Midwest Air Group Board of Directors Receives Revised Offer From AirTran

MILWAUKEE, Aug. 14 /PRNewswire-FirstCall/ — The Board of Directors of Midwest Air Group (AMEX:MEH) , parent company of Midwest Airlines, today said that it has received a letter from AirTran Holdings, Inc. (NYSE:AAI) indicating that AirTran was increasing its offer to acquire all of the outstanding shares of Midwest.

The board will take AirTran’s revised offer under consideration.

Midwest Airlines features jet service throughout the United States, including Milwaukee’s most daily nonstop flights and best schedule to major destinations. Catering to business travelers and discerning leisure travelers, the airline earned its reputation as “The best care in the air” by providing passengers with impeccable service and onboard amenities at competitive fares. Both Skyway Airlines, Inc. — a wholly owned subsidiary of Midwest Airlines — and SkyWest Airlines, Inc. operate as Midwest Connect and offer service to and connections through Midwest Airlines’ hubs. Together, the airlines offer service to 53 cities. More information is available at http://www.midwestairlines.com/.

This news release contains forward-looking statements that may state the company’s or management’s intentions, hopes, beliefs, expectations or predictions for the future. Words such as “planned,” “projecting,” “expect,” “should,” “anticipate,” “believe,” “estimate,” “goal,” “plan,” “objective” or similar words are intended to identify forward-looking statements. Factors that may cause events contemplated by the company’s forward-looking statements not to occur include, but are not limited to, the risk factors described in “Item 1A. Risk Factors” in the company’s “Annual Report on Form 10-K” for the year ended December 31, 2006.

First Call Analyst:
FCMN Contact:

Source: Midwest Air Group

CONTACT: Media, Carol Skornicka, +1-414-570-3980, cell, +1-414-303-6516,
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[email protected], both of
Midwest Air Group

Web site: http://www.midwestairlines.com/