Frontier Airlines 2007 Annual Report Download - page 47

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Certain Statistical Information
Years Ended December 31,
Operating Expenses per ASM in cents
2007 2006 2005
Wages and benefits 1.97 1.92 2.19
Aircraft fuel (1) 2.58 3.55 4.25
Landing fees 0.47 0.46 0.46
Aircraft and engine rent 1.08 1.03 1.18
Maintenance and repair 1.13 1.15 1.17
Insurance and taxes 0.16 0.19 0.25
Depreciation and amortization 0.93 1.01 0.99
Impairment loss and accrued aircraft return costs (2) — (0.02) (0.06)
Other 0.91 0.87 0.95
Total operating expenses 9.23 10.16 11.38
Plus interest expense 0.93 1.00 0.97
Total operating and interest expenses 10.16 11.16 12.35
Total operating and interest expenses excluding aircraft fuel 7.58 7.61 8.10
(1) Beginning in May 2005, we do not record fuel expense and the related revenue for US Airways operations because US Airways
pays for fuel directly. Beginning in January 2007, for certain United locations, we do not record fuel expense and the related revenue
because United pays for fuel directly. Continental and Frontier pay fuel directly and their operations began in January and March
2007, respectively.
(2) In 2005, we reversed a $4.2 million reserve after an agreement to return all the Saab turboprop aircraft to lessors was executed and
all liabilities were settled. In 2006, we recorded a $2.1 million gain relating to the disposition of Saab aircraft and spare parts.
Years Ended December 31,
2007
Increase/
(Decrease)
2007-2006
2006
Increase/
(Decrease)
2006-2005
2005
Passengers carried (000’s) 16,287 28.6% 12,666 38.6% 9,137
Revenue passenger miles (000’s) (1) 8,581,836 29.0% 6,650,399 47.2% 4,516,518
Available seat miles (000’s) (2) 11,511,795 25.7% 9,154,719 39.6% 6,559,966
Passenger load factor (3) 74.5% 1.9pp 72.6% 3.8pp 68.8%
Cost per available seat mile (4) 10.16 (9.0%) 11.16 (9.6%) 12.35
Average price per gallon of fuel (5) $2.40 11.1% $2.16 9.1% $1.98
Fuel gallons consumed (6) 123,438,728 (17.4%) 149,383,949 5.8% 141,159,425
Block hours (7) 679,718 22.1% 556,635 20.0% 464,041
Average passenger trip length (miles) 522 1.4% 515 5.7% 487
Average daily utilization of each aircraft
(hours) (8)
10.32
(0.3%)
10.35 (1.4%) 10.50
Aircraft in operations at end of period 219 28.1% 171 20.4% 142
(1) Passengers carried multiplied by miles flown.
(2) Passenger seats available multiplied by miles flown.
(3) Revenue passenger miles divided by available seat miles.
(4) Total operating and interest expenses divided by available seat miles.
(5) Cost of aircraft fuel, including fuel taxes and into-plane fees.
(6) Beginning in May 2005, we do not record fuel expense and the related revenue for US Airways operations because US Airways
pays for fuel directly. Beginning in January 2007, for certain United locations, we do not record fuel expense and the related revenue
because United pays for fuel directly. Continental and Frontier pay fuel directly and their operations began in January and March
2007, respectively.
(7) Hours from takeoff to landing, including taxi time.
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 21, 2008 Powered by Morningstar® Document Research℠