DENVER,
Feb. 5 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (OTC Bulletin Board: FRNTQ) today announced preliminary traffic results for
January 2009 for both Frontier’s mainline operation as well as its wholly-owned subsidiary, Lynx Aviation. Lynx commenced revenue service in
December 2007.
Mainline Results for January 2009:
- Revenue passenger miles decreased 16.0 percent to 632,946,000 and capacity (as measured by available seat miles) was down 13.3 percent to 901,369,000 from the same period last year. This resulted in a load factor of 70.2 percent, a decrease of 2.3 points over January 2008.
- The airline reported passenger yield of 10.44 cents, up 0.16 cents or 1.6 percent from January 2008.
- Passenger unit revenue decreased 1.7 percent to 7.33 cents.
- The airline carried 696,445 passengers, an 8.7 percent decrease from the same period last year.
- The airline’s average length of haul decreased 8.0 percent to 909 miles.
Lynx Aviation Results for January 2009:
- Lynx Aviation reported revenue passenger miles of 22,033,000 and available seat miles of 45,852,000. This resulted in a load factor for January 2009 of 48.1 percent.
- Lynx carried 64,472 passengers, with a passenger yield of 22.79 cents.
- Passenger revenue per available seat mile was 10.95 cents with an average length of haul of 342 miles in January 2009.
The following tables represent comparisons for the month of January year-over-year and fiscal year-to-date traffic results for Frontier’s mainline operations and for Lynx Aviation.
Mainline
January January Increase/
2009 2008 (Decrease) Percent
Available Seat
Miles 901,369,000 1,039,601,000 (138,232,000) (13.3%)
Revenue Passenger
Miles 632,946,000 753,652,000 (120,706,000) (16.0%)
Load Factor 70.2% 72.5% (2.3 points) NA
Revenue Passengers
Carried 696,445 762,884 (66,439) (8.7%)
**Passenger Yield
(cents) 10.44 10.28 0.16 1.6%
**Passenger Revenue
Per Avail. Seat
Mile (cents) 7.33 7.46 (0.13) (1.7%)
Average Length of
Haul 909 988 (79) (8.0%)
Fiscal Year-to- Fiscal Year-to- Increase/
Date 2009 Date 2008 (Decrease) Percent
Available Seat
Miles 9,764,748,000 10,591,490,000 (826,742,000) (7.8%)
Revenue Passenger
Miles 8,029,570,000 8,488,089,000 (458,519,000) (5.4%)
Load Factor 82.2% 80.1% 2.1 points NA
Revenue Passengers
Carried 8,798,500 8,907,689 (109,189) (1.2%)
**Passenger Yield
(cents) 10.94 10.79 0.15 1.4%
**Passenger Revenue
Per Avail. Seat
Mile (cents) 9.00 8.65 0.35 4.0%
Average Length of
Haul 913 953 (40) (4.2%)
Lynx Aviation
January January Increase/
2009 2008 (Decrease) Percent
Available
Seat Miles (ASM) 45,852,000 46,594,000 (742,000) (1.6%)
Revenue Passenger
Miles 22,033,000 23,543,000 (1,510,000) (6.4%)
Load Factor 48.1% 50.5% (2.4 points) NA
Revenue Passengers
Carried 64,472 53,122 11,350 21.4%
**Passenger Yield
(cents) 22.79 17.87 4.92 27.5%
**Passenger Revenue
Per ASM (cents) 10.95 9.03 1.92 21.3%
Average Length of
Haul 342 443 (101) (22.8%)
Fiscal Year-to- Fiscal Year-to- Increase/
Date 2009 Date 2008 (Decrease) Percent
Available Seat
Miles 484,114,000 NA NA NA
Revenue Passenger
Miles 296,116,000 NA NA NA
Load Factor 61.2% NA NA NA
Revenue Passengers
Carried 845,686 NA NA NA
**Passenger Yield
(cents) 22.31 NA NA NA
**Passenger Revenue
Per ASM (cents) 13.65 NA NA NA
Average Length of
Haul 350 NA NA 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 51 aircraft with one of the youngest Airbus fleets in North America. Frontier Airlines' mainline operations offer 24 channels of DIRECTV® 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 and Costa Rica. 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.
Web site: FrontierAirlines.com
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