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Apr 6, 2006|
Frontier Airlines Reports Preliminary Traffic for March 2006
DENVER, April 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for March 2006. Revenue passenger miles increased 14.5 percent to 736,783,000 for March 2006 from the same period last year. Available seat miles increased 11.9 percent to 906,194,000 for March 2006 from the same period last year. This resulted in a load factor for March 2006 of 81.3 percent, an increase of 1.9 points from March 2005, when the airline reported a load factor of 79.4 percent. The airline carried 771,587 passengers during March 2006, an 18.1 percent increase from March 2005. The airline reported passenger yield of 11.09 cents for the month of March 2006, a decrease of 3.1 percent from the same period last year. Its passenger revenue per available seat mile was 9.02 cents, down .07 or 0.8 percent from March 2005. For the month of March 2006, the airline's average length of haul decreased 3.0 percent to 955 miles as compared to the same period last year.
The following table represents comparisons for the month of March, quarter ended and fiscal year ended March 31, 2006, year-over-year traffic results.
Increase/ March 2006 March 2005 (Decrease) Percent Available Seat Miles (ASM) 906,194,000 810,115,000 96,079,000 11.9% Revenue Passenger Miles 736,783,000 643,621,000 93,162,000 14.5% Load Factor 81.3% 79.4% 1.9 points N/A Revenue Passengers Carried 771,587 653,164 118,423 18.1% **Passenger Yield (cents) 11.09 11.44 (.35) (3.1%) **Passenger Revenue Per ASM (cents) 9.02 9.09 (.07) (0.8%) Average Length of Haul 955 985 (30) (3.0%) Three Months Three Months Increase/ Ended 3/31/06 Ended 3/31/05 (Decrease) Percent Available Seat Miles 2,559,519,000 2,252,957,000 306,562,000 13.6% Revenue Passenger Miles 1,881,737,000 1,659,174,000 222,563,000 13.4% Load Factor 73.5% 73.6% (.1 points) N/A Revenue Passengers Carried 1,979,887 1,675,472 304,415 18.2% **Passenger Yield (cents) 10.73 10.68 .05 0.5% **Passenger Revenue Per ASM (cents) 7.89 7.87 .02 0.3% Average Length of Haul 950 990 (40) (4.0%) Fiscal Fiscal Year-Ended Year-Ended Increase/ 3/31/06 3/31/05 (Decrease) Percent Available Seat Miles 9,885,599,000 9,115,868,000 769,731,000 8.4% Revenue Passenger Miles 7,436,830,000 6,587,589,000 849,241,000 12.9% Load Factor 75.2% 72.3% 2.9 points N/A Revenue Passengers Carried 7,763,835 6,653,341 1,110,494 16.7% **Passenger Yield (cents) 10.76 10.33 .43 4.2% **Passenger Revenue Per ASM (cents) 8.09 7.47 .62 8.3% Average Length of Haul 958 990 (32) (3.2%) 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
Currently in its 12th year of operations, Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport, employing approximately 4,800 aviation professionals. With 50 aircraft and 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 Frontier JetExpress operated by Horizon Air, Frontier operates routes linking its Denver hub to 56 destinations including 47 destinations in 29 states spanning the nation from coast to coast and to seven cities in Mexico. Frontier's maintenance and engineering department has received the Federal Aviation Administration's highest award, the Diamond Certificate of Excellence, in recognition of 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs, for seven consecutive years. In July 2005, Frontier ranked as one of the "Top 10 Domestic Airlines" as determined by readers of Travel & Leisure magazine. Frontier provides capacity information and other operating statistics on its Web site, which may be viewed 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, an 8-K filed on December, 28, 2005, the Company's Form 10-K for its fiscal year ended March 31, 2005 and the Company's Form 10-Q for the quarter ended December 31, 2005.
SOURCE: Frontier Airlines
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/