FAR Fared Average Fares at the Top 50 Domestic O&D Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample -- One-way Fared Average Fare Net of Taxes and Fees Itinerary Average Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 Mileage Yield Las Vegas, NV $ $ $ , % 8.8% 2 Denver, CO $ $ $ % 7.9% 3 Chicago, IL $ $ $ % 17.3% 4 Phoenix/Mesa, AZ $ $ $ , % 11.9% 5 Minneapolis, MN $ $ $ % 8.3% 6 Seattle/Tacoma, WA $ $ $ , % 15.3% 7 Washington, DC $ $ $ , % 21.8% 8 Orlando/Sanford, FL $ $ $ , % 6.1% 9 New York/Newark, NY $ $ $ , % 8.2% 10 Dallas/Ft Worth, TX $ $ $ , % 8.8% 11 Portland, OR $ $ $ , % 10.9% 12 Los Angeles, CA $ $ $ , % 13.5% 13 San Diego, CA $ $ $ , % 10.4% 14 San Francisco, CA $ $ $ , % 17.5% 15 Atlanta, GA $ $ $ , % 23.2% 16 Salt Lake City, UT $ $ $ % 22.7% 17 St Louis, MO $ $ $ % 6.9% 18 Kansas City, MO $ $ $ % 7.6% 19 Boston, MA $ $ $ , % 27.3% 20 Houston, TX $ $ $ , % 8.8% 21 Detroit, MI $ $ $ % 15.1% 22 Orange County, CA $ $ $ , % 19.1% 23 Tampa/St Petersburg, FL $ $ $ , % 3.2% 24 Sacramento, CA $ $ $ , % 14.2% 25 Philadelphia, PA $ $ $ , % -0.8% 26 Milwaukee, WI $ $ $ % 11.2% 27 Indianapolis, IN $ $ $ % 11.8% 28 Baltimore, MD $ $ $ , % 18.4% 29 San Antonio, TX $ $ $ , % 19.5% 30 Nashville, TN $ $ $ % 11.8% 31 Reno, NV $ $ $ , % 16.6% 32 Fort Myers, FL $ $ $ , % 6.2% 33 Albuquerque, NM $ $ $ , % -0.6% 34 Tucson, AZ $ $ $ , % 5.1% 35 Anchorage, AK $ $ $ , % 6.7% 36 Charlotte, NC $ $ $ , % 8.9% 37 San Jose, CA $ $ $ , % 1.2% 38 Honolulu, HI $ $ $ , % -3.5% 39 Boise, ID $ $ $ , % 11.8% 40 Fort Lauderdale, FL $ $ $ , % 9.6% 41 Columbus, OH $ $ $ % 16.4% 42 Raleigh/Durham, NC $ $ $ , % 16.6% 43 Austin, TX $ $ $ , % 20.6% 44 Colorado Springs, CO $ $ $ % 12.9% 45 Memphis, TN $ $ $ , % 6.2% 46 Spokane, WA $ $ $ , % 2.7% 47 Hartford, CT $ $ $ , % 23.6% 48 Cleveland, OH $ $ $ % 4.2% 49 Miami, FL $ $ $ , % 19.6% 50 New Orleans, LA $ $ $ , % 7.5% Average Fare $ $ $ , % 10.8% page 14

16 FAR Fared Average Yields at the Top 50 Domestic O&D Passenger Markets at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample -- Fared Passenger Fare Per Itinerary Mile Itinerary Average Avg. Ann. Change Market YE Mar 06 YE Mar 07 YE Mar 08 Mileage Fare Las Vegas, NV ,270 $ % 8.7% 2 Denver, CO $ % 10.1% 3 Chicago, IL $ % 17.3% 4 Phoenix/Mesa, AZ ,395 $ % 13.6% 5 Minneapolis, MN $ % 8.5% 6 Seattle/Tacoma, WA ,632 $ % 15.5% 7 Washington, DC ,175 $ % 20.8% 8 Orlando/Sanford, FL ,578 $ % 5.8% 9 New York/Newark, NY ,267 $ % 8.1% 10 Dallas/Ft Worth, TX ,114 $ % 9.4% 11 Portland, OR ,634 $ % 11.1% 12 Los Angeles, CA ,687 $ % 13.7% 13 San Diego, CA ,668 $ % 11.1% 14 San Francisco, CA ,743 $ % 16.9% 15 Atlanta, GA ,181 $ % 23.3% 16 Salt Lake City, UT $ % 20.6% 17 St Louis, MO $ % 7.0% 18 Kansas City, MO $ % 8.5% 19 Boston, MA ,385 $ % 26.2% 20 Houston, TX ,324 $ % 8.9% 21 Detroit, MI $ % 14.0% 22 Orange County, CA ,656 $ % 18.9% 23 Tampa/St Petersburg, FL ,572 $ % 3.3% 24 Sacramento, CA ,634 $ % 14.5% 25 Philadelphia, PA ,212 $ % -0.3% 26 Milwaukee, WI $ % 10.1% 27 Indianapolis, IN $ % 11.7% 28 Baltimore, MD ,177 $ % 18.5% 29 San Antonio, TX ,378 $ % 20.4% 30 Nashville, TN $ % 14.0% 31 Reno, NV ,428 $ % 16.2% 32 Fort Myers, FL ,668 $ % 6.2% 33 Albuquerque, NM ,110 $ % 1.6% 34 Tucson, AZ ,434 $ % 5.4% 35 Anchorage, AK ,914 $ % 5.2% 36 Charlotte, NC ,176 $ % 9.8% 37 San Jose, CA ,702 $ % 2.3% 38 Honolulu, HI ,227 $ % -3.9% 39 Boise, ID ,318 $ % 11.3% 40 Fort Lauderdale, FL ,776 $ % 9.9% 41 Columbus, OH $ % 15.5% 42 Raleigh/Durham, NC ,213 $ % 17.3% 43 Austin, TX ,330 $ % 21.5% 44 Colorado Springs, CO $ % 13.4% 45 Memphis, TN ,033 $ % 3.5% 46 Spokane, WA ,424 $ % 3.1% 47 Hartford, CT ,294 $ % 23.8% 48 Cleveland, OH $ % 3.2% 49 Miami, FL ,751 $ % 19.3% 50 New Orleans, LA ,360 $ % 6.8% Average Yield ,182 $ % 11.4% page 15

17 FAR Top 15 Domestic Origin and Destination Passenger Airlines at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Airline YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Northwest 337, , , % -7.6% -9.2% 2 United 141, , , % 10.1% -1.7% 3 Allegiant Air 12,690 33,040 49, % 97.4% 49.6% 4 Delta 2,090 28,400 25, % 250.5% -9.6% 5 Commuters 22,400 5,270 4, % -56.5% -19.5% 6 American 1,450 1,630 1, % 10.8% 9.2% 7 Sun Country 3,290 1,890 1, % -27.9% -9.5% 8 Continental 2,330 2,350 1, % -21.4% -38.7% 9 US Airways , % 17.1% 35.8% 10 Alaska % 1.0% 8.9% 11 Frontier % 178.4% 121.4% 12 Midwest % 100.0% 700.0% 13 Aloha % 29.1% 150.0% 14 Hawaiian % 41.4% -33.3% 15 American Trans Air % 0.0% 0.0% Total of Above 524, , , % 2.0% -3.5% Total Domestic Passengers 524, , , % 2.0% -3.5% Top 15 Domestic Origin and Destination Revenue Airlines at Fargo ed by Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Revenue RDEW Percent of Avg. Ann. Change Airline YE Mar 06 YE Mar 07 YE Mar 08 YE Mar 08 YE Mar Northwest $65,170,530 $64,930,040 $66,493,270 $91, % 1.0% 2.4% 2 United $27,667,930 $35,899,600 $39,333,650 $53, % 19.2% 9.6% 3 Allegiant Air $1,458,790 $3,654,510 $6,089,900 $8, % 104.3% 66.6% 4 Delta $547,800 $5,447,770 $5,361,200 $7, % 212.8% -1.6% 5 American $427,790 $589,850 $656,140 $ % 23.8% 11.2% 6 US Airways $265,700 $343,440 $439,410 $ % 28.6% 27.9% 7 Commuters $2,539,670 $542,220 $437,340 $ % -58.5% -19.3% 8 Continental $667,950 $744,780 $379,840 $ % -24.6% -49.0% 9 Sun Country $387,570 $242,550 $246,630 $ % -20.2% 1.7% 10 Alaska $143,700 $158,800 $185,000 $ % 13.5% 16.5% 11 Frontier $12,360 $37,810 $109,580 $ % 197.8% 189.8% 12 Hawaiian $7,840 $36,240 $24,810 $34 0.0% 77.9% -31.5% 13 Aloha $12,480 $5,610 $19,610 $27 0.0% 25.4% 249.6% 14 American Trans Air $11,160 $10,050 $18,550 $25 0.0% 28.9% 84.6% 15 Midwest $0 $2,920 $9,040 $12 0.0% 100.0% 209.6% Total of Above $99,321,270 $112,646,190 $119,803,970 $164, % 9.8% 6.4% Total Domestic Revenue $99,351,430 $112,651,480 $119,805,700 $164, % 9.8% 6.4% page 16

18 FAR Statistical Summary of Top 15 Domestic O&D Passenger Airlines at Fargo Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers Fared Zero Fared Total Passenger Itinerary Average Airline Passengers Passengers Passengers PDEW Share Mileage Coupons 1 Northwest 250,480 37, , % 1, United 157,190 14, , % 1, Allegiant Air 49, , % 1, Delta 21,890 3,790 25, % 1, Commuters 4, , % American 1, , % 1, Sun Country 1, , % 1, Continental , % 1, US Airways 1, , % 1, Alaska % 2, Frontier % 1, Midwest % 1, Aloha % 3, Hawaiian % 4, American Trans Air % 3, Total of Above 489,490 56, , % 1, Total of All Airlines 489,550 56, , % 1, Statistical Summary of Top 15 Domestic O&D Revenue Airlines at Fargo Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Revenue Total Revenue Average Average Fared Fared Airline Revenue RDEW Share Fare Yield Fare Yield 1 Northwest $66,493,270 $91, % $ $ United $39,333,650 $53, % $ $ Allegiant Air $6,089,900 $8, % $ $ Delta $5,361,200 $7, % $ $ American $656,140 $ % $ $ US Airways $439,410 $ % $ $ Commuters $437,340 $ % $ $ Continental $379,840 $ % $ $ Sun Country $246,630 $ % $ $ Alaska $185,000 $ % $ $ Frontier $109,580 $ % $ $ Hawaiian $24,810 $34 0.0% $ $ Aloha $19,610 $27 0.0% $ $ American Trans Air $18,550 $25 0.0% $ $ Midwest $9,040 $12 0.0% $ $ Total of Above $119,803,970 $164, % $ $ Total of All Airlines $119,805,700 $164, % $ $ page 17

19 FAR Carrier Shares at Top 50 Origin & Destination Passenger Markets at Fargo Twelve Months Ended March 2008 Approximates 100% Sample - Directional Journeyed Passengers NW UA G4 DL XX AA Market Northwest 23 United 30 Allegiant 17 Delta 12 Commuters 34 American 7 Total 1 Las Vegas, NV 8,810 6,130 37,240 2, ,300 2 Denver, CO 4,250 33, ,730 3 Chicago, IL 7,890 21, ,580 4 Phoenix/Mesa, AZ 13,700 7,390 2,430 1, ,460 5 Minneapolis, MN 18, , ,480 6 Seattle/Tacoma, WA 13,330 2, , ,500 7 Washington, DC 10,090 4, ,470 8 Orlando/Sanford, FL 11,070 2, ,710 9 New York/Newark, NY 10,090 2, , Dallas/Ft Worth, TX 8,050 1, , Portland, OR 5,470 2, , , Los Angeles, CA 5,360 2, , San Diego, CA 4,910 3, , San Francisco, CA 4,770 2, , Atlanta, GA 5,660 1, , Salt Lake City, UT 1,690 1, , , St Louis, MO 5,410 1, , Kansas City, MO 5,610 1, , Boston, MA 4,330 1, , Houston, TX 4,190 1, , Detroit, MI 4, , Orange County, CA 3,260 2, , Tampa/St Petersburg, FL 4, , Sacramento, CA 2,520 1, , Philadelphia, PA 3,430 1, , Milwaukee, WI 4, , Indianapolis, IN 3, , Baltimore, MD 3,220 1, , San Antonio, TX 3, , Nashville, TN 3, , Reno, NV 170 3, , Fort Myers, FL 3, , Albuquerque, NM 1,650 1, , Tucson, AZ 2,100 1, , Anchorage, AK 2, , Charlotte, NC 2, , San Jose, CA 1,620 1, , Honolulu, HI 2, , Boise, ID 1,780 1, , Fort Lauderdale, FL 2, , Columbus, OH 2, , Raleigh/Durham, NC 2, , Austin, TX 2, , Colorado Springs, CO 1,470 1, , Memphis, TN 2, , Spokane, WA 1, , Hartford, CT 2, , Cleveland, OH 1, , Miami, FL 2, , New Orleans, LA 1, ,800 Total of Above 230, ,960 39,670 18,490 4, , % 0.0% Total Domestic Passengers 287, ,740 49,440 25,680 4,240 1, ,870 FAR FAR1 FAR2 FAR3 FAR4 FAR5 FAR6 FAR0 page 18

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