ATA's ``Thursday Fun Fares'' - Fly From Indianapolis to the East for as Low as $79!/a.

Business Editors/Travel & Airlines Writers

INDIANAPOLIS--(BUSINESS WIRE)--Oct. 31, 2002

If you've been looking forward to planning a trip to the East, now is the perfect time to book your travel! ATA (American Trans Air, Inc.)(Nasdaq:ATAH) is launching this week's "Thursday Fun Fares" from Indianapolis to Boston, Newark, New York (LGA), Philadelphia, Washington, D.C. and Charlotte from $79/a (off-peak, each way based on a round-trip purchase). Travel is valid November 14, 2002 through February 12, 2003./a Tickets are available for purchase through midnight tonight (C.S.T.).

Listed below are a few examples of this week's "Thursday Fun Fares" specials from Indianapolis to the East (off-peak, each way based on a round-trip purchase):

--------------------------------- -----------------
           TO or FROM                TO or FROM
                                    Indianapolis
                                        from
--------------------------------- -----------------
            Boston/b                    $99
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            Newark/b                    $99
--------------------------------- -----------------
         New York (LGA)                 $79
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         Philadelphia/b                 $99
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    Washington, D.C. (DCA)/b            $89
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          Charlotte/b                   $99
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/b Some flights are operated by ATA Connection (Chicago Express Airlines, Inc.).

To make a reservation, contact your travel agent or call 1-800-I-FLY-ATA, or en Espanol at 1-800-VUELA-ATA, or visit the Company's website at www.ata.com.

To commemorate its 30th Anniversary, ATA has launched its Anniversary Travel Awards promotion, offering loyal customers great travel awards when they fly frequently with ATA or ATA Connection (Chicago Express Airlines, Inc.) and book their travel online at ATA.Com. By purchasing and flying as few as three round-trips, a customer can earn a free domestic companion ticket, an award not offered by any other carrier. Free domestic tickets are earned after only six round-trips, and international tickets to the Caribbean/Mexico and Hawaii are earned after nine and 12 round-trips, respectively. Tickets must be purchased at ATA.Com. For details and official rules for the promotion, visit the website at www.ata.com.

Now celebrating its 30th year of operation, ATA is the nation's 10th largest passenger carrier based on revenue passenger miles. ATA operates significant scheduled service from Chicago-Midway and Indianapolis to over 40 business and vacation destinations. Stock of the Company's parent company, ATA Holdings Corp. (formerly known as Amtran, Inc.), is traded on the Nasdaq Stock Market under the symbol "ATAH."

/a These fares do not include a $3 federal excise tax that will be imposed on each flight segment of your itinerary. A flight segment is defined as a takeoff and a landing. ATA's "Thursday Fun Fares" are each way based on a round-trip purchase and are valid for travel 11/14/02- 2/12/03. Blackout dates are 11/22-12/2/02 and 12/20/02-1/6/03. Tickets must be purchased by 10/31/02, midnight (CST). Fares may be higher during peak travel times and are non-refundable. Fares are not generally available during high-volume travel periods. Fares are subject to change without notice. Seats are limited and may not be available on all flights and dates. Some flights are operated by ATA Connection (Chicago Express Airlines, Inc.). A passenger facility charge of up to $18 per round-trip is not included in the fares. Fares do not include a September 11th security fee of up to $10 per round-trip. A photo I.D. is required for flight check-in. Travelers who are deaf and hearing impaired, call TTY 800-293-6194.