Frontier Airlines Reports Preliminary Traffic for June 2008
DENVER, July 7 /PRNewswire-FirstCall/ — Frontier Airlines Holdings, Inc. (BULLETIN BOARD: FRNTQ) today announced preliminary traffic results for June 2008 for both Frontier’s mainline operation as well as its wholly owned subsidiary, Lynx Aviation. Lynx Aviation commenced revenue service in December 2007. As such, only the current month, quarter-to-date and calendar year-to-date are presented for Lynx Aviation in the text and table below.
Mainline Results
Mainline revenue passenger miles decreased 1.1 percent to 925,912,000 for June 2008 from the same period last year. Available seat miles decreased 1.3 percent to 1,061,901,000 for June 2008 from the same period last year. This resulted in a load factor for June 2008 of 87.2 percent, an increase of .2 points from June 2007, when the airline reported a load factor of 87.0 percent. The airline carried 1,002,329 passengers during June 2008, a 1.8 percent increase from June 2007. The airline reported passenger yield of 11.71 cents for the month of June 2008, an increase of 1.8 percent from the same period last year. The airline reported revenue per available seat mile (RASM) of 10.21 cents, up .20 cents or 2.0 percent from June 2007. For the month of June 2008, the airline’s average length of haul decreased 2.8 percent to 924 miles, compared to the same period last year.
Lynx Aviation Results
For June 2008, Lynx Aviation reported revenue passenger miles of 33,304,000 and available seat miles of 48,745,000, respectively. This resulted in a load factor for June 2008 of 68.3 percent. Lynx Aviation carried 96,947 passengers during June 2008, generating passenger yield of 23.44 cents. Lynx Aviation passenger revenue per available seat mile was 16.02 cents and its average length of haul was 344 miles for June 2008.
The following tables represent comparisons for the month of June year-over-year, quarter-to-date year-over-year and calendar year-to-date, year-over-year traffic results for Frontier’s mainline operations and for Frontier Airlines Holding’s, Inc. wholly owned subsidiary, Lynx Aviation.
Increase/ June 2008 June 2007 (Decrease) Percent Available Seat Miles 1,061,901,000 1,076,255,000 (14,354,000) (1.3%) Revenue Passenger Miles 925,912,000 936,492,000 (10,580,000) (1.1%) Load Factor 87.2% 87.0% .2 points N/A Revenue Passengers Carried 1,002,329 984,864 17,465 1.8% **Passenger Yield (cents) 11.71 11.50 0.21 1.8% **Passenger Revenue Per Avail. Seat Mile (cents) 10.21 10.01 0.20 2.0% Average Length of Haul (miles) 924 951 (27) (2.8%) Fiscal Fiscal First First Quarter Quarter Increase/ 2009 2008 (Decrease) Percent Available Seat Miles 3,184,290,000 3,186,062,000 (1,772,000) (.06%) Revenue Passenger Miles 2,662,619,000 2,590,906,000 71,713,000 2.8% Load Factor 83.6% 81.3% 2.3 points N/A Revenue Passengers Carried 2,830,282 2,722,412 107,870 4.0% **Passenger Yield (cents) 10.55 10.66 (0.11) (1.0%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.82 8.67 .15 1.7% Average Length of Haul (miles) 941 952 (11) (1.2%) Calendar Calendar Year-to- Year-to- Increase/ Date 2008 Date 2007 (Decrease) Percent Available Seat Miles 6,298,717,000 6,123,096,000 175,621,000 2.9% Revenue Passenger Miles 5,103,402,000 4,680,095,000 423,307,000 9.0% Load Factor 81.0% 76.4% 4.6 points N/A Revenue Passengers Carried 5,307,060 4,944,936 362,124 7.3% **Passenger Yield (cents) 10.65 10.75 (.10) (0.9%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.63 8.22 .41 5.0% Average Length of Haul (miles) 962 946 16 1.7% Lynx Aviation Increase/ June 2008 June 2007 (Decrease) Percent Available Seat Miles (ASM) 48,745,000 NA NA NA Revenue Passenger Miles 33,304,000 NA NA NA Load Factor 68.3% NA NA NA Revenue Passengers NA NA NA Carried 96,947 **Passenger Yield NA NA NA (cents) 23.44 **Passenger Revenue NA NA NA Per ASM (cents) 16.02 Average Length of Haul 344 NA NA NA Fiscal Fiscal First First Quarter Quarter Increase/ 2009 2008 (Decrease) Percent Available Seat Miles 132,708,000 NA NA NA Revenue Passenger Miles 82,124,000 NA NA NA Load Factor 61.9% NA NA NA Revenue Passengers NA NA NA Carried 235,167 **Passenger Yield NA NA NA (cents) 21.89 **Passenger Revenue NA NA NA Per ASM (cents) 13.55 Average Length of Haul 349 NA NA NA Calendar Calendar Year-to- Year-to- Increase/ Date 2008 Date 2007 (Decrease) Percent Available Seat Miles 280,933,000 NA NA NA Revenue Passenger Miles 171,679,000 NA NA NA Load Factor 61.1% NA NA NA Revenue Passengers NA NA NA Carried 437,619 **Passenger Yield (cents) 19.98 NA NA NA **Passenger Revenue NA NA NA Per ASM (cents) 12.21 Average Length of Haul 392 NA NA NA 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.
About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of Denver-based Frontier Airlines. Currently in its 14th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 6,000 aviation professionals. Frontier Airlines’ mainline operation has 60 aircraft with one of the youngest Airbus fleets in North America. Frontier Airlines’ mainline operations offer 24 channels of DIRECTV(R) service in every seatback along with a comfortable all-coach configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes to more than 50 destinations in the U.S., Mexico, Canada and Costa Rica. In November 2006, Frontier and AirTran announced a first-of-its-kind integrated marketing partnership that offers travelers the ability to reach more than 80 destinations across four countries with low fares, aboard two of the youngest fleets in the industry. For more in-depth information on Frontier Airlines, please visit its Web site 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, 2008.
Frontier Airlines Holdings, Inc.
CONTACT: Corporate Communications of Frontier Airlines, +1-720-374-4560media@flyfrontier.com
Web site: http://www.frontierairlines.com/