DENVER, Sept. 5 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (Pink Sheets: FRNTQ) today announced preliminary traffic results for August 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 August 2008, Frontier reported passenger yield of 11.40 cents for the month of August 2008, a 2.0 percent increase from the same period last year. The airline carried 1,012,102 passengers, a 0.1 percent decrease from August 2007. Its passenger revenue per available seat mile was 9.80 cents, up 0.07 cents or 0.7 percent from August 2007. For the month of August 2008, the airline's average length of haul decreased 3.6 percent to 910 miles, compared to the same period last year. Revenue passenger miles decreased 3.6 percent to 921,282,000 for August 2008 from the same period last year. Available seat miles decreased 2.4 percent to 1,071,798,000 for August 2008 from the same period last year. This resulted in a load factor for August 2008 of 86 percent, a decrease of 1 point from August 2007.
Lynx Aviation Results:
For August 2008, Lynx Aviation reported revenue passenger miles of 35,057,000 and available seat miles of 51,247,000 respectively. This resulted in a load factor for August 2008 of 68.4 percent. Lynx Aviation carried 103,194 passengers during August 2008, with a passenger yield of 23.10 cents. Lynx Aviation passenger revenue per available seat mile was 15.80 cents with an average length of haul of 340 miles.
The following tables represent comparisons for the month of August 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/ August 2008 August 2007 (Decrease) Percent Available Seat Miles 1,071,798,000 1,098,043,000 (26,245,000) (2.4%) Revenue Passenger Miles 921,282,000 955,567,000 (34,285,000) (3.6%) Load Factor 86.0% 87.0% (1.0 point) NA Revenue Passengers Carried 1,012,102 1,012,626 (524) (0.1%) **Passenger Yield (cents) 11.40 11.18 .22 2.0% **Passenger Revenue Per Avail. Seat Mile (cents) 9.80 9.73 .07 0.7% Average Length of Haul 910 944 (34) (3.6%) Fiscal Fiscal Year-to-Date Year-to-Date Increase/ 2009 2008 (Decrease) Percent Available Seat Miles 5,371,515,000 5,421,468,000 (49,953,000) (0.9%) Revenue Passenger Miles 4,563,668,000 4,552,904,000 10,764,000 0.2% Load Factor 85.0% 84.0% 1.0 point NA Revenue Passengers Carried 4,916,008 4,800,002 116,006 2.4% **Passenger Yield (cents) 11.05 10.98 .07 .64% **Passenger Revenue Per Avail. Seat Mile (cents) 9.39 9.22 .17 1.8% Average Length of Haul 928 949 (21) (2.2%) Calendar Calendar Year-to-Date Year-to-Date Increase/ 2008 2007 (Decrease) Percent Available Seat Miles 8,485,942,000 8,358,502,000 127,440,000 1.5% Revenue Passenger Miles 7,004,451,000 6,642,093,000 362,358,000 5.5% Load Factor 82.5% 79.5% 3.0 points NA Revenue Passengers Carried 7,392,786 7,022,526 370,260 5.3% **Passenger Yield (cents) 10.95 10.94 .01 0.1% **Passenger Revenue Per Avail. Seat Mile (cents) 9.04 8.70 .34 3.9% Average Length of Haul 947 946 1 0.1% Lynx Aviation Increase/ August 2008 August 2007 (Decrease) Percent Available Seat Miles (ASM) 51,247,000 NA NA NA Revenue Passenger Miles 35,057,000 NA NA NA Load Factor 68.4% NA NA NA Revenue Passengers Carried 103,194 NA NA NA **Passenger Yield (cents) 23.10 NA NA NA **Passenger Revenue Per ASM (cents) 15.80 NA NA NA Average Length of Haul 340 NA NA NA Fiscal Fiscal Year-to-Date Year-to-Date Increase/ 2009 2008 (Decrease) Percent Available Seat Miles 235,543,000 NA NA NA Revenue Passenger Miles 154,221,000 NA NA NA Load Factor 65.5% NA NA NA Revenue Passengers Carried 446,853 NA NA NA **Passenger Yield (cents) 22.72 NA NA NA **Passenger Revenue Per ASM (cents) 14.88 NA NA NA Average Length of Haul 345 NA NA NA Calendar Calendar Year-to-Date Year-to-Date Increase/ 2008 2007 (Decrease) Percent Available Seat Miles 383,768,000 NA NA NA Revenue Passenger Miles 243,776,000 NA NA NA Load Factor 63.5% NA NA NA Revenue Passengers Carried 649,305 NA NA NA **Passenger Yield (cents) 21.08 NA NA NA **Passenger Revenue Per ASM (cents) 13.39 NA NA NA Average Length of Haul 375 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 58 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.
