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Dec 4, 2008Frontier Airlines Reports Preliminary Traffic for November 2008Airline reports record load factor for the month DENVER, Dec. 4 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. today announced preliminary traffic results for November 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-to-date and calendar year-to-date are presented for Lynx Aviation in the text and table below. Mainline Results for November 2008: -- Frontier Airlines reported a load factor of 78.5 percent, an increase of 0.4 points over November 2007. -- Revenue passenger miles decreased 14.9 percent to 671,655,000 and available seat miles were down 15.2 percent to 855,572,000 from the same period last year. -- Passenger yield was 10.75 cents, a 3.5 percent decrease from the same period last year. -- The airline carried 756,435 passengers, a 9.1 percent decrease from November 2007. -- Passenger revenue per available seat mile was 8.44 cents, down 0.27 cents or 3.1 percent from November 2007. -- The airline's average length of haul decreased 6.3 percent to 888 miles, compared to the same period last year. Lynx Aviation Results for November 2008: -- Lynx Aviation reported revenue passenger miles of 26,291,000 and available seat miles of 49,064,000. This resulted in a load factor for November 2008 of 53.6 percent. -- Lynx Aviation carried 70,933 passengers, with a passenger yield of 21.01 cents. -- Passenger revenue per available seat mile was 11.26 cents, with an average length of haul of 371 miles. The following tables represent comparisons for the month of November year- over-year, fiscal year-to-date, and calendar year-to-date traffic results for Frontier's mainline operations and for Lynx Aviation.
Mainline
November November Increase/ Percent
2008 2007 (Decrease)
Available Seat Miles 855,572,000 1,009,512,000 (153,940,000) (15.2%)
Revenue Passenger
Miles 671,655,000 788,821,000 (117,166,000) (14.9%)
Load Factor 78.5% 78.1% 0.4 points NA
Revenue Passengers
Carried 756,435 832,269 (75,834) (9.1%)
**Passenger Yield
(cents) 10.75 11.14 (0.39) (3.5%)
**Passenger Revenue
Per Avail. Seat Mile
(cents) 8.44 8.71 (0.27) (3.1%)
Average Length of Haul 888 948 (60) (6.3%)
Fiscal Fiscal Increase/ Percent
Year-to-Date Year-to-Date (Decrease)
2009 2008
Available Seat Miles 7,956,168,000 8,452,333,000 (496,165,000) (5.9%)
Revenue Passenger
Miles 6,675,407,000 6,935,683,000 (260,276,000) (3.8%)
Load Factor 83.9% 82.1% 1.8 points NA
Revenue Passengers
Carried 7,301,446 7,336,040 (34,594) (0.5%)
**Passenger Yield
(cents) 10.90 10.76 0.14 1.3%
**Passenger Revenue
Per Avail. Seat Mile
(cents) 9.15 8.83 0.32 3.6%
Average Length of Haul 914 945 (31) (3.3%)
Calendar Calendar Increase/ Percent
Year-to-Date Year-to-Date (Decrease)
2008 2007
Available Seat Miles 11,070,595,000 11,389,367,000 (318,772,000) (2.8%)
Revenue Passenger
Miles 9,116,190,000 9,024,872,000 91,318,000 1.0%
Load Factor 82.3% 79.2% 3.1 points NA
Revenue Passengers
Carried 9,778,224 9,558,564 219,660 2.3%
**Passenger Yield
(cents) 10.90 10.79 0.11 1.0%
**Passenger Revenue Per
Avail. Seat Mile
(cents) 8.95 8.55 0.4 4.7%
Average Length of Haul 932 944 (12) (1.3%)
Lynx Aviation
November November Increase/ Percent
2008 2007 (Decrease)
Available Seat Miles
(ASM) 49,064,000 NA NA NA
Revenue Passenger
Miles 26,291,000 NA NA NA
Load Factor 53.6% NA NA NA
Revenue Passengers
Carried 70,933 NA NA NA
**Passenger Yield (cents) 21.01 NA NA NA
**Passenger Revenue Per
ASM (cents) 11.26 NA NA NA
Average Length of Haul 371 NA NA NA
Fiscal Fiscal Increase/ Percent
Year-to-Date Year-to-Date (Decrease)
2009 2008
Available Seat Miles 390,413,000 NA NA NA
Revenue Passenger
Miles 243,723,000 NA NA NA
Load Factor 62.4% NA NA NA
Revenue Passengers
Carried 694,756 NA NA NA
**Passenger Yield
(cents) 22.17 NA NA NA
**Passenger Revenue Per
ASM (cents) 13.84 NA NA NA
Average Length of Haul 351 NA NA NA
Calendar Calendar Increase/ Percent
Year-to-Date Year-to-Date (Decrease)
2008 2007
Available Seat Miles 538,638,000 NA NA NA
Revenue Passenger
Miles 333,278,000 NA NA NA
Load Factor 61.9% NA NA NA
Revenue Passengers
Carried 897,208 NA NA NA
**Passenger Yield (cents) 21.12 NA NA NA
**Passenger Revenue Per
ASM (cents) 13.07 NA NA NA
Average Length of Haul 371 NA NA NA
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 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 15th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing more than 5,000 aviation professionals. Frontier Airlines' mainline operation has 54 aircraft with one of the youngest Airbus fleets in North America. Frontier Airlines' mainline operations offer 24 channels of DIRECTV® service in every seatback along with a comfortable all-coach configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes to more than 50 destinations in the U.S., Mexico, Canada and 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, 2008. SOURCE: Frontier Airlines Holdings, Inc. Web site: http://www.frontierairlines.com/
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