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Frontier Airlines Reports Record Preliminary Traffic for December 2008

Posted on: Tuesday, 6 January 2009, 19:54 CST

Airline sees record load factor for the month and quarter

DENVER, Jan. 6 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC Bulletin Board: FRNTQ) today announced preliminary traffic results for December 2008 for both Frontier's mainline operation as well as its wholly-owned subsidiary, Lynx Aviation. Lynx commenced revenue service in December 2007.

Mainline Results for December 2008:

• Frontier Airlines reported a load factor of 79.5 percent, an increase of 6.9 points over December 2007 and a company record for both the month and the December 2008 quarter.
• Passenger unit revenue was 9.34 cents, up 0.95 cents or 11.3 percent from December 2007.
• Passenger yield was 11.75 cents, a 1.7 percent increase from the same period last year.
• Revenue passenger miles decreased 9.7 percent to 721,217,000 and capacity (as measured by available seat miles) was down 17.5 percent to 907,211,000 from the same period last year.
• The airline carried 800,609 passengers, a 1.0 percent decrease from December 2007.
• The airline's average length of haul decreased 8.8 percent to 901 miles, compared to the same period last year.

Lynx Aviation Results for December 2008:

• Lynx Aviation reported revenue passenger miles of 30,360,000 and available seat miles of 47,849,000. This resulted in a load factor for December 2008 of 63.5 percent.
• Lynx carried 86,458 passengers, with a passenger yield of 23.06 cents.
• Passenger revenue per available seat mile was 14.63 cents with an average length of haul of 351 miles in December 2008.

The following tables represent comparisons for the month of December year-over-year, fiscal year-to-date, calendar year-to-date, and quarter-end traffic results for Frontier's mainline operations and for Lynx Aviation.

Mainline

December 2008 December 2007 Increase/(Decrease) Percent Available Seat Miles 907,211,000 1,099,556,000 (192,345,000) (17.5%) Revenue Passenger Miles 721,217,000 798,754,000 (77,537,000) (9.7%) Load Factor 79.5% 72.6% 6.9 points NA Revenue Passengers Carried 800,609 808,765 (8,156) (1.0%) **Passenger Yield (cents) 11.75 11.55 0.2 1.7% **Passenger Revenue Per Avail. Seat Mile (cents) 9.34 8.39 0.95 11.3% Average Length of Haul 901 988 (87) (8.8%) Fiscal Year-to- Fiscal Year-to- Increase/(Decrease) Percent Date 2009 Date 2008 Available Seat Miles 8,863,379,000 9,551,889,000 (688,510,000) (7.2%) Revenue Passenger Miles 7,396,624,000 7,734,437,000 (337,813,000) (4.4%) Load Factor 83.5% 81.0% 2.5 points NA Revenue Passengers Carried 8,102,055 8,144,805 (42,750) (0.5%) **Passenger Yield (cents) 10.99 10.84 0.15 1.4% **Passenger Revenue Per Avail. Seat Mile (cents) 9.17 8.78 0.39 4.4% Average Length of Haul 913 950 (37) (3.9%) Calendar Year Calendar Year Increase/(Decrease) Percent 2008 2007 Available Seat Miles 11,977,806,000 12,488,923,000 (511,117,000) (4.1%) Revenue Passenger Miles 9,837,407,000 9,823,626,000 13,781,000 0.1% Load Factor 82.1% 78.7% 3.4 points NA Revenue Passengers Carried 10,578,833 10,367,329 211,504 2.0% **Passenger Yield (cents) 10.93 10.85 0.08 0.7% **Passenger Revenue Per Avail. Seat Mile (cents) 8.98 8.53 0.45 5.3% Average Length of Haul 930 948 (18) (1.9%)

Quarter Ended Quarter Ended Increase/(Decrease) Percent Dec. 31, 2008 Dec. 31, 2007 Available Seat Miles 2,631,944,000 3,133,507,000 (501,563,000) (16.0%) Revenue Passenger Miles 2,121,028,000 2,404,926,000 (283,898,000) (11.8%) Load Factor 80.6% 76.8% 3.8 points NA Revenue Passengers Carried 2,386,814 2,521,316 (134,502) (5.3%) **Passenger Yield (cents) 10.99 10.92 0.07 points 0.6% **Passenger Revenue Per ASM (cents) 8.85 8.38 0.47 5.6% Average Length of Haul 889 954 (65) (6.8%)

Lynx Aviation

December 2008 December 2007 Increase/(Decrease) Percent Available Seat Miles (ASM) 47,849,000 21,496,000 26,353,000 122.6% Revenue Passenger Miles 30,360,000 13,641,000 16,719,000 122.6% Load Factor 63.5% 63.5% 0 points NA Revenue Passengers Carried 86,458 31,129 55,329 177.7% **Passenger Yield (cents) 23.06 19.49 3.57 18.3% **Passenger Revenue Per ASM (cents) 14.63 12.37 2.26 18.3% Average Length of Haul 351 438 (87) (19.9%)

Fiscal Fiscal Increase/(Decrease) Percent Year-to-Date Year-to-Date 2009 2008 Available Seat Miles 438,262,000 NA NA NA Revenue Passenger Miles 274,083,000 NA NA NA Load Factor 62.5% NA NA NA Revenue Passengers Carried 781,214 NA NA NA **Passenger Yield (cents) 22.27 NA NA NA **Passenger Revenue Per ASM (cents) 13.93 NA NA NA Average Length of Haul 351 NA NA NA

Calendar Calendar Increase/(Decrease) Percent Year-to-Date Year-to-Date 2008 2007 Available Seat Miles 586,487,000 NA NA NA Revenue Passenger Miles 363,638,000 NA NA NA Load Factor 62.0% NA NA NA Revenue Passengers Carried 983,666 NA NA NA **Passenger Yield (cents) 21.28 NA NA NA **Passenger Revenue Per ASM (cents) 13.19 NA NA NA Average Length of Haul 370 NA NA NA

Quarter Ended Quarter Ended Increase/(Decrease) Percent Dec. 31, 2008 Dec. 31, 2007 Available Seat Miles 150,568,000 NA NA NA Revenue Passenger Miles 87,652,000 NA NA NA Load Factor 58.2% NA NA NA Revenue Passengers Carried 243,369 NA NA NA **Passenger Yield (cents) 21.81 NA NA NA **Passenger Revenue Per ASM (cents) 12.69 NA NA NA Average Length of Haul 360 NA NA NA

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 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 15th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing more than 5,000 aviation professionals. Frontier Airlines' mainline operation has 52 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 and Costa Rica. 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.

Web site: FrontierAirlines.com

SOURCE Frontier Airlines Holdings, Inc.

Source: PR Newswire

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