http://biz.yahoo.com/prnews/040607/lam117_1.html
Frontier Airlines Reports Preliminary Traffic for May 2004
Monday June 7, 9:30 pm ET
DENVER, June 7 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq: FRNT - News) today announced preliminary traffic results for May 2004. Revenue passenger miles (RPMs) increased 33.8 percent to 486,935,000 for May 2004 from the same period last year. Available seat miles (ASMs) increased 32.7 percent to 742,827,000 for May 2004 from the same period last year. This resulted in a load factor for May 2004 of 65.6 percent, an increase of 0.6 points from May 2003, when the airline reported a load factor of 65.0 percent. The airline carried 495,000 passengers during May 2004, a 24.2 percent increase from May 2003. The airline reported passenger yield of 10.15 cents for the month of May 2004, a decrease of 10.9 percent from the same period last year. Its passenger Revenue per Available Seat Mile (RASM) was 6.65 cents, down .76 cents or 10.3 percent from May 2003.
Instead of repeating what I said before, here it is
"Now lets look at traffic trends
In March and April of this year, UAL flew roughly the same number of ASM's. UAL's LF in March was 80.1% and in April, it was 79.9% for a drop of .2%
Meanwhile at FRNT, March LF was 74.9%, while April's was 69.1% That's a 5.8% drop. But surely FRNT enjoyed a revenue bump....right.....? Not hardly. In March, PaxRASM at FRNT was 8.27 cents (7.65 for the entire money losing Q4[jan-mar]) How about April? 7.06 That's a 15% drop from March and a 8% drop from the MONEY LOSING Q4!!!!! That is an incredible drop, especially when you consider the increased costs of fuel in April."
Now to update it
FRNT LF has fallen to 65.6 and the PRASM has collapsed to 6.65. This is down 15% from the money losing winter Quarter. This is just on the revenue side. the increased costs associated with fuel may drive the margins down even more.
Meanwhile, back at the ranch....
Press Release Source: United Airlines
United Airlines Reports May Traffic Results
Monday June 7, 1:35 pm ET
CHICAGO, June 7 /PRNewswire-FirstCall/ -- United Airlines (OTC Bulletin Board: UALAQ - News) today reported its traffic results for May 2004. For the second month in a row, United broke its load-factor record for the month. At 80.1%, United reached its highest-ever May passenger load factor, up 2.9 points over May 2003 and 0.2 points above April 2004. United's total scheduled revenue passenger miles (RPMs) increased in May 2004 by 21.6% on a capacity increase of 17.2% available seat miles (ASMs) vs. the same period in 2003.
Frontier Airlines Reports Preliminary Traffic for May 2004
Monday June 7, 9:30 pm ET
DENVER, June 7 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq: FRNT - News) today announced preliminary traffic results for May 2004. Revenue passenger miles (RPMs) increased 33.8 percent to 486,935,000 for May 2004 from the same period last year. Available seat miles (ASMs) increased 32.7 percent to 742,827,000 for May 2004 from the same period last year. This resulted in a load factor for May 2004 of 65.6 percent, an increase of 0.6 points from May 2003, when the airline reported a load factor of 65.0 percent. The airline carried 495,000 passengers during May 2004, a 24.2 percent increase from May 2003. The airline reported passenger yield of 10.15 cents for the month of May 2004, a decrease of 10.9 percent from the same period last year. Its passenger Revenue per Available Seat Mile (RASM) was 6.65 cents, down .76 cents or 10.3 percent from May 2003.
Instead of repeating what I said before, here it is
"Now lets look at traffic trends
In March and April of this year, UAL flew roughly the same number of ASM's. UAL's LF in March was 80.1% and in April, it was 79.9% for a drop of .2%
Meanwhile at FRNT, March LF was 74.9%, while April's was 69.1% That's a 5.8% drop. But surely FRNT enjoyed a revenue bump....right.....? Not hardly. In March, PaxRASM at FRNT was 8.27 cents (7.65 for the entire money losing Q4[jan-mar]) How about April? 7.06 That's a 15% drop from March and a 8% drop from the MONEY LOSING Q4!!!!! That is an incredible drop, especially when you consider the increased costs of fuel in April."
Now to update it
FRNT LF has fallen to 65.6 and the PRASM has collapsed to 6.65. This is down 15% from the money losing winter Quarter. This is just on the revenue side. the increased costs associated with fuel may drive the margins down even more.
Meanwhile, back at the ranch....
Press Release Source: United Airlines
United Airlines Reports May Traffic Results
Monday June 7, 1:35 pm ET
CHICAGO, June 7 /PRNewswire-FirstCall/ -- United Airlines (OTC Bulletin Board: UALAQ - News) today reported its traffic results for May 2004. For the second month in a row, United broke its load-factor record for the month. At 80.1%, United reached its highest-ever May passenger load factor, up 2.9 points over May 2003 and 0.2 points above April 2004. United's total scheduled revenue passenger miles (RPMs) increased in May 2004 by 21.6% on a capacity increase of 17.2% available seat miles (ASMs) vs. the same period in 2003.