Frontier Airlines Reports Preliminary Traffic For January 2008
February 05 2008 - 7:41PM
PR Newswire (US)
DENVER, Feb. 5 /PRNewswire-FirstCall/ -- Frontier Airlines
(NASDAQ:FRNT) today announced preliminary traffic results for
January 2008. Revenue passenger miles increased 18.3 percent to
753,652,000 for January 2008 from the same period last year.
Available seat miles increased 6.4 percent to 1,039,601,000 for
January 2008 from the same period last year. This resulted in a
record load factor for January 2008 of 72.5 percent, an increase of
7.3 points from January 2007, when the airline reported a load
factor of 65.2 percent. The airline carried 762,884 passengers
during January 2008, a 12.5 percent increase from January 2007. The
airline reported passenger yield of 10.28 cents for the month of
January 2008, an increase of 0.3 percent from the same period last
year. Its passenger revenue per available seat mile was 7.46 cents,
up .78 cents or 11.7 percent from January 2007. For the month of
January 2008, the airline's average length of haul increased 5.1
percent to 988 miles as compared to the same period last year. The
following table represents comparisons for the month of January
year-over-year, and fiscal 2008 year-to-date, year-over-year
traffic results. January 2008 January 2007 Increase/ Percent
(Decrease) Available Seat Miles (ASM) 1,039,601,000 977,197,000
62,404,000 6.4% Revenue Passenger Miles 753,652,000 637,262,000
116,390,000 18.3% Load Factor 72.5% 65.2% 7.3 pts n/a Revenue
Passengers Carried 762,884 678,079 84,805 12.5% **Passenger Yield
(cents) 10.28 10.25 .03 0.3% **Passenger Revenue Per ASM (cents)
7.46 6.68 .78 11.7% Average Length of Haul 988 940 48 5.1% Fiscal
Fiscal Increase/ Percent Year-to-Date Year-to-Date (Decrease) 2008
2007 Available Seat Miles 10,591,490,000 9,350,233,000
1,241,257,000 13.3% Revenue Passenger Miles 8,488,089,000
7,080,650,000 1,407,439,000 19.9% Load Factor 80.1% 75.7% 4.4 pts
n/a Revenue Passengers Carried 8,907,689 7,595,712 1,311,977 17.3%
**Passenger Yield (cents) 10.79 10.96 (.17) (1.6%) **Passenger
Revenue Per ASM (cents) 8.65 8.30 .35 4.2% Average Length of Haul
953 932 21 2.3% 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
ten 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; six
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://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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