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Sep 20, 2002|
Frontier Airlines Reports Preliminary September 2002 Traffic
DENVER (Oct. 8, 2002) - Frontier Airlines (Nasdaq: FRNT) today announced preliminary traffic results for September 2002. Revenue passenger miles (RPMs) increased 69.8 percent to 245,103,000 for September 2002 from the same period last year. Available seat miles (ASMs) increased 55.4 percent to 493,365,000 for September 2002 from the same period last year. This resulted in a load factor for September 2002 of 49.7 percent, an increase of 4.2 points from September 2001. The airline carried 267,919 passengers during September 2002. The airline reported an average fare of $111 for the month of September 2002, a 15.9 percent decrease from September 2001, when the airline's average fare was $132. Comparisons with 2001 traffic and capacity information reflect the impact of the events of Sept. 11, 2001, the three-day grounding of all domestic air operations and the subsequent decrease in demand for air travel.
"Our September traffic results reflect continued weak demand for air travel, and the traveling public's sentiments associated with air travel around and on the anniversary of September 11," said Sean Menke, vice president of marketing and planning. "However, we were encouraged by the slightly stronger bookings and average fare improvement we experienced during the latter part of September, and those trends appear to be continuing into October."
The following table represents comparisons for September, second fiscal quarter, and fiscal and calendar year traffic results.