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May 6, 2008|
Frontier Airlines Reports Preliminary Traffic for April 2008
DENVER, May 6 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC: FRNTQ) (BULLETIN BOARD: FRNTQ) today announced preliminary traffic results for April 2008 for both Frontier's mainline operation as well as its wholly owned subsidiary, Lynx Aviation. Lynx Aviation commenced revenue service in December 2007. As such, only the current month and calendar year-to-date are presented for Lynx Aviation in the text and table below.
Mainline revenue passenger miles increased 7.7 percent to 849,506,000 for April 2008 from the same period last year. Mainline available seat miles increased 2.1 percent to 1,042,659,000 for April 2008 from the same period last year. This resulted in a mainline load factor for April 2008 of 81.5 percent, an increase of 4.3 points from April 2007, when the airline reported a mainline load factor of 77.2 percent. The airline carried 878,837 mainline passengers during April 2008, a 6.5 percent increase from April 2008. The airline reported mainline passenger yield of 9.59 cents for the month of April 2008, a decrease of 6.3 percent from the same period last April 2007. Its mainline passenger revenue per available seat mile was 7.81 cents, down .10 or 1.3 percent from April 2007.
Lynx Aviation Results
For April 2008, Lynx Aviation reported revenue passenger miles of 24,481,000 and available seat miles of 42,218,000. This resulted in a load factor for April 2008 of 58.0 percent. Lynx Aviation carried 60,851 passengers during April 2008, generating passenger yield of 18.16 cents. Lynx Aviation passenger revenue per available seat mile was 10.53 cents and its average length of haul was 402 miles for April 2008.
"Although our April mainline year-over-year passenger unit revenue decreased slightly due to a short slowdown in bookings after we announced our reorganization, we are very encouraged by the recovery to normal levels that took place as we demonstrated that it was business as usual for Frontier," said Sean Menke, President and CEO. "I would like to thank our employees who continued to deliver outstanding customer service throughout the month of April, even during the earliest phases of our Chapter 11 announcement. Thanks to their efforts, we achieved a completion factor of 99.92 percent and 81.6 percent of our flights were on time or early. Moving into the summer months, we are anticipating strong demand and heavy loads, but our customers can feel confident that Frontier employees will continue to deliver a level of customer service that is truly 'a whole different animal'."
The following tables represent comparisons for the month of April year-over-year, and calendar year-to-date, year-over-year traffic results for Frontier's mainline operations and for Frontier Airlines Holding's, Inc. wholly owned subsidiary, Lynx Aviation.
April 2008 April 2007 Increase/ Percent (Decrease) Available Seat Miles 1,042,659,000 1,021,537,000 21,122,000 2.1% Revenue Passenger Miles 849,506,000 788,684,000 60,822,000 7.7% Load Factor 81.5% 77.2% 4.3 Points N/A Revenue Passengers Carried 878,837 825,329 53,508 6.5% **Passenger Yield (cents) 9.59 10.24 (.65) (6.3%) **Passenger Revenue Per Avail. Seat Mile (cents) 7.81 7.91 (.10) (1.3%) Average Length of Haul 967 956 11 1.2% Calendar Calendar Increase/ Percent Year-to- Year-to- (Decrease) Date 2008 Date 2007 Available Seat Miles 4,157,086,000 3,958,571,000 198,515,000 5.0% Revenue Passenger Miles 3,290,289,000 2,877,873,000 412,416,000 14.3% Load Factor 79.2% 72.7% 6.5 Points N/A Revenue Passengers Carried 3,355,615 3,047,853 307,762 10.1% **Passenger Yield (cents) 10.47 10.69 (.22) (2.1%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.28 7.77 .51 6.6% Average Length of Haul 981 944 37 3.9% Lynx Aviation April 2008 April 2007 Increase/ Percent (Decrease) Available Seat Miles (ASM) 42,218,000 NA NA NA Revenue Passenger Miles 24,481,000 NA NA NA Load Factor 58.0% NA NA NA Revenue Passengers Carried 60,851 NA NA NA **Passenger Yield (cents) 18.16 NA NA NA **Passenger Revenue Per ASM (cents) 10.53 NA NA NA Average Length of Haul 402 NA NA NA Calendar Calendar Increase/ Percent Year-to- Year-to- (Decrease) Date 2008 Date 2007 Available Seat Miles 190,443,000 NA NA NA Revenue Passenger Miles 114,036,000 NA NA NA Load Factor 59.9% NA NA NA Revenue Passengers Carried 263,303 NA NA NA **Passenger Yield (cents) 18.22 NA NA NA **Passenger Revenue Per ASM (cents) 10.91 NA NA NA Average Length of Haul 433 NA NA NA Frontier's fiscal year begins April 1 and ends March 31.
**Passenger yield and passenger revenue per available seat mile are calculated from revenue derived only from the mainline revenue passengers reported in this press release.
About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of Denver-based Frontier Airlines. Currently in its 14th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 6,000 aviation professionals. Frontier Airline's mainline operation has 62 aircraft with one of the youngest Airbus fleets in North America. Frontier Airline's mainline operations offer 24 channels of DIRECTV® service in every seatback along with a comfortable all-coach configuration. In conjunction with its regional jet fleet, operated by Republic Airlines, and a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes to 66 destinations, including 59 U.S. cities in 34 states spanning the nation from coast to coast; five cities in Mexico; one in Canada and one in Costa Rica. In November 2006, Frontier and AirTran announced a first-of-its-kind integrated marketing partnership that offers travelers the ability to reach more than 80 destinations across four countries with low fares, aboard two of the youngest fleets in the industry. For more in-depth information on Frontier Airlines, please visit its Web site at FrontierAirlines.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this press release that are not historical facts may be forward-looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could result in actual results differing materially from expected results and represent the Company's expectations and beliefs concerning future events based on information available to the Company as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release. Additional information regarding risk factors that may affect future performance at the Company are contained in the Company's SEC filings, including without limitation, the Company's Form 10-K for its fiscal year ended March 31, 2007.
SOURCE: Frontier Airlines Holdings, Inc.
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/