Airline reports record load factor for the month DENVER, Dec. 4
DENVER, Dec. 4 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc.
(OTC Bulletin Board: FRNTQ) today announced preliminary traffic results for
November 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 are presented for Lynx Aviation in the text and table
below.
Mainline Results for November 2008:
-- Frontier Airlines reported a load factor of 78.5 percent, an increase
of 0.4 points over November 2007.
-- Revenue passenger miles decreased 14.9 percent to 671,655,000 and
available seat miles were down 15.2 percent to 855,572,000 from the same
period last year.
-- Passenger yield was 10.75 cents, a 3.5 percent decrease from the same
period last year.
-- The airline carried 756,435 passengers, a 9.1 percent decrease from
November 2007.
-- Passenger revenue per available seat mile was 8.44 cents, down 0.27
cents or 3.1 percent from November 2007.
-- The airline's average length of haul decreased 6.3 percent to 888
miles, compared to the same period last year.
Lynx Aviation Results for November 2008:
-- Lynx Aviation reported revenue passenger miles of 26,291,000 and
available seat miles of 49,064,000. This resulted in a load factor for
November 2008 of 53.6 percent.
-- Lynx Aviation carried 70,933 passengers, with a passenger yield of
21.01 cents.
-- Passenger revenue per available seat mile was 11.26 cents, with an
average length of haul of 371 miles.
The following tables represent comparisons for the month of November year-
over-year, fiscal year-to-date, and calendar year-to-date traffic results for
Frontier's mainline operations and for Lynx Aviation.
Mainline
NovemberNovember Increase/ Percent
20082007 (Decrease)
Available Seat Miles855,572,000 1,009,512,000 (153,940,000) (15.2%)
Revenue Passenger
Miles 671,655,000 788,821,000 (117,166,000) (14.9%)
Load Factor 78.5% 78.1%0.4 points NA
Revenue Passengers
Carried756,435 832,269 (75,834) (9.1%)
**Passenger Yield
(cents)10.75 11.14 (0.39) (3.5%)
**Passenger Revenue
Per Avail. Seat Mile
(cents) 8.448.71 (0.27) (3.1%)
Average Length of Haul 888 948 (60) (6.3%)
Fiscal Fiscal Increase/ Percent
Year-to-DateYear-to-Date (Decrease)
20092008
Available Seat Miles 7,956,168,000 8,452,333,000 (496,165,000) (5.9%)
Revenue Passenger
Miles6,675,407,000 6,935,683,000 (260,276,000) (3.8%)
Load Factor 83.9% 82.1%1.8 points NA
Revenue Passengers
Carried 7,301,446 7,336,040 (34,594) (0.5%)
**Passenger Yield
(cents)10.90 10.76 0.141.3%
**Passenger Revenue
Per Avail. Seat Mile
(cents) 9.158.83 0.323.6%
Average Length of Haul 914 945 (31) (3.3%)
CalendarCalendar Increase/ Percent
Year-to-DateYear-to-Date(Decrease)
2008 2007
Available Seat Miles 11,070,595,000 11,389,367,000 (318,772,000) (2.8%)
Revenue Passenger
Miles9,116,190,000 9,024,872,00091,318,0001.0%
Load Factor 82.3% 79.2%3.1 points NA
Revenue Passengers
Carried 9,778,224 9,558,564 219,6602.3%
**Passenger Yield
(cents)10.90 10.79 0.111.0%
**Passenger Revenue Per
Avail. Seat Mile
(cents) 8.958.55 0.44.7%
Average Length of Haul 932 944 (12) (1.3%)
Lynx Aviation
November November Increase/ Percent
2008 2007 (Decrease)
Available Seat Miles
(ASM) 49,064,000 NANA NA
Revenue Passenger
Miles 26,291,000 NANA NA
Load Factor 53.6% NANA NA
Revenue Passengers
Carried 70,933 NANA NA
**Passenger Yield (cents) 21.01 NANA NA
**Passenger Revenue Per
ASM (cents)11.26 NANA NA
Average Length of Haul 371 NANA NA
Fiscal Fiscal Increase/ Percent
Year-to-DateYear-to-Date (Decrease)
2009 2008
Available Seat Miles390,413,000 NANA NA
Revenue Passenger
Miles 243,723,000 NANA NA
Load Factor 62.4% NANA NA
Revenue Passengers
Carried694,756 NANA NA
**Passenger Yield
(cents)22.17 NANA NA
**Passenger Revenue Per
ASM (cents)13.84 NANA NA
Average Length of Haul 351 NANA NA
CalendarCalendar Increase/ Percent
Year-to-DateYear-to-Date (Decrease)
20082007
Available Seat Miles538,638,000 NANA NA
Revenue Passenger
Miles 333,278,000 NANA NA
Load Factor 61.9% NANA NA
Revenue Passengers
Carried897,208 NANA NA
**Passenger Yield (cents) 21.12 NANA NA
**Passenger Revenue Per
ASM (cents)13.07 NANA NA
Average Length of Haul 371 NANA NA
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 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 15th year of operations, Frontier Airlines
is the second-largest jet service carrier at Denver International Airport,
employing more than 5,000 aviation professionals. Frontier Airlines' mainline
operation has 54 aircraft with one of the youngest Airbus fleets in North
America. Frontier Airlines' mainline operations offer 24 channels of
DIRECTV(R) service in every seatback along with a comfortable all-coach
configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft
operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.),
Frontier offers routes to more than 50 destinations in the U.S., Mexico,
Canada and 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, 2008.
SOURCE Frontier Airlines Holdings, Inc.
