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Oct 6, 2008Frontier Reports Preliminary Traffic for September 2008DENVER, Oct. 6 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC: FRNTQ) (BULLETIN BOARD: FRNTQ) today announced increases in passenger yield, passenger revenue per seat mile and passenger load factor compared to the same period in 2007. These increases were reported in the company's preliminary traffic results for September 2008 for both Frontier's mainline operation as well as its wholly-owned subsidiary, Lynx Aviation. Mainline Results: For September 2008, Frontier reported passenger yield of 10.60 cents, an 8.3 percent increase from the same period last year. Its passenger revenue per available seat mile was 8.78 cents, up 1.15 cents or 15.1 percent from September 2007. The airline carried 799,233 passengers, a 2.9 percent decrease from September 2007. For the month of September 2008, the airline's average length of haul decreased 5.5 percent to 891 miles, compared to the same period last year. Revenue passenger miles decreased 8.3 percent to 711,928,000 for September 2008 from the same period last year. Available seat miles decreased 13.7 percent to 859,920,000 for September 2008 from the same period last year. This resulted in a load factor for September 2008 of 82.8 percent, an increase of 4.9 points from September 2007. Lynx Aviation Results: For September 2008, Lynx Aviation reported revenue passenger miles of 32,210,000 and available seat miles of 52,151,000. This resulted in a load factor for September 2008 of 61.8 percent. Lynx Aviation carried 90,992 passengers with a passenger yield of 21.38 cents. Lynx Aviation passenger revenue per available seat mile was 13.20 cents with an average length of haul of 354 miles. The following tables represent comparisons for the month of September year-over-year, fiscal year-to-date, calendar year-to-date and quarter-to-date traffic results for Frontier's mainline operations and for Frontier Airlines Holdings, Inc.'s wholly-owned subsidiary, Lynx Aviation. Lynx commenced revenue service in December 2007, and only the current month, fiscal year-to-date, calendar year-to-date, and quarter end are presented for Lynx Aviation in the text and table below: Mainline
September September Increase/ Percent
2008 2007 (Decrease)
Available Seat
Miles 859,920,000 996,914,000 (136,994,000) (13.7%)
Revenue Passenger
Miles 711,928,000 776,607,000 (64,679,000) (8.3%)
Load Factor 82.8% 77.9% 4.9 points NA
Revenue
Passengers Carried 799,233 823,487 (24,254) (2.9%)
**Passenger Yield
(cents) 10.60 9.79 0.81 8.3%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 8.78 7.63 1.15 15.1%
Average Length of Haul 891 943 (52) (5.5%)
Fiscal Year- Fiscal Year- Increase/ Percent
to- Date 2009 to- Date 2008 (Decrease)
Available Seat
Miles 6,231,435,000 6,418,382,000 (186,947,000) (2.9%)
Revenue Passenger
Miles 5,275,596,000 5,329,511,000 (53,915,000) (1.0%)
Load Factor 84.7% 83.0% 1.7 points NA
Revenue
Passengers Carried 5,715,241 5,623,489 91,752 1.6%
**Passenger Yield
(cents) 10.99 10.81 0.18 1.7%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 9.30 8.98 0.32 3.6%
Average Length of Haul 923 948 (25) (2.6%)
Calendar Calendar Increase/ Percent
Year-to-Date Year-to-Date (Decrease)
2008 2007
Available Seat
Miles 9,345,862,000 9,355,416,000 (9,554,000) (0.1%)
Revenue Passenger
Miles 7,716,379,000 7,418,700,000 297,679,000 4.0%
Load Factor 82.6% 79.3% 3.3 points NA
Revenue
Passengers
Carried 8,192,019 7,846,013 346,006 4.4%
**Passenger Yield
(cents) 10.92 10.82 0.1 0.9%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 9.02 8.58 0.44 5.1%
Average Length of Haul 942 946 (4) (0.4%)
Quarter ended Quarter ended Increase/ Percent
September September (Decrease)
2008 2007
Available Seat
Miles 3,047,145,000 3,232,320,000 (185,175,000) (5.7%)
Revenue Passenger
Miles 2,612,977,000 2,738,605,000 (125,628,000) (4.6%)
Load Factor 85.8% 84.7% 1.1 points NA
Revenue
Passengers
Carried 2,884,959 2,901,077 (16,118) (0.6%)
**Passenger Yield
(cents) 11.44 10.95 0.49 4.5%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 9.81 9.28 0.53 5.7%
Average Length of Haul 906 944 (38) (4.0%)
Lynx Aviation
September September Increase/ Percent
2008 2007 (Decrease)
Available Seat Miles
(ASM) 52,151,000 NA NA NA
Revenue Passenger
Miles 32,210,000 NA NA NA
Load Factor 61.8% NA NA NA
Revenue Passengers
Carried 90,992 NA NA NA
**Passenger Yield
(cents) 21.38 NA NA NA
**Passenger Revenue
Per ASM (cents) 13.20 NA NA NA
Average Length of Haul 354 NA NA NA
Fiscal Year- Fiscal Year- Increase/ Percent
to-Date 2009 to-Date 2008 (Decrease)
Available Seat Miles 287,694,000 NA NA NA
Revenue Passenger
Miles 186,431,000 NA NA NA
Load Factor 64.8% NA NA NA
Revenue Passengers
Carried 537,845 NA NA NA
**Passenger Yield
(cents) 22.49 NA NA NA
**Passenger Revenue
Per ASM (cents) 14.58 NA NA NA
Average Length of Haul 347 NA NA NA
Calendar Year- Calendar Increase/ Percent
to-Date Year-to-Date (Decrease)
2008 2007
Available Seat Miles 435,919,000 NA NA NA
Revenue Passenger
Miles 275,986,000 NA NA NA
Load Factor 63.3% NA NA NA
Revenue Passengers
Carried 740,297 NA NA NA
**Passenger Yield
(cents) 21.11 NA NA NA
**Passenger Revenue
Per ASM (cents) 13.37 NA NA NA
Average Length of Haul 373 NA NA NA
Quarter Quarter Increase/ Percent
ended ended (Decrease)
September September
2008 2007
Available Seat Miles 154,986,000 NA NA NA
Revenue Passenger
Miles 104,307,000 NA NA NA
Load Factor 67.3% NA NA NA
Revenue
Passengers
Carried 302,678 NA NA NA
**Passenger Yield
(cents) 22.97 NA NA NA
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 15.46 NA NA NA
Average Length of Haul 345 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 56 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. CONTACT: Corporate Communications of Frontier Airlines, +1-720-374-4560, Web site: http://www.frontierairlines.com/
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