Airline achieves record load factor for fourth consecutive month
Frontier Airlines Holdings, Inc. (BULLETIN BOARD: FRNTQ) today announced preliminary traffic results for June 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, quarter-to-date and calendar year-to-date are presented for Lynx Aviation in the text and table below.
Mainline Results
Mainline revenue passenger miles decreased 1.1 percent to 925,912,000 for June 2008 from the same period last year. Available seat miles decreased 1.3 percent to 1,061,901,000 for June 2008 from the same period last year. This resulted in a load factor for June 2008 of 87.2 percent, an increase of .2 points from June 2007, when the airline reported a load factor of 87.0 percent. The airline carried 1,002,329 passengers during June 2008, a 1.8 percent increase from June 2007. The airline reported passenger yield of 11.71 cents for the month of June 2008, an increase of 1.8 percent from the same period last year. The airline reported revenue per available seat mile (RASM) of 10.21 cents, up .20 cents or 2.0 percent from June 2007. For the month of June 2008, the airline's average length of haul decreased 2.8 percent to 924 miles, compared to the same period last year.
Lynx Aviation Results
For June 2008, Lynx Aviation reported revenue passenger miles of 33,304,000 and available seat miles of 48,745,000, respectively. This resulted in a load factor for June 2008 of 68.3 percent. Lynx Aviation carried 96,947 passengers during June 2008, generating passenger yield of 23.44 cents. Lynx Aviation passenger revenue per available seat mile was 16.02 cents and its average length of haul was 344 miles for June 2008.
The following tables represent comparisons for the month of June year-over-year, quarter-to-date year-over-year and calendar year-to-date, year-over-year traffic results for Frontier's mainline operations and for Frontier Airlines Holding's, Inc. wholly owned subsidiary, Lynx Aviation.
Increase/
June 2008 June 2007 (Decrease) Percent
Available Seat Miles 1,061,901,000 1,076,255,000 (14,354,000) (1.3%)
Revenue Passenger
Miles 925,912,000 936,492,000 (10,580,000) (1.1%)
Load Factor 87.2% 87.0% .2 points N/A
Revenue Passengers
Carried 1,002,329 984,864 17,465 1.8%
**Passenger Yield
(cents) 11.71 11.50 0.21 1.8%
**Passenger Revenue
Per Avail. Seat Mile
(cents) 10.21 10.01 0.20 2.0%
Average Length of
Haul (miles) 924 951 (27) (2.8%)
Fiscal Fiscal
First First
Quarter Quarter Increase/
2009 2008 (Decrease) Percent
Available Seat Miles 3,184,290,000 3,186,062,000 (1,772,000) (.06%)
Revenue Passenger
Miles 2,662,619,000 2,590,906,000 71,713,000 2.8%
Load Factor 83.6% 81.3% 2.3 points N/A
Revenue Passengers
Carried 2,830,282 2,722,412 107,870 4.0%
**Passenger Yield
(cents) 10.55 10.66 (0.11) (1.0%)
**Passenger Revenue
Per Avail. Seat Mile
(cents) 8.82 8.67 .15 1.7%
Average Length of
Haul (miles) 941 952 (11) (1.2%)
Calendar Calendar
Year-to- Year-to- Increase/
Date 2008 Date 2007 (Decrease) Percent
Available Seat Miles 6,298,717,000 6,123,096,000 175,621,000 2.9%
Revenue Passenger
Miles 5,103,402,000 4,680,095,000 423,307,000 9.0%
Load Factor 81.0% 76.4% 4.6 points N/A
Revenue Passengers
Carried 5,307,060 4,944,936 362,124 7.3%
**Passenger Yield
(cents) 10.65 10.75 (.10) (0.9%)
**Passenger Revenue
Per Avail. Seat Mile
(cents) 8.63 8.22 .41 5.0%
Average Length of
Haul (miles) 962 946 16 1.7%
Lynx Aviation
Increase/
June 2008 June 2007 (Decrease) Percent
Available Seat Miles
(ASM) 48,745,000 NA NA NA
Revenue Passenger
Miles 33,304,000 NA NA NA
Load Factor 68.3% NA NA NA
Revenue Passengers NA NA NA
Carried 96,947
**Passenger Yield NA NA NA
(cents) 23.44
**Passenger Revenue NA NA NA
Per ASM (cents) 16.02
Average Length of Haul 344 NA NA NA
Fiscal Fiscal
First First
Quarter Quarter Increase/
2009 2008 (Decrease) Percent
Available Seat Miles 132,708,000 NA NA NA
Revenue Passenger
Miles 82,124,000 NA NA NA
Load Factor 61.9% NA NA NA
Revenue Passengers NA NA NA
Carried 235,167
**Passenger Yield NA NA NA
(cents) 21.89
**Passenger Revenue NA NA NA
Per ASM (cents) 13.55
Average Length of Haul 349 NA NA NA
Calendar Calendar
Year-to- Year-to- Increase/
Date 2008 Date 2007 (Decrease) Percent
Available Seat Miles 280,933,000 NA NA NA
Revenue Passenger
Miles 171,679,000 NA NA NA
Load Factor 61.1% NA NA NA
Revenue Passengers NA NA NA
Carried 437,619
**Passenger Yield
(cents) 19.98 NA NA NA
**Passenger Revenue NA NA NA
Per ASM (cents) 12.21
Average Length of Haul 392 NA NA NA
