Hector International Airport Fargo, North Dakota

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1 Hector International Airport Fargo, North Dakota Volume 072 Twelve Months Ended June 2007 November 2007 Airlines Serving Fargo Carried 830 Onboard Passengers Per Day for the Twelve Months Ended June 2007, up 1.9% over the previous 12 months. Highlights in This Issue The top domestic PASSENGER market at Fargo was Las Vegas, followed by Denver, Chicago, Phoenix 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. 55 passengers per day each way use alternate gateways. Fargo averaged 16.7 domestic DEPARTURES, 1,228 available SEATS, and 830 onboard PASSENGERS per day each way, while LOAD FACTORS at Fargo averaged 67.6% over the Twelve Months Ended June Among the top 150 domestic US Origin and Destination passenger airports, Fargo ranked 142nd in terms of PASSENGERS and 135th in terms of REVENUE. With an average one-way FARE of $225, Fargo ranked 23rd10th. Post Office Box West 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 43rd Statistical Summary of Top 150 United Airlines Airports - Fargo is ed 99th Statistical Summary of Top 61 Allegiant Air Airports - Fargo is ed 24th Statistical Summary of Top 204 Delta Air Lines Airports - Fargo is ed 203rd 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 142nd Top 150 Domestic US Origin and Destination Revenue Airports - Fargo is ed 135th Statistical Comparisons of Top 150 US Origin and Destination Airports - Fargo's Fares 10th Appendix 52 Glossary of Terms page 1

3 Non-stop Scheduled Passenger Service at Fargo as of November 2007 Top 20 Domestic O&D Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Las Vegas - 1 Denver - 2 Chicago - 3 Phoenix - 4 Minneapolis - 5 Seattle/Tacoma - 6 Washington - 7 New York - 8 Orlando - 9 Dallas/Ft Worth - 10 Los Angeles - 11 San Diego - 12 Portland, OR - 13 Atlanta - 14 Salt Lake City - 15 San Francisco - 16 Houston - 17 St Louis - 18 Orange County - 19 Kansas City ,400 29,970 29,540 22,780 17,830 15,540 13,710 11,590 10,970 10,480 9,610 9,530 9,480 8,980 8,470 7,260 7,080 6,930 6,350 page 2 55,470

4 Domestic O&D Passenger & Fare Changes at Fargo Twelve Months Ended June 2002 to Twelve Months Ended June 2007 O&D Passengers Fared Average Fare 600, , , , , , , ,000 $209 $189 $198 $200 $215 $225 0 YE 2Q 2002 YE 2Q 2003 YE 2Q 2004 YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 $0.00 Domestic O&D Revenue & Yield Changes at Fargo Twelve Months Ended June 2002 to Twelve Months Ended June 2007 O&D Revenue (thousands) Fared Average Yield 120,000 $105,374 $112,590 $90,224 $73,428 $76,425 $82,294 60, YE 2Q 2002 YE 2Q 2003 YE 2Q 2004 YE 2Q 2005 YE 2Q 2006 YE 2Q page 3

5 Top 100 Domestic Origin and Destination Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Las Vegas, NV 19,460 44,860 55, % 68.8% 23.7% 2 Denver, CO 36,800 36,630 37, % 0.8% 2.1% 3 Chicago, IL 36,640 33,800 29, % -9.6% -11.3% 4 Phoenix, AZ 27,670 29,580 29, % 3.3% -0.1% 5 Minneapolis, MN 23,240 23,880 22, % -1.0% -4.6% 6 Seattle/Tacoma, WA 17,340 16,340 17, % 1.4% 9.1% 7 Washington, DC 16,100 15,650 15, % -1.8% -0.7% 8 New York, NY 13,380 13,130 13, % 1.2% 4.4% 9 Orlando, FL 11,420 11,630 11, % 0.7% -0.3% 10 Dallas/Ft Worth, TX 10,220 11,670 10, % 3.6% -6.0% 11 Los Angeles, CA 10,300 10,970 10, % 0.9% -4.5% 12 San Diego, CA 9,700 9,760 9, % -0.5% -1.5% 13 Portland, OR 8,640 10,150 9, % 5.0% -6.1% 14 Atlanta, GA 7,110 7,560 9, % 15.5% 25.4% 15 Salt Lake City, UT 5,230 5,650 8, % 31.0% 58.9% 16 San Francisco, CA 7,900 8,700 8, % 3.5% -2.6% 17 Houston, TX 5,810 6,190 7, % 11.8% 17.3% 18 St Louis, MO 6,400 6,310 7, % 5.2% 12.2% 19 Orange County, CA 5,970 5,980 6, % 7.7% 15.9% 20 Kansas City, MO 6,290 6,190 6, % 0.5% 2.6% 21 Boston, MA 4,960 5,320 5, % 9.2% 11.3% 22 Tampa, FL 5,590 4,810 5, % 2.5% 22.0% 23 Detroit, MI 6,260 6,250 5, % -5.9% -11.4% 24 Sacramento, CA 5,610 5,980 5, % -3.1% -11.9% 25 Baltimore, MD 4,650 4,750 5, % 4.7% 7.4% 26 Philadelphia, PA 4,230 5,250 4, % 7.1% -7.6% 27 Tucson, AZ 2,870 3,730 4, % 27.8% 25.7% 28 San Antonio, TX 3,630 4,420 4, % 13.3% 5.4% 29 Indianapolis, IN 4,880 5,050 4, % -2.4% -7.9% 30 Milwaukee, WI 5,380 4,910 4, % -8.8% -9.0% 31 Reno, NV 3,610 4,000 4, % 7.6% 4.5% 32 Anchorage, AK 3,900 3,940 3, % -0.3% -1.5% 33 Charlotte, NC 2,690 3,250 3, % 19.3% 17.8% 34 Nashville, TN 3,980 3,480 3, % -2.9% 7.8% 35 Honolulu, HI 3,260 3,340 3, % 7.1% 12.0% 36 San Jose, CA 4,020 4,310 3, % -4.2% -14.4% 37 Fort Myers, FL 3,740 3,920 3, % -3.0% -10.2% 38 Boise, ID 2,790 3,500 3, % 11.8% -0.3% 39 Albuquerque, NM 3,140 2,940 3, % 4.7% 17.0% 40 Cleveland, OH 2,590 3,130 3, % 12.2% 4.2% 41 Spokane, WA 2,930 3,030 3, % 5.0% 6.6% 42 Fort Lauderdale, FL 3,470 3,400 3, % -4.3% -6.5% 43 Des Moines, IA 3,210 3,050 3, % -2.0% 1.0% 44 Raleigh/Durham, NC 3,060 3,330 3, % 0.2% -7.8% 45 Miami, FL 3,500 3,690 3, % -7.0% -17.9% 46 Pittsburgh, PA 2,340 2,710 2, % 10.7% 5.9% 47 Hartford, CT 2,790 2,740 2, % 0.4% 2.6% 48 Ontario, CA 3,770 3,280 2, % -13.7% -14.3% 49 Columbus, OH 3,060 2,740 2, % -4.7% 1.5% 50 Austin, TX 2,800 2,560 2, % -1.6% 5.9% continued on page 5 page 4

6 Top 100 Domestic Origin and Destination Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Colorado Springs, CO 2,970 2,900 2, % -5.4% -8.3% 52 Cincinnati, OH 2,130 2,210 2, % 9.4% 15.4% 53 Palm Springs, CA 1,570 1,610 2, % 24.9% 52.2% 54 Memphis, TN 2,360 2,510 2, % 1.1% -4.0% 55 Moline, IL 2,270 2,390 2, % -1.1% -7.1% 56 Omaha, NE 2,010 2,690 2, % 3.4% -20.1% 57 Madison, WI 2,410 1,830 2, % -6.0% 16.4% 58 Oklahoma City, OK 1,950 1,980 2, % 3.0% 4.5% 59 Jacksonville, FL 1,650 2,110 2, % 11.5% -2.8% 60 New Orleans, LA 3,800 1,560 1, % -28.5% 24.4% 61 Billings, MT 1,630 1,980 1, % 8.8% -2.5% 62 Missoula, MT 1,080 1,540 1, % 31.2% 20.8% 63 Norfolk, VA 1,870 1,960 1, % -1.3% -7.1% 64 Louisville, KY 1,300 1,970 1, % 15.4% -12.2% 65 Rapid City, SD 1,590 1,690 1, % 4.3% 2.4% 66 Syracuse, NY 1,070 1,170 1, % 24.6% 41.9% 67 Grand Rapids, MI 1,630 1,740 1, % -0.3% -6.9% 68 Oakland, CA 1, , % 6.2% 72.8% 69 Dayton, OH 1,550 2,210 1, % 0.0% -29.9% 70 Bozeman, MT 770 1,530 1, % 41.0% 0.0% 71 Providence, RI 1,400 1,450 1, % 2.5% 1.4% 72 Cedar Rapids, IA 1,570 1,570 1, % -4.2% -8.3% 73 Great Falls, MT , % 53.8% 71.1% 74 Kahului, HI 1,920 2,140 1, % -14.9% -35.0% 75 Tulsa, OK , % 21.2% 53.3% 76 Greensboro, NC 1,160 1,100 1, % 6.7% 20.0% 77 Harrisburg, PA 1,130 1,450 1, % 7.7% -9.7% 78 Richmond, VA 1,310 1,460 1, % -0.8% -11.6% 79 Birmingham, AL , % 38.1% 27.1% 80 Fresno, CA , % 120.0% 47.6% 81 Bull. City/Laughlin, AZ 930 1,740 1, % 13.6% -31.0% 82 Portland, ME 1, , % 8.5% 58.7% 83 Buffalo, NY 1,030 1,330 1, % 7.0% -11.3% 84 Green Bay, WI 1, , % 3.2% 15.2% 85 Wichita, KS 1,140 1,140 1, % -1.3% -2.6% 86 Knoxville, TN 870 1,080 1, % 13.0% 2.8% 87 Eugene, OR , % 82.6% 83.3% 88 El Paso, TX , % 63.1% 58.0% 89 Columbia, SC 760 1,230 1, % 17.0% -15.4% 90 Charleston, SC 960 1,110 1, % 3.1% -8.1% 91 Little Rock, AR , % 3.7% 6.3% 92 Peoria, IL 680 1, % 20.7% -2.9% 93 Manchester, NH 1,420 1, % -16.9% -19.0% 94 Rochester, NY % 16.1% 27.6% 95 Roanoke, VA % 16.7% 25.3% 96 Springfield, MO % 5.2% 22.1% 97 Casper, WY % 50.0% 30.4% 98 Pasco, WA % 88.7% 8.5% 99 Burbank, CA % 73.2% 7.4% 100 Santa Barbara, CA % 44.0% 45.6% Top 100 Markets 461, , , % 6.2% 3.7% Total Domestic Passengers 498, , , % 5.9% 3.4% page 5

7 FAR Airport Shares at Consolidated O&D Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market Area / Airport YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Boston Area 1 Boston, MA 4,960 5,320 5, % 9.2% 11.3% 2 Providence, RI 1,400 1,450 1, % 2.5% 1.4% 3 Manchester, NH 1,420 1, % -16.9% -19.0% 4 Worcester, MA % 100.0% 100.0% Total of Above 7,780 7,980 8, % 3.7% 4.9% Chicago Area 1 Chicago O'Hare, IL 34,210 31,300 27, % -10.2% -11.9% 2 Milwaukee, WI 5,380 4,910 4, % -8.8% -9.0% 3 Chicago Midway, IL 2,430 2,500 2, % -0.8% -4.4% 4 Madison, WI 2,410 1,830 2, % -6.0% 16.4% 5 Rockford, IL % 100.0% 100.0% 6 Gary, IN % 100.0% 100.0% Total of Above 44,430 40,540 36, % -9.3% -9.8% Cleveland Area 1 Cleveland, OH 2,590 3,130 3, % 12.2% 4.2% 2 Akron/Canton, OH % 2.5% -2.4% Total of Above 2,980 3,550 3, % 11.0% 3.4% Dallas / Fort Worth Area 1 Dallas/Ft Worth, TX 10,200 11,670 10, % 3.7% -6.0% 2 Dallas Love Field, TX % % 100.0% Total of Above 10,220 11,670 10, % 3.6% -6.0% Detroit Area 1 Detroit, MI 6,260 6,250 5, % -5.9% -11.4% 2 Lansing, MI % -19.0% 35.4% 3 Flint, MI % -30.3% -38.9% 4 Toledo, OH % 0.0% -6.3% Total of Above 8,080 7,430 6, % -9.1% -10.2% East Florida Area 1 Orlando, FL 11,420 11,630 11, % 0.7% -0.3% 2 Daytona Beach, FL % 11.8% 150.0% 3 Melbourne, FL % 32.3% 250.0% 4 Sanford, FL % 100.0% 100.0% Total of Above 11,540 11,690 11, % 0.9% 0.6% Colorado Front Range Area 1 Denver, CO 36,800 36,630 37, % 0.8% 2.1% 2 Colorado Springs, CO 2,970 2,900 2, % -5.4% -8.3% 3 Cheyenne, WY % 100.0% 171.4% 4 Pueblo, CO % 100.0% 100.0% Total of Above 39,770 39,600 40, % 0.6% 1.7% Houston Area 1 Houston Intercontinental, TX 5,690 6,190 7, % 12.3% 16.0% 2 Houston Hobby, TX % -18.4% 100.0% 3 Houston Ellington Field, TX % 100.0% 100.0% Total of Above 5,810 6,190 7, % 11.8% 17.3% continued on page 7 page 6

8 0 Airport Shares at Consolidated O&D Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market Area / Airport YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Los Angeles Area 1 Los Angeles, CA 10,300 10,970 10, % 0.9% -4.5% 2 Orange County, CA 5,970 5,980 6, % 7.7% 15.9% 3 Ontario, CA 3,770 3,280 2, % -13.7% -14.3% 4 Burbank, CA % 73.2% 7.4% 5 Long Beach, CA % 100.0% 900.0% Total of Above 20,380 21,060 21, % 2.2% 1.1% New York City Area 1 New York La Guardia, NY 7,130 7,150 7, % 2.4% 4.5% 2 New York Newark, NJ 5,800 5,160 4, % -8.4% -5.6% 3 New York J F Kennedy, NY , % 74.5% 67.1% 4 White Plains, NY 980 1, % -10.2% -26.2% 5 Newburgh, NY % 41.4% -27.3% 6 Long Island, NY % -29.3% 200.0% Total of Above 14,460 14,320 14, % 0.5% 2.0% Philadelphia Area 1 Philadelphia, PA 4,230 5,250 4, % 7.1% -7.6% 2 Allentown/Bethlehem, PA % 20.4% 24.6% Total of Above 4,720 5,820 5, % 8.5% -4.5% San Francisco Bay Area 1 San Francisco, CA 7,900 8,700 8, % 3.5% -2.6% 2 San Jose, CA 4,020 4,310 3, % -4.2% -14.4% 3 Oakland, CA 1, , % 6.2% 72.8% 4 Santa Rosa, CA % 100.0% 100.0% Total of Above 13,330 13,930 13, % 1.6% -1.3% South Florida Area 1 Fort Lauderdale, FL 3,470 3,400 3, % -4.3% -6.5% 2 Miami, FL 3,500 3,690 3, % -7.0% -17.9% 3 West Palm Beach, FL % 12.2% 36.0% 4 Key West, FL % 10.0% -11.5% 5 Marathon, FL % 100.0% 100.0% Total of Above 7,700 7,850 7, % -3.8% -9.3% Southern Virginia Area 1 Norfolk, VA 1,870 1,960 1, % -1.3% -7.1% 2 Richmond, VA 1,310 1,460 1, % -0.8% -11.6% 3 Newport News, VA % 100.0% 450.0% Total of Above 3,180 3,440 3, % 0.6% -6.4% Washington/Baltimore Area 1 Washington National, DC 11,530 12,180 11, % 0.2% -5.0% 2 Baltimore, MD 4,650 4,750 5, % 4.7% 7.4% 3 Washington Dulles, DC 4,570 3,470 3, % -6.8% 14.4% Total of Above 20,750 20,400 20, % -0.3% 1.2% West Florida Area 1 Tampa, FL 5,590 4,810 5, % 2.5% 22.0% 2 Fort Myers, FL 3,740 3,920 3, % -3.0% -10.2% 3 Sarasota/Bradenton, FL % -7.4% -7.7% 4 Naples, FL % 100.0% 100.0% Total of Above 9,610 8,990 9, % 0.1% 7.1% page 7

9 FAR Top 20 Passenger Growth Markets at Fargo Twelve Months Ended June 2006 to Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers - Top 100 Markets Total Paxs Paxs PDEW Growth Market YE 2Q 2007 Growth Growth Rate 1 Las Vegas, NV 55,470 10, % 2 Salt Lake City, UT 8,980 3, % 3 Atlanta, GA 9,480 1, % 4 Seattle/Tacoma, WA 17,830 1, % 5 Houston, TX 7,260 1, % 6 Tampa, FL 5,870 1, % 7 Tucson, AZ 4, % 8 Orange County, CA 6, % 9 Palm Springs, CA 2, % 10 St Louis, MO 7, % 11 Denver, CO 37, % 12 Oakland, CA 1, % 13 Boston, MA 5, % 14 Great Falls, MT 1, % 15 Charlotte, NC 3, % 16 New York, NY 13, % 17 Eugene, OR 1, % 18 Albuquerque, NM 3, % 19 Syracuse, NY 1, % 20 Tulsa, OK 1, % Total of Above 197,490 28, % Top 20 Percentage Growth Markets at Fargo Twelve Months Ended June 2006 to Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers - Top 100 Markets Total Paxs Paxs PDEW Growth Market YE 2Q 2007 Growth Growth Rate 1 Eugene, OR 1, % 2 Oakland, CA 1, % 3 Great Falls, MT 1, % 4 Salt Lake City, UT 8,980 3, % 5 Portland, ME 1, % 6 El Paso, TX 1, % 7 Tulsa, OK 1, % 8 Palm Springs, CA 2, % 9 Fresno, CA 1, % 10 Santa Barbara, CA % 11 Syracuse, NY 1, % 12 Casper, WY % 13 Rochester, NY % 14 Birmingham, AL 1, % 15 Tucson, AZ 4, % 16 Atlanta, GA 9,480 1, % 17 Roanoke, VA % 18 New Orleans, LA 1, % 19 Las Vegas, NV 55,470 10, % 20 Springfield, MO % Total of Above 99,450 23, % page 8

10 FAR Top 50 Domestic Origin & Destination Markets - Passengers Originating at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Las Vegas, NV 16,980 39,100 46, % 65.4% 18.8% 2 Phoenix, AZ 18,380 18,710 18, % 0.3% -1.2% 3 Denver, CO 19,050 18,200 17, % -4.7% -4.9% 4 Chicago, IL 18,570 16,710 14, % -12.3% -14.5% 5 Washington, DC 10,130 9,980 10, % 0.4% 2.4% 6 Orlando, FL 9,580 9,710 9, % 0.0% -1.3% 7 Seattle/Tacoma, WA 9,240 8,600 8, % -1.7% 3.8% 8 New York, NY 8,040 7,510 8, % 3.1% 13.7% 9 Minneapolis, MN 7,960 8,490 8, % 2.9% -0.7% 10 Dallas/Ft Worth, TX 4,970 7,040 6, % 17.6% -2.4% 11 San Diego, CA 6,690 6,290 6, % -0.1% 6.0% 12 Los Angeles, CA 5,790 6,390 5, % -1.9% -12.8% 13 San Francisco, CA 4,950 5,420 5, % 2.8% -3.5% 14 Portland, OR 4,230 5,500 5, % 10.7% -5.8% 15 Atlanta, GA 4,210 4,750 5, % 9.5% 6.3% 16 Salt Lake City, UT 3,200 3,320 4, % 18.6% 35.5% 17 Orange County, CA 3,320 3,580 4, % 15.6% 24.0% 18 St Louis, MO 3,260 3,460 4, % 11.5% 17.1% 19 Houston, TX 3,220 3,760 4, % 11.7% 6.9% 20 Tampa, FL 3,940 3,160 4, % 1.0% 27.2% 21 Boston, MA 3,330 3,240 3, % 7.0% 17.6% 22 Honolulu, HI 2,890 2,750 3, % 8.5% 23.6% 23 San Antonio, TX 2,870 3,160 3, % 7.6% 5.1% 24 Baltimore, MD 2,500 2,440 3, % 10.1% 24.2% 25 Kansas City, MO 3,010 3,230 2, % -1.0% -8.7% 26 Tucson, AZ 1,850 2,420 2, % 25.8% 21.1% 27 Fort Myers, FL 3,040 2,870 2, % -4.0% -2.4% 28 Philadelphia, PA 2,190 2,830 2, % 12.9% -1.4% 29 Reno, NV 2,460 2,450 2, % 5.9% 12.7% 30 Indianapolis, IN 2,520 2,730 2, % 4.5% 0.7% 31 Detroit, MI 2,980 2,830 2, % -4.3% -3.5% 32 Sacramento, CA 2,840 2,880 2, % -4.0% -9.0% 33 Miami, FL 2,750 3,100 2, % -4.7% -19.4% 34 Nashville, TN 2,610 2,040 2, % -5.1% 15.2% 35 Anchorage, AK 2,370 2,370 2, % -0.6% -1.3% 36 Albuquerque, NM 1,860 1,640 2, % 7.8% 31.7% 37 Fort Lauderdale, FL 2,410 2,650 2, % -6.4% -20.4% 38 Charlotte, NC 1,540 1,950 2, % 15.7% 5.6% 39 Palm Springs, CA 1,380 1,130 1, % 18.3% 70.8% 40 Milwaukee, WI 2,530 1,990 1, % -15.4% -9.0% 41 Spokane, WA 1,390 1,460 1, % 12.2% 19.9% 42 Boise, ID 1,390 1,500 1, % 10.9% 14.0% 43 San Jose, CA 1,920 1,910 1, % -8.1% -15.2% 44 Memphis, TN 1,470 1,710 1, % 0.7% -12.9% 45 Cincinnati, OH 1,360 1,180 1, % 4.7% 26.3% 46 Columbus, OH 1,500 1,440 1, % -1.0% 2.1% 47 Cleveland, OH 1,250 1,460 1, % 8.1% 0.0% 48 Austin, TX 1,570 1,420 1, % -3.9% 2.1% 49 Pittsburgh, PA 1,180 1,150 1, % 10.1% 24.3% 50 Des Moines, IA 1,590 1,340 1, % -6.2% 4.5% Top 50 Markets 230, , , % 7.5% 4.4% Total Originated Passengers 288, , , % 6.5% 4.2% page 9

11 FAR Top 50 Domestic Origin & Destination Markets - Passengers Visiting Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Denver, CO 17,180 17,750 19, % 6.0% 8.8% 2 Chicago, IL 17,710 16,400 15, % -7.6% -7.8% 3 Minneapolis, MN 14,480 14,390 13, % -2.7% -4.7% 4 Phoenix, AZ 9,240 10,800 10, % 9.0% 1.6% 5 Las Vegas, NV 2,430 5,670 8, % 92.1% 58.2% 6 Seattle/Tacoma, WA 8,040 7,650 8, % 4.9% 15.7% 7 Washington, DC 5,830 5,530 5, % -5.4% -5.6% 8 New York, NY 5,210 5,510 4, % -2.1% -9.4% 9 Los Angeles, CA 4,340 4,460 4, % 4.8% 7.0% 10 Atlanta, GA 2,850 2,720 4, % 24.0% 61.0% 11 Salt Lake City, UT 2,000 2,290 4, % 47.3% 89.5% 12 Portland, OR 4,360 4,570 4, % -0.3% -5.3% 13 Dallas/Ft Worth, TX 5,170 4,600 4, % -11.4% -11.7% 14 Kansas City, MO 3,200 2,940 3, % 2.8% 15.0% 15 Houston, TX 2,540 2,410 3, % 12.6% 33.6% 16 San Francisco, CA 2,870 3,180 3, % 3.9% -2.5% 17 St Louis, MO 3,080 2,840 2, % -1.6% 4.9% 18 San Diego, CA 2,980 3,450 2, % -1.2% -15.7% 19 Detroit, MI 3,230 3,370 2, % -7.1% -17.2% 20 Sacramento, CA 2,760 3,070 2, % -2.4% -14.3% 21 Milwaukee, WI 2,850 2,860 2, % -4.1% -8.4% 22 Orange County, CA 2,610 2,350 2, % -3.9% 2.6% 23 Boston, MA 1,590 2,070 2, % 14.1% 0.0% 24 Baltimore, MD 2,120 2,250 2, % -1.4% -8.4% 25 San Jose, CA 2,050 2,360 2, % -0.5% -14.0% 26 Philadelphia, PA 2,010 2,390 2, % 0.2% -15.5% 27 Orlando, FL 1,810 1,800 1, % 4.3% 9.4% 28 Indianapolis, IN 2,360 2,300 1, % -11.0% -18.7% 29 Tampa, FL 1,630 1,650 1, % 6.0% 10.9% 30 Boise, ID 1,390 1,990 1, % 12.8% -11.1% 31 Cleveland, OH 1,340 1,660 1, % 14.9% 6.6% 32 Tucson, AZ 1,010 1,300 1, % 31.6% 34.6% 33 Charlotte, NC 1,140 1,250 1, % 22.8% 37.6% 34 Raleigh/Durham, NC 1,260 1,700 1, % 16.8% 1.2% 35 Des Moines, IA 1,600 1,700 1, % 1.9% -2.4% 36 Hartford, CT 1,410 1,540 1, % 4.2% -0.6% 37 Anchorage, AK 1,510 1,570 1, % 0.3% -3.2% 38 Spokane, WA 1,530 1,540 1, % -2.0% -4.5% 39 Ontario, CA 2,030 1,830 1, % -15.2% -20.2% 40 Colorado Springs, CO 1,530 1,290 1, % -3.0% 11.6% 41 Reno, NV 1,110 1,530 1, % 12.3% -8.5% 42 Pittsburgh, PA 1,160 1,540 1, % 9.9% -9.1% 43 Nashville, TN 1,360 1,430 1, % 0.7% -3.5% 44 San Antonio, TX 750 1,250 1, % 32.7% 5.6% 45 Columbus, OH 1,560 1,300 1, % -8.7% 0.0% 46 Albuquerque, NM 1,230 1,280 1, % 2.0% 0.0% 47 Austin, TX 1,230 1,130 1, % 0.8% 10.6% 48 Omaha, NE 1,270 1,260 1, % -2.0% -3.2% 49 Moline, IL 1,130 1,090 1, % 2.2% 8.3% 50 Madison, WI 1,370 1,070 1, % -11.2% 0.9% Top 50 Markets 166, , , % 3.9% 3.3% Total Visiting Passengers 206, , , % 4.9% 2.4% page 10

12 FAR Top 20 International Origin & Destination Passenger Gateways at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Minneapolis, MN 16,680 16,680 19, % 6.7% 13.9% 2 Chicago, IL 4,040 5,690 7, % 36.9% 33.0% 3 Denver, CO 1,510 2,320 2, % 36.7% 21.6% 4 Detroit, MI 2,140 2,620 2, % 2.1% -14.9% 5 Houston, TX 1,800 1,720 1, % 4.3% 14.0% 6 Memphis, TN 1,540 1,620 1, % 1.0% -3.1% 7 New York, NY % 57.2% 37.7% 8 Los Angeles, CA % 20.8% 1.4% 9 Atlanta, GA % 77.5% 687.5% 10 San Francisco, CA % 8.5% 106.9% 11 Miami, FL % 4.8% 32.4% 12 Washington, DC % 43.3% 85.7% 13 Seattle/Tacoma, WA % 34.2% 50.0% 14 Salt Lake City, UT % 100.0% 775.0% 15 Anchorage, AK % 32.3% 7.7% 16 Portland, OR % -18.4% 25.0% 17 Boston, MA % -22.5% 50.0% 18 Dallas/Ft Worth, TX % 50.0% 50.0% 19 Fort Lauderdale, FL % 34.2% 200.0% 20 Phoenix, AZ % -6.5% -58.8% Total Gateway Passengers 30,900 34,070 40, % 14.3% 18.6% Top 20 Domestic Origin & Destination Zero Fare Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Phoenix, AZ 3,970 3,950 4, % 8.0% 17.2% 2 Denver, CO 1,040 2,600 4, % 106.6% 70.8% 3 Chicago, IL 1,010 2,150 2, % 51.9% 8.4% 4 New York, NY 2,360 1,780 2, % -3.2% 24.2% 5 Washington, DC 2,160 2,130 2, % -1.9% -2.3% 6 Las Vegas, NV 1,450 2,520 2, % 18.3% -19.4% 7 Orlando, FL 1,560 1,960 1, % 10.1% -3.6% 8 Seattle/Tacoma, WA 1,510 1,600 1, % 8.0% 10.0% 9 Los Angeles, CA 1,440 1,630 1, % 1.7% -8.6% 10 Houston, TX 950 1,040 1, % 22.7% 37.5% 11 Orange County, CA , % 23.4% 98.6% 12 San Diego, CA 1,090 1,010 1, % 3.2% 14.9% 13 San Francisco, CA 890 1,440 1, % 9.6% -25.7% 14 Portland, OR 980 1,260 1, % 1.5% -19.8% 15 Salt Lake City, UT % 59.3% 98.0% 16 Minneapolis, MN % 7.6% 3.3% 17 Dallas/Ft Worth, TX % 1.7% 3.5% 18 Atlanta, GA % 7.8% 62.3% 19 Fort Myers, FL % -7.4% -3.4% 20 Detroit, MI % 0.6% 23.4% Total Zero Fare Passengers 47,300 50,610 57, % 10.5% 14.1% page 11

13 FAR Top 100 Domestic Origin and Destination Revenue Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers RDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Las Vegas, NV $3,242,120 $5,894,010 $7,080,770 $9, % 47.8% 20.1% 2 Chicago, IL $5,155,790 $6,724,600 $6,409,710 $8, % 11.5% -4.7% 3 Denver, CO $4,446,090 $5,645,560 $6,149,160 $8, % 17.6% 8.9% 4 Phoenix, AZ $4,503,770 $5,194,310 $5,070,000 $6, % 6.1% -2.4% 5 Seattle/Tacoma, WA $3,589,900 $3,495,980 $3,970,840 $5, % 5.2% 13.6% 6 Minneapolis, MN $3,274,220 $3,581,640 $3,826,630 $5, % 8.1% 6.8% 7 Washington, DC $2,877,090 $2,855,620 $3,083,320 $4, % 3.5% 8.0% 8 New York, NY $2,336,720 $2,741,360 $3,021,080 $4, % 13.7% 10.2% 9 Dallas/Ft Worth, TX $2,246,460 $2,398,880 $2,364,470 $3, % 2.6% -1.4% 10 Orlando, FL $2,029,030 $2,152,490 $2,206,910 $3, % 4.3% 2.5% 11 Los Angeles, CA $1,960,130 $2,206,030 $2,204,330 $3, % 6.0% -0.1% 12 Portland, OR $1,633,450 $1,843,460 $1,985,050 $2, % 10.2% 7.7% 13 San Diego, CA $1,897,790 $1,973,610 $1,939,210 $2, % 1.1% -1.7% 14 Atlanta, GA $1,464,450 $1,752,270 $1,935,800 $2, % 15.0% 10.5% 15 St Louis, MO $1,295,040 $1,490,540 $1,763,880 $2, % 16.7% 18.3% 16 San Francisco, CA $1,540,880 $1,616,270 $1,642,050 $2, % 3.2% 1.6% 17 Salt Lake City, UT $1,040,290 $1,079,010 $1,634,380 $2, % 25.3% 51.5% 18 Houston, TX $1,373,780 $1,252,060 $1,623,700 $2, % 8.7% 29.7% 19 Kansas City, MO $1,250,080 $1,374,290 $1,494,740 $2, % 9.3% 8.8% 20 Detroit, MI $1,349,010 $1,521,410 $1,294,640 $1, % -2.0% -14.9% 21 Boston, MA $935,370 $1,021,550 $1,251,220 $1, % 15.7% 22.5% 22 Tampa, FL $920,280 $960,640 $1,209,540 $1, % 14.6% 25.9% 23 Baltimore, MD $883,840 $989,920 $1,177,730 $1, % 15.4% 19.0% 24 Orange County, CA $1,023,860 $1,167,360 $1,174,850 $1, % 7.1% 0.6% 25 Philadelphia, PA $934,040 $1,177,600 $1,166,850 $1, % 11.8% -0.9% 26 Honolulu, HI $989,470 $1,078,500 $1,165,020 $1, % 8.5% 8.0% 27 Sacramento, CA $1,099,600 $1,173,840 $1,137,590 $1, % 1.7% -3.1% 28 Charlotte, NC $653,150 $803,920 $1,105,310 $1, % 30.1% 37.5% 29 Milwaukee, WI $1,010,040 $1,100,570 $1,078,390 $1, % 3.3% -2.0% 30 San Antonio, TX $712,900 $914,870 $1,040,800 $1, % 20.8% 13.8% 31 Indianapolis, IN $881,550 $1,001,870 $1,003,560 $1, % 6.7% 0.2% 32 Anchorage, AK $804,610 $969,150 $976,630 $1, % 10.2% 0.8% 33 Tucson, AZ $507,200 $685,740 $969,710 $1, % 38.3% 41.4% 34 San Jose, CA $806,040 $891,150 $870,370 $1, % 3.9% -2.3% 35 Nashville, TN $733,750 $670,890 $843,330 $1, % 7.2% 25.7% 36 Reno, NV $598,730 $728,430 $841,970 $1, % 18.6% 15.6% 37 Cleveland, OH $565,360 $725,650 $837,690 $1, % 21.7% 15.4% 38 Boise, ID $491,320 $669,550 $740,400 $1, % 22.8% 10.6% 39 Albuquerque, NM $595,710 $553,500 $729,230 $ % 10.6% 31.7% 40 Hartford, CT $498,030 $598,650 $706,910 $ % 19.1% 18.1% 41 Des Moines, IA $579,960 $675,000 $688,000 $ % 8.9% 1.9% 42 Raleigh/Durham, NC $586,920 $729,820 $683,440 $ % 7.9% -6.4% 43 Ontario, CA $720,470 $693,590 $674,000 $ % -3.3% -2.8% 44 Pittsburgh, PA $470,770 $606,020 $670,330 $ % 19.3% 10.6% 45 Fort Lauderdale, FL $705,720 $683,800 $666,650 $ % -2.8% -2.5% 46 Spokane, WA $525,420 $611,990 $663,530 $ % 12.4% 8.4% 47 Fort Myers, FL $613,310 $707,430 $619,180 $ % 0.5% -12.5% 48 Miami, FL $719,050 $716,340 $610,380 $ % -7.9% -14.8% 49 Moline, IL $438,630 $603,840 $602,490 $ % 17.2% -0.2% 50 Columbus, OH $598,850 $538,780 $583,520 $ % -1.3% 8.3% continued on page 13 page 12

14 Top 100 Domestic Origin and Destination Revenue Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers RDEW Percent of Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Cincinnati, OH $492,830 $453,950 $574,710 $ % 8.0% 26.6% 52 Memphis, TN $559,530 $555,490 $572,110 $ % 1.1% 3.0% 53 Austin, TX $557,210 $548,790 $558,010 $ % 0.1% 1.7% 54 Omaha, NE $384,450 $629,080 $537,510 $ % 18.2% -14.6% 55 Oklahoma City, OK $401,110 $432,190 $500,490 $ % 11.7% 15.8% 56 Oakland, CA $375,420 $284,110 $467,030 $ % 11.5% 64.4% 57 Colorado Springs, CO $432,400 $400,190 $463,900 $ % 3.6% 15.9% 58 Palm Springs, CA $286,820 $305,490 $463,560 $ % 27.1% 51.7% 59 New Orleans, LA $756,900 $374,290 $460,660 $ % -22.0% 23.1% 60 Madison, WI $402,520 $348,100 $449,230 $ % 5.6% 29.1% 61 Kahului, HI $574,790 $743,650 $438,760 $ % -12.6% -41.0% 62 Billings, MT $300,790 $481,920 $433,440 $ % 20.0% -10.1% 63 Norfolk, VA $320,400 $417,720 $411,520 $ % 13.3% -1.5% 64 Louisville, KY $250,180 $447,010 $392,150 $ % 25.2% -12.3% 65 Dayton, OH $299,810 $539,490 $386,080 $ % 13.5% -28.4% 66 Jacksonville, FL $345,640 $481,840 $379,900 $ % 4.8% -21.2% 67 Syracuse, NY $194,050 $227,230 $370,290 $ % 38.1% 63.0% 68 Grand Rapids, MI $261,880 $317,470 $337,370 $ % 13.5% 6.3% 69 Rapid City, SD $239,720 $348,390 $335,490 $ % 18.3% -3.7% 70 Missoula, MT $179,730 $273,860 $330,770 $ % 35.7% 20.8% 71 Great Falls, MT $140,650 $202,140 $329,710 $ % 53.1% 63.1% 72 Tulsa, OK $193,060 $204,120 $314,120 $ % 27.6% 53.9% 73 Birmingham, AL $123,560 $257,240 $312,310 $ % 59.0% 21.4% 74 Columbia, SC $164,010 $351,940 $304,740 $ % 36.3% -13.4% 75 Richmond, VA $261,270 $305,040 $288,680 $ % 5.1% -5.4% 76 Cedar Rapids, IA $261,930 $299,480 $288,460 $ % 4.9% -3.7% 77 Providence, RI $224,890 $297,540 $285,990 $ % 12.8% -3.9% 78 Buffalo, NY $170,360 $323,590 $284,450 $ % 29.2% -12.1% 79 Greensboro, NC $236,530 $216,390 $282,460 $ % 9.3% 30.5% 80 Harrisburg, PA $248,880 $331,390 $278,680 $ % 5.8% -15.9% 81 Bozeman, MT $117,910 $267,460 $269,740 $ % 51.3% 0.9% 82 Wichita, KS $263,650 $287,000 $266,640 $ % 0.6% -7.1% 83 Portland, ME $189,470 $155,600 $259,310 $ % 17.0% 66.7% 84 Little Rock, AR $207,070 $230,120 $258,920 $ % 11.8% 12.5% 85 Knoxville, TN $135,580 $219,270 $251,800 $ % 36.3% 14.8% 86 Fresno, CA $61,040 $198,920 $250,740 $ % 102.7% 26.1% 87 El Paso, TX $108,690 $157,510 $248,230 $ % 51.1% 57.6% 88 Peoria, IL $156,110 $208,300 $240,390 $ % 24.1% 15.4% 89 Manchester, NH $256,720 $255,930 $222,220 $ % -7.0% -13.2% 90 Albany, NY $197,970 $187,820 $216,810 $ % 4.7% 15.4% 91 Springfield, MO $145,960 $131,550 $216,670 $ % 21.8% 64.7% 92 Burbank, CA $78,970 $173,790 $216,230 $ % 65.5% 24.4% 93 Eugene, OR $57,240 $116,160 $207,280 $ % 90.3% 78.4% 94 Rochester, NY $132,510 $138,600 $198,120 $ % 22.3% 42.9% 95 Pasco, WA $51,110 $234,360 $197,730 $ % 96.7% -15.6% 96 Green Bay, WI $186,200 $172,760 $184,640 $ % -0.4% 6.9% 97 Roanoke, VA $157,770 $202,780 $180,780 $ % 7.0% -10.8% 98 Kona, HI $235,710 $247,020 $178,490 $ % -13.0% -27.7% 99 Charleston, SC $187,800 $194,760 $174,110 $ % -3.7% -10.6% 100 Greenville/Spartanburg, SC $160,930 $190,770 $173,300 $ % 3.8% -9.2% Top 100 Markets $82,839,770 $96,612,970 $103,434,020 $141, % 11.7% 7.1% Total Domestic Revenue $90,223,640 $105,373,570 $112,590,360 $154, % 11.7% 6.8% page 13

15 FAR Fared Average Fares at the Top 50 Domestic O&D Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample -- One-way Fared Average Fare Net of Taxes and Fees Itinerary Average Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 Mileage Yield Las Vegas, NV $ $ $ , % -4.8% 2 Denver, CO $ $ $ % 12.5% 3 Chicago, IL $ $ $ % 9.1% 4 Phoenix, AZ $ $ $ , % 0.4% 5 Minneapolis, MN $ $ $ % 12.4% 6 Seattle/Tacoma, WA $ $ $ , % 4.2% 7 Washington, DC $ $ $ , % 8.5% 8 New York, NY $ $ $ , % 8.8% 9 Orlando, FL $ $ $ , % 2.2% 10 Dallas/Ft Worth, TX $ $ $ , % 5.7% 11 Los Angeles, CA $ $ $ , % 3.8% 12 San Diego, CA $ $ $ , % 1.7% 13 Portland, OR $ $ $ , % 12.4% 14 Atlanta, GA $ $ $ , % -9.9% 15 Salt Lake City, UT $ $ $ % -2.4% 16 San Francisco, CA $ $ $ , % -0.3% 17 Houston, TX $ $ $ , % 14.6% 18 St Louis, MO $ $ $ % 8.8% 19 Orange County, CA $ $ $ , % -4.2% 20 Kansas City, MO $ $ $ % 6.6% 21 Boston, MA $ $ $ , % 10.4% 22 Tampa, FL $ $ $ , % 0.2% 23 Detroit, MI $ $ $ % 0.5% 24 Sacramento, CA $ $ $ , % 9.8% 25 Baltimore, MD $ $ $ , % 9.6% 26 Philadelphia, PA $ $ $ , % 4.8% 27 Tucson, AZ $ $ $ , % 6.6% 28 San Antonio, TX $ $ $ , % 10.2% 29 Indianapolis, IN $ $ $ % 9.2% 30 Milwaukee, WI $ $ $ % 6.8% 31 Reno, NV $ $ $ , % 9.0% 32 Anchorage, AK $ $ $ , % 0.5% 33 Charlotte, NC $ $ $ , % 14.4% 34 Nashville, TN $ $ $ % 12.9% 35 Honolulu, HI $ $ $ , % -1.2% 36 San Jose, CA $ $ $ , % 9.7% 37 Fort Myers, FL $ $ $ , % -0.4% 38 Boise, ID $ $ $ , % 9.9% 39 Albuquerque, NM $ $ $ , % 5.9% 40 Cleveland, OH $ $ $ % 9.6% 41 Spokane, WA $ $ $ , % 2.0% 42 Fort Lauderdale, FL $ $ $ , % 10.0% 43 Des Moines, IA $ $ $ % 5.5% 44 Raleigh/Durham, NC $ $ $ , % 7.7% 45 Miami, FL $ $ $ , % 4.0% 46 Pittsburgh, PA $ $ $ % 7.2% 47 Hartford, CT $ $ $ , % 12.6% 48 Ontario, CA $ $ $ , % 10.7% 49 Columbus, OH $ $ $ % 10.1% 50 Austin, TX $ $ $ , % 4.4% Average Fare $ $ $ , % 4.5% page 14

16 FAR Fared Average Yields at the Top 50 Domestic O&D Passenger Markets at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample -- Fared Passenger Fare Per Itinerary Mile Itinerary Average Avg. Ann. Change Market YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 Mileage Fare Las Vegas, NV ,274 $ % -4.1% 2 Denver, CO $ % 12.9% 3 Chicago, IL $ % 9.1% 4 Phoenix, AZ ,413 $ % 2.2% 5 Minneapolis, MN $ % 12.1% 6 Seattle/Tacoma, WA ,634 $ % 4.5% 7 Washington, DC ,171 $ % 7.4% 8 New York, NY ,269 $ % 8.2% 9 Orlando, FL ,579 $ % 1.1% 10 Dallas/Ft Worth, TX ,113 $ % 6.6% 11 Los Angeles, CA ,685 $ % 5.7% 12 San Diego, CA ,670 $ % 3.5% 13 Portland, OR ,635 $ % 14.3% 14 Atlanta, GA ,182 $ % -11.7% 15 Salt Lake City, UT $ % 13.4% 16 San Francisco, CA ,730 $ % 1.0% 17 Houston, TX ,328 $ % 12.2% 18 St Louis, MO $ % 4.4% 19 Orange County, CA ,642 $ % -2.7% 20 Kansas City, MO $ % 5.4% 21 Boston, MA ,378 $ % 10.6% 22 Tampa, FL ,576 $ % -0.6% 23 Detroit, MI $ % 1.2% 24 Sacramento, CA ,633 $ % 13.7% 25 Baltimore, MD ,182 $ % 8.5% 26 Philadelphia, PA ,218 $ % 5.0% 27 Tucson, AZ ,442 $ % 4.7% 28 San Antonio, TX ,388 $ % 10.2% 29 Indianapolis, IN $ % 9.0% 30 Milwaukee, WI $ % 7.1% 31 Reno, NV ,408 $ % 16.0% 32 Anchorage, AK ,915 $ % -3.7% 33 Charlotte, NC ,181 $ % 15.4% 34 Nashville, TN $ % 10.3% 35 Honolulu, HI ,205 $ % 0.1% 36 San Jose, CA ,712 $ % 10.5% 37 Fort Myers, FL ,667 $ % -0.6% 38 Boise, ID ,306 $ % 11.8% 39 Albuquerque, NM ,131 $ % 4.6% 40 Cleveland, OH $ % 9.8% 41 Spokane, WA ,430 $ % 1.7% 42 Fort Lauderdale, FL ,773 $ % 8.9% 43 Des Moines, IA $ % 4.0% 44 Raleigh/Durham, NC ,216 $ % 8.2% 45 Miami, FL ,744 $ % 4.5% 46 Pittsburgh, PA $ % 6.7% 47 Hartford, CT ,297 $ % 12.6% 48 Ontario, CA ,454 $ % 16.4% 49 Columbus, OH $ % 8.8% 50 Austin, TX ,338 $ % 3.0% Average Yield ,190 $ % 4.1% page 15

17 FAR Top 15 Domestic Origin and Destination Passenger Airlines at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers PDEW Percent of Avg. Ann. Change Airline YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Northwest 334, , , % -4.3% -8.6% 2 United 106, , , % 28.5% 12.9% 3 Allegiant 0 20,860 32, % 100.0% 57.0% 4 Delta 1,440 5,210 31, % 369.4% 509.0% 5 Commuters 44,680 15,860 4, % -67.3% -69.9% 6 Continental 3,230 2,190 2, % -18.0% -0.9% 7 American 1,470 1,340 1, % 7.9% 27.6% 8 Sun Country 4,570 2,290 1, % -42.3% -33.6% 9 US Airways % 26.4% 1.0% 10 Alaska % -1.1% -2.3% Total of Above 497, , , % 5.9% 3.4% Total Domestic Passengers 498, , , % 5.9% 3.4% Top 15 Domestic Origin and Destination Revenue Airlines at Fargo ed by Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Revenue RDEW Percent of Avg. Ann. Change Airline YE 2Q 2005 YE 2Q 2006 YE 2Q 2007 YE 2Q 2007 YE 2Q Northwest $63,052,000 $66,641,520 $64,158,640 $87, % 0.9% -3.7% 2 United $19,481,740 $31,512,120 $35,997,350 $49, % 35.9% 14.2% 3 Delta $396,790 $1,223,000 $6,099,080 $8, % 292.1% 398.7% 4 Allegiant $0 $2,318,160 $3,732,820 $5, % 100.0% 61.0% 5 Continental $838,920 $665,670 $657,780 $ % -11.5% -1.2% 6 American $465,180 $418,900 $609,130 $ % 14.4% 45.4% 7 Commuters $5,080,440 $1,773,220 $490,120 $ % -68.9% -72.4% 8 US Airways $179,570 $297,640 $347,980 $ % 39.2% 16.9% 9 Sun Country $475,880 $331,590 $186,970 $ % -37.3% -43.6% 10 Alaska $125,040 $134,560 $162,410 $ % 14.0% 20.7% Total of Above $90,095,560 $105,316,380 $112,442,280 $154, % 11.7% 6.8% Total Domestic Revenue $90,223,640 $105,373,570 $112,590,360 $154, % 11.7% 6.8% page 16

18 FAR Statistical Summary of Top 15 Domestic O&D Passenger Airlines at Fargo Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers Fared Zero Fared Total Passenger Itinerary Average Airline Passengers Passengers Passengers PDEW Share Mileage Coupons 1 Northwest 266,850 39, , % 1, United 161,850 13, , % 1, Allegiant 32, , % 1, Delta 28,140 3,590 31, % 1, Commuters 4, , % Continental 1, , % 1, American 1, , % 1, Sun Country 1, , % 1, US Airways % 1, Alaska % 2, Total of Above 500,480 57, , % 1, Total of All Airlines 500,930 57, , % 1, Statistical Summary of Top 15 Domestic O&D Revenue Airlines at Fargo Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Revenue Total Revenue Average Average Fared Fared Airline Revenue RDEW Share Fare Yield Fare Yield 1 Northwest $64,158,640 $87, % $ $ United $35,997,350 $49, % $ $ Delta $6,099,080 $8, % $ $ Allegiant $3,732,820 $5, % $ $ Continental $657,780 $ % $ $ American $609,130 $ % $ $ Commuters $490,120 $ % $ $ US Airways $347,980 $ % $ $ Sun Country $186,970 $ % $ $ Alaska $162,410 $ % $ $ Total of Above $112,442,280 $154, % $ $ Total of All Airlines $112,590,360 $154, % $ $ page 17

19 FAR Carrier Shares at Top 50 Origin & Destination Passenger Markets at Fargo Twelve Months Ended June 2007 Approximates 100% Sample - Directional Journeyed Passengers NW UA G4 DL XX CO Market Northwest 27 United 34 Allegiant 20 Delta 15 Commuters 38 Continental 14 Total 1 Las Vegas, NV 13,870 6,070 32,740 2, ,470 2 Denver, CO 5,380 31, ,400 3 Chicago, IL 8,220 21, ,970 4 Phoenix, AZ 18,160 9, , ,540 5 Minneapolis, MN 18, , ,780 6 Seattle/Tacoma, WA 12,290 3, , ,830 7 Washington, DC 10,720 4, ,540 8 New York, NY 10,230 3, ,710 9 Orlando, FL 9,640 1, , Dallas/Ft Worth, TX 9,170 1, , Los Angeles, CA 6,060 3, , San Diego, CA 5,860 2, , Portland, OR 4,960 2, , , Atlanta, GA 7,350 1, , Salt Lake City, UT 1,730 1, , , San Francisco, CA 4,460 3, , Houston, TX 5,300 1, , St Louis, MO 5,740 1, , Orange County, CA 4,040 2, , Kansas City, MO 5,160 1, , Boston, MA 4,550 1, , Tampa, FL 5, , Detroit, MI 4, , Sacramento, CA 2,720 1, , Baltimore, MD 3,810 1, , Philadelphia, PA 3,540 1, , Tucson, AZ 2,610 1, , San Antonio, TX 3, , Indianapolis, IN 3, , Milwaukee, WI 4, , Reno, NV 100 3, , Anchorage, AK 2,200 1, , Charlotte, NC 2, , Nashville, TN 2, , Honolulu, HI 2, , San Jose, CA 2,030 1, , Fort Myers, FL 3, , Boise, ID 1, , Albuquerque, NM 1,770 1, , Cleveland, OH 2, , Spokane, WA 1, , Fort Lauderdale, FL 2, , Des Moines, IA 2, , Raleigh/Durham, NC 1,880 1, , Miami, FL 2, , Pittsburgh, PA 1,780 1, , Hartford, CT 1, , Ontario, CA 290 1, , Columbus, OH 1, , Austin, TX 1, ,710 Total of Above 246, ,440 32,740 23,220 4,680 1, , % 0.0% Total Domestic Passengers 306, ,350 32,740 31,730 4,770 2, ,670 FAR FAR1 FAR2 FAR3 FAR4 FAR5 FAR6 FAR0 page 18

20 FAR Airline Share of Passengers at Fargo's Top 50 Domestic O&D Passenger Markets Twelve Months Ended June % 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Las Vegas Denver Chicago Phoenix Minneapolis Seattle/Tacoma Washington New York Orlando Dallas/Ft Worth Los Angeles San Diego Portland, OR Atlanta Salt Lake City San Francisco Houston St Louis Orange County Kansas City Boston Tampa Detroit Sacramento Baltimore Philadelphia Tucson San Antonio Indianapolis Northwest United Allegiant Delta Others Milwaukee Reno Anchorage Charlotte Nashville Honolulu San Jose Fort Myers Boise Albuquerque Cleveland Spokane Fort Lauderdale Des Moines Raleigh/Durham Miami Pittsburgh Hartford Ontario Columbus Austin page 19

21 100 Statistical Summary of Top 100 Northwest Airlines Airports - Fargo is ed 43rd Twelve Months Ended June 2007 Approximates 100% Sample - Outbound Statistics - ed by Revenue Total O&D Total O&D Itinerary Average Average Fared Fared Airport Revenue Passengers Mileage Coupons Fare Fare Yield 1 Minneapolis, MN $794,942,920 4,432,350 1, $ $ Detroit, MI $600,783,200 4,043, $ $ Memphis, TN $156,578, , $ $ Los Angeles, CA $149,416, ,810 1, $ $ Seattle/Tacoma, WA $142,822, ,430 2, $ $ New York La Guardia, NY $123,359, , $ $ Indianapolis, IN $104,921, ,740 1, $ $ Orlando, FL $103,536, ,110 1, $ $ San Francisco, CA $102,247, ,340 1, $ $ Las Vegas, NV $102,091, ,880 1, $ $ Washington National, DC $101,163, , $ $ Honolulu, HI $87,073, ,920 3, $ $ Phoenix, AZ $86,015, ,260 1, $ $ Boston, MA $85,121, ,630 1, $ $ Milwaukee, WI $83,302, ,460 1, $ $ Philadelphia, PA $72,966, ,170 1, $ $ Kansas City, MO $64,515, , $ $ Grand Rapids, MI $63,993, ,860 1, $ $ Tampa, FL $63,574, ,820 1, $ $ New York Newark, NJ $60,645, ,410 1, $ $ Chicago O'Hare, IL $59,748, , $ $ Portland, OR $59,354, ,670 1, $ $ Denver, CO $59,300, ,950 1, $ $ Baltimore, MD $56,383, ,490 1, $ $ Atlanta, GA $55,473, , $ $ Madison, WI $51,508, ,970 1, $ $ San Diego, CA $49,852, ,280 1, $ $ Dallas/Ft Worth, TX $49,666, ,450 1, $ $ Hartford, CT $46,091, ,260 1, $ $ Fort Lauderdale, FL $44,978, ,560 1, $ $ Anchorage, AK $43,531, ,860 3, $ $ Nashville, TN $42,431, , $ $ St. Louis, MO $42,387, , $ $ Fort Myers, FL $41,173, ,440 1, $ $ San Antonio, TX $39,270, ,810 1, $ $ Omaha, NE $37,991, ,770 1, $ $ Charlotte, NC $37,917, ,810 1, $ $ Houston Intercontinental, TX $37,897, ,260 1, $ $ Columbus, OH $37,665, ,460 1, $ $ Raleigh/Durham, NC $36,478, ,500 1, $ $ Green Bay, WI $35,579, ,060 1, $ $ Pittsburgh, PA $35,521, ,870 1, $ $ Fargo, ND $32,706, ,240 1, $ $ Cleveland, OH $28,641, ,850 1, $ $ New Orleans, LA $26,438, ,890 1, $ $ Chicago Midway, IL $26,329, , $97.57 $ Sioux Falls, SD $26,282, ,780 1, $ $ Providence, RI $26,060, ,750 1, $ $ Des Moines, IA $25,549, ,960 1, $ $ Salt Lake City, UT $25,409, ,740 1, $ $ continued on page 21 page 20

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