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Sep 6, 2006|
Frontier Airlines Reports Preliminary Traffic for August 2006
DENVER, Sept. 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for August 2006. Revenue passenger miles increased 17.9 percent to 773,215,000 for August 2006 from the same period last year. Available seat miles increased 15.9 percent to 980,922,000 for August 2006 from the same period last year. This resulted in a load factor for August 2006 of 78.8 percent, an increase of 1.3 points from August 2005, when the airline reported a load factor of 77.5 percent. The airline carried 836,715 passengers during August 2006, a 22.3 percent increase from August 2005. The airline reported passenger yield of 11.30 cents for the month of August 2006, an increase of 6.8 percent from the same period last year. Its passenger revenue per available seat mile was 8.90 cents, up .70 cents or 8.5 percent from August 2005. For the month of August 2006, the airline's average length of haul decreased 3.5 percent to 924 miles as compared to the same period last year.
The following table represents mainline comparisons for the month of August, calendar 2006 year-over-year and fiscal 2007 year-over-year traffic results.
Increase/ August 2006 August 2005 (Decrease) Percent Available Seat Miles 980,922,000 846,316,000 134,606,000 15.9% Revenue Passenger Miles 773,215,000 655,862,000 117,353,000 17.9% Load Factor 78.8% 77.5% 1.3 points N/A Revenue Passengers Carried 836,715 684,355 152,360 22.3% **Passenger Yield (cents) 11.30 10.58 .72 6.8 % **Passenger Revenue Per Avail. Seat Mile (cents) 8.90 8.20 .70 8.5% Average Length of Haul 924 958 (34) (3.5%) Calendar Calendar Increase/ Year-to-Date Year-to-Date (Decrease) Percent 2006 2005 Available Seat Miles 7,325,958,000 6,337,924,000 988,034,000 15.6% Revenue Passenger Miles 5,788,776,000 4,886,405,000 902,371,000 18.5% Load Factor 79.0% 77.1% 1.9 Points N/A Revenue Passengers Carried 6,135,973 5,001,118 1,134,855 22.7% **Passenger Yield (cents) 11.00 10.69 .31 2.9% **Passenger Revenue Per Avail. Seat Mile (cents) 8.69 8.24 .45 5.5% Average Length of Haul 943 977 (34) (3.5%) Fiscal Fiscal Increase/ Year-to-Date Year-to-Date (Decrease) Percent 2007 2006 Available Seat Miles 4,766,439,000 4,084,967,000 681,472,000 16.7% Revenue Passenger Miles 3,907,039,000 3,227,231,000 679,808,000 21.1% Load Factor 82.0% 79.0% 3.0 Points N/A Revenue Passengers Carried 4,156,086 3,325,646 830,440 25.0% **Passenger Yield (cents) 11.13 10.69 .44 4.1% **Passenger Revenue Per Avail. Seat Mile (cents) 9.12 8.44 .68 8.1% Average Length of Haul 940 970 (30) (3.1%) 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.
Currently in its 13th year of operations, Denver-based 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 47 destinations in 29 states spanning the nation from coast to coast, seven cities in Mexico and one city in Canada. Frontier's maintenance and engineering department has received the Federal Aviation Administration's highest award, the Diamond Certificate of Excellence, in recognition of 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs, for seven consecutive years. In July 2006, Frontier ranked as one of the "Top 5 Domestic Airlines" as determined by readers of Travel & Leisure magazine. Frontier provides capacity information and other operating statistics on its Web site, which may be viewed at 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 June 30, 2006.
SOURCE: Frontier Airlines
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/