Frontier Airlines Reports Preliminary Traffic for March 2008
April 04 2008 - 9:00AM
PR Newswire (US)
Airline Achieves Record Load Factor for March DENVER, April 4, 2008
/PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc.
(NASDAQ:FRNT) today announced preliminary traffic results for March
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 ended and three months ended March 31, 2008 for the current
year are presented for Lynx Aviation in the text and table below.
Mainline Results Mainline revenue passenger miles increased 14.7
percent to 942,369,000 for March 2008 from the same period last
year. Mainline available seat miles increased 4.5 percent to
1,117,237,000 for March 2008 from the same period last year. This
resulted in a record mainline load factor for March 2008 of 84.4
percent, an increase of 7.6 points from March 2007, when the
airline reported a mainline load factor of 76.8 percent. The
airline carried 953,078 mainline passengers during March 2008, a
10.1 percent increase from March 2007. The airline reported
mainline passenger yield of 11.81 cents for the month of March
2008, an increase of 0.7 percent from the same period last year.
Its mainline passenger revenue per available seat mile was 9.96
cents, up .95 or 10.5 percent from March 2007. "The results posted
for the month of March are reflective of the progressive changes we
are making in realigning our network to drive traffic and revenue
improvements," said Sean Menke, President and CEO. "Our mainline
unit revenue performance for March, as well as the quarter, is the
best we have had in over five years. I am extremely proud of the
efforts put forth by the Frontier team in establishing record
traffic, revenue and load factor for the month." Lynx Aviation
Results For March 2008, Lynx Aviation reported revenue passenger
miles of 38,332,000 and available seat miles of 54,082,000. This
resulted in a load factor for March 2008 of 70.9 percent. Lynx
Aviation carried 86,594 passengers during March 2008, generating
passenger yield of 19.38 cents. Lynx Aviation passenger revenue per
available seat mile was 13.74 cents and its average length of haul
was 443 miles for March 2008. The following tables represent
comparisons for the month of March year-over-year, fiscal 2008 year
ended March 31, 2008, and three months ended March 31, 2008,
year-over-year traffic results for Frontier's mainline operations
and for Frontier Airlines Holding's, Inc. wholly owned subsidiary,
Lynx Aviation. Frontier Mainline March 2008 March 2007 Increase
Percent /(Decrease) Available Seat Miles (ASM) 1,117,237,000
1,068,833,000 48,404,000 4.5% Revenue Passenger Miles 942,369,000
821,335,000 121,034,000 14.7% Load Factor 84.4% 76.8% 7.6 points
N/A Revenue Passengers Carried 953,078 866,004 87,074 10.1%
**Passenger Yield (cents) 11.81 11.72 .09 0.7% **Passenger Revenue
Per ASM (cents) 9.96 9.01 .95 10.5% Average Length of Haul 989 948
41 4.3% Three Months Three Months Increase Percent Ended 3/31/08
Ended 3/31/07 /(Decrease) Available Seat Miles 3,114,427,000
2,937,034,000 177,393,000 6.0% Revenue Passenger Miles
2,440,783,000 2,089,189,000 351,594,000 16.8% Load Factor 78.4%
71.1% 7.3 points N/A Revenue Passengers Carried 2,476,778 2,222,524
254,254 11.4% **Passenger Yield (cents) 10.77 10.86 (0.09) (0.8%)
**Passenger Revenue Per ASM (cents) 8.44 7.73 .71 9.2% Average
Length of Haul 985 940 45 4.8% Fiscal Year- Fiscal Year- Increase
Percent Ended 3/31/08 Ended 3/31/07 /(Decrease) Available Seat
Miles 12,666,316,000 11,310,070,000 1,356,246,000 12.0% Revenue
Passenger Miles 10,175,220,000 8,532,577,000 1,642,643,000 19.3%
Load Factor 80.3% 75.4% 4.9 points N/A Revenue Passengers Carried
10,621,583 9,140,157 1,481,426 16.2% **Passenger Yield (cents)
10.83 10.99 (.16) (1.5%) **Passenger Revenue Per ASM (cents) 8.70
8.29 .41 4.9% Average Length of Haul 958 934 24 2.6% Lynx Aviation
March 2008 March 2007 Increase Percent /(Decrease) Available Seat
Miles (ASM) 54,082,000 NA NA NA Revenue Passenger Miles 38,332,000
NA NA NA Load Factor 70.9% NA NA NA Revenue Passengers Carried
86,594 NA NA NA **Passenger Yield (cents) 19.38 NA NA NA
**Passenger Revenue Per ASM (cents) 13.74 NA NA NA Average Length
of Haul 443 NA NA NA Three Months Three Months Increase Percent
Ended 3/31/08 Ended 3/31/07 /(Decrease) Available Seat Miles
148,225,000 NA NA NA Revenue Passenger Miles 89,555,000 NA NA NA
Load Factor 60.4% NA NA NA Revenue Passengers Carried 202,452 NA NA
NA **Passenger Yield (cents) 18.23 NA NA NA **Passenger Revenue Per
ASM (cents) 11.02 NA NA NA Average Length of Haul 442 NA NA NA
Fiscal Year- Fiscal Year- Increase Percent Ended 3/31/08 Ended
3/31/07 /(Decrease) Available Seat Miles 169,721,000 NA NA NA
Revenue Passenger Miles 103,196,000 NA NA NA Load Factor 60.8% NA
NA NA Revenue Passengers Carried 233,581 NA NA NA **Passenger Yield
(cents) 18.40 NA NA NA **Passenger Revenue Per ASM (cents) 11.19 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. 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; one
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
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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