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.
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.
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.
