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Nov 6, 2007|
Frontier Airlines Reports Preliminary Traffic for October 2007
Frontier Achieves Record Load Factor for Month of October
DENVER, Nov. 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for October 2007. Revenue passenger miles increased 22.1 percent to 817,351,000 for October 2007 from the same period last year. Available seat miles increased 11.2 percent to 1,024,439,000 for October 2007 from the same period last year. This resulted in a load factor for October 2007 of 79.8 percent, an increase of 7.1 points from October 2006, when the airline reported a load factor of 72.7 percent. The airline carried 880,282 passengers during October 2007, an 18.6 percent increase from October 2006. The airline reported passenger yield of 10.09 cents for the month of October 2007, a decrease of 2.2 percent from the same period last year. Its passenger revenue per available seat mile was 8.05 cents, up .55 cents or 7.3 percent from October 2006. For the month of October 2007, the airline's average length of haul increased 3.0 percent to 929 miles as compared to the same period last year.
The following table represents mainline comparisons for the month of October year-over-year, calendar 2007 year-over-year and fiscal 2008 year-over-year traffic results.
October October Increase/ Percent 2007 2006 (Decrease) Available Seat Miles (ASM) 1,024,439,000 920,922,000 103,517,000 11.2% Revenue Passenger Miles 817,351,000 669,282,000 148,069,000 22.1% Load Factor 79.8% 72.7% 7.1 points N/A Revenue Passengers Carried 880,282 742,132 138,150 18.6% **Passenger Yield (cents) 10.09 10.32 (.23) (2.2%) **Passenger Revenue Per ASM (cents) 8.05 7.50 .55 7.3% Average Length of Haul 929 902 27 3.0% Calendar Calendar Increase/ Percent Year-to- Year-to- (Decrease) Date 2007 Date 2006 Available Seat Miles 10,379,855,000 9,158,518,000 1,221,337,000 13.3% Revenue Passenger Miles 8,236,051,000 7,074,517,000 1,161,534,000 16.4% Load Factor 79.4% 77.3% 2.1 points N/A Revenue Passengers Carried 8,726,295 7,553,940 1,172,355 15.5% **Passenger Yield (cents) 10.75 10.88 (.13) (1.2%) **Passenger Revenue Per ASM (cents) 8.53 8.40 .13 1.5% Average Length of Haul 944 937 7 0.7% Fiscal Fiscal Increase/ Percent Year-to- Year-to- (Decrease) Date 2008 Date 2007 Available Seat Miles 7,442,821,000 6,598,999,000 843,822,000 12.8% Revenue Passenger Miles 6,146,862,000 5,192,780,000 954,082,000 18.4% Load Factor 82.6% 78.7% 3.9 Points N/A Revenue Passengers Carried 6,503,771 5,574,053 929,718 16.7% **Passenger Yield (cents) 10.71 10.93 (.22) (2.0%) **Passenger Revenue Per ASM (cents) 8.85 8.60 .25 2.9% Average Length of Haul 945 932 13 1.4% Frontier's fiscal year begins April 1 and ends March 31. ** Passenger yield and passenger revenue per available seat mile is 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. With 60 aircraft and one of the youngest Airbus fleets in North America, Frontier offers 24 channels of DIRECTV® service in every seatback along with 33 inches of legroom in an all coach configuration. In conjunction with its regional jet fleet, operated by Horizon and Republic Airlines, Frontier offers routes linking its Denver hub to 61 destinations, including 53 U.S. cities in 32 states spanning the nation from coast to coast, seven cities in Mexico, two cities 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. In December 2006, Frontier was designated "Best Low Cost Carrier" in the U.S. by the readers of Business Traveler magazine. Frontier's maintenance department has received the Federal Aviation Administration (FAA) Diamond Award recognizing its advanced training standards for eight consecutive years, from 1999 to 2006. For more in-depth information on Frontier Airlines, please visit its Web site at http://www.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
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/