Customers Get a Mileage Deposit in FlightFund Accounts When Making New Deposit With Ameritrade.

PHOENIX, Nov. 30 -- America West Airlines (NYSE: AWA) today announced the launch of a promotional partnership with Ameritrade Inc., a subsidiary of Ameritrade Holding Corporation (Nasdaq: AMTD), a leader in the brokerage industry. The new partnership provides FlightFund members an opportunity to quickly earn up to 25,000 bonus miles for making a new investment deposit with Ameritrade -- more than enough miles for award travel under the airline's generous frequent flyer program -- see http://www.americawest.com/flightfund/ff_home.htm?c=zxameritrade11.30.04. (1)

"This agreement with Ameritrade provides yet another way for our customers to earn miles for award travel on America West or its FlightFund airline partners," said Travis Christ, vice president, marketing. "We continue to look for opportunities to expand our growing network of FlightFund partners in order to make it easier for FlightFund members to both earn mileage and convert those miles to award travel."

"With Ameritrade's ongoing commitment to understand our clients' investing and personal needs, our partnership with America West ties closely with their interests, bringing them even more value and enhancing their experience," said Anne Nelson, Ameritrade's chief marketing officer.

Miles can be earned in the following increments on Ameritrade transactions:

* Earn 25,000 miles with a $50,000 deposit * Earn 8,000 miles with a $5,000 deposit * Earn 3,000 miles with a $1,000 deposit

FlightFund miles may be redeemed for award travel to more than 300 destinations on five continents. FlightFund offers one of the most generous frequent flyer programs in the industry with short-haul domestic award travel beginning at 15,000 miles year-round.

FlightFund has more than 50 partners to help members earn miles for award travel including rental car companies, hotels, restaurants and the FlightFund Visa card.

For more information, or to become a FlightFund member, visit http://www.americawest.com/flightfund/ff_home.htm?c=zxameritrade11.30.04, the frequent flyer section of www.americawest.com, or contact the FlightFund Service Center at 1-800-247-5691.

Ameritrade Holding Corporation has a 29-year history of providing investment services to self-directed individuals through its brokerage subsidiaries. Ameritrade develops and provides innovative products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. A brokerage industry leader, Ameritrade, Inc., (2) a subsidiary of Ameritrade Holding Corporation, was recently recognized as a J.D.

Power and Associates Certified Call Center. For more information, please visit www.amtd.com.

America West Airlines is the nation's second largest low-cost airline and the only carrier formed since deregulation to achieve major airline status. America West's 13,000 employees serve nearly 55,000 customers a day in 96 destinations in the U.S., Canada, Mexico and Costa Rica.

(1) Offer valid for new Individual and Joint accounts opened by U.S. residents with $1,000 or more by 3/31/05. Not transferable and not valid for IRAs, internal transfers, current Ameritrade clients, or with other offers. Limit one offer per client. Account must remain open with minimum funding for 9 months, or Ameritrade may charge the account for the cost of the miles. Allow 6 weeks from account funding for first half of miles to appear in the FlightFund account. To qualify for the second half, Ameritrade account must remain open with minimum funding for 6 months from the first posting date. Miles will appear in the FlightFund account within 6 weeks. Ameritrade reserves the right to restrict or revoke this offer. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Normal account opening or margin account requirement is $2,000.

Accounts opened more than 6 months with a face value below $2,000 are subject to a $15 quarter maintenance fee. AmericaWest reserves the right to change, suspend, or terminate any or all rules, regulations, travel programs or offers of the FlightFund program at any time without notice. Miles earned are subject to terms and conditions of the FlightFund program. The number of Award seats is limited and subject to availability. Blackout dates apply. Ameritrade and America West are separate, unaffiliated companies and are not responsible for one another's services and policies. America West and the America West logo are trademarks of America West Airlines, Inc. All rights reserved.

(2) Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. (C) 2004 Ameritrade IP Company, Inc. All rights reserved. Used with permission.

SOURCE America West Airlines 11/30/2004

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CONTACT: Carlo Bertolini of America West Airlines, + 1-480-693-5729; or Katrina Becker of Ameritrade, +1-402-597-8485/ Web site: http://www.amtd.com / Web site: http://www.americawest.com /(AWA AMTD)

CO: America West Airlines; Ameritrade Inc.; Ameritrade Holding Corporation ST: Arizona IN: AIR LEI TRA FIN CPR MLM ECM SU: LIC

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