Frontier Airlines Holdings, Inc. (OTC:FRNTQ) (BULLETIN BOARD: FRNTQ) today announced increases in passenger yield, passenger revenue per seat mile and passenger load factor compared to the same period in 2007.
These increases were reported in the company's preliminary traffic results for September 2008 for both Frontier's mainline operation as well as its wholly-owned subsidiary, Lynx Aviation.
Mainline Results:
For September 2008, Frontier reported passenger yield of 10.60 cents, an 8.3 percent increase from the same period last year. Its passenger revenue per available seat mile was 8.78 cents, up 1.15 cents or 15.1 percent from September 2007.
The airline carried 799,233 passengers, a 2.9 percent decrease from September 2007. For the month of September 2008, the airline's average length of haul decreased 5.5 percent to 891 miles, compared to the same period last year. Revenue passenger miles decreased 8.3 percent to 711,928,000 for September 2008 from the same period last year. Available seat miles decreased 13.7 percent to 859,920,000 for September 2008 from the same period last year. This resulted in a load factor for September 2008 of 82.8 percent, an increase of 4.9 points from September 2007.
Lynx Aviation Results:
For September 2008, Lynx Aviation reported revenue passenger miles of 32,210,000 and available seat miles of 52,151,000. This resulted in a load factor for September 2008 of 61.8 percent. Lynx Aviation carried 90,992 passengers with a passenger yield of 21.38 cents. Lynx Aviation passenger revenue per available seat mile was 13.20 cents with an average length of haul of 354 miles.
Mainline
September September Increase/ Percent
2008 2007 (Decrease)
Available Seat
Miles 859,920,000 996,914,000 (136,994,000) (13.7%)
Revenue Passenger
Miles 711,928,000 776,607,000 (64,679,000) (8.3%)
Load Factor 82.8% 77.9% 4.9 points NA
Revenue
Passengers Carried 799,233 823,487 (24,254) (2.9%)
**Passenger Yield
(cents) 10.60 9.79 0.81 8.3%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 8.78 7.63 1.15 15.1%
Average Length of Haul 891 943 (52) (5.5%)
Fiscal Year- Fiscal Year- Increase/ Percent
to- Date 2009 to- Date 2008 (Decrease)
Available Seat
Miles 6,231,435,000 6,418,382,000 (186,947,000) (2.9%)
Revenue Passenger
Miles 5,275,596,000 5,329,511,000 (53,915,000) (1.0%)
Load Factor 84.7% 83.0% 1.7 points NA
Revenue
Passengers Carried 5,715,241 5,623,489 91,752 1.6%
**Passenger Yield
(cents) 10.99 10.81 0.18 1.7%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 9.30 8.98 0.32 3.6%
Average Length of Haul 923 948 (25) (2.6%)
Calendar Calendar Increase/ Percent
Year-to-Date Year-to-Date (Decrease)
2008 2007
Available Seat
Miles 9,345,862,000 9,355,416,000 (9,554,000) (0.1%)
Revenue Passenger
Miles 7,716,379,000 7,418,700,000 297,679,000 4.0%
Load Factor 82.6% 79.3% 3.3 points NA
Revenue
Passengers
Carried 8,192,019 7,846,013 346,006 4.4%
**Passenger Yield
(cents) 10.92 10.82 0.1 0.9%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 9.02 8.58 0.44 5.1%
Average Length of Haul 942 946 (4) (0.4%)
Quarter ended Quarter ended Increase/ Percent
September September (Decrease)
2008 2007
Available Seat
Miles 3,047,145,000 3,232,320,000 (185,175,000) (5.7%)
Revenue Passenger
Miles 2,612,977,000 2,738,605,000 (125,628,000) (4.6%)
Load Factor 85.8% 84.7% 1.1 points NA
Revenue
Passengers
Carried 2,884,959 2,901,077 (16,118) (0.6%)
**Passenger Yield
(cents) 11.44 10.95 0.49 4.5%
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 9.81 9.28 0.53 5.7%
Average Length of Haul 906 944 (38) (4.0%)
Lynx Aviation
September September Increase/ Percent
2008 2007 (Decrease)
Available Seat Miles
(ASM) 52,151,000 NA NA NA
Revenue Passenger
Miles 32,210,000 NA NA NA
Load Factor 61.8% NA NA NA
Revenue Passengers
Carried 90,992 NA NA NA
**Passenger Yield
(cents) 21.38 NA NA NA
**Passenger Revenue
Per ASM (cents) 13.20 NA NA NA
Average Length of Haul 354 NA NA NA
Fiscal Year- Fiscal Year- Increase/ Percent
to-Date 2009 to-Date 2008 (Decrease)
Available Seat Miles 287,694,000 NA NA NA
Revenue Passenger
Miles 186,431,000 NA NA NA
Load Factor 64.8% NA NA NA
Revenue Passengers
Carried 537,845 NA NA NA
**Passenger Yield
(cents) 22.49 NA NA NA
**Passenger Revenue
Per ASM (cents) 14.58 NA NA NA
Average Length of Haul 347 NA NA NA
Calendar Year- Calendar Increase/ Percent
to-Date Year-to-Date (Decrease)
2008 2007
Available Seat Miles 435,919,000 NA NA NA
Revenue Passenger
Miles 275,986,000 NA NA NA
Load Factor 63.3% NA NA NA
Revenue Passengers
Carried 740,297 NA NA NA
**Passenger Yield
(cents) 21.11 NA NA NA
**Passenger Revenue
Per ASM (cents) 13.37 NA NA NA
Average Length of Haul 373 NA NA NA
Quarter Quarter Increase/ Percent
ended ended (Decrease)
September September
2008 2007
Available Seat Miles 154,986,000 NA NA NA
Revenue Passenger
Miles 104,307,000 NA NA NA
Load Factor 67.3% NA NA NA
Revenue
Passengers
Carried 302,678 NA NA NA
**Passenger Yield
(cents) 22.97 NA NA NA
**Passenger
Revenue Per
Avail. Seat Mile
(cents) 15.46 NA NA NA
Average Length of Haul 345 NA NA NA
