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Frontier Airlines Reports Preliminary Traffic for January 2009

February 5, 2009

DENVER, Feb. 5 /PRNewswire-FirstCall/ — Frontier Airlines Holdings, Inc. (OTC Bulletin Board: FRNTQ) today announced preliminary traffic results for January 2009 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 January 2009:

  • Revenue passenger miles decreased 16.0 percent to 632,946,000 and capacity (as measured by available seat miles) was down 13.3 percent to 901,369,000 from the same period last year. This resulted in a load factor of 70.2 percent, a decrease of 2.3 points over January 2008.
  • The airline reported passenger yield of 10.44 cents, up 0.16 cents or 1.6 percent from January 2008.
  • Passenger unit revenue decreased 1.7 percent to 7.33 cents.
  • The airline carried 696,445 passengers, an 8.7 percent decrease from the same period last year.
  • The airline’s average length of haul decreased 8.0 percent to 909 miles.

Lynx Aviation Results for January 2009:

  • Lynx Aviation reported revenue passenger miles of 22,033,000 and available seat miles of 45,852,000. This resulted in a load factor for January 2009 of 48.1 percent.
  • Lynx carried 64,472 passengers, with a passenger yield of 22.79 cents.
  • Passenger revenue per available seat mile was 10.95 cents with an average length of haul of 342 miles in January 2009.

The following tables represent comparisons for the month of January year-over-year and fiscal year-to-date traffic results for Frontier’s mainline operations and for Lynx Aviation.

    Mainline
                            January      January        Increase/
                              2009          2008        (Decrease)   Percent
    Available Seat
     Miles                901,369,000   1,039,601,000  (138,232,000) (13.3%)
    Revenue Passenger
     Miles                632,946,000     753,652,000  (120,706,000) (16.0%)
    Load Factor                 70.2%           72.5%   (2.3 points)     NA
    Revenue Passengers
     Carried                  696,445         762,884       (66,439)  (8.7%)
    **Passenger Yield
     (cents)                    10.44           10.28          0.16    1.6%
    **Passenger Revenue
     Per Avail. Seat
     Mile (cents)                7.33            7.46         (0.13)  (1.7%)
    Average Length of
     Haul                         909             988           (79)  (8.0%)

                       Fiscal Year-to-  Fiscal Year-to-  Increase/
                          Date 2009       Date 2008      (Decrease)  Percent
    Available Seat
     Miles              9,764,748,000  10,591,490,000  (826,742,000)  (7.8%)
    Revenue Passenger
     Miles              8,029,570,000   8,488,089,000  (458,519,000)  (5.4%)
    Load Factor                 82.2%           80.1%    2.1 points     NA
    Revenue Passengers
     Carried               8,798,500       8,907,689       (109,189)  (1.2%)
    **Passenger Yield
     (cents)                   10.94           10.79           0.15    1.4%
    **Passenger Revenue
     Per Avail. Seat
     Mile (cents)               9.00            8.65           0.35    4.0%
    Average Length of
     Haul                        913             953            (40)  (4.2%)

    Lynx Aviation
                            January      January         Increase/
                              2009          2008         (Decrease)  Percent
    Available
     Seat Miles (ASM)     45,852,000     46,594,000        (742,000)  (1.6%)
    Revenue Passenger
     Miles                22,033,000     23,543,000      (1,510,000)  (6.4%)
    Load Factor                48.1%          50.5%     (2.4 points)     NA
    Revenue Passengers
     Carried                  64,472         53,122          11,350    21.4%
    **Passenger Yield
     (cents)                   22.79          17.87            4.92    27.5%
    **Passenger Revenue
     Per ASM (cents)           10.95           9.03            1.92    21.3%
    Average Length of
     Haul                        342            443            (101)  (22.8%)

                       Fiscal Year-to-  Fiscal Year-to-  Increase/
                          Date 2009       Date 2008      (Decrease)  Percent
    Available Seat
     Miles               484,114,000             NA              NA      NA
    Revenue Passenger
     Miles               296,116,000             NA              NA      NA
    Load Factor                61.2%             NA              NA      NA
    Revenue Passengers
     Carried                 845,686             NA              NA      NA
    **Passenger Yield
     (cents)                   22.31             NA              NA      NA
    **Passenger Revenue
     Per ASM (cents)           13.65             NA              NA      NA
    Average Length of
     Haul                        350             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 51 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: newswire



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