Frontier Airlines Reports Preliminary Traffic for February 2008
Frontier Airlines Holdings, Inc. (NASDAQ:FRNT) today announced preliminary traffic results for Feb. 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, and fiscal year-to-date and calendar year-to-date for the current year are presented in the text and table below.
Mainline Results
Mainline revenue passenger miles increased 18.1 percent to 744,762,000 for Feb. 2008 from the same period last year. Mainline available seat miles increased 7.5 percent to 957,989,000 for Feb. 2008 from the same period last year. This resulted in a mainline load factor for Feb. 2008 of 77.8 percent, an increase of 7.0 points from Feb. 2007, when the airline reported a mainline load factor of 70.8 percent. The airline carried 760,816 mainline passengers during Feb. 2008, a 12.1 percent increase from Feb. 2007. The airline reported mainline passenger yield of 9.95 cents for the month of Feb. 2008, a decrease of .40 cents or 3.9% from Feb. 2007. Its mainline passenger revenue per available seat mile was 7.74 cents, up .41 cents or 5.6 percent from Feb. 2007. For the month of Feb. 2008, the airline's mainline average length of haul increased 5.3 percent to 979 miles as compared to the same period last year.
Lynx Aviation Results
For Feb. 2008, Lynx reported revenue passenger miles of 27,680,000 and available seat miles of 47,549,000. This resulted in a Lynx load factor for Feb. 2008 of 58.2 percent. Lynx carried 62,736 passengers during Feb. 2008, generating passenger yield of 16.96 cents. Lynx passenger revenue per available seat mile was 9.87 cents its average length of haul was 441 miles for Feb. 2008.
The following tables represent comparisons for the month of February year-over-year, fiscal 2008 year-to-date, and calendar 2008 year-to-date, year-over-year traffic results for Frontier's mainline operations and for Frontier Airlines Holding's, Inc. subsidiary, Lynx Aviation.
Frontier Mainline
February 2008 February 2007 Increase/(Decrease) Percent
Available Seat
Miles (ASM) 957,589,000 891,004,000 66,585,000 7.5 %
Revenue
Passenger
Miles 744,762,000 630,592,000 114,170,000 18.1 %
Load Factor 77.8 % 70.8 % 7.0 points N/A
Revenue
Passengers
Carried 760,816 678,441 82,375 12.1 %
**Passenger
Yield (cents) 9.95 10.35 (.40) (3.9%)
**Passenger
Revenue Per ASM
(cents) 7.74 7.33 .41 5.6 %
Average Length
of Haul 979 929 50 5.3 %
Fiscal Fiscal
Year-to-Date Year-to-Date
2008 2007 Increase/(Decrease) Percent
Available Seat
Miles 11,549,079,000 10,241,237,000 1,307,842,000 12.8 %
Revenue
Passenger
Miles 9,232,851,000 7,711,242,000 1,521,609,000 19.7 %
Load Factor 79.9 % 75.3 % 4.6 points N/A
Revenue
Passengers
Carried 9,668,505 8,274,153 1,394,352 16.9 %
**Passenger
Yield (cents) 10.73 10.91 (.18) (1.7%)
**Passenger
Revenue Per ASM
(cents) 8.57 8.22 .35 4.4 %
Average Length
of Haul 955 932 23 2.5 %
Calendar Calendar
Year-to-Date Year-to-Date
2008 2007 Increase/(Decrease) Percent
Available Seat
Miles 1,997,190,000 1,868,201,000 128,989,000 6.9 %
Revenue
Passenger
Miles 1,498,414,000 1,267,854,000 230,560,000 18.2 %
Load Factor 75.0 % 67.9 % 7.1 points N/A
Revenue
Passengers
Carried 1,523,700 1,356,520 167,180 12.3 %
**Passenger
Yield (cents) 10.12 10.30 (.18) (1.8%)
**Passenger
Revenue Per ASM
(cents) 7.59 6.99 .60 8.6 %
Average Length
of Haul 983 935 48 5.2 %
Lynx Aviation
February 2008 February 2007 Increase/(Decrease) Percent
Available Seat
Miles (ASM) 47,549,000 NA NA NA
Revenue Passenger
Miles 27,680,000 NA NA NA
Load Factor 58.2 % NA NA NA
Revenue Passengers
Carried 62,736 NA NA NA
**Passenger Yield
(cents) 16.96 NA NA NA
**Passenger Revenue Per
ASM (cents) 9.87 NA NA NA
Average Length of Haul 441 NA NA NA
Fiscal Fiscal
Year-to-Date Year-to-Date
2008 2007 Increase/(Decrease) Percent
Available
Seat Miles 117,617,000 NA NA NA
Revenue Passenger
Miles 66,046,000 NA NA NA
Load Factor 56.2 % NA NA NA
Revenue Passengers
Carried 149,707 NA NA NA
**Passenger Yield
(cents) 17.85 NA NA NA
**Passenger Revenue Per
ASM (cents) 10.02 NA NA NA
Average Length of Haul 441 NA NA NA
Calendar Calendar
Year-to-Date Year-to-Date
2008 2007 Increase/(Decrease) Percent
Available
Seat Miles 94,143,000 NA NA NA
Revenue Passenger
Miles 51,223,000 NA NA NA
Load Factor 54.4 % NA NA NA
Revenue Passengers
Carried 115,858 NA NA NA
**Passenger Yield
(cents) 17.38 NA NA NA
**Passenger Revenue Per
ASM (cents) 9.46 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.
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