Frontier Airlines (Nasdaq: FRNT) today announced preliminary traffic results for November 2002. Revenue passenger miles (RPMs) increased 56.0 percent to 266,611,000 for November 2002 from the same period last year. Available seat miles (ASMs) increased 48.7 percent to 482,601,000 for November 2002 from the same period last year. This resulted in a load factor for November 2002 of 55.2 percent, an increase of 2.5 points from November 2001. The airline carried 297,407 passengers during November 2002. The airline reported an average fare of $108 for the month of November 2002, a 20.6 percent decrease from November 2001, when the airlineå‘s average fare was $136. Comparisons with November 2001 traffic and capacity information reflect a decrease in the demand for air travel and a subsequent reduction in capacity after the events of Sept. 11, 2001.
According to Sean Menke, vice president of marketing and planning, “Although we continue to operate in a depressed fare environment, we are very pleased with the level of traffic we carried over the Thanksgiving Holiday weekend. We applaud the outstanding efforts of our employees during this busy travel season, and their hard work preparing for our first international destination will culminate later this month as we begin service to Cancun and Mazatlan.”
Denver-based Frontier Airlines employs approximately 3,000 aviation professionals and is the second largest jet service carrier at Denver International Airport. Frontier and its regional jet partner Frontier JetExpress offer service to 37 cities. Frontier’s fleet consists of 36 aircraft, which feature a single-class configuration. In 1999, 2000 and 2001, Frontier`s maintenance and engineering department received the Federal Aviation Administration`s highest award, the Diamond Certificate of Excellence, in recognition of 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs. In April 2002, Entrepreneur ranked Frontier one of two “Best Low-Fare Airlines,” and in September 2001, Fortune ranked Frontier 41st on its 100 Fastest Growing Companies list. Frontier provides capacity information and other operating statistics on its Web site, which may be viewed at www.frontierairlines.com.