Frontier Airlines Holdings has reported preliminary traffic results for May 2009 for both its mainline operation and its wholly-owned subsidiary, Lynx Aviation.
The mainline operation's results show that revenue passenger miles (RPMs) decreased by 15.7% to 747,594,000 from 887,201,000, while capacity, available seat miles, was down 14.9% to 919,194,000 from 1,079,730,000 in the same period last year.
This resulted in a load factor of 81.3%, a decrease of 0.9 percentage points (pp) from May 2008. Frontier carried 832,367 passengers during the month, a 12.3% decrease from the 949,116 carried in the same period last year.
Passenger yield was 8.96 cents, down 1.28 cents or 12.5% from May 2008. Passenger unit revenue (the revenue per ASM) decreased by 13.4% to 7.29 cents.
Operationally, the airline's average stage length decreased by 4.0% to 898 miles from 935 miles in May 2008.
Lynx Aviation's results for May 2009 record RPMs increasing by 20.0% to 29,213,000 from 24,339,000 in May 2008 and capacity also going up, this time by 18.1% to 49,303,000 ASMs from 41,745,000 last May.
This resulted in a load factor for May 2009 of 59.3%, 1.0 pp up on May 2008's 58.3%. Lynx carried 84,130 passengers, an 8.7% increase over the 77,369 carried in May 2008.
Passenger yield was 18.42 cents, down 5.09 cents or 21.7% from the same period last year. Passenger unit revenue decreased by 20.4% to 10.91 cents.
The airline's average length of haul increased 10.2% to 347 miles from 315 miles year-on-year for the respective months.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
Connect with us on socials
