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Feb 6, 2007|
Frontier Airlines Reports Preliminary Traffic for January 2007
DENVER, Feb. 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for January 2007. Revenue passenger miles increased 10.8 percent to 637,262,000 for January 2007 from the same period last year. Available seat miles increased 12.3 percent to 977,197,000 for January 2007 from the same period last year. This resulted in a load factor for January 2007 of 65.2 percent, a decrease of 0.9 points from January 2006, when the airline reported a load factor of 66.1 percent. The airline carried 678,079 passengers during January 2007, a 12.3 percent increase from January 2006. The airline reported passenger yield of 10.25 cents for the month of January 2007, a decrease of 3.7 percent from the same period last year. Its passenger revenue per available seat mile was 6.68 cents, down 0.35 cents or 5.0 percent from January 2006. For the month of January 2007, the airline's average length of haul decreased 1.4 percent to 940 miles as compared to the same period last year.
"While we anticipated a loss for the March quarter, our mainline January revenue was additionally impacted by approximately $3.5 million as a result of the effects of the two major snowstorms that hit our Denver hub in December," said Jeff Potter, President and CEO of Frontier Airlines.
The following table represents comparisons for the month of January year-over-year, and fiscal 2007 year-to-date, year-over-year traffic results.
January 2007 January 2006 Increase/(Decrease) Percent Available Seat Miles (ASM) 977,197,000 870,032,000 107,165,000 12.3% Revenue Passenger Miles 637,262,000 575,024,000 62,238,000 10.8% Load Factor 65.2% 66.1% (0.9) points N/A Revenue Passengers Carried 678,079 603,649 74,430 12.3% **Passenger Yield (cents) 10.25 10.64 (.39) (3.7%) **Passenger Revenue Per ASM (cents) 6.68 7.03 (.35) (5.0%) Average Length of Haul 940 953 (13) (1.4%) Fiscal Fiscal Increase/(Decrease) Percent Year-to-Date Year-to-Date 2007 2006 Available Seat Miles 9,350,233,000 8,196,112,000 1,154,121,000 14.1% Revenue Passenger Miles 7,080,650,000 6,130,117,000 950,533,000 15.5% Load Factor 75.7% 74.8% 0.9 points N/A Revenue Passengers Carried 7,595,712 6,387,597 1,208,115 18.9% **Passenger Yield (cents) 10.96 10.76 .20 1.9% **Passenger Revenue Per ASM (cents) 8.30 8.04 .26 3.2% Average Length of Haul 932 960 (28) (2.9%) 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 13th year of operations, Frontier Airlines is the second largest jet service carrier at Denver International Airport, employing approximately 5,000 aviation professionals. With 55 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 Frontier JetExpress operated by Horizon Air, Frontier operates routes linking its Denver hub to 55 destinations including 46 U.S. cities in 28 states spanning the nation from coast to coast, eight cities in Mexico and one city in Canada. In November of 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 of 2006 Frontier was designated "Best Low Cost Carrier" in the U.S. by the readers of Business Traveler magazine. For more in-depth information on Frontier Airlines, please visit our website 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, 2006 and the Company's Form 10-Q for the quarter ended December 31, 2006.
SOURCE: Frontier Airlines Holdings, Inc.
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/