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Oct 4, 2007|
Frontier Airlines Reports Preliminary Traffic for September 2007
Frontier Achieves Record Load Factor for September
DENVER, Oct. 4 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for September 2007. Revenue passenger miles increased 26.0 percent to 776,607,000 for September 2007 from the same period last year. Available seat miles increased 9.4 percent to 996,914,000 for September 2007 from the same period last year. This resulted in a load factor for September 2007 of 77.9 percent, an increase of 10.3 points from September 2006, when the airline reported a load factor of 67.6 percent. September 2007's 77.9 percent load factor is the highest in the airline's history during the month of September.
The airline carried 823,487 passengers during September 2007, a 21.8 percent increase from September 2006. The airline reported passenger yield of 9.79 cents for the month of September 2007, a decrease of 5.7 percent from the same period last year. Its passenger revenue per available seat mile was 7.63 cents, up .61 cents or 8.7 percent from September 2006. For the month of September 2007, the airline's average length of haul increased 3.4 percent to 943 miles as compared to the same period last year.
The following table represents mainline comparisons for the month of September year-over-year, calendar 2007 year-over-year, fiscal 2008 year-over-year and the quarter ended September year-over-year traffic results.
September September Increase/ 2007 2006 (Decrease) Percent Available Seat Miles 996,914,000 911,638,000 85,276,000 9.4% Revenue Passenger Miles 776,607,000 616,459,000 160,148,000 26.0% Load Factor 77.9% 67.6% 10.3 points N/A Revenue Passengers Carried 823,487 675,835 147,652 21.8% **Passenger Yield (cents) 9.79 10.38 (.59) (5.7%) **Passenger Revenue Per Avail. Seat Mile (cents) 7.63 7.02 .61 8.7% Average Length of Haul 943 912 31 3.4% Calendar Calendar Increase/ Year-to-Date Year-to-Date (Decrease) Percent 2007 2006 Available Seat Miles 9,355,416,000 8,237,596,000 1,117,820,000 13.6% Revenue Passenger Miles 7,418,700,000 6,405,235,000 1,013,465,000 15.8% Load Factor 79.3% 77.8% 1.5 Points N/A Revenue Passengers Carried 7,846,013 6,811,808 1,034,205 15.2% **Passenger Yield (cents) 10.82 10.94 (.12) (1.1%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.58 8.51 .07 0.8% Average Length of Haul 946 940 6 0.6% Fiscal Fiscal Increase/ Year-to-Date Year-to-Date (Decrease) Percent 2008 2007 Available Seat Miles 6,418,382,000 5,678,077,000 740,305,000 13.0% Revenue Passenger Miles 5,329,511,000 4,523,498,000 806,013,000 17.8% Load Factor 83.0% 79.7% 3.3 Points N/A Revenue Passengers Carried 5,623,489 4,831,921 791,568 16.4% **Passenger Yield (cents) 10.81 11.03 (.22) (2.0%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.98 8.78 .20 2.3% Average Length of Haul 948 936 12 1.3% Quarter Ended Quarter Ended Increase/ September 2007 September 2006 (Decrease) Percent Available Seat Miles 3,232,320,000 2,888,964,000 343,356,000 11.9% Revenue Passenger Miles 2,738,605,000 2,238,946,000 499,659,000 22.3% Load Factor 84.7% 77.5% 7.2 Points N/A Revenue Passengers Carried 2,901,077 2,428,399 472,678 19.5% **Passenger Yield (cents) 10.95 11.30 (.35) (3.1%) **Passenger Revenue Per Avail. Seat Mile (cents) 9.28 8.76 .52 5.9% Average Length of Haul 944 922 22 2.4% 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 33 inches of legroom in an all coach configuration. In conjunction with its regional jet fleet, operated by Horizon and Republic Airlines, Frontier offers routes linking its Denver hub to 59 destinations including 50 U.S. cities in 30 states spanning the nation from coast to coast, seven cities in Mexico and two cities in Canada. 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. In December 2006, Frontier was designated "Best Low Cost Carrier" in the U.S. by the readers of Business Traveler magazine. Frontier's maintenance department has received the Federal Aviation Administration (FAA) Diamond Award recognizing its advanced training standards for eight consecutive years, from 1999 to 2006. For more in-depth information on Frontier Airlines, please visit its Web site at http://www.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/