Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Frontier Airlines Reports Preliminary Record Traffic for June 2006

Thursday July 6, 7:31 pm ET
Frontier Achieves Highest Load Factor in Company History

DENVER, July 6 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq: FRNT - News) today announced preliminary traffic results for June 2006, reporting not only a record load factor for the month of June, but also the highest monthly load factor in the Company's history. Revenue passenger miles increased 21.8 percent to 813,146,000 for June 2006 from the same period last year. Available seat miles increased 17.7 percent to 954,886,000 for June 2006 from the same period last year. This resulted in a load factor for June 2006 of 85.2 percent, an increase of 2.9 points from June 2005, when the airline reported a load factor of 82.3 percent. The airline carried 858,261 passengers during June 2006, a 24.5 percent increase from June 2005. The airline reported passenger yield of 11.61 cents for the month of June 2006, an increase of 4.4 percent from the same period last year. Its preliminary passenger revenue per available seat mile (RASM) was 9.89 cents, up .74 cents or 8.1 percent from June 2005. For the month of June 2006, the airline's average length of haul decreased 2.3 percent to 947 miles, compared to the same period last year.
The following table represents comparisons for the month of June, calendar year-to-date and fiscal first quarter, year-over-year traffic results.


Increase/
June 2006 June 2005 (Decrease) Percent
Available Seat Miles 954,886,000 811,315,000 143,571,000 17.7%
Revenue Passenger
Miles 813,146,000 667,842,000 145,304,000 21.8%
Load Factor 85.2% 82.3% 2.9 Points N/A
Revenue Passengers
Carried 858,261 689,343 168,918 24.5%
**Passenger
Yield (cents) 11.61 11.12 .49 4.4%
**Passenger Revenue
Per Avail. Seat
Mile (cents) 9.89 9.15 .74 8.1%
Average Length of
Haul (miles) 947 969 (22) (2.3%)

http://biz.yahoo.com/prnews/060706/lath114.html?.v=36

These look like good numbers. Higher load factors and the nice increase in RASM make me more confident that FRNT will be able to survive and possibly thrive in the years ahead...

JT :-)
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement