Frontier Airlines Reports Preliminary Record Traffic for June 2007
July 06 2007 - 4:11PM
PR Newswire (US)
Airline Reports Record High 87.0 Percent Load Factor DENVER, July 6
/PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ:FRNT) today
announced preliminary traffic results for June 2007. Revenue
passenger miles increased 15.2 percent to 936,492,000 for June 2007
from the same period last year. Available seat miles increased 12.7
percent to 1,076,255,000 for June 2007 from the same period last
year. This resulted in a load factor for June 2007 of 87.0 percent,
an increase of 1.8 points from June 2006, when the airline reported
a load factor of 85.2 percent. The airline carried 984,864
passengers during June 2007, a 14.8 percent increase from June
2006. The airline reported passenger yield of 11.50 cents for the
month of June 2007, a decrease of .9 percent from the same period
last year. Its preliminary passenger revenue per available seat
mile (RASM) was 10.01 cents, up .12 cents or 1.2 percent from June
2006. For the month of June 2007, the airline's average length of
haul increased .4 percent to 951 miles, compared to the same period
last year. "We are pleased to report that our 87.0 percent June
load factor was the highest for any month in the company's history,
and additionally, our passenger RASM of 10.1 cents was the second
highest recorded for any month in the past six years," said
Frontier Senior Vice President of Marketing and Planning John Happ.
The following table represents comparisons for the month of June,
calendar year-to-date and fiscal first quarter, year-over-year
traffic results. Increase/ June 2007 June 2006 (Decrease) Percent
Available Seat Miles 1,076,255,000 954,886,000 121,369,000 12.7%
Revenue Passenger Miles 936,492,000 813,146,000 123,346,000 15.2%
Load Factor 87.0% 85.2% 1.8 points N/A Revenue Passengers Carried
984,864 858,261 126,603 14.8% **Passenger Yield (cents) 11.50 11.61
(0.11) (0.9%) **Passenger Revenue Per Avail. Seat Mile (cents)
10.01 9.89 0.12 1.2% Average Length of Haul (miles) 951 947 4 0.4%
Calendar Year- Calendar Year- Increase/ to-Date 2007 to-Date 2006
(Decrease) Percent Available Seat Miles 6,123,096,000 5,348,632,000
774,464,000 14.5% Revenue Passenger Miles 4,680,095,000
4,166,289,000 513,806,000 12.3% Load Factor 76.4% 77.9% (1.5
points) N/A Revenue Passengers Carried 4,944,936 4,383,409 561,527
12.8% **Passenger Yield (cents) 10.75 10.74 0.01 0.1% **Passenger
Revenue Per Avail. Seat Mile (cents) 8.22 8.37 (0.15) (1.8%)
Average Length of Haul (miles) 946 950 (4) (0.4%) Fiscal First
Fiscal First Increase/ Quarter 2008 Quarter 2007 (Decrease) Percent
Available Seat Miles 3,186,062,000 2,789,113,000 396,949,000 14.2%
Revenue Passenger Miles 2,590,906,000 2,284,552,000 306,354,000
13.4% Load Factor 81.3% 81.9% (0.6 points) N/A Revenue Passengers
Carried 2,722,412 2,403,522 318,890 13.3% **Passenger Yield (cents)
10.66 10.75 (0.09) (0.8%) **Passenger Revenue Per Avail. Seat Mile
(cents) 8.67 8.81 (0.14) (1.6%) Average Length of Haul (miles) 952
951 1 0.1% 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 5,000 aviation professionals. With 60
aircraft and one of the youngest Airbus fleet in North America,
Frontier offers 24 channels of DIRECTV(R) service in every seatback
along with 33 inches of legroom in an all coach configuration. In
conjunction with its regional jet fleet, operated by Horizon and
Republic Airlines, Frontier offers routes linking its Denver hub to
58 destinations including 49 U.S. cities in 30 states spanning the
nation from coast to coast, seven cities in Mexico and two cities
in Canada. 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. In December 2006, Frontier was designated "Best Low
Cost Carrier" in the U.S. by the readers of Business Traveler
magazine. Frontier's maintenance department has received the
Federal Aviation Administration (FAA) Diamond Award recognizing its
advanced training standards for eight consecutive years, from 1999
to 2006. For more in-depth information on Frontier Airlines, please
visit its Web site at http://www.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, 2007. DATASOURCE: Frontier Airlines
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504, Web site:
http://www.frontierairlines.com/
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