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Apr 4, 2008Frontier Airlines Reports Preliminary Traffic for March 2008Airline Achieves Record Load Factor for March DENVER, April 4, 2008 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (NASDAQ: FRNT) today announced preliminary traffic results for March 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, fiscal year ended and three months ended March 31, 2008 for the current year are presented for Lynx Aviation in the text and table below. Mainline Results Mainline revenue passenger miles increased 14.7 percent to 942,369,000 for March 2008 from the same period last year. Mainline available seat miles increased 4.5 percent to 1,117,237,000 for March 2008 from the same period last year. This resulted in a record mainline load factor for March 2008 of 84.4 percent, an increase of 7.6 points from March 2007, when the airline reported a mainline load factor of 76.8 percent. The airline carried 953,078 mainline passengers during March 2008, a 10.1 percent increase from March 2007. The airline reported mainline passenger yield of 11.81 cents for the month of March 2008, an increase of 0.7 percent from the same period last year. Its mainline passenger revenue per available seat mile was 9.96 cents, up .95 or 10.5 percent from March 2007. "The results posted for the month of March are reflective of the progressive changes we are making in realigning our network to drive traffic and revenue improvements," said Sean Menke, President and CEO. "Our mainline unit revenue performance for March, as well as the quarter, is the best we have had in over five years. I am extremely proud of the efforts put forth by the Frontier team in establishing record traffic, revenue and load factor for the month." Lynx Aviation Results For March 2008, Lynx Aviation reported revenue passenger miles of 38,332,000 and available seat miles of 54,082,000. This resulted in a load factor for March 2008 of 70.9 percent. Lynx Aviation carried 86,594 passengers during March 2008, generating passenger yield of 19.38 cents. Lynx Aviation passenger revenue per available seat mile was 13.74 cents and its average length of haul was 443 miles for March 2008. The following tables represent comparisons for the month of March year-over-year, fiscal 2008 year ended March 31, 2008, and three months ended March 31, 2008, year-over-year traffic results for Frontier's mainline operations and for Frontier Airlines Holding's, Inc. wholly owned subsidiary, Lynx Aviation. Frontier Mainline
March 2008 March 2007 Increase Percent
/(Decrease)
Available Seat
Miles (ASM) 1,117,237,000 1,068,833,000 48,404,000 4.5%
Revenue Passenger
Miles 942,369,000 821,335,000 121,034,000 14.7%
Load Factor 84.4% 76.8% 7.6 points N/A
Revenue Passengers
Carried 953,078 866,004 87,074 10.1%
**Passenger Yield
(cents) 11.81 11.72 .09 0.7%
**Passenger Revenue
Per ASM (cents) 9.96 9.01 .95 10.5%
Average Length of Haul 989 948 41 4.3%
Three Months Three Months Increase Percent
Ended 3/31/08 Ended 3/31/07 /(Decrease)
Available Seat
Miles 3,114,427,000 2,937,034,000 177,393,000 6.0%
Revenue Passenger
Miles 2,440,783,000 2,089,189,000 351,594,000 16.8%
Load Factor 78.4% 71.1% 7.3 points N/A
Revenue Passengers
Carried 2,476,778 2,222,524 254,254 11.4%
**Passenger Yield
(cents) 10.77 10.86 (0.09) (0.8%)
**Passenger Revenue
Per ASM (cents) 8.44 7.73 .71 9.2%
Average Length of Haul 985 940 45 4.8%
Fiscal Year- Fiscal Year- Increase Percent
Ended 3/31/08 Ended 3/31/07 /(Decrease)
Available Seat
Miles 12,666,316,000 11,310,070,000 1,356,246,000 12.0%
Revenue Passenger
Miles 10,175,220,000 8,532,577,000 1,642,643,000 19.3%
Load Factor 80.3% 75.4% 4.9 points N/A
Revenue Passengers
Carried 10,621,583 9,140,157 1,481,426 16.2%
**Passenger Yield
(cents) 10.83 10.99 (.16) (1.5%)
**Passenger Revenue
Per ASM (cents) 8.70 8.29 .41 4.9%
Average Length of Haul 958 934 24 2.6%
Lynx Aviation
March 2008 March 2007 Increase Percent
/(Decrease)
Available Seat
Miles (ASM) 54,082,000 NA NA NA
Revenue Passenger
Miles 38,332,000 NA NA NA
Load Factor 70.9% NA NA NA
Revenue Passengers
Carried 86,594 NA NA NA
**Passenger Yield
(cents) 19.38 NA NA NA
**Passenger Revenue
Per ASM (cents) 13.74 NA NA NA
Average Length of Haul 443 NA NA NA
Three Months Three Months Increase Percent
Ended 3/31/08 Ended 3/31/07 /(Decrease)
Available Seat
Miles 148,225,000 NA NA NA
Revenue Passenger
Miles 89,555,000 NA NA NA
Load Factor 60.4% NA NA NA
Revenue Passengers
Carried 202,452 NA NA NA
**Passenger Yield
(cents) 18.23 NA NA NA
**Passenger Revenue
Per ASM (cents) 11.02 NA NA NA
Average Length of Haul 442 NA NA NA
Fiscal Year- Fiscal Year- Increase Percent
Ended 3/31/08 Ended 3/31/07 /(Decrease)
Available Seat
Miles 169,721,000 NA NA NA
Revenue Passenger
Miles 103,196,000 NA NA NA
Load Factor 60.8% NA NA NA
Revenue Passengers
Carried 233,581 NA NA NA
**Passenger Yield
(cents) 18.40 NA NA NA
**Passenger Revenue
Per ASM (cents) 11.19 NA NA NA
Average Length of Haul 442 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 offers 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 Q-400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes linking its Denver hub to 70 destinations, including 62 U.S. cities in 36 states spanning the nation from coast to coast; six 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/
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