Frontier Airlines Reports Preliminary Traffic for December 2007
January 07 2008 - 8:31PM
PR Newswire (US)
DENVER, Jan. 7 /PRNewswire-FirstCall/ -- Frontier Airlines
(NASDAQ:FRNT) today announced preliminary traffic results for
December 2007. Revenue passenger miles increased 31.7 percent to
798,754,000 for December 2007 from the same period last year.
Available seat miles increased 23.6 percent to 1,099,556,000 for
December 2007 from the same period last year. This resulted in a
load factor for December 2007 of 72.6 percent, an increase of 4.4
points from December 2006, when the airline reported a load factor
of 68.2 percent. The airline carried 808,765 passengers during
December 2007, a 26.5 percent increase from December 2006. The
airline reported passenger yield of 11.55 cents for the month of
December 2007, an increase of 1.5 percent from the same period last
year. Its passenger revenue per available seat mile was 8.39 cents,
up .63 or 8.1 percent from December 2006. For the month of December
2007, the airline's average length of haul increased 4.1 percent to
988 miles as compared to the same period last year. "We are further
revising the guidance we provided at the beginning of December
because of higher than expected operating expenses related to the
winter storms at our Denver hub and throughout the Midwest in late
December," said Sean Menke, Frontier President and CEO. "In
addition, we experienced weaker-than-expected performance in some
sun destination markets, many of which will be eliminated by
January 10, 2008. As a result, we now anticipate a pre-tax loss for
the December quarter in the range of $.78 - $.88 cents per share
excluding special items." The following table represents
comparisons for the month of December year-over-year, calendar 2007
year-over-year, fiscal 2008 year-over-year, and the quarter ended
December 31, 2007 year-over-year traffic results. December December
Increase/ Percent 2007 2006 (Decrease) Available Seat Miles (ASM)
1,099,556,000 889,373,000 210,183,000 23.6 % Revenue Passenger
Miles 798,754,000 606,723,000 192,031,000 31.7 % Load Factor 72.6 %
68.2 % 4.4 points N/A Revenue Passengers Carried 808,765 639,213
169,552 26.5 % **Passenger Yield (cents) 11.55 11.38 .17 1.5 %
**Passenger Revenue Per ASM (cents) 8.39 7.76 .63 8.1 % Average
Length of Haul 988 949 39 4.1 % Calendar Calendar Increase/ Percent
Year-to-Date Year-to-Date (Decrease) 2007 2006 Available Seat Miles
12,488,923,000 10,932,555,000 1,556,368,000 14.2 % Revenue
Passenger Miles 9,823,626,000 8,325,125,000 1,498,501,000 18.0 %
Load Factor 78.7 % 76.2 % 2.5 points N/A Revenue Passengers Carried
10,367,329 8,897,520 1,469,809 16.5 % **Passenger Yield (cents)
10.85 10.96 (.11) (1.0%) **Passenger Revenue Per ASM (cents) 8.53
8.35 .18 2.2 % Average Length of Haul 948 936 12 1.3 % Fiscal
Fiscal Increase/ Percent Year-to-Date Year-to-Date (Decrease) 2008
2007 Available Seat Miles 9,551,889,000 8,373,036,000 1,178,853,000
14.1 % Revenue Passenger Miles 7,734,437,000 6,443,388,000
1,291,049,000 20.0 % Load Factor 81.0 % 77.0 % 4.0 points N/A
Revenue Passengers Carried 8,144,805 6,917,633 1,227,172 17.7 %
**Passenger Yield (cents) 10.84 11.03 (.19) (1.7%) **Passenger
Revenue Per ASM (cents) 8.78 8.49 .29 3.4 % Average Length of Haul
950 931 19 2.0 % Quarter Ended Quarter Ended Increase/ Percent Dec.
31, 2007 Dec. 31, 2006 (Decrease) Available Seat Miles
3,133,507,000 2,694,959,000 438,548,000 16.3 % Revenue Passenger
Miles 2,404,926,000 1,919,890,000 485,036,000 25.3 % Load Factor
76.8 % 71.2 % 5.6 points N/A Revenue Passengers Carried 2,521,316
2,085,712 435,604 20.9 % **Passenger Yield (cents) 10.92 11.05
(.13) (1.2%) **Passenger Revenue Per ASM (cents) 8.38 7.87 .51 6.5
% Average Length of Haul 954 920 34 3.7 % 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 a comfortable all coach
configuration. In conjunction with its regional jet fleet, operated
by Republic Airlines, and a fleet of 8 Bombardier Q-400 aircraft
operated by Lynx Aviation (a subsidiary of Frontier Airlines
Holdings, Inc.), Frontier offers routes linking its Denver hub to
63 destinations, including 53 U.S. cities in 32 states spanning the
nation from coast to coast; seven cities in Mexico; two cities in
Canada and one in Costa Rica. 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. 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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