Midwest Air Group Reports December Performance
MILWAUKEE, Jan. 11 /PRNewswire-FirstCall/ — Midwest Air Group, Inc. today reported December performance data for Midwest Airlines and Midwest Connect.
Midwest Air Group, Inc. – Performance Report Twelve Months Ended December December 31, 2007 2006 % Change 2007 2006 % Change Midwest Air Group Scheduled Service Revenue Passenger Miles (000s) 350,082 335,746 4.3 4,725,413 4,086,394 15.6 Scheduled Service Available Seat Miles (000s) 516,855 471,448 9.6 6,183,174 5,362,671 15.3 Total Available Seat Miles (000s) 521,296 475,815 9.6 6,224,958 5,421,119 14.8 Load Factor (%) 67.7% 71.2% (3.5)pts. 76.4% 76.2% 0.2pts. Revenue Yield (estimate) $0.1484 $0.1393 6.5 $0.1425 $0.1440 (1.0) Passenger Revenue per Schd. Svc. ASM (estimate) $0.1005 $0.0992 1.3 $0.1089 $0.1097 (0.7) Total Revenue per Total ASM (estimate) $0.1142 $0.1153 (1.0) $0.1215 $0.1226 (0.9) Number of Flights 9,396 8,986 4.6 119,280 110,120 8.3 Into-plane Fuel Cost per Gallon (estimate) $2.09 $2.14 (2.7) $2.11 $2.17 (2.6) Midwest Airlines Operations Origin & Destination Passengers 266,711 297,776 (10.4) 3,790,495 3,621,048 4.7 Scheduled Service Revenue Passenger Miles (000s) 300,853 316,088 (4.8) 4,217,451 3,827,111 10.2 Scheduled Service Available Seat Miles (000s) 435,123 441,392 (1.4) 5,427,141 4,982,631 8.9 Total Available Seat Miles (000s) 439,564 445,759 (1.4) 5,468,924 5,040,712 8.5 Load Factor (%) 69.1% 71.6% (2.5)pts. 77.7% 76.8% 0.9pts. Revenue Yield (estimate) $0.1314 $0.1270 3.5 $0.1252 $0.1285 (2.6) Passenger Revenue per Schd. Svc. ASM (estimate) $0.0909 $0.0909 (0.1) $0.0973 $0.0987 (1.4) Total Revenue per Total ASM (estimate) $0.1076 $0.1087 (0.9) $0.1123 $0.1135 (1.1) Average Passenger Trip Length (miles) 1,128 1,061 6.3 1,113 1,057 5.3 Number of Flights 4,185 4,711 (11.2) 55,010 54,213 1.5 Into-plane Fuel Cost per Gallon (estimate) $2.08 $2.14 (2.9) $2.10 $2.16 (2.8) Midwest Connect Operations Origin & Destination Passengers 117,579 62,964 86.7 1,282,495 819,946 56.4 Scheduled Service Revenue Passenger Miles (000s) 49,230 19,658 150.4 507,962 259,283 95.9 Scheduled Service Available Seat Miles (000s) 81,732 30,057 171.9 756,033 380,040 98.9 Total Available Seat Miles (000s) 81,732 30,057 171.9 756,033 380,407 98.7 Load Factor (%) 60.2% 65.4% (5.2)pts. 67.2% 68.2% (1.0)pts. Revenue Yield (estimate) $0.2523 $0.3383 (25.4) $0.2858 $0.3719 (23.2) Passenger Revenue per Schd. Svc. ASM (estimate) $0.1520 $0.2213 (31.3) $0.1920 $0.2537 (24.3) Total Revenue per Total ASM (estimate) $0.1644 $0.2550 (35.5) $0.2090 $0.2851 (26.7) Average Passenger Trip Length (miles) 419 312 34.1 396 316 25.3 Number of Flights 5,211 4,275 21.9 64,270 55,907 15.0 Into-plane Fuel Cost per Gallon (estimate) $2.10 $2.15 (2.5) $2.15 $2.21 (2.4)
Note: All statistics exclude charter operations except total available seat miles, total revenue per total available seat miles and into-plane fuel cost. Numbers may not recalculate due to rounding.
This performance report includes operating statistics for the 50-seat regional jet fleet operated by SkyWest Airlines, affecting year-over-year comparisons for Midwest Air Group and Midwest Connect. That service, which launched April 1, 2007, has allowed for the opening of new markets as well as the conversion to Midwest Connect of some flights previously flown by Midwest Airlines.
Readers of Travel+Leisure named Midwest Airlines “Best Domestic Airline” in the magazine’s 2007 World’s Best Awards competition. The airline features jet service throughout the United States, including Milwaukee’s most daily nonstop flights and best schedule to major destinations. Catering to business travelers and discerning leisure travelers, the airline earned its reputation as “The best care in the air” by providing passengers with impeccable service and onboard amenities at competitive fares. Both Skyway Airlines, Inc. — a wholly owned subsidiary of Midwest Airlines — and SkyWest Airlines, Inc. operate as Midwest Connect and offer service to and connections through Midwest Airlines’ hubs. Together, the airlines offer service to more than 50 cities. More information is available at http://www.midwestairlines.com/.
Midwest Air Group, Inc.
CONTACT: Media Inquiries, Michael Brophy, +1-414-570-4206,Michael.Brophy@midwestairlines.com, or Analyst|Investor Inquiries, DennisO’Reilly, +1-414-570-3954, Dennis.O’Reilly@midwestairlines.com, both ofMidwest Air Group, Inc.
Web site: http://www.midwestairlines.com/
