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Feb 5, 2008|
Frontier Airlines Reports Preliminary Traffic For January 2008
DENVER, Feb. 5 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for January 2008. Revenue passenger miles increased 18.3 percent to 753,652,000 for January 2008 from the same period last year. Available seat miles increased 6.4 percent to 1,039,601,000 for January 2008 from the same period last year. This resulted in a record load factor for January 2008 of 72.5 percent, an increase of 7.3 points from January 2007, when the airline reported a load factor of 65.2 percent. The airline carried 762,884 passengers during January 2008, a 12.5 percent increase from January 2007. The airline reported passenger yield of 10.28 cents for the month of January 2008, an increase of 0.3 percent from the same period last year. Its passenger revenue per available seat mile was 7.46 cents, up .78 cents or 11.7 percent from January 2007. For the month of January 2008, the airline's average length of haul increased 5.1 percent to 988 miles as compared to the same period last year.
The following table represents comparisons for the month of January year-over-year, and fiscal 2008 year-to-date, year-over-year traffic results.
January 2008 January 2007 Increase/ Percent (Decrease) Available Seat Miles (ASM) 1,039,601,000 977,197,000 62,404,000 6.4% Revenue Passenger Miles 753,652,000 637,262,000 116,390,000 18.3% Load Factor 72.5% 65.2% 7.3 pts n/a Revenue Passengers Carried 762,884 678,079 84,805 12.5% **Passenger Yield (cents) 10.28 10.25 .03 0.3% **Passenger Revenue Per ASM (cents) 7.46 6.68 .78 11.7% Average Length of Haul 988 940 48 5.1% Fiscal Fiscal Increase/ Percent Year-to-Date Year-to-Date (Decrease) 2008 2007 Available Seat Miles 10,591,490,000 9,350,233,000 1,241,257,000 13.3% Revenue Passenger Miles 8,488,089,000 7,080,650,000 1,407,439,000 19.9% Load Factor 80.1% 75.7% 4.4 pts n/a Revenue Passengers Carried 8,907,689 7,595,712 1,311,977 17.3% **Passenger Yield (cents) 10.79 10.96 (.17) (1.6%) **Passenger Revenue Per ASM (cents) 8.65 8.30 .35 4.2% Average Length of Haul 953 932 21 2.3% 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 mainline 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 14th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 6,000 aviation professionals. With 60 aircraft and one of the youngest Airbus fleets in North America, Frontier offers 24 channels of DIRECTV® service in every seatback along with a comfortable all coach configuration. In conjunction with its regional jet fleet, operated by Republic Airlines, and a fleet of ten Bombardier Q-400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes linking its Denver hub to 63 destinations, including 53 U.S. cities in 32 states spanning the nation from coast to coast; six cities in Mexico; two cities in Canada and one in 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
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/