DENVER,
Nov. 6 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc.
(OTC Bulletin Board: FRNTQ) today announced preliminary traffic results for
October 2008 for both Frontier's mainline operation as well as its
wholly-owned subsidiary, Lynx Aviation. Lynx 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 in the text and table below.
Mainline Results:
For October 2008, Frontier reported a record load factor of 83.8 percent,
an increase of 4.0 points from October 2007. The airline reported its
passenger revenue per available seat mile was 8.75 cents, up .70 cents or 8.7%
from October 2007. Frontier reported passenger yield of 10.45 cents for the
month, a 3.6% percent increase from the same period last year. The airline
carried 829,770 passengers, a 5.7 percent decrease from October 2007. For the
month of October 2008, the airline's average length of haul decreased 5.5
percent to 878 miles, compared to the same period last year. Revenue passenger
miles decreased 10.9 percent to 728,156,000 for October 2008 from the same
period last year. Available seat miles decreased 15.2 percent to 869,161,100
for October 2008 from the same period last year.
Lynx Aviation Results:
For October 2008, Lynx Aviation reported revenue passenger miles of
31,001,000 and available seat miles of 53,655,000 respectively. This resulted
in a load factor for October 2008 of 57.8 percent. Lynx carried 85,978
passengers during the month, with a passenger yield of 21.26 cents. Lynx
Aviation passenger revenue per available seat mile was 12.28 cents with an
average length of haul of 361 miles.
The following tables represent comparisons for the month of October
year-over-year, fiscal year-to-date, and calendar year-to-date traffic results
for Frontier's mainline operations and for Lynx.
Mainline
Increase/
October 2008 October 2007 (Decrease) Percent
Available Seat
Miles 869,161,000 1,024,439,000 (155,278,000) (15.2%)
Revenue Passenger
Miles 728,156,000 817,351,000 (89,195,000) (10.9%)
Load Factor 83.8% 79.8% 4.0 points N/A
Revenue Passengers
Carried 829,770 880,282 (50,512) (5.7%)
**Passenger Yield
(cents) 10.45 10.09 .36 3.6%
**Passenger Revenue
Per Avail. Seat Mile
(cents) 8.75 8.05 .70 8.7%
Average Length of Haul 878 929 (51) (5.5%)
Fiscal Year-to- Fiscal Year-to- Increase/
Date 2009 Date 2008 (Decrease) Percent
Available Seat
Miles 7,100,596,000 7,442,821,000 (342,225,000) (4.6%)
Revenue Passenger
Miles 6,003,752,000 6,146,862,000 (143,110,000) (2.3%)
Load Factor 84.6% 82.6% 2.0 points N/A
Revenue Passengers
Carried 6,545,011 6,503,771 41,240 0.6%
**Passenger Yield
(cents) 10.92 10.71 .21 2.0%
**Passenger Revenue
Per Avail. Seat Mile
(cents) 9.23 8.85 .38 4.3%
Average Length of Haul 917 945 (28) (3.0%)
Calendar Year Calendar Year Increase/
-to-Date 2008 -to-Date 2007 (Decrease) Percent
Available Seat
Miles 10,215,023,000 10,379,855,000 (164,832,000) (1.6%)
Revenue Passenger
Miles 8,444,535,000 8,236,051,000 208,484,000 2.5%
Load Factor 82.7% 79.4% 3.3 points N/A
Revenue Passengers
Carried 9,021,789 8,726,295 295,494 3.4%
**Passenger Yield
(cents) 10.88 10.75 .13 1.2%
**Passenger Revenue
Per Avail. Seat Mile
(cents) 8.99 8.53 .46 5.4%
Average Length of Haul 936 944 (8) (0.8%)
Lynx Aviation
Increase/
October 2008 October 2007 (Decrease) Percent
Available Seat
Miles (ASM) 53,655,000 NA NA NA
Revenue Passenger
Miles 31,001,000 NA NA NA
Load Factor 57.8% NA NA NA
Revenue Passengers
Carried 85,978 NA NA NA
**Passenger Yield
(cents) 21.26 NA NA NA
**Passenger Revenue
Per ASM (cents) 12.28 NA NA NA
Average Length of Haul 361 NA NA NA
Fiscal Year-to- Fiscal Year-to- Increase/ Percent
Date 2009 Date 2008 (Decrease)
Available Seat
Miles 341,349,000 NA NA NA
Revenue Passenger
Miles 217,432,000 NA NA NA
Load Factor 63.7% NA NA NA
Revenue Passengers
Carried 623,823 NA NA NA
**Passenger Yield
(cents) 22.32 NA NA NA
**Passenger Revenue
Per ASM (cents) 14.21 NA NA NA
Average Length of Haul 349 NA NA NA
Calendar Year Calendar Year Increase/
-to-Date 2008 -to-Date 2007 (Decrease) Percent
Available Seat
Miles 489,574,000 NA NA NA
Revenue Passenger
Miles 306,987,000 NA NA NA
Load Factor 62.7% NA NA NA
Revenue Passengers
Carried 826,275 NA NA NA
**Passenger Yield
(cents) 21.13 NA NA NA
**Passenger Revenue
Per ASM (cents) 13.25 NA NA NA
Average Length of Haul 372 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 56 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.
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