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Jul 6, 2007|
Frontier Airlines Reports Preliminary Record Traffic for June 2007
Airline Reports Record High 87.0 Percent Load Factor
DENVER, July 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for June 2007. Revenue passenger miles increased 15.2 percent to 936,492,000 for June 2007 from the same period last year. Available seat miles increased 12.7 percent to 1,076,255,000 for June 2007 from the same period last year. This resulted in a load factor for June 2007 of 87.0 percent, an increase of 1.8 points from June 2006, when the airline reported a load factor of 85.2 percent. The airline carried 984,864 passengers during June 2007, a 14.8 percent increase from June 2006. The airline reported passenger yield of 11.50 cents for the month of June 2007, a decrease of .9 percent from the same period last year. Its preliminary passenger revenue per available seat mile (RASM) was 10.01 cents, up .12 cents or 1.2 percent from June 2006. For the month of June 2007, the airline's average length of haul increased .4 percent to 951 miles, compared to the same period last year.
"We are pleased to report that our 87.0 percent June load factor was the highest for any month in the company's history, and additionally, our passenger RASM of 10.1 cents was the second highest recorded for any month in the past six years," said Frontier Senior Vice President of Marketing and Planning John Happ.
The following table represents comparisons for the month of June, calendar year-to-date and fiscal first quarter, year-over-year traffic results.
Increase/ June 2007 June 2006 (Decrease) Percent Available Seat Miles 1,076,255,000 954,886,000 121,369,000 12.7% Revenue Passenger Miles 936,492,000 813,146,000 123,346,000 15.2% Load Factor 87.0% 85.2% 1.8 points N/A Revenue Passengers Carried 984,864 858,261 126,603 14.8% **Passenger Yield (cents) 11.50 11.61 (0.11) (0.9%) **Passenger Revenue Per Avail. Seat Mile (cents) 10.01 9.89 0.12 1.2% Average Length of Haul (miles) 951 947 4 0.4% Calendar Year- Calendar Year- Increase/ to-Date 2007 to-Date 2006 (Decrease) Percent Available Seat Miles 6,123,096,000 5,348,632,000 774,464,000 14.5% Revenue Passenger Miles 4,680,095,000 4,166,289,000 513,806,000 12.3% Load Factor 76.4% 77.9% (1.5 points) N/A Revenue Passengers Carried 4,944,936 4,383,409 561,527 12.8% **Passenger Yield (cents) 10.75 10.74 0.01 0.1% **Passenger Revenue Per Avail. Seat Mile (cents) 8.22 8.37 (0.15) (1.8%) Average Length of Haul (miles) 946 950 (4) (0.4%) Fiscal First Fiscal First Increase/ Quarter 2008 Quarter 2007 (Decrease) Percent Available Seat Miles 3,186,062,000 2,789,113,000 396,949,000 14.2% Revenue Passenger Miles 2,590,906,000 2,284,552,000 306,354,000 13.4% Load Factor 81.3% 81.9% (0.6 points) N/A Revenue Passengers Carried 2,722,412 2,403,522 318,890 13.3% **Passenger Yield (cents) 10.66 10.75 (0.09) (0.8%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.67 8.81 (0.14) (1.6%) Average Length of Haul (miles) 952 951 1 0.1% Frontier's fiscal year begins April 1 and ends March 31.
Statistics are for Frontier mainline service only (does not include Frontier JetExpress).
**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 14th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 5,000 aviation professionals. With 60 aircraft and one of the youngest Airbus fleet 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 58 destinations including 49 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/