OCTOBER PASSENGER STATISTICS
November 06 2007 - 2:01AM
UK Regulatory
RNS Number:0635H
MAXjet Airways Inc.
06 November 2007
6 November 2007
MAXJET AIRWAYS INC.
("MAXjet" or the "Company")
OCTOBER PASSENGER STATISTICS
MAXjet today announces its passenger statistics for October 2007.
Highlights
* 71.5% revenue load factor (10,538 passengers), a 4pp increase
year-over-year
* 123% passenger increase year-over-year on a 112% increase in available
seats
* Fifth aircraft entered revenue service on 5 October 2007 providing an
operational spare
* New Saturday service to New York commenced 20 October 2007
* New Las Vegas and Los Angeles frequencies commence in December
October 2007
MAXjet's systemwide load factor in October was 71.5%, a year-over-year increase
of 4 percentage points. Revenue passengers increased from 4,728 in October 2006
to 10,538 in October 2007, an increase of 123%.
Service to Washington Dulles was discontinued after 28 October 2007 to permit
additional frequencies in New York, Los Angeles and Las Vegas. Additional
frequencies to Los Angeles and Las Vegas are now available for ticketing through
the Company's distribution channels. Additional frequencies to New York are
planned for March 2008. Progress on yields across markets continues to be made
year on year.
Key performance indicators for October and the year to date are summarized in
the tables below:
KPIs FOR OCTOBER* OCT 07 OCT 06 Change
Total Seats 14,752 6,952 112%
Revenue Passengers 10,538 4,728 123%
Capacity (ASM 000s) 64,078 24,513 161%
Capacity (ASK 000s) 103,124 39,450
Traffic (RPM 000s) 45,836 16,597 176%
Traffic (RPK 000s) 73,766 26,711
Revenue Load Factor 71.5% 67.7% +4pp
* Includes all scheduled flights marketed by MAXjet Airways
KPIs FOR YEAR TO DATE* JAN-OCT 07 JAN-OCT 06 Change
Total Seats 96,222 72,944 32%
Revenue Passengers 66,291 40,227 65%
Capacity (ASM 000s) 395,948 257,868 54%
Capacity (ASK 000s) 637,216 414,999
Traffic (RPM 000s) 276,158 141,706 95%
Traffic (RPK 000s) 444,446 228,053
Revenue Load Factor 69.7% 55.0% +15pp
* Includes all scheduled flights operated by MAXjet Airways
October On-time Performance
MAXjet's on-time performance for October 2007 was 70%. On-time performance was
impacted by offset daylight savings time-zone changes and fixed slot times which
resulted in late arriving flights into the United States. MAXjet's year to date
flight completions improved to 96.0%, with 99.4% of flights completed in
October.
Fifth Aircraft
MAXjet introduced its fifth aircraft into revenue service on 5 October 2007. An
extended-range B767, this aircraft allows MAXjet to keep an operational spare in
its fleet.
MAXjet jetStyle Inflight Magazine Awards
MAXjet's inflight magazine, jetStyle, has been awarded two Silver CREATE awards
for design. jetStyle offers information about each MAXjet destination,
including retail, restaurants and hotel accommodation. jetStyle is published
semi-annually and is available on every MAXjet flight.
Bill Stockbridge, CEO of MAXjet commented:
"I am particularly pleased with our strong system-wide load factors given that
the Los Angeles route has only now been operating for two months. This
demonstrates both the underlying momentum in our network and the strong customer
traction we are already achieving from both business and leisure customers
between London and Los Angeles."
For further information, please contact:
MAXjet Airways, Inc +1 703 574 6600
Bill Stockbridge, CEO
John Severson, CFO
Josh Marks, EVP, Head of Strategy & Route Development
Panmure Gordon, Nominated Adviser and Broker +44 207 459 3600
Grant Harrison
Andrew Potts
Chris Bucknall
FD +44 207 831 3113
Ben Foster
Notes to Editors
MAXjet Airways introduced the affordable all-business class segment, starting
service between London Stansted and New York (JFK) in November 2005. Since
launching the low-fare all-business class segment MAXjet has carried over
120,000 revenue passengers.
MAXjet offers the amenities of Business Class, including fast check-in security
clearance, departure lounges, padded leather seats with 170 degrees of recline
and up to 60" seat pitch, gourmet meals and an arrivals facility at Stansted, at
fares comparable to flexible Economy Class.
MAXjet offers convenient flight schedules with evening departures from cities
across the United States and return flights from Stansted that appeal to both
business and leisure passengers. MAXjet has attracted a customer base of small
business, large business and affluent leisure consumers with significant repeat
business and high customer satisfaction.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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