DENVER, Nov. 6 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (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.
