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Aug 6, 2007|
Frontier Airlines Reports Preliminary Traffic for July 2007
Airline Reports Record 88.5 Percent Load Factor
DENVER, Aug. 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for July 2007. Revenue passenger miles increased 18.5 percent to 1,006,431,000 for July 2007 from the same period last year. Available seat miles increased 14.1 percent to 1,137,363,000 for July 2007 from the same period last year. This resulted in a record load factor for July 2007 of 88.5 percent, an increase of 3.3 points from July 2006, and the highest load factor in the history of the Company. The airline carried 1,064,964 passengers during July 2007, a 16.3 percent increase from July 2006. The airline reported passenger yield of 11.63 cents for the month of July 2007, a decrease of 2.9 percent from the same period last year. Its passenger revenue per available seat mile was 10.29 cents, up 0.08 cents or 0.8 percent from July 2006. For the month of July 2007, the airline's average length of haul increased 1.9 percent to 946 miles, compared to the same period last year.
"July was a month of tremendous accomplishments for Frontier, all of which were achieved as a result of the hard work and efforts of our 5,500 employees," said John Happ, Senior Vice President of Marketing and Planning. "I'm proud to say we surpassed June's record load factor by 1.5 points -- an accomplishment that is even more remarkable given that our available seat miles (ASMs) increased over 14 percent. In spite of that capacity growth, our revenue per available seat mile (RASM) reached 10.29 cents, a level that we haven't seen since pre-September 11th. In addition, for the first time in our history, we carried over one million passengers for the month."
The following table represents mainline comparisons for the month of July, fiscal 2008 year-over-year and calendar 2007 year-over-year traffic results:
Increase/ July 2007 July 2006 (Decrease) Percent Available Seat Miles 1,137,363,000 996,404,000 140,959,000 14.1% Revenue Passenger Miles 1,006,431,000 849,272,000 157,159,000 18.5% Load Factor 88.5% 85.2% 3.3 points N/A Revenue Passengers Carried 1,064,964 915,849 149,115 16.3% **Passenger Yield (cents) 11.63 11.98 (.35) (2.9%) **Passenger Revenue Per Avail. Seat Mile (cents) 10.29 10.21 .08 0.8% Average Length of Haul 945 927 18 1.9% Calendar Calendar Year-to-Date Year-to-Date Increase/ 2007 2006 (Decrease) Percent Available Seat Miles 7,260,459,000 6,345,036,000 915,243,000 14.4% Revenue Passenger Miles 5,686,526,000 5,015,561,000 670,965,000 13.4% Load Factor 78.3% 79.1% (0.8) Points N/A Revenue Passengers Carried 6,009,900 5,299,258 710,642 13.4% **Passenger Yield (cents) 10.90 10.95 (.05) (0.5%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.54 8.66 (.12) (1.4%) Average Length of Haul 946 946 0 0% Fiscal Fiscal Year-to-Date Year-to-Date Increase/ 2008 Date 2007 (Decrease) Percent Available Seat Miles 4,323,425,000 3,785,517,000 537,908,000 14.2% Revenue Passenger Miles 3,597,337,000 3,133,824,000 463,513,000 14.8% Load Factor 83.2% 82.8% 0.4 Points N/A Revenue Passengers Carried 3,787,376 3,319,371 468,005 14.1% **Passenger Yield (cents) 10.93 11.09 (.16) (1.4%) **Passenger Revenue Per Avail. Seat Mile (cents) 9.09 9.18 (0.09) (1.0%) Average Length of Haul 950 944 6 0.6% 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 5,500 aviation professionals. With 60 aircraft and one of the youngest Airbus fleet 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 58 destinations including 49 U.S. cities in 30 states spanning the nation from coast to coast, seven cities in Mexico and two cities in Canada. 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/