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Oct 20, 2001|
Frontier Airlines Reports October 2001 Traffic
DENVER (November 8, 2001) - Frontier Airlines (Nasdaq: FRNT ) today announced traffic results for October 2001. Revenue passenger miles (RPMs) decreased to 160,317,000 for October 2001, a decrease of 31.5 percent from the same period last year. Available seat miles (ASMs) decreased to 337,457,000 for October 2001, a decrease of 8.8 percent from the same period last year. This resulted in a load factor for October 2001 of 47.5 percent, a decrease of 15.8 points from October 2000. The airline's average fare during October 2001 was $128, a 9.2 percent decline from October 2000, when the airline reported an average fare of $141.
The airline also updated the investor relation's section of its Web site www.frontierairlines.com, providing a capacity forecast for the remainder of its fiscal year, which will end on Mar. 31, 2002. The airline plans a 9.7 percent increase in ASMs for its fiscal fourth quarter as compared to the same period last year, and a 7.6 percent increase in ASMs for its fiscal year 2002 as compared to the airline's fiscal year 2001.
"Our October traffic numbers demonstrate the dramatic decrease in traffic as a continuing result of the tragedy on September 11," said Frontier Vice President of Marketing and Planning Sean Menke. "On a positive note, we experienced a steady and consistent increase in traffic and bookings each week during the month of October, and we continue to experience strengthening booking trends for November and December. In addition, we will implement additional flight frequencies in four markets on November 15, adding back three percent of our capacity that was reduced after September 11."
The following table represents comparisons for October, fiscal year-to-date and calendar year-to-date traffic results.