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Frontier Airlines Reports Preliminary Traffic for February 2009

March 5, 2009

DENVER, March 5 /PRNewswire-FirstCall/ — Frontier Airlines Holdings, Inc. (OTC Bulletin Board: FRNTQ) today announced preliminary traffic results for February 2009 for both Frontier’s mainline operation and its wholly-owned subsidiary, Lynx Aviation. Lynx commenced revenue service in December 2007.

Mainline Results for February 2009:

  • Revenue passenger miles decreased 19.9 percent to 596,736,000 and capacity (as measured by available seat miles) was down 15.4 percent to 810,586,000 from the same period last year. This resulted in a load factor of 73.6 percent, a decrease of 4.2 points over February 2008.
  • Passenger yield was 9.81 cents, down 0.14 cents or 1.4 percent from February 2008.
  • Passenger unit revenue decreased 6.7 percent to 7.22 cents.
  • The airline carried 664,930 passengers, a 12.6 percent decrease from the same period last year.
  • The airline’s average length of haul decreased 8.4 percent to 897 miles.

Lynx Aviation Results for February 2009:

  • Revenue passenger miles decreased 15.7 percent to 23,330,000 and capacity was down 9.4 percent to 43,098,000. This resulted in a load factor for February 2009 of 54.1 percent.
  • Passenger yield was 20.96 cents, up 4.0 cents or 23.6 percent from the same period last year.
  • Passenger unit revenue increased 14.9 percent to 11.34 cents.
  • Lynx Aviation carried 67,914 passengers, an 8.3 percent increase from February 2008.
  • The airline’s average length of haul decreased 22.0 percent to 344 miles.

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


    Mainline

                             February     February      Increase/
                               2009         2008       (Decrease)    Percent
    Available Seat
     Miles               810,586,000   957,589,000    (147,003,000)  (15.4%)
    Revenue Passenger
     Miles               596,736,000   744,762,000    (148,026,000)  (19.9%)
    Load Factor                 73.6%         77.8%    (4.2 points)      NA
    Revenue Passengers
     Carried                 664,930       760,816         (95,886)  (12.6%)
    **Passenger Yield (cents)   9.81          9.95           (0.14)   (1.4%)
    **Passenger Revenue Per
     Avail. Seat Mile (cents)   7.22          7.74           (0.52)   (6.7%)
    Average Length of Haul       897           979             (82)   (8.4%)

                     Fiscal Year-to-  Fiscal Year-to-  Increase/
                         Date 2009       Date 2008    (Decrease)     Percent
    Available Seat
     Miles            10,575,334,000 11,549,079,000 (973,745.000)     (8.4%)
    Revenue Passenger
     Miles             8,626,306,000  9,232,851,000 (606,545,000)     (6.6%)
    Load Factor                 81.6%          79.9%  1.7 points         NA
    Revenue Passengers
     Carried               9,463,430      9,668,505     (205,075)     (2.1%)
    **Passenger Yield
     (cents)                   10.87          10.73         0.14       1.3%
    **Passenger Revenue
     Per Avail. Seat Mile
     (cents)                    8.86           8.57         0.29       3.4%
    Average Length of Haul       912            955          (43)     (4.5%)

                      Calendar Year-  Calendar Year-   Increase/
                        to-Date 2009   to-Date 2008   (Decrease)     Percent
    Available Seat
     Miles             1,711,955,000  1,997,190,000 (285,235,000)    (14.3%)
    Revenue Passenger
     Miles             1,229,682,000  1,498,414,000 (268,732,000)    (17.9%)
    Load Factor                 71.8%          75.0% (3.2 points)        NA
    Revenue Passengers
     Carried               1,361,375      1,523,700     (162,325)    (10.7%)
    **Passenger Yield
     (cents)                   10.13          10.12         0.01       0.1%
    **Passenger Revenue
     Per Avail. Seat Mile
     (cents)                    7.28           7.59        (0.31)     (4.1%)
    Average Length of Haul       903            983          (80)     (8.1%)


    Lynx Aviation

                           February       February      Increase/
                             2009           2008       (Decrease)    Percent

    Available Seat
     Miles (ASM)          43,098,000     47,549,000     (4,451,000)   (9.4%)
    Revenue Passenger
     Miles                23,330,000     27,680,000     (4,350,000)  (15.7%)
    Load Factor                 54.1%          58.2%   (4.1 points)      NA
    Revenue Passengers
     Carried                  67,914         62,736          5,178     8.3%
    **Passenger Yield
     (cents)                   20.96          16.96            4.0    23.6%
    **Passenger Revenue Per
     ASM (cents)               11.34           9.87           1.47    14.9%
    Average Length of Haul       344            441            (97)  (22.0%)

                     Fiscal Year-to-  Fiscal Year-to-  Increase/
                         Date 2009       Date 2008    (Decrease)     Percent

    Available Seat
     Miles               527,212,000    115,639,000   411,573,000     355.9%
    Revenue Passenger
     Miles               319,446,000     64,864,000   254,582,000     392.4%
    Load Factor                 60.6%          56.1%   4.5 points         NA
    Revenue Passengers
     Carried                 913,600        146,987       766,613     521.6%
    **Passenger Yield
     (cents)                   22.21          17.82          4.39      24.6%
    **Passenger Revenue
     Per ASM (cents)           13.46          10.00          3.46      34.6%
    Average Length of Haul       350            441           (91)    (20.6%)

                        Calendar Year- Calendar Year-  Increase/
                          to-Date 2009  to-Date 2008  (Decrease)     Percent

    Available Seat
     Miles                88,950,000     94,143,000  (5,193,000)      (5.5%)
    Revenue Passenger
     Miles                45,363,000     51,223,000  (5,860,000)     (11.4%)
    Load Factor                 51.0%          54.4% (3.4 points)        NA
    Revenue Passengers
     Carried                 132,386        115,858       16,528       14.3%
    **Passenger Yield (cents)  21.85          17.38         4.47       25.7%
    **Passenger Revenue Per
     Avail. Seat Mile (cents)  11.14           9.46         1.68       17.8%
    Average Length of Haul       343            442          (99)     (22.4%)

    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.

SOURCE Frontier Airlines Holdings, Inc.


Source: newswire



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