UPDATE: Frontier Airlines Reports Preliminary Traffic for February 2008
March 06 2008 - 8:10PM
PR Newswire (US)
DENVER, March 6 /PRNewswire-FirstCall/ -- Frontier Airlines
Holdings, Inc. (NASDAQ:FRNT) today announced preliminary traffic
results for February 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, fiscal year-to-date and calendar year-to-date for
the current year are presented for Lynx Aviation in the text and
table below. Mainline Results Mainline revenue passenger miles
increased 18.1 percent to 744,762,000 for February 2008 from the
same period last year. Mainline available seat miles increased 7.5
percent to 957,589,000 for February 2008 from the same period last
year. This resulted in a mainline load factor for February 2008 of
77.8 percent, an increase of 7.0 points from February 2007, when
the airline reported a mainline load factor of 70.8 percent. The
airline carried 760,816 mainline passengers during February 2008, a
12.1 percent increase from February 2007. The airline reported
mainline passenger yield of 9.95 cents for the month of February
2008, a decrease of .40 cents or 3.9% from February 2007. Its
mainline passenger revenue per available seat mile was 7.74 cents,
up .41 cents or 5.6 percent from February 2007. For the month of
February 2008, the airline's mainline average length of haul
increased 5.4 percent to 979 miles as compared to the same period
last year. Lynx Aviation Results For February 2008, Lynx Aviation
reported revenue passenger miles of 27,680,000 and available seat
miles of 47,549,000. This resulted in a load factor for February
2008 of 58.2 percent. Lynx Aviation carried 62,736 passengers
during February 2008, generating passenger yield of 16.96 cents.
Lynx Aviation passenger revenue per available seat mile was 9.87
cents its average length of haul was 441 miles for February 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.
wholly owned subsidiary, Lynx Aviation. Frontier Mainline February
2008 February 2007 Increase/ Percent (Decrease) 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 5.4% Fiscal Year- Fiscal Year-
Increase/ Percent to-Date to-Date (Decrease) 2008 2007 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) (1.6%) **Passenger Revenue Per ASM
(cents) 8.57 8.22 .35 4.3% Average Length of Haul 955 932 23 2.5%
Calendar Calendar Increase/ Percent Year-to- Year-to- (Decrease)
Date 2008 Date 2007 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) (1.7%)
**Passenger Revenue Per ASM (cents) 7.59 6.99 .60 8.6% Average
Length of Haul 983 935 48 5.1% Lynx Aviation February February
Increase/ Percent 2008 2007 (Decrease) 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 Year- Fiscal Year- Increase/ Percent to-Date to-Date
(Decrease) 2008 2007 Available Seat Miles 115,639,000 NA NA NA
Revenue Passenger Miles 64,864,000 NA NA NA Load Factor 56.1% NA NA
NA Revenue Passengers Carried 146,987 NA NA NA **Passenger Yield
(cents) 17.82 NA NA NA **Passenger Revenue Per ASM (cents) 10.00 NA
NA NA Average Length of Haul 441 NA NA NA Calendar Calendar
Increase/ Percent Year-to- Year-to- (Decrease) Date Date 2008 2007
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 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. Frontier Airline's
mainline operation has 62 aircraft with one of the youngest Airbus
fleets in North America. Frontier Airline's mainline operations
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 36 states spanning the nation from coast to coast; six
cities in Mexico; 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
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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