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Sep 5, 2007|
Frontier Airlines Reports Preliminary Record Traffic for August 2007
DENVER, Sept. 5 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for August 2007. Revenue passenger miles increased 23.6 percent to 955,567,000 for August 2007 from the same period last year. Available seat miles increased 11.9 percent to 1,098,043,000 for August 2007 from the same period last year. This resulted in a load factor for August 2007 of 87.0 percent, an increase of 8.2 points from August 2006, and a record for the month of August. The airline carried 1,012,626 passengers during August 2007, a 21.0 percent increase from August 2006. The airline reported passenger yield of 11.18 cents for the month of August 2007, a decrease of 1.1 percent from the same period last year. Its passenger revenue per available seat mile (RASM) was 9.73 cents, up .83 cents or 9.3 percent from August 2006. For the month of August 2007, the airline's average length of haul increased 2.2 percent to 944 miles as compared to the same period last year.
"August was a great month for Frontier as we set a record load factor for August and improved our year-over-year RASM by 9.3 percent," said Paul Tate, Executive Vice President and Chief Financial Officer. "We are pleased to say that, seasonally adjusted, the strong demand we have seen this summer has carried into September. As a result we anticipate that we will exceed our previously stated fiscal second quarter earnings per share guidance."
The following table represents mainline comparisons for the month of August, calendar 2007 year-over-year and fiscal 2008 year-over-year traffic results.
August 2007 August 2006 Increase/ Percent (Decrease) Available Seat Miles 1,098,043,000 980,922,000 117,121,000 11.9 % Revenue Passenger Miles 955,567,000 773,215,000 182,352,000 23.6 % Load Factor 87.0 % 78.8 % 8.2 points N/A Revenue Passengers Carried 1,012,626 836,715 175,911 21.0 % **Passenger Yield (cents) 11.18 11.30 (.12) (1.1 %) **Passenger Revenue Per Avail. Seat Mile (cents) 9.73 8.90 .83 9.3 % Average Length of Haul 944 924 20 2.21 % Calendar Calendar Increase/ Percent Year-to- Year-to- (Decrease) Date 2007 Date 2006 Available Seat Miles 8,358,502,000 7,325,958,000 1,032,544,000 14.1 % Revenue Passenger Miles 6,642,093,000 5,788,776,000 853,317,000 14.7 % Load Factor 79.5 % 79.0 % 0.5 Points N/A Revenue Passengers Carried 7,022,526 6,135,973 886,553 14.4 % **Passenger Yield(cents) 10.94 11.00 (.06) (0.5 %) **Passenger Revenue Per Avail. Seat Mile (cents) 8.70 8.69 .01 0.1 % Average Length of Haul 946 943 3 0.3 % Fiscal Fiscal Increase/ Percent Year-to- Year-to- (Decrease) Date 2008 Date 2007 Available Seat Miles 5,421,468,000 4,766,439,000 655,029,000 13.7 % Revenue Passenger Miles 4,552,904,000 3,907,039,000 645,865,000 16.5 % Load Factor 84.0 % 82.0 % 2.0 Points N/A Revenue Passengers Carried 4,800,002 4,156,086 643,916 15.5 % **Passenger Yield(cents) 10.98 11.13 (.15) (1.3 %) **Passenger Revenue Per Avail. Seat Mile (cents) 9.22 9.12 .10 1.1 % Average Length of Haul 949 940 9 1.0 % 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 5,600 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 31 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/