DENVER, Aug. 6 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (BULLETIN BOARD: FRNTQ) today announced preliminary traffic results for July 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:
For July 2008, Frontier carried a record number of 1,073,624 passengers, a 0.8 percent increase from July 2007. The airline reported passenger yield of 12.08 cents for the month of July 2008, an increase of 3.9 percent from the same period last year. Its passenger revenue per available seat mile was 10.61 cents, up 0.32 cents or 3.1 percent from July 2007. For the month of July 2008, the airline's average length of haul decreased 3.4 percent to 913 miles, compared to the same period last year. Revenue passenger miles decreased 2.6% percent to 979,767,000 for July 2008 from the same period last year. Available seat miles decreased 1.9 percent to 1,115,427,000 for July 2008 from the same period last year. This resulted in a load factor for July 2008 of 87.8 percent, a decrease of 0.7 points from July 2007.
Lynx Aviation Results:
For July 2008, Lynx Aviation reported revenue passenger miles of 37,040,000 and available seat miles of 51,588,000, respectively. This resulted in a load factor for July 2008 of 71.8% percent. Lynx Aviation carried 108,492 passengers during July 2008, generating passenger yield of 24.22 cents. Lynx Aviation passenger revenue per available seat mile was 17.39 cents and its average length of haul was 341 miles.
The following tables represent comparisons for the month of July year-over-year, quarter-to-date, and calendar year-to-date traffic results for Frontier's mainline operations and for Frontier Airlines Holding's, Inc. wholly owned subsidiary, Lynx Aviation.
Mainline Increase/ July 2008 July 2007 (Decrease) Percent Available Seat Miles 1,115,427,000 1,137,363,000 (21,936,000) (1.9%) Revenue Passenger Miles 979,767,000 1,006,431,000 (26,664,000) (2.6%) Load Factor 87.8% 88.5% (0.7) points N/A Revenue Passengers Carried 1,073,624 1,064,964 8,660 0.8% **Passenger Yield (cents) 12.08 11.63 0.45 3.9% **Passenger Revenue Per Avail. Seat Mile (cents) 10.61 10.29 0.32 3.1% Average Length of Haul 913 945 (32) (3.4%) Fiscal Fiscal Year-to-Date Year-to-Date Increase/ 2009 2008 (Decrease) Percent Available Seat Miles 4,299,717,000 4,323,425,000 (23,708,000) (0.5%) Revenue Passenger 3,642,386,000 3,597,337,000 45,049,000 1.3% Miles Load Factor 84.7% 83.2% 1.5 points N/A Revenue Passengers Carried 3,903,906 3,787,376 116,530 3.1% **Passenger Yield (cents) 10.96 10.93 .03 0.3% **Passenger Revenue Per Avail. Seat Mile (cents) 9.28 9.09 .19 2.1% Average Length of Haul 933 950 (17) (1.8%) Calendar Calendar Year-to-Date Year-to-Date Increase/ 2008 2007 (Decrease) Percent Available Seat Miles 7,414,144,000 7,260,459,000 153,685,000 2.1% Revenue Passenger 6,083,169,000 5,686,526,000 396,643,000 7.0% Miles Load Factor 82.0% 78.3% 3.7 points N/A Revenue Passengers Carried 6,380,684 6,009,900 370,784 6.2% **Passenger Yield (cents) 10.88 10.90 (.02) (0.2%) **Passenger Revenue Per Avail. Seat Mile (cents) 8.93 8.54 .39 4.6% Average Length of Haul 953 946 7 0.7% Lynx Aviation Increase/ Available Seat Miles July 2008 July 2007 (Decrease) Percent (ASM) 51,588,000 NA NA NA Revenue Passenger Miles 37,040,000 NA NA NA Load Factor 71.8% NA NA NA Revenue Passengers Carried 108,492 NA NA NA **Passenger Yield (cents) 24.22 NA NA NA **Passenger Revenue Per ASM (cents) 17.39 NA NA NA Average Length of Haul 341 NA NA NA Fiscal Fiscal Year-to-Date Year-to-Date Increase/ 2009 2008 (Decrease) Percent Available Seat Miles 184,296,000 NA NA NA Revenue Passenger Miles 119,164,000 NA NA NA Load Factor 64.7% NA NA NA Revenue Passengers Carried 343,659 NA NA NA **Passenger Yield (cents) 22.61 NA NA NA **Passenger Revenue Per ASM (cents) 14.62 NA NA NA Average Length of Haul 347 NA NA NA Calendar Calendar Year-to-Date Year-to-Date Increase/ 2008 2007 (Decrease) Percent Available Seat Miles 332,521,000 NA NA NA Revenue Passenger Miles 208,719,000 NA NA NA Load Factor 62.8% NA NA NA Revenue Passengers Carried 546,111 NA NA NA **Passenger Yield (cents) 20.74 NA NA NA **Passenger Revenue Per ASM (cents) 13.02 NA NA NA Average Length of Haul 382 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 60 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.
