Frontier Airlines Reports Preliminary Traffic for September 2007
October 04 2007 - 6:30PM
PR Newswire (US)
Frontier Achieves Record Load Factor for September DENVER, Oct. 4
/PRNewswire-FirstCall/ -- Frontier Airlines (NASDAQ:FRNT) today
announced preliminary traffic results for September 2007. Revenue
passenger miles increased 26.0 percent to 776,607,000 for September
2007 from the same period last year. Available seat miles increased
9.4 percent to 996,914,000 for September 2007 from the same period
last year. This resulted in a load factor for September 2007 of
77.9 percent, an increase of 10.3 points from September 2006, when
the airline reported a load factor of 67.6 percent. September
2007's 77.9 percent load factor is the highest in the airline's
history during the month of September. The airline carried 823,487
passengers during September 2007, a 21.8 percent increase from
September 2006. The airline reported passenger yield of 9.79 cents
for the month of September 2007, a decrease of 5.7 percent from the
same period last year. Its passenger revenue per available seat
mile was 7.63 cents, up .61 cents or 8.7 percent from September
2006. For the month of September 2007, the airline's average length
of haul increased 3.4 percent to 943 miles as compared to the same
period last year. The following table represents mainline
comparisons for the month of September year-over-year, calendar
2007 year-over-year, fiscal 2008 year-over-year and the quarter
ended September year-over-year traffic results. September September
Increase/ 2007 2006 (Decrease) Percent Available Seat Miles
996,914,000 911,638,000 85,276,000 9.4% Revenue Passenger Miles
776,607,000 616,459,000 160,148,000 26.0% Load Factor 77.9% 67.6%
10.3 points N/A Revenue Passengers Carried 823,487 675,835 147,652
21.8% **Passenger Yield (cents) 9.79 10.38 (.59) (5.7%) **Passenger
Revenue Per Avail. Seat Mile (cents) 7.63 7.02 .61 8.7% Average
Length of Haul 943 912 31 3.4% Calendar Calendar Increase/
Year-to-Date Year-to-Date (Decrease) Percent 2007 2006 Available
Seat Miles 9,355,416,000 8,237,596,000 1,117,820,000 13.6% Revenue
Passenger Miles 7,418,700,000 6,405,235,000 1,013,465,000 15.8%
Load Factor 79.3% 77.8% 1.5 Points N/A Revenue Passengers Carried
7,846,013 6,811,808 1,034,205 15.2% **Passenger Yield (cents) 10.82
10.94 (.12) (1.1%) **Passenger Revenue Per Avail. Seat Mile (cents)
8.58 8.51 .07 0.8% Average Length of Haul 946 940 6 0.6% Fiscal
Fiscal Increase/ Year-to-Date Year-to-Date (Decrease) Percent 2008
2007 Available Seat Miles 6,418,382,000 5,678,077,000 740,305,000
13.0% Revenue Passenger Miles 5,329,511,000 4,523,498,000
806,013,000 17.8% Load Factor 83.0% 79.7% 3.3 Points N/A Revenue
Passengers Carried 5,623,489 4,831,921 791,568 16.4% **Passenger
Yield (cents) 10.81 11.03 (.22) (2.0%) **Passenger Revenue Per
Avail. Seat Mile (cents) 8.98 8.78 .20 2.3% Average Length of Haul
948 936 12 1.3% Quarter Ended Quarter Ended Increase/ September
2007 September 2006 (Decrease) Percent Available Seat Miles
3,232,320,000 2,888,964,000 343,356,000 11.9% Revenue Passenger
Miles 2,738,605,000 2,238,946,000 499,659,000 22.3% Load Factor
84.7% 77.5% 7.2 Points N/A Revenue Passengers Carried 2,901,077
2,428,399 472,678 19.5% **Passenger Yield (cents) 10.95 11.30 (.35)
(3.1%) **Passenger Revenue Per Avail. Seat Mile (cents) 9.28 8.76
.52 5.9% Average Length of Haul 944 922 22 2.4% 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 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
6,000 aviation professionals. With 60 aircraft and one of the
youngest Airbus fleets 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 59
destinations including 50 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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