Midwest Air Group Reports July Performance

MILWAUKEE, Aug. 10 /PRNewswire-FirstCall/ — Midwest Air Group, Inc. (AMEX:MEH) today reported July performance data, including record traffic and load factors for the month.


At the group level, a 25.9% increase in traffic outpaced a 24.9% increase in capacity, resulting in a 0.7 percentage point increase in load factor compared with July 2006. Revenue per total available seat mile decreased 3.5% in the same time period.

              Midwest Air Group, Inc. — Performance Report

Seven Months Ended
July July 31,

2007 2006 % Change 2007 2006 % Change
Midwest Air Group
Scheduled Service
Revenue
Passenger
Miles (000s) 489,338 388,580 25.9 2,787,116 2,424,007 15.0
Scheduled Service
Available Seat
Miles (000s) 578,580 463,291 24.9 3,499,562 3,125,101 12.0
Total Available
Seat
Miles (000s) 579,740 464,755 24.7 3,524,130 3,168,245 11.2
Load Factor (%) 84.6% 83.9% 0.7pts. 79.6% 77.6% 2.0pts.
Revenue Yield
(estimate) $0.1363 $0.1414 (3.6) $0.1382 $0.1422 (2.8)
Passenger Revenue
per Schd. Svc.
ASM (estimate) $0.1153 $0.1186 (2.8) $0.1101 $0.1103 (0.2)
Total Revenue
per Total
ASM (estimate) $0.1258 $0.1303 (3.5) $0.1229 $0.1225 0.3
Number of Flights 11,011 9,397 17.2 67,284 64,571 4.2
Into-plane Fuel
Cost per Gallon
(estimate) $2.11 $2.30 (8.4) $2.12 $2.16 (2.0)

Midwest Airlines
Operations
Origin &
Destination
Passengers 380,308 342,089 11.2 2,321,025 2,139,159 8.5
Scheduled Service
Revenue
Passenger Miles
(000s) 433,209 364,141 19.0 2,563,024 2,271,804 12.8
Scheduled Service
Available Seat
Miles (000s) 500,634 431,139 16.1 3,182,252 2,901,918 9.7
Total Available
Seat Miles
(000s) 501,793 432,603 16.0 3,206,821 2,944,695 8.9
Load Factor (%) 86.5% 84.5% 2.0pts. 80.5% 78.3% 2.2pts.
Revenue Yield
(estimate) $0.1202 $0.1277 (5.9) $0.1233 $0.1268 (2.8)
Passenger Revenue
per Schd. Svc.
ASM (estimate) $0.1040 $0.1079 (3.6) $0.0993 $0.0993 0.0
Total Revenue per
Total ASM
(estimate) $0.1165 $0.1212 (3.9) $0.1140 $0.1134 0.6
Average Passenger
Trip Length
(miles) 1,139 1,064 7.0 1,104 1,062 4.0
Number of Flights 4,903 4,685 4.7 33,024 31,311 5.5
Into-plane Fuel
Cost per Gallon
(estimate) $2.10 $2.30 (8.3) $2.11 $2.15 (1.9)

Midwest Connect
Operations
Origin &
Destination
Passengers 136,229 75,867 79.6 626,984 482,724 29.9
Scheduled Service
Revenue
Passenger
Miles (000s) 56,129 24,439 129.7 224,092 152,203 47.2
Scheduled Service
Available Seat
Miles (000s) 77,947 32,152 142.4 317,310 223,183 42.2
Total Available
Seat Miles
(000s) 77,947 32,152 142.4 317,310 223,550 41.9
Load Factor (%) 72.0% 76.0% (4.0)pts. 70.6% 68.2% 2.4pts.
Revenue Yield
(estimate) $0.2606 $0.3454 (24.5) $0.3094 $0.3720 (16.8)
Passenger Revenue
per Schd. Svc.
ASM
(estimate) $0.1876 $0.2625 (28.5) $0.2185 $0.2537 (13.9)
Total Revenue per
Total ASM
(estimate) $0.2029 $0.2940 (31.0) $0.2423 $0.2849 (14.9)
Average Passenger
Trip Length (miles) 412 322 27.9 357 315 13.4

Number of Flights 6,108 4,712 29.6 34,260 33,260 3.0
Into-plane Fuel
Cost per Gallon
(estimate) $2.13 $2.36 (9.7) $2.14 $2.21 (2.8)


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: Carol Skornicka, +1-414-570-3980, or cell, +1-414-303-6516,
[email protected], or Analyst-Investor Inquiries, Dennis
O’Reilly, +1-414-570-3954, Dennis.O’
[email protected], both of
Midwest Air Group, Inc.


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