Frontier Airlines Reports Preliminary Traffic for February 2008
March 06 2008 - 6:00PM
PR Newswire (US)
DENVER, March 6 /PRNewswire-FirstCall/ -- Frontier Airlines
Holdings, Inc. (NASDAQ:FRNT) today announced preliminary traffic
results for Feb. 2008 for both Frontier's mainline operation as
well as its wholly owned subsidiary, Lynx Aviation. Lynx Aviation
commenced revenue service in December 2007. As such, only the
current month, and fiscal year-to-date and calendar year-to-date
for the current year are presented in the text and table below.
Mainline Results Mainline revenue passenger miles increased 18.1
percent to 744,762,000 for Feb. 2008 from the same period last
year. Mainline available seat miles increased 7.5 percent to
957,989,000 for Feb. 2008 from the same period last year. This
resulted in a mainline load factor for Feb. 2008 of 77.8 percent,
an increase of 7.0 points from Feb. 2007, when the airline reported
a mainline load factor of 70.8 percent. The airline carried 760,816
mainline passengers during Feb. 2008, a 12.1 percent increase from
Feb. 2007. The airline reported mainline passenger yield of 9.95
cents for the month of Feb. 2008, a decrease of .40 cents or 3.9%
from Feb. 2007. Its mainline passenger revenue per available seat
mile was 7.74 cents, up .41 cents or 5.6 percent from Feb. 2007.
For the month of Feb. 2008, the airline's mainline average length
of haul increased 5.3 percent to 979 miles as compared to the same
period last year. Lynx Aviation Results For Feb. 2008, Lynx
reported revenue passenger miles of 27,680,000 and available seat
miles of 47,549,000. This resulted in a Lynx load factor for Feb.
2008 of 58.2 percent. Lynx carried 62,736 passengers during Feb.
2008, generating passenger yield of 16.96 cents. Lynx passenger
revenue per available seat mile was 9.87 cents its average length
of haul was 441 miles for Feb. 2008. The following tables represent
comparisons for the month of February year-over-year, fiscal 2008
year-to-date, and calendar 2008 year-to-date, year-over-year
traffic results for Frontier's mainline operations and for Frontier
Airlines Holding's, Inc. subsidiary, Lynx Aviation. Frontier
Mainline February 2008 February 2007 Increase/(Decrease) Percent
Available Seat Miles (ASM) 957,589,000 891,004,000 66,585,000 7.5 %
Revenue Passenger Miles 744,762,000 630,592,000 114,170,000 18.1 %
Load Factor 77.8 % 70.8 % 7.0 points N/A Revenue Passengers Carried
760,816 678,441 82,375 12.1 % **Passenger Yield (cents) 9.95 10.35
(.40) (3.9%) **Passenger Revenue Per ASM (cents) 7.74 7.33 .41 5.6
% Average Length of Haul 979 929 50 5.3 % Fiscal Fiscal
Year-to-Date Year-to-Date 2008 2007 Increase/(Decrease) Percent
Available Seat Miles 11,549,079,000 10,241,237,000 1,307,842,000
12.8 % Revenue Passenger Miles 9,232,851,000 7,711,242,000
1,521,609,000 19.7 % Load Factor 79.9 % 75.3 % 4.6 points N/A
Revenue Passengers Carried 9,668,505 8,274,153 1,394,352 16.9 %
**Passenger Yield (cents) 10.73 10.91 (.18) (1.7%) **Passenger
Revenue Per ASM (cents) 8.57 8.22 .35 4.4 % Average Length of Haul
955 932 23 2.5 % Calendar Calendar Year-to-Date Year-to-Date 2008
2007 Increase/(Decrease) Percent Available Seat Miles 1,997,190,000
1,868,201,000 128,989,000 6.9 % Revenue Passenger Miles
1,498,414,000 1,267,854,000 230,560,000 18.2 % Load Factor 75.0 %
67.9 % 7.1 points N/A Revenue Passengers Carried 1,523,700
1,356,520 167,180 12.3 % **Passenger Yield (cents) 10.12 10.30
(.18) (1.8%) **Passenger Revenue Per ASM (cents) 7.59 6.99 .60 8.6
% Average Length of Haul 983 935 48 5.2 % Lynx Aviation February
2008 February 2007 Increase/(Decrease) Percent Available Seat Miles
(ASM) 47,549,000 NA NA NA Revenue Passenger Miles 27,680,000 NA NA
NA Load Factor 58.2 % NA NA NA Revenue Passengers Carried 62,736 NA
NA NA **Passenger Yield (cents) 16.96 NA NA NA **Passenger Revenue
Per ASM (cents) 9.87 NA NA NA Average Length of Haul 441 NA NA NA
Fiscal Fiscal Year-to-Date Year-to-Date 2008 2007
Increase/(Decrease) Percent Available Seat Miles 117,617,000 NA NA
NA Revenue Passenger Miles 66,046,000 NA NA NA Load Factor 56.2 %
NA NA NA Revenue Passengers Carried 149,707 NA NA NA **Passenger
Yield (cents) 17.85 NA NA NA **Passenger Revenue Per ASM (cents)
10.02 NA NA NA Average Length of Haul 441 NA NA NA Calendar
Calendar Year-to-Date Year-to-Date 2008 2007 Increase/(Decrease)
Percent Available Seat Miles 94,143,000 NA NA NA Revenue Passenger
Miles 51,223,000 NA NA NA Load Factor 54.4 % NA NA NA Revenue
Passengers Carried 115,858 NA NA NA **Passenger Yield (cents) 17.38
NA NA NA **Passenger Revenue Per ASM (cents) 9.46 NA NA NA Average
Length of Haul 442 NA NA NA * Frontier's fiscal year begins April 1
and ends March 31. ** Passenger yield and passenger revenue per
available seat mile are 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 61
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 70 destinations, including 62 U.S.
cities in 34 states spanning the nation from coast to coast; six
cities in Mexico; one city 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 Holdings, Inc. CONTACT: Joe Hodas of Frontier
Airlines, +1-720-374-4504, Web site:
http://www.frontierairlines.com/
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