Midwest Air Group Reports August Performance

MILWAUKEE, Sept. 13 /PRNewswire-FirstCall/ — Midwest Air Group, Inc. (AMEX:MEH) today reported August performance data, including record traffic and load factors for the month.


At the group level, a 28.2% increase in traffic outpaced a 22.8% increase in capacity, resulting in a 3.4 percentage point increase in load factor compared with August 2006. Revenue per total available seat mile decreased 1.6% in the same time period.

              Midwest Air Group, Inc. — Performance Report

Eight Months Ended
August August 31,
2007 2006 %Change 2007 2006 %Change
Midwest Air Group
Scheduled
Service
Revenue
Passenger
Miles (000s) 463,874 361,707 28.2 3,250,991 2,785,714 16.7
Scheduled
Service
Available
Seat Miles
(000s) 565,646 460,464 22.8 4,065,208 3,585,566 13.4
Total
Available
Seat Miles
(000s) 567,130 462,262 22.7 4,091,261 3,630,507 12.7
Load Factor (%) 82.0% 78.6% 3.4pts 80.0% 77.7% 2.3pts
Revenue Yield
(estimate) $0.1393 $0.1464 (4.9) $0.1384 $0.1427 (3.0)
Passenger
Revenue per
Schd. Svc.
ASM (estimate) $0.1142 $0.1150 (0.7) $0.1107 $0.1109 (0.2)
Total Revenue
per Total ASM
(estimate) $0.1249 $0.1269 (1.6) $0.1232 $0.1231 0.1
Number of
Flights 11,029 9,726 13.4 78,313 74,297 5.4
Into-plane Fuel
Cost per
Gallon
(estimate) $2.12 $2.36 (10.3) $2.12 $2.19 (3.2)

Midwest Airlines Operations
Origin &
Destination
Passengers 349,620 318,862 9.6 2,670,645 2,458,021 8.7
Scheduled
Service
Revenue
Passenger
Miles (000s) 400,333 337,108 18.8 2,963,358 2,608,913 13.6
Scheduled
Service
Available
Seat Miles
(000s) 480,422 426,511 12.6 3,662,674 3,328,429 10.0
Total
Available
Seat
Miles (000s) 481,906 428,309 12.5 3,688,727 3,373,004 9.4
Load Factor (%) 83.3% 79.0% 4.3pts 80.9% 78.4% 2.5pts
Revenue Yield
(estimate) $0.1199 $0.1298 (7.6) $0.1228 $0.1272 (3.4)
Passenger
Revenue per
Schd. Svc.
ASM (estimate) $0.0999 $0.1026 (2.6) $0.0994 $0.0997 (0.3)
Total Revenue
per Total ASM
(estimate) $0.1129 $0.1163 (2.9) $0.1139 $0.1138 0.1
Average
Passenger Trip
Length (miles) 1,145 1,057 8.3 1,110 1,061 4.5
Number of
Flights 4,689 4,725 (0.8) 37,713 36,036 4.7
Into-plane Fuel
Cost per Gallon
(estimate) $2.13 $2.35 (9.6) $2.11 $2.18 (3.0)

Midwest Connect
Operations
Origin &
Destination
Passengers 148,351 78,162 89.8 775,335 560,886 38.2
Scheduled
Service
Revenue
Passenger
Miles (000s) 63,541 24,599 158.3 287,633 176,802 62.7
Scheduled
Service
Available Seat
Miles (000s) 85,224 33,953 151.0 402,534 257,136 56.5
Total Available
Seat Miles
(000s) 85,224 33,953 151.0 402,534 257,503 56.3
Load Factor (%) 74.6% 72.4% 2.2pts 71.5% 68.8% 2.7pts
Revenue Yield
(estimate) $0.2617 $0.3743 (30.1) $0.2988 $0.3724 (19.7)
Passenger
Revenue per
Schd. Svc. ASM
(estimate) $0.1951 $0.2712 (28.1) $0.2135 $0.2560 (16.6)
Total Revenue
per Total
ASM
(estimate) $0.2084 $0.3012 (30.8) $0.2351 $0.2871 (18.1)
Average
Passenger Trip
Length (miles) 428 315 36.1 371 315 17.7
Number of
Flights 6,340 5,001 26.8 40,600 38,261 6.1
Into-plane
Fuel Cost
per Gallon
(estimate) $2.08 $2.41 (13.6) $2.13 $2.23 (4.5)

Note: All statistics exclude charter operations except total available
seat miles, total revenue per total available seat miles and
into-plane fuel cost. Numbers may not recalculate due to rounding.


This performance report includes operating statistics for the 50-seat regional jet fleet operated by SkyWest Airlines, affecting year-over-year comparisons for Midwest Air Group and Midwest Connect. That service, which launched April 1, 2007, has allowed for the opening of new markets as well as the conversion to Midwest Connect of some flights previously flown by Midwest Airlines.


Readers of Travel+Leisure named Midwest Airlines “Best Domestic Airline” in the magazine’s 2007 World’s Best Awards competition. The airline features jet service throughout the United States, including Milwaukee’s most daily nonstop flights and best schedule to major destinations. Catering to business travelers and discerning leisure travelers, the airline earned its reputation as “The best care in the air” by providing passengers with impeccable service and onboard amenities at competitive fares. Both Skyway Airlines, Inc. — a wholly owned subsidiary of Midwest Airlines — and SkyWest Airlines, Inc. operate as Midwest Connect and offer service to and connections through Midwest Airlines’ hubs. Together, the airlines offer service to 53 cities. More information is available at http://www.midwestairlines.com/.


First Call Analyst:
FCMN Contact:


Source: Midwest Air Group, Inc.


CONTACT: Media, Carol Skornicka, +1-414-570-3980, cell,
+1-414-303-6516,
[email protected], or Analysts|Investors,
Dennis O’Reilly, +1-414-570-3954, Dennis.O’
[email protected], both of
Midwest Air Group, Inc.


Web site: http://www.midwestairlines.com/