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Jun 5, 2008|
Frontier Airlines Reports Preliminary Traffic for May 2008
Airline Achieves Record Load Factor for third consecutive month
DENVER, June 5 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC: FRNTQ) (BULLETIN BOARD: FRNTQ) today announced preliminary traffic results for May 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, quarter-to-date and calendar year-to-date are presented for Lynx Aviation in the text and table below.
Mainline revenue passenger miles increased 2.5 percent to 887,201,000 for May 2008 from the same period last year. Mainline available seat miles decreased by 0.8 percent to 1,079,730,000 for May 2008 from the same period last year. This resulted in a mainline load factor for May 2008 of 82.2 percent, an increase of 2.6 points from May 2007, when the airline reported a mainline load factor of 79.6 percent. The airline carried 949,116 mainline passengers during May 2008, a 4.0 percent increase from May 2008. The airline reported mainline passenger yield of 10.24 cents for the month of May 2008, an increase of 1.2 percent from the same period last May 2007. Its mainline passenger revenue per available seat mile was 8.42 cents, up .37 or 4.6 percent from May 2007.
Lynx Aviation Results
For May 2008, Lynx Aviation reported revenue passenger miles of 24,339,000 and available seat miles of 41,745,000, respectively. This resulted in a load factor for May 2008 of 58.3 percent. Lynx Aviation carried 77,369 passengers during May 2008, generating passenger yield of 23.51 cents. Lynx Aviation passenger revenue per available seat mile was 13.71 cents and its average length of haul was 315 miles for May 2008.
The following tables represent comparisons for the month of May year-over-year, quarter-to-date year-over-year and calendar year-to-date, year-over-year traffic results for Frontier's mainline operations and for Frontier Airlines Holding's, Inc. wholly owned subsidiary, Lynx Aviation.
May 2008 May 2007 Increase/ Percent (Decrease) Available Seat Miles 1,079,730,000 1,088,270,000 (8,540,000) (0.8)% Revenue Passenger Miles 887,201,000 865,730,000 21,471,000 2.5% Load Factor 82.2% 79.6% 2.6 points 3.3% Revenue Passengers Carried 949,116 912,219 36,897 4.0% **Passenger Yield (cents) 10.24 10.12 0.12 1.2% **Passenger Revenue Per Avail. Seat Mile (cents) 8.42 8.05 0.37 4.6% Average Length of Haul 935 949 (14) (1.5)% Quarter-to-Date Quarter-to-Date Increase/ Percent 2008 2007 (Decrease) Available Seat Miles 2,122,389,000 2,109,807,000 12,582,000 0.6% Revenue Passenger Miles 1,736,707,000 1,654,414,000 82,293,000 5.0% Load Factor 81.8% 78.4% 3.4 points 4.3% Revenue Passengers Carried 1,827,953 1,737,548 90,405 5.2% **Passenger Yield (cents) 9.92 10.18 (0.26) (2.6)% **Passenger Revenue Per Avail. Seat Mile (cents) 8.12 7.98 0.14 1.8% Average Length of Haul 950 952 (2) (0.2)% Calendar Calendar Increase/ Percent Year-to-Date Year-to-Date (Decrease) 2008 2007 Available Seat Miles 5,236,816,000 5,046,841,000 189,975,000 3.8% Revenue Passenger Miles 4,177,490,000 3,743,603,000 433,887,000 11.6% Load Factor 79.8% 74.2% 5.6 points 7.5% Revenue Passengers Carried 4,304,731 3,960,072 344,659 8.7% **Passenger Yield (cents) 10.42 10.56 (0.14) (1.3)% **Passenger Revenue Per Avail. Seat Mile (cents) 8.31 7.83 0.48 6.1% Average Length of Haul 970 945 25 2.6% Lynx Aviation May 2008 May 2007 Increase/ Percent (Decrease) Available Seat Miles (ASM) 41,745,000 NA NA NA Revenue Passenger Miles 24,339,000 NA NA NA Load Factor 58.3% NA NA NA Revenue Passengers Carried 77,369 NA NA NA **Passenger Yield (cents) 23.51 NA NA NA **Passenger Revenue Per ASM (cents) 13.71 NA NA NA Average Length of Haul 315 NA NA NA Quarter-to-Date Quarter-to-Date Increase/ Percent 2008 2007 (Decrease) Available Seat Miles 83,963,000 NA NA NA Revenue Passenger Miles 48,820,000 NA NA NA Load Factor 58.1% NA NA NA Revenue Passengers Carried 138,220 NA NA NA **Passenger Yield (cents) 20.83 NA NA NA **Passenger Revenue Per ASM (cents) 12.11 NA NA NA Average Length of Haul 353 NA NA NA Calendar Calendar Increase/ Percent Year-to-Date Year-to-Date (Decrease) 2008 2007 Available Seat Miles 232,188,000 NA NA NA Revenue Passenger Miles 138,375,000 NA NA NA Load Factor 59.6% NA NA NA Revenue Passengers Carried 340,672 NA NA NA **Passenger Yield (cents) 19.15 NA NA NA **Passenger Revenue Per ASM (cents) 11.41 NA NA NA Average Length of Haul 406 NA NA NA 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 revenue passengers reported in this 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 6,000 aviation professionals. Frontier Airlines' mainline operation has 60 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 60 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 http://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 Holdings, Inc.
CONTACT: Corporate Communications of Frontier Airlines Holdings, Inc.,
Web site: http://www.frontierairlines.com/