The modal characteristics of the photonic crystal fibers are analyzed using the reliable and efficient plane wave expansion method. The mode profile, effective index and group velocity dispersion are obtained by solving Maxwell's vector wave equations without any approximation. The zero dispersion condition of a photonic crystal fiber is derived over a wide range of wavelengths. Higher-order modes are also easily found as a by-product of the plane wave expansion method. This method can be used to quickly and accurately design various optical properties of photonic crystal fibers.