Frontier Airlines Reports Preliminary Traffic for July 2007
August 06 2007 - 1:00PM
PR Newswire (US)
Airline Reports Record 88.5 Percent Load Factor DENVER, Aug. 6
/PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ:FRNT) today
announced preliminary traffic results for July 2007. Revenue
passenger miles increased 18.5 percent to 1,006,431,000 for July
2007 from the same period last year. Available seat miles increased
14.1 percent to 1,137,363,000 for July 2007 from the same period
last year. This resulted in a record load factor for July 2007 of
88.5 percent, an increase of 3.3 points from July 2006, and the
highest load factor in the history of the Company. The airline
carried 1,064,964 passengers during July 2007, a 16.3 percent
increase from July 2006. The airline reported passenger yield of
11.63 cents for the month of July 2007, a decrease of 2.9 percent
from the same period last year. Its passenger revenue per available
seat mile was 10.29 cents, up 0.08 cents or 0.8 percent from July
2006. For the month of July 2007, the airline's average length of
haul increased 1.9 percent to 946 miles, compared to the same
period last year. "July was a month of tremendous accomplishments
for Frontier, all of which were achieved as a result of the hard
work and efforts of our 5,500 employees," said John Happ, Senior
Vice President of Marketing and Planning. "I'm proud to say we
surpassed June's record load factor by 1.5 points -- an
accomplishment that is even more remarkable given that our
available seat miles (ASMs) increased over 14 percent. In spite of
that capacity growth, our revenue per available seat mile (RASM)
reached 10.29 cents, a level that we haven't seen since
pre-September 11th. In addition, for the first time in our history,
we carried over one million passengers for the month." The
following table represents mainline comparisons for the month of
July, fiscal 2008 year-over-year and calendar 2007 year-over-year
traffic results: Increase/ July 2007 July 2006 (Decrease) Percent
Available Seat Miles 1,137,363,000 996,404,000 140,959,000 14.1%
Revenue Passenger Miles 1,006,431,000 849,272,000 157,159,000 18.5%
Load Factor 88.5% 85.2% 3.3 points N/A Revenue Passengers Carried
1,064,964 915,849 149,115 16.3% **Passenger Yield (cents) 11.63
11.98 (.35) (2.9%) **Passenger Revenue Per Avail. Seat Mile (cents)
10.29 10.21 .08 0.8% Average Length of Haul 945 927 18 1.9%
Calendar Calendar Year-to-Date Year-to-Date Increase/ 2007 2006
(Decrease) Percent Available Seat Miles 7,260,459,000 6,345,036,000
915,243,000 14.4% Revenue Passenger Miles 5,686,526,000
5,015,561,000 670,965,000 13.4% Load Factor 78.3% 79.1% (0.8)
Points N/A Revenue Passengers Carried 6,009,900 5,299,258 710,642
13.4% **Passenger Yield (cents) 10.90 10.95 (.05) (0.5%)
**Passenger Revenue Per Avail. Seat Mile (cents) 8.54 8.66 (.12)
(1.4%) Average Length of Haul 946 946 0 0% Fiscal Fiscal
Year-to-Date Year-to-Date Increase/ 2008 Date 2007 (Decrease)
Percent Available Seat Miles 4,323,425,000 3,785,517,000
537,908,000 14.2% Revenue Passenger Miles 3,597,337,000
3,133,824,000 463,513,000 14.8% Load Factor 83.2% 82.8% 0.4 Points
N/A Revenue Passengers Carried 3,787,376 3,319,371 468,005 14.1%
**Passenger Yield (cents) 10.93 11.09 (.16) (1.4%) **Passenger
Revenue Per Avail. Seat Mile (cents) 9.09 9.18 (0.09) (1.0%)
Average Length of Haul 950 944 6 0.6% 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 mainline 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 5,500 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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