Frontier Airlines 2005 Annual Report Download - page 7
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These seven 70-seat regional jets are covered by firm orders we have with Embraer. We also had four additional firm orders which
have not yet been allotted to a major airline partner and options for 35 regional jets as of December 31, 2005. All of the options are for
ERJ-170 aircraft, which may be converted to options for ERJ-175, ERJ-190 or ERJ-195 aircraft, which range in size from 78 seats to
110 seats.
We have long-term, fixed-fee regional jet code-share agreements with each of our partners that are subject to our maintaining
specified performance levels. Pursuant to these fixed-fee agreements, which provide for minimum aircraft utilization at fixed rates, we
are authorized to use our partners' two-letter flight designation codes to identify our flights and fares in our partners' computer
reservation systems, to paint our aircraft in the style of our partners, to use their service marks and to market ourselves as a carrier for
our partners. In addition, in connection with a marketing agreement among Delta, Continental Airlines and Northwest Airlines, certain
of the routes that we fly using Delta's flight designator code are also flown under Continental's or Northwest's designator codes. Our
shift from pro-rate revenue sharing agreements to fixed-fee agreements has eliminated our exposure to fluctuations in fuel prices, fare
competition and passenger volumes. Our development of relationships with multiple major airlines has enabled us to reduce our
dependence on any single airline, allocate our overhead more efficiently among our partners and reduce the cost of our services to our
partners.
For the years ended December 31, 2005 and 2004 respectively, US Airways accounted for approximately 21% and 38% of our
passenger revenues, Delta accounted for approximately 34% and 36% of our passenger revenues, American accounted for
approximately 13% and 16% of our passenger revenues and United accounted for approximately 32% and 10% of our passenger
revenues.
Markets and Routes
Markets
We believe that our development of hub operations in St. Louis with American, in New York, Boston, Indianapolis,
Philadelphia, Pittsburgh and Washington, D.C. with US Airways in Orlando, Columbus and Fort Lauderdale with Delta and in
Chicago and Washington D.C. with United has been a principal factor in the growth of our flight operations and will facilitate
implementation of our growth and operating strategy. As of December 31, 2005, we offered scheduled passenger services on
approximately 800 daily flights to 78 cities in 33 states, Canada and the Bahamas. The following illustrates the routes we currently fly
for our code-share partners:
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠