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Jun 6, 2006|
Frontier Airlines Reports Preliminary Record Traffic for May 2006
DENVER, June 6 /PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ: FRNT) today announced preliminary traffic results for May 2006, with a record load factor for the month of May. Revenue passenger miles increased 24.2 percent to 763,746,000 for May 2006 from the same period last year. Available seat miles increased 19.0 percent to 956,791,000 for May 2006 from the same period last year. This resulted in a load factor for May 2006 of 79.8 percent, an increase of 3.3 points from May 2005, when the airline reported a load factor of 76.5 percent. The airline carried 806,892 passengers during May 2006, a 28.3 percent increase from May 2005. The airline reported passenger yield of 10.31 cents for the month of May 2006, an increase of 3.0 percent from the same period last year. Its preliminary passenger revenue per available seat mile (RASM) was 8.23 cents, up .58 cents or 7.6 percent from May 2005. For the month of May 2006, the airline's average length of haul decreased 3.1 percent to 947 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.
May 2006 May 2005 Increase/(Decrease) Percent Available Seat Miles 956,791,000 804,163,000 152,628,000 19.0% Revenue Passenger Miles 763,746,000 614,941,000 148,805,000 24.2% Load Factor 79.8% 76.5% 3.3 Points N/A Revenue Passengers Carried 806,892 629,113 177,779 28.3% **Passenger Yield (cents) 10.31 10.01 .30 3.0% **Passenger Revenue Per Avail. Seat Mile (cents) 8.23 7.65 .58 7.6% Average Length of Haul 947 977 (30) (3.1%) Calendar Calendar Increase/(Decrease) Percent Year-to- Year-to- Date 2006 Date 2005 Available Seat Miles 4,393,746,000 3,787,539,000 606,207,000 16.0% Revenue Passenger Miles 3,353,143,000 2,831,431,000 521,712,000 18.4% Load Factor 76.3% 74.8% 1.5 Points N/A Revenue Passengers Carried 3,525,148 2,870,329 654,819 22.8% **Passenger Yield (cents) 10.53 10.43 .10 1.0% **Passenger Revenue Per Avail. Seat Mile (cents) 8.04 7.80 .24 3.1% Average Length of Haul 951 986 (35) (3.5%) Fiscal Fiscal Increase/(Decrease) Percent Year-to- Year-to- Date 2007 Date 2006 Available Seat Miles 1,834,227,000 1,534,582,000 299,645,000 19.5% Revenue Passenger Miles 1,471,406,000 1,172,257,000 299,149,000 25.5% Load Factor 80.2% 76.4% 3.8 Points N/A Revenue Passengers Carried 1,545,261 1,194,857 350,404 29.3% **Passenger Yield (cents) 10.28 10.07 .21 2.1% **Passenger Revenue Per Avail. Seat Mile (cents) 8.25 7.69 .56 7.3% Average Length of Haul 952 981 (29) (3.0%) 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.
Currently in its 12th year of operations, Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport, employing approximately 4,800 aviation professionals. With 52 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 2005, Frontier ranked as one of the "Top 10 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, an 8-K filed on December, 28, 2005, the Company's Form 10-K for its fiscal year ended March 31, 2005 and the Company's Form 10-Q for the quarter ended December 31, 2005.
SOURCE: Frontier Airlines
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/