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Jun 6, 2007|
Frontier Airlines Reports Preliminary Traffic for May 2007
DENVER, June 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for May 2007. Revenue passenger miles increased 13.4 percent to 865,730,000 for May 2007 from the same period last year. Available seat miles increased 13.7 percent to 1,088,270,000 for May 2007 from the same period last year. This resulted in a load factor for May 2007 of 79.6 percent, a decrease of 0.2 points from May 2006, when the airline reported a load factor of 79.8 percent. The airline carried 912,219 passengers during May 2007, a 13.1 percent increase from May 2006. The airline reported passenger yield of 10.12 cents for the month of May 2007, a decrease of 1.8 percent from the same period last year. Its preliminary passenger revenue per available seat mile (RASM) was 8.05 cents, down .18 cents or 2.2 percent from May 2006. For the month of May 2007, the airline's average length of haul increased 0.2 percent to 949 miles, compared to the same period last year.
The following table represents comparisons for the month of May, calendar year-to-date and fiscal year-to-date, year-over-year traffic results.
Increase/ May 2007 May 2006 (Decrease) Percent Available Seat Miles 1,088,270,000 956,791,000 131,479,000 13.7% Revenue Passenger Miles 865,730,000 763,746,000 101,984,000 13.4% Load Factor 79.6% 79.8% (0.2 Points) N/A Revenue Passengers Carried 912,219 806,892 105,327 13.1% **Passenger Yield (cents) 10.12 10.31 (.19) (1.8%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.05 8.23 (.18) (2.2%) Average Length of Haul 949 947 2 0.2% Calendar Year- Calendar Year- Increase/ to-Date 2007 to-Date 2006 (Decrease) Percent Available Seat Miles 5,046,841,000 4,393,746,000 653,095,000 14.9% Revenue Passenger Miles 3,743,603,000 3,353,143,000 390,460,000 11.6% Load Factor 74.2% 76.3% (2.1 Points) N/A Revenue Passengers Carried 3,960,072 3,525,148 434,924 12.3% **Passenger Yield (cents) 10.56 10.53 .03 0.3% **Passenger Revenue Per Avail. Seat Mile (cents) 7.83 8.04 (.21) (2.6%) Average Length of Haul 945 951 (6) (0.6%) Fiscal Year- Fiscal Year- Increase/ to-Date 2008 to-Date 2007 (Decrease) Percent Available Seat Miles 2,109,807,000 1,834,227,000 275,580,000 15.0% Revenue Passenger Miles 1,654,414,000 1,471,406,000 183,008,000 12.4% Load Factor 78.4% 80.2% (1.8 Points) N/A Revenue Passengers Carried 1,737,548 1,545,261 192,287 12.4% **Passenger Yield (cents) 10.18 10.28 (.10) (1.0%) **Passenger Revenue Per Avail. Seat Mile (cents) 7.98 8.25 (.27) (3.3%) Average Length of Haul 952 952 -- -- 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 13th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 5,000 aviation professionals. With 59 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 our 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/