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Aug 4, 2006|
Frontier Airlines Reports Preliminary Traffic for July 2006
DENVER, Aug. 4 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for July 2006. Revenue passenger miles increased 16.1 percent to 849,272,000 for July 2006 from the same period last year. Available seat miles increased 11.6 percent to 996,404,000 for July 2006 from the same period last year. This resulted in a load factor for July 2006 of 85.2 percent, an increase of 3.3 points from July 2005, when the airline reported a load factor of 81.9 percent. The airline carried 915,849 passengers during July 2006, a 21.0 percent increase from July 2005. The airline reported passenger yield of 11.98 cents for the month of July 2006, an increase of 5.2 percent from the same period last year. Its passenger revenue per available seat mile was 10.21 cents, up 0.88 cents or 9.4 percent from July 2005. For the month of July 2006, the airline's average length of haul decreased 4.0 percent to 927 miles, compared to the same period last year.
The following table represents mainline comparisons for the month of July, fiscal 2007 year-over-year and calendar 2006 year-over-year traffic results.
Increase/ July 2006 July 2005 (Decrease) Percent Available Seat Miles 996,404,000 892,754,000 103,650,000 11.6% Revenue Passenger Miles 849,272,000 731,270,000 118,002,000 16.1% Load Factor 85.2% 81.9% 3.3 points N/A Revenue Passengers Carried 915,849 757,091 158,758 21.0% **Passenger Yield (cents) 11.98 11.39 .59 5.2% **Passenger Revenue Per Avail. Seat Mile (cents) 10.21 9.33 .88 9.4% Average Length of Haul 927 966 (39) (4.0%) Calendar Calendar Year-to-Date Year-to-Date Increase/ 2006 2005 (Decrease) Percent Available Seat Miles 6,345,036,000 5,491,608,000 853,428,000 15.5% Revenue Passenger Miles 5,015,561,000 4,230,543,000 785,018,000 18.6% Load Factor 79.1% 77.0% 2.1 Points N/A Revenue Passengers Carried 5,299,258 4,316,763 982,495 22.8% **Passenger Yield (cents) 10.95 10.70 .25 2.3% **Passenger Revenue Per Avail. Seat Mile (cents) 8.66 8.25 .41 5.0% Average Length of Haul 946 980 (34) (3.5%) Fiscal Fiscal Year-to- Year-to- Increase/ Date 2007 Date 2006 (Decrease) Percent Available Seat Miles 3,785,517,000 3,238,651,000 546,866,000 16.9% Revenue Passenger Miles 3,133,824,000 2,571,369,000 562,455,000 21.9% Load Factor 82.8% 79.4% 3.4 Points N/A Revenue Passengers Carried 3,319,371 2,641,291 678,080 25.7% **Passenger Yield (cents) 11.09 10.72 .37 3.5% **Passenger Revenue Per Avail. Seat Mile (cents) 9.18 8.51 .67 7.9% Average Length of Haul 944 974 (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 54 aircraft and 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/